Winter Garden VA Loans

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A Winter Garden VA home loan is a mortgage issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of obtaining a mortgage loan can become simpler for veterans. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Qualified for a Winter Garden FL VA Mortgage Loan?

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

• Veterans who have served with the U.S. military.
• Military soldiers which are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Winter Garden VA Home Loans

Not all 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 loan in Winter Garden FL is granted only when the home is for personal use of the client. However, the money can be used to buy the house, build it or to make changes to it, as per the requirements of the client.

Obtaining a Certification of Eligibility for Winter Garden VA Mortgages

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time durations of honorable service. On the other hand, the eligibility criteria for the spouses of vets to obtain a home loan is slightly different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans who are alive but have been disabled during service.

If you think you are eligible for a Winter Garden 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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