Trish Shaw, Elevations Credit Union
Trish Shaw, Elevations Credit Union

Taking the big step to purchase a new home? Be sure to take the time to check out all of your options for your mortgage loan. If you’re active-duty military, a Veteran, a spouse of a Veteran, a Reservist or serving in the National Guard, you should consider a VA loan as a possibility for your mortgage.

VA loans are available through a program with the United States Department of Veterans Affairs. VA loans assist service members, veterans and eligible surviving spouses to become homeowners. They don’t require mortgage insurance, and the VA sets the qualifying standards, dictates the terms of the mortgages offered and guarantees a portion of the loan. VA home loans are provided by private lenders such as credit unions, banks and mortgage companies. Those looking to lock in a VA loan typically have to pay a one-time VA Funding Fee that can be financed.

Best fit for: Active-duty military, Veterans, their spouses and/or surviving spouses, Reservists and members of the National Guard may qualify for VA loans, if they meet certain criteria. Note that VA loans are only available when purchasing primary residences.

How a mortgage professional can help: Mortgage professionals are experienced in navigating a VA loan’s wide range of options.

Bottom line

This type of loan could be an ideal fit if you match the VA loan criteria. Understanding all of your loan options will get you one step closer to landing your new home. For more information, visit

By Trish Shaw. Trish is a Mortgage Loan Originator at Elevations Credit Union in Longmont. In addition to VA loans, Elevations Credit Union offers conventional, FHA, Jumbo, CHFA, USDA and portfolio loans. Mortgage loans are available throughout Colorado. If you have questions regarding mortgages, please call 720.652.7113 or e-mail NMLS# 502141.