Elevation Mortgage

Your Trusted & Experienced Mortgage Broker
Elevation Mortgage

VA Loans

What Are VA Loans?

VA loans, short for Veterans Affairs loans, are a type of mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). These loans are designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).

One of the most significant benefits of VA loans is that they often require no down payment. This feature can make homeownership more accessible for veterans and their families. In addition, VA loans typically offer competitive interest rates, which can result in lower monthly payments compared to other types of loans.

Furthermore, VA loans do not require private mortgage insurance (PMI), a type of insurance that traditional lenders typically require on conventional loans when the down payment is less than 20%. This absence of PMI can lead to significant savings over the life of the loan.

However, while VA loans come with numerous advantages, they also have specific eligibility requirements. These include length of service or service commitment, duty status, and character of service. It’s important to check the VA’s official website or consult with a VA loan specialist to determine your eligibility.

Always remember, while VA loans can provide great opportunities for veterans to own a home, it’s crucial to fully understand the terms and conditions of the loan. Consult with a trusted financial advisor or mortgage professional before making your decision.

What You Need to Know About VA Loans?

Other Service

Possibility starts here. Get approved for your mortgage
It's Fast, Easy and Efficient!

Our Pre-Approval Process

Follow the 5-Step process to guaranteed success in your home buying journey. Our goal is to ensure a smooth and fluid process, which is achieved educating you every step of the way. Let us guide you home!

Step 1
Loan Consultation

We begin by understanding your financial goals and needs and discussing various loan options available to you in detail.

Step 2
Loan Application

Once you've chosen the right loan program, we assist you in completing the loan application accurately and efficiently.

Step 3
Upload Documents

You'll securely upload necessary documents such as income statements, tax returns, and identification to our online portal for review.

Step 4
Loan Review

Our team reviews your application and documents to ensure everything is in order and meets lender requirements.

Step 5
Pre-Approved

Upon successful review, you'll receive pre-approval, indicating that you meet initial qualification criteria, giving you confidence as you move forward with your home purchase.

Ready to Start The Pre-approval Process?

Its never too early to start the pre-approval process!

Expertise and Experience

Choose us for our unparalleled expertise and years of experience in the mortgage industry. Our team of professionals possesses deep knowledge and understanding of the market, ensuring you receive top-notch guidance and advice throughout the loan process.

Transparency and Trustworthiness

With us, you can trust that you're working with a transparent and trustworthy partner. We believe in open communication, honesty, and integrity, providing you with clear information and guidance to make informed decisions confidently. Choose us for a seamless and trustworthy mortgage experience you can rely on.

Flexible Rates & Low Fees

We offer flexible fees and an easy process, ensuring a hassle-free experience from start to finish. Choose us for a seamless and trustworthy mortgage experience you can rely on.

Book an Appointment Now!

Testimonial

Verified Google Reviews

Good
Based on 40 reviews
Dallas Hidalgo
Dallas Hidalgo
Reed has always been one of the best mortgage brokers to work with. He has the best rates and has always gotten the deal to the closing table.
MV Good
MV Good
Reed was an outstanding professional to work with! He helped us understand which mortgage option was best for us and was always very responsive to questions. I highly recommend him and his company if you are looking for a mortgage company.
Leah Canfield
Leah Canfield
I represented Buyers who got their mortgage from the Letson Group and Reed and his team were responsive, professional, and quick to problem solve as we had some last minute hoops to jump through on the Real Estate sale. They offer more diverse loan options than a standard bank and their rates are competitive. I recommend them!
Kira Molina
Kira Molina
Reed and the team at Elevation Mortgage are the best lending team around hands down!!!! At soooo many points in the home buying process I felt overwhelmed and as if I was just drowning trying to keep up with what was going on but Reed and his team were SUPER SUPER SUPER patient with me and always had time to answer my questions, calm my fears and walk me through everything!! I cannot speak highly enough of the Elevation Mortgage team!!! I started out with a different lender and an absolutely horrible experience and Reed did everything he could reasonably do to help me!!! My husband and I HIGHLY recommend them for your mortgage needs, we are so blessed to have found them!!!!
Jake Duvall
Jake Duvall
Reed and his team were able to help me out tremendously. They were able to answer all my questions and provided excellent service throughout the process. Thank Elevation Mortgage!
Shawn McVey
Shawn McVey
Reed is great to work with. He is professional, caring and very responsive in helping you out with your mortgage.
Kirk Macklem
Kirk Macklem
Elevation Mortgage has been rock solid with assisting buyers that I've sent their way. As a Realtor I have high expectations for my lender partners and Elevation is outstanding. Very professional, knowledgeable, responsive and thorough! Do not hesitate to reach out to the top mortgage broker in Colorado Springs, you'll be glad you did.
valeria mendoza
valeria mendoza
Tuvimos el privilegio de trabajar con Todd Vidic y ha sido la mejor experiencia para mi familia y para mi. El nos ayudo para conseguir el mejor prestamo y fue un processo rapido y satisfactorio. Estamos muy agradecidos con Todd y todo el equipo de Elevation Mortgage, definitivamente los recomendamos.
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