Use your VA benefits to get into your dream home today! Are you a veteran, member of the military or military spouse? You may qualify for a VA Loan in Colorado Springs. VA Loans offer flexible options as either Fixed Rate or Adjustable Rate mortgages. You may qualify for fast approval with less than perfect credit. Refinance up to 100% of your home or buy a new home with no down payment and never pay monthly insurance (PMI)!
The VA Loan Process in Colorado Springs
A VA loan works the same as most other home purchases. It starts with a buyer making a written offer to purchase a home under specific conditions (price, closing cost assistance, other contingencies), and then going through an approval process with a broker. The key difference with a VA loan is that the Department of Veterans Affairs requires that all homes purchased through this program meet certain habitability requirements. As a result, they will send out a home inspector and appraiser to make sure that the home is in good working order and is worth what you are paying.
How a VA Loan in Colorado Springs works
VA loans are available and provide the buyer the chance to finance 100% of the purchase price of the home. This means no down payment is required. It is important to note that buyers will still need to qualify for the loan. This means that lenders will look at your credit and ability to pay the mortgage. If you are in a troubling financial position, a lender may want to see you pay down debt.
To find out if you qualify for a VA Loan in Colorado Springs, contact 719 Lending today! We are the VA Loan specialists in Colorado Springs.
- Available for active duty military, reservists, National Guard, veterans, and military spouses in some circumstances.
- Buy a home with no money down (primary home).
- Refinance up to 100% of your primary home’s value.
Have questions regarding a VA Loan in Colorado Springs? Give us a call! One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!
**719 Lending is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.