Port Orange VA Loans

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A Port Orange VA home mortgage is a mortgage loan provided by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a mortgage can become simpler for veterans. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Qualified for a Port Orange Florida VA Home Loan?

There are four types of people who can apply for Port Orange VA mortgage loans. These are:

• Veterans who served with the United States military.
• Military men who are currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Port Orange VA Mortgages

Not every veteran is eligible for a VA mortgage. In order qualify, veterans require:

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

The guarantee by the department of Veterans Affairs home loan in Port Orange Florida is granted only when the home is for individual use of the client. However, the funds can be used to buy the property, build it or to make improvements in it, as per the requirements of the client.

Obtaining a COE for Port Orange VA Mortgage Loans

For the gathering of a COE, in-service members of the armed forces and veterans need to have completed specific time amounts of service. On the other hand, the eligibility criteria for the spouses of veterans to get a home mortgage is slightly 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 were disabled during service.

If you think you are eligible for a Port Orange Florida VA mortgagecontact 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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