Palm Harbor VA Loans

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A Palm Harbor VA mortgage is a loan provided by private lenders that are backed by the VA department so that the process of applying for a mortgage can become simpler for vets. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Palm Harbor Florida VA Loan?

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

• Veterans who have served with the U.S. armed forces.
• Military personnel which are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Palm Harbor VA Mortgage Loans

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

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

The guarantee by the department of Veterans Affairs mortgage in Palm Harbor Florida is offered only when the house is for personal use of the client. However, the funds can be used to buy the home, build it or to make improvements in it, as per the requirements of the client.

Gathering a COE for Palm Harbor VA Home Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces need to have fulfilled specific time durations of honorable service. On the contrary, the eligibility criteria for the spouses of vets to get a mortgage 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 prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which still alive but were disabled during service.

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