Altamonte Springs VA Loans

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An Altamonte Springs Florida VA loan is a home loan offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a mortgage loan can become simpler for veterans. The money is then lent by the lenders themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Qualified for an Altamonte Springs Florida VA Mortgage?

There are four kinds of people who can apply for Altamonte Springs VA home mortgage loans. These are:

• Veterans who have served with the United States armed forces.
• Military men and woman which are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Altamonte Springs VA Mortgage Loan

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

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

The VA-guaranteed home loan in Altamonte Springs 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 improvements in it, as per the requirements of the borrower.

Obtaining a COE for Altamonte Springs VA Loans

For the request of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time amounts of service. On the other hand, the requirement criteria for the significant others of veterans to get a loan is slightly different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are alive but were disabled during service.

If you think you are eligible for an Altamonte Springs Florida VA mortgage 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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