Lake Worth VA Loans

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A Lake Worth Florida VA loan is a mortgage provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a home mortgage loan can become easier for vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Eligible for a Lake Worth Florida VA Mortgage?

There are four kinds of people who can request Lake Worth VA home loans. These are:

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

Qualifying Requirements for Lake Worth VA Mortgage Loan

Not all veteran qualifies for a VA mortgage loan. In order to be eligible, veterans require:

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

The guarantee by the department of Veterans Affairs mortgage loan in Lake Worth is granted only when the house is for personal use of the client. However, the money can be used to buy the home, build it or to make improvements in it, as per the needs of the client.

Requesting a COE for Lake Worth VA Loans

For the gathering of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses of vets to get a loan is somewhat different. It consists of:

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

If you think you are eligible for a Lake Worth 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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