FAQs: Applying for a VA Loan in Pueblo

Are you looking to apply for a VA loan in Pueblo, Colorado? We can help! Here we’ll go over some of the biggest questions you might have.

How to Get a VA Loan in Pueblo

Before you apply for your loan, it’s important to do your research and be ready for any issues that might come up. The more prepared you are, the smoother the whole process will be.

VA Loan Eligibility

One massive benefit to getting a VA loan in Pueblo and throughout the US is the ability to purchase a home without a down payment. People who might have trouble getting financing otherwise can experience homeownership thanks to VA loans. Another advantage is that VA loans have flexible credit and income requirements and lower rates than most lenders.

This VA loan entitlement is hard-earned and provides qualified veterans with buying power and flexibility. For most veterans, military families, and service members, the VA loan program is the most simple and easiest way to own a home.

What Are VA Loan Entitlements?

The VA loan program is a way for the Department of Veterans Affairs to provide you with a financial guarantee on your mortgage. The VA doesn’t offer home loans directly, but it does guarantee a portion of it. That guarantee helps people who might otherwise have trouble getting a loan.

How to Get a Certificate of Eligibility

Getting your COE (Certificate of Eligibility) is essential for verifying your eligibility and entitlement to receive a VA loan in Pueblo. You won’t be able to complete the lending process without a Certificate of Eligibility. You can obtain your COE either directly from the VA, which typically takes a few weeks.

What Are the VA Loan Eligibility Requirements?

Here are the basic eligibility requirements for veterans and service members, including the Reserves, the National Guard, and surviving spouses.

181 days served during peacetime
90 days served during wartime
6 years served in the National Guard or Reserves
Spouses of veterans who died in the line of duty or due to a service-connected disability

Not everyone who is eligible for a VA loan will get one. There are also credit requirements and underwriting standards set by the VA and the lender that you must meet in order to secure your loan.