Titusville VA Loans

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A Titusville VA mortgage loan is a mortgage provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a mortgage loan can become simpler for vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Titusville FL VA Mortgage?

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

• Veterans who have served with the United States armed forces.
• Military men who are on active duty.
• 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 qualify, veterans require:

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

The guarantee by the VA loan in Titusville FL is offered only when the home is for personal use of the client. However, the money can be used to buy the property, develop it or to make improvements in it, as per the requirements of the client.

Requesting a Certification of Eligibility for Titusville VA Home Loans

For the obtainment of a COE, service men and women of the armed forces need to have fulfilled specific time amounts of honorable service. On the other hand, the eligibility criteria for the significant others of veterans to get 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 POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are still alive but have been disabled during service.

If you think you might be 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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