Oakland Park VA Loans

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A Oakland Park Florida VA mortgage loan is a mortgage provided by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage can become simpler for vets. 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 Qualified for a Oakland Park FL VA Home Mortgage Loan?

There are four types of people who can request Oakland Park VA home loans. These are:

• Veterans who served with the U.S. armed forces.
• Military men who are currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Oakland Park VA Home Loans

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

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

The guarantee by the VA home loan in Oakland Park FL is granted only when the house is for personal use of the client. However, the money can be used to buy the house, develop it or to make changes to it, as per the needs of the client.

Obtaining a Certification of Eligibility for Oakland Park VA Mortgage Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have fulfilled specific time amounts of service. On the other hand, the eligibility 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 prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets which alive but have been disabled during service.

If you think you are eligible for a Oakland Park Florida VA loanscontact 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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