Silhouette of a U.S. military service member holding an American flag at sunset, representing VA home loan eligibility in Colorado

If you’re a veteran or active-duty service member in Colorado, you’ve probably heard that VA loans are one of the most powerful home financing options available, and that includes the potential for no down payment.

Yes, VA Loans in Colorado Can Offer 100% Financing

One of the standout features of a VA loan is that it allows eligible buyers to purchase a home with zero down, as long as the home appraises for the purchase price (or more). That means no waiting years to save up 20%, or even 5%, which is a game-changer for many Colorado families.

What About Closing Costs?

While VA loans don’t require a down payment, they do come with closing costs. These can include lender fees, title charges, prepaid taxes, and insurance. However, VA rules limit what veterans can be charged, and many of these costs can often be negotiated or paid by the seller.

Do I Have to Pay a VA Funding Fee?

Most borrowers do pay a VA funding fee, which helps keep the program running. It’s a one-time fee that can often be rolled into your loan. However, some veterans are exempt. For example, if you have a service-connected disability. Here’s more from the VA on exemptions.

Who’s Eligible for a VA Loan?

Eligibility is based on your military service history. Generally, if you’ve served:

  • 90 consecutive days during wartime, or
  • 181 days during peacetime, or
  • 6 years in the National Guard or Reserves

…you may qualify. The VA has a full eligibility breakdown here.

Local Expertise for Colorado Buyers

As the top-rated VA mortgage lender in Centennial and throughout Colorado, I take pride in helping veterans and service members take full advantage of their benefits. Whether you’re buying your first home or refinancing, I’ll walk you through the numbers and options with transparency and care.

Have questions or ready to get started?
Contact me today to see what VA financing looks like for you in Colorado.

Posted in Blog, Home Bottom 2, Home Purchase