VA Loans
Perfect for eligible Veterans, active-duty service members, and qualifying surviving spouses!
Guaranteed by the U.S. Department of Veterans Affairs, VA loans offer exceptional benefits, including the possibility of no down payment and no private mortgage insurance (PMI).
Why Choose a VA Loan?
Purchase a home with potentially zero down payment if you have full entitlement and the loan amount meets appraisal value, removing a major barrier to homeownership.
Avoid monthly Private Mortgage Insurance (PMI) costs, even with no down payment, leading to significant long-term savings compared to other loan types.
Key Features:
Zero Down Payment: Often requires no down payment.
No PMI: No monthly mortgage insurance premiums.
Competitive Rates: Often feature lower interest rates.
VA Funding Fee: One-time fee applies (exemptions available for some).
Served our country?
Unlock your VA home loan benefits today!
VA Loan Frequently Asked Questions
Common questions Peak Capital Mortgage LLC answers for veterans, active-duty service members, and qualifying spouses.
Who is eligible for a VA loan through Peak Capital Mortgage LLC?
VA loans are available to eligible veterans, active-duty service members, National Guard and Reserve members, and qualifying surviving spouses. Eligibility is determined by length and type of military service. Borrowers must obtain a Certificate of Eligibility (COE) from the U.S. Department of Veterans Affairs, which Peak Capital Mortgage LLC can help request on your behalf.
Do VA loans really require zero down payment?
Yes. Eligible borrowers with full VA entitlement can purchase a primary residence with no down payment, provided the home appraises for at least the purchase price. This benefit is one of the most powerful advantages of VA financing and is unavailable through conventional or FHA programs.
What is the VA funding fee and who pays it?
The VA funding fee is a one-time charge paid to the Department of Veterans Affairs that helps keep the VA loan program running. The fee varies based on down payment amount, military category, and whether it's a first-time or subsequent VA loan use. Veterans receiving VA disability compensation, Purple Heart recipients, and qualifying surviving spouses are exempt from the funding fee.
Can I use a VA loan more than once?
Yes. VA loan benefits can be used multiple times throughout your lifetime. Once you pay off a previous VA loan or sell the property, your full entitlement is restored. Even if you have a current VA loan, you may have remaining entitlement available for a second VA loan in certain situations. Peak Capital Mortgage LLC can review your entitlement status and help structure your next purchase.
What is a VA IRRRL and how does it work?
A VA Interest Rate Reduction Refinance Loan (IRRRL), also called a VA Streamline Refinance, allows existing VA loan borrowers to refinance to a lower interest rate with reduced documentation, no appraisal in most cases, and no income verification required. It's one of the simplest refinance programs available and a major benefit of having an existing VA loan.
Does Peak Capital Mortgage LLC offer VA loans in all 13 states?
Yes. Peak Capital Mortgage LLC offers VA loans across all 13 states we are licensed in: Alabama, Arizona, Colorado, Florida, Idaho, Kansas, Louisiana, Mississippi, Montana, New Mexico, South Dakota, Texas, and Wyoming. Call (970) 577-9200 to speak with a VA loan specialist about your eligibility.
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About Us
Our success has been built on competitive rates designed to meet your unique financing goals while delivering exceptional customer service. At Peak Capital Mortgage LLC, we pride ourselves on treating every client with honesty and integrity.
Company NMLS: 2347925
Licensed in: AL, AZ, CO, FL, ID, KS, LA, MS, MT, NM, SD, TX and WY
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