Davie VA Loans

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A Davie VA home loan is a mortgage offered by private lenders that are backed by the VA department so that the process of getting a home loan can become simpler for veterans. The actual money is lent by the lenders themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a Davie Florida VA Home Loan?

There are four kinds of people who can request Davie VA mortgages. These are:

• Veterans who served with the U.S. military.
• Military personnel who are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Davie VA Mortgages

Not every veteran qualifies for a VA mortgage loan. In order qualify, veterans require:

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

The guarantee by the VA home loan in Davie is offered only when the house is for personal use of the client. However, the funds can be used to buy the property, build it or to make improvements in it, as per the requirements of the client.

Requesting a COE for Davie VA Loans

For the request of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time amounts of honorable service. On the contrary, the eligibility criteria for the spouses of vets to obtain a home loan is somewhat different. It consists of:

• 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 vets which alive but have been disabled during service.

If you think you are eligible for a Davie Florida VA 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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