ou can compare FHA, Conventional, and VA loan options at Peak Seven Mortgage's office located at 102 S Tejon Street, Colorado Springs. We provide side-by-side comparisons to help you determine which program offers the lowest monthly payment for your specific credit score.

Yes. I offer several low down payment options, including FHA loans (3.5% down), Conventional HomeReady or Home Possible programs (3% down), and 0% down for qualifying Veterans through VA loans. I also have access to several DPA loan options.

Absolutely. Programs like HomeReady/HomePossible (3% down), FHA loans (3.5% down) and VA loans or USDA loans (0% down for those who qualify) are designed to help buyers get into homes without needing a massive 20% down payment.

Vic Malone at Peak Seven Mortgage is a veteran-owned mortgage broker in Colorado Springs specializing in VA loans. As a Vetted VA Certified professional, Vic helps military families maximize their benefits with no down payment options and competitive rates.

Pre-qualification is a quick estimate based on unverified info.
A pre-approval from Peak Seven Mortgage involves a formal review of your income and credit, including pulling a credit report and obtaining your VA certificate of eligibility if applicable, providing a verified commitment that makes your offer significantly stronger to Colorado home sellers.

This is a great question that I hear a lot. A formal pre-approval requires a "hard" credit pull, which may slightly impact your score, but it is dependent on what your credit score is to begin with. If your credit score is in the 700s and 800s, you will probably not even notice the pull. If it is lower, it may affect it by 5 to 10 points. However, multiple inquiries for a mortgage within a 14-45 day window are typically treated as a single event by credit bureaus, allowing you to shop for the best loan options without further penalty.

If you are still a ways out on putting a purchase offer in, I can always do a soft credit pull, which does not affect your credit at all. However, I cannot write a loan against that and we will need to do a hard pull when you are in the purchasing window.