Boynton Beach VA Loans

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A Boynton Beach VA home loan is a loan offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a home loan can become easier for vets. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Qualified for a Boynton Beach Florida VA Mortgage?

There are four types of people who can request Boynton Beach VA home loans. These are:

• Veterans who served with the U.S. military.
• Military men who are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Boynton Beach VA Mortgage Loan

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

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

The guarantee by the VA loan in Boynton Beach is granted only when the home is for individual use of the client. However, the money can be used to purchase the house, build it or to make improvements in it, as per the needs of the client.

Requesting a COE for Boynton Beach VA Loans

For the request of a Certificate of Eligibility, in-service members of the armed forces need to have fulfilled specific time durations of service. On the contrary, the eligibility criteria for the significant others of veterans to obtain a home loan is slightly different. It consists of:

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

If you think you are eligible for a Boynton Beach 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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