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,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!

Posted by Ken Morley on May 24th, 2023 2:55 PM

I've always encouraged people to get at least three different lender quotes before making a decision. I thought it might be helpful to do a comparison between a loan for $400,000 for 30 years with a rate of 6.250% and then the same loan at a rate of 6.375%. The payment increase going from 6.250% to 6.375% is $32.61 per month. Depending on your circumstances that might not seem too bad but if you look over the life of the loan that equates to $11,739.45 in additional interest---WOW! A lower rate and lower payment will be beneficial in most cases but especially for the First Time Homebuyer. We work with most all Real Estate Agents here in Colorado. So do your research and let us give you a quote by calling (303) 650-9400 or clicking on "Quick Quote" from our home page. I've got a feeling you'll be glad you did!

Posted by Ken Morley on May 1st, 2023 10:12 AM

Most believe you need a large down payment to purchase a home but that is not necessarily the case. If not having a down payment is keeping you from buying a home please talk to us about our 100% financing options. Although there are some limitations to these programs they are surprisingly flexible. Simply give us a call at (303) 650-9400. There is no cost or obligation to explore your options and this may get you on the road to building wealth sooner rather than later! 

Posted by Ken Morley on April 4th, 2023 11:46 AM

First time home buyers or those who have not owned a home in the last three years with an income at or below 100% of the Area Median Income (AMI) or 120% of AMI in designated high cost areas can benefit from new pricing incentives offered on conventional loans. We can help you to see if you qualify for these incentives by simply giving us a call at (303) 650-9400!

Posted by Ken Morley on March 9th, 2023 4:01 PM

VA Loan Purchase Special. Now through 3/5/2023 get an additional .50% credit toward your closing costs or use it to help lower your rate. See how this Veteran Loan can work to your advantage simply by calling us at (303) 650-9400 or send a text to (720) 271-9545 stating you want more information. This is just one way we are thanking our Veterans for their service! 

Posted by Ken Morley on February 8th, 2023 11:12 AM

Just to let you know we haven't forgot about the lower loan amounts. Now through 2/5/2023 you can get an additional 37.5bps closing cost credit on all loan amounts of $200,000 or below on a conventional, primary occupancy, home purchase loan. This may fit in well if you are looking to purchase a manufactured or modular home as well. Call us for the details and a free quote at (303) 650-9400!  

Posted by Ken Morley on January 6th, 2023 11:17 AM

Fannie Mae and Freddie Mac Conventional Loans will be increasing the expense for "Cash Out" loans as of 12/08/2022. If you have been thinking about leveraging the  equity in your home for debt consolidation, home improvements, etc. it would be better to do it now rather than later. Give us a call today and we can discuss the details of your particular transaction at (303) 650-9400.

Posted by Ken Morley on November 25th, 2022 12:15 PM

High priced homes have been a barrier to homeownership. Manufactured Housing is a more affordable option with  prices that are one-third to even two-thirds lower than a traditional home. Updated financing now almost mirror those that are available with a standard home including refinancing options. If you are a renter  this could give you a chance to control your monthly housing expense and have a property that is appreciating in value. If you would like to learn more simply give us a call now at (303) 650-9400! 

Posted by Ken Morley on November 13th, 2022 7:20 PM

First time homebuyers and homebuyers can benefit from a new program referred to as a 2-1 Buydown fixed rate program. This means that the first year of the loan your rate will be 2% below the current effective rate and then the second year it will be 1% below the current effective rate. The lower rates result in lower payments for the first 2 years which can amount to a significant amount of  savings. The 2-1 Buydown is funded by the seller, realtor, or a combination of both, so it is not coming out of your pocket. If you have a scenario you would like me to analyze or if you would like to know more about the 2-1 Buydown fixed rate program simply give me a call at (303) 650-9400. 

Posted by Ken Morley on September 22nd, 2022 1:41 PM

With home loans the middle credit score of the 3 major credit bureaus is "King". This number has been referred to as "FICO" score, middle score, or simply your credit score. It will help determine the programs available, the interest rate you pay, and even the amount of monthly mortgage insurance you pay on a conventional loan if purchasing a home with less than 20% down. As you probably already know the higher your score the more favorable terms you'll be offered. This is where the savings can amount to thousands of dollars over the life of your loan. Can you improve your credit score? Yes you can in most cases, by utilizing our FREE Credit Upgrade Program for home loans! Rather than waiting 3 months or longer for your "FICO" to improve we have seen results in as little as 3 business days but each persons situation is different so the time to completion and results may vary. We have had great success so I would encourage anyone with a "FICO" score below 740 to inquire as the savings may be substantial. Simply give me a call at (303) 650-9400! This is a limited time offer.

Posted by Ken Morley on September 13th, 2022 10:50 AM



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