Wesley Chapel VA Loans

apply-now-today

A Wesley Chapel FL VA loan is a home loan offered by private lenders that are backed by the VA department so that the process of obtaining a home loan can become easier for veterans. The funds are lent by the mortgage companies 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 Mortgage?

There are four kinds of people who can request Wesley Chapel VA loans. These are:

• Veterans who have served with the U.S. military.
• Military men 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 Mortgage Loan

Not every veteran qualifies for a VA home 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 VA mortgage in Wesley Chapel Florida is granted only when the house is for personal use of the client. However, the money can be used to purchase the house, develop it or to make changes to it, as per the requirements of the client.

Gathering a Certification of Eligibility for Wesley Chapel VA Mortgage Loans

For the request of a COE, service men and women of the armed forces need to have completed specific time durations of 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 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 those veterans which alive but were disabled during service.

If you think you are eligible for a Wesley Chapel Florida VA mortgagecontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News