Lauderdale Lakes VA Loans

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A Lauderdale Lakes Florida VA mortgage is a home mortgage loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage loan can become easier for veterans. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Lauderdale Lakes Florida VA Mortgage?

There are four types of people who can request Lauderdale Lakes VA home loans. These are:

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

Qualifying Requirements for Lauderdale Lakes VA Loans

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

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

The VA-guaranteed home loan in Lauderdale Lakes is granted only when the home is for individual use of the borrower. However, the money can be used to purchase the home, develop it or to make improvements in it, as per the requirements of the borrower.

Obtaining a Certification of Eligibility for Lauderdale Lakes VA Mortgages

For the obtainment 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 eligibility criteria for the significant others of veterans to get a mortgage is slightly different. It consists of:

• Spouses of veterans that are now deceased 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 Lauderdale Lakes Florida VA mortgagecontact 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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