Your VA Loan

Handled Right!

by a fellow Vet.

THINKING ABOUT BUYING A HOME?

If you're a veteran, active-duty service member, or qualifying spouse in Colorado, a VA loan offers one of the most affordable paths to homeownership—with no down payment and no private mortgage insurance required.

Colorado VA LOAN

VA loans are the most powerful mortgage benefit available to active-duty service members, veterans, and eligible surviving spouses — and in Colorado Springs, they're used at nearly double the national average for good reason.

Zero down payment, zero PMI. Unlike conventional or FHA loans, VA loans require no down payment and no private mortgage insurance — ever. In a Colorado Springs market where the average home runs $400,000+, that's potentially $20k-$80k you keep in your pocket.

No loan limits for full-entitlement buyers. If you have full VA entitlement, there is no maximum loan amount. You can purchase above conforming loan limits without needing a separate high balance loan — a major advantage in our rising market.

BAH counts as qualifying income. Active-duty borrowers at Fort Carson, Peterson SFB, and Schriever SFB can use their Basic Allowance for Housing as qualifying income. Because BAH is tax-free, I can gross it up by 25%! — meaningfully increasing your buying power.

Competitive rates with protected closing costs. VA loans consistently come in below conventional rates, and Sellers can contribute up to 4% in concessions above closing costs for debt payment,, and of course disabled veterans/Purple Heart recipients are completely exempt from the VA funding fee.

Flexible credit and income guidelines. VA underwriting is built for military financial profiles — non-traditional income, deployment gaps, and less-than-perfect credit are handled differently than conventional programs. There is NO FICO SCORE/Credit minimum mandated by the VA, nor is there a debt to income (DTI) limit.

Reusable for every PCS. Your VA benefit doesn't expire. Sell your home, pay off the loan, restore your entitlement, and use it again at your next duty station. You can have multiple VA loans simultaneously, although you may incur down payment requirements on subsequent uses. Call me at 719-304-4900 with your details.

My Relentless Commitment Is To Provide You With

The Best Possible Services

VA Loans

and How They Work

VA loans are government-backed mortgages available to eligible veterans, active-duty military members, and certain surviving spouses. These loans are guaranteed by the U.S. Department of Veterans Affairs and designed to make homeownership more accessible and affordable for those who’ve served.
One of the biggest advantages of a VA loan is that it requires no down payment —allowing qualified buyers to purchase a home with little to no upfront cash. Additionally, VA loans do not require private mortgage insurance (PMI), which can save borrowers hundreds of dollars each month.
In Colorado Springs, where military families and veterans make up a significant part of the community, VA loans provide a reliable, cost-effective way to buy, build, or refinance a home.
VA loans are available for single-family homes, townhomes, and certain condos that meet VA guidelines. They can also be used for refinancing through the VA’s Interest Rate Reduction Refinance Loan (IRRRL) or cash-out refinance programs.

How to Qualify for a

VA Mortgage Loan

To qualify for a VA loan, you must meet military service requirements. This typically includes:
- 90 days of active-duty service during wartime,
- 181 days of service during peacetime,
- or 6 years of service in the National Guard or Reserves.
Certain surviving spouses of deceased veterans may also be eligible.
You’ll need to obtain a Certificate of Eligibility (COE)
from the VA, but I can pull it in about 5 minutes.
Many VA lenders require a minimum credit score of at least 620, but not at Peak Seven Mortgage. I broker to lenders who do not have a minimum requirement.

VA loans do not require a down payment, though you may still need to cover some closing costs unless they are negotiated into the purchase with sellers concessions.

VA loans are different from

other mortgages

VA loans come with a long list of benefits that make them one of the most affordable mortgage options available.

There’s no down payment required , and you’ll never have to pay private mortgage insurance (PMI), even if you finance 100% of the home’s value.

Interest rates on VA loans are often lower than those on conventional loans, helping you save money over the life of the loan.

There are also limits on what you can be charged for closing costs , and sellers are allowed to pay a portion of your closing costs as part of the negotiation.

Whether you’re buying your first home or refinancing your current one, VA loans offer unmatched flexibility, low cost, and long-term savings—exclusively for those who’ve served.

APPLY NOW and GET PRE-APPROVED

VA Loan FAQs

Who do I have to change how I bank?

Not necessarily. Some borrowers route all of their income and expenses through the Wealth Builder account to maximize

savings. Others take a hybrid approach — keeping their existing checking account and simply transferring surplus funds

periodically. Both work. The more actively you use the account, the greater the benefit.

What happens if I need to use money I've paid down?

Your available credit grows as your balance drops so if you need funds for home improvements, an emergency, or any

other purpose, you can draw from the line at any time without refinancing. The credit limit remains fixed for the first 10

years of the loan.

How is the interest rate determined?

Your available credit grows as your balance drops so if you need funds for home improvements, an emergency, or any

other purpose, you can draw from the line at any time without refinancing. The credit limit remains fixed for the first 10

years of the loan.

How fast can I realistically pay off my home?

It depends on your income, your spending habits, and how actively you use the account. Borrowers who consistently

route surplus income through the account can pay off significantly faster than with a traditional 30-year mortgage and in

some cases in half the time or less. Your loan officer can model this out for your specific situation.

Is there a minimum amount I must draw at closing?

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Can the interest be tax deductible?

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