Riviera Beach VA Loans

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A Riviera Beach VA loan is a mortgage loan offered by private lenders that are backed by the VA department so that the process of getting a home loan can become easier for veterans. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Qualified for a Riviera Beach Florida VA Home Mortgage?

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

• Veterans who have served with the U.S. armed forces.
• Military men which are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Riviera Beach VA Mortgage Loans

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

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

The guarantee by the department of Veterans Affairs mortgage loan in Riviera Beach Florida is granted only when the home is for individual use of the client. However, the funds can be used to buy the home, build it or to make improvements in it, as per the requirements of the client.

Gathering a Certification of Eligibility for Riviera Beach VA Loans

For the obtainment of a COE, in-service members of the armed forces need to have fulfilled specific time durations of service. On the contrary, the eligibility criteria for the significant others of veterans to obtain a loan is slightly different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who have remarried after reaching the age of 57.
• Spouses of vets which still alive but were disabled during service.

If you think you are eligible for a Riviera Beach Florida VA mortgagecontact 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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