Weston VA Loans

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A Weston FL VA home mortgage loan is a loan issued by private lenders that are backed by the VA department so that the process of applying for a mortgage loan can become simpler for veterans. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Qualified for a Weston Florida VA Home Loan?

There are four types of people who can request Weston VA mortgages. These are:

• Veterans who served with the United States armed forces.
• Military soldiers which are currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Weston VA Mortgage Loans

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

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

The guarantee by the VA mortgage loan in Weston Florida is granted only when the home is for individual use of the client. However, the funds can be used to buy the house, develop it or to make improvements in it, as per the requirements of the client.

Obtaining a COE for Weston VA Mortgages

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time durations of honorable service. On the contrary, the eligibility criteria for the spouses of vets to obtain a home mortgage loan is somewhat different. It consists of:

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

If you think you are eligible for a Weston 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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