Deerfield Beach VA Loans

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A Deerfield Beach VA home mortgage loan is a mortgage issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a mortgage can become easier for veterans. The money is then 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 Deerfield Beach Florida VA Home Mortgage Loan?

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

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

Qualifying Requirements for Deerfield Beach VA Loans

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

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

The guarantee by the VA loan in Deerfield Beach is granted only when the home is for individual use of the client. However, the money can be used to purchase the house, develop it or to make improvements in it, as per the needs of the client.

Requesting a COE for Deerfield Beach VA Loans

For the obtainment of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time durations of honorable service. On the contrary, the eligibility criteria for the spouses of vets 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 MIA or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of vets which still alive but have been 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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