Winter Springs VA Loans

apply-now-today

A Winter Springs FL VA home loan is a mortgage offered by private lenders that are supported by the VA department so that the process of applying for a mortgage loan can become easier for vets. The actual money is lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Winter Springs Florida VA Home Loan?

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

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

Eligibility Requirements for Winter Springs VA Home Loans

Not all veteran is eligible for a VA home loan. In order qualify, veterans require:

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

The guarantee by the VA mortgage loan in Winter Springs Florida is granted only when the home is for individual use of the borrower. However, the funds can be used to buy the property, build it or to make changes to it, as per the needs of the borrower.

Gathering a Certification of Eligibility for Winter Springs VA Mortgage Loans

For the obtainment of a COE, in-service members of the armed forces need to have fulfilled specific time durations of honorable service. On the contrary, the eligibility criteria for the spouses of veterans to obtain a home loan is somewhat different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which alive but were disabled during service.

If you think you are eligible for a Winter Springs Florida VA loanscontact 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