Zero down payment home financing for eligible veterans, service members, and surviving spouses
If you’re a military veteran, active-duty service member, or eligible surviving spouse, a VA home loan is one of the most powerful benefits available to you. Backed by the U.S. Department of Veterans Affairs, Colorado VA home loans make it easier to buy or refinance a home with no down payment, no monthly mortgage insurance, and flexible credit guidelines.
At Choice Mortgage Group, we proudly serve veterans and military families throughout Centennial, Denver, Parker, Castle Rock, and all across Colorado.
Why choose a VA home loan?
Here are just a few of the standout benefits of VA financing:
- No down payment required – finance up to 100% of the home’s value
- No monthly mortgage insurance (PMI) – a major monthly savings
- Competitive interest rates – often lower than conventional loans
- Flexible credit standards – common for credit scores starting at 580–620*
- Limited closing costs – and the seller can pay them for you
- Lifetime benefit – you can use your VA entitlement more than once
Whether you’re buying your first home or refinancing your current mortgage, VA loans offer unmatched advantages for qualified military borrowers.
Learn more directly from the VA's official home loan page.
Who qualifies for a VA loan?
You may be eligible for a VA home loan if you meet any of the following:
– You’re an active-duty service member, veteran, or reservist
– You’ve served at least 90 days during wartime or 181 days during peacetime
– You’re a surviving spouse of a veteran who died in service or from a service-connected disability
– You have a valid Certificate of Eligibility (COE)
Don’t have your COE yet? We can help you obtain it quickly during the application process.
We’re honored to help Colorado veterans and service members make the most of their VA benefits. With in-house processing, fast closings, and expert guidance, we’ll help you navigate every step of the VA loan process, from pre-approval to keys in hand.
Call or text us at 303-670-0137, email us at rbaxter@choicemortgage.com, or fill out our quick quote form to get started.
*VA guidelines as of May 2025
*Eligibility and credit standards may vary
For official information, visit the VA Home Loan Program.
VA Home Loan FAQs
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs, designed to help eligible service members, veterans, and surviving spouses become homeowners. They are highly valued for their exceptional benefits, including no down payment and no mortgage insurance.
Eligibility for a VA loan in Colorado generally extends to active-duty service members, veterans, and certain surviving spouses who meet specific service requirements. A Certificate of Eligibility (COE) from the VA confirms your eligibility.
No, one of the most significant benefits of a VA loan is that it typically requires no down payment, allowing eligible borrowers to finance 100% of the home's purchase price. This makes homeownership more accessible for qualified individuals.
No, VA loans do not require private mortgage insurance (PMI), which can save borrowers a substantial amount monthly compared to other low or no-down-payment loan types. This is a major cost-saving advantage.
The VA funding fee is a one-time fee paid directly to the VA, which helps to keep the VA loan program running without taxpayer money. It varies based on your down payment amount, service type, and whether you've used your VA loan benefit before, but certain veterans are exempt.
While the VA itself does not set a minimum credit score, most lenders for VA loans in Colorado typically look for a credit score of 620 or higher. A strong credit history helps in securing favorable terms.
