Winter Garden VA Loans

apply-now-today

A Winter Garden Florida VA mortgage is a mortgage loan offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of getting a mortgage can become easier for vets. The money is then 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 Winter Garden FL VA Home Mortgage Loan?

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

• Veterans who served with the United States 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 Loans

Not all veteran is eligible for a VA home 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 guarantee by the VA loan in Winter Garden FL is granted only when the house is for personal use of the client. However, the money can be used to purchase the house, develop it or to make improvements in it, as per the needs of the client.

Requesting a COE for Winter Garden VA Mortgages

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

• 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 were disabled during service.

If you think you are eligible for a Winter Garden Florida VA mortgagecontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News