Miramar VA Loans

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A Miramar VA home loan is a mortgage offered by private lenders that are supported by the VA department so that the process of obtaining a home mortgage loan can become simpler for vets. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Miramar VA Home Mortgage?

There are four types of people who can apply for Miramar VA loans. These are:

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

Qualifying Requirements for Miramar VA Mortgage Loan

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

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

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

Gathering a COE for Miramar VA Home Loans

For the gathering of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have completed specific time amounts of honorable service. On the other hand, the eligibility criteria for the spouses 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 MIA or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but have been disabled during service.

If you think you are eligible for a Miramar 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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