Pembroke Pines VA Loans

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

Who is Qualified for a Pembroke Pines VA Home Loan?

There are four types of people who can request Pembroke Pines VA mortgage loans. These are:

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

Eligibility Requirements for Pembroke Pines VA Mortgages

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

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

The guarantee by the department of Veterans Affairs home loan is granted only when the house is for personal use of the borrower. However, the money can be used to buy the home, develop it or to make improvements in it, as per the needs of the borrower.

Requesting a COE for Pembroke Pines VA Mortgages

For the request of a COE, in-service members of the armed forces and veterans need to have fulfilled specific time amounts of service. On the other hand, the eligibility criteria for the significant others of veterans to get a mortgage is slightly different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action 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 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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