Denver Colorado Veterans Secret VA Home Loan Tips To Get The Most From Their VA Home Loans With Less Fees
So everyone knows a Denver Colorado Real Estate VA loan is a no money down home loan. Here are three things you may not know.
1) If you put down a little bit you will Shrink your FUNDING FEE. The only downside of a VA loan is that it has a fee to the VA. Learn to calculate that fee by going here. As you see from the chart the amount reduced is greatest on a second time use. The amount can drop from 3.3% to 1.75% with 5% down. That means by paying down a $10,000 on a $200,000 debt (the VA loan) you can save over $3000 in fees. That’s a 30% return on the debt day one.
2) Make sure you check your Denver Colorado VA disability amount if you have any. A very small amount can make your VA funding fee disappear. Then you have a NO money down loan, with NO MI, and no VA fee, and the rate is better than a 20% down conventional loan. The Absolute best loan in the market.
3) If you are Denver home buyer looking to purchase a home over $417,ooo you can STILL USE THE VA loan, and you don’t have to pay the rest in cash. You only need to pay 25% of the difference. So if the price is $450,000 you pay 25% of the $33,000 or $8250. And a $500,000 loan would only be $20,750 down, no monthly MI, And a Better rate that Jumbo or Conventional Conforming.
Kevin Guttman
Sr Mortgage Banker
Top Colorado VA Home Loan Originator
877-251-9709
Colorado Springs, CO 80920
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