Get the BEST LOAN and BEST RATES available to you! One of the biggest benefits of a VA home loan is that you have the option for no down payment. As a VA Mortgage Broker and Lender in El Paso County, Colorado, Lisa Rushmer can walk you through the process of making sure you are fully qualified and pre-approved for the right home loan.

You could qualify for fast approval making it easy to begin your home-buying experience. Another great benefit of VA home loans in Colorado Springs is that you may qualify for your home loan even if you have a lower credit score or a less than perfect credit history. VA Home Loans also offer flexible options for either fixed-rate or ARM mortgages.

With an approved VA home loan,  you can even refinance up to 100% of your home or buy a new home with no down payment and never pay monthly insurance (PMI)!

Lenders need to assess the risk factors for the loans that they underwrite.  They don’t want to be stuck with REO or bank-owned properties.  That’s why homebuyers who want conventional home loans need to show good credit history and funding sources.

Based on an applicant’s situation, conventional loan lenders issue conforming or nonconforming loans.  Conforming simply means they follow the guidelines published by the Fannie Mae or Freddie Mac.  These loans have limits that change annually based on the average house prices in a location.

Also known as jumbo loans, nonconforming loans increase the regular loan limits.  Private lenders fund them.  After assessing a borrower’s financial strength, these private lenders have the flexibility to approve a jumbo loan and underwrite the mortgage themselves.  Loan limits vary significantly between metropolitan, resort, and rural areas.

These types of loans can be used to finance primary residences, second homes, and investment properties.

Mortgages are not “one size fits all”! With Lisa Rushmer as your Broker, you will start with an easy-to-understand one-on-one consultation to help you figure out what loan needs work best for your life. Lisa Rushmer is hands-on and has over 35 years experience in residential loans, but her bread and butter is working with military and veterans to finalize VA loans. She has the flexibility and availability to walk through this process with you, step by step.