North Port VA Loans

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A North Port FL VA mortgage is a home mortgage loan issued 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 money is then lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a North Port Florida VA Home Loan?

There are four kinds of people who can request North Port VA home loans. These are:

• Veterans who have served with the United States military.
• Military men who are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for North Port VA Mortgage Loans

Not every veteran qualifies for a VA mortgage. In order qualify, veterans require:

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

The VA-guaranteed loan in North Port is granted only when the home is for personal use of the client. However, the funds can be used to purchase the property, build it or to make improvements in it, as per the requirements of the client.

Obtaining a COE for North Port VA Mortgage Loans

For the request of a COE, in-service members of the armed forces and veterans need to have fulfilled specific time amounts of honorable service. On the other hand, the requirement criteria for the spouses of veterans to get a mortgage is slightly different. It includes:

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

If you think you are 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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