Palm Harbor VA Loans

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A Palm Harbor VA home mortgage loan is a mortgage issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of obtaining a mortgage loan can become simpler for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Qualified for a Palm Harbor Florida VA Home Loan?

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

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

Qualifying Requirements for Palm Harbor VA Mortgage Loans

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

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

The guarantee by the VA mortgage in Palm Harbor Florida is offered only when the home is for individual use of the borrower. However, the money can be used to buy the house, build it or to make changes to it, as per the needs of the borrower.

Obtaining a COE for Palm Harbor VA Mortgage Loans

For the obtainment of a COE, service men and women of the armed forces need to have completed specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses of veterans to obtain a home mortgage loan is somewhat 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 still alive but have been disabled during service.

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