Wellington VA Loans

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A Wellington VA mortgage is a 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 simpler for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Eligible for a Wellington Florida VA Home Loan?

There are four kinds of people who can request Wellington VA home loans. These are:

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

Eligibility Requirements for Wellington VA Mortgage Loan

Not all veteran qualifies for a VA mortgage loan. In order to be eligible, veterans require:

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

The guarantee by the VA mortgage loan in Wellington Florida is granted only when the home is for personal use of the client. However, the money can be used to purchase the property, develop it or to make changes to it, as per the needs of the client.

Requesting a Certification of Eligibility for Wellington VA Mortgages

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses of vets to obtain a mortgage is somewhat different. It consists of:

• Spouses of deceased veterans 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 are eligible for a Wellington 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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