Lauderdale Lakes VA Loans

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A Lauderdale Lakes FL VA home mortgage is a mortgage loan provided by private lenders that are backed by the VA department so that the process of obtaining a mortgage can become easier for vets. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Qualified for a Lauderdale Lakes Florida VA Home Loan?

There are four kinds of people who can request Lauderdale Lakes VA home mortgages. These are:

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

Eligibility Requirements for Lauderdale Lakes VA Mortgage Loan

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

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

The guarantee by the VA loan in Lauderdale Lakes is offered only when the home is for personal use of the client. However, the money can be used to purchase the property, develop it or to make changes to it, as per the needs of the client.

Requesting a COE for Lauderdale Lakes VA Home Loans

For the request of a Certificate of Eligibility, in-service members of the armed forces need to have fulfilled specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses of vets to get a home mortgage is slightly different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans which still alive but have been disabled during service.

If you think you are eligible for a Lauderdale Lakes Florida 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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