Ocala VA Loans

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A Ocala Florida VA mortgage loan is a mortgage issued by private lenders that are supported by the VA department so that the process of obtaining a home mortgage loan can become easier for veterans. The actual money is lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Ocala Florida VA Mortgage?

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

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

Qualifying Requirements for Ocala VA Loans

Not all veteran is eligible for a VA mortgage 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 VA home loan in Ocala Florida is offered only when the house is for individual use of the borrower. However, the money can be used to buy the house, build it or to make improvements in it, as per the needs of the borrower.

Requesting a COE for Ocala VA Mortgages

For the gathering of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have fulfilled specific time amounts of honorable service. On the contrary, the requirement criteria for the significant others of veterans to get a mortgage loan is somewhat 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 who are alive but have been disabled during service.

If you think you might be eligible for a Ocala 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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