Deerfield Beach VA Loans

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A Deerfield Beach Florida VA home mortgage is a home loan provided by private lenders that are supported by the VA department so that the process of obtaining a mortgage loan can become simpler for vets. The actual money is lent by the lenders themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Qualified for a Deerfield Beach Florida VA Home Loan?

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

• Veterans who served with the U.S. military.
• Military men which are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Deerfield Beach VA Mortgage Loans

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

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

The VA-guaranteed loan in Deerfield Beach is granted only when the house is for individual use of the borrower. However, the money can be used to purchase the property, develop it or to make changes to it, as per the needs of the borrower.

Requesting a COE for Deerfield Beach VA Loans

For the obtainment of a COE, in-service members of the armed forces and veterans need to have fulfilled specific time durations of honorable service. On the contrary, the eligibility criteria for the spouses of vets to get a home mortgage is somewhat different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets which alive but were disabled during service.

If you think you might be eligible for a Deerfield Beach Florida VA mortgage loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

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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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