Wesley Chapel VA Loans

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A Wesley Chapel VA home mortgage is a loan offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home mortgage loan can become simpler for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Wesley Chapel Florida VA Mortgage Loan?

There are four types of people who can request Wesley Chapel VA home mortgages. These are:

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

Qualifying Requirements for Wesley Chapel VA Home Loans

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

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

The guarantee by the VA mortgage in Wesley Chapel Florida is offered only when the home is for personal use of the client. However, the money can be used to purchase the house, develop it or to make improvements in it, as per the requirements of the client.

Obtaining a Certification of Eligibility for Wesley Chapel VA Mortgages

For the gathering of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have fulfilled specific time durations of honorable service. On the contrary, the requirement criteria for the spouses of vets to obtain a home mortgage is slightly different. It includes:

• 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 have remarried after reaching the age of 57.
• Spouses of vets which still alive but were disabled during service.

If you think you might be eligible for a Wesley Chapel 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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