General FAQs
What types of loans do you offer?
We offer VA Mortgages, FHA Loans, Conventional Loans, DSCR products, and Commercial Mortgages.
What are the benefits of a VA Mortgage?
VA Mortgages offer no down payment, no minimum credit score, competitive interest rates, and no private mortgage insurance (PMI), making home buying accessible and affordable for veterans and active duty military members.
How can I apply for a mortgage?
You can apply online through our secure application process. Visit our Apply Now page to get started.
What documents do I need to apply?
All loans are unique most will need proof of income, credit history, employment verification, and other financial documents. Our secure online portal makes it easy to upload these documents.
How fast can you close a loan?
We typically close loans faster than banks and credit unions, averaging around 12 days from submission to clear to close.
Do you offer down payment assistance?
Yes, we offer down payment and closing cost assistance programs for those who qualify. Contact us to see if you’re eligible.
Can I refinance my existing mortgage?
Yes, we offer refinancing options to help you lower your interest rate, access equity, or consolidate debt.
How do I get started?
Schedule a free mortgage consultation with us today by clicking the button below or contact us at (719) 297-3700 or email.
What if I have a low credit score?
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How do I qualify for a VA Mortgage?
To qualify, you must be an active duty service member, veteran, or eligible surviving spouse, have a Certificate of Eligibility (COE), sufficient income to cover mortgage payments, and a satisfactory credit history.
Specific VA Loan FAQ's
What is a VA Loan?
A VA Loan is a mortgage loan available through a program established by the United States Department of Veterans Affairs. The goal is to help veterans, active duty service members, and their families purchase homes with favorable loan terms and fewer restrictions.
Can I use a VA Loan more than once?
Yes, you can use your VA loan benefit multiple times as long as you pay off your previous VA loan, restore, or have additional remaining entitlement.
What is the VA Funding Fee?
The VA Funding Fee is a one-time fee required by the VA to help sustain the loan program. This fee varies based on your loan type, down payment, and whether you’ve used your VA loan benefit before. This fee is waived for disabled Veterans.
What are VA Loan limits?
VA Loan limits determine the maximum amount you can borrow without needing a down payment. These limits can vary by county and are adjusted annually.
Can I purchase a short sale or foreclosed property with a VA Loan?
Yes, you can use your VA loan benefits to purchase a short sale or foreclosed property, though the property must meet the VA's minimum property requirements.
What are the VA’s Minimum Property Requirements (MPRs)?
MPRs ensure that homes purchased with VA loans are safe, sanitary, and structurally sound. This includes having adequate roofing, a reliable heating system, and no pest infestations.
Do VA Loans require private mortgage insurance (PMI)?
No, VA Loans do not require PMI, which can save you money on your monthly mortgage payments.
What is the VA Interest Rate Reduction Refinance Loan (IRRRL)?
The VA IRRRL, also known as the VA Streamline Refinance, allows veterans to refinance their existing VA loan to a lower interest rate with minimal documentation and underwriting.
What is a VA Cash-Out Refinance?
A VA Cash-Out Refinance allows you to replace your existing mortgage with a new VA loan for a larger amount, enabling you to take out the difference in cash.
How soon can you refinance a VA loan?
Generally, you can refinance 210 days after your first mortgage payment and after making at least six monthly payments on time.
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