Largo VA Loans

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A Largo FL VA loan is a home loan offered by private lenders that are backed by the VA department so that the process of applying for a home loan can become easier for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a Largo Florida VA Home Mortgage?

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

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

Eligibility Requirements for Largo VA Home Loans

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

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

The VA-guaranteed mortgage in Largo is offered only when the home is for personal use of the client. However, the money can be used to purchase the home, develop it or to make changes to it, as per the requirements of the client.

Gathering a COE for Largo VA Mortgage Loans

For the gathering of a COE, in-service members of the armed forces need to have completed specific time amounts of honorable service. On the other hand, the requirement criteria for the spouses of veterans to get a loan is slightly 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 which alive but have been disabled during service.

If you think you are eligible for a Largo 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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