VA Home Loans in Montrose, CO
With 10.2% of residents having served, Montrose has a strong veteran community well above the national average.
BAH Coverage in Montrose
VA eligibility travels with the veteran, not a duty station. Any eligible Montrose buyer can access $0 down, no PMI financing through the VA home loan benefit.
VA Funding Fee — Montrose
| Down Payment | Funding Fee | Amount |
|---|---|---|
| 0% down (first use) | 2.15% | $7,567 |
| 5% down | 1.50% | Lower fee |
| 10%+ down | 1.25% | Lowest — no MIP ever |
Disabled veterans with a service-connected rating may be exempt from the funding fee entirely. Surviving spouses of service members who died in the line of duty are also exempt.
Income to Qualify
To comfortably afford a VA loan in Montrose, lenders typically look for $72,362/year gross income (28% front-end DTI on a $359,568 loan). VA is more flexible than most programs — residual income and compensating factors let some buyers qualify with lower income.
Veteran Population
An estimated 10.2% of Montrose residents are veterans. With 10.2% of residents having served, Montrose has a strong veteran community well above the national average.
Frequently Asked Questions
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