Home Buying Information for Colorado Springs

Everything you need to know about the home-buying process in Colorado Springs, CO.

Found 62 blog entries about Home Buying Information for Colorado Springs.

Tips for Active Duty Service Members Buying a HomePeople in the military move quite a bit. Over time, they perfect the art of finding a new Falcon home, settling down, and making the best of it. If you're a member of the military and you're moving, whether it's for the first time or for the fifth time, these tips can help you have a smooth transition. Here's what you need to know.

1. Do Your Research

Before moving to a new town, city or state, it's important to do research. Home buyers should find out everything they can about the place where they're hoping to move, from the average cost to buy a home to the cost of living and local cultural events. The more the home buyer knows about the place where they'll be living, the easier it will be for them to choose a neighborhood where they can live,

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Common Rental Scams - and How to Avoid ThemWhen looking for a Peyton home to rent, the majority of people find themselves looking for weeks for a suitable place. As time goes by, worries and uncertainties can pile up, making it easy to fall for common rental scams. This is especially true since so many of these modern scams are well-crafted and outright believable. Knowing just what to look for, however, can help people avoid those scams and find somewhere to live with and have a smooth PCS move in the process. To help out, here's a glimpse into the most common rental scams and how to avoid them.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Fake Listings

Scammers have recently taken to

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When You're Buying a Home in a Seller's Market: TipsA seller's market is a market condition that typically arises from a low inventory of homes in a desirable area. High prices and an overflow of motivated buyers make it difficult to purchase a home for an affordable price, and in some cases, getting a house at all can be difficult. If you're a Gleneagle home buyer who would like to purchase a home in a seller's market, here's what you need to know.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. Know What You Want

People who don't know what they want will often hesitate before making an offer. In a seller's market, people who hesitate to make an offer will often get beat out by other buyers who make

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Should I Get an FHA or VA Loan? What You Need to KnowThose trying to decide between a VA or an FHA loan may have a number of questions before getting started. It's time to find out more about how the two are similar, how they differ, and how Palmer Lake homeowners can use this information to decide which is right for them.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Mortgage Facts

Both VA and FHA loans are backed by the government to encourage home buying. However, the rates aren't always as low as homebuyers may think. When it comes to comparing the averages, the VA loan boasts the lowest rates when compared to both FHA and conventional lenders. In addition, VA loans do not require Private

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Where Do Military Members Need to Update Their Addresses When They Move?Most members of the military are no strangers to the concept of moving, whether it be due to an assignment transfer, the end of a tour of duty or retirement finally rolls around. However, the processes of making an official change of address request will differ depending on the circumstances and logistics of the move. Here are the steps for changing a military address and ensuring mail is forwarded to a new Gleneagle residence or non-military location.

How to File a Change of Address for a Military Address

Individuals planning to transition from a military address that includes FPO, DPO or APO will have two options for changing their address: in person at a United States Postal Service location or at the USPS website online. Taking action in

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How to Save Money During a Military RelocationFor members of the military, moving is often part of the job. Those in active duty as well as their family members are often asked to move across the country to a new base. Sometimes they have advanced notice and can plan accordingly, and other times, a last-minute decision is made and logistics must be coordinated quickly.

Either way, a military move can be expensive. These tips can help military members and their families save money while making plans to head to their new Monument home.

Organize and Reduce Household Products Before the Move

Whether a military family has been living on the same base for a decade, or they have only been in their current location for a year, it's likely they have acquired more stuff than they truly need to

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What Kinds of Homes Can I Buy with a VA Loan?There are a lot of misconceptions when it comes to the VA loan, and these myths can unfortunately keep people from even applying for it. These government-backed loans give lenders more freedom, meaning their terms are different from that of a conventional lender. However, these loans do specify homes must be in liveable conditions in order to purchase. So whether it's a townhome, condo, or single-family home, certain requirements need to be met. Florissant home buyers considering the conditions of the property they can purchase with a VA loan should keep the following in mind.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Basic Amenities

VA

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What You Should Know About VA Home Improvement LoansThe Department of Veterans Affairs backs one of the most attractive loans available in the industry today. However, they have their own rules when it comes to what types of property are eligible for these special loans. Those who want to buy a fixer-upper will not be approved unless the home meets basic livability standards and declared free from defects. For those whose dream homes may need some work to meet these requirements, a VA home improvement loan may be useful. Learn more about how these loans work and who they're meant for.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Understanding the Terms

A VA home lender wants the property to

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203k Loan vs. VA Loan: Which is Right for Me?Both the 203k and VA loan have a reputation for being buyer-friendly options that can help Northgate homeowners manage their budgets. But there are a few key differences to know that can make it easier for homeowners to choose between them. Learn more about the requirements, eligibility, and terms for each type of loan before applying.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

The Basics of Each Loan

A 203k loan can be used to either buy or refinance a home that needs repair work. It's a type of FHA loan created to breathe life into decaying neighborhoods. These loans incentivize homeowners to improve their properties in an effort to

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How to Qualify and Apply for a VA LoanA 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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