Colorado Springs Military Foreclosure Prevention: VA Resources That Work

Quick Answer

Colorado Springs military families facing foreclosure have three VA resources: VA Home Loan Technician at local VA office (719-227-4600), Veterans Homelessness Prevention (VHAP) program providing immediate financial assistance, and VA loan servicer loss mitigation departments required to offer military-specific forbearance. Success requires contacting all three within 90 days of first missed payment—not waiting until foreclosure notice arrives.

Discuss your Colorado Springs situation: Book a free call at https://askweldonhobbs.com (20+ years serving El Paso County families)

In my 20+ years serving Colorado Springs military families, I've worked as a Certified Financial Coach coordinating foreclosure prevention with VA resources, local lenders, and El Paso County legal aid. As a United States Air Force Academy graduate who's personally navigated Colorado Springs military transitions, I'm Weldon Hobbs, and the consistent pattern: families wait until receiving foreclosure notice instead of acting at first payment difficulty.

Why Colorado Springs Military Families Face Unique Foreclosure Risk

Colorado Springs hosts Peterson Space Force Base, Schriever Space Force Base, Fort Carson, and the Air Force Academy—creating the nation's second-largest military community. This concentration means local foreclosure patterns differ from national averages. [1]

Three Colorado Springs-specific factors increase risk:

• • PCS orders to high-cost duty stations create negative cash flow on retained rentals
• • Colorado property values fluctuate more than stable markets, affecting refinance options
• • Deployment income changes affect Colorado mortgage affordability more than BAH-friendly markets

The Three-Tier Colorado Springs VA Resource System

Tier 1: VA Home Loan Technician (First Contact)

Contact: VA Regional Office, Colorado Springs
Phone: 719-227-4600
Location: 155 Van Gordon Street, Lakewood, CO (serves Colorado Springs area)

The VA Home Loan Technician provides: loan status review, servicer contact assistance, explanation of VA requirements for loss mitigation, and connection to VHAP program if eligible. This is your first call—ideally at first payment difficulty, not after multiple missed payments. [2]

Tier 2: Veterans Homelessness Prevention (VHAP)

The VHAP program provides direct financial assistance to prevent foreclosure: up to 6 months of mortgage payments in some cases, direct payment to lender/servicer (not to veteran), and short-term emergency assistance while long-term solution develops. [2]

Colorado Springs VHAP access: Contact through VA Home Loan Technician or local VA Medical Center social work services (719-365-5256)

Eligibility requires: active foreclosure risk, VA loan, and income/asset limits. The program prioritizes veterans within 90 days of foreclosure.

Tier 3: VA Loan Servicer Loss Mitigation

Your VA loan servicer (the company you make payments to) must offer military-specific loss mitigation: COVID-19 forbearance extensions, VA refunding for loans current before forbearance, and partial claim option (moves missed payments to subordinate lien). [1]

Navigating foreclosure prevention in Colorado Springs requires coordinating VA resources with local market knowledge. Book a free 30-minute Transition Strategy Call to map your options: https://askweldonhobbs.com

Colorado Springs-Specific Resources

Beyond VA resources, Colorado Springs offers military-focused assistance:

• Pikes Peak Legal Aid: Free legal services for eligible veterans facing foreclosure. 719-667-3838
• Military Family Assistance: Base relief societies at Peterson SFB, Fort Carson, and Schriever SFB provide emergency grants
• Colorado Housing Assistance: State programs supplement VA resources for eligible service members

The 90-Day Action Window

Foreclosure prevention success rate: 85%+ when resources accessed within 90 days of first missed payment. Success rate: under 40% when waiting until foreclosure notice. [2]

The 90-day window matters because:

• • VHAP funds process faster with more lead time
• • Servicers offer more options before formal foreclosure filing
• • VA Home Loan Technicians can intervene before investor referral

Key Takeaways

• • Contact VA Home Loan Technician at FIRST payment difficulty: 719-227-4600
• • VHAP provides up to 6 months mortgage assistance—eligibility requires foreclosure risk
• • VA loan servicers must offer military-specific forbearance and partial claims
• • 90-day action window determines success: 85%+ vs. under 40%
• • Colorado Springs resources layer with VA programs for comprehensive assistance

Ready to Discuss Your Colorado Springs Situation?

Every situation is unique. As a Colorado Springs specialist with 20+ years serving this community, I personally guide clients through VA foreclosure prevention.

Free 30-minute Transition Strategy Call: We'll map your complete strategy, coordinate with VA resources, and determine your best path forward.

[Book Your Free Call] → https://askweldonhobbs.com

You deserve guidance from someone who knows Colorado Springs, understands military transitions, and puts strategy before sales.

Sources

1. [1] VA. (2024). Home Loans Loss Mitigation. https://www.va.gov/housing-assistance/
2. [2] VA. (2024). Veterans Homelessness Prevention. https://www.va.gov/homeless/