Friday, October 31, 2014

How Denver Colorado VA Loan Home Buyers Get More From Their VA Loans With Low Fees

Denver Colorado Veterans Secret VA Home Loan Tips To Get The Most From Their VA Home Loans With Less Fees







So everyone knows a Denver Colorado Real Estate VA loan is a no money down home loan.  Here are three things you may not know.
1)  If you put down a little bit you will Shrink your FUNDING FEE.  The only downside of a VA loan is that it has a fee to the VA.  Learn to calculate that fee by going here.  As you see from the chart the amount reduced is greatest on a second time use.  The amount can drop from 3.3% to 1.75% with 5% down.  That means by paying down a $10,000 on a $200,000 debt (the VA loan) you can save over $3000 in fees.  That’s a 30% return on the debt day one.


2) Make sure you check your Denver Colorado VA disability amount if you have any.  A very small amount can make your VA funding fee disappear.  Then you have a NO money down loan, with NO MI, and no VA fee, and the rate is better than a 20% down conventional loan.  The Absolute best loan in the market.
3) If you are Denver home buyer looking to purchase a  home over $417,ooo you can STILL USE THE VA loan, and you don’t have to pay the rest in cash.  You only need to pay 25% of the difference.  So if the price is $450,000 you pay 25% of the $33,000 or $8250.  And a $500,000 loan would only be $20,750 down, no monthly MI, And a Better rate that Jumbo or Conventional Conforming.

Kevin Guttman
Sr Mortgage Banker
Top Colorado VA Home Loan Originator
877-251-9709
www.VAHomeLoansApproved.com
www.ColoradoHomeloanTeam.com
Colorado Springs, CO 80920


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