Lake Worth VA Loans

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A Lake Worth Florida VA home mortgage is a home loan provided by private lenders that are backed by the VA department so that the process of getting a home mortgage loan can become easier for veterans. The money is then lent by the lenders themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Eligible for a Lake Worth Florida VA Home Mortgage?

There are four types of people who can apply for Lake Worth VA loans. These are:

• Veterans who have served with the U.S. armed forces.
• Military men who are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Lake Worth VA Mortgage Loans

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

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

The VA-guaranteed home loan in Lake Worth is granted only when the home is for individual use of the borrower. However, the funds can be used to buy the property, develop it or to make improvements in it, as per the needs of the borrower.

Requesting a COE for Lake Worth VA Mortgage Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time amounts of service. On the other hand, the requirement criteria for the significant others of veterans to get a home mortgage is somewhat 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 have remarried after reaching the age of 57.
• Spouses of those veterans who are still alive but have been disabled during service.

If you think you are eligible for a Lake Worth FL VA loancontact 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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