Wellington VA Loans

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A Wellington Florida VA loan is a mortgage provided by private lenders that are backed by the VA department so that the process of obtaining a mortgage can become easier for vets. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Eligible for a Wellington Florida VA Loan?

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

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

Qualifying Requirements for Wellington VA Loans

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

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

The VA-guaranteed loan in Wellington Florida is offered only when the home is for individual use of the borrower. However, the funds can be used to buy the property, build it or to make changes to it, as per the requirements of the borrower.

Requesting a COE for Wellington VA Mortgage Loans

For the request of a COE, in-service members of the armed forces and veterans need to have completed specific time durations of honorable service. On the contrary, the requirement criteria for the significant others of veterans to get a loan is slightly different. It consists of:

• Spouses of deceased veterans 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 vets which alive but were disabled during service.

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