Mortgage Resources

What Are VA Home Loans?
VA Guaranteed Home Loans: Listed below are what VA guarantee home loans can be used for: • buy a home, either existing or pre-construction, as a primary residence • refinance an existing loan VA Guaranteed Home Loan Benefits: • Equal opportunity ...
Colorado VA Loan Limits
VA Loan limits in Colorado for 2015: County Name Single Family Home ($0 down and up to) Max Guaranty ADAMS $424,350.00 $1,000,000 ALAMOSA $417,000.00 $1,000,000 ARAPAHOE $424,350.00 $1,000,000 ARCHULETA $417,000.00 $1,000,000 BACA $417,000.00 $1,000,000 BENT $417,000.00 $1,000,000 BOULDER $456,550.00 $1,000,000 ...
Qualifying for a Mortgage With Student Loans
How Will My Colorado Student Loans Affect Getting an FHA, VA or Conventional Mortgage? For FHA Loans: As of September 14th, 2015 all assigned loans will have to count deferred loan installments against the borrower. Here are the full guidelines ...
What To Know About Financing Flipped Properties
Buying a Flipped Property - What to Know If the home you are buying is being flipped within 90 to 180 days since it was purchased and  has experienced an increase in value there are some things you need to know. Photo ...
Is it a Condominium?
How do I know if it’s a Condo? Because of the changes to the condominium approval/review processes it is absolutely imperative that you understand what type of property you are dealing with BEFORE you move forward with listing, selling, or ...
Maximum Seller Contribution Chart
FNMA FHLMC FHA VA USDA 90.01% or greater 75.01% to 90.00% 75.00% or less (Must Be Owner Occupied / Based on  LTV/CLTV) 3% 6% 9% 6% Maximum all loans 4% Closing cost & points Plus up to 4% sales concession ...
Dropping Mortgage Insurance
Dropping Conventional Mortgage Insurance Rules  Automatic Termination ( PMI is Automatically Terminated without you asking) PMI is automatically removed when your Loan to Value (LTV) gets to 78% Important Notes for Automatic Termination: Loan to Value is  based upon Original ...
What are the Waiting Periods for Bankruptcy or Short Sale before getting a new Mortgage?
Extenuating circumstances could cut the waiting period to two years for Chapter 7 and Short Sale It can be pretty daunting to keep up with the waiting periods that different loan programs require before you can qualify for a new ...
FHA Gift Fund Donor Guidelines
Photo by JD Hancock Alternate Sources for FHA Down Payment Did you know you can buy a home with no down-payment out of your own pocket? Conventional loans and FHA loans both allow Gift Funds or Donor Funds to be ...
How to Choose the Right Realtor to Help You Find Your Colorado Home
Buying a home is the biggest financial and emotional investment you will ever have in your life and acquiring a new home can really be exciting especially for first timers in home buying. Realtors play a key role in home ...