Saint Cloud VA Loans

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A Saint Cloud Florida VA home mortgage is a mortgage loan issued by private lenders that are supported by the VA department so that the process of obtaining a mortgage loan can become easier for veterans. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

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

There are four types of people who can request Saint Cloud VA mortgage loans. These are:

• Veterans who served with the U.S. armed forces.
• Military personnel who} are {on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Saint Cloud VA Mortgage Loans

Not every veteran is eligible for a VA home 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 Saint Cloud Florida is granted only when the home is for personal use of the client. However, the money can be used to buy the property, develop it or to make improvements in it, as per the needs of the client.

Requesting a Certification of Eligibility for Saint Cloud VA Loans

For the obtainment of a COE, in-service members of the armed forces and veterans need to have fulfilled specific time amounts of service. On the contrary, the eligibility criteria for the spouses of veterans to get a home mortgage is slightly different. It consists of:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• 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 Saint Cloud 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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