Coral Springs VA Loans

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A Coral Springs VA home mortgage is a home mortgage loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a home mortgage loan can become simpler for vets. The actual money is lent by the lenders themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a Coral Springs Florida VA Mortgage?

There are four kinds of people who can apply for Coral Springs VA home mortgages. These are:

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

Eligibility Requirements for Coral Springs VA Home Loans

Not all veteran qualifies 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 loan in Coral Springs is offered only when the house is for individual use of the borrower. However, the money can be used to buy the home, develop it or to make improvements in it, as per the needs of the borrower.

Requesting a Certification of Eligibility for Coral Springs VA Home Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have fulfilled specific time durations of service. On the other hand, the requirement criteria for the significant others of veterans to obtain a home mortgage 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 remarried after reaching the age of 57.
• Spouses of vets which alive but were disabled during service.

If you think you are eligible for a Coral Springs Florida VA mortgagecontact 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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