Riviera Beach VA Loans

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A Riviera Beach Florida VA mortgage is a mortgage issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of obtaining a home loan can become simpler for vets. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Qualified for a Riviera Beach FL VA Home Mortgage Loan?

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

• Veterans who served with the United States military.
• Military personnel who are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Riviera Beach VA Home Loans

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

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

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

Gathering a COE for Riviera Beach VA Home Loans

For the obtainment of a COE, in-service members of the armed forces and veterans need to have fulfilled specific time durations of service. On the contrary, the requirement criteria for the spouses of veterans to get a mortgage 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 remarried after reaching the age of 57.
• Spouses of vets who are alive but were disabled during service.

If you think you might be eligible for a Riviera Beach Florida 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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