Only 5% down payment required on a 2-4 unit primary residential residence. In other words you live in one unit while the other units are rented producing income for you! Call us today for further details at (303) 650-9400!
As of this date the rates are beginning to inch down and predictions are in the not too distant future we will see much lower rates than today. This may present the opportunity to refinance into a lower rate so concentrate on getting a good rate with low costs. Yes the rate is of great importance but the other factor you want to consider is the Annual Percentage Rate or APR. You should see both the rate and APR on any advertisement. The rate will be used to determine your monthly principle and interest payment. The APR amortizes the cost of your loan over the term selected. The further the spread between the rate and APR the higher your cost will be. The rate you see will catch your attention (that's what it is designed to do) but the APR will give you an idea of how much it costs to obtain that rate. The APR calculation can vary a little from lender to lender so it's best to get a breakdown of the costs for each so you can make a good comparison. The point here is to get a good rate with low costs now (by comparing the rate to the APR) to open up the possibility of refinancing into a great rate later. Our focus is to give you our lowest rate with the least amount of costs. Put us up against any offer you have and I think you will be pleasantly surprised. Check us out by filling out our "Quick Quote" or giving us a call at (303) 650-9400!
Loan limits have been officially increased to $766,550 for VA and one-unit conventional loans (increased from $726,200 in 2023). We are now able to honor this loan limit increase as we head into 2024!
Limited Time Special: Get an extra .25% lender credit on agency loans for non-owner (investment) properties! Purchase or refinance. Call us today at (303) 650-9400 for the details. This program is subject to change/cancellation at lender's discretion so it is better to take advantage of this now before it expires.
With the rising cost of living statistics are showing more folks are relying on their credit cards for everyday needs. Most credit cards are carrying an interest rate now in excess of 20% which makes that credit card very expensive to use unless you pay the balance in full each month. For some that just isn't feasible and that is where a debt consolidation loan using your home's equity can put you in a more favorable position. To improve your position consider a cash out refinance or a Home Equity Loan with a much better interest rate. If you would like to explore the options give us a call today at (303) 650-9400. There is no cost or obligation to inquire, just information that may help to substantially improve your future!
We are always looking for ways to save you money! In anticipation of the new 2024 conventional conforming loan limit increase we are now able to offer loans up to $750,000 whereas the prior limit was $726,200. This can mean a substantial savings as in comparison to a Jumbo Loan and give you even more options to choose from. Call for the details at 303-650-9400!
If you are a homeowner, 62 or older, and struggling to keep on a budget with the high cost of most everything, a Reverse Mortgage with a HECM Line of Credit (LOC) could give you the peace of mind you have been looking for. You can set up your mortgage so there are no monthly payments and put a HECM LOC behind it to free up the cash in your home. The HECM LOC cannot be frozen or reduced and normally will increase over time. Most traditional Home Equity Lines of Credit (HELOCS) have a set time frame (usually 10 years) and then you have to begin to paydown the balance where a HECM LOC can last as long as your home is still considered your primary residence and you don't have to make a payment. There is no minimum credit score requirement although your credit history is taken into consideration. If you would like to learn more simply give us a call at (303) 650-9400. There is no upfront cost or obligation just information to help you make your decision.
As of today the consensus is to buy now and refinance later. There is some good logic behind this as the number of potential buyers has dwindled due to the higher rates. Those that need to sell now are being more flexible with the purchase price and possibly helping to lower your closing costs or even the interest rate. If predictions come true with lower rates in the future then demand will increase driving up the purchase prices. Should this come true then you could benefit by refinancing to a lower rate and improving the terms of your loan due to the appreciation of your home from now until then. This is only an opinion as no one knows exactly what the future will bring but it has been proven time and time again that owning a home is a great way to build future wealth. If you would like to explore your options, including our no down payment program, please give me a call today at (303) 650-9400. There is no cost or obligation.
If you are searching for a new home get your free pre-qualification! Check into your loan options first. This way you'll have a good idea of what price range to search in, how much of a down payment is required (if any), and what your monthly payment will be. You'll be disappointed if you fall in love with a home only to find out that you, unfortunately can't afford it. Your realtor and the seller will appreciate this as well because they know that you have done your homework when it comes to the financing. Having a pre-qualification also increases your chances of your offer being accepted. I would be happy to help you get prequalified with no cost or obligation. It only takes a few hours. Simply give me a call at (303) 650-9400 or click the "Apply Now" button on our website.
,For a limited time we have a new conventional purchase loan requiring just 1% down. Another 2% down is given as a down payment grant resulting in a full 3% down payment for your primary residence. Max income limit is 80% of the HUD median income of the area you wish to purchase in. For example, in the Denver Metro area the maximum annual income is $94,240.00. No monthly mortgage insurance is required resulting in a lower monthly payment. Maximum loan amount is $350,000.00 and the minimum middle credit score must be at 620 or above. In the Denver Metro area, putting just the 1% down, would max out the purchase price at $360,500.00, for your single-family home, town home, or condo. Interested in learning more? Give us a call at (303) 650-9400 today!