Colorado VA Loans

Housing prices in Colorado have come down significantly in the past couple years due to the poor housing market in the US. However, while the housing prices are low, it is now harder than ever to be approved for a good home loan. This is not the case for qualified veterans looking to relocate to Colorado. For members of the military and veterans, the VA offers a loan guaranty program which makes buying or building a new house easy and affordable. With a Colorado VA Loan, you can purchase a house with no down payment, no monthly insurance and at a low interest rate.

How to qualify

If you are looking to buy a house in Colorado with a VA guaranteed loan, the first step is to establish your eligibility. This can be done by submitting an eligibility form to the VA which can be found on their website. Once you have your Certificate of Eligibility (COE) you can then go ahead and either get pre-approved for a loan or find your house first. The decision is entirely up to you. Keep in mind that you have many options when it comes to who you can use as your private lender, so be sure to take your time choosing one. You can choose from a mortgage company, savings & loans or a bank, just as long as they are VA approved and participate in the VA Loan guaranty program.

Types of Repayment

Once you have found your house and chosen a lender, you will need to decide what type of repayment plan works for you. The VA offers five different repayment options: traditional fixed, traditional ARM, hybrid ARM, growing equity mortgage and graduated payments mortgage. Each one is designed to suit the individual needs of each borrower, so be sure to explore every plan with your lender.

The VA

Remember that the VA

VA
is there to make the home buying process as easy and stress free as possible for you. If you ever have any questions or find yourself having trouble making payments, the VA is there to help in any way they can.

How to Get Started Today

It’s never been easier to get started with a VA refinance. Simply fill out our secure 1-minute quote request form

1-minute quote request form
and start comparing rates today.

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