West Palm Beach VA Loans

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A West Palm Beach FL VA mortgage loan is a home mortgage loan provided by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of obtaining a home loan can become easier for veterans. The actual money is lent by the lenders themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Eligible for a West Palm Beach VA Mortgage Loan?

There are four kinds of people who can request West Palm Beach FL VA home mortgage loans. These are:

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

Qualifying Requirements for West Palm Beach VA Home Loans

Not all veteran is eligible for a VA loan. In order qualify, veterans require:

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

The VA-guaranteed home loan is granted only when the home is for individual use of the borrower. However, the money can be used to purchase the home, build it or to make changes to it, as per the needs of the borrower.

Gathering a Certification of Eligibility for West Palm Beach VA Home 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 other hand, the eligibility criteria for the significant others of veterans to get 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 have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but have been disabled during service.

If you think you might be eligible for a West Palm Beach FL 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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