Altamonte Springs VA Loans

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An Altamonte Springs FL VA loan is a mortgage loan offered by private lenders that are backed by the VA department so that the process of applying for a mortgage can become simpler for vets. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for an Altamonte Springs Florida VA Mortgage?

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

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

Qualifying Requirements for Altamonte Springs VA Home Loans

Not every veteran qualifies for a VA mortgage. 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 VA home loan in Altamonte Springs is granted only when the house is for personal use of the client. However, the money can be used to purchase the home, build it or to make improvements in it, as per the needs of the client.

Requesting a COE for Altamonte Springs VA Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have completed specific time amounts of service. On the other hand, the requirement criteria for the spouses of vets to obtain a loan is slightly different. It includes:

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

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