The Colorado Real Estate Market

The Colorado Real Estate market is booming!

No matter what city you’re in, either a ton of homes are for sale, or everyone is fighting over just a few homes. This means a couple of different things. First, in the cities where everything is for sale, you can probably count on prices being at a higher level than before (that is why everyone is selling) and you may have a pick of quite a few properties. In the cities where very few homes are for sale, you can count on over-inflated prices and multiple offers on each and every property (except, of course, properties with serious problems.)

At Colorado Lenders, INC we are very aware of the difficulties and are prepared to work with buyers to overcome these obstacles. This means pre-approving customers to the degree possible before they go out house hunting. It also means being prepared to increase loan amounts and make adjustments to seller credits as inspections are completed.

A final comment toward the Colorado Real Estate market is that many of our clients who have invested in a home to live or rent out have enjoyed growing home values throughout the process. In fact, most all of our buyers after 6 months have accumulated between 5-20% on their home values. The statement is not guaranteed but the fact remains that home buyers around Colorado have enjoyed appreciation along with their home purchases.

If you would like top-notch personal service or are unhappy with your current lender, feel free to call or email and we will respond promptly.

Direct: 303-578-9202

Currently Renting: Why Not Own a Colorado Home?

Today’s expensive Colorado rental market along with historically low interest rates and home prices on the rise makes the benefit of owning a Colorado home quite practical. Whether you are ready to buy tomorrow or need some time to save up a down payment and/or establish credit and a job history, it may be well worth it to give your local Mortgage Broker a call.

Think you cannot afford to enter the home buying market?

According to Zillow, renters in the Denver market use on average 35% of their monthly income on housing, as opposed to homeowners who allocate 21% of their monthly earnings to their mortgage payments.  Data shows that it is actually less expensive to own a home vs. rent a home right now in Denver! While these numbers are revealing, we can make our own comparisons as well. For instance, let’s assume that an average three-bedroom apartment in Denver goes for $1,800 a month, which is quite realistic right now. And then suggest you would like to buy a $250,000 home instead write another rent check. An FHA loan requires a minimum of 3.5% down and as well as an upfront mortgage insurance premium (UFMIP) of $4,375. Given a rate of 3.875% for a 30-year loan with insurance of $125, monthly taxes of $150, and monthly mortgage insurance of $170.89, your total monthly mortgage payment would run about $1,600.19* You could potentially save $200 a month while owning a home amidst a potentially appreciating market.

Benefits of home ownership        

Buying a house could be one of the best decisions you could make for your financial future. Along with building equity and potentially saving money on rent, you may gain tax advantages by deducting your mortgage insurance from your federal taxes. There is no place like home especially when nobody can raise the rent on you! Colorado Lenders Inc. is a local company with competitive rates, friendly service, and uncompromising integrity. To get started, give us a call at 303-578-9202 and begin your journey towards home ownership.

* Payment assumes an FHA loan with a purchase price of $250,000.00, 3.5% down at a rate of $3.875, and taxes and insurance of $270/monthly. Currently FHA loans carry an upfront cost of 1.75% amounting to $4221.88 and a monthly insurance cost of .85% or $170.89. For the purpose of this example, credit is assumed to be above 680. All loans are subject to an underwriters approval.

Thinking of Refinancing Your Colorado Home Mortgage?

Why should I refinance?

 If you are a homeowner, then you already know the value of your house, but refinancing is a way to access some of the accrued home equity, and or a way to make living in your home less expensive. Refinancing is ideal for candidates who want to lower their monthly payments, liquidate some of the equity on your existing mortgage, or to readjust the terms of paying of your mortgage.

What are my conventional refinancing options?

 The best thing to do is to consult a Mortgage Broker like Colorado Lenders, Inc. A mortgage broker would be helpful in determining exactly what would be most suitable solution for your plans. One option you might consider would be to adjust the length of your mortgage to make it either shorter or longer. Making the term shorter is ideal if you can couple it with low interest rates because you will be paying a higher monthly amount, but less money in the long-term. Another option is to make the mortgage term longer so that you pay less per month over a longer period of time.

Screen-Shot-2015-07-31Based solely on $250,000 loan over 15 years with an interest rate of 5.5% and 0 money down

Screen-Shot-2015-07-31-2Based solely on $250,000 loan over 20 years with an interest rate of 5.5% and 0 money down

Screen-Shot-2015-07-31-3Based solely on $250,000 loan over 30 years with an interest rate of 5.5% and 0 money down

Are you or were you a part of the military? If so, you may have bought your home using a VA loan. If that is the case, an IRRRL (Interest Rate Reduction Refinancing Loan) might be the best option for you. It allows mortgage brokers to restructure your mortgage at a lower rate so that the buyer has lower monthly payments.

While refinancing, a mortgage broker can also help buyers restructure rate terms where they can change your terms from a fixed rate to an ARM, an ARM to a fixed rate, or structuring so that you can get better rates on your existing ARM or fixed rate mortgage. All of these are in attempt to save you money monthly and in the long-term.

Screen-Shot-2015-07-31-4Based solely on $250,000 loan over 20 years with an interest rate of 5.5% and 0 money down

Screen-Shot-2015-07-31-5Based solely on $250,000 loan over 20 years with an interest rate of 3.75% and 0 money down

 

How do I get cash from my house’s value?

There are three conventional methods of refinancing your mortgage in order to obtain cash from the equity accrued over time.   One popular way to do this is through a HELOC (Home Equity Line of Credit). This is a way for homeowners to access up to as much cash as their credit allows. This is practical as one usually only has to pay off the interest on the amount taken out – which is usually set at a low rate and gets adjusted monthly – until an individual is prepared to start paying the principle amounts as well (principle must be paid 10 years after HELOC into an amortized 20 year loan, so it is advisable to pay off principle as so as possible).

If you are a person who likes the security of knowing the interest rate of their payments, perhaps an Equity Loan is the option for you. They feature slightly higher rates than the HELOC, however monthly payments are made in one lump sum of the principle and the interest from the cash received.

The other popular option would be to simply do a Cash-out Refinance. This is ideal for those who have built up more equity than the amount that is due on the home. With this option you can get a second mortgage at a higher value, and receive cash for the difference of the two loan amounts. Since you for borrowing more than you originally were with the one mortgage, the monthly payments on your mortgage will be greater than they originally were, but we the added benefit of having cash from your home equity.

So which refinancing option is best for me?

 Given the shear volume of options in refinancing contacting a mortgage broker, banker or lender would be the best course of action in answering this question. However, keep in mind that refinancing could do more detriment to your financial well being than good based upon your given situation. One example of this could be if you have been under your first mortgage for a long period of time and you are close to paying off your home completely; you could be paying more to refinance than you would if you kept your original mortgage. Any refinancing servicer can sit down with you to discuss if you are a good candidate for a mortgage refinanc

Weekly Market Preview

What’s on the agenda for this week?

Interest rates continuing to decline this morning; this morning the markets in reaction to China’s continuing stock market declines. Down 8.5% today; the sharpest daily percentage decline since 2007. Concerns that China’s authorities may be backing away from supporting the equity markets. Officials haven’t said they would stop buying stocks to prop up the markets, but there is increasing fear that officials may want to test the strength of the markets without intervening as the government has been doing recently. If this was a test, it failed. Europe markets lower and here our indexes opening down after the selling last week that dropped the DJIA 519, NASDAQ -122 and S&P -47. When the second largest economy sneezes the world catches cold. Overall not too much of a surprise, as we noted last week China’s growth now is the weakest in 25 years. The concerns over China one reason US treasury rates have been declining since 7/13.June durable goods orders at 8:30 this morning; better than estimates. Orders were expected to increase 3.1% after declining 2.1% in May, as reported up 3.4%. Excluding the volatile transportation orders up 0.8% after dropping 0.1% in May (it was the biggest increase since last August). The increase in orders was only the second time this year there was improvement. Economic bulls seeing the increase as ‘evidence’ factories are beginning to show growth after slowing substantially earlier this year. What will it take to change the idea the US economy can stand alone while Asia and Europe are slipping?

At 9:30 the DJIA opened -113, NASDAQ -37, S&P -10. The 10 yr note, the driver for MBS prices down to 2.22% -4 bps frm Friday. 30 yr MBS price +20 bps frm Friday’sclose and +15 bps frm 9:30 Friday morning.

Two major points of interest this week; the FOMC meeting that begins tomorrowand the 1st look at Q2 GDP on Wednesday. Treasury will auction 2s, 5s, and 7s beginning tomorrow. FOMC always important but this one in our view even more so. Since the last meeting there has been a huge decline in almost all commodity prices, frm metals to industrial commodities to grain prices. Of course the group will have to paint it best picture about the US economic outlook with declining global equity markets while sweeping the inflation decline under the rug. The Fed is about as confused about what to do than any time in the last two years. They want to raise rates but fear the repercussions that might develop if they do make the move this year. The policy statement on Wednesday afternoon is very likely going to excuse the economic reality that the world is slowing; probably use the word ‘temporary’ as Yellen has said multiple times recently.

Q2 GDP is expected to show growth of 2.9% according to consensus estimates. We do not expect to see that level of growth. It is the advance report that lacks some of the 3rd moth data and is usually revised when the preliminary report is out in another month.

This Week’s Calendar:

Monday,

8:30 am June durable orders (as reported +3.4%, ex transportation orders +0.8%)

Tuesday,

9:00 am May Case/Shiller 20 city home price index (+5.6% yr/yr; 4.9% in April)

10:00 am FOMC meeting begins

-July consumer confidence index (99.6 frm 101.4 in June)

1:00 pm $26B 2 yr note auction

Wednesday,

7:00 am weekly MBA mortgage applications

10:00 am June NAR pending home sales (+1.0%)

1:00 pm $35B 5 yr note auction

2:00 pm FOMC policy statement

Thursday,

8:30 am weekly jobless claims (+17K to 272K)

-Q2 advance GDP (+2.9%; Q1 growth -0.2%)

1:00 pm $29B 7 yr note auction

Friday,

8:30 am Q2 employment cost index (+0.7%, Q1 +0.7%)

9:45 am July Chicago purchasing mgrs. index (50.0 frm 49.4 in June)

10:00 am U. of Michigan final July consumer sentiment index (94.1 frm 93.3 at mid-month)

The 10 yr note, where attention should be, is now under its 20, 40, 100 and 200 day averages. It broke chart resistance at 2.30% last Thursday. The momentum oscillators all slightly bullish now. With FOMC on Wednesday we don’t expect much more decline in the yield. The next resistance level of consequence is 2.10% for the bellwether note. US stock technicals all bearish now, the DJIA and S%P back to less than at the beginning of the year.

PRICES @ 10:15 AM

10 yr note: +11/32 (34 bp) 2.22% -4 bp

5 yr note: +7/32 (22 bp) 1.57% -5 bp

2 Yr note: +2/32 (6 bp) 0.66% -3 bp

30 yr bond: +17/32 (56 bp) 2.93% -3 bp

Libor Rates: 1 mo 0.189%; 3 mo 0.293%; 6 mo 0.469%; 1 yr 0.807%

30 yr FNMA 3.5 Aug: @9:30 103.47 +20 bp (+15 bp frm9:30 Friday)

15 yr FNMA 3.0: @9:30 103.56 +15 bp (+6 bp frm 9:30 Friday)

30 yr GNMA 3.5: @9:30 104.13 +17 bp (+17 bp frm 9:30)

Dollar/Yen: 123.08 -0.73 yen

Dollar/Euro: $1.1106 +$0.0122

Gold: $1096.80 +$10.80

Crude Oil: $47.45 -$0.69

DJIA: 17,432.17 -136.36

NASDAQ: 5050.55 -38.08

S&P 500: 2067.49 -12.16

Article rights accredited to Amber Griffiths- McHenry
Amber Griffiths-McHenry
Senior Account Manager
Platinum Mortgage, Inc.
NMLS#: 64524
Phone: 303-378-9250
Email: [email protected]
Website: www.platinumez.com

Which Colorado Housing Ranks #1Nationally in Growth and Stability?

Home appreciation is generally considered a good thing. It means more equity for homeowners, and a bigger payout when the time comes to sell. But as we learned during the financial crisis, when home values grow too quickly, a boom can quickly turn into a bust. That can lead to vanishing equity, underwater mortgages, foreclosures and a lot of unwanted stress for everyone who owns a home.

For that reason, most homeowners would probably prefer moderate, steady price growth to the up and down cycles that characterize some markets. Housing market stability isn’t only good for financial health, it’s good for a homeowner’s mental health too. So which cities have historically had the most stable growth in their housing markets?

Data & Methodology

To find the U.S. housing markets with the most stable growth, SmartAsset analyzed home price data from the Federal Housing Administration on the 358 largest urban markets. We looked at home prices for each of these areas going back to 1990.

For each market, SmartAsset first calculated the overall growth since the first quarter of 1990. These ranged from as high as 320% (in Casper, Wyoming) to as low as 27% (in East Stroudsburg, Pennsylvania). We then calculated the probability over that same period of time that a homeowner would have experienced significant price declines (5% or more) at any point in the 10 years following his or her home purchase.

Next, we computed a score for each of these metrics. A city with growth of 250% or higher since 1990 scored a 100 for that metric, while a city with 0% growth would score a zero. Every other city got scored somewhere in between, relative to the highest and lowest cities. Likewise, a city with a 0% historical probability of significant price declines would score a 100 for that metric, while any city with 58% odds of significant price declines (the highest possible in our study) scored a zero.

Lastly, we averaged the scores for overall growth and long-term stability to find the housing markets with the most stable growth.

Key Findings

  • Five of the top ten housing markets with the most stable growth over the past 25 years are located in the west. These cities – one each in Colorado, Wyoming, Alaska, Montana and Washington State – have all had overall growth north of 200% and very few dips in home prices.
  • The Lone Star state also fared well, with three of the top ten cities. The state capital, Austin, placed second overall, with a 242% total growth rate since 1990. Texas is known as a relatively homeowner-friendly state because of its low closing costs and light zoning regulations.

housing_stability_1_table

1. Boulder, Colorado

Over the past 25 years, home prices have grown an average of 4% a year in Boulder and are approaching a price level nearly quadruple that of 1990. During that time, home prices have never once seen a decline of more than 5% in Boulder – not even during the national foreclosure crisis. That stability means homeowners in Boulder have been spared the stress of a plummeting market, while still reaping the benefits of price appreciation.

2. Austin, Texas

The Austin housing market is among the hottest in the country, but unlike many other hot markets, Austin isn’t recovering from a major bust. While many cities such as San Jose and Seattle saw price declines of over 10% during the housing crisis, in Austin prices declined by just 3.4% in that time.

Those relatively minor declines were more than compensated for during the rest of the past two and a half decades. According to data from the FHFA, home prices in Austin have climbed 242% since 1990.

3. Bismarck, North Dakota

North Dakota’s economy has consistently been among the strongest in the country over the past three decades. The state’s current seasonally-adjusted unemployment rate is just 2.6%. That economic stability also helps lead to stability in the housing market. Even during hard times, housing demand stays strong, foreclosures are low and price declines are minor and short lived. The average homeowner who bought a Bismarck house at any point in the past 25 years never experienced price declines of 5% or greater.

4. Midland, Texas

This West Texas city has had among the highest overall growth rates in its housing market over the past 25 years, with prices increasing by an average of 3.3% annually. While the city’s economy has historically been driven by the local oil industry, in recent years that hasn’t led to the booms and busts typical of many oil towns. There have been zero periods of significant price declines in Midland since 1990.

5. Casper, Wyoming

The second largest city in Wyoming, Casper’s economy has expanded in recent decades as the region’s coal and uranium fields have been developed. Likewise, the city’s population has grown significantly over the past 30 years. That combination of economic and population growth have led to the highest average home appreciation of any U.S. city over the past 25 years. Home prices in Casper have increased 320% since 1990, an average of 4.7% annually.

6. Anchorage, Alaska

The largest city in the Last Frontier has remained largely untouched by the housing market swings that have affected much of the lower 48 states over the past two and a half decades. While the city has seen annual average growth of over 3% since 1990, it has not suffered any significant price declines over that same period. That, in general, means more equity and less stress for Anchorage homeowners.

7. Billings, Montana

Even during the recession of the last decade, the economy in Montana’s largest city never really faltered. The unemployment rate in Billings never exceeded 7%. With most people in the city retaining their jobs, foreclosure rates remained relatively low and the housing market in Billings saw relatively minimal price declines. On average, homeowners in Billings had 0% odds of seeing their home value decline by 5% if they bought at any point in the last 25 years.

8. Walla Walla, Washington

Walla Walla is located in the southeast corner of Washington State, in one of the state’s most productive winemaking regions. Growth in the local winemaking industry has bolstered the economy in recent years and sent the housing market to new heights. Home prices have grown nearly 30% since the start of 2005, despite temporary losses during the housing crisis. In fact, Walla Walla’s overall growth rate of 256% since 1990 ranks as the 5th highest of the 358 markets in SmartAsset’s study.

9. Odessa, Texas

On average, a homeowner buying in Odessa over the past 25 years has faced just 4% odds of seeing price declines of 5% or greater. Compare that to cities like Las Vegas and Atlanta, where the odds of such declines since 1990 were 41% and 39%, respectively. But it isn’t just stability in Odessa’s housing market. Home prices have consistently increased there as well. Price levels today are more than triple what they were in 1990.

10. Houma-Thibodaux, Louisiana

Home prices in the Houma-Thibodaux region have grown nearly uninterrupted since 1990. In fact, despite the multiple setbacks of Hurricane Katrina and the recession, home prices declined by just 2.5% from their peak at the beginning of the crisis to their low point. That, combined with average annual price growth of 2.8% make the Houma-Thibodaux market one of the top 10 markets with the most stable housing growth.

Source: Nick Wallace of https://smartasset.com

VA Home Loans: The Best Loan in Town

VA home loans

The government has provided veterans with a tremendous opportunity when it comes to home purchasing and refinancing; the VA home loan. To qualify one must be a United States citizen or two-year resident as well as submit your DD-214 form. These loans so virtuous because of the lax requirements needed to fund the loan. Qualified buyers do not need a down payment, loans have negotiable rates, no prepayment penalty and the options for seller concessions.

A nifty trick with VA loans

One useful tool in VA loans is the options for seller concessions. This means that money due at closing from items like VA funding fees, pre-paid items, insurance premiums, etc. can be charged partially of wholly to the seller, meaning that the buyer can purchase a home this way with little to no initial costs to them. Here is an example of a nifty trick that can benefit VA buyers greatly at the time of closing. For instance, imagine that the seller provides the buyer with 5k in seller concessions to be used towards the loan. Then, the lender, Colorado Lenders and Blue Diamond mortgage, contributes enough closing cost credit to cover loan costs. The 5k the seller contributes then may be applied toward the buyers debt as reflected on the credit report. So, in essence, the buyer may end up at closing with not only a “no-cost” loan but also have 5k of his/her credit card, car payment, student loan or any other debt reflecting on the credit report be paid at closing!! Even more helpful is the fact that the veteran can actually qualify for the home based on the projected payment of debt at closing. This can be a very useful way to help qualify a veteran and lower monthly payments across the board. Many lenders are unaware of this possibility but we do it all the time!

Benefits associated with VA loans

In addition to being able to purchase housing with zero down, VA home loan beneficiaries can enjoy lower interest rates. Since the buyer’s credit report does not play as significant a factor as it does with conventional loans, and the fact that VA insures the interest rates on VA loans are able to be lower than their conventional counterparts in many of cases. Download an information sheet directly from VA for more details about VA loans.  (Source: http://www.benefits.va.gov/homeloans/)

There are also benefits to be gained in refinancing loans. Interest Rate Reduction Refinance Loans (IRRRL), can be used by your broker to reduce the interest rate on an existing VA home loan with very few costs involved. This may be done with no money out of pocket, no appraisal, and very limited income verification.

The Colorado Real Estate Market

What is the current state of the buying market?

The buying market in Colorado is making history right now – July-Oct 2015. According to Trey Garrison; the Denver metro area has had the largest increase of growth for the months of April and May with no clear signs of slowing down.  Courtney Miller states that eight of the 50 cities with the fastest growing home values are in Colorado, some values even reaching up to a 40% increase. These signs are indicative of a rapidly growing housing market in Colorado with high demand.

What are my home-owning options?

The most practical place to start the home buying process is to speak with a banker and prepare your home loan upfront. Their are a couple of options. You can call or visit a normal bank such as Chase or Wells Fargo. Or, you can contact a Mortgage Banker/Broker such as Colorado Lenders, Inc., Integrity Mortgage & Financial Inc. or Premier Mortgage. Mortgage Brokers are not tied down to a specific set of company guidelines so they are often more flexible and have more resources available to find you the best bank and mortgage product for your situation. Some of these include government-backed programs like VA loans (U.S. Department of Veteran Affairs) for former and currently military, and FHA Loans (Federal Housing Assistance) for less restrictive qualification requirements.

The most common mortgage is a conventional loan normally backed by Fannie Mae or Freddie Mac. The conventional loan can be fixed over 10,15,20, or 30 years or you can opt for an ARM product (Adjustable Rate Mortgage). Contact a Mortgage professional to determine what program is best for you. You can also spend a valuable 10-15 minutes to get pre-qualified/pre-approved for a Colorado home mortgage.

What does the future look like?

The future of home buying in Colorado appears to be strong. With new safety regulations such as the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) to ensure safe lending practices, and the potential passage of Maxine Waters’ HOME Forward Act which reduces the influence of secondary mortgage buyers such as Fannie Mae and Freddie Mac, the prevention of a future mortgage market collapses is becoming more encouraging.

Aside from the practical nature of investing in Real Estate, Colorado is also a great place to raise a family! In terms of family safety, Colorado Springs was ranked as the second safest city to raise a family by parenting.com. In terms of financial safety, Colorado ranks 11th in median family income (American Community Survey), and the Metro Denver area sporting a 1.3% higher employment rate than the country average; Colorado real estate has a promising future.

Contact a Loan Professional at 303-578-9202 to discuss the many available options we have!

Colorado Lenders, Inc

NMLS: 1390238

Which city has been #1 of the top 20 hottest Real Estate markets for the last two months?

Denver, Colorado is smoking hot right now as far as Real Estate is concerned. With mortgage rates maintaining at low levels and the increasing of already historically high rents in the area, it may be time to buy a rental in Denver! Contact Colorado Lenders to get pre-approved today!

Denver-Colorado-hottest-real-estate-market-in-the-country

Source: http://www.housingwire.com/articles/34052-here-are-the-20-hottest-housing-markets-in-america-right-now?utm_source=dlvr.it&utm_medium=facebook&utm_campaign=housingwire

VA Home Loans in Colorado

American-Flag

VA Home Loans in Colorado

Since the end of the World War II, the United States has had in place a vast benefits program to help more than 20 million U.S. veterans obtain home loans as of 2012. Backed by the Veteran’s Administration, under the GI bill, Va loans are provided by mortgage lenders who are happy to make a low-interest loan that is partially guaranteed by the government.

There are several advantages to a VA home loan. Chief among these is the relaxed qualification standards. There is NO minimum credit score required, even someone with a recent bankruptcy may qualify; there is also much higher debt-to-income ratio than with a traditional mortgages. You also will receive a lower interest rate on your loan. Because the U.S. government is backing your VA home loan, private mortgage insurance is not required, shaving a significant portion off of the monthly payment. Another advantage is that there are no prepayment penalties; If you are able to put a little extra towards your balance each month, you will save money in the long run instead of being penalized for it. And finally, no matter where in Colorado you choose to buy, there is no down payment required with your VA home loan. A buyer who ends up negotiating some closing costs into the loan can end up spending no money on fees, etc. (1)

With 6 military bases in the state, the Army and the Air Force are well represented. There are a number of reasons veterans might want to settle near an installation. Access to commissary services, veteran’s hospitals and post-military contracting jobs add to the allure, not to mention the beautiful scenery and recreation options in Colorado. Disabled vets are given free hunting and fishing licenses, and of course there are substantial military discounts offered at state parks, some as much as 50%. Another perk of being a U.S. veteran in Colorado is the fact that members of the Armed Forces can exclude up to $20,000 in any one taxable year from their retirement pay. Veterans of Colorado can also look forward to education assistance, employment preference and special vehicle license plates at no cost.

VA home loans may be used to buy a home, a condominium unit in a VA-approved project, build a home, upgrade a home by making energy-efficient improvements or buy a manufactured home and lot. With all these options, military veterans of Colorado are in the right place at the right time.

To get started on your Colorado VA loan, just follow these steps:

  1. Contact your Veteran Affairs Eligibility Center at 1-888-349-7541 to confirm that you qualify and to apply for a Certificate of Eligibility. Ask for VA Form 26-1880 (Request For A COE For Home Loan Benefits)
  2. Do a little research to find a lender (We can help! 303-578-9202) who is qualified by the government to offer VA home loans. You may also prefer to do business with a company that uses the ACE System. This can streamline the process of getting authorized for your loan.
  3. Once you have your pre-approval, you can begin the exciting part – House-hunting in Colorful Colorado! The 2014 Revised VA Loan Limits make available $400,000-$700,000+ to qualified Colorado veterans, depending on which county you are interested in.

Welcome home, soldier!

Contact a VA mortgage loan specialist at 303-578-9202 to get started on your VA loan!

or fill out the following form and we will contact you.

Mortgage Wizard

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(1)The VA loan with no closing costs/fees/down-payment depends on the seller and the bank rebate available at the time. All comments depend on a full loan approval.