Port Orange VA Loans

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A Port Orange VA mortgage is a home loan provided by private lenders that are backed by the VA department so that the process of getting a home mortgage loan can become simpler for veterans. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Eligible for a Port Orange Florida VA Mortgage Loan?

There are four kinds of people who can request Port Orange VA mortgages. These are:

• Veterans who have served with the U.S. armed forces.
• Military men and woman which are on active duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Port Orange VA Mortgages

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

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

The VA-guaranteed mortgage in Port Orange Florida is granted only when the house is for individual use of the borrower. However, the money can be used to buy the house, build it or to make improvements in it, as per the needs of the borrower.

Obtaining a COE for Port Orange VA Mortgages

For the gathering 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 requirement criteria for the spouses of vets to obtain a mortgage is slightly different. It includes:

• 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 vets which alive but were disabled during service.

If you think you might be eligible for a Port Orange Florida VA loanscontact 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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