Apopka VA Loans

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

Who is Eligible for an Apopka Florida VA Mortgage?

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

• Veterans who served with the United States military.
• Military personnel who} are {on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Apopka VA Loans

Not all veteran is eligible for a VA loan. In order to be eligible, 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 offered only when the house is for individual use of the borrower. However, the funds can be used to buy the home, build it or to make improvements in it, as per the requirements of the borrower.

Requesting a Certification of Eligibility for Apopka VA Mortgage Loans

For the gathering of a COE, in-service members of the armed forces and veterans need to have fulfilled specific time durations of honorable service. On the other hand, the requirement criteria for the significant others of veterans to obtain a loan is slightly different. It includes:

• 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 alive but have been disabled during service.

If you think you might be eligible for an Apopka Florida VA loancontact 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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