Why is Florence a top destination for veteran homebuyers?

Florence's 12.5% veteran population drives a strong support network: active VFW/American Legion posts, VA-experienced agents and lenders, and a community culture that understands military families. Combined with 0-down VA financing on the $275,000 median price, Florence ranks as one of CO's most veteran-accessible markets.

What is the VA funding fee for a Florence purchase in 2026?

On a $275,000 Florence purchase with 0% down (first VA loan use), the funding fee is 2.15% ($5,912), which rolls into the loan. With 5% down it drops to 1.5% ($4,125); with 10%+ down it's 1.25% ($3,437). Veterans with a service-connected disability rating of any level pay $0 funding fee. Surviving spouses also pay no funding fee.

How does VA compare to FHA for a $275,000 home in Florence?

VA 0-down: $0 down, no monthly MIP, estimated PI of $1,752/mo (funding fee rolled in). FHA 3.5% down: $9,625 down, $121/mo MIP, total $1,827/mo. VA saves approximately $75/month. Over 30 years that's $27,000 in MIP savings alone — plus you keep $9,625 in cash at closing.

VA Loans · Colorado

VA Home Loans in Florence, CO

With 12.5% of residents having served, Florence has a strong veteran community well above the national average.

Down Payment

VA Loan Amount

$280,912

Monthly P&I

$1,752/mo

vs. FHA

Save $75/mo

BAH Coverage in Florence

E-5 with Dependents

$1,800/mo BAH — covers ~85.6% of estimated housing costs

E-5 BAH at $1,800/mo covers approximately 85.6% of estimated monthly housing costs in Florence. Senior NCOs and officers (E-6 through O-5) see full or near-full coverage.

Base proximity: Fort Carson — 38 miles

VA Funding Fee — Florence

Down Payment	Funding Fee	Amount
0% down (first use)	2.15%	$5,912
5% down	1.50%	Lower fee
10%+ down	1.25%	Lowest — no MIP ever

Disabled veterans with a service-connected rating may be exempt from the funding fee entirely. Surviving spouses of service members who died in the line of duty are also exempt.

Income to Qualify

To comfortably afford a VA loan in Florence, lenders typically look for $58,660/year gross income (28% front-end DTI on a $280,912 loan). VA is more flexible than most programs — residual income and compensating factors let some buyers qualify with lower income.

Veteran Population

An estimated 12.5% of Florence residents are veterans. With 12.5% of residents having served, Florence has a strong veteran community well above the national average.

Frequently Asked Questions

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