VA Loan Colorado
YOU HAVE SERVED YOUR COUNTRY, NOW LET YOUR COUNTRY SERVE YOU with a VA Loan Colorado.
LET THE COMMANDER AND CHIEF PAY YOU TO BUY A HOME
Steps to home ownership:
- Were you active duty and served our Country for 181 days during peace?
- Were you active duty and served our Country for 90 days during war time?
- Have you served 6 years in the Reserves or National Guard?
- Are you a widow or widower of a service member deceased in the line of duty?
Why do a Colorado VA Loan?
The Veterans Affairs Department guarantees no-down-payment mortgages for qualified veterans. Private lenders originate a Colorado VA Loan, which the VA guarantees. There is no mortgage insurance. The borrower pays a funding fee, which can be rolled into the loan amount.
Low Funding Fee. The VA funding fee varies, depending on whether the veteran served in the regular military or in the Reserves or National Guard, and whether it’s the veteran’s first VA loan or a subsequent one. The funding fee can be as low as 2.15% or as high as 3.3%.
NO DOWN PAYMENT is needed. There are very limited programs that allow you to buy a home and not put any money down. You can finance the entire purchase price. That is 100% of the price of the home and $ 0.00 down payment.
FHA and HUD or Conventional and Fannie Mae or Freddie MAC will require 3.5% to 10% down in most markets in the United States. On a 100,000 purchase this can be from 3,500 to 10,000.
Lower Monthly Payment. Colorado VA Mortgage Loans may also give you a lower monthly payment. VA is one of the few loans left that do not require any private mortgage insurance. This is a fee that will make your payment much higher then you as a VETERAN need to pay. The PMI is not needed on a VA loan.
Qualification made easy. With the amount of foreclosures in the United States getting qualified for a mortgage can be overwhelming for people. The guidelines are made to help the Veteran not to hinder them. This means an easier loan approval for you.
VA Home Loan Colorado
We custom design and tailor VA Home Loan Colorado so that your Colorado VA Mortgage best fits you and your family. There can be low to no closing costs for a Colorado VA Loan.
Call immediately to get pre-approved. USE THE OBAMA TAX CREDIT AND BE PAID TO BUY YOUR HOME.