Colorado VA Loans
Whether you receive PCS orders to relocate to Colorado or are already a resident, purchasing a home can be a great financial move. Using a VA loan in Colorado has many benefits for seasoned and first-time homebuyers alike.
With the average listing price of a home in Colorado landing at $988,964, the VA loan’s signature $0-money-down benefit is a considerable advantage for Colorado homebuyers.
How to get a VA Loan in Colorado
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make 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
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.
Colorado VA Loan Limits by County
| County | Loan Limit |
|---|---|
| Adams County | $787,750 |
| Arapahoe County | $787,750 |
| Boulder County | $856,750 |
| Broomfield County | $787,750 |
| Clear Creek County | $787,750 |
| Denver County | $787,750 |
| Douglas County | $787,750 |
| Eagle County | $1,075,250 |
| Elbert County | $787,750 |
| Garfield County | $948,750 |
| Gilpin County | $787,750 |
| Jefferson County | $787,750 |
| Park County | $787,750 |
| Pitkin County | $948,750 |
| Routt County | $845,250 |
| San Miguel County | $862,500 |
| Summit County | $953,350 |
| All other areas | $726,200 |
Property Taxes in Colorado
Another consideration for VA buyers in Colorado is property taxes. For certain VA buyers, there are exemptions.
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% of the first $200,00 of the actual value of your primary residence.
- A property tax deferral exists for eligible veterans age 65 and over, and active duty personal.
If you are required to pay property tax in Colorado, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Adams County | 0.81% |
| Alamosa County | 0.57% |
| Arapahoe County | 0.67% |
| Archuleta County | 0.41% |
| Baca County | 0.55% |
| Bent County | 0.61% |
| Boulder County | 0.57% |
| Broomfield County | 0.73% |
| Chaffee County | 0.32% |
| Cheyenne County | 0.49% |
| Clear Creek County | 0.56% |
| Conejos County | 0.48% |
| Costilla County | 0.30% |
| Crowley County | 0.55% |
| Custer County | 0.36% |
| Delta County | 0.38% |
| Denver County | 0.54% |
| Dolores County | 0.44% |
| Douglas County | 0.76% |
| Eagle County | 0.42% |
| Elbert County | 0.47% |
| El Paso County | 0.47% |
| Fremont County | 0.48% |
| Garfield County | 0.37% |
| Gilpin County | 0.27% |
| Grand County | 0.42% |
| Gunnison County | 0.32% |
| Hinsdale County | 0.33% |
| Huerfano County | 0.40% |
| Jackson County | 0.31% |
| Jefferson County | 0.70% |
| Kiowa County | 0.68% |
| Kit Carson County | 0.63% |
| La Plata County | 0.24% |
| Lake County | 0.53% |
| Larimer County | 0.64% |
| Las Animas County | 0.30% |
| Lincoln County | 0.63% |
| Logan County | 0.63% |
| Mesa County | 0.46% |
| Mineral County | 0.35% |
| Moffat County | 0.42% |
| Montezuma County | 0.37% |
| Montrose County | 0.43% |
| Morgan County | 0.63% |
| Otero County | 0.52% |
| Ouray County | 0.36% |
| Park County | 0.45% |
| Phillips County | 0.72% |
| Pitkin County | 0.38% |
| Prowers County | 0.58% |
| Pueblo County | 0.67% |
| Rio Blanco County | 0.32% |
| Rio Grande County | 0.48% |
| Routt County | 0.36% |
| Saguache County | 0.40% |
| San Juan County | 0.38% |
| San Miguel County | 0.26% |
| Sedgwick County | 0.58% |
| Summit County | 0.36% |
| Teller County | 0.53% |
| Washington County | 0.54% |
| Weld County | 0.65% |
| Yuma County | 0.50% |
How VA Loans Work in Colorado
View the graphic below to learn more about how VA loans work in Colorado.
