VA Mortgage Loans in Durango CO and 100% Durango CO VA Loans - the best loan program in Colorado!
Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the main features of this great program:
- Up to 100% financing, with no down required.
- Monthly mortgage insurance is not tacked on to your payment.
- More lenient credit qualifying standards than other types of mortgage loans.
- Low rates compared to other loan programs.
How do you know if you qualify for a VA Mortgage Loan in Durango CO?
First of all, you must verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. You can work with an approved Colorado VA mortgage loan lender to order your COE quickly, or you can contact the VA to obtain a copy. Honorably discharged Vets will need their DD214. Next, you must get pre-approved with an experienced VA lender.
It is essential that you contact a lender who knows the VA Mortgage Loan program and all of the differences compared to other loan programs. Get pre-approved here: http://ecoloradovaloan.com/colorado-va-loan-pre-approval/
The pre-approval involves a credit check and supporting documentation such as paystubs and bank statements. Although there is no down payment required for VA Mortgage loans, it's important not to forget that there are VA closing costs involved in every transaction. Your lender should prepare you for this, but nonetheless, don't confuse no down payment with meaning nothing is due at closing!
There are ways to finance the closing costs if you don't have money available for closing. Your lender can help you with these options. Learn more about your VA Home Loan benefits by visiting the Denver Regional VA Office Website: http://www.benefits.va.gov/denver/
It is critical that you work with a local lender who understands the unique aspects of VA Mortgage Loans. We have specialized in 100% VA Mortgage Loans and VA Mortgage Loans in Durango Colorado for over 12 years and would be honored to answer any questions you may have.
It doesn't cost a penny to call! Call RJ Baxter at 303-670-0137or visit our va website at http://www.ecoloradovaloan.com.
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