Tallahassee VA Loans

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

Who is Qualified for a Tallahassee Florida VA Mortgage Loan?

There are four types of people who can apply for Tallahassee Florida VA home loans. These are:

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

Eligibility Requirements for Tallahassee Florida VA Loans

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

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

The VA-guaranteed loan is granted only when the home is for personal use of the borrower. However, the money can be used to purchase the house, develop it or to make changes to it, as per the requirements of the borrower.

Gathering a Certification of Eligibility for Tallahassee VA Mortgages

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time amounts of service.

On the contrary, the requirement criteria for the spouses of vets to get a home mortgage is somewhat different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• 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 Tallahassee Florida VA mortgage loancontact 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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