Mortgage Solutions in the State of Colorado
Colorado is a great place to buy a home -- and our team of mortgage and home purchasing experts wants to help you buy a home there in style. In the last year, Colorado home prices have shot up along with the rest of the country, and the state's median home selling price is currently at $345,900, which is over $120,000 more than the national median selling price of $232,300.
Currently, Boulder is one of the priciest places to buy a home in Colorado, with a median home listing price of $825,000. This is almost twice the statewide median listing price of $415,000. Denver, the state's capital and largest city, is also somewhat pricey, with a median listing price of $475,000 and a median sale price of $407,200. Slightly less expensive places to live in Colorado include Colorado Springs, with a median sale price of $265,100, and Pueblo, with a median listing price of $199,500.
The entire home.loans team is committed to helping you make smart choices when it comes to purchasing a home in Colorado. Whether you want to refinance your home, take out a FHA loan, a USDA loan, or VA loan, or tap the equity in your home, we have the expertise to help.
Best Colorado Mortgage Lender: New American Funding
The good folks over at New American Funding know how to give people a great mortgage experience. For first time home buyers, their commitment to providing affordable home financing is nearly unrivaled.
The proof is in the reviews from past clients who consistently comment on the extraordinary diligence and overall sincerity of the New American Funding team. Home buyers who choose to finance their home purchase with NAF are in the hands of a knowledgeable and hard-working group.
The New American Funding team leaves no questions unanswered and is almost never out of reach. They are also quite adept at reducing the closing costs of mortgages down to the bare minimum, in an effort to provide home loans of the highest up-front affordability.
Best Colorado Mortgage Refinance Lender: Academy Mortgage Corporation
Academy Mortgage Corporation has been around since 1988, and has made a name for themselves on a national scale. The company is committed to responsible lending practices, especially with the ever-changing economy of today.
Unlike many mortgage brokers around, Academy Mortgage Corporation has the advantage of being a direct mortgage lender. This means that they handle all loan processing, underwriting, closings, and funding at their local branch offices.
Being a direct lender, means being able to close mortgage refinance transactions as efficiently and quickly as possible, sometimes even in a matter of days! With the security and efficiency of their in-house loan origination and management, they are one of the best when it comes to speedy and affordable home financing!
Best Colorado FHA Mortgage Lender: Bay Equity Home Loans
Bay Equity Home Loans was founded back in 2007 as a full-service mortgage lender, with an extra emphasis on service. With locations across 32 states, the company is still growing to this day, thanks to their fierce dedication to their trade.
For a family owned and operated company, their popularity among the home buyers in the states that they are located is immense. They are deeply passionate about providing affordable mortgage solutions, with an exceptional focus on FHA loans and VA financing. As a matter of fact, a portion of their proceeds from every FHA or VA loan that they service is donated to the Warrior Foundation-Freedom Station.
The high-quality customer service and drive to secure low rates and comfortable loan terms will no doubt put Bay Equity Home Loans at the very top of the mortgage lender food chain some day. For now, home buyers would be wise to check them out and see why they consistently rake in such killer reviews!
Best Colorado VA Mortgage Lender: RPM Mortgage
RPM Mortgage is one of the most well-reviewed mortgage lenders in the state of Colorado, and for good reason. The company prides itself on being able to navigate even the most complex of mortgage transactions with ease, and their clients are more than willing to attest to that fact.
The RPM mortgage team makes the entire home loan process as transparent as possible, allowing home buyers to be confident in their decisions. The more complex the situation, the harder they are willing to work towards finding the right home loan for their client. Don’t just take our word for it either, its all documented in what they call their “client wins”.
As far as Colorado VA financing goes, originating these loans for such an experienced team is more like a walk in the park. Their mortgage experts provide round the clock service, and will not hesitate to provide any advice or information as requested from a borrower.
Best Colorado Home Equity Lender: U.S. Bank
With a history dating all the way back to 1863, U.S. Bank is the farthest thing from the new kid on the block. Its strong presence in today’s mortgage market as the country’s fifth largest bank is a testament to their deep commitment to providing affordable HELOCs and home equity loans with excellent service.
U.S. Bank offers both home equity loans as well as HELOCs. Their home equity loan offering is a fixed rate HEL with a term of up to 30 years, while their HELOC product has a variable interest rate coupled with a draw period of 10 years.
U.S. Bank is well known for its knowledgeable staff and expert loan officers. Chances are, no matter what a borrower’s financial situation may look like, they can come up with an affordable home equity solution.
Experience often trumps trendy advancements, and the face-to-face personalized mortgage services offered by U.S. Bank are a shining example of this. Home buyers never have to worry about a lack of communication or being rushed, and will be treated with the same respect and due diligence as their big-name clients.
Shop Around Before You Get a Colorado Home Loan
Our picks for the best mortgage lenders in Colorado may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!