A credit score of 620 or higher is typically required. Minimum down payments start at 3% for first time homeowners and 5% for current homeowners. Private mortgage insurance (PMI) is needed if the down payment is less than 20%.

An FHA loan is a government-backed mortgage that requires a low down payment of 3.5%. FHA loans offer more lenient standards for credit scores and debt-to-income ratios compared to conventional loans, making homeownership more accessible for those who may struggle to qualify for other financing options.

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members, and surviving spouses. It allows for home purchases with little to no down payment, no private mortgage insurance, and competitive interest rates.

A jumbo loan is a mortgage that exceeds the loan limits set by the Federal Housing and Finance Agency (FHFA). It is typically used for buying high-value properties, like mansions or homes in expensive areas.

A Home Equity Line of Credit (HELOC) offers flexible funding options that allow homeowners to tap into their home’s equity. This type of financing is particularly useful for major expenses like home renovations, educational costs, or debt consolidation. By using a HELOC, borrowers can access a revolving line of credit, which means they can withdraw funds as needed, up to a predetermined limit, and repay only what they use, along with interest.

Non-QM, or Non-Qualified Mortgage, refers to loans for borrowers who don't qualify for standard loan programs. These loans often have special income qualifications and are meant for individuals with unique income sources. Non-QM loans are great for self employed clients.

We offer a comprehensive range of loans designed to fit the financing needs of real estate investors. This includes Debt Service Coverage Ratio (DSCR) loans for single rental and multi rental portfolios, construction loans for builders and investors, as well as fix-and-flip loans specifically for investors renovating and reselling properties for profit. Looking at an investment property outside Colorado? We can offer business purpose loans in most states.