The purpose of a Veteran and active Military loan in Colorado, is to help these members take advantage of the benefits that they have earned because of their service to our country. If you have had prior Military service, you are eligible for a VA home loan. People who qualify can purchase a home and are able to get many money saving benefits! For example, no mortgage insurance required as well as no prepayment penalties and easier qualification standards. Those who qualify have no down payment when you purchase in Colorado.