Spring Hill VA Loans

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A Spring Hill Florida VA loan is a mortgage loan 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 simpler for vets. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Qualified for a Spring Hill Florida VA Home Mortgage Loan?

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

• Veterans who served with the United States armed forces.
• Military men which are currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Spring Hill VA Home Loans

Not every veteran qualifies for a VA mortgage loan. In order qualify, veterans require:

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

The VA-guaranteed loan in Spring Hill Florida is offered only when the house is for individual use of the client. However, the money can be used to buy the house, develop it or to make changes to it, as per the requirements of the client.

Gathering a COE for Spring Hill VA Mortgage Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have completed specific time amounts of service. On the other hand, the requirement criteria for the spouses of vets to obtain a loan is somewhat different. It consists of:

• 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 which still alive but were disabled during service.

If you think you might be eligible for a Spring Hill Florida VA 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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