Winter Springs VA Loans

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A Winter Springs Florida VA mortgage loan is a mortgage loan issued by private lenders that are supported by the VA department so that the process of obtaining a home mortgage loan can become simpler for vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Qualified for a Winter Springs FL VA Home Mortgage?

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

• Veterans who served with the U.S. armed forces.
• Military men and woman 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 Springs VA Mortgages

Not all veteran qualifies for a VA loan. In order qualify, veterans require:

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

The guarantee by the VA mortgage in Winter Springs FL is granted only when the home is for personal use of the borrower. However, the money can be used to purchase the property, develop it or to make improvements in it, as per the needs of the borrower.

Obtaining a Certification of Eligibility for Winter Springs VA Loans

For the request 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 contrary, the requirement criteria for the significant others of veterans to get a mortgage loan is slightly different. It includes:

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

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