Mortgage Resources

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 ...
How to Buy a Colorado Home in a Competitive Buying Market
The real estate market has gone up since 2012 and the trend is expected to continue.  In turn, Colorado is becoming a popular place to buy a house and settle.  These increases have created a seller's market, making the buying ...
Six Things To Know about Jumbo Loans in Colorado
Jumbo loans are similar to other loans, but there are some important differences that you should know about before buying a home. Jumbo Loans Are Portfolio Loans First, let's get one concept down: Jumbo loans are Portfolio Loans. Portfolio loans ...