Port St Lucie VA Loans

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A Port St Lucie FL VA home mortgage loan is a home mortgage loan issued by private lenders that are backed by the VA department so that the process of getting a mortgage can become simpler for veterans. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Qualified for a Port St Lucie FL VA Mortgage?

There are four types of people who can apply for Port St Lucie FL VA home loans. These are:

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

Eligibility Requirements for Port St Lucie VA Mortgage Loans

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

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

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

Gathering a COE for Port St Lucie VA Loans

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

• 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 Port St Lucie FL 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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