Saint Petersburg VA Loans

apply-now-today

A Saint Petersburg Florida VA mortgage is a mortgage issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home mortgage loan can become easier for veterans. The funds are lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Saint Petersburg Florida VA Home Loan?

There are four kinds of people who can request Saint Petersburg Florida VA loans. These are:

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

Eligibility Requirements for Saint Petersburg Florida VA Loans

Not every veteran is eligible for a VA loan. In order qualify, 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 is granted 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 changes to it, as per the requirements of the client.

Obtaining a Certification of Eligibility for St Petersburg VA Mortgage Loans

For the obtainment of a COE, service men and women of the armed forces need to have completed specific time amounts of honorable service.

On the other hand, the requirement criteria for the significant others of veterans to get a mortgage is somewhat different. It includes:

• Spouses of veterans that are now deceased 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 have been disabled during service.

If you think you are eligible for a Saint Petersburg Florida VA mortgagecontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News