Weston VA Loans

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A Weston VA mortgage loan is a home mortgage loan provided by private lenders that are supported by the VA department so that the process of obtaining a home loan can become simpler for vets. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Weston FL VA Home Mortgage Loan?

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

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

Eligibility Requirements for Weston VA Home Loans

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

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

The VA-guaranteed home loan in Weston FL is granted only when the house is for personal use of the borrower. However, the funds can be used to purchase the house, develop it or to make changes to it, as per the needs of the borrower.

Requesting a Certification of Eligibility for Weston VA Home Loans

For the obtainment of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have fulfilled specific time durations of service. On the other hand, the requirement criteria for the spouses of vets to obtain a mortgage loan 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 remarried after reaching the age of 57.
• Spouses of those veterans who are still alive but were disabled during service.

If you think you might be eligible for a Weston Florida VA loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

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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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