North Lauderdale VA Loans

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A North Lauderdale FL VA mortgage is a home mortgage loan issued by private lenders that are backed by the VA department so that the process of obtaining a mortgage loan can become easier for vets. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a North Lauderdale Florida VA Home Mortgage?

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

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

Eligibility Requirements for North Lauderdale VA Loans

Not every veteran qualifies for a VA 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 department of Veterans Affairs home loan in North Lauderdale is offered only when the house is for personal use of the borrower. However, the money can be used to purchase the house, develop it or to make changes to it, as per the requirements of the borrower.

Requesting a COE for North Lauderdale VA Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time durations of service. On the contrary, the requirement criteria for the significant others of veterans to obtain a mortgage 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 have remarried after reaching the age of 57.
• Spouses of those veterans who are still alive but were disabled during service.

If you think you might be eligible for a North Lauderdale 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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