Apopka VA Loans

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An Apopka VA mortgage loan is a loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a home loan can become simpler for veterans. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Qualified for an Apopka Florida VA Home Loan?

There are four types of people who can request Apopka VA loans. These are:

• Veterans who served with the United States armed forces.
• Military personnel which are currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Apopka VA Home Loans

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

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

The guarantee by the department of Veterans Affairs loan in Apopka is offered only when the home is for individual use of the borrower. However, the funds can be used to buy the property, develop it or to make changes to it, as per the needs of the borrower.

Requesting a Certification of Eligibility for Apopka VA Mortgage Loans

For the request of a COE, service men and women of the armed forces need to have completed specific time amounts of honorable service. On the contrary, the eligibility criteria for the spouses of veterans to get a mortgage loan is slightly different. It includes:

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

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

 

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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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