Miami Beach VA Loans

apply-now-today

A Miami Beach Florida VA loan is a home loan offered 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 vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Qualified for a Miami Beach Florida VA Home Mortgage?

There are four kinds of people who can request Miami Beach Florida VA home mortgage loans. These are:

• Veterans who have served with the U.S. military.
• Military men who are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Miami Beach Florida VA Loans

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

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

The VA-guaranteed mortgage loan is granted only when the home is for individual use of the borrower. However, the funds can be used to purchase the house, develop it or to make changes to it, as per the needs of the borrower.

Gathering a Certification of Eligibility for Miami Beach Florida VA Mortgage Loans

For the obtainment of a COE, service men and women of the armed forces and veterans need to have completed specific time amounts of honorable service.

On the contrary, the eligibility criteria for the spouses of veterans to get a loan is slightly different. It includes:

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

If you think you are eligible for a Miami Beach Florida VA 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