Titusville VA Loans

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A Titusville Florida VA home mortgage is a loan issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of obtaining a home loan can become easier for veterans. The funds are lent by the lenders themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Qualified for a Titusville FL VA Mortgage?

There are four kinds of people who can request Titusville VA loans. These are:

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

Eligibility Requirements for Titusville VA Mortgages

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

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

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

Obtaining a COE for Titusville VA Mortgage Loans

For the obtainment of a COE, service men and women of the armed forces and veterans need to have fulfilled specific time amounts of service. On the contrary, the eligibility criteria for the significant others of veterans to obtain 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 were disabled during service.

If you think you might be eligible for a Titusville Florida VA 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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