Palm Harbor VA Loans

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

Who is Eligible for a Palm Harbor FL VA Home Loan?

There are four kinds of people who can apply for Palm Harbor VA home mortgage loans. These are:

• Veterans who have served with the United States armed forces.
• Military personnel who are on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Palm Harbor VA Mortgage Loans

Not all veteran qualifies for a VA loan. In order qualify, veterans require:

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

The guarantee by the department of Veterans Affairs mortgage in Palm Harbor FL is offered only when the home is for individual use of the borrower. However, the money can be used to purchase the home, build it or to make changes to it, as per the requirements of the borrower.

Gathering a Certification of Eligibility for Palm Harbor VA Loans

For the obtainment of a COE, service men and women 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 home mortgage loan is slightly different. It includes:

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

If you think you might be eligible for a Palm Harbor Florida VA 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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