Sunrise VA Loans

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A Sunrise FL VA home loan is a loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a home mortgage loan can become simpler for veterans. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable borrowers 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 mortgage loans. These are:

• Veterans who have served with the U.S. military.
• Military personnel who are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Sunrise FL VA Mortgages

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

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

The VA-guaranteed mortgage is offered only when the home is for personal use of the borrower. However, the funds can be used to buy the house, develop it or to make changes to it, as per the requirements of the borrower.

Obtaining a Certification of Eligibility for Sunrise FL VA Mortgage Loans

For the request of a COE, service men and women of the armed forces need to have fulfilled specific time durations of service. On the contrary, the eligibility criteria for the spouses of veterans to get a home loan is somewhat different. It includes:

• Spouses of deceased veterans 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 are eligible for a Sunrise FL VA home 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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