Dunedin VA Loans

apply-now-today

A Dunedin FL VA mortgage loan is a home loan provided by private lenders that are supported by the VA department so that the process of getting a mortgage loan can become easier for veterans. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Dunedin Florida VA Home Loan?

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

• Veterans who served with the U.S. armed forces.
• Military personnel which.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Dunedin VA Home Loans

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

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

The guarantee by the department of Veterans Affairs mortgage loan in Dunedin is offered only when the home is for personal use of the borrower. However, the funds can be used to buy the house, build it or to make improvements in it, as per the needs of the borrower.

Gathering a COE for Dunedin VA Loans

For the request 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 eligibility criteria for the spouses of veterans to get a mortgage loan is slightly different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• Spouses who 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 Dunedin Florida VA mortgage loancontact 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