Jupiter VA Loans

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A Jupiter VA mortgage is a loan offered by private lenders that are backed by the VA department so that the process of getting a mortgage can become simpler for vets. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a Jupiter Florida VA Home Mortgage Loan?

There are four kinds of people who can apply for Jupiter VA home mortgages. These are:

• Veterans who served with the U.S. military.
• Military personnel who are on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Jupiter VA Mortgage Loans

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

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

The VA-guaranteed mortgage in Jupiter is offered only when the home is for personal use of the client. However, the funds can be used to buy the property, build it or to make changes to it, as per the requirements of the client.

Gathering a Certification of Eligibility for Jupiter VA 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 honorable service. On the contrary, the requirement criteria for the spouses of vets to get a mortgage is somewhat different. It consists of:

• 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 vets who are still alive but have been disabled during service.

If you think you are eligible for a Jupiter Florida 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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