Naples VA Loans

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A Naples FL VA loan is a home mortgage loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage can become simpler for vets. The funds are lent by the mortgage lender themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Eligible for a Naples VA Home Mortgage Loan?

There are four kinds of people who can request Naples FL VA mortgages. These are:

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

Eligibility Requirements for Naples FL VA Mortgages

Not every veteran qualifies for a VA mortgage loan. In order to be eligible, veterans require:

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

The guarantee by the VA home loan is offered only when the home is for individual use of the client. However, the money can be used to purchase the home, build it or to make changes to it, as per the needs of the client.

Gathering a Certification of Eligibility for Naples VA Loans

For the obtainment of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have fulfilled specific time durations of honorable service. On the contrary, the eligibility criteria for the significant others of veterans to get a loan is somewhat different. It consists of:

• 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 who are alive but have been disabled during service.

If you think you might be eligible for a Naples FL VA home mortgagecontact First Nationwide Lending at (877) 442-4023 for more information today!

First Nationwide Lending offers a variety of mortgage programs, including, but not limited to: refinance loans, purchase mortgages, USDA loans,  FHA home loans, jumbo mortgage loans, reverse mortgages, HARP mortgages, and VA loans.

 

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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