Winter Haven VA Loans

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A Winter Haven FL VA mortgage is a home mortgage loan issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home loan can become simpler for vets. The funds are 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 Winter Haven Florida VA Home Mortgage Loan?

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

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

Qualifying Requirements for Winter Haven VA Mortgage Loans

Not every veteran is eligible for a VA 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 department of Veterans Affairs mortgage in Winter Haven Florida is offered only when the house is for individual use of the client. However, the money can be used to buy the home, build it or to make improvements in it, as per the requirements of the client.

Requesting a COE for Winter Haven VA Loans

For the obtainment of a COE, in-service members of the armed forces need to have fulfilled specific time amounts of honorable service. On the contrary, the eligibility criteria for the spouses of vets to get a mortgage is slightly different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans which still alive but were disabled during service.

If you think you are eligible for a Winter Haven Florida VA home 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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