Coral Springs VA Loans

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A Coral Springs Florida VA mortgage is a home loan issued by private lenders that are backed by the VA department so that the process of getting a home loan can become easier for veterans. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Eligible for a Coral Springs Florida VA Mortgage?

There are four kinds of people who can request Coral Springs VA loans. These are:

• Veterans who served with the United States armed forces.
• Military soldiers who are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Coral Springs VA Home Loans

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

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

The guarantee by the VA home loan in Coral Springs is granted only when the house is for individual use of the client. However, the money can be used to buy the property, build it or to make improvements in it, as per the needs of the client.

Requesting a COE for Coral Springs VA Loans

For the request of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have completed specific time amounts of honorable service. On the contrary, the eligibility criteria for the spouses of veterans to obtain a mortgage is slightly different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which still alive but have been disabled during service.

If you think you are eligible for a Coral Springs 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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