Denver and Boulder VA Loans
If you are a veteran looking to purchase a house in Denver or Boulder, Colorado, you will definitely want to take advantage of the VA Loan program. The VA Loan Guaranty program is one of the most helpful benefits for veterans and active military personnel. Whether you are relocating to Denver or Boulder, are a first time buyer, or looking for a bigger family home, the VA has made it easier and more affordable than ever to obtain a loan for that dream home.
Eligibility
There are several factors that determine your eligibility for a VA Loan in Boulder and Denver. The first is you must have served the required time in the military which ranges from 90 to 181 days depending on the situation, and you must have left with an honorable discharge. Then, you will have to submit your credit score and proof of income. Even if your credit scores are low, the VA makes it easier to obtain a loan than it would be with a conventional loan.
Benefits
One of the major benefits of going through the VA to buy a home in the Denver and Boulder areas is that there is no need for a down payment. The VA guarantees up to half the loan amount, so not only do you not have a down payment, but you also don’t have to pay Premium Mortgage Insurance. Many times you will also be able to secure a better interest rate, making the whole process much more affordable.
Once you have purchased your dream home, the VA has also made it incredibly easy to refinance with an Interest Rate Reduction Refinancing Loan (IRRRL). The IRRRL is also called the VA Streamline Loan due to the quick, simple nature of the process.
If you are an eligible veteran looking to purchase a home, the VA Loan guaranty is a much simpler, more affordable choice over a conventional loan. If you have a house in Denver or Boulder with a traditional loan, you still have the option to purchase your next home with a VA Loan.
Getting Started in Denver or Boulder
Use this link to apply for a VA mortgage now in Denver or Boulder Colorado. It’s never been easier so take advantage of this free quote request and start comparing rates today.
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