Orlando VA Loans

apply-now-todayAn Orlando VA loan is a home loan provided by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home loan can become easier 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 Eligible for an Orlando VA Loan?

There are four kinds of people who can apply for Orlando VA Loans. These are:
• Veterans who have served with the U.S. military.
• Military men who are currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Orlando VA Loans

Not every veteran is eligible for a VA loan. In order to be eligible, veterans require:
• Sufficient and reliable credit history.
• A fixed and stable means of income.
• A valid Certificate of Eligibility (COE).

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

Obtaining a COE for Orlando VA Mortgages

For the obtainment of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have fulfilled specific time durations of honorable service.

On the other hand, the eligibility criterion for the spouses of veterans is slightly different. It includes:
• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but have been disabled during service.

If you think you are eligible for an Orlando VA Loans, contact First Nationwide Lending at (877) 442-4023 for more information today!

First Nationwide Lending offers a variety of mortgage programs, including, but not limited to: purchase mortgages, refinance loans, FHA loans, jumbo loans, HARP 2.0 mortgage, VA loans, USDA home loans, and reverse mortgages.

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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