VA Home Loans in Cortez, CO
With 10.8% of residents having served, Cortez has a strong veteran community well above the national average.
BAH Coverage in Cortez
VA eligibility travels with the veteran, not a duty station. Any eligible Cortez buyer can access $0 down, no PMI financing through the VA home loan benefit.
VA Funding Fee — Cortez
| Down Payment | Funding Fee | Amount |
|---|---|---|
| 0% down (first use) | 2.15% | $6,191 |
| 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 Cortez, lenders typically look for $60,976/year gross income (28% front-end DTI on a $294,192 loan). VA is more flexible than most programs — residual income and compensating factors let some buyers qualify with lower income.
Veteran Population
An estimated 10.8% of Cortez residents are veterans. With 10.8% of residents having served, Cortez has a strong veteran community well above the national average.
Frequently Asked Questions
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