If you served, a VA home loan is one of the best benefits you have earned. Yet I regularly meet veterans here in the Four Corners who either do not know they qualify or think the benefit is more limited than it is. Here is a plain-English guide.
Most VA loans include a one-time funding fee. Veterans who receive VA disability compensation are generally exempt, and I can check that for you.
More people than you might think, including veterans who meet the service requirements, active-duty service members, many National Guard and Reserve members, and some surviving spouses. If you have used your benefit before, you may still have entitlement available, or it may be restored after you sell.
It helps to have your DD-214 (or a statement of service if you are active duty), recent pay stubs, W-2s and bank statements. I can pull your Certificate of Eligibility for you, so you do not have to track it down.
Whether you are buying in Durango, Bayfield, Cortez or Pagosa Springs, I would be honored to help. Thank you for your service.
Still comparing mortgage lenders in Durango? See how working with one local broker lets you compare multiple lenders for your situation.
Have questions about your own situation? Call me at 970-828-1610 or book a time to talk. There is never any cost or obligation.
Peter Pritchard, NMLS #404172 | Animas Mountain Mortgage Inc., NMLS #1742747 | 1099 Main Ave, Ste 305, Durango, CO 81301 | Equal Housing Opportunity. This article is general information, not a commitment to lend. Loan approval depends on credit, income, property and program guidelines.
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