Deltona VA Loans

apply-now-today

A Deltona Florida VA home mortgage loan is a home loan offered by private lenders that are supported by the VA department so that the process of applying for a home loan can become simpler for veterans. The funds are lent by the lenders themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Deltona Florida VA Home Mortgage Loan?

There are four kinds of people who can apply for Deltona VA loans. These are:

• Veterans who have served with the U.S. armed forces.
• Military men and woman which are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Deltona VA Mortgages

Not every veteran is eligible for a VA home loan. In order to be eligible, veterans require:

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

The guarantee by the department of Veterans Affairs mortgage in Deltona is granted only when the home is for individual use of the client. However, the funds can be used to buy the house, build it or to make improvements in it, as per the requirements of the client.

Requesting a COE for Deltona VA Mortgages

For the obtainment 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 obtain a home mortgage loan is slightly different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• Spouses who have remarried after reaching the age of 57.
• Spouses of vets which still alive but have been disabled during service.

If you think you might be eligible for a Deltona Florida VA home 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