Helping Homeowners Across Colorado & Arizona
Frequently Asked Questions About Loan Types
Seeking FHA Home Loans in Lafayette?
FHA mortgage loans have been helping homeowners realize their dreams since 1934. The Federal Housing Administration (FHA) insures the loan, so your home loan lender can offer you low down payments, low closing costs, and less restrictive qualifying credit.
Securing VA Loans for Those in Lafayette
VA loans are one of the safest deals available on the lender market. You do not have to put any money down to qualify for a VA home mortgage loan. If the seller or lender agrees to pay the closing cost, you may be able to purchase the home with no out of pocket costs.
Conventional Home Loans in Lafayette
Conventional loans are the most common our team deals with, and we go to work by trying to find you the best lender and the best rate. Our team is committed to ensuing you get the best possible deal when looking for a home in Lafayette.
Thinking About a Jumbo Loan?
Jumbo loans are a bit more complicated, as they are designed for borrowers who are attempting to purchase a luxury home, or at least a home that is more expensive than others in the same area. However, jumbo loans require higher credit ratings and access to significant assets.
Choosing Liquid Home Loans
When you’re looking for an asset manager liquid loan in Lafayette, keep in mind that you will need access to cash or liquid assets, meaning assets that can be easily converted into cash. At Affordable Interest Mortgage, our team ensures you get the best rate for you.
10 – 30 Year Mortgage Loans
Affordable Interest Mortgage has the tools and financial resources to help you determine which loan period is best for your situation. With a 10 year, you’ll pay more up front but less interest over time. Going with a 30 year will seriously reduce monthly payments, but you will end up paying more over the life of the loan.
Fixed & Adjustable Rate Loans in Lafayette
If you like stability in your payments, choosing a fixed mortgage loan will ensure you always pay the same rate. Choosing an adjustable rate has positives and negatives, as you could pay more or less, mostly depending on market forces.
Choosing a Custom Mortgage
Affordable Interest Mortgage works with the best home loan lenders to get you a highly tailored custom mortgage. As the mortgage is drawn up just for your situation, the odds are you’ll be able to meet all your payment obligations.
Utilizing a Reverse Mortgage
Many older Lafayette residents are considering reverse mortgages — and for good reason. Reverse mortgages help you utilize the value of your home, giving you access to funds you wouldn’t otherwise have. With extra money every month you can make needed home improvements or simply have more cash at your dispose.
Get Pre-Approved Today
Serious about homebuying? Click Below to get started on pre-approval.