Pompano Beach VA Loans

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A Pompano Beach FL VA home mortgage loan is a mortgage issued by private lenders that are backed by the VA department so that the process of obtaining a home loan can become easier for vets. The actual money is lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Pompano Beach FL VA Loan?

There are four types of people who can apply for Pompano Beach VA mortgages. These are:

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

Eligibility Requirements for Pompano Beach VA Home Loans

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

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

The VA-guaranteed loan in Pompano Beach FL is offered only when the house is for individual use of the client. However, the funds can be used to purchase the property, build it or to make improvements in it, as per the needs of the client.

Requesting a Certification of Eligibility for Pompano Beach VA Home Loans

For the gathering of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time durations of service. On the other hand, the eligibility criteria for the spouses of vets to get a home mortgage loan is somewhat different. It includes:

• Spouses of deceased veterans 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 Pompano Beach Florida VA mortgage 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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