Capital Home Mortgage AURORA
Mortgage Lender AURORA Colorado
Home Loans In Aurora, Colorado
The city of Aurora is less than an hour away from the famous Rocky Mountains of Colorado, earning it the nickname Gateway to the Rockies!
Aurora’s housing market has remained competitive despite the fluctuations that hit the global real estate scene during the pandemic. One reason for this resilience is that Aurora has a wide selection of offerings, including hiking, skiing, and snowboarding. It makes the city a tourism hub, which has helped its economy.
If you’re considering owning a home in Aurora, you must start getting your mortgage application ready. Knowing what documents you must prepare alongside your application can help fast-track the process and bring you one step closer to securing the home financing you need.
Factors That Determine Your Approval For A Home Loan
Several factors will determine if your application for a home loan in Aurora will be approved or denied. To name a few, these are:
Your credit report tells the story of how well you use credit. It will also show the negative aspects of your credit history, like late repayments, bankruptcies, foreclosures, evictions, repossessions, and current debt loads.
Your credit activities are calculated and summarized in a credit score ranging from 300 to 850. Before talking to a mortgage lender, the rule is to get your credit score as high as possible (think 680 and above).
Lenders would want to see your earning history and current income. They’ll usually ask for pay stubs from the past three payroll cycles. If you’re a W2 employee, you must provide your last 30-day paycheck stubs and your previous 2 years’ W2s.
If you’re a business owner, you must provide deposit slips, 1099 forms, contracts, invoices, or any other proof of income requested by the lender, such as your personal and business tax returns and a year-to-date profit and loss statement, etc.
A tax return gives more credibility to your application. Not only does it affirm that you are indeed a tax-paying borrower, but lenders can also use it to confirm that you have reported the correct income.
Every borrower must show where their source of funds is coming from. They must show enough assets in their checking, savings, and retirement accounts. Besides the source of funds, they also have to show reserves. A reserve is what is left in their liquid asset after exhausting their funds to buy a house.
If this is your first time buying a home, you’re probably renting a flat or an apartment. Your lender might require a letter from your landlord attesting to your consistency in making timely rental payments or a schedule of rental payment history of your account.
Aurora, Colorado Mortgage Lender
Capital Home Mortgage offers conventional loans, FHA loans, VA loans, USDA loans, and several other mortgage products in Denver. We are a direct mortgage lender; we can offer these home loan programs at competitive interest rates and comparatively lower fees.
Our mortgage experts will work with you to identify the right loan option for your situation. We’ll also walk you through the pre-approval process so there’s no confusion once it begins.
At Capital Home Mortgage, we aim to simplify the home loan process. Whether it’s your first or fifth, buying a home should be an exciting and enjoyable experience.
Get Your Home Loan in Aurora
Call (303) 226-1177 to speak with our Aurora loan officers about your home loan needs. We’re happy to start you with a no-obligation quote and look forward to providing your next mortgage loan in Aurora.
Why Aurora HomeBuyers are Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates and Low Fees
7 Day a Week Support Application to Final Mortgage Payment
Aurora Mortgage Rates
Have you ever wondered why interests rates are what they are and what determines the final rate? Why borrowers receive different interest rates? Or why rates go up and down? Interest Rates are calculated using several factors.
- Demand for the mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
Aurora Mortgage Programs
Aurora Home Purchase
Thinking of Buying an Aurora Home?
Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
- Primary, Secondary, Investment
- FHA, VA, USDA, Native American
- Conventional, Jumbo, Non QM
- Reverse, Renovation, Manufactured
Aurora renovation home loans
Looking to Rehab an Aurora Home?
Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan? Purchase the Perfect Home and make it your own. Call today.
- Remodel, Renovate or Repairs
- FHA 203K Streamline or full
- fannie mae homestyle reno
- freddie mac home choice reno
Aurora FHA Home Loans
Great for 1st Time Aurora Homebuyers
FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket. Call today to get started.
- Smaller Down Payment
- Flexible Underwriting
- Higher Debt to Income Ratios
- Lower Credit Scores OK
Aurora VA Home Loans
100% Financing for Aurora Veterans
Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
- Simply Qualifying for Veterans
- No Down Payments Requirements
- Lower Credit Scores Accepted
- Manual Underwriting Allowed
Aurora Conventional Home Loans
Flexibility for Aurora Homebuyers
Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.
- Primary, 2nd Home, Investment
- Great Rates & Low Fees
- Single Family and Multi-Family
- Renovation Loan Programs
Aurora Jumbo Home Loans
Aurora Non Conforming Loans
Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today to speak to a loan officer.
- Primary Residence and 2nd Homes
- Higher Loan Amounts – 3 Million
- Great Interest Rates
- Investor Specific Guidelines
Aurora USDA Home Loans
100% Rural Aurora Home Loans
USDA Loans are a great option for families wanting to live outside of the city. Call today to speak with a loan officer to discuss your personal loan options.
- Rural Properties Only
- Primary Residence Only
- Geographic Restrictions
- Income REstrictions
Aurora Native American Loans
Aurora HUD 184 Home Loans
HUD 184 Home Loans are solely for Native American and offer a variety of benefits. Call today to speak with a loan officer to find out more.
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
Aurora Manufactured Home Loans
Great Alternative Aurora Housing
Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
- Existing Purchase or Refinance
- OTC Land/ Home Combo
- Lock Rate Before Completion
- FHA, VA, USDA, & Native Loans
Aurora reverse mortgages
Your Aurora Home at Work
Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
- primary residence only
- simple qualifying – equity based
- credit scores not applicable
- Minimum age 62
Aurora Non QM Home Loans
Making Aurora Mortgages Possible
Looking for Non Traditional Home Mortgage Loan? Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
- Purchase, Rate and Term & Cash-out
- Primary, Secondary and Investment
- Full Doc & Bank Statements Programs
- Corporations OK
Aurora One Time Close mortgages
Build Your Aurora Dream Home
Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan. Call today to see how a OTC loan works.
- Primary Residence Only
- Close Once
- Lock Rate at Contract
- Traditional Final Mortgage
Aurora Refinance Mortgage Loans
Aurora Rate & Term Refinance
Refinancing can be a hard decision and the payback can sometimes be confusing. Call today and let our Loan Officers walk you through the process.
- Reduce Mortgage Term
- Lower Monthly Payments
- Appraisal Waivers
- Streamline Options Available
Aurora Cash-out Home mortgages
Aurora Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Vacation or Education