Port St Lucie VA Loans

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A Port St Lucie FL VA home mortgage loan is a mortgage loan issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home loan can become easier for veterans. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Port St Lucie FL VA Home Mortgage Loan?

There are four kinds of people who can request Port St Lucie FL VA mortgage loans. These are:

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

Eligibility Requirements for Port St Lucie VA Mortgage Loans

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

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

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

Requesting a COE for Port St Lucie VA Loans

For the obtainment of a COE, service men and women of the armed forces and veterans need to have completed specific time amounts of honorable service. On the other hand, the eligibility criteria for the significant others of veterans to get a home mortgage loan is somewhat different. It consists of:

• 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 are eligible for a Port St Lucie FL VA 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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