Deltona VA Loans

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A Deltona FL VA loan is a home mortgage loan offered by private lenders that are backed by the VA department so that the process of applying for a home mortgage loan can become simpler for vets. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Deltona Florida VA Home Loan?

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

• Veterans who served with the U.S. armed forces.
• Military personnel who are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Deltona VA Loans

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

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

The guarantee by the department of Veterans Affairs home loan in Deltona is granted only when the home is for personal use of the borrower. However, the money can be used to buy the home, build it or to make improvements in it, as per the requirements of the borrower.

Obtaining a Certification of Eligibility for Deltona VA Loans

For the gathering of a COE, service men and women of the armed forces need to have fulfilled specific time durations of honorable service. On the contrary, the requirement criteria for the significant others of veterans to obtain a loan is somewhat different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• 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 mortgagecontact 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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