Wesley Chapel VA Loans

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A Wesley Chapel FL VA home loan is a mortgage issued by private lenders that are supported by the VA department so that the process of getting a home loan can become easier for vets. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Wesley Chapel Florida VA Home Loan?

There are four kinds of people who can apply for Wesley Chapel VA mortgage loans. These are:

• Veterans who have served with the U.S. military.
• Military soldiers which are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Wesley Chapel VA Home Loans

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

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

The guarantee by the department of Veterans Affairs loan in Wesley Chapel Florida is granted only when the home is for individual use of the borrower. However, the money can be used to buy the home, build it or to make improvements in it, as per the requirements of the borrower.

Obtaining a COE for Wesley Chapel VA Mortgages

For the gathering of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time durations of service. On the other hand, the eligibility criteria for the spouses of veterans to get a home loan is somewhat different. It includes:

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

If you think you might be eligible for a Wesley Chapel 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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