Gainesville VA Loans

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A Gainesville FL VA home mortgage is a loan provided by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home 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 finding reliable clients among the veterans.

Who is Eligible for a Gainesville VA Home Loan?

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

• Veterans who have served with the U.S. military.
• 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 Gainesville VA Mortgages

Not all veteran qualifies for a VA 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 house is for individual use of the client. However, the funds can be used to buy the property, develop it or to make changes to it, as per the needs of the client.

Requesting a Certification of Eligibility for Gainesville VA Home Loans

For the request of a COE, in-service members of the armed forces need to have fulfilled specific time durations of honorable service. On the contrary, the eligibility criteria for the spouses of vets to get a home mortgage is somewhat different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone missing in action 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 might be eligible for a Gainesville VA loancontact First Nationwide Lending at (877) 442-4023 for more information today!

First Nationwide Lending offers home owners, and those look to refinance, a variety of different financial options, including, but not limited to: purchase mortgages, refinance loans, reverse mortgage loans, USDA loans, FHA home loans, jumbo mortgage loans, HARP refinance mortgages, and VA loans.

 

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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