Deltona VA Loans

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

Who is Qualified for a Deltona Florida VA Mortgage Loan?

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

• Veterans who have served with the U.S. armed forces.
• Military men who are currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Deltona VA Loans

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

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

The VA-guaranteed mortgage loan in Deltona is offered only when the house is for personal use of the borrower. However, the money can be used to purchase the home, develop it or to make improvements in it, as per the requirements of the borrower.

Gathering a Certification of Eligibility for Deltona VA Mortgage Loans

For the request of a COE, service men and women of the armed forces need to have completed specific time amounts of service. On the contrary, the requirement criteria for the spouses of vets to obtain a home loan is slightly different. It consists of:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are alive but have been disabled during service.

If you think you might be eligible for a Deltona 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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