Capital Home Mortgage Colorado

Colorado home purchase loans

Home Purchase lender Colorado

Home Purchase Loans In Colorado

Capital Property Mortgage can assist you with your Colorado home purchase. Homebuyers can select the mortgage program that best fits their budget and financial responsibility because we offer diverse home loan options. We have professional mortgage consultants who can assist you in locating the optimal loan option.

Purchase Loan Programs In Colorado

  • Conventional Loans

Conventional loans are mortgages offered by private lenders and are not insured nor guaranteed by the federal government. They are not part of any government program and are the country’s most prevalent home loan program. Borrowers with a reasonable down payment and credit scores should easily qualify for a conventional loan. 

Conventional loans require a minimum credit score of 620 and a DTI ratio of less than 43%. If a borrower cannot come up with 20% down, they must carry Private Mortgage Insurance or PMI.

  • FHA Loans

FHA loans are mortgages insured by the Federal Housing Administration, a branch of the United States Department of Housing and Urban Development. They are the most lenient and straightforward home loans available. A borrower needs a credit score of 580 for a 3.5% down payment. The debt-to-income ratio on FHA loans may be as high as 50 – 55% with compensating factors. However, borrowers with scores between 500 – 579 may still be eligible for an FHA-insured loan if they put 10% down, and certain restrictions will apply.

Contrary to common belief, the Federal Housing Administration (FHA) doesn’t directly offer the loan. FHA-approved lenders offer and originate FHA loans; FHA insures the loan against default, eliminating the risk from lenders in the event of foreclosure.

  • VA Loans

The U.S. Department of Veterans Affairs makes sure that veterans, service members, and their partners who qualify can get VA loans. They don’t require a down payment and have less strict credit score requirements than conventional mortgages.

The VA guarantees a portion of the loan, allowing lenders to offer 100% financing. Borrowers must have a valid Certificate of Eligibility (COE) and meet the lender’s requirements to qualify for a VA home loan.

  • USDA Loans

USDA loans are guaranteed by the United States Department of Agriculture and are intended to assist low- to moderate-income rural borrowers in purchasing a home. It is the most challenging home loan program to qualify for due to its no-money-down nature.

To be eligible for a USDA-Guaranteed home loan, borrowers must meet the following requirements: (1) the household income must not exceed 115% of the median household income of the area where the property is located, (2) must use the property as a primary residence, (3) must be a US citizen or a qualified resident alien, (4) have a stable and dependable income, (5) have a credit score of 620, and (6) the property must be located in an eligible rural area as defined by the USDA.

  • Jumbo Loans

Jumbo loans are a form of mortgage designed to finance the purchase of a home whose price exceeds the limits established by the Federal Housing Finance Agency. (FHFA). Because jumbo loans involve a more enormous and risky amount of money for lenders, their eligibility requirements are typically stricter than those for conventional loans. 

To qualify for a jumbo loan, borrowers must have a high credit score, typically 700. Some lenders require a FICO score of 740 or higher. Borrowers must have a low DTI ratio, preferably under 43%. They also need substantial reserves, typically 6 – 12 months’ monthly mortgage payments.

  • Non-Qualified Mortgage Loans

Non-Qualified Mortgages, or Non-QM loans, are loan products that don’t follow the Consumer Financial Protection Bureau (CFPB) rules for Qualified Mortgages. Non-QM loans are made for people who can’t meet the strict standards of a Qualified Mortgage, like those who are self-employed or have a lot of debt compared to their income. 

In general, non-QM loans have less stringent requirements than conventional mortgages. Borrowers may be required to provide alternative documentation as proof of income, such as bank statements. It is best suited for self-employed individuals with high credit scores who cannot prove their income.

Apply for a Home Purchase Loan in Colorado

You have various options to apply for a home purchase loan in Colorado. Capital Home Mortgage is a direct mortgage lender. We are dedicated to providing exceptional customer service and would be delighted to serve you. Please contact one of our Home Loan Specialists at (303) 226-1177.

Home Purchase Loans In Colorado

If you plan to purchase a property in Colorado, you have many home purchase loan options. The terms, qualifications, and interest rates of these loans differ, so it is vital to research and compare your options to choose the one that best fits your financing needs.

Colorado Home Loan Programs

Some of the most prevalent options for financing a property purchase in the Last Frontier state of Alaska are as follows:

  • Conventional Loans

Conventional loans are not government-backed and have more stringent qualification requirements, such as a higher credit score and a larger down payment. However, they may provide lower interest rates, higher loan amounts, and repayment term flexibility.

  • FHA Loans

The Federal Housing Administration backs FHA loans, created for low- to moderate income borrowers who may not qualify for a conventional loan. They require a small down payment and have less stringent credit score requirements than conventional loans.

  • VA Loans

The U.S. Department of Veterans Affairs guarantees VA home loans accessible to qualifying veterans, service members, and their spouses. They feature a no down payment requirement and lenient credit score standards than conventional loans.

  • USDA Loans

USDA loans are guaranteed by the United States Department of Agriculture and are designed to help low- to moderate-income borrowers in rural areas purchase a home. They have no down payment requirements and may have lower credit score criteria than conventional loans.

  • Jumbo Loans

Jumbo loans are used to finance higher-priced homes that exceed the lending limits set by the government. These frequently have more stringent qualification requirements, such as higher credit scores, significant down payments, and interest rates.

  • Non-Qualified Mortgage Loans

A non-qualified mortgage (non-QM) loan is a home loan that does not meet the Consumer Financial Protection Bureau’s (CFPB) requirements for qualified mortgages. These loans are intended to assist borrowers who may need help to obtain standard mortgage loans due to factors such as poor credit, high debt-to-income ratios, or inconsistent income sources.

Apply For Colorado Home Purchase Loan 

If you wish to apply for a home purchase loan in the state of Colorado, you have several options. Capital Home Mortgage Colorado is a direct mortgage lender. We are committed to providing excellent customer service and are glad to assist you. Please call (303) 226-1177 to speak with one of our Home Loan Specialists.

Why Colorado HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Colorado 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 mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Colorado Home Purchase Loans

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

Colorado fixed rate Mortgage Loans

All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.

Colorado Adjustable Rate Mortgage Loans

Adjustable Rate Mortgage Loans known as ARM’s are  available with most mortgage products although limited with FHA, VA and USDA. ARM’s are great fit for homebuyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment.  ARM’s offers lower rates during times where fixed rates are higher. An adjustable rate mortgage is fixed for a specific time then adjusts on a predetermined time period and a predetermined amount based on a financial index and a fixed margin.

Colorado Mortgage Programs

Colorado Home Purchase

Thinking of Buying a Colorado 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

Colorado renovation home loans

Looking to Rehab a Colorado 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

Colorado FHA Home Loans

Great for 1st Time Colorado 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

Colorado VA Home Loans

100% Financing for Colorado 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

Colorado Conventional Home Loans

Flexibility for Colorado 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

Colorado Jumbo Home Loans

Colorado 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

Colorado USDA Home Loans

100% Rural Colorado 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

Colorado Native American Loans

Colorado 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

Colorado Manufactured Home Loans

Great Alternative Colorado Housing

Colorado reverse mortgages

Your Colorado 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

Colorado Non QM Home Loans

Making Colorado 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

Colorado One Time Close mortgages

Build Your Colorado 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

Colorado Refinance Mortgage Loans

Colorado 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

Colorado Cash-out Home mortgages

Colorado 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

Colorado Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Jordan Mowrey

SR Loan Officer
NMLS 210325

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