Port Orange VA Loans

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A Port Orange VA home loan is a home 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 lender themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Eligible for a Port Orange FL VA Loan?

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

• Veterans who have served with the United States military.
• Military men who 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 reliable credit history.
• A fixed and stable means of income.
• A valid Certificate of Eligibility (COE).

The VA-guaranteed mortgage in Port Orange FL is offered only when the house is for personal 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.

Requesting a COE for Port Orange VA Loans

For the gathering of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have completed specific time amounts of honorable service. On the contrary, the requirement criteria for the significant others of veterans to obtain a home 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 vets who are still alive but have been disabled during service.

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