Miramar VA Loans

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

Who is Qualified for a Miramar Florida VA Home Loan?

There are four types of people who can request Miramar Florida VA loans. These are:

• Veterans who have 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.

Eligibility Requirements for Miramar Florida VA Mortgage Loans

Not all 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 department of Veterans Affairs mortgage is granted only when the home is for individual use of the borrower. However, the money can be used to purchase the property, build it or to make improvements in it, as per the needs of the borrower.

Gathering a COE for Miramar Florida VA Loans

For the gathering of a COE, service men and women of the armed forces need to have completed specific time durations of honorable service. On the other hand, the eligibility criteria for the significant others of veterans to get a home mortgage 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 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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