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No Colorado city sees more VA loan volume than Colorado Springs. Fort Carson, Peterson Space Force Base, Schriever, Cheyenne Mountain, and the U.S. Air Force Academy create one of the country's densest concentrations of active-duty and veteran households.
Why VA Dominates in Colorado Springs
0% down, no PMI, competitive rates. At Colorado Springs' ~$465,000 median, a conventional 5% down requires $23,250 plus monthly PMI. A VA loan requires $0 down, no PMI ever, and typically a lower rate. The only cost is the funding fee — which can be financed.
El Paso County's 2026 conforming loan limit is $832,750 — VA borrowers with full entitlement can buy up to that with $0 down (and above it with a down payment on the excess).
VA Eligibility
- Active duty: 90 consecutive days wartime, 181 peacetime
- National Guard / Reserves: 6 years service, or 90 days Title 32
- Surviving spouse of a veteran who died in service or from service-connected disability
The VA Funding Fee
First use 0% down: 2.15%. Subsequent use 0% down: 3.30%. 5–9.99% down: 1.50%. 10%+ down: 1.25%. Can be financed. Veterans with service-connected disability compensation are fully exempt.
Where Veterans Are Buying
Fountain / Security-Widefield: $320K–$420K, near Fort Carson. Briargate / Northgate: $450K–$580K, near Peterson/Schriever. Black Forest: Acreage, requires well/septic inspection. Manitou Springs / Old Colorado City: $450K–$700K. Woodmen Road Corridor: $480K–$650K.
VA IRRRL Refinances
If you already have a VA loan and rates drop, the IRRRL refinances with no appraisal, no income re-verification, and a reduced 0.5% funding fee. Typically closes in 2–3 weeks. See our VA IRRRL guide.
Multi-Family with VA
VA allows 2–4 unit purchases with 0% down if you occupy one unit. Near the bases, a duplex lets a tenant offset your payment.
Get a VA Quote in Colorado Springs
We close VA loans in El Paso County in ~18 days. Contact Tayton Capital for a same-day VA rate quote.
📧 tj@taytoncapitalllc.com
📞 970-708-9624
Get help with buyer guide
Talk to a licensed broker or explore the program that fits this article.
Frequently asked questions
Is there a VA loan limit in Colorado Springs?
Veterans with full entitlement have no VA loan limit in El Paso County. Partial entitlement is capped at the $832,750 conforming limit minus outstanding entitlement.
Can I use a VA loan to buy near Fort Carson?
Yes — we specialize in VA loans throughout El Paso County and know the inventory, builders, and timelines near the Colorado Springs bases.
Am I exempt from the VA funding fee?
If you receive VA disability compensation at any rating, you are typically exempt from the funding fee entirely. We verify exemption during pre-approval.
Can I use a VA loan on new construction in Colorado Springs?
Yes — VA loans work on new construction with a builder warranty. We work with local builders and know which have VA-friendly contracts.
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