On August 3, 2011 President Obama signed into law the Restoring GI Bill Fairness Act. The benefit to Active Duty Military in Colorado Springs, Colorado as well as Reserve and members of the National Guard is a significant reduction in the VA funding fee. As of October 1, 2011 the VA funding fee will be reduced for all first time and subsequent users.
Eligible veterans and active duty military interested in purchasing a home in Colorado Springs often question whether a VA home loan is a better choice than a conventional mortgage. There are numerous advantages offered by VA loans that you may not be aware of. Buying a home is the largest investment you will make in your lifetime, so compare your options and make a well informed decision that you will be happy with in the coming years.
I’m a veteran returning from Iraq on 12/1. I don’t start with my former company until 1/1/2011. Is there an exception for active veterans to use a letter from my employer and close the loan before I actually start my job?
