Oviedo VA Loans

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A Oviedo Florida VA loan is a mortgage issued by private lenders that are supported by the VA department so that the process of obtaining a mortgage can become simpler for vets. The money is then lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Oviedo Florida VA Mortgage Loan?

There are four kinds of people who can request Oviedo VA mortgage loans. These are:

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

Qualifying Requirements for Oviedo VA Mortgages

Not every veteran is eligible for a VA mortgage 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 loan in Oviedo Florida is granted only when the house is for personal use of the client. However, the funds can be used to purchase the house, build it or to make improvements in it, as per the needs of the client.

Requesting a Certification of Eligibility for Oviedo VA Mortgages

For the request of a COE, service men and women of the armed forces need to have completed specific time durations of honorable service. On the other hand, the requirement criteria for the significant others 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 MIA or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which 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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