Pembroke Pines VA Loans

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A Pembroke Pines VA home mortgage is a loan issued by private lenders that are backed by the VA department so that the process of getting a home loan can become simpler for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Pembroke Pines VA Home Mortgage?

There are four types of people who can apply for Pembroke Pines VA mortgages. These are:

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

Qualifying Requirements for Pembroke Pines VA Loans

Not all veteran is eligible for a VA loan. In order qualify, veterans require:

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

The guarantee by the department of Veterans Affairs mortgage is granted only when the house is for individual use of the client. However, the money can be used to buy the home, build it or to make changes to it, as per the needs of the client.

Gathering a Certification of Eligibility for Pembroke Pines VA Mortgages

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time durations of service. On the other hand, the requirement criteria for the spouses of veterans to obtain a home mortgage is slightly different. It consists of:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but have been disabled during service.

If you think you are eligible for a Pembroke Pines VA home loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

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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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