Valrico VA Loans

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

Who is Qualified for a Valrico Florida VA Home Mortgage Loan?

There are four types of people who can apply for Valrico VA mortgages. These are:

• Veterans who have served with the United States military.
• Military personnel who are on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Valrico VA Loans

Not all veteran is eligible for a VA 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 VA mortgage loan in Valrico Florida is granted only when the home is for personal use of the client. However, the money can be used to buy the house, develop it or to make changes to it, as per the needs of the client.

Obtaining a Certification of Eligibility for Valrico VA Mortgages

For the request of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time amounts of honorable service. On the other hand, the eligibility criteria for the significant others of veterans to get a home loan is slightly 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 vets who are alive but were disabled during service.

If you think you might be eligible for a Valrico Florida VA home 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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