Lakeland VA Loans

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A Lakeland Florida VA home mortgage loan is a mortgage loan provided by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of obtaining a home mortgage loan can become easier for vets. The actual money is lent by the lenders themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Qualified for a Lakeland Florida VA Home Mortgage Loan?

There are four types of people who can apply for Lakeland VA loans. These are:

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

Qualifying Requirements for Lakeland VA Home Loans

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

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

The VA-guaranteed mortgage in Lakeland is granted only when the house is for individual use of the client. However, the funds can be used to buy the house, build it or to make changes to it, as per the needs of the client.

Obtaining a COE for Lakeland VA Home Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces need to have fulfilled specific time amounts of service. On the other hand, the requirement criteria for the spouses of vets to get a home mortgage loan is somewhat different. It consists of:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are still alive but were disabled during service.

If you think you might be eligible for a Lakeland Florida VA 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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