Colorado Mortgage Rates

May 24, 2015 01:00 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 Rates as low as

Interest Rate
3.750%
APR
3.812%
Monthly Payment
$927
Sebonic Financial
Interest Rate
3.750%
APR
3.812%
Monthly Payment
$927
(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 $927
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $927
Lender Fees $1,510
Lender Credit $0
Total Closing Fees* $1,510
*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

New House for a Army Veteran

Yes, I recommend this lender

To Everyone, I want to start off by saying this was my first time buying a house. Due to some disabilities from being in the Army, I never thought I would be able to buy a house. After seeing how low interest rates were with Sebonic/ Cardinal Financial I figured what do I have to lose in trying. With that said, I was informed my 660 score would be enough to qualify me and even if it had dropped to 620, there would be no problem. I was pre qualified for 200k and even a little more if needed. Courtney Burns answered all questions in a very professional response. Now what makes this very exciting for me is the fact that I'm 100% Disabled with VA and not being able to work. This was also due to almost no debt. My agent called and had other questions about how it could really be possible to give such great rates and have no processing fees. Even after call to verify I was continually told that Sebonic by my agent that this was too good to be true and that this was her first time working with an internet finance company and had only worked with local lenders in Asheville NC. (What is kind of funny is the one lender my real estate broker recommended to me pretty much hung up on me when I asked if they would like to match what was given by Sebonic was proposing.) The one thing I would like to mention is that Sebonic does require you to be pro active if you really want to be informed through out the total process. I know there were times Sebonic/ Cardinal wished I would stop calling for updates however; they did comply when asked and there were times I can recall for both Cortney Burns and Wes Putman responded on emails after hours. That made me feel important. Kind of made me feel a little sorry for Wes Putman my final Loan Processor when I saw he was responding around 11pm on a Saturday for one of my questions. There were times I was stressed during the process but who wouldn't for such a big purchase. My agent says she is not going to use them again due to her being left out of the loop and didn't know what was going on. The funny thing is that when we started working with Sebonic, we had both read how there was a big issue with communication on many reviews. We talked about it and the both of us decided that saving between 2k and 3k for processing fees others would charge made it hard not to go with it. We accepted it was worth the pain in making sure we were on target. The part I think my agent forgot is that if she wanted information or had a question she needed to email or call Sebonic. Sebonic didn't really CC her with all the steps going on. They only sent it to me since I was the only one with the information needed. In the end, I was giving updates to my agent on when the close was going to happen. The agent was always playing catchup ........I think it was partly their fault too in that. Lastly, I ended up with a 200k loan at 3.25% rate for 30 year fixed. I know it's going to be one of the best rates I could have ever got. You should know that with that rate, I did not have to pay one penny out of pocket to close on this house. The Seller paid 3% of close or up to 6k. ( VA home buyer please be aware that sellers can pay upto 4% on a VA loan). Well guess what??? It covered all of my inspections...Everything and I mean Everything! Knowing the real cost that could have been out of pocket for me even with a VA loan would have been around 5k. This was a home run for me and to think It's Memorial Day Weekend. What a great weekend to be sitting on my deck cooking out and drinking a beer. Cheers to everyone involved in allowing me to experience owning my first home. Sincerely, Thomas Army Veteran

By: Thomas (Asheville NC)

Delays, Delays, Delays

It took over 2 months to close after providing all of the paperwork within 1 day of request. Of course there was only a 30 day lock, so they milked another 4 weeks of extension fees out of me. I complained about their tactics and got all but one week of fees reduced. At this time I just wanted to end my misery, so I took their offer just to get rid of them. Very poor business ethics and practices.

By: Delays (Upper Peninsula Michigan)

Great job!

Yes, I recommend this lender

I had a great experience with Sebonic,I was very nervous about using this lender, but after shopping around with local lenders and online lenders, I can tell you that I got the best interest rate and best closing cost and great costumer service from Sebonic. I will definitely recommend Sebonic to all my friends and family. Sebonic did an amazing job!!!

By: Pembroke (Pembroke Pines, FL)
See All Reviews

15yearFixed Rates as low as

Interest Rate
2.875%
APR
3.074%
Monthly Payment
$1,369
Beacon Financial, Inc.
Interest Rate
2.875%
APR
3.074%
Monthly Payment
$1,369
(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 $1,369
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,369
Lender Fees $2,785
Lender Credit $0
Total Closing Fees* $2,785
*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
Sebonic Financial
Interest Rate
3.000%
APR
3.113%
Monthly Payment
$1,382
(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 $1,382
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,382
Lender Fees $1,570
Lender Credit $0
Total Closing Fees* $1,570
*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

New House for a Army Veteran

Yes, I recommend this lender

To Everyone, I want to start off by saying this was my first time buying a house. Due to some disabilities from being in the Army, I never thought I would be able to buy a house. After seeing how low interest rates were with Sebonic/ Cardinal Financial I figured what do I have to lose in trying. With that said, I was informed my 660 score would be enough to qualify me and even if it had dropped to 620, there would be no problem. I was pre qualified for 200k and even a little more if needed. Courtney Burns answered all questions in a very professional response. Now what makes this very exciting for me is the fact that I'm 100% Disabled with VA and not being able to work. This was also due to almost no debt. My agent called and had other questions about how it could really be possible to give such great rates and have no processing fees. Even after call to verify I was continually told that Sebonic by my agent that this was too good to be true and that this was her first time working with an internet finance company and had only worked with local lenders in Asheville NC. (What is kind of funny is the one lender my real estate broker recommended to me pretty much hung up on me when I asked if they would like to match what was given by Sebonic was proposing.) The one thing I would like to mention is that Sebonic does require you to be pro active if you really want to be informed through out the total process. I know there were times Sebonic/ Cardinal wished I would stop calling for updates however; they did comply when asked and there were times I can recall for both Cortney Burns and Wes Putman responded on emails after hours. That made me feel important. Kind of made me feel a little sorry for Wes Putman my final Loan Processor when I saw he was responding around 11pm on a Saturday for one of my questions. There were times I was stressed during the process but who wouldn't for such a big purchase. My agent says she is not going to use them again due to her being left out of the loop and didn't know what was going on. The funny thing is that when we started working with Sebonic, we had both read how there was a big issue with communication on many reviews. We talked about it and the both of us decided that saving between 2k and 3k for processing fees others would charge made it hard not to go with it. We accepted it was worth the pain in making sure we were on target. The part I think my agent forgot is that if she wanted information or had a question she needed to email or call Sebonic. Sebonic didn't really CC her with all the steps going on. They only sent it to me since I was the only one with the information needed. In the end, I was giving updates to my agent on when the close was going to happen. The agent was always playing catchup ........I think it was partly their fault too in that. Lastly, I ended up with a 200k loan at 3.25% rate for 30 year fixed. I know it's going to be one of the best rates I could have ever got. You should know that with that rate, I did not have to pay one penny out of pocket to close on this house. The Seller paid 3% of close or up to 6k. ( VA home buyer please be aware that sellers can pay upto 4% on a VA loan). Well guess what??? It covered all of my inspections...Everything and I mean Everything! Knowing the real cost that could have been out of pocket for me even with a VA loan would have been around 5k. This was a home run for me and to think It's Memorial Day Weekend. What a great weekend to be sitting on my deck cooking out and drinking a beer. Cheers to everyone involved in allowing me to experience owning my first home. Sincerely, Thomas Army Veteran

By: Thomas (Asheville NC)

Delays, Delays, Delays

It took over 2 months to close after providing all of the paperwork within 1 day of request. Of course there was only a 30 day lock, so they milked another 4 weeks of extension fees out of me. I complained about their tactics and got all but one week of fees reduced. At this time I just wanted to end my misery, so I took their offer just to get rid of them. Very poor business ethics and practices.

By: Delays (Upper Peninsula Michigan)

Great job!

Yes, I recommend this lender

I had a great experience with Sebonic,I was very nervous about using this lender, but after shopping around with local lenders and online lenders, I can tell you that I got the best interest rate and best closing cost and great costumer service from Sebonic. I will definitely recommend Sebonic to all my friends and family. Sebonic did an amazing job!!!

By: Pembroke (Pembroke Pines, FL)
See All Reviews
Herring Bank
Interest Rate
2.875%
APR
3.303%
Monthly Payment
$1,369
(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 $1,369
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,369
Lender Fees $5,841
Lender Credit $250
Total Closing Fees* $5,591
*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

Piece of Cake!

Yes, I recommend this lender

I have worked with many lenders in my time (including banks where I am already an account holder!), and I had been led by those experiences to believe there was no such thing as a good mortgage experience. But Herring Bank and their loan officer, Derek Goss, proved to me that you CAN have a good experience! From start to finish, they were professional, expedient, and friendly. I never felt like I was just a number, and there is no beating their rates or costs. Derek was very quick to respond to all of my questions throughout the process, and he made me feel important. The entire process was quick, convenient, and dare I say, enjoyable. I would definitely recommend Derek Goss and Herring Bank to anyone looking for a pleasant mortgage experience.

By: HerringBankRev (Southern Colorado)

Fantastic Service

Yes, I recommend this lender

We were impressed and very pleased with every aspect of our expierience with Herring Bank. The customer service is amazing and the loan we recieved had an excellent rate and low fees! Thank you Mr. Hanson for all of your excellent work!

By: Anonymous (Pueblo, CO)

Great Bank

Yes, I recommend this lender

Herring Bank was the absolute best when it came to purchasing our new home. I am self employed so it is a little more complicated when financing a new house. I visited with multiple banks and felt like I was getting the "run around" with them. When I contacted Joe Wilson at Herring Bank he was very helpful and simplified the whole process for us. The lending process can be very complicated, but with Herring it was just the opposite. Joe informed me at the beginning that there will be some bumps in the road and to not worry about that, but as far as I am concerned, there were not any bumps. The best experience that I could of hoped for!

By: Jeff (Amarillo, TX)
See All Reviews

5yearARM Rates as low as

Interest Rate
2.625%
APR
2.731%
Monthly Payment
$803
Beacon Financial, Inc.
Interest Rate
2.625%
APR
2.731%
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 $2,785
Lender Credit $0
Total Closing Fees* $2,785
*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
Sebonic Financial
Interest Rate
2.625%
APR
2.981%
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 $2,506
Lender Credit $0
Total Closing Fees* $2,506
*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

New House for a Army Veteran

Yes, I recommend this lender

To Everyone, I want to start off by saying this was my first time buying a house. Due to some disabilities from being in the Army, I never thought I would be able to buy a house. After seeing how low interest rates were with Sebonic/ Cardinal Financial I figured what do I have to lose in trying. With that said, I was informed my 660 score would be enough to qualify me and even if it had dropped to 620, there would be no problem. I was pre qualified for 200k and even a little more if needed. Courtney Burns answered all questions in a very professional response. Now what makes this very exciting for me is the fact that I'm 100% Disabled with VA and not being able to work. This was also due to almost no debt. My agent called and had other questions about how it could really be possible to give such great rates and have no processing fees. Even after call to verify I was continually told that Sebonic by my agent that this was too good to be true and that this was her first time working with an internet finance company and had only worked with local lenders in Asheville NC. (What is kind of funny is the one lender my real estate broker recommended to me pretty much hung up on me when I asked if they would like to match what was given by Sebonic was proposing.) The one thing I would like to mention is that Sebonic does require you to be pro active if you really want to be informed through out the total process. I know there were times Sebonic/ Cardinal wished I would stop calling for updates however; they did comply when asked and there were times I can recall for both Cortney Burns and Wes Putman responded on emails after hours. That made me feel important. Kind of made me feel a little sorry for Wes Putman my final Loan Processor when I saw he was responding around 11pm on a Saturday for one of my questions. There were times I was stressed during the process but who wouldn't for such a big purchase. My agent says she is not going to use them again due to her being left out of the loop and didn't know what was going on. The funny thing is that when we started working with Sebonic, we had both read how there was a big issue with communication on many reviews. We talked about it and the both of us decided that saving between 2k and 3k for processing fees others would charge made it hard not to go with it. We accepted it was worth the pain in making sure we were on target. The part I think my agent forgot is that if she wanted information or had a question she needed to email or call Sebonic. Sebonic didn't really CC her with all the steps going on. They only sent it to me since I was the only one with the information needed. In the end, I was giving updates to my agent on when the close was going to happen. The agent was always playing catchup ........I think it was partly their fault too in that. Lastly, I ended up with a 200k loan at 3.25% rate for 30 year fixed. I know it's going to be one of the best rates I could have ever got. You should know that with that rate, I did not have to pay one penny out of pocket to close on this house. The Seller paid 3% of close or up to 6k. ( VA home buyer please be aware that sellers can pay upto 4% on a VA loan). Well guess what??? It covered all of my inspections...Everything and I mean Everything! Knowing the real cost that could have been out of pocket for me even with a VA loan would have been around 5k. This was a home run for me and to think It's Memorial Day Weekend. What a great weekend to be sitting on my deck cooking out and drinking a beer. Cheers to everyone involved in allowing me to experience owning my first home. Sincerely, Thomas Army Veteran

By: Thomas (Asheville NC)

Delays, Delays, Delays

It took over 2 months to close after providing all of the paperwork within 1 day of request. Of course there was only a 30 day lock, so they milked another 4 weeks of extension fees out of me. I complained about their tactics and got all but one week of fees reduced. At this time I just wanted to end my misery, so I took their offer just to get rid of them. Very poor business ethics and practices.

By: Delays (Upper Peninsula Michigan)

Great job!

Yes, I recommend this lender

I had a great experience with Sebonic,I was very nervous about using this lender, but after shopping around with local lenders and online lenders, I can tell you that I got the best interest rate and best closing cost and great costumer service from Sebonic. I will definitely recommend Sebonic to all my friends and family. Sebonic did an amazing job!!!

By: Pembroke (Pembroke Pines, FL)
See All Reviews
Herring Bank
Interest Rate
2.625%
APR
3.059%
Monthly Payment
$803
(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 $803
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $803
Lender Fees $6,091
Lender Credit $0
Total Closing Fees* $6,091
*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

Piece of Cake!

Yes, I recommend this lender

I have worked with many lenders in my time (including banks where I am already an account holder!), and I had been led by those experiences to believe there was no such thing as a good mortgage experience. But Herring Bank and their loan officer, Derek Goss, proved to me that you CAN have a good experience! From start to finish, they were professional, expedient, and friendly. I never felt like I was just a number, and there is no beating their rates or costs. Derek was very quick to respond to all of my questions throughout the process, and he made me feel important. The entire process was quick, convenient, and dare I say, enjoyable. I would definitely recommend Derek Goss and Herring Bank to anyone looking for a pleasant mortgage experience.

By: HerringBankRev (Southern Colorado)

Fantastic Service

Yes, I recommend this lender

We were impressed and very pleased with every aspect of our expierience with Herring Bank. The customer service is amazing and the loan we recieved had an excellent rate and low fees! Thank you Mr. Hanson for all of your excellent work!

By: Anonymous (Pueblo, CO)

Great Bank

Yes, I recommend this lender

Herring Bank was the absolute best when it came to purchasing our new home. I am self employed so it is a little more complicated when financing a new house. I visited with multiple banks and felt like I was getting the "run around" with them. When I contacted Joe Wilson at Herring Bank he was very helpful and simplified the whole process for us. The lending process can be very complicated, but with Herring it was just the opposite. Joe informed me at the beginning that there will be some bumps in the road and to not worry about that, but as far as I am concerned, there were not any bumps. The best experience that I could of hoped for!

By: Jeff (Amarillo, TX)
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.