Mortgage Resources

New FHFA Fees for Mortgage Refinance
You may have heard that FHFA plans to add a refinance fee of .5% to all refinances starting December 1st. Most lenders have already begun adding this to their rate sheet. We have a few lenders that will not add ...
NEW Closed Loan – 7/29/20
The loan for a Colorado Mortgage Group customer went from submission to CTC in just 14 days — that’s really fast! It was submitted on July 9, 2020 and received the CTC on July 29, 2020. Great work David Burson ...
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: ...
Reverse Mortgage Counseling – Common Questions
“Which counselor should I choose?” – A list of HUD-approved, third-party counselors near your area will be provided to you. You may contact any of the eligible counselors on this list to schedule a session.“Do I have to go somewhere ...
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 ...