Blue Water Navy Vietnam Veterans Act of 2019
Reichert December 31, 2019
VA Home Loans are specifically designed to benefit active and retired military when purchasing a home. This $0 down loan program makes home ownership much more accessible to veterans and their families, and it includes several benefits like approval for lower credit scores, no requirements for mortgage insurance, and even has lower interest rates as compared to FHA and Conventional loans. The Reichert Mortgage Team is proud to be a VA Approved Lender in Colorado Springs, and we are honored that we can give back to veterans everyday through this program.
Introduced in 1944, the VA Home Loan was part of the original GI Bill to help military members purchase a home after they returned from duty. Backed by the U.S. Department of Veterans Affairs, this type of loan is still one of the best programs available to active and retired military for home ownership. The VA Loan is a unique program that requires $0 down payment and accepts lower credit scores for approval. Today, VA Loans can be issued by approved lenders, and can be used to buy single-family homes, condominiums, multi-unit properties, manufactured homes and new construction builds. In Colorado, you can receive a VA Loan with $0 down for a home valued up to $453,100, as of January 1st, 2018. Loan limits and funding fees vary based on many factors, like the county you are purchasing a home in (El Paso, Douglas, Teller, etc.), credit history, or what type of home you are purchasing. To know what you qualify for, contact The Reichert Mortgage Team today, or apply online now!
The VA Loan program is available to all active and retired military, and even extends to military spouses in special circumstances. Here’s a breakdown of who is eligible for a VA Loan:
Individuals who have served 90 consecutive days of active service during wartime
Individuals who have served 181 days of active service during peacetime
Individuals who have served more than 6 years of service in the National Guard or Reserves
Un-married spouse of a service member who has died in the line of duty from a service-related disability
A Certificate of Eligibility is the first step to getting approved for a VA Loan. This certificate proves a veteran’s time of service, and it is used by the mortgage lender to continue the VA loan process. The Reichert Mortgage Team has the knowledge and resources to help veterans gain their COE to get approved for your loan. If you have any questions about the COE, or want to speak with one of our VA home loan specialists, contact us!
The VA Loan program is one of the most advantageous mortgage plans that is available to veterans here in Colorado, and throughout the United States. The Veterans Association has established several guidelines and benefits for this program, and we, as your local lender, are able to match you with the most benefits and the best mortgage rates for your unique situation. The benefits of a VA Home Loan include:
No down payment requirements
Competitive Interest Rates
Similar Closing Costs
No Private Mortgage Insurance Requirements
No Early Loan Pay-Off Penalties
Approval for Lower Credit Scores
When you’re looking to apply for a VA Loan in Colorado Springs, the best way to begin the process is to speak to one of our qualified, VA Approved lenders at The Reichert Mortgage Team. We are able to provide helpful knowledge on the process, help you obtain a COE, and we even offer free credit counseling at our Falcon office. To get approved for a VA loan, we look at the following information:
Certificate of eligibility
Employment and tax information from the past two years
Banking and savings information
Credit Information
You can also apply online right here. To set up an appointment with one of our specialists, give us a call at (719) 205-0413.
As a veteran owned and operated mortgage lending company, the VA loan program holds a special place in our hearts. That’s why we partner with Homes for Heroes to offer you even more benefits when it comes to purchasing a home and closing a mortgage. This program allows us to give back to our military community in so many ways, and we’re grateful to be able to share that with you. To learn more about the VA home loan program and Homes for Heroes at Reichert Mortgage, contact us We look forward to working with you!
We are proud to be VA approved lenders here in Colorado Springs. Our team is owned and operated by veterans, and we have dedicated ourselves to serving those who have done the same for our country.
We specialize in VA Home Loans here at Reichert Mortgage, which means that we know exactly what needs to be done to get you the highest benefits for the best loan. When you work with us, we become your partner throughout the entire process; we walk through every step of the process with you, from obtaining a COE (certificate of eligibility) to closing on your home.
If you are interested in setting up an appointment with one of our experts at The Reichert Mortgage Team, fill out the form below, chat with us online, or call at (719) 205-0413. We look forward to working with you.
The Reichert Mortgage Team is proud to be your local, veteran owned mortgage broker in Colorado Springs specializing in VA Loans.
CO Mtg License # 100046678
NMLS # 1087905
IFF-NMLS #394990
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