Royal Palm Beach VA Loans

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A Royal Palm Beach VA mortgage loan is a home mortgage loan issued by private lenders that are supported by the VA department so that the process of applying for a mortgage loan can become simpler for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Royal Palm Beach FL VA Home Loan?

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

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

Qualifying Requirements for Royal Palm Beach VA Mortgage Loan

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

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

The VA-guaranteed mortgage loan in Royal Palm Beach FL is offered only when the home is for personal use of the borrower. However, the money can be used to purchase the house, build it or to make changes to it, as per the requirements of the borrower.

Requesting a COE for Royal Palm Beach VA Home Loans

For the request of a COE, service men and women of the armed forces and veterans need to have completed specific time durations of honorable service. On the other hand, the requirement criteria for the spouses of vets to obtain a mortgage loan is slightly different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which alive but have been disabled during service.

If you think you are eligible for a Royal Palm Beach Florida VA home 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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