Palm Beach Gardens VA Loans

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A Palm Beach Gardens VA loan is a loan offered by private lenders that are supported by the VA department so that the process of applying for a mortgage can become easier for veterans. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

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

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

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

Qualifying Requirements for Palm Beach Gardens VA Mortgage Loans

Not all veteran qualifies for a VA mortgage. In order qualify, veterans require:

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

The VA-guaranteed home loan in Palm Beach Gardens FL is granted only when the home is for individual use of the borrower. However, the money can be used to buy the property, develop it or to make changes to it, as per the needs of the borrower.

Gathering a Certification of Eligibility for Palm Beach Gardens VA Mortgage Loans

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

• Spouses of deceased veterans 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 which still alive but have been disabled during service.

If you think you are eligible for a Palm Beach Gardens Florida VA mortgage 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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