Matthew Hager is a VA loan specialist serving Schriever Space Force Base families in Falcon and east Colorado Springs. If you're eyeing new construction in Falcon or an existing home in the surrounding area, he knows the local market, works with VA-approved builders, and has 60+ lenders to find your best rate. NMLS# 1906682.
About Schriever Space Force Base
Schriever Space Force Base — formerly Schriever Air Force Base — is located east of Colorado Springs along Highway 94, near the community of Falcon. It hosts Space Delta 8 (satellite communications), the 50th Space Wing, GPS operations, and multiple classified Space Force missions. The base was renamed in 2021 as part of the transition to the Space Force.
Schriever personnel often prefer the Falcon area for its close proximity to the east gate and the rapid growth of affordable new construction. The eastside lifestyle offers more land per dollar, newer builds, and a quieter rural-suburban character compared to central Colorado Springs.
Neighborhoods Near Schriever SFB
- Falcon: The closest community, with major new construction from national builders. $320K–$480K, lots of first-time buyers using VA loans.
- Peyton: Very rural, further east, acreage lots available. Best for buyers who want space and don't mind a 20–30 min commute. $280K–$420K.
- Black Forest: Treed, semi-rural north of Falcon. Custom homes and existing builds, $400K–$650K.
- East Colorado Springs (Powers/Airport Road): More urban options, shorter commute to both Schriever and Peterson SFB, $330K–$500K.
New Construction and VA Loans
Falcon is one of the most active new-construction markets in El Paso County. Builders like Richmond American, Oakwood Homes, and Classic Homes have active communities within minutes of Schriever. VA loans work with new construction — but there are important steps to follow:
- The builder must be registered with the VA
- A VA fee appraiser inspects the property at key construction stages
- Rate locks need to account for potential builder delays
- Builder incentives can sometimes be layered with VA benefits
I've helped multiple Schriever families navigate new construction with VA financing. I'll coordinate directly with the builder's sales team to keep the process smooth.
Loan Programs for Schriever SFB Families
- VA Loans: $0 down, no PMI. The best deal in the market at Falcon price points — your $0 down saves $16K–$24K vs. a 5% conventional on a typical home.
- VA New Construction Loans: Same benefit as a standard VA loan, applied to a build. Requires VA-approved builder and construction appraisal.
- Conventional Loans: Good option for buyers with 20% down who want to skip PMI or for homes that don't pass VA appraisal requirements.
- USDA Loans: $0 down for eligible rural addresses — Peyton and outer Falcon qualify. Income limits apply.
Frequently Asked Questions
Most live in Falcon (closest), eastern Colorado Springs, Black Forest, or Peyton. Falcon has significant new construction, making it popular for junior enlisted and NCOs.
Yes. VA loans work with new construction from VA-approved builders. I work with the major Falcon-area builders and coordinate the appraisal and documentation process.
Typically 10–20 minutes from Falcon to the Schriever east gate. Much of the new Falcon development sits just minutes west of the base on Highway 94.
Falcon and eastern Colorado Springs range from $320K–$480K — among the most affordable in El Paso County. VA's $0 down saves $16K–$24K vs. a 5% conventional down payment on a typical home.
Yes. VA rate locks can be extended as construction timelines shift. I'll advise on the best lock strategy based on market conditions and your expected close date.
Partial entitlement can still cover a significant purchase at Falcon price points. I'll pull your COE and calculate your remaining entitlement before we look at homes.