Dunedin VA Loans

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A Dunedin Florida VA loan is a home mortgage loan provided by private lenders that are supported by the VA department so that the process of getting a home mortgage loan can become simpler for vets. The funds are lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Dunedin Florida VA Mortgage Loan?

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

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

Qualifying Requirements for Dunedin VA Mortgages

Not all for a VA home loan. In order to be eligible, veterans require:

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

The guarantee by the VA loan in Dunedin is offered only when the house 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.

Obtaining a COE for Dunedin VA Mortgage Loans

For the gathering of a COE, service men and women of the armed forces need to have fulfilled specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses of veterans to get a loan is slightly different. It includes:

• Spouses of deceased veterans 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 have been disabled during service.

If you think you might be eligible for a Dunedin Florida VA home mortgagecontact 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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