Davie VA Loans

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A Davie FL VA home mortgage loan is a loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a mortgage can become easier for veterans. The money is then lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Davie Florida VA Home Loan?

There are four types of people who can apply for Davie VA home mortgage loans. These are:

• Veterans who served with the United States military.
• Military men which are currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Davie VA Mortgage Loan

Not every veteran is eligible for a VA mortgage loan. In order to be eligible, veterans require:

• Sufficient and consistent credit background.
• A fixed and stable means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the VA mortgage in Davie is offered only when the home is for individual use of the borrower. However, the funds can be used to purchase the house, develop it or to make changes to it, as per the needs of the borrower.

Gathering a Certification of Eligibility for Davie VA Mortgages

For the obtainment of a COE, service men and women of the armed forces need to have completed specific time durations of service. On the contrary, the eligibility criteria for the spouses of vets to obtain a home mortgage loan is somewhat different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which alive but were disabled during service.

If you think you might be eligible for a Davie Florida VA mortgage loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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