Miramar VA Loans

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A Miramar VA mortgage is a home loan issued by private lenders that are supported by the VA department so that the process of getting a mortgage can become easier for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Eligible for a Miramar VA Home Mortgage Loan?

There are four kinds of people who can request Miramar VA home mortgages. These are:

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

Qualifying Requirements for Miramar VA Mortgages

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

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

The guarantee by the VA home loan is granted only when the home is for personal use of the borrower. However, the money can be used to buy the property, build it or to make changes to it, as per the needs of the borrower.

Obtaining a COE for Miramar 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 other hand, the eligibility criteria for the spouses of vets to get a mortgage is slightly different. It includes:

• Spouses of deceased veterans 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 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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