At Affordable Interest Mortgage, we specialize in providing mortgage loans and offering step by step guidance for buying a property in Colorado. With over two decades of experience in the mortgage industry, we can help you find condominium, townhouse, and single family home loans that fit your specific needs. From arranging down payment assistance programs to keeping the entire documentation process paperless, we’ve carved our position as one of the finest mortgage brokerage services in Colorado. So, whether you need first time home buyer loans or investment property loans, make sure to consult AIM.
Secure a Single Family Home Loan by Hiring Our Licensed Loan Specialists
A single family home loan is a mortgage secured on a real estate property designed to be used as a single dwelling unit. Our single family home loans include a variety of options, including an FHA, VA, conventional, or a custom mortgage that fit your needs. An FHA loan is easier to qualify for and requires a lower down payment, while a VA loan allows qualified veterans and service members to leverage competitive interest rates and purchase a single family home without putting down a down payment.
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Buy a Condo or Townhouse in Colorado With Condominium Loans
A condo or townhouse loan entails special requirements. Our loan specialists in Colorado can help both first time home buyers and investors in securing a custom mortgage deal. A mortgage lender typically tends to have certain rules for approving an FHA condo loan or review HOA delinquencies and pending legislations for approving a conventional condo loan. Equipped with years of experience, we can help arrange either a 15 or 30 year FHA loan, a VA loan, or even conventional townhome loans for purchasing a property in Colorado.
A Reliable Mortgage Solution in Colorado for Arranging First Time Home Buyer Loans
There are a variety of problems that first time home buyers face, including issues with imperfect credit scores, failing to have enough money for a down payment, or having an inconsistent employment history. With a traditional mortgage, clients are usually required to put down 20 percent of the home’s purchase price as a down payment. It can, however, be challenging for most first time home buyers to arrange a 20 percent down payment. Familiar with the problems our clientele faces, we can help arrange a conventional or FHA loan where the minimum required down payment is 3 percent of the purchase price.
Finance an Investment Property in Colorado by Securing Investment Property Loans
An investment property in Colorado is a piece of real estate that is bought or developed to earn income by renting or leasing it out to others. We can help arrange investment property loans that can finance multiple properties, have a higher loan balance, don’t have requirements like FHA loans, and leverage the use of a reasonable interest rate. Known for bringing forth a unique combination of our experience and expertise, we can help our clients in Colorado secure investment property loans through a seamless process.
Qualify for Vacation Home Loans in Colorado With AIM
A vacation home is generally defined as a secondary residence, which is at least 40 miles away from your primary residence. With buying a vacation home being a major financial decision, you can eventually generate rental income, build home equity, take advantage of tax breaks, and prep for retirement by purchasing a vacation home. From helping you with taking out a new loan to guiding you to choose a cash out refinance as an option, our loan specialists can help you get approved for vacation home loans in Colorado.
Do You Need Down Payment Assistance in Colorado?
At Affordable Interest Mortgage, we provide down payment assistance for buying both residential and commercial properties in Colorado. Our down payment assistance programs have preset perquisites, which includes:
- Available for first time home buyers
- Buyers should have low to moderate income
- The property should be your primary residence
- The property should be in a ‘targeted’ census tract
Figure Out Monthly Mortgage Payments in Colorado with Our Loan Calculator
Our mortgage calculator also takes into consideration PMI (private mortgage insurance) and town property taxes, giving you a complete overview of your monthly mortgage payments for your property in Colorado. It can be utilized to determine monthly payments of a home mortgage loan, based on the following factors:
- Home’s sale price
- Buyer’s down payment percentage
- The term of the loan desired
- Loan’s interest rate