North Lauderdale VA Loans

apply-now-today

A North Lauderdale VA mortgage is a home mortgage loan provided by private lenders that are supported by the VA department so that the process of applying for a mortgage loan can become simpler for veterans. The funds are lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

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

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

• Veterans who served with the U.S. armed forces.
• Military men and woman who are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for North Lauderdale VA Mortgage Loans

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

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

The guarantee by the department of Veterans Affairs home loan in North Lauderdale is granted only when the home is for personal use of the borrower. However, the money can be used to buy the home, develop it or to make improvements in it, as per the requirements of the borrower.

Obtaining a Certification of Eligibility for North Lauderdale VA Mortgages

For the gathering of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time durations of service. On the contrary, the eligibility criteria for the spouses of vets to obtain a mortgage is somewhat different. It consists of:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which still alive but have been disabled during service.

If you think you are eligible for a North Lauderdale Florida VA loanscontact 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