Boynton Beach VA Loans

apply-now-today

A Boynton Beach FL VA mortgage loan is a mortgage loan issued by private lenders that are backed by the VA department so that the process of obtaining a home loan can become simpler for vets. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Qualified for a Boynton Beach Florida VA Mortgage?

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

• Veterans who have 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 deceased veterans.

Eligibility Requirements for Boynton Beach VA Home Loans

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

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

The VA-guaranteed mortgage loan in Boynton Beach is offered only when the home is for personal use of the borrower. However, the money can be used to buy the house, develop it or to make improvements in it, as per the needs of the borrower.

Gathering a COE for Boynton Beach VA Loans

For the obtainment of a COE, in-service members of the armed forces and veterans need to have completed specific time durations of service. On the contrary, the eligibility criteria for the significant others of veterans to get a mortgage loan is somewhat different. It consists of:

• 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 who are alive but have been 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

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News