Lauderdale Lakes VA Loans

apply-now-today

A Lauderdale Lakes Florida VA home loan is a home mortgage loan issued by private lenders that are supported by the VA department so that the process of getting a mortgage loan can become simpler for veterans. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a Lauderdale Lakes Florida VA Home Mortgage Loan?

There are four kinds of people who can apply for Lauderdale Lakes VA home mortgage loans. These are:

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

Qualifying Requirements for Lauderdale Lakes VA Loans

Not every veteran qualifies for a VA home loan. In order qualify, veterans require:

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

The guarantee by the VA mortgage in Lauderdale Lakes is offered only when the house is for individual use of the borrower. However, the money can be used to buy the house, build it or to make improvements in it, as per the requirements of the borrower.

Gathering a Certification of Eligibility for Lauderdale Lakes VA Home Loans

For the obtainment of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have fulfilled specific time durations of honorable service. On the other hand, the eligibility criteria for the significant others of veterans to obtain a home 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 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 Lauderdale Lakes Florida VA home mortgagecontact 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