The VA loan is the most incredible loan program available in the market today. With a VA loan, veterans can purchase a home with no money down! That means you can buy a home and finance 100% of the purchase price, up to $417,000, in El Paso county.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
VA Mortgage Guidelines & Requirements
What is even more incredible is that active duty service members are eligible for VA financing after just 90 days of service! Specifically, you are eligible for a VA loan when you meet ONE of the following criteria:
You have served 90 consecutive days during wartime.
The purchase of your first home can be an exciting and exhilarating process. Homeownership is something that many people dream of. Owning your own home means not being held accountable to a landlord. It means the freedom to paint, remodel, and redecorate your space how you like. It means creating the perfect space for you and your family to build a life together and create memories that will last a lifetime.
For most people, the purchase of a home is also the largest transaction they will make. This can be daunting. Few buyers have the resources to buy a home outright, and this can make the buying process even more complicated because lenders are involved too. One of the biggest challenges that new home buyers face is understanding the buying
Buying a home is an exciting time in many people’s lives. It’s the point in your life when you stop paying rent and start building equity with a mortgage. While there are many practical benefits to owning a home, something many people don’t discuss is the tax breaks.
As tax season is upon us, let’s take a look at some of the unique tax breaks that homeowners are able to take advantage of:
For many first-time home buyers, one of the most pleasant surprises come tax season is the knowledge that your mortgage interest is tax-deductible. At the start of January, you should have received a notice from your lender letting you know how much mortgage interest you paid throughout the year. Homeowners are allowed deduct the tax from
So you’ve found your dream home and you want to start the mortgage process to make things official. There are two options for buyers when it comes time to secure their local mortgage lender: either go with a mortgage broker or get a loan from a bank. Many homeowners will tell you exactly what they think the right choice is and while their opinions may be valid, they are often biased by their own past experiences. To find out which option is best for your personal needs, continue reading as we look at what it’s like to work with a mortgage broker versus bank:
What is a Mortgage Lender?
A mortgage lender refers to a bank or other financial institution that specializes in mortgage products. Banks employ loan officers who work off a combination of
With the rising cost of rent in Colorado Springs, you might be thinking this year is finally the year you’re going to buy a home. This is an exciting time for anyone, but there’s one big thing that stands between you and your dream of owning: a mortgage.
While you might feel financially ready to take on a mortgage, it’s ultimately up to the lender to deem you responsible and financially stable. One of the ways they do that is to take a peek into your credit history. Maxing out your credit card in college or forgetting to pay a bill here and there might not seem like a big deal at the time, but it could come back to haunt you later in life when trying to apply for a large loan.
If you've been informed you have imperfect credit and need to boost