VA Loan

VA Loan

Backed by the Department of Veterans Affairs, VA loans are reserved for most active-duty military personnel and veterans, and select members of their families. Excel Financial Group has years of experience with helping people get VA Home loans in Colorado and understand current VA mortgage rates. 

Beneficial features of VA loans include:

  • Little to no down payment from qualified borrowers that are buying primary residences;
  • The ability to qualify for the entire amount of financing (100%); and
  • Because the VA guarantees a portion of the loan, no private mortgage insurance premiums to be paid. 

Veterans don’t have to be first-time buyers, and this benefit may be used again in the future. 

Remember that the VA does not lend money. It guarantees private lender loans. It also imposes a funding fee of between 1.25% to 3.3% of the loan amount, paid up front, and either rolled into the loan or paid by the seller. 

VA Loan

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