Colorado and the VA loan programs

In the state of Colorado there are many valuable benefits that veterans get when using the VA Home Loan Guarantee Program. This program allows veterans to purchase a home with no money down in the state of Colorado.

Some of the valuable benefits of this program include:

• Zero money down home loans. Veterans who live in Colorado can get mortgage loans without having a down payment. This is because the VA understands that it can take a long time to save for a down payment for a home and they want to help veterans become homeowners now without the waiting.



• Great loan terms are also a part of the VA Home Loan Guarantee Program. In the state of Colorado veterans who apply for the VA Home Loan Guarantee mortgage loan can get fantastic terms of their loans. The VA will not allow certain penalties or shady lending practices to occur in their program. The VA also offers a guarantee on a portion of the mortgage loan so that if the veteran defaults on the loan the lender is assured that part of the loan will be paid back by the federal government. Because of this, lenders are more likely to offer more favorable terms to veterans who are getting a loan through the VA Home Loan Guarantee Program



• Another valuable benefit of using the VA Home Loan Guarantee Program is the low closing costs. The VA only allows certain closing costs and limited fees to be charged on their loans. This can save veterans a lot of money in the long run.

For residents of Colorado there are many home loan benefits to explore with the VA. Go to www.va.gov for more information or contact the VA Regional Loan Servicing Center for the state of Colorado by phone at 1-888-349-7541 or by mail or website at:

Department of Veterans Affairs
VA Regional Loan Center
155 Van Gordon Street
Lakewood, CO 80228

http://www.vba.va.gov/ro/denver/loan/lgy.htm
By phone: 1-888-349-7541