Titusville VA Loans

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A Titusville Florida VA mortgage loan is a mortgage issued by private lenders that are supported by the VA department so that the process of getting a mortgage can become easier for vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Qualified for a Titusville FL VA Mortgage?

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

• Veterans who have served with the U.S. armed forces.
• Military personnel which.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Titusville VA Mortgages

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

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

The guarantee by the department of Veterans Affairs home loan in Titusville FL is granted only when the home is for individual use of the client. However, the money can be used to purchase the property, develop it or to make changes to it, as per the requirements of the client.

Gathering a COE for Titusville VA Mortgages

For the gathering of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have fulfilled specific time amounts of honorable service. On the contrary, the eligibility criteria for the significant others of veterans to obtain a mortgage loan is slightly different. It includes:

• Spouses of veterans that are now deceased 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 who are still alive but have been disabled during service.

If you think you are eligible for a Titusville Florida 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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