• 888-208-9797
  • 4003 Plainfield Naperville Rd., Naperville, IL 60564

Pueblo West, Colorado VA Home Qualifications
Qualifying for a VA Home Purchase in Pueblo West, CO

Once you’ve determined that you’re eligible to apply for a Pueblo West, Colorado VA loan, there are some things you need to do to make sure that you will qualify for the loan.

One of the key factors in securing a good deal on a home purchase is having a high credit score. But it’s a little different with VA loans in Pueblo West, CO—you can often get a good loan even with a low credit score and a short credit history. The lack of an established credit history does not mean that you cannot get approved for a loan.

A satisfactory payment history for utilities or rent can show that you are responsible with your monthly bills and can substitute for an established credit history. If you’re thinking of applying for a Pueblo West VA loan in the near future, it’s a wise idea to pull your credit reports and check for any inaccuracies. If you find any, those inaccuracies should be disputed and taken care of before you start the loan process.

You can even apply for a Pueblo West VA loan just two years after Chapter 7 bankruptcy has been discharged. A full explanation of the bankruptcy will be required along with the re-establishment of good credit. In this situation it is an absolute must to show that you have a stable job and steady income.

The situation is a bit different with Chapter 13 bankruptcy. You can still be paying on Chapter 13 bankruptcy and receive a Pueblo West, CO VA loan—but you must have been making on-time payments for at least one year. Once again, a full explanation of the bankruptcy, a stable job, and the re-establishment of good credit will be required. There is not usually an income requirement for those who apply for VA loans in Pueblo West, CO. But borrowers are expected to have reliable income to show that they will be able to make their new mortgage payment. The VA also requires that borrowers have a certain amount of income left over each month after all of their major expenses are paid. This residual income requirement keeps defaults low by ensuring that applicants can meet financial obligations and have a cushion in case of an emergency.

Your debt-to-income ratio is the amount of your monthly gross income that goes toward debt. The VA’s acceptable debt-to-income ratio is 41%. VA Loan Centers can help you figure out what your current debt-to-income ratio is. It’s a complicated process because there are exceptions and variables that can affect your final ratio. If your debt-to-income ratio is higher than the VA’s threshold, you can lower it by paying off debt before applying for your refinance loan. VA Loan Centers can discuss your options with you so that you will be eligible for a refinance as soon as possible.

Anyone who receives a VA loan in Pueblo West, CO will have to have filled out a Certificate of Eligibility (COE). This is what verifies to the lender that you are indeed eligible for a VA loan. You do not have to have the COE before you start the VA loan process. The kind of evidence you need to have to establish your eligibility depends on several factors. It shouldn’t be too difficult to get the required information and fill out the form. We will help you with the COE process, if desired. For those with sufficient data in the VA’s system, lenders can establish and issue a COE in just a few minutes. If you prefer, you have several other options. You can fill out and submit the form online, or you can download it, print it, and mail it to the VA. A side note: spouses must apply by mailing in this form.

Get the Best VA Mortgage Rate

I’m Confident and Ready to Start My Online Application.

If you’re looking for a personal VA mortgage experience near Pueblo West, CO you’ve come to the right place.  Get the best of both worlds with a designated VA professional plus technology.  What’s even better are the lower rates, no upfront fees and fast closings. 

Rates so low the nations largest VA lenders panic when consumers find out about our Pueblo West VA Mortgage Rates.

Connect with your personal VA Loan Expert by calling 888-208-9797.  

Get my VA Rate!

    Once this form is completed, a local VA mortgage consultant will be reaching out to you. You will receive an instant email with the credentials of your VA consultant with contact information and a photo. We look forward to assisting you with your home buying or refinancing needs.

    5 Star Rankings Since 1997
    Call the VA Question and Pre-Approval Hotline

    1-888-767-0554

    Get Qualified for a VA Loan Near Pueblo West, Colorado

    A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

    Pueblo West is a census-designated place under a special district form of government. It is governed by five elected officials who comprise the Board of Directors, the Board then appoints a District Manager who monitors daily operations.[2] The population was 29,637 in 2010 census, making it the 5th most populous CDP in the state of Colorado. Pueblo West is part of the Pueblo Metropolitan Statistical Area, totaling over 160,000 people.

    Before Robert P. McCulloch and his company, McCulloch Properties, Inc. came to Colorado, the area that is now known as Pueblo West was little more than a barren plain inhabited by sagebrush and rattlesnakes. Receiving inspiration from the neighboring City of Pueblo, Colorado and the momentum of successfully creating Lake Havasu City, Arizona, McCulloch and his company formally founded the Pueblo West Metropolitan District (the District) on September 16, 1969. Not long after the creation of the District, McCulloch built the Pueblo West Inn where guests were treated to a luxurious experience in an effort to sell land in the rolling prairies of the new community. The Pueblo West News, the District’s first newspaper, reported by 1974 over 2,000 new residents had moved into Pueblo West, and Pueblo School District 70 founded Pueblo West Elementary with 200 students enrolling in the fall.