VA Home Loans in Colorado
Colorado’s Mortgage Experts Proudly Serving Those Who Served
VA Home Purchase Loans
Buying a home as a veteran or active-duty service member shouldn't come with unnecessary obstacles. That’s why the VA loan program exists—and why we’ve helped hundreds of Colorado veterans become homeowners with ease. The VA home loan allows you to purchase a primary residence with no down payment, no PMI, and competitive interest rates that beat many conventional options.
At United Home Mortgage, we specialize in helping veterans and military families navigate the VA loan process from pre-approval to closing. Whether you're PCS-ing to a new base, buying your first home near Ft. Carson, or finally planting roots in the Colorado Springs area, we’re here to guide you every step of the way.
Our team handles the paperwork, coordinates with your Realtor®, and ensures you're maximizing your VA benefits—without the runaround.
- 0% Down: Keep your savings in the bank.
- No PMI: Save hundreds every month.
- Lower Rates: VA loans offer some of the best rates on the market.
- Flexible Requirements: Great for buyers with limited credit history.
- Repeat Use Allowed: Your VA benefit doesn’t disappear after one use.
You're not just a borrower to us—you're a hero we’re proud to serve.
VA Cash-Out Refinance
Your home is more than just a place to live—it’s one of your greatest financial tools. With a VA cash-out refinance, you can access up to 100% of your home’s equity, giving you the power to pay off high-interest debt, renovate your home, or simply strengthen your financial position.
This program is available even if you don’t currently have a VA loan. You can refinance a conventional, FHA, or other loan type into a VA loan—and unlock all the benefits that come with it. Unlike conventional cash-out programs, VA loans don’t require mortgage insurance, even at higher loan-to-value ratios. That means more cash in your pocket every month.
Whether you want to pay off student loans, invest in your business, or finally build that garage you’ve been dreaming about, we’re here to help make it happen.
- Refinance up to 100% of your home’s value
- Convert non-VA loans to VA loans
- No private mortgage insurance (PMI)
- Competitive fixed interest rates
- Use funds for any purpose
Let’s turn your home equity into opportunity—with a trusted local lender who puts veterans first.
VA IRRRL (Interest Rate Reduction Refinance Loan)
If you already have a VA loan, the VA IRRRL—often called the "Streamline Refinance"—makes it incredibly easy to lower your interest rate and monthly payments. This program is one of the fastest, simplest, and most cost-effective refinance options available to veterans.
There’s no home appraisal required, no income verification needed, and very little paperwork. You can often roll the closing costs into the loan itself, meaning no money out of pocket. Plus, you can even switch from an adjustable-rate mortgage (ARM) to a more stable fixed rate.
Many of our clients in Colorado Springs, Pueblo, and beyond have used the IRRRL to reduce their financial stress and free up monthly income—all while keeping their VA benefits intact.
- Lower your interest rate fast
- No appraisal or income docs required
- Streamlined process = fast closings
- Convert ARM to fixed rate
- No out-of-pocket costs (in most cases)
If it's been a while since you reviewed your mortgage, this might be the simplest win you'll get all year.
Frequently Asked Questions About VA Loans
1. Who is eligible for a VA loan?
VA loans are available to eligible veterans, active-duty service members, members of the National Guard and Reserves, and surviving spouses. Most borrowers need to meet service time requirements and obtain a Certificate of Eligibility (COE) from the VA.
2. Do I need a down payment for a VA loan?
No. One of the key benefits of a VA loan is that you can finance 100% of the home’s value—meaning no down payment is required for most eligible borrowers.
3. What credit score do I need to qualify?
While the VA does not set a minimum credit score, most lenders—including United Home Mortgage—prefer a score of at least 580–620 for smooth qualification. We also offer flexible options for lower credit borrowers on a case-by-case basis.
4. Can I use my VA loan benefit more than once?
Yes. VA loans are a lifetime benefit. You can use your entitlement multiple times as long as you meet certain conditions or restore your entitlement after a previous VA loan is paid off or sold.
5. What is a VA IRRRL (Streamline Refinance)?
The VA IRRRL (Interest Rate Reduction Refinance Loan) is a simplified refinance option for borrowers with an existing VA loan. It usually requires no appraisal, no income verification, and minimal paperwork—allowing you to reduce your interest rate quickly.
6. Can I refinance a conventional loan into a VA loan?
Yes. Through the VA Cash-Out Refinance program, eligible borrowers can refinance a non-VA loan into a VA loan—often eliminating PMI and accessing better terms.
7. Do VA loans have mortgage insurance?
No. VA loans do not require monthly private mortgage insurance (PMI), which can save borrowers hundreds of dollars each month compared to FHA or conventional loans.
8. Are VA loans only for first-time homebuyers?
Not at all. VA loans are available to both first-time and repeat homebuyers. Many of our clients in Colorado have used their VA loan benefit more than once to buy or refinance homes.
9. What is the VA funding fee, and do I have to pay it?
The VA funding fee is a one-time fee that helps fund the VA loan program. It varies based on your loan type, down payment, and whether it's your first-time use. Some veterans—such as those with service-connected disabilities—are exempt from the fee entirely.
10. How long does it take to close a VA loan?
Most VA loans can close in about 20 to 30 days. At United Home Mortgage, we aim to close VA loans as fast—or faster—than conventional lenders. Our local experience and streamlined process keep things moving quickly.
Support Resources for Veterans
We’re more than just a mortgage broker—we’re part of the community. If you're struggling financially or emotionally, these trusted organizations are ready to help:
- Veterans Crisis Line – Dial 988, Press 1 (24/7 Support)
- CO Dept. of Military & Veterans Affairs
- VA Financial Hardship Assistance
- Operation Homefront – Emergency financial relief
- Wounded Warrior Project
- Give An Hour – Free mental health services
- Mission 22 – Suicide prevention & awareness
- Disabled American Veterans (DAV)
- TAPS – Tragedy Assistance for Survivors
You fought for us—now let us fight for you.
Check out our latest Blog posts.
VA Loan Myths Debunked: Setting the Record Straight for Colorado Springs Veterans
“Think VA loans are too complicated or restrictive? Let’s clear the air on common misconceptions and show why a VA loan might be your best bet.”
VA Loans: A Hedge Against Rising Mortgage Costs for Colorado Springs Veterans
“VA rates may be rising—but the VA loan benefit still packs a punch. Here’s how veterans and military families in Colorado Springs can win in today’s market.”
2025 Mortgage Forecast: Where Rates Are Headed and What Colorado Springs Homebuyers Need to Know
“Wondering if 2025 is the year to buy or refinance? Here’s your crystal ball view into mortgage rates and how to make smart moves in Colorado Springs.”
House Hacking in Colorado Springs: Leveraging FHA, VA, and Conventional Loans for First-Time Investors
“Want to own property and live rent-free? Learn how Colorado Springs investors use FHA, VA, and Conventional loans to house hack their way into financial freedom.”
VA Home Loans 101: The Ultimate Guide for Military Families and Veterans
Discover everything you need to know about VA home loans in this comprehensive guide for military families and veterans living in Colorado Springs. Whether you’re stationed at Ft. Carson, Peterson AFB, Schriever SFB, or the Air Force Academy, this article breaks down how VA loans work, why they’re one of the best mortgage options available, and how to start using your VA entitlement to buy a home with zero down.
Refinancing During a 2-1 or 3-2-1 Buydown: Separating Myths from Mortgage Facts
Think you can’t refinance during a 2-1 or 3-2-1 buydown? Think again. In this eye-opening article, we debunk common myths, explain how buydowns work, and reveal how unused buydown funds can actually help you save even more when refinancing. Perfect for veterans, first-time buyers, and anyone navigating today’s interest rate market.