Dunedin VA Loans

apply-now-today

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

Who is Qualified for a Dunedin Florida VA Home Mortgage?

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

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

Qualifying Requirements for Dunedin VA Mortgage Loan

Not all veteran is eligible for a VA mortgage. 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 VA mortgage in Dunedin is granted only when the home is for personal use of the client. However, the funds can be used to purchase the house, develop it or to make changes to it, as per the needs of the client.

Gathering a Certification of Eligibility for Dunedin VA Mortgages

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 honorable service. On the contrary, the requirement criteria for the spouses of veterans to get a mortgage is slightly 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 have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but have been disabled during service.

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

 

Contact Us

map

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

Latest News