Plantation VA Loans

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A Plantation FL VA mortgage loan is a home mortgage loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining 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 locating reliable borrowers among the veterans.

Who is Eligible for a Plantation FL VA Home Loan?

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

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

Qualifying Requirements for Plantation VA Loans

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

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

The guarantee by the department of Veterans Affairs loan in Plantation FL is offered only when the home is for individual use of the client. However, the money can be used to purchase the home, develop it or to make improvements in it, as per the requirements of the client.

Gathering a Certification of Eligibility for Plantation VA Mortgage 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 durations of honorable service. On the contrary, the requirement criteria for the significant others of veterans to get a mortgage loan is somewhat 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 remarried after reaching the age of 57.
• Spouses of those veterans who are alive but have been disabled during service.

If you think you are eligible for a Plantation Florida VA home 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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