Port St Lucie VA Loans

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

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

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

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

Qualifying Requirements for Port St Lucie VA Mortgage Loans

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

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

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

Requesting a COE for Port St Lucie VA Mortgage Loans

For the request of a COE, service men and women of the armed forces need to have fulfilled specific time amounts of service. On the other hand, the eligibility criteria for the spouses of vets to get a loan is slightly different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• 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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