Plant City VA Loans

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A Plant City VA home loan is a loan offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage can become simpler for veterans. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Qualified for a Plant City Florida VA Loan?

There are four kinds of people who can request Plant City VA mortgage loans. These are:

• Veterans who served with the United States military.
• Military personnel who are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Plant City VA Loans

Not all veteran is eligible for a VA home loan. In order qualify, veterans require:

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

The guarantee by the VA home loan in Plant City Florida is offered only when the home is for individual use of the borrower. However, the money can be used to purchase the house, build it or to make improvements in it, as per the requirements of the borrower.

Requesting a COE for Plant City VA Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time durations of service. On the contrary, the requirement criteria for the spouses of veterans to obtain a home loan 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 prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are alive but were disabled during service.

If you think you might be eligible for a Plant City Florida VA 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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