Coconut Creek VA Loans

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A Coconut Creek FL VA loan is a home mortgage loan issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a mortgage loan can become simpler for vets. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Coconut Creek Florida VA Home Loan?

Coconut Creek
• Veterans who have served with the United States armed forces.
• Military men and woman who are currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Coconut Creek VA Loans

Not all veteran is eligible for a VA mortgage. 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 Coconut Creek is offered only when the home is for personal use of the borrower. However, the funds can be used to buy the home, develop it or to make changes to it, as per the needs of the borrower.

Gathering a Certification of Eligibility for Coconut Creek VA Home Loans

For the request of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have fulfilled specific time durations of honorable service. On the other hand, the eligibility criteria for the significant others of veterans to obtain a loan is somewhat different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are still alive but have been disabled during service.

If you think you might be eligible for a Coconut Creek 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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