Wellington VA Loans

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A Wellington Florida VA home mortgage loan is a mortgage loan issued by private lenders that are supported by the VA department so that the process of applying for a 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 finding reliable clients among the veterans.

Who is Eligible for a Wellington Florida VA Home Mortgage Loan?

There are four kinds of people who can apply for Wellington VA home mortgages. These are:

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

Qualifying Requirements for Wellington VA Home Loans

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

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

The guarantee by the department of Veterans Affairs home loan in Wellington Florida is offered only when the house is for individual use of the borrower. However, the funds can be used to purchase the home, build it or to make changes to it, as per the requirements of the borrower.

Requesting a Certification of Eligibility for Wellington VA Loans

For the request 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 home mortgage loan is somewhat 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 POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans who are still alive but were disabled during service.

If you think you are eligible for a Wellington 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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