Palm Beach Gardens VA Loans

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

Who is Qualified for a Palm Beach Gardens Florida VA Home Loan?

There are four kinds of people who can apply for Palm Beach Gardens VA mortgage loans. These are:

• Veterans who served with the United States military.
• Military soldiers who are currently on active 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 all veteran qualifies for a VA mortgage. In order qualify, veterans require:

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

The VA-guaranteed home loan in Palm Beach Gardens Florida is granted only when the home is for personal use of the client. However, the funds can be used to purchase the house, build it or to make improvements in it, as per the requirements of the client.

Obtaining a Certification of Eligibility for Palm Beach Gardens VA Home Loans

For the obtainment of a COE, in-service members of the armed forces need to have fulfilled specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses of veterans to get a home mortgage 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 remarried after reaching the age of 57.
• Spouses of those veterans who are still alive but have been disabled during service.

If you think you might be eligible for a Palm Beach Gardens Florida VA home mortgagecontact 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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