Spring Hill VA Loans

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A Spring Hill VA mortgage loan is a mortgage loan issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a mortgage can become simpler for vets. The money is then lent by the lenders themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Eligible for a Spring Hill FL VA Home Mortgage Loan?

There are four types of people who can request Spring Hill VA mortgages. These are:

• Veterans who served with the United States armed forces.
• Military men and woman 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 all veteran qualifies 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 guarantee by the VA mortgage loan in Spring Hill FL is granted only when the home is for personal use of the borrower. However, the money can be used to purchase the property, build it or to make improvements in it, as per the needs of the borrower.

Requesting a Certification of Eligibility for Spring Hill VA Mortgages

For the request of a COE, in-service members of the armed forces need to have fulfilled specific time amounts of service. On the other hand, the eligibility criteria for the spouses of vets to obtain a mortgage loan is slightly different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are alive but were disabled during service.

If you think you are 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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