Alliance Mortgage Group, Inc proudly offers mortgage loan products for active-duty military and veterans in Centennial.
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA) that is available to most U.S. service members. VA loans offer a loan guaranty benefit to help eligible veteran borrowers refinance or buy a home. VA loans do not require any monthly mortgage insurance included in the loan amount, and a veteran borrower could purchase a home without putting any money down.
To check your eligibility for a VA Loan, call us at 720-598-0506
Basic VA Home Loan Requirements
What can a VA loan be used to buy?: Primary residence home only
Maximum Loan Amount: Maximum Loan Amount: $484,350 for a single family home in MOST counties in Colorado. *2019 limits
Down Payment Requirement: 0% of the purchase price
Available Loan Terms: 5yr or 7yr ARM, 15 and 30 year fixed mortgage
Is Monthly Mortgage Insurance Required?: No. This is a great advantage of VA Loans.
Are there Property Eligibility Requirements: Yes. A home’s general condition is considered during a VA appraisal. VA Minimum Property Requirements or “MPR” are an important part of the VA loan process. One of our VA Loan Specialists can provide the current standards provided by the U.S. Department of Veterans Affairs.
Income Eligibility Requirements: No minimum or maximum income limits but you are expected to have a stable, reliable income that can cover your monthly expenses, including the new mortgage payment. You will also be required to meet VA’s residual income requirements and Alliance Mortgage Group, Inc will handle checking this out for you.
Maximum Debt to Income Ratio: Contact a VA Loan Specialist at 720-598-0506 for the most up-to-date information on the debt to income ratios.
Are Seller Paid Closing Costs allowed: Yes. For a VA Loan, the seller may pay up to 6% of the purchase price towards closing costs.
Are gift funds allowed?: Yes. For VA Loans, a borrower may receive unlimited gift funds for a primary residence purchase.
Advantages of a VA Home Loan
- You can buy a home with no money down.
- You can refinance for up to 100% of the value of your home.
- You never have to pay PMI (Private Mortgage Insurance).
- Sellers can pay your closing costs.
- VA Loans are usually easier to qualify for because the Government insures the loan so that there is much less risk to the lender.
- If you already have a VA Loan you might be eligible for a VA Streamline Refinance.
- Disabled Veterans may qualify for a waiver of the Funding Fee if they receive any disability payments from the VA or if they are considered to be at least 10% disabled.
- If you are active duty you may be able to live almost for free, because many times your allotted BAH can cover the mortgage payment. Therefore, you live almost for free while enjoying the tax benefits of homeownership.
Get Pre-approved for a VA Mortgage Today
Alliance Mortgage Group, Inc specializes in VA loans. We love helping to guide veterans through each step of the VA home loan process.
Contact Our Team today to get started on your VA pre-approval.
Or start your pre-approval online here
We had a great experience with AMG overall. Because of some outside circumstances they were more than willing to go the extra mile in making sure that funding went without a hitch. Communications were always prompt and the online document signing was easy and straightforward.
I never plan to move again but if I did I wouldn't hesitate to go back to Mr Beattie.
Yes! We would definitely use this team again any time. The entire team was extremely helpful in every aspect an step. Jeff and his team was always available to answer any questions. Checking and double checking our documents and crunching numbers within record times during the actual looking stages of a home to find the right one. This team didn't stop till we signed our closing documents. Loved them!
We couldn't have done it without Jeff, Anne, and Brenda. They stayed on top of everything throughout the whole process. We'd definitely recommend them!
Absolutely loved working with Jeff and Anne. They are so knowledgeable and personable. They are available on evenings and weekends to answer all questions. My realtor was horrible and they pretty much assumed the role of realtor and mortgage broker. I have referred them to friends and will continue to do so. Amazing experience!
Jeff Beattie and the entire Alliance Mortgage Group team were professional and responsive throughout the refi process. Special circumstances required increased attention to detail which they managed competently and built my confidence in their team. They will get my exclusive referral for anyone looking for a business with a professional and personal approach when needing to refinance.
The team at AMG were so helpful and knowledgeable about everything we needed to make sure this refinance went smooth! Jeff and his team were there every step of the way to ensuring all my questions were answered and I was completely comfortable with the process. I wouldn't use anyone else to handle or mortgage needs.
We were purchasing a second home in the mountains and had a couple complications with the seller which turned a routine process into a difficult one. Jeff was there every step of the way with us. He and his team were so helpful and knowledgeable about everything we needed to make sure the deal went through! They also were very easy for our real estate agent to work with as well. They provided the documentation needed quickly and were extremely thorough to make sure we hit our deadlines. Without AMG Lending and their hard work our deal would not have happened. We thank Jeff and his team for going above and beyond. We wouldn't use anyone else to handle or mortgage needs and refer everyone we know looking to buy a home or refinancing.
Jeff and his team were completely amazing! I came in needing funds, and Jeff was able to assist with my difficult situation with apparent ease. I absolutely cannot recommend him and his team enough. They were extremely friendly, kind, and efficient. Thank you!!
My husband and I used Jeff Beattie for our refinance. We have refinanced previously and I have never seen such professional and comprehensive service. He explained the process completely from the start and kept us advised as to each step in a timely manner. Whenever we had questions, he promptly responded and made sure we understood all of the details involved and explained in fully comprehensive and comprehensible manner. The refinance was completed in a reasonable time frame and he was most courteous and knowledgeable. I would not hesitate to recommend Jeff.
What an amazing group of folks. So knowledgeable, professional, awesome customer service, prompt follow up, getting the best in all services, friendly...they were top notch all the way around
Every point of buying our home went so smoothly, without a hitch! Thank you so much for helping us buy our dream home! We would recommend Jeff to anyone!