VA Loan Mortgage Rates & Requirements in Denver

VA Loan Mortgage Rates & Requirements in Denver

One small way the Federal government gives back to the servicemen and women of our country is through offering a government backed mortgage loan with attractive associated rates.

At US Mortgage, we are proud to provide our veterans with access to VA home loans in Denver - at low to no down payment, lower interest rates, and with access to simple refinancing through. You have served your country, now let us serve you. You've earned the right to own the home of your dreams, with a monthly payment that you can afford.

Learn more about Denver's VA home loans, who qualifies and how to start on your path towards a VA Loan in picturesque Denver, Colorado.

Denver's VA Mortgage Requirements

Credit requirements and costly down payments can make the idea of purchasing a home seem out of reach for many veterans and active duty military personnel. Veterans Affairs Loans, or VA Loans were established to ease this financial burden on the men and women who have already sacrificed so much for our country. Available with little to no down payments, and at greatly lowered interest rates, Denver's VA home loans allow servicemen, servicewomen and their surviving spouses to own a home.

Veterans who qualify for a VA Cash-Out refinancing loan will have the opportunity to receive cash from the value of their home, while also restructuring their current mortgage into a lower rate, or for a shorter term. It is not required that your original loan be a VA loan to refinance through VA Cash-Out refinancing!

At some of the lowest rates in Denver, VA Loan funds can be used for purchasing a home or cash-out refinancing a home.

What are the requirements for Denver VA Loans?

There are several specific qualifications to be met before being eligible for a VA home loan rates. The length of your service, duty status and character of service all determine eligibility for home loan benefits around the Denver area. Learn more about VA Loan mortgage on the VA Benefits website. http://www.benefits.va.gov/homeloans/

What are the next steps to getting a VA Loan from US Mortgages?

We recommend getting the necessary paperwork from the VA before discussing rates and options with our Denver office. Find out more about how to get your Certificate of Eligibility and what other paperwork you may need to provide by reviewing the US Department of Veterans Affairs website on the subject. http://www.benefits.va.gov/HOMELOANS/purchaseco\\_certificate.asp

Pre-Qualify In Minutes, With No Impact To Your Credit Score

With just some basic information, you are on your way to your new Home. In most cases, our agents will call you in a few minutes to get things started. In some rare events it could be up to 24 hours. We always try to call between 8am and 5pm MST, so we don’t disturb you after hours. If you would prefer we did call outside those ours, please just add in a note and we will be happy to oblige.

Why should I get pre approved for my home loan or refinancing?

Home loan pre approval in Denver simplifies the loan process. Preapproval allows a lender to see a full 360 degree view of the borrower's financial situation, enabling us to advise borrowers on all home loan considerations. This helps us identify which loan we offer is the best fit for the borrower. Prequalification allows borrowers to pursue the loan that's best for them and their financial situation.

How can I get ready for home loan prequalification in Denver?

Excellent question! A great place to start is by understanding what lenders look at. For the most part, lenders look at 4 things. The first is your FICO credit score which includes your payment history, credit utilization and the length of your credit history. The second is your income with respect to your monthly housing costs. The third is the number of current loans you have and their status. The fourth and final thing lenders consider is the percentage of the cost of the home you're looking to purchase that you can put as a down payment. Get ready for prequalification by understanding your status in these areas and identifying what you can do to improve them before buying a home.

About US Mortgages

US Mortgages has been securing mortgage pre approval in Denver for over 20 years. Let us know how to reach out to you, or give us a call today.

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Pre-qualification means one of our mortgage specialists will contact you. This does not represent an offer to enter into a loan agreement. Loans subject to credit and property approval. Normal credit qualifications and other terms and conditions apply. Not all loan products or terms are available in all states.