Winter Garden VA Loans

apply-now-today

A Winter Garden Florida VA mortgage is a home loan offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a home mortgage loan can become simpler for vets. The actual money is lent by the lenders themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Qualified for a Winter Garden FL VA Mortgage?

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

• Veterans who served with the U.S. military.
• Military men which are currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Winter Garden VA Mortgages

Not every veteran is eligible for a VA loan. In order to be eligible, veterans require:

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

The guarantee by the department of Veterans Affairs mortgage in Winter Garden FL is granted only when the house is for individual use of the borrower. However, the money can be used to purchase the home, develop it or to make changes to it, as per the needs of the borrower.

Requesting a COE for Winter Garden VA Mortgage Loans

For the gathering of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time durations of service. On the other hand, the requirement criteria for the significant others of veterans to get a mortgage is somewhat different. It consists of:

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

If you think you are eligible for a Winter Garden Florida VA home loancontact 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