Ocoee VA Loans

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

Who is Eligible for a Ocoee FL VA Home Loan?

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

• Veterans who have served with the United States armed forces.
• Military men who are on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Ocoee VA Mortgage Loans

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

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

The guarantee by the VA mortgage loan in Ocoee FL is offered only when the home is for individual use of the borrower. However, the money can be used to purchase the home, build it or to make improvements in it, as per the requirements of the borrower.

Requesting a COE for Ocoee VA Home Loans

For the gathering of a COE, in-service members of the armed forces 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 missing in action or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which still 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!

 

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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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