Pinellas Park VA Loans

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A Pinellas Park VA mortgage is a loan offered by private lenders that are backed by the VA department so that the process of applying for a mortgage loan can become easier for vets. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Qualified for a Pinellas Park Florida VA Mortgage Loan?

There are four types of people who can request Pinellas Park VA home mortgages. These are:

• Veterans who served with the United States military.
• Military soldiers which are currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Pinellas Park VA Mortgage Loans

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

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

The guarantee by the department of Veterans Affairs loan in Pinellas Park Florida is granted only when the house is for personal use of the borrower. However, the funds can be used to purchase the home, build it or to make improvements in it, as per the requirements of the borrower.

Gathering a Certification of Eligibility for Pinellas Park VA Mortgage 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 contrary, the requirement criteria for the spouses of veterans to get a mortgage is somewhat different. It consists of:

• 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 vets which still alive but were disabled during service.

If you think you might be eligible for a Pinellas Park Florida VA mortgagecontact First Nationwide Lending at (877) 442-4023 for more information today!

 

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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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