Colorado Mortgage Rates

July 31, 2015 05:26 PM Eastern

Refinance rates now in DENVER, CO [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

30 Year Fixed

Interest Rate
3.250%
APR
4.220%
Monthly Payment
$1,005
Sebonic Financial
30 Year Fixed (FHA)
Interest Rate
3.250%
APR
4.220%
Monthly Payment
$1,005
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $871
Estimated Mortgage Insurance Payments $134
Total Monthly Mortgage Payment $1,005
Lender Fees $6,202
Lender Credit $0
Total Closing Fees* $6,202
*Other 3rd party fees may apply
Sebonic Financial
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About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
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Lender Reviews

Worked for me

Yes, I recommend this lender

After a bad try at a loan with Loan Depot it was a pleasure to deal with these people. Rate and costs were ok.

By: Anonymous (Miami)

Very Honest

Yes, I recommend this lender

They met all of their commitments. Totally issue and stress free process.

By: Alan (South Carolina)

The MOST ill-informed loan officers!

Yes, I recommend this lender

Last week I called and spoke to a loan officer bc I had a special situation involving a personal BK that was discharged 4 years prior.. so per FNMA guidelines I was passed the waiting period and eligible for a new mortgage. I wanted to sell my house (iib) and before we even got to the loan qualification part.. the loan officer told me I could NOT sell my house as I am no longer the owner. The bank is the rightful owner since I went through bk. I told him he was wrong and I disagreed.. He check with his underwriter.. and confirmed he was correct. YOU LOST A LOAN BUDDY DUE TO YOUR LACK OF KNOWLEDGE! I would imagine other loan officers at Sebonic have the same training. DON'T WASTE YOUR TIME WITH THESE PEOPLE. GO TO A FIRM THAT FULLY UNDERSTAND THE BUSINESS!

By: TLBC (RALEIGH, NC)
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Consumer Direct Mortgage, a division of FirstBank
30 Year Fixed
Interest Rate
3.625%
APR
3.732%
Monthly Payment
$913
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $913
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $913
Lender Fees $2,616
Lender Credit $0
Total Closing Fees* $2,616
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Highly recommend!

Yes, I recommend this lender

Incredibly attentive. An absolute joy to work with. Highly recommend!

By: hk4394 (Milton, FL)

Mikes Refinance

Yes, I recommend this lender

Had a great experience with Consumer Direct. It was a non painful refinance and a great rate. Pat and Jamie were a pleasure to work with and always responded to me in a timely manner, whether it be by email or phone. 2 thumbs up!!!!

By: Anonymous (Boynton Beach, FL)

Mikes Refinance

Yes, I recommend this lender

I had a great experience working with Consumer Direct. Very professional, caring and actually returned my calls right away when I had any questions or concerns about my loan. I would highly recommend this company. (and I got a great rate!!!!) Mike

By: Robinson (Boynton Beach, FL)
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15 Year Fixed

Interest Rate
2.750%
APR
2.912%
Monthly Payment
$1,358
Consumer Direct Mortgage, a division of FirstBank
15 Year Fixed
Interest Rate
2.750%
APR
2.912%
Monthly Payment
$1,358
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,358
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,358
Lender Fees $2,250
Lender Credit $0
Total Closing Fees* $2,250
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Highly recommend!

Yes, I recommend this lender

Incredibly attentive. An absolute joy to work with. Highly recommend!

By: hk4394 (Milton, FL)

Mikes Refinance

Yes, I recommend this lender

Had a great experience with Consumer Direct. It was a non painful refinance and a great rate. Pat and Jamie were a pleasure to work with and always responded to me in a timely manner, whether it be by email or phone. 2 thumbs up!!!!

By: Anonymous (Boynton Beach, FL)

Mikes Refinance

Yes, I recommend this lender

I had a great experience working with Consumer Direct. Very professional, caring and actually returned my calls right away when I had any questions or concerns about my loan. I would highly recommend this company. (and I got a great rate!!!!) Mike

By: Robinson (Boynton Beach, FL)
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Aimloan.com
15 Year Fixed
Be the first to write a review.
NMLS: 2890
Interest Rate
2.625%
APR
3.060%
Monthly Payment
$1,345
(877) 711-0639 Contact
Aimloan.com
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,345
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,345
Lender Fees $6,478
Lender Credit $1,306
Total Closing Fees* $5,172
*Other 3rd party fees may apply
Aimloan.com
Email Lender

About the Lender

Internet Direct Lender Since 1998* Over $16 Billion Funded *Fannie Mae and Freddie Mac Approved * View Rates & GFE Online 24/4, Apply & Lock Rate Online 24/7.

One of only 7 Certified UpFront Lenders!

5/1 ARM

Interest Rate
2.125%
APR
2.974%
Monthly Payment
$752
Aimloan.com
5/1 ARM
Be the first to write a review.
NMLS: 2890
Interest Rate
2.125%
APR
2.974%
Monthly Payment
$752
(877) 711-0639 Contact
Aimloan.com
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $752
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $752
Lender Fees $6,478
Lender Credit $520
Total Closing Fees* $5,958
*Other 3rd party fees may apply
Aimloan.com
Email Lender

About the Lender

Internet Direct Lender Since 1998* Over $16 Billion Funded *Fannie Mae and Freddie Mac Approved * View Rates & GFE Online 24/4, Apply & Lock Rate Online 24/7.

One of only 7 Certified UpFront Lenders!
Beacon Financial, Inc.
5/1 ARM
Interest Rate
2.625%
APR
2.712%
Monthly Payment
$803
(844) 326-3298 Contact
Beacon Financial, Inc.
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $803
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $803
Lender Fees $2,285
Lender Credit $0
Total Closing Fees* $2,285
*Other 3rd party fees may apply
Beacon Financial, Inc.
Email Lender

About the Lender

Beacon Financial is a local Colorado Lender and we offer the lowest rates and costs in the industry! We have an A+ Rating & Gold Star Member of the B.B.B.  We offer No Closing Cost Loans, Purchase and Refinance, Conventional, FHA, and VA loans. 
 
Beacon Financial offers premier mortgage brokerage services to residential customers. Our goal is to goal is to provide our borrowers with exceptional mortgage rates with low to no fees, while keeping our customers informed and educated throughout the entire process. We will become friends and mentors to our customers and lending affiliates.

Beacon Financial, Inc.
Email Lender Write a Review

Lender Reviews

Excellent Rate & Service!

Yes, I recommend this lender

I worked with Adam at Beacon Financial for our last refinance. We ended up getting a great rate on a jumbo loan. We also had to work through a tricky situation regarding our credit score. Adam communicated frequently and managed this refinance with expertise and a friendly attitude. I would definitely recommend working with Beacon Financial for your next loan!

By: Tbash7 (Boulder, CO)
See All Reviews
Consumer Direct Mortgage, a division of FirstBank
5/1 ARM
Interest Rate
2.500%
APR
3.015%
Monthly Payment
$791
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $791
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $791
Lender Fees $2,860
Lender Credit $0
Total Closing Fees* $2,860
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Highly recommend!

Yes, I recommend this lender

Incredibly attentive. An absolute joy to work with. Highly recommend!

By: hk4394 (Milton, FL)

Mikes Refinance

Yes, I recommend this lender

Had a great experience with Consumer Direct. It was a non painful refinance and a great rate. Pat and Jamie were a pleasure to work with and always responded to me in a timely manner, whether it be by email or phone. 2 thumbs up!!!!

By: Anonymous (Boynton Beach, FL)

Mikes Refinance

Yes, I recommend this lender

I had a great experience working with Consumer Direct. Very professional, caring and actually returned my calls right away when I had any questions or concerns about my loan. I would highly recommend this company. (and I got a great rate!!!!) Mike

By: Robinson (Boynton Beach, FL)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

Mortgage Rate Trends

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Colorado Mortgage Rates and Loan Options
Colorado is best known for its breathtaking mountains and rivers, which delight thousands of out-of-state hiking and camping enthusiasts each year, along with the 5 million people who make Colorado their home.

Colorado has much to offer its residents who inhabit both small towns and big cities, along with a myriad of financial programs for those looking to become homeowners, or refinance an existing loan. Colorado is second to none in offering mortgage programs and competitive mortgage rates through its public and private lending institutions, as well as the many commercial banks and conventional lenders found right here at Lendingtree.com.

Colorado Mortgage Interest Rates and Housing Assistance
For those who have trouble coming up with equity to purchase a new home, The Colorado Housing Assistance Corporation (CHAC) makes the down payment assistance program available. Regardless of a home's purchase price, residents statewide can apply for a second mortgage to cover the down payment and closing costs required by their first mortgage lender. The loans are made at market rate simple interest and require a relatively low monthly payment.

In some counties, such as Jefferson, Denver, and Arapahoe, borrowers can obtain down payment assistance loans at fixed interest rates well below current Colorado mortgage rates. In some cases, the loan payments can be deferred up to five years after the borrower purchases their home and obtains the mortgage. Not having to pay a second mortgage for that long period of time allows a buyer to maintain her cash flow and not have to worry about rising loan payments.

Colorado Public Housing Opportunities
The federal government's Office of Public Housing services the State of Colorado and exists to empower its people and strengthen its communities. Colorado residents can benefit from housing counseling, financing below current CO mortgage rates, and down payment and closing cost assistance for eligible buyers.

Government Insured Loans and CO Mortgage Rates
In high cost areas like Eagle County, the FHA has raised its normal maximum loan limit. This allows buyers of higher priced homes to take advantage of FHA loan programs that are typically offered to the more moderately priced homes. In other counties, the FHA loan limits remain at normal levels which can be researched through your local lenders found here at lendingtree.com or through the FHA.

Conventional lenders also make traditional FHA insured home loans for secondary market buyers Fannie Mae and Freddie Mac. For this purpose, there are conforming loan limits across all of Colorado, depending on the county in which you live. For information about current conforming loan limits in Colorado, please visit: https://entp.hud.gov/idapp/html/hicostlook.cfm. 

Because of their low down payment options and ability to use gift funds from family members, employers, and charitable organizations, and their low CO mortgage interest rates, these loans have become favorites of first time homebuyers in Colorado.