Valrico VA Loans

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A Valrico VA loan is a home mortgage loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a mortgage can become easier for vets. The actual money is 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 Valrico FL VA Loan?

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

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

Qualifying Requirements for Valrico VA Home Loans

Not all 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 home loan in Valrico FL is offered only when the house is for personal use of the client. However, the money can be used to buy the home, build it or to make changes to it, as per the needs of the client.

Obtaining a Certification of Eligibility for Valrico VA Home Loans

For the request of a COE, service men and women of the armed forces and veterans need to have completed specific time durations of honorable service. On the other hand, the eligibility criteria for the spouses of vets to obtain a loan is somewhat different. It consists of:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans which alive but have been disabled during service.

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