Daytona Beach VA Loans

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A Daytona Beach Florida VA home mortgage is a home mortgage loan offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage loan can become simpler for vets. The money is then lent by the lenders themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Qualified for a Daytona Beach Florida VA Mortgage Loan?

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

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

Eligibility Requirements for Daytona Beach VA Mortgages

Not every veteran qualifies for a VA mortgage 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 VA mortgage loan is granted only when the home 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 needs of the client.

Requesting a Certification of Eligibility for Daytona Beach VA Home Loans

For the gathering of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time amounts of service. On the other hand, the eligibility criteria for the significant others of veterans to obtain a home mortgage is somewhat different. It consists of:

• Spouses of deceased veterans 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 which alive but have been disabled during service.

If you think you might be eligible for a Daytona Beach 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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