Types of Mortgages In Denver We Offer
Adjustable Rate Mortgage (ARM)
An ARM provides a superior solution to help build equity faster with lower up-front interest rates. This is ideal for individuals planning on living at the property for several years.
A conventional mortgage is the best option for those that have good credit with roughly 20% down. Although the down payment can be less, there may be PMI added to the loan.
Usually used by individuals that have decent credit or less money up front, an FHA loan is a solid option. With scores above the 580 mark, you can expect to put 3% down.
If you have equity in your house, meaning you have a double-digit percentage paid off, you can get better interest rates, pull out cash, evolve an FHA, and more with a mortgage refinance.
Whether you’ve serviced in the military, are currently actively serving, or are a reservist, a VA mortgage offers relaxed requirements such as 0% down, no PMI, and more.
Are you looking to purchase a house that is above the average amount? Currently, a jumbo loan in Fort Collins is for homes above $596,850, which is around the average cost of home in town.
A USDA home loan is an amazing opportunity for individuals that have lower income and want to purchase a home in rural and suburban areas.
With a reverse mortgage, you can, so long as you are older than 62 and have equity in your home, take out money from your home without worrying about making the payments back. Contact us for more information.