Titusville VA Loans

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

Who is Eligible for a Titusville Florida VA Mortgage?

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

• Veterans who served with the United States armed forces.
• Military soldiers who are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Titusville VA Mortgages

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

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

The VA-guaranteed mortgage in Titusville Florida is offered only when the home is for individual use of the client. However, the money can be used to buy the home, develop it or to make improvements in it, as per the requirements of the client.

Obtaining a Certification of Eligibility for Titusville VA Mortgage Loans

For the gathering of a COE, service men and women of the armed forces need to have completed specific time durations of honorable service. On the other hand, the requirement criteria for the spouses of veterans to obtain a loan is slightly different. It includes:

• Spouses of deceased veterans 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 alive but were disabled during service.

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