Sanford VA Loans

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A Sanford VA home loan is a mortgage issued by private lenders that are backed by the VA department so that the process of obtaining a mortgage can become simpler for veterans. The money is then lent by the lenders themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Sanford Florida VA Home Mortgage Loan?

There are four types of people who can request Sanford VA home mortgage loans. These are:

• Veterans who served with the U.S. armed forces.
• Military men and woman which.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Sanford VA Mortgage Loans

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

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

The VA-guaranteed mortgage in Sanford Florida is granted only when the house is for individual use of the client. However, the funds can be used to purchase the home, develop it or to make improvements in it, as per the needs of the client.

Gathering a COE for Sanford VA Home Loans

For the request of a COE, service men and women of the armed forces and veterans need to have completed specific time durations of service. On the contrary, the eligibility criteria for the spouses of vets to get a home loan is somewhat different. It consists of:

• Spouses of deceased veterans 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 alive but have been disabled during service.

If you think you are eligible for a Sanford Florida VA home loancontact 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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