North Port VA Loans

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A North Port Florida VA mortgage loan is a mortgage loan offered by private lenders that are backed by the VA department so that the process of applying for a home loan can become simpler 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 North Port Florida VA Mortgage?

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

• Veterans who served with the United States armed forces.
• Military men and woman who are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for North Port VA Mortgage Loans

Not every veteran is eligible for a VA home loan. In order qualify, veterans require:

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

The guarantee by the department of Veterans Affairs mortgage in North Port is offered only when the house is for individual use of the client. However, the funds can be used to buy the house, build it or to make improvements in it, as per the needs of the client.

Requesting a Certification of Eligibility for North Port VA Mortgages

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have fulfilled specific time durations of service. On the contrary, the requirement criteria for the significant others of veterans to get a mortgage loan is somewhat different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but were disabled during service.

If you think you might be eligible for a North Port Florida VA home 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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