Fort Myers VA Loans

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A Fort Myers FL VA mortgage is a mortgage loan provided by private lenders that are backed by the VA department so that the process of getting a mortgage can become simpler for vets. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Qualified for a Fort Myers VA Loan?

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

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

Eligibility Requirements for Fort Myers FL VA Mortgages

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

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

The guarantee by the department of Veterans Affairs mortgage is granted only when the home is for individual use of the borrower. However, the money can be used to buy the house, build it or to make changes to it, as per the needs of the borrower.

Obtaining a Certification of Eligibility for Fort Myers VA Home Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time amounts of service. On the contrary, the eligibility criteria for the significant others of veterans to get a mortgage is slightly different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• 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 are eligible for a Fort Myers FL VA loanscontact 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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