Colorado Veteran (VA) Home Loans
Veteran Home Loans
As a veteran-owned business, we understand the sacrifices our military servicemembers and their families undergo each and every year. Contact us to get the absolute best rate and discounts on your VA Home Loan.
NMLS # 1268978
Eric Montgomery, founder, on right end
Take advantage of a VA home loan with the help of our friendly, knowledgeable underwriters.
If you are a veteran, a servicemember, or the surviving spouse of one, you may qualify for a VA home loan. These loans offer more favorable terms than traditional home loans — such as no down payment requirement and limited closing costs.
At New Way Financial, we underwrite VA-backed home loans and can help you secure the fairest terms for your loan. Our founder, Eric, is an Army veteran himself and uniquely understands this process.
We’d love to get to know you and your family, talk about your dreams and goals for the homebuying process, and match you with a loan that perfectly suits your needs. Contact us today at {PHONE NUMBER} to learn more.
What Are VA Home Loans?
VA home loans are mortgage loans guaranteed by the U.S. Department of Veterans Affairs. This VA guaranty means that the VA backs the loan if the borrower defaults on it, enabling lenders to provide more favorable terms than they can through traditional loans. VA home loans offer benefits like:
- No down payments (in many cases)
- No private mortgage insurance requirements
- Lower interest rates
- More lenient credit requirements
- Lifetime benefits
- Limited closing costs
These loans are available to those who qualify for VA benefits, including veterans, servicemembers, and their families. If you’re thinking of buying a house and you qualify for VA benefits, VA home loans are worth exploring. We can help you understand your options and find the best terms for your home loan.
VA Purchase Loan
VA purchase loans are for buying, building, or improving a home. You may qualify if you meet the VA’s requirements for a Certificate of Eligibility (COE), you will live in the home you’re purchasing or renovating with the loan, and you meet our underwriting requirements.
VA purchase loans offer much better terms than you can find with a typical mortgage. You won’t owe a down payment as long as the sale price isn’t higher than the home’s appraised value. You’ll also enjoy lower interest rates and closing costs. If you receive disability payments, your VA funding fee will be waived.
Connect with us today to find out whether you may qualify for a VA purchase loan and how to apply.
VA Construction Loans
VA construction loans could help you fund a new home construction. These short-term VA home loans have no down payment or private mortgage insurance requirements.
When your home is complete, your loan can become a mortgage. This is a great benefit for veterans looking to build their own home.
Interest Rate Reduction Refinance Loan (IRRRL)
If you already have a VA-backed home loan but want to reduce your monthly payment, consider an interest rate reduction refinance loan (IRRRL). This streamlined refinance loan for veterans can lower your existing interest rate or move you to a loan with fixed interest instead of variable. There’s no credit check, and you can roll the fees into the loan so that you won’t owe any money down.
IRRRLs sometimes come with closing costs, so we’ll help you make sure the cost of the loan still makes sense when compared to the money you will save.
Why Choose New Way Financial for Your VA Home Loan?
At New Way Financial, we’re taking a new approach to lending and financial planning services. When you choose us as your home lender, you’re choosing all of the following.
Military Experience
To make the most of your VA benefits, you need a loan officer well-versed in the VA program and the loans available to you. Our lender Eric served in the U.S. Army and thoroughly understands the VA loan process. He’s taken advantage of VA loans in the past and can help you explore all of your options from a uniquely qualified standpoint.
Personalized Lending Process
We love getting to know our clients and will take the time to learn more about you and your family as part of the lending process. What are your goals and dreams? How can we help you achieve them? We want you to get excited about your home purchase and would love to be with you every step of the way.
Commitment to Your Satisfaction
We work hard to find the best financing options for you, whether that’s a VA home loan or something else. As a small firm of local Colorado underwriters, we know about exemptions and benefits that the bigger companies don’t have time to look for.
Learn More About Your VA Loan Options
Ready to see if you qualify for a VA home loan? Give New Way Financial a call today at (720) 973-1490 to get started. Request assistance today.