With the average sales price of a home in Colorado landing at $522,379 for the end of 2023, the VA loan’s signature $0-money-down benefit is a considerable advantage for Colorado homebuyers.

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How to get a VA Loan in Colorado

VA loans are funded by private lenders and guaranteed by the Department of Veterans Affairs. Private lenders funded the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.

For example, if you're purchasing a home in Colorado Springs, CO, you'll need to find a lender licensed in Colorado to do the loan.

See also: VA Loan Eligibility Requirements

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Colorado VA Loan Limits

VA borrowers in Colorado with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.

However, veterans without their full VA loan entitlement are still bound to Colorado’s VA loan limits.

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Colorado VA Loan Limits by County (1-4 unit homes)

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County                                           VA Loan Limit (*)   

Adams                                               $816,500                       

Alamosa                                           $766,550                          

Arapahoe                                          $816,500                         

Archuleta                                          $766,550                                     

Boulder                                              $856,750                       

Broomfield                                      $816,500                          

Denver                                               $816,500            

Douglas                                            $816,500           

Eagle                                                  $1,149,825        

El Paso                                              $766,550           

Elbert                                                 $816,500       

All Other Ares                              $766,550   

       

*VA Loans available up to $3m with down payment for qualified Veterans with a Partial charge against VA entitlement.  Call us to help calculate your required down payment - it is very individual to your situation. 

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Property Taxes in Colorado

Another consideration for VA buyers in Colorado is property taxes. For certain VA buyers, there are exemptions.

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You may be eligible for a property tax exemption in Colorado if you meet one of the following conditions:

If you are a 100% disabled veteran, you may receive a property tax exemption of 50% off the first $200,000 of the actual value of your primary residence.

A property tax deferral exists for eligible veterans age 65 and over, and active duty personal.