Capital Home Mortgage Colorado

Colorado VA Home Loans

VA Mortgage Lender Colorado

VA Home Loan In Colorado

VA home loans are a type of mortgage loan that helps eligible Servicemembers, Veterans, and surviving spouses acquire, construct, repair, retain, or adapt a home for personal occupancy. Private lenders, such as banks and mortgage companies, provide VA home loans. Still, the Department of Veterans Affairs (VA) guarantees a portion of the loan against loss, allowing the lenders to offer more favorable terms. Two primary programs for obtaining VA home loans are VA direct home loans and VA-backed home loans. The VA provides VA direct mortgages, whereas VA-backed mortgages are provided by private lenders and guaranteed by the VA. 

VA home loans can be used to purchase, build, improve, or refinance a property, but borrowers must still meet specific credit and income requirements. The loan limits for VA home loans can vary by location and change annually. As of 2023, the conforming or conventional loan limit for a single-family home in the continental United States is $726,200.

Eligibility Requirements of a VA Loan

To get a VA loan, you must meet specific requirements about your military time, credit, and income. In general, you must be a qualified veteran or service spouse with available VA loan entitlement, use the loan for an eligible purpose (buying a home), live in or plan to live in the home within a reasonable amount of time (usually within 60 days of closing) and have good credit.

You may be eligible for a VA loan if you:

  • Have completed 90 days of continuous active duty.
  • To qualify as a veteran, you must have served at least 90 days during a war or 181 days during peacetime.
  • Have at least six years of active Reserves or National Guard duty.
  • Meet additional requirements, such as premature discharge, force reduction, particular medical problems, or a disability related to service.

To qualify for a VA-guaranteed home loan, in addition to the service-related requirements, you must also have good credit, a sufficient income, and a current Certificate of Eligibility (COE). Although the VA does not specify a minimum credit score, it is typically advised that borrowers have a credit score between 580 and 620 to be eligible for a VA loan.

To apply for a COE, send a completed VA Form 26-1880, Request for a Certificate of Eligibility, and proof of military service, to the appropriate VA Eligibility Center. To qualify for VA home loan benefits, you must not have been dishonorably discharged, and your yearly household income and individual net worth must match particular restrictions imposed by Congress.

Pros and Cons of a VA Home Loan

VA home loans have various advantages and disadvantages that prospective borrowers should evaluate.

  • Pros

    • No down payment: One of the most significant benefits of VA loans is that qualified borrowers can borrow up to the maximum amount that a lender is willing to lend without making a down payment.
    • Less stringent credit standards: VA loans generally have less strict credit requirements than conventional loans.
    • No mortgage insurance premiums: Because VA loans do not require mortgage insurance charges, the overall cost of the loan is reduced.
    • Lower interest rates: When compared to conventional mortgages, VA loans often offer lower interest rates, which helps reduce monthly mortgage payments.
  • Cons

    • VA loan funding fee: The government charges a funding fee on all VA loans, regardless of credit history or down payment amount. However, if a borrower makes a down payment over 10%, the funding fee may be reduced.
    • Less flexibility: Borrowers with a VA loan may not be permitted to waive certain contingencies, such as a home inspection or appraisal, which can make their loan offer less appealing to the seller.

Before deciding whether a VA home loan is the best option for your specific situation, it is essential to consider these pros and cons.

Apply for a VA Home Loan

Are you a veteran looking for a decent house in Colorado to call your own? Capital Home Mortgage’s VA home loan might assist you in making your dream a reality. As a direct mortgage lender, we are dedicated to helping you obtain the funding you seek without the usual challenges. 

Let’s talk about your VA home loan requirements right now. Call (303) 226-1177 to speak with one of our knowledgeable loan officers

VA Home Loans Alaska

VA home loans are mortgages backed by the U.S. Department of Veterans Affairs. It is intended to assist qualifying veterans, active-duty service personnel, and surviving spouses in becoming homeowners. VA home loans are offered by private lenders. The VA guarantees a portion of the loan, allowing the lender to provide the borrower with more advantageous terms.

Home loans offered by the VA can be used for any of the following: purchasing, building, improving, or refinancing a home. Borrowers who meet the criteria for eligibility still need to have the minimum credit and income requirement necessary for the loan amount they wish to take out.

Qualification Requirements of a VA Home Loan

Multiple active duty service requirements must be met to qualify for a VA home loan, and these requirements vary depending on the length of time served.

If you served between August 2, 1990, and to present, you must have either: 

  • At least 24 consecutive months of service, the entire period (of at least 90 days) for which you were called or ordered to active duty, or you must have served for the whole time you were called or ordered to active duty;
  • At least ninety days if you were discharged due to a reduction in force or a hardship; 
  • At least ninety days if you were discharged due to a hardship or a reduction in force. Less than ninety days if you were discharged due to a service-connected disability.

If you served between August 8, 1980, and August 1, 1990, you have met the minimum active-duty service requirement if you served for:

  • At least 24 months in a row, or; 
  • The full-time you were called to active duty (at least 181 days) or;
  • At least 181 days if you were let go because of a hardship or a cut in force. Less than 181 days if you were let go because of a service-related disability.

For complete eligibility requirements about VA home loans, visit the VA housing assistance page. 

Qualifications for a VA-backed mortgage loan include good credit, regular income, and a current Certificate of Eligibility (COE). Moreover, one must be the primary occupant of the dwelling.

For a home to be eligible for a VA loan, it must meet the VA Minimum Property Requirements (MPRs) set forth by the Department of Veterans Affairs. The property’s safety and condition depend on your compliance with these regulations.

Apply For A Washington VA Home Loan

At Capital Home Mortgage, we aim to simplify the application process. We handle your application from beginning to end and assist you in locating the most suitable loan program for your needs. Direct mortgage lending allows us to provide competitive interest rates and low fees. Call us at (253) 528-4417 and get your Washington VA loan today.

Mortgages backed by the U.S. Department of Veterans Affairs are known as VA loans. It is designed to help eligible veterans, active-duty service members, and surviving spouses buy homes. Private lenders provide VA home loans. A portion of the loan is secured by the VA, enabling the lender to offer the borrower better terms.

The VA provides house loans that can be used for any of the following: buying, constructing, remodeling, or refinancing a home. Even if a borrower meets the qualifying requirements, they still need to fulfill the minimum income and credit requirements for the loan amount they want to take out.

VA Home Loan Qualification Requirements

To be eligible for a VA home loan, you must fulfill a number of active duty service requirements, and these requirements change based on how long you were on active duty.

Depending on when you served, between August 2, 1990, and the present, you had to have:

a minimum of 24 consecutive months of service, a minimum of 90 days during which you were summoned or ordered to active duty, or a minimum of 24 consecutive months during which you served;
if you were let go owing to a hardship or reduction in force, at least 90 days;
if you were let go owing to hardship or a decrease in the force, at least ninety days. if your discharge was brought on by a disability related to your service, less than 90 days.

If you served between August 8, 1980 and August 1, 1990, you have satisfied the minimal amount of active-duty service requirement if you did any of the following:

At least 181 days if you were released due to hardship or a reduction in force, or at least 24 consecutive months if you were called to active duty. Less than 181 days if you were fired due to a disability acquired while serving.

Visit the VA housing assistance page for a detailed list of requirements for VA home loans.

A current Certificate of Eligibility, solid credit, and regular income are requirements for a VA-backed home loan (COE). Additionally, the residence’s primary occupier must be the applicant.

A home must satisfy the VA Minimum Property Requirements (MPRs) established by the Department of Veterans Affairs in order to qualify for a VA loan. Your adherence to these rules will determine the safety and condition of the property.

Apply for a VA mortgage in Alaska

The application procedure is intended to be made simple at Capital Home Mortgage. We manage your application from start to finish and work with you to identify the best loan package for your requirements. We can offer cheap costs and reasonable interest rates thanks to direct mortgage lending. Contact us at (907) 531-5048 to apply for an Alaska VA loan right away.

Why Colorado HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Control of the Loan from Application to Funding

Great Rates & Low Fees

Direct Lender Providing Competitive Rates and Low Fees

Exceptional Customer Service

7  Day a Week Support Application to Final Mortgage Payment

Colorado Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Colorado VA Purchase Loans

VA Purchase Mortgage Lender

Proudly Serving Active Duty, Retired and Disabled Veterans obtain homeownership.  Call today to speak to a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed
  • No Monthly Mortgage Insurance
  • Seller concessions to 4%
  • higher debt to income Allowed
  • Manufactured homes permitted

Colorado VA Refinance

VA Refinance Mortgage Lender

Proudly Serving Active Duty, Retired and Disabled Veterans to Save Money.  Call today to speak to a VA loan officer.

  • VA IRRRL Rate & Term
  • Streamline Option
  • No Appraisal Required
  • No Income Verification
  • Cash-Out or Loan Conversion
  • Full Documentation
  • Appraisal Required
  • Income Verification Required

Colorado VA Ellgibility

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability
Colorado Mortgage Programs

Colorado Home Purchase

Thinking of Buying a Colorado Home?

Looking to Purchase a Home? We have the loan for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Colorado renovation home loans

Looking to Rehab a Colorado Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Colorado FHA Home Loans

Great for 1st Time Colorado Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Colorado VA Home Loans

100% Financing for Colorado Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Colorado Conventional Home Loans

Flexibility for Colorado Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Colorado Jumbo Home Loans

Colorado Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Colorado USDA Home Loans

100% Rural Colorado Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Colorado Native American Loans

Colorado HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Colorado Manufactured Home Loans

Great Alternative Colorado Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

  • Existing Purchase or Refinance
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Colorado reverse mortgages

Your Colorado Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Colorado Non QM Home Loans

Making Colorado Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Colorado One Time Close mortgages

Build Your Colorado Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Colorado Refinance Mortgage Loans

Colorado Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Colorado Cash-out Home mortgages

Colorado Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Colorado Mortgage Team

Dale Gremillion

Manager
NMLS 210325

Brad Rund

Director Native American Lending
Director Manufactured Housing

Conor Hayhurst

Manager
NMLS 743506

Kathy Rubin

Sr Loan Officer
NMLS 204449

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