Valrico VA Loans

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

Who is Eligible for a Valrico FL VA Mortgage Loan?

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

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

Qualifying Requirements for Valrico VA Mortgage Loans

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

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

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

Requesting a Certification of Eligibility for Valrico VA Home Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have completed specific time amounts of honorable service. On the contrary, the eligibility criteria for the spouses of veterans to get a home mortgage is slightly different. It consists of:

• Spouses of veterans that are now deceased 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 mortgage 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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