Hallandale Beach VA Loans

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A Hallandale Beach VA home mortgage loan is a mortgage offered by private lenders that are supported by the VA department so that the process of applying for a mortgage can become easier for vets. The funds are lent by the mortgage lender themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Qualified for a Hallandale Beach Florida VA Mortgage?

There are four types of people who can request Hallandale Beach VA mortgage loans. These are:

• Veterans who served with the United States armed forces.
• Military men who are currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Hallandale Beach VA Home Loans

Not every veteran qualifies for a VA mortgage loan. In order qualify, 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 mortgage loan in Hallandale Beach is granted only when the house is for individual use of the borrower. However, the funds can be used to purchase the home, build it or to make changes to it, as per the requirements of the borrower.

Requesting a COE for Hallandale Beach VA Mortgage Loans

For the gathering of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time durations of honorable service. On the contrary, the requirement criteria for the spouses of veterans to obtain a home mortgage loan is somewhat different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• 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 might be eligible for a Hallandale 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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