Colorado VA Veterans Home Mortgage Loans

Your Online Resource for Colorado Veterans Administration (VA) Home Mortgage Loan Financing and Refinancing.

If you need a Colorado VA home mortgage loan our licensed loan officers will help you with your needs. When you apply online or over the phone, we will help you find the best interest rates on a home loan.

Veterans Administration guaranteed home loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy available here in Colorado. The guaranty means the lender is protected against loss if you or a later owner fail to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms. if your a Veteran, the VA home loan option for you here in Colorado might be a great way to go since there are so many VA loan programs by lender available here in Colorado.

If you have served or are currently serving our country, a VA mortgage is perfect way to make a purchase with no down payment.

  • No money down 100% financing available for veterans
  • No private mortgage insurance (PMI) needed
  • You do not have your income qualify
  • Nontraditional credit history is considered
  • You can make a prepayment of the loan without penalty
  • Seller may contribute up to 6% toward the closing costs

There is no maximum to a Veterans Administration guaranteed home loan but lenders will generally limit VA loans to $417,000. This is because lenders sell the loan on the secondary market, which currently places a $417,000 limit on the loans. For loans up to $417,000, it is usually possible for qualified veterans to obtain no down payment financing.

  1. Select a home and discuss the purchase with the seller or selling agent to inform them that you might be looking into the VA option. Sign a purchase contract conditioned on approval of your VA home loan.
  2. Call us at 855-529-5222 and present us with your Certificate of Eligibility and complete a loan application. We can get the cert for you if you like or you can call the VA office and they can email one to you
  3. We will develop all credit and income information for the loan. We will also request VA to assign a licensed appraiser to determine the reasonable value for the property. A Certificate of Reasonable Value will be issued. Note: You may be required to pay for the credit report and appraisal unless the seller agrees to pay.
  4. We will let you know the decision on the loan. You should be approved if the established value and your credit and income are acceptable.
  5. You (and spouse) attend the loan closing here in Colorado or if you not here we can overnight the loan documents to you for signing. We or closing attorney will explain the loan terms and requirements as well as where and how to make the monthly payments. Sign the note, mortgage, and other related papers.
If you have any questions about a this financing program, please feel free to contact us at 855-529-5222 today to speak with a consultant. We have cut the middle man and large corporate overhead to bring you the best possible rates and lowest fee.

If this progam is right for you please give us a call and we will go over all the options for you.

 

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