Hallandale Beach VA Loans

apply-now-today

A Hallandale Beach Florida VA home mortgage loan is a home mortgage loan offered by private lenders that are backed by the VA department so that the process of getting a mortgage can become easier for veterans. The funds are lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

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

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

• Veterans who have served with the United States armed forces.
• Military men and woman which are 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 to be eligible, veterans require:

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

The VA-guaranteed mortgage in Hallandale Beach is granted only when the house is for personal use of the borrower. However, the funds can be used to purchase the property, develop it or to make changes to it, as per the requirements of the borrower.

Gathering 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 durations of honorable service. On the other hand, the eligibility criteria for the spouses of vets to obtain a home mortgage loan is somewhat different. It consists of:

• Spouses of deceased veterans 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 those veterans which still alive but were disabled during service.

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

 

Contact Us

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News