Ocoee VA Loans

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A Ocoee FL VA mortgage is a home mortgage loan provided by private lenders that are supported by the VA department so that the process of obtaining a home loan can become easier for veterans. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Qualified for a Ocoee Florida VA Loan?

There are four types of people who can apply for Ocoee VA home mortgages. These are:

• Veterans who served with the United States armed forces.
• Military soldiers which are currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Ocoee VA Mortgages

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

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

The VA-guaranteed mortgage loan in Ocoee Florida is granted only when the house is for individual use of the borrower. However, the funds can be used to purchase the house, develop it or to make changes to it, as per the requirements of the borrower.

Obtaining a Certification of Eligibility for Ocoee VA Home Loans

For the request of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have fulfilled specific time amounts of service. On the contrary, the requirement criteria for the significant others of veterans to obtain a mortgage is somewhat different. It includes:

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

If you think you are eligible for a Ocoee Florida VA home mortgagecontact 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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