VA Loans

VA Loans for Colorado and New Mexico Veterans

The VA Home Loan Program was started in 1944 as a part of the GI Bill of Rights following World War II. It was created to reward those currently serving in the military and the veterans that have served our country. As part of the GI Bill, the government created a special government-insured mortgage program to minimize down payments, lower closing costs, and help those currently serving and veterans achieve the dream of homeownership.

• One of the primary benefits of VA Loans are that in most cases a down payment isn’t required and there is no limit to the size of the loan. It is one of the only home loan programs in the country without a required down payment or private mortgage insurance. The VA allows Veterans to pay up to 1% of their loan amount toward VA non-allowable fees.
• VA loan limit is $766,550 with Jumbo loans available with higher loan amounts available in high cost counties.
• VA Loans have interest rates and APR’s that tend to be lower when compared to other home loan mortgage programs. Individual interest rates for VA Loans are dependent on your personal situation. Some factors that can affect VA interest rates include your credit scores, how much your down payment is, the value of the home, etc.

Indigo Mountain Mortgage provides mortgage lending and VA Loans to all Colorado and New Mexico cities including Denver, Colorado Springs, Pueblo, Fort Collins, Durango, Santa Fe, Taos, Albuquerque and all cities in between.   We provide unmatched service and communication with the ability to serve you wherever and however you need.

For eligible veterans and their families, the VA home loan is a truly great financing option and one to explore with an experienced mortgage professional.

Ready to get started? CLICK HERE.

Refinance with a VA Home Loan

Interested in refinancing? Ask me and my team about refinancing with a VA Home Loan to help you buy, remodel or update your home, or additionally, refinance your current home loan. During this current economic period, refinancing with a VA Home Loan is a great option to consider.

Have questions or would like to see if you qualify? Please contact my team and I today; we are happy to help you!

VA Home Loan Refinancing Options

VA Streamline (IRRRL) Refinance

An Interest Rate Reduction Refinance Loan (IRRRL), normally referred to as a “Streamline” refinance, is a great option for VA Home Loan holders who seek to take advantage of today’s lower interests and increased savings.

Cash-Out VA Refinance

If you are looking for an option to access cash for home improvements, emergencies, or simply to consolidate debt, then a “Cash-Out” VA refinance may be a great option for you. Contact me and my team today to see if you qualify.

VA Loan Refinance Eligibility

For VA Home Loan eligibility, you can qualify if you have served on active duty for more than 90 consecutive days during wartime or served more than 181 days during peacetime. If you are a National Guard member or Reservist, the veteran must have served for a minimum of six years.

Ready to get started? CLICK HERE!