Lauderhill VA Loans

apply-now-today

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

Who is Qualified for a Lauderhill Florida VA Mortgage?

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

• Veterans who served with the United States military.
• Military personnel who are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Lauderhill VA Home Loans

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

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

The guarantee by the VA mortgage in Lauderhill is offered only when the home is for individual use of the client. However, the money can be used to purchase the property, develop it or to make improvements in it, as per the needs of the client.

Requesting a COE for Lauderhill VA Home Loans

For the obtainment of a Certificate of Eligibility, in-service members of the armed forces need to have fulfilled specific time durations of honorable service. On the other hand, the requirement criteria for the significant others of veterans to obtain a mortgage loan is slightly different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans who are alive but have been disabled during service.

If you think you might be eligible for a Lauderhill Florida VA home loancontact 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