Lakeland VA Loans

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

Who is Qualified for a Lakeland Florida VA Home Loan?

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

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

Qualifying Requirements for Lakeland VA Home Loans

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

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

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

Obtaining a Certification of Eligibility for Lakeland VA Mortgages

For the obtainment of a COE, service men and women of the armed forces and veterans need to have completed specific time durations of service. On the contrary, the eligibility criteria for the significant others of veterans to obtain a home loan is somewhat different. It consists of:

• Spouses of deceased veterans 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 vets which alive but were disabled during service.

If you think you are eligible for a Lakeland 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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