Boynton Beach VA Loans

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A Boynton Beach Florida VA home loan is a home mortgage loan issued 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 simpler for vets. The actual money is 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 Home Mortgage Loan?

There are four kinds of people who can apply for Boynton Beach VA mortgages. These are:

• Veterans who served with the United States armed forces.
• Military men and woman who are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Boynton Beach VA Mortgages

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

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

The VA-guaranteed mortgage loan in Boynton Beach is granted only when the home is for personal use of the client. However, the money can be used to buy the house, build it or to make changes to it, as per the requirements of the client.

Requesting a COE for Boynton Beach VA Mortgages

For the request of a Certificate of Eligibility, 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 significant others of veterans to obtain a home loan is somewhat different. It includes:

• 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 have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but have been disabled during service.

If you think you might be eligible for a Boynton Beach Florida VA mortgage loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

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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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