Naples VA Loans

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A Naples FL VA home mortgage is a loan offered by private lenders that are backed by the VA department so that the process of getting a mortgage can become simpler for veterans. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Naples VA Home Loan?

There are four types of people who can request Naples FL VA home mortgage loans. These are:

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

Qualifying Requirements for Naples FL VA Loans

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

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

The guarantee by the department of Veterans Affairs home loan is granted only when the home is for individual use of the client. However, the funds can be used to purchase the home, build it or to make changes to it, as per the requirements of the client.

Gathering a COE for Naples VA Mortgage Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have completed specific time durations of honorable service. On the contrary, the requirement criteria for the significant others of veterans to obtain a home mortgage is slightly different. It consists of:

• Spouses of deceased veterans 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 are eligible for a Naples FL VA mortgage 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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