LeHigh Acres VA Loans

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A LeHigh Acres FL VA home loan is a home mortgage loan issued 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 simpler for veterans. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Qualified for a LeHigh Acres Florida VA Loan?

There are four types of people who can apply for LeHigh Acres VA home mortgages. These are:

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

Qualifying Requirements for LeHigh Acres VA Home Loans

Not all veteran qualifies 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 guarantee by the department of Veterans Affairs home loan in LeHigh Acres is granted only when the home is for personal use of the borrower. However, the money can be used to buy the home, develop it or to make improvements in it, as per the needs of the borrower.

Requesting a Certification of Eligibility for LeHigh Acres VA Mortgage Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time amounts of service. On the contrary, the requirement criteria for the significant others of veterans to obtain a home loan is slightly different. It includes:

• Spouses of veterans that are now deceased 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 those veterans which still alive but have been disabled during service.

If you think you are eligible for a LeHigh Acres 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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