A VA loan is often the best way for a veteran to purchase a new home. VA loans are sponsored by the US Department of Veterans Affairs (VA), and they make it easier for veterans to purchase, renovate, or build a new home. Because the loans are government-sponsored, they have very specific qualifications that need to be met. Here is what Downtown Colorado Springs home buyers need to know about how to qualify for a VA loan.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.
Homes Eligible for VA Loans
Not every home can be purchased with a VA loan. In order for a home to be eligible, it can be a condo, manufactured home, modular home, or new
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Through the VA home loan program, servicemembers, veterans, and other eligible individuals can start their journey toward Black Forest homeownership. There are many requirements to pay close attention to, however, in finding an eligible property for sale. Real estate agents can make this process much easier and more approachable, but it is important to find the right one. To do so, use this guide to learn how to screen real estate agents who work with VA loans.
Many companies across the Colorado Springs area offer military discounts, but it is not always so easy to find them. This guide aims to resolve this by providing a look into who offers these awesome discounts. With this info, everyone can head out on their adventures without having to break the bank. Take a peek and find some new adventures to enjoy at a discount.
There's little doubt leasing a home when transferred to a new permanent duty station can be a smart financial decision for some military families. Although individual situations differ, if the new assignment includes on-base housing, or if a family's goal is to return to the home some time again, leasing is a good way to cover the cost of ownership and build equity for the future.
If you're in the military, you have the choice to live on or off the military base. The place where you live can make a big difference in your overall experience in the military. Knowing the differences between each option as well as the pros and cons can help you decide whether life on a military base is right for you.
When people live in a city in Colorado, they know just how much there is to explore. There's always a new hike, restaurant, or activity to try to make the most of a person's free time. Still, sometimes it's nice to get out and really explore the state to learn more about its history, people, and future. Colorado Springs is close to a number of major cities in the state, making it one of the perfect locations from which to plan a road trip. Those who want to stay in Colorado should first know how far each city is, and what it will be like once they get there.
Veterans and qualifying military families may have the ability to lower their home mortgage interest noticeably with a VA Interest Rate Reduction Refinance Loan (IRRRL). This is one of the most powerful refinancing options around, and the process is actually fairly simplistic compared to traditional options. Here is what veteran homeowners need to know regarding VA IRRRL's.
