Sunrise VA Loans

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A Sunrise FL VA mortgage is a home mortgage loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a home mortgage loan can become easier for vets. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Eligible for a Sunrise FL VA Home Mortgage?

There are four kinds of people who can request Sunrise FL VA mortgages. These are:

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

Qualifying Requirements for Sunrise FL VA Home Loans

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

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

The VA-guaranteed loan is offered only when the house is for individual use of the borrower. However, the funds can be used to buy the house, develop it or to make improvements in it, as per the needs of the client.

Gathering a Certification of Eligibility for Sunrise FL VA Mortgages

For the request of a COE, in-service members of the armed forces need to have fulfilled specific time durations of honorable service. On the contrary, the eligibility criteria for the spouses of vets to obtain a mortgage is somewhat different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA 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 Sunrise FL VA loanscontact 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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