Pinellas Park VA Loans

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A Pinellas Park FL VA home mortgage is a mortgage loan issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of obtaining a home mortgage 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 clients among the veterans.

Who is Eligible for a Pinellas Park Florida VA Home Mortgage?

There are four kinds of people who can request Pinellas Park VA loans. These are:

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

Qualifying Requirements for Pinellas Park VA Mortgage Loans

Not all veteran qualifies for a VA loan. 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 VA home loan in Pinellas Park Florida is granted only when the home is for individual use of the client. However, the funds can be used to purchase the property, build it or to make changes to it, as per the requirements of the client.

Obtaining a COE for Pinellas Park VA Loans

For the gathering of a COE, service men and women of the armed forces need to have completed specific time durations of honorable service. On the other hand, the requirement criteria for the spouses of veterans to obtain a home mortgage is somewhat different. It consists of:

• Spouses of veterans that are now deceased 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 Pinellas Park 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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