Oviedo VA Loans

apply-now-today

A Oviedo FL VA loan is a mortgage provided by private lenders that are supported by the VA department so that the process of getting a home mortgage loan can become easier for veterans. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Oviedo Florida VA Home Loan?

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

• Veterans who served with the United States armed forces.
• Military men and woman which are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Oviedo VA Mortgages

Not is eligible for a VA loan. In order qualify, veterans require:

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

The guarantee by the VA mortgage loan in Oviedo Florida is offered only when the home is for individual use of the borrower. However, the funds can be used to purchase the property, build it or to make changes to it, as per the requirements of the borrower.

Requesting a COE for Oviedo VA Loans

For the obtainment of a COE, service men and women of the armed forces need to have completed specific time durations of service. On the other hand, the eligibility criteria for the spouses of veterans to obtain a loan is somewhat 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 prisoners of war.
• Spouses who have 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 Oviedo Florida VA home loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News