Pinellas Park VA Loans

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A Pinellas Park VA mortgage loan is a home loan provided by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage loan can become simpler for veterans. The actual money is lent by the lenders themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

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

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

• Veterans who have served with the U.S. military.
• Military personnel currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Pinellas Park VA Home Loans

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

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

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

Requesting a Certification of Eligibility for Pinellas Park VA Mortgage Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time amounts of honorable service. On the other hand, the eligibility criteria for the spouses of vets to obtain a mortgage loan is slightly different. It includes:

• Spouses of veterans that are now deceased 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 Pinellas Park Florida VA mortgagecontact 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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