Helping Homeowners Across Colorado & Arizona
Frequently Asked Questions About Loan Types
Do You Need an FHA Loan in Englewood? Consult Affordable Interest Mortgage
A Federal Housing Administration (FHA) is a mortgage loan that is insured by the Federal Housing Administration (FHA) and issued by an FHA approved lender. These loans are curated for low to moderate income borrowers, usually require a lower minimum down payment and a lower credit score than most conventional loans. An excellent alterative for borrowers lower than average credit scores and looking to put down only 3.5 percent of the purchase price as down payment, we can professionally arrange an FHA loan for your property in Englewood.
Secure a VA Loan in Englewood
A VA loan is a mortgage loan available through a program set up by the U.S. Department of Veterans Affairs. This home mortgage loan is available for active service members, veterans, and their surviving spouses, enabling them to buy homes with little to no down payment, no private mortgage insurance and also get leverage the use of reasonable interest rates. A one stop solution for empowering military personnel to become proud homeowners, a VA loan has no prepayment penalty if the borrower chooses to
Hire Englewood’s Finest Brokerage Service for a Conventional Loan
A conventional loan is a mortgage loan that’s not sponsored by a federal agency. With a conventional loan, clients in Englewood have to complete a mortgage application process, provide the required documents, and share their current credit score. A conventional loan is perfect for clients in Englewood, as it offers competitive interest rates, gives borrowers an option between adjustable or fixed interest rates, and is flexible enough to be used for all types of properties.
Get a 10 – 30 Mortgage Loan in Englewood by Consulting
A 10-year mortgage loan offers a repayment term of 10 years, while a 30-year mortgage comes with a repayment term of 30 years. A fixed 10-year mortgage loans allow borrowers in Englewood to pay off a loan in a shorter time period, while an adjustable 10-year loan enables you to leverage a low initial interest rate for a set time period. However, if you’re looking for a larger loan amount and reduced monthly payments, then consider choosing a 30 year mortgage loan.
Benefit From a Fixed or Adjustable Rate Mortgage in Englewood
At AIM, our home loan lenders can offer both fixed and adjustable conventional, Jumbo, VA, and FHA loans for funding properties in Englewood. A fixed mortgage basically protects borrowers from sudden, drastic shifts in monthly payments if interest rates rise and are ideal for first time home buyers. An adjustable rate mortgage, on the other hand, comes with an interest rate that can change intermittently. This way, you can capitalize upon falling interest rates without having to pay for closing costs and other fees associated with mortgage refinancing.
Want a Custom Mortgage Solution in Englewood?
We are equipped with years of experience and the necessary skillsets to give us a comprehensive competitive edge in Englewood’s mortgage industry. With custom mortgage loans, you can fund a wide range of residential and commercial properties with loan terms that are centered around your financial standing. From custom VA, FHA, and Jumbo loans to custom refinancing options, we can deliver a personalized value to our clientele in Englewood.
Want a Reverse Mortgage in Englewood?
A reverse mortgage is a type of loan that enables homeowners ages 62 and older to obtain a part of their home’s equity as tax-free income. Unlike a regular mortgage in which the borrowers make payments to the lender, in a reverse mortgage, our home loan lenders send payouts to the borrower. With a reverse mortgage, you can pay off your existing mortgage and secure your retirement.
Get Pre-Approved Today
Serious about homebuying? Click Below to get started on pre-approval.