Palm Beach Gardens VA Loans

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A Palm Beach Gardens Florida VA home loan is a loan offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a mortgage loan can become simpler for vets. The money is then lent by the lenders themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Eligible for a Palm Beach Gardens FL VA Loan?

There are four kinds of people who can request Palm Beach Gardens VA home loans. These are:

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

Qualifying Requirements for Palm Beach Gardens VA Mortgage Loan

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

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

The VA-guaranteed mortgage in Palm Beach Gardens FL is offered only when the house is for individual use of the borrower. However, the funds can be used to buy the house, develop it or to make improvements in it, as per the needs of the borrower.

Requesting a COE for Palm Beach Gardens VA Mortgage Loans

For the gathering of a COE, in-service members of the armed forces need to have completed specific time amounts of service. On the contrary, the requirement criteria for the spouses of veterans to obtain a home loan is slightly different. It includes:

• 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 have remarried after reaching the age of 57.
• Spouses of vets who are still alive but have been disabled during service.

If you think you might be eligible for a Palm Beach Gardens Florida VA loanscontact First Nationwide Lending at (877) 442-4023 for more information today!

 

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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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