Saint Cloud VA Loans

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A Saint Cloud VA home loan is a home mortgage loan offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a home loan can become easier for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Saint Cloud FL VA Home Mortgage?

There are four kinds of people who can request Saint Cloud VA mortgages. These are:

• Veterans who served with the U.S. military.
• Military men and woman currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Saint Cloud VA Mortgages

Not every veteran qualifies for a VA loan. In order to be eligible, veterans require:

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

The guarantee by the department of Veterans Affairs home loan in Saint Cloud FL is granted only when the home is for personal use of the client. However, the money can be used to buy the property, build it or to make changes to it, as per the requirements of the client.

Gathering a Certification of Eligibility for Saint Cloud VA Mortgages

For the request of a Certificate of Eligibility, in-service members of the armed forces need to have fulfilled specific time durations of service. On the contrary, the requirement criteria for the significant others of veterans to obtain a home loan is slightly different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which still alive but were disabled during service.

If you think you are eligible for a Saint Cloud Florida VA loanscontact 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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