Gainesville VA Loans

apply-now-today

A Gainesville FL VA home mortgage is a mortgage provided by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home loan can become easier 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 Gainesville VA Home Loan?

There are four types of people who can request Gainesville VA loans. These are:

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

Eligibility Requirements for Gainesville VA Mortgage Loans

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

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

The guarantee by the VA mortgage is granted only when the house is for individual use of the borrower. However, the money can be used to purchase the house, develop it or to make changes to it, as per the requirements of the borrower.

Requesting a Certification of Eligibility for Gainesville VA Mortgage Loans

For the obtainment of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have completed specific time amounts of service. On the other hand, the eligibility criteria for the significant others of veterans to obtain a home mortgage is somewhat different. It consists of:

• 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 might be eligible for a Gainesville VA home mortgagecontact 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

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News