Buying a Home
Could Higher Rates Make it Easier to Buy a Home in Colorado?
Higher interest rates and guideline changes might decrease the amount of investment property buyers Since December of 2021 to April 2022, 30 year fixed interest rates have risen from around 2.875%, to around 4.875%. That's a huge jump. At first ...
4 Misconceptions Millennials Have About Buying a Home in Denver
When it comes to buying a home in Denver, millennials are moving much slower than previous generations. Part of the reason is that there are some major misconceptions that make millennials not want to buy a home. Before you wait ...
5 Common Mistakes that Borrowers Should Avoid
It's is very common for Mortgage Loan Originators to provide inaccurate credit tips when working with their borrowers. So we put together a list of things NOT to do when trying to improve a borrower's credit. Don't do these things: ...
Colorado Mortgage Group can now offer $679,650 Conventional High-Balance loan program
680 minimum FICO 43% debt-to-income 80% loan-to-value Primary and second homes Average turnaround time of 15 days or less from submission to closing Some areas of Colorado have an average purchase price well above the Conforming loan limits and High-Balance ...
CHFA SmartStep Program
CHFA SmartStep Program CHFA SmartStep purchase mortgage program is open to home-buyers that have a mid credit score of 620 or higher. This program features CHFA's lowest mortgage interest rate. It features FHA, VA, and USDA Rural Development. If you qualify, you may ...
CHFA Advantage
CHFA Advantage Do you have a minimum mid credit score of 680? It could be possible for you to purchase or refinance with a 30-year fixed rate mortgage with only 3 percent down and no mortgage insurance. On a traditional ...
CHFA Preferred Loan Program
With CHFA Preferred, you could save money up front and throughout the life of your loan with a lower down payment requirement and lower monthly mortgage insurance payments than similar programs in the market. The CHFA Preferred loan may be paired ...
CHFA Down Payment Assistant Programs
What is CHFA? CHFA’s mission is to strengthen affordable housing and economic development across the state. They offer many financial resources to strengthen homeownership, affordable rental housing, and businesses. They also offer education classes and technical assistance to help borrowers succeed. CHFA has invested ...
Down Payment Assistance Grant-CHFA
CHFA Grant Program The number one hurtle first time home buyers constantly struggle with is the traditional down payment needed to start your investment. If having a down payment has been a source of frustration in the past, you are ...
New FHA County Loan Limits for 2016
Loan Limits in the State of Colorado What is a Loan limit? Loan limits have a definition very closely related to their name. A loan limit is the maximum allowable loan size for a mortgage. Loans for amounts above loan limits cannot ...