Altamonte Springs VA Loans

apply-now-today

An Altamonte Springs Florida VA mortgage loan is a loan offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a home mortgage loan can become easier for veterans. 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 an Altamonte Springs Florida VA Home Loan?

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

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

Eligibility Requirements for Altamonte Springs VA Mortgage Loan

Not all veteran qualifies for a VA mortgage loan. In order qualify, veterans require:

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

The VA-guaranteed mortgage in Altamonte Springs is granted only when the house is for personal use of the client. However, the funds can be used to purchase the home, develop it or to make improvements in it, as per the requirements of the client.

Gathering 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 durations of honorable service. On the other hand, the requirement criteria for the spouses of vets to get a mortgage loan is somewhat different. It consists of:

• 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 have remarried after reaching the age of 57.
• Spouses of those veterans which still alive but have been disabled during service.

If you think you might be eligible for an Altamonte Springs Florida VA mortgage loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News