VA Loans

Thank you for your service!

The US Department of Veteran Affairs has guaranteed these loans for those who have served our country since World War II. They are for the purpose of helping those who have served our country get into homes without a down payment.

Down Payment

The federal government wants to ensure that every service member and their families have a home, therefore a down payment is not required.


There is no mortgage insurance necessary for a VA loan. There is however a VA funding fee that is paid at closing and varies from 1.25 to 3.3%.


In order to start the process of a VA loan, you will need to obtain a VA COE (Certificate of Eligibility.

credit score

There is no minimum credit score for a VA loan. However the borrower must demonstrate that they have sufficient residual income after making their mortgage payment for daily expenses.

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Elliott Bowman

(206) 949-5563

NMLS # 1982189

CO License # 100517635

© 2022 Elliott Bowman LLC All Rights Reserved. Elliott Bowman NMLS# 1982189 CO License # 100517635  NMLS Consumer Access /  Legal Disclaimer – This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Other limitations may apply. This site is not authorized by the Colorado Division of Real Estate.