Pembroke Pines VA Loans

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A Pembroke Pines VA mortgage loan is a home mortgage loan provided by private lenders that are backed by the VA department so that the process of obtaining a home loan can become simpler for veterans. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a Pembroke Pines VA Home Loan?

There are four kinds of people who can request Pembroke Pines VA mortgages. These are:

• Veterans who served with the U.S. military.
• Military men and woman who are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

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 fixed and stable means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the VA mortgage loan is granted only when the home is for individual use of the borrower. However, the money can be used to buy the house, develop it or to make changes to it, as per the requirements of the borrower.

Gathering a Certification of Eligibility for Pembroke Pines VA Home Loans

For the request of a COE, service men and women of the armed forces need to have fulfilled specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses of vets to obtain 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 those veterans who are alive but have been disabled during service.

If you think you might be eligible for a Pembroke Pines VA mortgage 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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