Spring Hill VA Loans

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A Spring Hill FL VA home mortgage is a home mortgage loan offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a home loan can become easier for veterans. The actual money is lent by the lenders themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Eligible for a Spring Hill Florida VA Mortgage Loan?

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

• Veterans who served with the United States armed forces.
• Military men which are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Spring Hill VA Mortgages

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

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

The guarantee by the department of Veterans Affairs mortgage loan in Spring Hill Florida is offered only when the house is for individual use of the client. However, the funds can be used to buy the property, develop it or to make improvements in it, as per the needs of the client.

Gathering a COE for Spring Hill VA Loans

For the obtainment of a COE, service men and women 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 vets to obtain a home mortgage is slightly different. It consists of:

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

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