Does BAH count as income for VA loan qualification?

Yes — BAH (Basic Allowance for Housing) counts as qualifying income for a VA mortgage and is tax-free. Lenders can gross it up by 25%, significantly increasing your buying power.

Can I use my VA benefit more than once?

Yes. Your VA benefit is reusable. Sell your home, pay off the VA loan, restore your entitlement, and use it again at your next duty station. You can also have two VA loans simultaneously in some cases.

What is the VA funding fee and can it be waived?

The VA funding fee (typically 2.15%–3.3%) can be rolled into your loan. Service-connected disabled veterans are completely exempt from the fee.

Can I buy a duplex or multi-family home with a VA loan?

Yes — you can purchase up to a 4-unit property with a VA loan as long as you occupy one unit as your primary residence.

Peak Seven Mortgage

719-304-4900

Colorado Home Loans Done Right

Local broker. Dozens of lenders. One phone call to Vic.

How can I help you?

PURCHASE

REFINANCE

Vic Malone

CAPT, USN, (ret)

🏔️ Colorado Springs Market Pulse: March 2026

The "Stalemate" is Breaking.

As of March 2026, the Colorado Springs housing market is shifting into a "Soft Buyer’s Market." With active inventory up 20% year-over-year and over 2,900 homes currently on the market, buyers finally have the leverage that was missing for years.

Rate Strategy: While the average 30-year fixed rate is stabilizing around 6.3%, we are seeing massive success with 2-1 Seller-Paid Buydowns. This allows our clients to start with payments based on a 4.3% rate for their first year.
Negotiation Power: Nearly 1 in 5 sellers in El Paso County are now offering price cuts or significant closing cost concessions.
Expert Advice: Don't wait for a "market crash" that isn't coming—median prices remain resilient near $460k. Instead, use the current inventory surge to negotiate a deal that includes a rate subsidy.

Testimonials

WHY People TRUST and LOVE Us

WHAT TO EXPECT?

My Offer To You

Begin your journey to financial security as I help you navigate the world of mortgages, providing customized solutions, clear communication, competitive rates, and constant support.

VA LOAN

VA loans provide great benefits for Veterans and Active Service Military. VA loans are backed by Veterans Affairs and are designed to serve the men and women who served our country.

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FHA LOAN

If you need a mortgage but don’t have the savings and credit needed to qualify for a traditional home loan, you may be able to get an FHA loan and save BIG

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CONVENTIONAL LOAN

A conventional mortgage can be a great option for buyers who have excellent credit and ample savings. If you are financially stable, a conventional loan may be the most economic mortgage option.

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USDA LOAN

USDA mortgages usually offer the lowest rates on the market. There’s no down payment required, making them an ideal option for those who lack savings.

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DSCR

LOAN

A Debt Service Coverage Ratio (DSCR) loan qualifies you based on the rental income the property generates — not your personal income, tax returns, or employment status.

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ABOUT ME

My Commitment to You

As an owner/broker and loan officer with a deep commitment to my clients' financial success, I make it my mission to guide you to the best loan options available. I have a real enthusiasm for supporting individuals and families in securing loans that fit their unique situations. My job is to offer you personalized advice and walk with you every step of the way during the loan process.

Understanding the complex world of mortgages can be tough, but that's where I come in. I believe in honesty, being completely open, and always communicating clearly, so you can trust the advice I give. I'm skilled at breaking down complicated loan terms and concepts, making sure you're informed and comfortable with the decisions you're making.

Whether you're in the market for a new home, looking to invest in your business, or just aiming to manage your money better, I'm here to find the right financial solutions for you. I pride myself on excellent customer service and aim to build lasting relationships with my clients.

A seasoned professional with deep expertise in mortgage lending, guiding you through every step of the process.

Tailoring loan solutions to your unique financial situation and goals.

Clear, honest communication to ensure you understand all aspects of your mortgage options.

Communities I Have Served

Colorado Springs

Pueblo

Castle Rock

Fort Carson

Denver

Woodland Park

Monument

Peterson Space Force Base

Our Relentless Commitment Is To Provide You With

The Best Possible Services

Floor Plan Financing

What We Do

Excellent Communication

Our proactive communication keeps you informed so you never have to wonder what is going on with your home loan or refinance.

Expert Assistance

Rely on us to guide you through the mortgage process from start to finish. We'll help you navigate the complexities and sidestep the usual pitfalls.

Competitive Rates

Our team collaborates with you to identify the best program and secure competitive market rates, ensuring your monthly payments are as low as possible.

Close on Time

Not every lender has the capability to close quickly. We stay in step with you throughout the process, ensuring all deadlines are met and your loan closes ASAP.

Long-Term Partnership

Building lasting relationships by serving as a trusted advisor for your future mortgage needs.

READY TO BUY? Get An Appointment

Floor Plan Financing

Who We Help

First Time Home Buyers

We understand that purchasing a home can be an overwhelming experience, especially if it's your first time. Our commitment is to guide you through the process, providing clear explanations, preventing costly mistakes, and ensuring the successful approval of your mortgage. Your excitement about buying your dream home is our priority!

Veteran and Active Duty Home Buyers

Acquiring a new home while already owning one presents its distinct set of considerations. Whether you're in the process of purchasing a new primary residence or a second vacation home, we can address all your inquiries about eligibility and the steps involved in the purchase.

Refinancing Home Owners

If you currently possess a home and are seeking to refinance for either cost savings through a reduced interest rate or to potentially access some funds for various purposes, we have the expertise to assist you. Additionally, we can guide you on optimizing the structure of your new financing to secure the most advantageous deal.

Second Home and Investment Buyers

If you're investing in real estate, we can assist you in obtaining financing with low rates to optimize your return on investment.

Seniors & Reverse Mortgages

If you're 62 years or older and exploring ways to remain in your home without a mortgage payment or tapping into your home's equity while continuing to reside there, I can provide answers to your inquiries about reverse mortgages. This way, you can determine if they align with your needs and preferences.