Port Charlotte VA Loans

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A Port Charlotte Florida VA home loan is a home mortgage loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a mortgage loan can become easier for vets. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Port Charlotte FL VA Mortgage Loan?

There are four types of people who can apply for Port Charlotte VA mortgage loans. These are:

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

Eligibility Requirements for Port Charlotte VA Mortgage Loans

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

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

The VA-guaranteed mortgage loan in Port Charlotte FL is granted only when the house is for individual use of the client. However, the funds can be used to purchase the home, build it or to make changes to it, as per the requirements of the client.

Obtaining a COE for Port Charlotte VA Home Loans

For the gathering of a COE, service men and women of the armed forces and veterans need to have fulfilled specific time durations of honorable service. On the other hand, the requirement criteria for the spouses of vets to get a home 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 alive but were disabled during service.

If you think you are eligible for a Port Charlotte Florida VA mortgage 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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