Lauderhill VA Loans

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A Lauderhill Florida VA home mortgage loan is a loan offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a mortgage loan can become simpler for veterans. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Eligible for a Lauderhill Florida VA Mortgage?

There are four types of people who can request Lauderhill VA mortgages. These are:

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

Qualifying Requirements for Lauderhill VA Mortgages

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

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

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

Gathering a COE for Lauderhill VA Loans

For the gathering of a COE, service men and women of the armed forces and veterans need to have fulfilled specific time amounts of honorable service. On the other hand, the eligibility criteria for the spouses of veterans to get a home mortgage loan is somewhat 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 alive but have been disabled during service.

If you think you might be eligible for a Lauderhill 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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