Largo VA Loans

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A Largo FL VA home loan is a loan issued by private lenders that are backed by the VA department so that the process of obtaining a home loan can become easier for veterans. The money is then 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 types of people who can apply for Largo VA home mortgage loans. These are:

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

Qualifying Requirements for Largo VA Home Loans

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

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

The guarantee by the VA loan in Largo is offered only when the house is for personal use of the borrower. However, the money can be used to purchase the house, build it or to make changes to it, as per the needs of the borrower.

Gathering a COE for Largo VA Mortgages

For the obtainment of a COE, in-service members of the armed forces and veterans need to have completed specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses 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 MIA or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are alive but were disabled during service.

If you think you are eligible for a Largo 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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