$0 down. No monthly mortgage insurance. Built for the people who serve at Fort Carson, Peterson, Schriever, and the U.S. Air Force Academy.
You earned this benefit — we make sure you use it the right way. 719 Lending is a local Colorado Springs VA lender that knows the bases, the appraisers, the neighborhoods, and the PCS timelines. No call centers, no runaround. Rated 4.9★ on Google by hundreds of local homeowners. (719 Lending, NMLS #1601989 — Equal Housing Lender.)
Get My VA Rate » | Start Pre-Approval | Call or text (719) 888-5253
VA loans in Colorado Springs, done right
Colorado Springs is one of the most concentrated military communities in the country — Fort Carson, Peterson Space Force Base, Schriever Space Force Base, the U.S. Air Force Academy, and Cheyenne Mountain. A VA loan is the single most powerful home-buying benefit available to the service members, veterans, and families here. Most national lenders treat it like a checkbox. We don’t — this is what we do, in the town where you do it.
What is a VA loan?
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members, National Guard and Reserve members, and surviving spouses. Because the VA guarantees part of the loan, lenders can offer terms no conventional loan can match — most notably $0 down and no monthly mortgage insurance. New to all this? Start with our plain-English guide: How VA Loans Work.
Benefits of a VA loan
- $0 down payment — finance up to 100% of the purchase price (a one-time VA funding fee applies for most borrowers; see below).
- No monthly mortgage insurance (PMI) — unlike FHA or low-down conventional loans, saving you hundreds a month.
- Competitive interest rates — often lower than conventional, with no rate penalty for putting little or nothing down.
- Limited closing costs — the VA caps certain fees a lender can charge you, and sellers may pay up to 4% toward your costs. See VA seller concessions and VA closing costs.
- No prepayment penalty — pay ahead or refinance anytime.
- Reusable & assumable — restore your entitlement and use it again; you may even have more than one VA loan at a time.
- Flexible credit — VA looks at your full picture. See minimum credit score for a VA loan and getting a VA loan after bankruptcy.
VA loans for the Colorado Springs military community
- Fort Carson (Army): buying in Fountain, Security-Widefield, or southern Colorado Springs — we know the commutes, the inventory, and the appraisal landscape near post.
- Peterson SFB & Schriever SFB (Space Force): eastern Colorado Springs, Falcon, and Peyton, including newer construction — see VA construction loans.
- U.S. Air Force Academy: northern Colorado Springs, Monument, and the Tri-Lakes area.
- Cheyenne Mountain SFS / NORAD: Broadmoor and the southwest neighborhoods.
- PCS timing: orders move fast. We close on military timelines — read PCS orders & VA loan timing rules that actually matter.
Are you eligible for a VA loan?
Most borrowers qualify through one of these service paths (requirements vary — we confirm your Certificate of Eligibility for you):
- 90 consecutive days of active service during wartime, or
- 181 days of active service during peacetime, or
- 6 years in the National Guard or Reserves, or
- You are the surviving spouse of a service member who died in the line of duty or from a service-connected disability.
We pull your Certificate of Eligibility (COE) during pre-approval — you don’t need it in hand to start. Dig deeper: VA loan eligibility — a simple guide.
VA loan limits & entitlement in El Paso County
Here’s the most common myth, corrected: if you have your full VA entitlement, there is no VA loan limit. You can borrow as much as you can afford and the appraisal supports, with $0 down. If you’ve already used part of your entitlement, your remaining entitlement is tied to the conforming loan limit for El Paso County. Not sure where you stand? Run the numbers with our Maximum VA Loan & Entitlement Calculator, or read VA entitlement explained. (Loan-limit figures change annually — we confirm the current El Paso County number with you.)
The VA funding fee
Most VA borrowers pay a one-time funding fee (it can be rolled into the loan). It replaces monthly mortgage insurance and keeps the program self-sustaining. Current fees (source: VA.gov, effective April 7, 2023, verified June 2026):
| Purchase loan | First use | Subsequent use |
|---|---|---|
| Less than 5% down | 2.15% | 3.3% |
| 5%–9.99% down | 1.5% | 1.5% |
| 10% or more down | 1.25% | 1.25% |
Cash-out refinance: 2.15% (first use) / 3.3% (after). IRRRL streamline: 0.5%. You may be exempt from the funding fee entirely if you receive VA compensation for a service-connected disability (and certain other categories) — we check your status before you pay a dime. Full breakdown: the VA funding fee guide.
VA loan options we offer
- VA Purchase — $0-down home purchase (this page).
- VA Streamline (IRRRL) — lower your rate fast, often no appraisal: Colorado Springs VA IRRRL.
- VA Cash-Out Refinance — tap your equity: Colorado Springs VA cash-out.
- VA Construction — build new: VA construction loans.
- Compare every program: Colorado Springs loan options.
The VA loan process in Colorado Springs
- Talk to a local VA expert (15 minutes) — your goals, timeline, and questions.
- Get pre-approved — we pull your COE and verify income and credit.
- Find your home — shop with confidence; we coordinate with your agent.
- VA appraisal & underwriting — we manage the VA appraisal and conditions.
- Close — sign and get your keys, on your timeline.
The VA also sets minimum property requirements (MPRs) to protect you. Curious about income? VA uses a unique residual income test rather than a single salary number.
Estimate your VA payment & entitlement
See your maximum VA loan, entitlement, and an estimated payment in seconds with our Maximum VA Loan & Entitlement Calculator. (Results are estimates, not an offer of credit.) Prefer to talk it through? Request your VA quote.
Why Colorado Springs veterans choose 719 Lending
Local, veteran-focused, and we actually answer the phone. 4.9★ on Google — here’s what your neighbors say:
“Michael Romero was kind, understanding, and patient… he made it happen with the help of his team. Thank you for my new home — I love it.” — Tracy F., Google review
“Josh Miller made the home-buying process straightforward and stress-free from start to finish… he followed through on everything he promised.” — Logan T., Google review
Read more on our reviews page.
Reviewed by the 719 Lending VA loan team · 719 Lending, NMLS #1601989 · Verify on NMLS Consumer Access. Last reviewed: June 2026.
Ready to use your VA benefit?
Get My VA Rate » | Start Pre-Approval | Call or text (719) 888-5253 | info@719Lending.com
VA loan FAQ
What is the VA loan limit in Colorado Springs?
If you have full VA entitlement, there is no loan limit — you can borrow what you can afford with $0 down, subject to the appraisal. With reduced entitlement, your limit ties to the conforming loan limit for El Paso County. Use our VA entitlement calculator to see your number.
What is the current VA mortgage rate in Colorado?
VA rates change daily and depend on your credit, loan amount, and the market, so we don’t post a teaser rate that won’t be yours. Request a quote for a real, personalized VA rate today.
How much do I need to make to buy a $400,000 home with a VA loan?
It depends on your debts, credit, and the VA’s residual-income requirement rather than a single salary figure. See how VA residual income works — we’ll run your exact scenario in minutes.
Do VA loans really require $0 down?
Yes. Eligible full-entitlement borrowers can finance 100% of the purchase price. A one-time funding fee applies for most borrowers (and can be financed); some are exempt.
Is there monthly mortgage insurance on a VA loan?
No. VA loans have no monthly PMI — one of the biggest savings versus FHA or low-down conventional loans.
719 Lending — NMLS #1601989. Equal Housing Lender. This is not a commitment to lend; all loans are subject to credit approval, VA eligibility, and property appraisal. VA funding-fee, loan-limit, and entitlement figures are current as of June 2026 and subject to change — verify current figures with your loan officer or VA.gov. 719 Lending is not affiliated with or endorsed by the U.S. Department of Veterans Affairs or any government agency.