We are always looking for ways to save you money! In anticipation of the new 2026 conventional conforming loan limit increase we are now able to offer loans up to $825,550 for a 1-unit residential property. This can mean a substantial savings as in comparison to a Jumbo Loan and give you even more loan options to choose from. To learn more call us at 303-650-9400!
After months of steady improvement, mortgage rates have started creeping up again — and buyers across Colorado are beginning to take notice.
According to the latest data from Freddie Mac, the average 30-year fixed mortgage rate recently climbed back above 6.3%, reversing part of the drop we saw earlier this summer. For many prospective homebuyers, that small uptick can make a noticeable difference in monthly payments and overall affordability. Click here to take a look at our most popular Low Rate-Low Cost options.
But what does this mean for homebuyers and homeowners here in Denver and the surrounding Front Range?
Colorado’s housing market remains competitive, though the frenzy of 2021–2022 has eased.
Denver Metro Association of Realtors reports that active listings are up year-over-year, giving buyers more breathing room.
Median home prices in the Denver metro area are hovering around $600,000, and while prices have stabilized, homes in popular suburbs like Littleton, Lakewood, and Parker still attract multiple offers.
While today’s mortgage market may feel uncertain, the fundamentals in Colorado remain strong — healthy employment, continued in-migration, and limited new home construction all point to long-term stability.
For buyers, the key is strategy and timing — not panic. With the right financing plan, homeownership in Colorado is still within reach.
Ken Morley is a Senior Loan Officer with A Home’s Best Mortgage, serving clients throughout Colorado and beyond. With over 30 years of experience in consumer lending — including time as a former underwriter — Ken has built his reputation on finding creative, cost-effective mortgage solutions that others often miss.
He offers a wide range of financing options from multiple lenders, focusing on low rates, low closing costs, and exceptional service.
?? Ready to discuss your home loan goals? Let’s connect and create a personalized plan that fits your situation.
?? Call or Text: (720-271-9545 ?? Email: kenm@rmi.net ?? Visit: A Home’s Best Mortgage
Many homeowners find themselves juggling multiple debts—credit cards, auto loans, personal loans, or medical bills. Each comes with its own due date, interest rate, and stress. One way to simplify your financial life and potentially lower your monthly payments is by consolidating debt using the equity in your home.
Home equity is the difference between your home’s current market value and what you still owe on your mortgage. For example, if your home is worth $450,000 and your mortgage balance is $300,000, you have $150,000 in equity. That equity can be tapped into through a cash-out refinance or a home equity loan/line of credit (HELOC).
When you use home equity for debt consolidation, you borrow against your home and use the funds to pay off higher-interest debt. Instead of making multiple payments at different rates, you’ll have one payment—often at a lower interest rate than credit cards or unsecured loans.
Lower interest rates compared to credit cards and personal loans.
One monthly payment instead of several.
Potential tax advantages if structured as a mortgage loan (consult a tax advisor).
Improved cash flow with reduced monthly obligations.
Debt consolidation using home equity isn’t a one-size-fits-all solution. It’s best for those who:
Have significant equity in their home.
Are carrying high-interest debt.
If done wisely, it can be a powerful way to get control of your finances and work toward a debt-free future. There is no cost or obligation to explore your options. Give us a call today at (303) 650-9400!
Whether you currently own a home or are renting, now is an excellent time to explore your options. While home prices and monthly rents continue to rise, the inventory of homes for sale has improved—giving buyers and current homeowners more choices and opportunities.
If you're still paying monthly mortgage insurance, the recent increase in home values may allow you to eliminate it and reduce your payment. You may also be able to use your home’s equity to consolidate debt, fund renovations, or take cash out for other financial goals. A quick review of your current mortgage and home value could reveal savings you didn’t know were possible.
Rent prices aren’t slowing down—but you don’t have to keep throwing money away. With loan programs that offer little to no money down, owning a home might be easier than you think. Take control of your monthly payments, stop paying your landlord’s mortgage, and start building wealth through homeownership.
Everyone’s financial situation is different, and I’m here to help you explore the best path forward with clarity, confidence, and over 30 years of lending experience.
?? Call me today, Ken Morley, at (303) 650-9400 and let’s talk about your options in today’s evolving housing market. There's no cost or obligation just a friendly conversation.
Down payment assistance programs provide financial support to help cover the upfront costs of purchasing a home. These programs often come in the form of grants or low-interest loans and are typically geared toward first-time or low- to moderate-income buyers.
Colorado Housing and Finance Authority (CHFA)
CHFA is a leading provider of DPA in Colorado, offering two main options:
DPA Grant: Provides up to 3% of the first mortgage amount as a grant, which does not require repayment.
Second Mortgage Loan: Offers up to 4% of the first mortgage amount as a zero-interest, deferred-payment loan, repayable upon sale, refinance, or if the home is no longer the primary residence.
Eligibility Criteria:
Minimum credit score of 620.
Meet income limits, which vary by county and household size.
Complete a CHFA-approved homebuyer education course.
Contribute at least $1,000 toward the home purchase.
CHAC offers second mortgage loans up to $25,000 with 0% interest and deferred payments, aimed at low- to moderate-income first-time homebuyers.
First-time homebuyer status (no ownership in the past three years).
Meet income limits, which vary by county.
Complete a homebuyer education course.
Contribute a minimum of $1,000 toward the purchase.
Navigating the path to homeownership in Colorado can be challenging, but down payment assistance programs offer valuable support. By understanding and utilizing these resources, you can make your dream of owning a home a reality. If you would like to learn more about Down Payment Assistance programs available here in Colorado simply give us a call at (303) 650-9400 today. There is no cost or obligation to chat.
If you're 62 or older and looking to supplement your retirement income without selling your home, a reverse mortgage might be the solution.
A reverse mortgage allows you to tap into your home’s equity to receive tax-free funds—paid out as a lump sum, monthly payments, a line of credit, or a combination. Best of all, no monthly mortgage payments are required, as long as you continue to live in and maintain the home.
Stay in your home while accessing its value
Boost monthly cash flow
Defer Social Security for larger future benefits
Never owe more than the home’s value
You must still pay property taxes, homeowners insurance, and upkeep
A reverse mortgage isn’t for everyone—but for the right homeowner, it can offer real peace of mind.
Have Questions or Ready to Learn More? Let’s talk about whether a reverse mortgage is right for you. ?? Call 303-650-9400 today for a free, no-obligation consultation.
Mortgage rates are expected to remain high, around 6-7%, making homeownership challenging, particularly for first-time buyers. Although more new homes are anticipated, high prices will persist. The "lock-in" effect, where homeowners are hesitant to sell due to low mortgage rates, is likely to diminish slightly as more people take on new loans. A notable trend for the year is "rentvesting," where people invest in properties in less-expensive markets while continuing to live in rental apartments in costly areas. Where are the LOW Rate, LOW Cost rates today? Get a FREE rate quote by clicking here or give us a call at (303) 650-9400.
A 40-Year Loan refers to the loan term—the length of time over which the mortgage will be repaid. In this case, the loan is spread out over 40 years, which reduces the monthly payment. A longer term is often appealing because it means the borrower can pay less each month compared to a standard 30-year mortgage. The 10-Year Interest-Only aspect means that for the first 10 years of the loan, the borrower only has to pay the interest, not the principal. After this initial interest-only period, the loan will begin to amortize (meaning both interest and principal payments will be required) over the remaining 30 years.
While this type of loan can be suitable for various borrowers, it may be particularly advantageous for home buyers in high-cost areas, high income earners, real estate investors, and buyers looking for flexibility. The lower initial payments could allow buyers to purchase a more expensive home than they would be able to afford with a traditional 30-year fixed-rate mortgage.
A Jumbo 40-Year / 10-Year Interest-Only Home Loan can be an excellent option for borrowers who need more flexibility in their monthly payments, particularly those purchasing homes in high-cost areas or those with a strong belief that their financial situation will improve in the near future.
If you’re interested in this loan structure, please give us a call at (303) 650-9400 to speak with a mortgage professional who can help guide you through the complexities and ensure that this type of loan is the best fit for your financial situation and goals.
Your home’s equity is a valuable financial resource that can help you achieve various goals. Whether consolidating debt, making home improvements, or funding a dream vacation, leveraging your equity could be the key.
Home equity is the difference between your home’s market value and mortgage balance. You can access it through a home equity loan or a home equity line of credit (HELOC).
Debt Consolidation: Lower your interest rate and simplify payments by consolidating high-interest debts.
Home Improvements: Enhance your home’s value with renovations like kitchen remodels or bathroom upgrades.
Dream Vacation: Fund a once-in-a-lifetime trip using your home’s equity.
Education Expenses: Cover tuition at a lower interest rate than private student loans.
Emergency Fund: Use a HELOC as a financial safety net for unexpected expenses.
Using home equity can be beneficial, but borrowing responsibly is crucial since your home is collateral.
Give us a call at (303) 650-9400 to explore your options. Unlock your home’s potential today!
For self-employed individuals, securing a traditional mortgage can be challenging due to fluctuating income and complex tax returns. Fortunately, Non-QM (Non-Qualified Mortgage) loans offer alternative options, allowing self-employed borrowers to qualify based on bank statements and profit & loss (P&L) statements rather than tax returns. Non-QM loans are designed for borrowers who do not meet the stringent requirements of conventional mortgages.
Bank statement loans allow self-employed borrowers to qualify using personal or business bank statements instead of tax returns. Lenders typically review 12 to 24 months of bank statements to assess income stability. They analyze deposits to determine an average monthly income, avoiding deductions that often reduce taxable income on tax returns.
No tax returns required.
Use of 12 to 24 months of bank statements for income verification.
Higher loan amounts and competitive rates.
Ideal for business owners, freelancers, and independent contractors.
A Profit & Loss (P&L) statement is another option for self-employed borrowers. Some lenders accept a CPA-prepared or borrower-prepared P&L statement to verify income, often in combination with bank statements.
Provides a comprehensive view of business revenue and expenses
Allows flexibility for businesses with seasonal income
May require fewer months of bank statements compared to standard bank statement loans
Each borrower’s financial situation is unique, so it’s essential to work with a lender who understands Non-QM products. Factors such as credit score, down payment, and business type will impact the available loan options. If you’re a self-employed individual struggling to secure a mortgage through traditional means, a Non-QM loan using bank statements or P&L statements could be the perfect solution. Reach out to us at (303) 650-9400 or start by filling out our on-line application to explore your options!