Palm Coast VA Loans

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A Palm Coast VA mortgage loan is a home loan offered by private lenders that are backed by the VA department so that the process of obtaining a home loan can become simpler for vets. The funds are lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Palm Coast Florida VA Home Mortgage Loan?

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

• Veterans who served with the U.S. armed forces.
• Military soldiers which are currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Palm Coast VA Mortgage Loans

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

• Sufficient and reliable credit background.
• A solid 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 home is for individual use of the client. However, the money can be used to buy the property, develop it or to make improvements in it, as per the requirements of the client.

Gathering a Certification of Eligibility for Palm Coast VA Home Loans

For the obtainment of a COE, service men and women of the armed forces need to have completed specific time durations of service. On the contrary, the eligibility criteria for the spouses of veterans to get a mortgage loan is slightly different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of vets which still alive but have been disabled during service.

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