Coral Springs VA Loans

apply-now-today

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

Who is Qualified for a Coral Springs Florida VA Home Loan?

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

• Veterans who have served with the U.S. armed forces.
• Military personnel which are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Coral Springs VA Mortgage Loan

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

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

The VA-guaranteed mortgage loan in Coral Springs is offered only when the home is for individual use of the borrower. However, the money can be used to purchase the home, build it or to make improvements in it, as per the requirements of the borrower.

Obtaining a COE for Coral Springs VA Loans

For the request of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have completed specific time amounts of honorable service. On the contrary, the eligibility criteria for the significant others of veterans to obtain a loan is somewhat different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of vets who are still alive but were disabled during service.

If you think you might be eligible for a Coral Springs Florida VA loanscontact 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