Apopka VA Loans

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An Apopka Florida VA mortgage is a mortgage loan issued by private lenders that are backed by the VA department so that the process of getting a home 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 borrowers among the veterans.

Who is Eligible for an Apopka Florida VA Home Loan?

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

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

Eligibility Requirements for Apopka VA Loans

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

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

The guarantee by the department of Veterans Affairs mortgage in Apopka is granted only when the home is for individual use of the borrower. However, the funds can be used to purchase the house, develop it or to make improvements in it, as per the needs of the borrower.

Gathering a COE for Apopka VA Mortgages

For the gathering of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time durations of service. On the other hand, the requirement criteria for the spouses of veterans to get a mortgage is slightly different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets which alive but have been 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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