Plantation VA Loans

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A Plantation FL VA home mortgage is a mortgage offered by private lenders that are backed by the VA department so that the process of applying for a mortgage can become easier for veterans. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Qualified for a Plantation FL VA Home Mortgage Loan?

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

• Veterans who have served with the U.S. armed forces.
• Military men and woman which are on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Plantation VA Mortgage Loans

Not every veteran qualifies for a VA mortgage 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 loan in Plantation FL is granted only when the house is for personal use of the borrower. However, the money can be used to purchase the property, develop it or to make improvements in it, as per the needs of the borrower.

Obtaining a Certification of Eligibility for Plantation VA Home Loans

For the request of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have fulfilled specific time amounts of honorable service. On the other hand, the requirement criteria for the significant others of veterans to obtain a home mortgage is slightly different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but were disabled during service.

If you think you are eligible for a Plantation 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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