VA Loans in Colorado Springs: A Practical Guide for Military Families

Colorado Springs is home to Fort Carson, Peterson and Schriever Space Force Bases, and the Air Force Academy, so VA loans are part of everyday life here. I lived in Colorado Springs for 25 years and raised my kids there, so I have a soft spot for this city and the military families who call it home. If you are eligible, a VA loan is often one of the strongest financing options available.

Who is eligible

VA loans are available to many veterans, active-duty service members, some National Guard and Reserve members, and some surviving spouses. Eligibility is confirmed with a Certificate of Eligibility, which I can help you request.

The main benefits

• No down payment required for eligible borrowers in many cases

• No monthly mortgage insurance

• Flexible credit guidelines compared with many other loan types

• Limits on certain closing costs the borrower can pay

The VA funding fee

Most VA loans include a one-time funding fee that can be paid at closing or added to the loan. Veterans who receive VA disability compensation are generally exempt. The amount depends on factors like your down payment and whether you have used your benefit before, so we will review your specific numbers.

Buying on PCS orders

Military moves rarely wait for the perfect timing. Here is how I help families relocating to the Springs:

• Get pre-approved before you arrive so you can shop with confidence

• Work remotely with your agent using e-signatures and video calls

• Plan around report dates and temporary housing

• Keep the file moving even if you are still at your current duty station

Using your VA benefit again

Many people do not realize VA entitlement can often be restored after a VA loan is paid off, and in some cases you can have more than one VA loan at a time. If you are keeping a home at a previous duty station, we can look at whether you still have entitlement available.

Neighborhoods to consider

Military families buy all over the area, from Briargate and Northgate near the north side to Fountain and Security-Widefield near Fort Carson, and newer communities in Falcon and Powers. I will help you compare the full monthly cost of each option, including taxes and HOA dues.

Next steps

If you have orders to Colorado Springs or you are a veteran ready to buy, reach out and we can review your eligibility and options.

This article is general information, not a commitment to lend. Loan programs and guidelines change, and all loans are subject to credit approval and underwriting. Jason Valant, NMLS #2780983. DNVR Lending, LLC, NMLS #2403751. Equal Housing Opportunity.