Lake Worth VA Loans

apply-now-today

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

Who is Qualified for a Lake Worth Florida VA Home Loan?

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

• Veterans who have served with the U.S. military.
• Military men and woman which are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Lake Worth VA Loans

Not all veteran is eligible for a VA mortgage loan. In order qualify, veterans require:

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

The guarantee by the VA 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 home, build it or to make changes to it, as per the requirements of the borrower.

Requesting a COE for Lake Worth VA Home Loans

For the obtainment of a COE, in-service members of the armed forces need to have fulfilled specific time amounts of honorable service. On the other hand, the requirement criteria for the spouses of veterans to get a loan is slightly different. It includes:

• 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 vets who are still alive but have been disabled during service.

If you think you might be eligible for a Lake Worth FL VA loanscontact 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