Oviedo VA Loans

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A Oviedo FL VA mortgage is a mortgage offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of obtaining a home loan can become simpler for veterans. The funds are lent by the lenders 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 Mortgage?

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

• Veterans who served with the U.S. armed forces.
• Military personnel which are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Oviedo VA Mortgage Loan

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

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

The guarantee by the department of Veterans Affairs mortgage in Oviedo Florida is offered only when the home is for individual use of the client. However, the funds can be used to purchase the property, build it or to make improvements in it, as per the needs of the client.

Obtaining a COE for Oviedo VA Mortgages

For the request of a Certificate of Eligibility, in-service members of the armed forces need to have fulfilled specific time amounts of honorable service. On the other hand, the eligibility criteria for the spouses of veterans to get a mortgage is somewhat different. It includes:

• Spouses of deceased veterans 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 who are still alive but have been disabled during service.

If you think you might be eligible for a Oviedo 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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