Plantation VA Loans

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A Plantation FL VA home mortgage loan is a home loan issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a mortgage loan can become simpler for veterans. The funds are lent by the lenders themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

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

There are four types of people who can request Plantation VA mortgage loans. These are:

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

Qualifying Requirements for Plantation VA Mortgages

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

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

The VA-guaranteed home loan in Plantation FL is offered only when the home is for personal use of the borrower. However, the money can be used to purchase the house, develop it or to make improvements in it, as per the needs of the borrower.

Gathering a Certification of Eligibility for Plantation VA Mortgages

For the request of a COE, in-service members of the armed forces need to have fulfilled specific time durations of honorable service. On the contrary, the requirement criteria for the spouses of veterans to obtain a home mortgage loan is slightly different. It consists of:

• 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 vets which still alive but have been disabled during service.

If you think you might be eligible for a Plantation Florida VA mortgage loancontact 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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