Mortgage Info

Mortgage Info

happy-smiling-young-couple-showing-a-keys-of-their-new-house_SqWc-qszZM

 

 

If you’re like most buyers, a home is the most expensive purchase you’ll ever make, and you’ll probably need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.

We would be happy to refer you to some very good mortgage contacts we have in Colorado Springs, or to help you in any other way we can to secure the best possible rate for your home purchase.

Use the mortgage calculators below to assist you in making some decisions around financing your new home.

PREFERRED LENDERS

bank of the san juans logo
Ent Logo Mortgage Lending
Navy Federal Credit Union Logo

30 years of experience with the VA allows us to offer benefits like “Elite” VA mortgage rates, credits toward your closing costs, one of the fastest application+approval+closing systems in the industry.  We appreciate your service to our country.  You took care of us, so we will take care of you

Steven & Sarah Lodwig –  steven@loanmetro.com

We exist to help people achieve their dreams.” That pretty much sums up how Bank of the San Juans does business.  For you, it means offering the very most competitive VA and FHA rates and fees in town and a variety of mortgage financing, including VA, FHA, Lot and Land Loans, Construction Loans and CHFA Down Payment Assistance loans. For us, it means serving Colorado Springs with a brand spanking new branch, at 25 North Spruce Street. We gutted the old VA Regional building and built a gorgeous facility. Downtown, loads of parking, right next to I-25. What a great place to start dreaming big, at One Big Happy Little Bank.

Kelly O’Brien – KOBrien@banksanjuans.com

Ent’s Lock and Shop program allows our members to feel secure while shopping for homes, knowing their rate is protected. We do not charge loan origination fees and can close within 25 days of going under contract! We look forward to working together with you to help get you into your new home!

Shirley Stange – SStange@Ent.com

Navy Federal Credit Union is the World’s Largest Credit Union and is committed to being a trusted resource in meeting the specific Lending needs of the brave men and women of the United States Armed Forces who serve, or have served our country with resolute sacrifice. We not only recognize the sacrifice of our military but their family members as well. Our Field Of Membership includes any Department of Defense Employees, veterans, active duty military, and immediate family members (parent, sibling, grandparent, spouse and child) 

I have been in mortgage lending for 22 years and worked closing with Veterans, Department of Defense contractors and civilians, using my experience and knowledge to help them with all their mortgage needs. From VA/ FHA and Conventional loans and access to 100% Financing loan programs. Navy Federal Credit Union is a National lender locally based, specializing in purchase and refinance needs across the United States- and because we are Not for Profit there are no junk processing fees and We Service all our loans for the full life of the loan. 

Marisol Gerth – Marisol_Irizarry_Gerth@navyfederal.org

Mortgage Programs

CHFA Down Payment Assistance

Homebuyers using one of our first mortgage loan programs to finance their home purchase are eligible to use CHFA assistance options to help with down payment and/or closing costs. Even if you contribute towards a down payment, you may still use one of the options below.

​Homebuyer Education

CHFA sponsored homebuyer education in-person and online. 

Down Payment Assistance Grant * 

  • Up to 3 percent of your first mortgage**  
    (Example: Get up to $6,000 on a $200,000 mortgage)
  • No repayment required
Second Mortgage Loan*
  • Up to 4 percent of your first mortgage** 
    (Example: Get up to $8,000 on a $200,000 mortgage)
  • Repayment of loan balance deferred until certain events, such as payoff of your first mortgage, or the sale or refinance of the home. 

How To Get A CHFA Loan

Click here to learn more about program requirements and next steps.
 ​​     * Higher interest rates apply

    **For a 30-year, fixed-rate loan

Single Family “Turnkey Plus” Mortgage Program

El Paso County Turnkey Mortgage Program

Read more on the El Paso County Website

Mortgage Calculator

$

5%

1%

5%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Need More Mortgage Info?





    Skip to content