Ocoee VA Loans

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A Ocoee FL VA home mortgage is a home mortgage loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a mortgage can become simpler for veterans. The actual money is lent by the lenders themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Qualified for a Ocoee Florida VA Mortgage Loan?

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

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

Qualifying Requirements for Ocoee VA Mortgage Loan

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

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

The VA-guaranteed home loan in Ocoee Florida is granted only when the house is for personal use of the client. However, the money can be used to buy the house, build it or to make improvements in it, as per the needs of the client.

Gathering a COE for Ocoee VA Loans

For the request of a Certificate of Eligibility, in-service members of the armed forces need to have completed specific time amounts of service. On the contrary, the eligibility criteria for the spouses of vets to get a home mortgage is slightly different. It consists of:

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

If you think you might be eligible for a Ocoee Florida VA loancontact 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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