Palm Coast VA Loans

apply-now-today

A Palm Coast FL VA loan is a home mortgage loan provided by private lenders that are supported by the VA department so that the process of applying for a home mortgage loan can become easier for vets. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Qualified for a Palm Coast FL VA Home Loan?

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

• Veterans who served with the U.S. military.
• Military personnel who are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Palm Coast VA Loans

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

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

The guarantee by the VA loan in Palm Coast FL is granted only when the home is for individual use of the borrower. However, the funds can be used to buy the property, build it or to make changes to it, as per the needs of the borrower.

Gathering a COE for Palm Coast VA Mortgage Loans

For the gathering of a COE, in-service members of the armed forces need to have fulfilled specific time durations of honorable service. On the other hand, the requirement criteria for the significant others of veterans to get a 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 POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which still alive but were disabled during service.

If you think you are eligible for a Palm Coast Florida VA loancontact 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