Eligible veterans and their families may
be able to buy a home with no money
down through Houz Mortgage with
credit scores as low as 580!
COLORADO
BENEFITS OF VA-LOANS
Buy a home with no down payment
Refinance up to 120% of your home’s current value
Use your VA loan benefits even if you have used them in the past
treamline refinance available for veterans already in a VA mortgage loan (lower fees and less documentation)
No monthly private mortgage insurance (PMI)
FICO scores as low as 580 may qualify
No prepayment penalties, pay more anytime
Funding Fee can be rolled back into the loan instead of out of pocket to lower your closing costs
Houz Mortgage offers VA Loans to veterans, current military members, and the surviving spouses of veterans. Honorable military service has earned this benefit with incredibly low interest rates, flexible terms, and as little as 0% down payment, no private mortgage insurance (PMI), and more flexibility in qualifying. Houz Mortgage offers a variety of terms including 10 year, 15 year, 30 year, and adjustable rate mortgage options.
Colorado VA Loans are mortgage loans guaranteed by the United States Department of Veteran Affairs (VA). Only approved lenders are able of issuing VA guaranteed mortgage loans. The purpose is to help veterans, active duty military, and surviving spouses to purchase homes and to refinance their existing mortgages.
VA LOAN QUESTIONS
Do I need to pay PMI with a VA Loan?
VA Loans can be used for purchasing a new home, refinancing to lower your interest rate, or to receive cash out using your home’s equity.
Do I need to pay PMI with a VA Loan?
No, you do not need to pay for any type of mortgage insurance with a VA loan.
What is a VA Funding Fee?
The VA funding fee is charged to maintain VA loan availability for future veterans and their families without burdening tax payers and veterans.
Do I need to pay the VA funding fee out of pocket?
Most veterans roll the VA funding fee back into their loan and do not pay if out of pocket.
Will I need to pay the VA funding fee and how
much will it cost?
Veterans with service-connected disabilities do not normally need to pay the funding fee. The fee
for other veterans can vary based on the veteran’s circumstances. Most veterans
using their benefits for the first time have a funding fee of 2.15% and subsequent
VA mortgage loans have a funding fee of about 3.3%. Call us to find out what your funding
fee will be for your specific to your situation.
VA LOAN LIMITS
The VA limits the maximum guaranty amount is $424,100 except for a few counties that have loan limits that are higher
based on the county median home values reported y the Federal Housing Administration (FHA).
Houz Mortgage also offers Jumbo VA loans for qualified borrowers for loan amounts even higher that those listed below.
DENVER FOR MORE INFORMATION, YOU MAY CONTACT THE VA REGIONAL LOAN CENTER:
Department of Veterans Affairs
VA Regional Loan Center
155 Van Gordon Street
Lakewood, CO 80228
(Mail: Box 25126, Denver, CO 80225)
http://www.benefits.va.gov/denver/regional-loan-center.asp
HOUZ MORTGAGE HAS OFFICES LOCATED IN DENVER, AURORA AND COLORADO SPRINGS. WE ALSO WORK WITH
CLIENTS ACROSS THE ENTIRE STATE OF COLORADO, INCLUDING COLORADO SPRINGS, FT. COLLINS, BOULDER AND FOLLOWING CITIES:
BELOW ARE THE COUNTIES THAT HAVE
HIGHER LOAN LIMITS IN COLORADO FOR 2020:
The table below shows conforming loan limits for all Colorado counties and for all unit types. Keep in mind that a
single-family residence is referred to us a 1-unit properly below, so if you are thinking of buying a single-family home in 2020,
refer to the 1-unit column below. Duplexes are referred to 2-unit properties, triplexes are referred to as 3-unit properties, and
multi-plexes are referred to as 4-unit properties below.
| County Name | State | One-Unit Limit | Two-Unit Limit | Three-Unit Limit | Four-Unit Limit |
| ADAMS | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| ALAMOSA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| ARAPAHOE | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| ARCHULETA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| BACA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| BENT | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| BOULDER | CO | $ 626,750 | $ 802,350 | $ 969,850 | $ 1,205,300 |
| BROOMFIELD | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| CHAFFEE | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| CHEYENNE | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| CLEAR CREEK | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| CONEJOS | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| COSTILLA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| CROWLEY | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| CUSTER | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| DELTA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| DENVER | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| DOLORES | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| DOUGLAS | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| EAGLE | CO | $ 696,900 | $ 892,150 | $ 1,078,400 | $ 1,340,200 |
| ELBERT | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| EL PASO | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| FREMONT | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| GARFIELD | CO | $ 718,750 | $ 920,150 | $ 1,112,250 | $ 1,382,250 |
| GILPIN | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| GRAND | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| GUNNISON | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| HINSDALE | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| HUERFANO | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| JACKSON | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| JEFFERSON | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| KIOWA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| KIT CARSON | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| LAKE | CO | $ 625,500 | $ 800,775 | $ 967,950 | $ 1,202,925 |
| LA PLATA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| LARIMER | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| LAS ANIMAS | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| LINCOLN | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| LOGAN | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| MESA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| MINERAL | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| MOFFAT | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| MONTEZUMA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| MONTROSE | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| MORGAN | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| OTERO | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| OURAY | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| PARK | CO | $ 561,200 | $ 718,450 | $ 868,400 | $ 1,079,250 |
| PHILLIPS | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| PITKIN | CO | $ 718,750 | $ 920,150 | $ 1,112,250 | $ 1,382,250 |
| PROWERS | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| PUEBLO | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| RIO BLANCO | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| RIO GRANDE | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| ROUTT | CO | $ 625,500 | $ 800,775 | $ 967,950 | $ 1,202,925 |
| SAGUACHE | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| SAN JUAN | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| SAN MIGUEL | CO | $ 625,500 | $ 800,775 | $ 967,950 | $ 1,202,925 |
| SEDGWICK | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| SUMMIT | CO | $ 625,500 | $ 800,775 | $ 967,950 | $ 1,202,925 |
| TELLER | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| WASHINGTON | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| WELD | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |
| YUMA | CO | $ 484,350 | $ 620,200 | $ 749,650 | $ 931,600 |