North Lauderdale VA Loans

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A North Lauderdale Florida VA loan is a mortgage loan offered by private lenders that are backed by the VA department so that the process of obtaining a home loan can become easier for vets. 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 North Lauderdale Florida VA Home Mortgage Loan?

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

• Veterans who have served with the United States armed forces.
• Military personnel currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for North Lauderdale VA Home Loans

Not all veteran qualifies for a VA mortgage. In order qualify, veterans require:

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

The guarantee by the department of Veterans Affairs home loan in North Lauderdale is offered only when the house is for individual 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 Certification of Eligibility for North Lauderdale VA Mortgage Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have completed specific time amounts of service. On the contrary, the requirement criteria for the spouses of veterans to obtain a loan is slightly different. It consists of:

• Spouses of veterans that are now deceased 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 those veterans which still alive but have been disabled during service.

If you think you might be eligible for a North Lauderdale Florida VA home 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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