Winter Haven VA Loans

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A Winter Haven VA home mortgage loan is a home mortgage loan offered by private lenders that are backed by the VA department so that the process of applying for a mortgage can become simpler for veterans. 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 Qualified for a Winter Haven FL VA Home Mortgage?

There are four kinds of people who can apply for Winter Haven VA home mortgage loans. These are:

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

Qualifying Requirements for Winter Haven VA Loans

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

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

The guarantee by the department of Veterans Affairs mortgage loan in Winter Haven FL is granted only when the home is for personal use of the borrower. However, the funds can be used to purchase the home, develop it or to make improvements in it, as per the requirements of the borrower.

Obtaining a Certification of Eligibility for Winter Haven VA Loans

For the request of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time amounts of honorable service. On the contrary, the eligibility criteria for the significant others of veterans to get a home mortgage loan is slightly different. It includes:

• 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 vets which still alive but were disabled during service.

If you think you might be eligible for a Winter Haven Florida VA loancontact 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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