Port Charlotte VA Loans

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A Port Charlotte Florida VA mortgage is a home mortgage loan issued by private lenders that are backed by the VA department so that the process of getting a mortgage loan can become easier for vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a Port Charlotte Florida VA Home Mortgage?

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

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

Eligibility Requirements for Port Charlotte VA Loans

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

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

The VA-guaranteed mortgage loan in Port Charlotte Florida is offered only when the house is for personal use of the client. However, the funds can be used to purchase the home, develop it or to make improvements in it, as per the requirements of the client.

Obtaining a COE for Port Charlotte VA Mortgages

For the request of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time durations of service. On the contrary, the requirement criteria for the spouses of veterans to get a mortgage is somewhat 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 remarried after reaching the age of 57.
• Spouses of those veterans which still alive but have been disabled during service.

If you think you might be eligible for a Port Charlotte Florida VA 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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