Royal Palm Beach VA Loans

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A Royal Palm Beach Florida VA home loan is a home loan offered by private lenders that are backed by the VA department so that the process of applying for a home mortgage loan can become simpler for veterans. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Eligible for a Royal Palm Beach Florida VA Home Mortgage?

There are four types of people who can request Royal Palm Beach VA home mortgage loans. These are:

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

Qualifying Requirements for Royal Palm Beach VA Home Loans

Not every veteran qualifies for a VA mortgage. In order qualify, 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 Royal Palm Beach Florida is offered only when the house is for personal use of the client. However, the funds can be used to purchase the home, build it or to make improvements in it, as per the requirements of the client.

Requesting a COE for Royal Palm Beach VA Home Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time durations of service. On the contrary, the requirement criteria for the significant others of veterans to obtain a home 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 remarried after reaching the age of 57.
• Spouses of vets who are alive but have been disabled during service.

If you think you might be eligible for a Royal Palm Beach Florida VA loanscontact 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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