Deerfield Beach VA Loans

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A Deerfield Beach VA home mortgage loan is a home mortgage loan offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a mortgage loan can become easier for vets. The funds are lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Qualified for a Deerfield Beach Florida VA Loan?

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

• Veterans who have served with the United States military.
• Military soldiers who are currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Deerfield Beach VA Mortgage Loan

Not every veteran is eligible for a VA loan. In order qualify, veterans require:

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

The guarantee by the VA loan in Deerfield Beach is offered only when the home is for personal use of the borrower. However, the money can be used to purchase the house, develop it or to make changes to it, as per the requirements of the borrower.

Gathering a Certification of Eligibility for Deerfield Beach VA Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have completed specific time durations of honorable service. On the other hand, the eligibility criteria for the significant others of veterans to obtain a home mortgage loan is somewhat different. It consists of:

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

If you think you might be eligible for a Deerfield Beach Florida VA home 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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