Deerfield Beach VA Loans

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A Deerfield Beach FL VA home mortgage loan is a home mortgage loan provided by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a home mortgage loan can become easier for veterans. The funds are lent by the lenders themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Eligible for a Deerfield Beach Florida VA Mortgage Loan?

There are four kinds of people who can request Deerfield Beach VA mortgages. These are:

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

Eligibility Requirements for Deerfield Beach VA Mortgage Loans

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

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

The guarantee by the department of Veterans Affairs mortgage in Deerfield Beach is granted only when the home is for personal use of the client. However, the funds can be used to buy the house, develop it or to make changes to it, as per the requirements of the client.

Requesting a COE for Deerfield Beach VA Mortgages

For the request of a COE, in-service members of the armed forces and veterans need to have completed specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses of vets to obtain a home mortgage loan is slightly 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 remarried after reaching the age of 57.
• Spouses of vets who are still alive but were disabled during service.

If you think you are eligible for a Deerfield Beach Florida VA loanscontact 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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