Lauderhill VA Loans

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A Lauderhill VA home mortgage is a home mortgage loan issued by private lenders that are supported by the VA department so that the process of getting a home loan can become simpler for veterans. The actual money is lent by the lenders themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Lauderhill Florida VA Home Mortgage Loan?

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

• Veterans who served with the United States military.
• Military men which are currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Lauderhill VA Home Loans

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

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

The guarantee by the VA mortgage loan in Lauderhill is offered only when the home is for personal use of the borrower. However, the money can be used to buy the property, build it or to make changes to it, as per the needs of the borrower.

Obtaining a Certification of Eligibility for Lauderhill VA Mortgage Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have completed specific time amounts of honorable service. On the other hand, the eligibility criteria for the spouses of veterans to obtain a home mortgage is somewhat different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who have remarried after reaching the age of 57.
• Spouses of vets which alive but were disabled during service.

If you think you are eligible for a Lauderhill Florida VA loanscontact 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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