Naples VA Loans

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A Naples VA home mortgage loan is a home mortgage loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a mortgage can become easier for veterans. The actual money is lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Naples VA Mortgage?

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

• Veterans who served with the U.S. military.
• Military men and woman who are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Naples VA Home Loans

Not all veteran is eligible for a VA loan. In order to be eligible, veterans require:

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

The guarantee by the VA mortgage is offered only when the home is for individual use of the client. However, the money can be used to buy the home, build it or to make improvements in it, as per the requirements of the client.

Obtaining a Certification of Eligibility for Naples VA Home Loans

For the request 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 eligibility criteria for the significant others of veterans to obtain a home mortgage loan is slightly different. It consists of:

• 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 might be eligible for a Naples VA loancontact 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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