Riviera Beach VA Loans

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A Riviera Beach Florida VA home loan is a home mortgage loan issued 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 simpler for vets. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

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

There are four kinds of people who can request Riviera Beach VA home mortgages. These are:

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

Eligibility Requirements for Riviera Beach VA Loans

Not all 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 mortgage loan in Riviera Beach FL is offered only when the house is for individual use of the borrower. However, the money can be used to buy the property, build it or to make improvements in it, as per the requirements of the borrower.

Gathering a Certification of Eligibility for Riviera Beach VA Loans

For the request of a COE, service men and women of the armed forces need to have fulfilled specific time amounts of honorable service. On the contrary, the requirement criteria for the spouses of veterans to get a home 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 prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans who are still alive but were disabled during service.

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