Palm Harbor VA Loans

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A Palm Harbor VA mortgage loan is a mortgage loan offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a mortgage loan can become easier for vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

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

There are four kinds of people who can request Palm Harbor VA mortgages. These are:

• Veterans who have served with the U.S. military.
• Military personnel currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Palm Harbor VA Mortgage Loan

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

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

The VA-guaranteed mortgage loan in Palm Harbor Florida is offered only when the house is for individual use of the borrower. However, the funds can be used to buy the property, build it or to make changes to it, as per the requirements of the borrower.

Obtaining a Certification of Eligibility for Palm Harbor VA Mortgage Loans

For the obtainment of a COE, in-service members of the armed forces and veterans need to have fulfilled specific time durations of service. On the other hand, the eligibility criteria for the spouses of veterans to obtain a mortgage loan is somewhat different. It includes:

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

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