Winter Haven VA Loans

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A Winter Haven Florida VA mortgage is a home loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a home mortgage loan can become easier for vets. The actual money is lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Winter Haven FL VA Home Mortgage Loan?

There are four kinds of people who can request Winter Haven VA home mortgages. These are:

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

Qualifying Requirements for Winter Haven VA Loans

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

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

The guarantee by the VA mortgage in Winter Haven FL is offered only when the home is for personal use of the client. However, the money can be used to purchase the home, develop it or to make improvements in it, as per the needs of the client.

Gathering a Certification of Eligibility for Winter Haven VA Mortgage Loans

For the obtainment of a COE, 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 mortgage 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 prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets which alive but have been disabled during service.

If you think you are eligible for a Winter Haven 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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