Lakeland VA Loans

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A Lakeland VA home loan is a mortgage loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining 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 locating reliable clients among the veterans.

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

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

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

Qualifying Requirements for Lakeland VA Loans

Not all veteran qualifies for a VA loan. In order to be eligible, veterans require:

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

The guarantee by the VA mortgage loan in Lakeland is granted only when the home is for individual use of the client. However, the money can be used to purchase the home, build it or to make improvements in it, as per the needs of the client.

Requesting a COE for Lakeland VA Mortgage Loans

For the gathering of a COE, service men and women of the armed forces and veterans need to have completed specific time amounts of service. On the other hand, the requirement criteria for the spouses of vets to obtain a home loan is somewhat different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans who are alive but were disabled during service.

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