VA Loans in Colorado Springs, Colorado
What is a VA Loan?
A VA Loan is a federally backed mortgage product for active-duty military, veterans, and military spouses. The United States Department of Veteran Affairs backs a portion of the mortgage. This allows Movement Mortgage the ability to provide more favorable terms to service members.
A purchase VA loan helps eligible borrowers buy a home at a competitive interest rate. Additionally, a VA loan with Movement Mortgage does not require a down payment * . These purchase benefits help service members own property in Colorado Springs. *Other VA-permissible fees may apply.
VA Loan Refinance
There are two types of refis: cash out and interest rate reduction refinance loan (IRRRL). A cash-out refinance allows the borrower to pull equity out of their home in the form of cash.Often, cash-out refinances are used to consolidate debt, home renovation projects, or purchase a vehicle, and more. On the other hand, an IRRRL is used to lower your interest rate by refinancing your VA loan. This can lead to lower monthly payments and more cash in the borrower’s pocket every month. VA Loans are a powerful tool for active-duty military and veterans. However, there are a few requirements that determine a borrower’s eligibility.
VA Loan Refinance
There are two types of refis: cash out and interest rate reduction refinance loan (IRRRL). A cash-out refinance allows the borrower to pull equity out of their home in the form of cash.Often, cash-out refinances are used to consolidate debt, home renovation projects, or purchase a vehicle, and more. On the other hand, an IRRRL is used to lower your interest rate by refinancing your VA loan. This can lead to lower monthly payments and more cash in the borrower’s pocket every month. VA Loans are a powerful tool for active-duty military and veterans. However, there are a few requirements that determine a borrower’s eligibility.
VA Loan Eligibility
For borrowers to be eligible for a VA loan, military service is a necessity. From there, there are specific requirements around the length of service and honorable discharges. If you have questions about eligibility, get in touch with a VA loan originator.
Colorado Springs, Colorado
Colorado Springs, Colorado is a beautiful place to live and play. It’s located in the scenic Rocky Mountains of America’s southwest region. There are over 300 days of sunshine each year for those who like to enjoy outdoor activities such as hiking, fishing, camping and skiing. The city has been home to many famous people including John Elway (NFL Hall of Fame quarterback), Dr. Walter Munk (Nobel Prize winner) and Peter Finch (Oscar-winning actor). Additionally, Colorado Springs is the second most populated city in the state, housing over 460,000 residents.
The military influences throughout Colorado Springs can also be seen with Air Force Academy, Fort Carson Army Base and North American Aerospace Defense Command Headquarters located here too! As a major military hub, the five military institutions attribute to our diverse population. Because a large population of the community is made up of current and former service members, Movement Mortgage is dedicated to being a premier VA loan service provider. This means we are knowledgeable, efficient, and effective when it comes to helping service members purchase a home in Colorado Springs.
Why Movement Mortgage?
Movement Mortgage is a mortgage company that provides home financing to service members and their families. We care about the people we serve and are committed to providing them with excellent customer service at every turn. Movement Mortgage is proud of its culture because it allows us to provide exceptional, personalized service for our customers. Our employees are passionate about making a difference in our communities by supporting military heroes like you! Movement Mortgage is committed to serving America’s military and their families. Movement has been providing mortgage services to service members since 2008. With over 4,000 employees in more than 200 locations across the country, we have become a leading provider of home loans for veterans and active-duty military personnel nationwide. In addition to our residential lending products, we also offer refinancing options that can help you save on interest payments or lower your monthly payment by extending out your loan term.
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Grant Schneider
Market Leader - Movement Mortgage
NMLS #252034
Who is Grant Schneider?
I grew up in the Colorado Springs area and am happy to still call it home today, along with my wife, Lauren. I have worked in the mortgage industry for almost two decades and pride myself on providing unparalleled customer service. Additionally, I am passionate about the military and enjoy originating VA Loans in Colorado Springs.
Our Goal Is Impeccable Customer Service
Learn More About VA Loans in Colorado Springs
If you are a veteran, the VA mortgage is an excellent option for your next home loan. The VA guarantees 100% of the home loan so that you never have to worry about losing your house in case of foreclosure. It’s also possible to get up to $417,500 with no down payment and only requires a minimum 3.5% down payment on loans above this amount This post will break down what it means to be eligible for a VA mortgage and how it can benefit you as well as what steps need to be taken if you’re interested in applying.
How do I qualify for a VA loan in Colorado Springs?
What is a VA loan and how do I know if I qualify? Relax, we’ve got you covered. Apply for your Colorado Springs VA home loan today at GrantEasyApp.com!
Before you apply, learn what it means to be eligible for a VA mortgage.
Knowing whether or not we can qualify for a VA loan in Colorado Springs isn’t easy. So, when you want to learn more about how the VA makes loans, this is your resource. We have answers and guidance to help you make an informed decision about your financial future.
Military service members can qualify for a VA loan if they meet the eligibility standards. Our military experts will help find the answer to your question! Get a VA Loan in Colorado Springs with our easy-to-use online application. You can find out if you are eligible for this loan quickly and get your funding soon after submitting your application!
Our loans offer unbeatable terms including no down payment and veterans receive an automatic 100% guaranteed mortgage insured by the US Department of Veteran Affairs up to $417,000.
How much can you borrow with a VA loan in Colorado Springs?
Using a VA loan in Colorado Springs is a fantastic option for military service members. The government prides itself on providing family-friendly support across the board, and this product represents their commitment to that proposition. The minimum credit scores are favorable and the best part is – there’s no down payment!
VA loans are government-backed, which means you get most of your money upfront. Plus the interest rates can be fixed or variable so they’re easy to plan around. You also don’t have to provide a down payment with a VA loan! Find out more about Colorado Springs VA loans below and call us now for more information on what we offer!
How to find out if you qualify for a VA Loan in Colorado Springs, CO?
VA Loans are great mortgage produces with competitive interest rates and the flexibility to split payments over 10 years, 15 years, or 30-year terms.
Interesting VA loan facts you may not know: Qualified veterans can get up to $417,000 financing. Additionally, the Department of Veteran Affairs discusses VA loans in Colorado Springs by pushing VA eligible borrowers to use a preferred VA lender. Movement Mortgage is a preferred VA lender that can help veterans, active duty, and military spoused purchase a home with a VA loan.
Use a VA loan to purchase or refinance a home in Colorado Springs
The VA home loan in Colorado Springs is an excellent way to become qualified for your dream home or to refinance a property you are already living on. The Veterans Administration does the hard work, calculating eligibility and assisting with paperwork, so all that’s left is the financing.
VA loans are not only available for those who have served our country honorably- they also offer to fund for disabled veterans, members of reserve units called up to active duty lasting longer than 90 days (or still serving), widows or widowers of service personnel killed while on active duty, former military personnel deemed “essential civilians” by the Secretary of Defense without regard to the length of service and their immediate family members. With so many options available it’s time you got.
To find the right housing in Colorado Springs, treat it like making an investment. You want a product that’s going to give you a good return on your home purchase and not cost too much of your borrowing power. Luckily, there’s a VA loan that helps military members and their spouses buy or refinance with no down payment or mortgage insurance.
VA loans are one of the best home loan opportunities for veterans. They have low rates and flexible qualifications, so as long as you served several years in any branch of the military there’s a good chance you can take advantage of this costly-free financing opportunity. VA loans also don’t require a down payment and don’t factor in credit scores. Even if you’re not eligible for a traditional mortgage, we can work with you to find a way to buy into their housing market.
More VA loan purchase and refinance options
Buying a new home can be an exciting time, but it’s also a major financial undertaking. A VA mortgage helps take some of the sting out of the expense with potentially lower rates and flexible loan options that offer owner-occupied homes without recouping requirements.
A VA loan allows a service member to combine your new home purchase and the refinancing of your current home into one mortgage. This dual-purpose debt is intended to provide you with greater flexibility around how and when you pay for your property, as well as reduced monthly payments. You can even obtain cash out of the equity in your current home with this type of loan by paying off high-interest credit cards or consolidating other loans.
Act Now!
Colorado Springs is a beautiful place to live, but it can be difficult for military veterans and their families. If you are looking to buy or refinance your home in the area and have a VA loan eligibility, we talk to Movement Mortgage- a preferred VA lender. We know that buying or refinancing a home can be intimidating so let us help! Simply fill out this quick form on our website and someone will get back to you soon with an answer about whether or not you qualify for a VA Loan Today!
Location
1755 Telstar Drive, Suite 300
Colorado Springs, CO 80920
While it is Movement Mortgage’s goal to provide underwriting results within six hours of receiving an application, process loans in seven days, and close in one day, extenuating circumstances may cause delays outside of this window.
Grant: CA-DFPI252034, CO-100018028, KY-MC727677, NC-I-192868, SC-BFI-MLO – 252034, TN-217160, TX, VA-MLO-44724VA, WA-MLO-252034. Kendra: CO-100052484. Aric: CA-DOC-Temporary Authority, CO-100011170, KY-MC727787, NC-I-194714, TN-234683, TX-Temporary Authority, VA-MLO-44725VA, WA-MLO-257977 | Movement Mortgage, LLC supports Equal Housing Opportunity. NMLS ID# 39179 (For licensing information, go to: www.nmlsconsumeraccess.org) | 877-314-1499. Movement Mortgage, LLC is licensed by CA Department of Business Oversight under the California Residential Mortgage Lending Act # 4131054, CO # 39179, KY # MC85066, NC # L-142670, SC # MLS-39179, TN # 112748, TX, VA # MC-5112, WA # CL-39179. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits. “Movement Mortgage” is a registered trademark of the Movement Mortgage, LLC, a Delaware limited liability company. 8024 Calvin Hall Rd, Indian Land, SC 29707.
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