Winter Springs VA Loans

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A Winter Springs VA mortgage loan is a home loan 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 funds are lent by the mortgage companies 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 Loan?

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

• Veterans who served with the United States military.
• Military soldiers which are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Winter Springs VA Mortgage Loan

Not every veteran qualifies for a VA mortgage. In order to be eligible, 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 house is for individual use of the client. However, the funds can be used to buy the house, develop it or to make improvements in it, as per the requirements of the client.

Obtaining a COE for Winter Springs VA Home Loans

For the obtainment of a Certificate of Eligibility, in-service members of the armed forces and veterans need to have completed specific time amounts of honorable service. On the other hand, the eligibility criteria for the spouses 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 missing in action or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which alive but were disabled during service.

If you think you might be eligible for a Winter Springs Florida VA mortgage 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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