Sanford VA Loans

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A Sanford VA mortgage is a home mortgage loan provided by private lenders that are supported by the VA department so that the process of applying for a home loan 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 borrowers among the veterans.

Who is Eligible for a Sanford Florida VA Home Mortgage?

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

• Veterans who have served with the United States armed forces.
• Military men who are currently active on duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Sanford VA Loans

Not all veteran is eligible for a VA mortgage 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 home loan in Sanford Florida is granted only when the home is for personal use of the borrower. However, the funds can be used to purchase the home, develop it or to make changes to it, as per the needs of the borrower.

Requesting a Certification of Eligibility for Sanford VA Home Loans

For the gathering of a COE, in-service members of the armed forces need to have completed specific time amounts of service. On the contrary, the eligibility criteria for the significant others of veterans to obtain a 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 those veterans which alive but were disabled during service.

If you think you might be eligible for a Sanford Florida VA mortgagecontact 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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