Vic Malone
CAPT, USN (ret)
102 S Tejon Street, # 1100
Colorado Springs, Colorado, 80903
Vic Malone: Your Local Mortgage Broker & VA Loan Expert in Colorado Springs
As a 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 Colorado Springs, El Paso County and Colorado in general 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, whether i n Colorado Springs or throughout Colorado.
Clear, honest communication to ensure you understand all aspects of your mortgage options.
More about Vic - courtesy of Vetted VA!
My Vetted VA Interview
In this episode of the Vetted VA podcast, host Nathan Knottingham interviews Vic Malone, a 27-year Navy veteran and owner of Peak Seven Mortgage. The conversation explores Vic’s unique journey from serving in submarines and space operations to becoming a dedicated mortgage professional in Colorado.
A pivotal moment in Vic’s life occurred just five days before his naval retirement in 2012, when the Waldo Canyon Fire destroyed his home. This disaster forced him to pivot; he spent months operating heavy equipment to clear debris and eventually designed and rebuilt his own house. It was during the subsequent refinancing process that Vic discovered the value of mortgage brokers. He realized that his technical background and desire for a sense of accomplishment—something more immediate than the long-term timelines of defense contracting—made him a natural fit for the industry.
As a Navy Veteran Mortgage Broker, Vic focuses heavily on debunking VA loan myths, specifically the misconception that veterans lack "skin in the game" or that VA appraisals are unnecessarily difficult. He argues that the "down payment" is earned through military service. His experience rebuilding his house leads to him really appreciate and promote the VA One-Time-Close Construction Loan for building in Colorado Springs.
A technical highlight of the episode is Vic’s breakdown of the VA Funding Fee. He demonstrates how a 5% down payment can significantly reduce this fee, saving veterans thousands of dollars in both upfront costs and long-term interest.
Throughout the interview, Vic emphasizes the importance of integrity, the necessity of verifying a Certificate of Eligibility (COE), and the value of the Vetted VA community in providing a professional support network for both lenders and the veterans they serve.
Quick Navigation: Table of Contents
00:50 Vic’s Background: 27 years in the Navy and 40 different addresses.
03:40 The Turning Point: Losing a home to a wildfire and the journey to rebuilding.
04:42 Designing and building a custom home as a Veteran.
08:30 The Evolution of the VA Loan: Dispelling old myths from 1992 vs. today.
10:09 Myth Busting: "Skin in the game" and VA appraisal "toughness."
12:54 The Math of the Funding Fee: How to save thousands with a 5% down payment.
15:51 Why VA is almost always better than Conventional, even with 20% down.
22:30 The importance of the Certificate of Eligibility (COE).
25:30 Pre-Qualification vs. True Pre-Approval.
US Navy Career
Billets
Education
Navy CyberForces Liaison NSSI, Colorado Springs, 2009-2012
NORTHCOM Cyber-Space Assessment Lead Colorado Springs, 2007-2009
N6 - Information and Communication, ESG-3/CTF-58, Manama, Bahrain 2005-2007
Commanding Officer, NCTS Iceland, Keflavik, 2003-2005
Space Requirements Analyst, NAVSPACE, Colorado Springs, CO 2001-2003
Flag Communications Officer, EISENHOWER Strike Group, Norfolk, VA 1999-2001
Arms Control Specialist, US European Command, Stuttgart, Germany 1996-1999
Operations Officer and Navigator, USS ALASKA (SSBN-732), Bangor, WA 1992-1995
Tactical Systems Officer, USS OHIO (SSBN-726), Bangor, WA 1991-1992
Quality Assurance Officer, USS SAN FRANCISCO (SSN-711), Pearl Harbor, HI 1986-1989
Bachelor of Science in Mechanical Engineering, Tulane University, New Orleans, LA
Master of Arts in National Security Affairs, Naval Postgraduate School, Monterey, CA
Information Systems and Space Operations Certificate, Naval Postgraduate School, Monterey, CA
Space 300, National Security Space Institute, Colorado Springs, CO
Submarine Officer Advanced Course, Naval Submarine School, Groton, CT
Advanced Instructor Course, National Security Space Institute, Colorado Springs, CO
Joint Professional Military Education Phase II, Armed Forces Staff College, Norfolk, VA
Joint C4I Staff and Operations Course, Joint Forces Staff College, Norfolk, VA
Interservice Space Intelligence Operations Course, Air Education Training Center, Schriever AFB, CO
Air Command and Staff College, Air University, Maxwell AFB, AL
Information Professional Senior Officer Course, Naval Postgraduate School, Monterey, CA
Submarine Officer Basic Course, Naval Submarine School, Groton, CT
Naval Nuclear Power School, Orlando, FL
Recent Success Stories
NMLS # 1084279
102 S Tejon Street, # 1100
Colorado Springs, Colorado, 80903
Call: 719-304-4900
Mon-Fri: 8am-7pm
Sat-Sun: By Appointment
