Tallahassee VA Loans

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A Tallahassee FL VA home mortgage is a mortgage loan offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home loan can become easier for veterans. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Eligible for a Tallahassee FL VA Home Mortgage Loan?

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

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

Qualifying Requirements for Tallahassee FL VA Home Loans

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

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

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

Gathering a COE for Tallahassee VA Mortgage Loans

For the obtainment of a COE, in-service members of the armed forces and veterans need to have fulfilled specific time amounts of honorable service.

On the other hand, the requirement criteria for the significant others of veterans to obtain a home mortgage is slightly different. It includes:

• Spouses of deceased veterans 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 Tallahassee FL 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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