Colorado Mortgage Rates

September 3, 2015 12:29 AM 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
3.625%
APR
3.711%
Monthly Payment
$913
Consumer Direct Mortgage, a division of FirstBank
30 Year Fixed
Interest Rate
3.625%
APR
3.711%
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 $2,106
Lender Credit $0
Total Closing Fees* $2,106
*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
Sebonic Financial
30 Year Fixed (FHA)
Interest Rate
3.250%
APR
4.218%
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 $6,160
Lender Credit $0
Total Closing Fees* $6,160
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

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
Email Lender Write a Review

Lender Reviews

Owner

Yes, I recommend this lender

Overall experience was one of complete pleasure. Any delay in the process was caused by me and at that, it was only a month.

By: Haydee (Marietta, GA)

purchase of 1st home

Yes, I recommend this lender

Sebonic was clearly the cheapest rate I found after speaking with multiple banks. My loan representative was clear and didn't have any charges or fees which made it very clear.

By: Michael (Baltimore, MD)

Amazing company to work with, I will miss them.

Yes, I recommend this lender

Every time I had a question they were able to answer me. They were extremely helpful during the entire process of buying a home. My husband and I are first-time homebuyers and I was very reluctant and nervous about the whole process. They made it easy. I am so grateful that I chose them to help us with this beautiful opportunity. I would recommend them to everyone.

By: Ronda (Wooster, OH)
See All Reviews

15 Year Fixed

Interest Rate
2.750%
APR
2.897%
Monthly Payment
$1,358
Consumer Direct Mortgage, a division of FirstBank
15 Year Fixed
Interest Rate
2.750%
APR
2.897%
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 $2,050
Lender Credit $0
Total Closing Fees* $2,050
*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
Herring Bank
15 Year Fixed
Interest Rate
2.750%
APR
3.135%
Monthly Payment
$1,357
(844) 707-9782 Contact
Herring Bank
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 $1,357
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,357
Lender Fees $5,295
Lender Credit $0
Total Closing Fees* $5,295
*Other 3rd party fees may apply
Herring Bank
Email Lender

About the Lender

Herring Bank originated in Vernon, Texas in 1899. The bank provides a full range of commercial and consumer banking products, as well as investment and trust services. While the bank is primarily owned by the family of its founder, Col. C.T. Herring, the bank has directors and owners in communities that it serves. Through local leadership and ownership, Herring Bank has created a legacy of helping customers with their financial needs for some 110 years.
Herring Bank
Email Lender Write a Review

Lender Reviews

Refinance home loan

Yes, I recommend this lender

It was a great experience!

By: Kim (Lubbock, TX)

James Hanson

Yes, I recommend this lender

I was amazed with the superior customer service I had recieved at first I was not sure about doing business this way over the phone not face to face but I haved to say that it was one of the best experiences I have had in my life. James made the transaction seem as if he was sitting next to me and even answered my call on his cell at crazy hours everytime I had a question or just needed advise WOW I am now in our new home and what a great rate and overall the relastionship will last a lifetime THANK YOU THANK YOU

By: Jesse (OHIO)

Simple, Fast and Complete

Yes, I recommend this lender

We were dealing other leaders and where constantly getting more questions than answers. Herring Bank made it fast and easy. They provided quick answers and got it done without frustration.

By: DNA15 (McKinney, TX)
See All Reviews

5/1 ARM

Interest Rate
2.500%
APR
3.102%
Monthly Payment
$790
Herring Bank
5/1 ARM
Interest Rate
2.500%
APR
3.102%
Monthly Payment
$790
(844) 707-9782 Contact
Herring Bank
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 $790
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $790
Lender Fees $5,295
Lender Credit $500
Total Closing Fees* $4,795
*Other 3rd party fees may apply
Herring Bank
Email Lender

About the Lender

Herring Bank originated in Vernon, Texas in 1899. The bank provides a full range of commercial and consumer banking products, as well as investment and trust services. While the bank is primarily owned by the family of its founder, Col. C.T. Herring, the bank has directors and owners in communities that it serves. Through local leadership and ownership, Herring Bank has created a legacy of helping customers with their financial needs for some 110 years.
Herring Bank
Email Lender Write a Review

Lender Reviews

Refinance home loan

Yes, I recommend this lender

It was a great experience!

By: Kim (Lubbock, TX)

James Hanson

Yes, I recommend this lender

I was amazed with the superior customer service I had recieved at first I was not sure about doing business this way over the phone not face to face but I haved to say that it was one of the best experiences I have had in my life. James made the transaction seem as if he was sitting next to me and even answered my call on his cell at crazy hours everytime I had a question or just needed advise WOW I am now in our new home and what a great rate and overall the relastionship will last a lifetime THANK YOU THANK YOU

By: Jesse (OHIO)

Simple, Fast and Complete

Yes, I recommend this lender

We were dealing other leaders and where constantly getting more questions than answers. Herring Bank made it fast and easy. They provided quick answers and got it done without frustration.

By: DNA15 (McKinney, TX)
See All Reviews
Consumer Direct Mortgage, a division of FirstBank
5/1 ARM
Interest Rate
2.500%
APR
3.029%
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 $2,750
Lender Credit $0
Total Closing Fees* $2,750
*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
Sebonic Financial
5/1 ARM
Interest Rate
2.625%
APR
3.054%
Monthly Payment
$804
(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 $804
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $804
Lender Fees $2,475
Lender Credit $0
Total Closing Fees* $2,475
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

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
Email Lender Write a Review

Lender Reviews

Owner

Yes, I recommend this lender

Overall experience was one of complete pleasure. Any delay in the process was caused by me and at that, it was only a month.

By: Haydee (Marietta, GA)

purchase of 1st home

Yes, I recommend this lender

Sebonic was clearly the cheapest rate I found after speaking with multiple banks. My loan representative was clear and didn't have any charges or fees which made it very clear.

By: Michael (Baltimore, MD)

Amazing company to work with, I will miss them.

Yes, I recommend this lender

Every time I had a question they were able to answer me. They were extremely helpful during the entire process of buying a home. My husband and I are first-time homebuyers and I was very reluctant and nervous about the whole process. They made it easy. I am so grateful that I chose them to help us with this beautiful opportunity. I would recommend them to everyone.

By: Ronda (Wooster, OH)
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.