Mortgage broker serving Colorado Springs, Colorado
VA, conventional, and investor financing across El Paso County — Fort Carson, Peterson and Schriever SFB, the Air Force Academy, Briargate, and the Westside.
Colorado Springs is a military town first, and that shapes the lending. Between Fort Carson, Peterson and Schriever Space Force Bases, the Air Force Academy, and Cheyenne Mountain, a large share of buyers here are VA-eligible — which means zero down, no monthly mortgage insurance, and a reusable entitlement. Getting VA right matters: entitlement restoration after a prior VA loan, Basic Allowance for Housing counted as qualifying income, and PCS timing all change what you can buy.
The geography splits the market. Briargate and the north end run newer and more expensive with heavy new-construction activity; the Westside, Old Colorado City, and Broadmoor-adjacent streets bring older homes where appraisers flag deferred maintenance and where a renovation loan sometimes beats a straight purchase loan. Southeast and Security-Widefield stay the most affordable and produce the strongest rental yields in the region.
Investors pay attention to Colorado Springs because long-term rent supports the debt on properties that still price below Denver. A DSCR loan qualifies on the property's own rent rather than your tax returns, which is how most out-of-area buyers finance here without adding personal-income documentation.
Areas we finance in and around Colorado Springs
Programs Colorado Springs buyers and owners use most
Zero-down VA for service members and veterans across El Paso County.
Qualify a Colorado Springs rental on its own rent.
Scale past the conventional financed-property limit.
VA IRRRL streamlines and cash-out on Springs properties.
Financing for Briargate, Monument, and Falcon builds.
Access equity without touching a low first-mortgage rate.
Questions we hear from Colorado Springs clients
Can I use my VA loan more than once in Colorado Springs?+
Yes. VA entitlement is reusable. If a prior VA loan is paid off you can request full restoration, and even with an existing VA loan outstanding you may have enough remaining entitlement for a second purchase — a common situation for service members who PCS into Fort Carson or Peterson and keep the previous home as a rental. We pull your Certificate of Eligibility and calculate remaining entitlement before you shop.
Does BAH count as income on a Colorado Springs mortgage?+
Yes. Basic Allowance for Housing is stable, non-taxable income and lenders may gross it up, which meaningfully increases the loan amount an active-duty buyer qualifies for. Bring your most recent Leave and Earnings Statement and we will work the numbers from it.
Is Colorado Springs a good market for a rental property?+
It performs well for long-term rentals relative to Denver because entry prices are lower while rents stay supported by a large military and defense-contractor workforce. Whether a specific property pencils depends on the rent-to-payment ratio; a DSCR loan needs the rent to cover principal, interest, taxes, insurance, and HOA — typically at a 1.0 ratio or better, with better pricing above 1.25.
What if the house needs repairs before it will pass appraisal?+
Older Westside and Old Colorado City homes sometimes get appraisal conditions for roof, peeling paint, or furnace issues. Options are a seller repair before closing, an escrow holdback, or a renovation loan that finances the purchase and the repairs in one mortgage. Deciding early keeps the contract from dying at the appraisal stage.
How does buying near a military base affect my timeline?+
PCS orders drive tight windows. We can start a file on orders alone, use a signed lease-back or temporary-lodging plan while you close, and align funding with your report date. Tell us your report date at the first conversation — it determines whether a 21-day or 30-day contract deadline is realistic.
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