Hallandale Beach VA Loans

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A Hallandale Beach Florida VA 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 obtaining a home loan can become simpler for veterans. 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 Hallandale Beach Florida VA Mortgage?

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

• Veterans who have served with the U.S. armed forces.
• Military personnel which.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Hallandale Beach VA Mortgages

Not every veteran is eligible 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 mortgage loan in Hallandale Beach is offered only when the house is for personal use of the client. However, the money can be used to purchase the home, develop it or to make improvements in it, as per the needs of the client.

Obtaining a COE for Hallandale Beach VA Mortgages

For the gathering of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time amounts of service. On the other hand, the requirement criteria for the spouses of vets to obtain a mortgage loan is slightly different. It includes:

• 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 which still alive but have been disabled during service.

If you think you might be eligible for a Hallandale Beach Florida VA 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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