Fort Myers VA Loans

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A Fort Myers VA mortgage loan is a mortgage loan issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a home loan can become easier for vets. The actual money is 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 Fort Myers VA Mortgage?

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

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

Eligibility Requirements for Fort Myers FL VA Loans

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

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

The guarantee by the department of Veterans Affairs home loan is offered only when the home is for individual use of the client. However, the funds can be used to purchase the house, build it or to make improvements in it, as per the requirements of the client.

Gathering a COE for Fort Myers VA Mortgages

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 other hand, the requirement criteria for the significant others of veterans to get a mortgage 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 have been disabled during service.

If you think you might be eligible for a Fort Myers VA mortgage 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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