Oakland Park VA Loans

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A Oakland Park Florida VA mortgage loan is a mortgage issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage can become simpler for veterans. The funds are 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 Oakland Park Florida VA Mortgage?

There are four types of people who can request Oakland Park VA home mortgages. These are:

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

Qualifying Requirements for Oakland Park VA Mortgage Loan

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

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

The VA-guaranteed mortgage in Oakland Park Florida is offered only when the home is for individual use of the client. However, the funds can be used to buy the property, develop it or to make changes to it, as per the needs of the client.

Requesting a Certification of Eligibility for Oakland Park VA Mortgages

For the gathering of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time durations of service. On the other hand, the requirement criteria for the spouses of vets to obtain a mortgage loan is somewhat different. It includes:

• Spouses of deceased veterans 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 those veterans who are still alive but were disabled during service.

If you think you are eligible for a Oakland Park 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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