Doral VA Loans

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A Doral Florida VA home loan is a home mortgage loan offered by private lenders that are backed by the VA department so that the process of getting a mortgage can become easier for veterans. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Qualified for a Doral Florida VA Loan?

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

• Veterans who have served with the U.S. armed forces.
• Military personnel which are on active duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Doral VA Loans

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

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

The guarantee by the department of Veterans Affairs mortgage in Doral is offered only when the home is for individual 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.

Obtaining a COE for Doral VA Mortgage Loans

For the obtainment of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have fulfilled specific time amounts of service. On the other hand, the requirement criteria for the spouses of vets to obtain a home loan is somewhat different. It includes:

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

If you think you are eligible for a Doral 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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