Why More Veterans Are Applying for VA Home Loans in Colorado Springs
If you’re considering buying a house, there’s never been a better time. Spring is here, listings are popping up across the city, and financing options are becoming better each day. However, there’s been a huge surge in the number of veterans applying for VA home loans in Colorado Springs and with good reason: VA loans are the best way to buy a house in 2020. Here’s why.
Low Interest Rates
When veterans apply for VA home loans in Colorado Springs, they’re better able to lock in a low interest rate for the life of the loan. While rates are plummeting across the board, most VA loans still offer lower interest than conventional mortgages. If you’re a qualified veteran looking to buy a house, using your VA loan entitlement is the best way to save money on the purchase. The lower your interest rate is, the less you’ll pay each month.
No Down Payment Requirement
VA loans in Colorado Springs allow you to buy a house without forcing you to use your hard-earned savings as a down payment on the property. You’re able to finance the full sale price of the house without penalty. Since the spread of COVID-19 has essentially shut down the economy, the more money you can keep in your bank account, the better.
Colorado Springs Has Natural Beauty
Colorado Springs may be one of the largest cities in Colorado, but it’s also one of the most beautiful in the state. It’s surrounded by mountains, has access to breathtaking hiking trails, and offers some of the best recreation opportunities in the area. It’s no wonder more veterans are applying for home loans!
A Vibrant Military Community
There are more than 63,000 current and former service members that call Colorado Springs home. This means veterans looking to use VA home loans in Colorado Springs to buy property will be surrounded by like-minded individuals and have dozens of real estate agents familiar with VA loans and financing to work with. The buying experience will be smoother and more pleasant for everyone involved because so many other veterans have already paved the way.
If you’re looking to buy a house, applying for VA home loans in Colorado Springs is the best way to finance your purchase. Take advantage of the low interest rates today and apply online now. The sooner you get your application in, the sooner you’ll be able to buy the house of your dreams.