Military Home Loans
The Department of Veteran's Affairs helps military veterans, active duty members, reservists and national guard, and qualifying surviving spouses purchase a home. Some of the highlights are:
100 percent financing with full VA entitlement
No money down loans up to $510,400 or higher if qualified
No private mortgage insurance
Fixed- or adjustable-rate mortgage choices
VA funding fees can be rolled into the loan
4% allowable Contribution from Seller
No prepayment penalties
Veterans Affairs Loan Requirements
- Veteran's VA Certificate of Eligibility
- Past 2 years W2's
- Pay stubs or LES for most recent 30 days
- 2 months of most recent bank statements
- Copy of DD form 214, if discharged
- Credit score minimum of 580
I am a veteran myself having served in the Air Force and went to Lowry AFB for training prior to its closure. I would be honored to help you.
To confirm your eligibility for a VA loan, you’ll first need a Certificate of Eligibility (COE).
Do You Want to Refinance your VA Loan?
You are able to refinance your Colorado VA loan into another VA loan (IRRRL) if the interest rate is less than what you have now. Additional reasons to strongly consider this are:
Interest rates are in the low 2's (as of Aug. 10, 2020)
NO money out of pocket or minimal fees
NO appraisal for no cash out refinances
Available even if you don't live in the property anymore!!
Let a veteran get you a VA mortgage for your home in Colorado Springs or anywhere else in Colorado.