Saint Petersburg VA Loans

apply-now-today

A Saint Petersburg Florida VA mortgage loan is a loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage loan can become easier for vets. The actual money is 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 home loans. These are:

• Veterans who have served with the U.S. military.
• Military men 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 Mortgages

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

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

The VA-guaranteed home loan is granted only when the house is for individual use of the borrower. However, the money can be used to purchase the home, build it or to make improvements in it, as per the requirements of the client.

Gathering a COE for St Petersburg VA Loans

For the obtainment of a COE, in-service members of the armed forces and veterans need to have completed specific time amounts of service.

On the contrary, the eligibility criteria for the spouses of veterans to obtain a mortgage loan 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 might be eligible for a Saint Petersburg Florida VA mortgage loancontact 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