Boulder, CO, VA Home & House Loans
Integrity Mortgage & Financial has extensive experience working with Boulder, CO, VA home loans. If you are an active or retired member of the armed forces, or a surviving spouse, we can help you explore the veteran’s assistance loan options that may be available to you.
Benefits like no down payment and more flexible qualifications available with VA house loans can make a massive difference in your purchasing power and get you into a much nicer home in Boulder, CO, than you might otherwise be able to afford.
What is a VA Home Loan?
VA home loans, which are governed by the U.S. Department of Veterans Affairs, provide a way for current and former military members to qualify for home mortgages. The loans are conducted through traditional bank lenders, with the VA stepping up to guarantee a portion of the loan.
VA loans can be offered as 30, 20, or 15-year fixed-rate or 5-year ARM loans. In many cases, those loans are available with no down payment and no private mortgage insurance (PMI) built into the monthly payment.
Veterans can also qualify for refinancing loans up to 100% of the value of their primary home, and a VA loan refinance is a fantastic option to help reduce the amount of documentation required.
How Veteran’s Assistance Loans Work
Like any traditional loan, the monthly mortgage payment for a Boulder, CO VA loan will be based on the amortized interest and principal paid over the life of the loan. With a fixed-rate loan, that payment will not change over the life of the loan.
If a veteran opts for an adjustable-rate mortgage, that payment can move up or down based on fluctuations in interest rates. In almost every case, Veteran’s home loans can be paid off in advance with no penalty to the borrower.
What VA Home Loan Options are Available in Boulder, CO?
Veterans looking to make their first home purchase can take advantage of the VA First Time Buyer option that is available right here in Boulder, CO. These VA house loans typically offer less-complicated requirements and no down payment.
If you are shopping in a higher-priced neighborhood, the VA Jumbo Loan might be an option to consider. Designed to help veterans stretch their budgets a little higher, these loans provide more buying power by waiving the down payment requirement for larger home mortgages.
If you already own your home and want to lock in a lower interest rate, the VA Streamline Refinance option is a fantastic opportunity for any veterans here in Boulder to refinance their primary residence up to 100% of the home’s appraised value.
VA Cash-Out Refinancing is another option that provides veterans with a way to pull cash out of their rapidly increasing home values here in Boulder. These loans offer lower fees than traditional refinancing.
Securing a VA Home Loan with Integrity Mortgage & Financial
The easiest way to get a VA Home Loan for your next purchase is to start the process by working with Integrity Mortgage & Financial because we will always put YOU first.
We are a Boulder Mortgage Lender and our experts work directly with you to lock in some of the most competitive rates in the nation for VA house loans. With our extensive experience working with both conventional and VA loans, we can usually get to closing in 30 days or less.
Whether you are looking for a VA Home Loan specifically or just shopping for the very best option for your current situation, we can help you here at Integrity Mortgage & Financial. Buying a home with a VA loan is straightforward with our mortgage company.
Contact us today to request a quote, and get started on getting a veteran’s assistance loan and finding your next dream home in stunning Boulder, Colorado.
