Doral VA Loans

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A Doral FL VA home mortgage loan is a loan issued by private lenders that are supported 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 mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Doral Florida VA Mortgage Loan?

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

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

Qualifying Requirements for Doral VA Mortgage Loans

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

• Sufficient and reliable credit history.
• A solid means of income.
• A valid Certificate of Eligibility (COE).

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

Requesting a Certification of Eligibility for Doral VA Home Loans

For the gathering of a COE, service men and women of the armed forces and veterans need to have fulfilled specific time amounts of service. On the contrary, the eligibility criteria for the spouses of veterans to get a home mortgage loan is somewhat different. It consists of:

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

If you think you are eligible for a Doral Florida VA home 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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