Palm Coast VA Loans

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

Who is Qualified for a Palm Coast Florida VA Mortgage Loan?

There are four types of people who can apply for Palm Coast VA mortgages. These are:

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

Qualifying Requirements for Palm Coast VA Mortgage Loan

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

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

The guarantee by the VA mortgage loan in Palm Coast Florida is offered only when the house is for individual use of the borrower. However, the funds can be used to purchase the home, 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 obtainment of a COE, service men and women of the armed forces and veterans need to have completed specific time amounts of honorable service. On the other hand, the eligibility criteria for the significant others of veterans to get a home mortgage loan is somewhat 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 vets which still alive but were disabled during service.

If you think you might be eligible for a Palm Coast Florida VA home 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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