Not every borrower buys within Fannie Mae Loan Limits in Colorado. Being a Colorado Mortgage Broker, we know how expensive it has gotten over the last few years.

We can help you with programs that go up to 4 million

Bank Statement loans for the self employeed in Colorado.

Have you been told you can get an FHA loan or any kind of mortgage only to be told several weeks later that they can't give you what they promissed?

There is a lot of incompentcy in the industry in Colorado. Many Loan Originators in Denver, Aurora and other cities lack basick guideline knowedge. I believe that nowledge creates customer satisfaction, and that's what we specialize in.

Need a low down payment for your Colorado Home Mortgage? Do you need help with closing costs? We allow the seller to help you with your downpayment and closing costs in any city in CO.

Work with us, we are experts in creative financing. If there is a way to get it done for you, we will.

The typical score for a VA loan is 640, but with a reduction in loan amount you may be able to buy a house with a score as low as 600. We've done it!

Full VA bennifits are zero down payment and allows a 4% seller concession, that means the seller can pay your closing costs if they are willing.

Conventional loans require a 5% downpayment or more depending on the loan product. If you are doing bank statements you may have to bring 10% down, or if you are buying a jumbo mortgage in Colorado, you may have to bring 10% down, but that's just here with us, some companies may charge more.

The minimum credit score for a Conventional loan is 620. Jumbo Loans may require a 680 credit score depending on the document type.

Fannie Mae just raised County Loan Limits again. Here is a chart to see if you qualify for FHA. FHA is typically 3.5% down, but we have a zero down FHA product, but not all shoes fit. If that's the case, we allow the seller to help you with a "Gift of Equity", they can also pay your closing cost on FHA up to 6%

Would this help you?

580 Middle score for zero to 3.5% down carry Mortgage Insurance for life of the loan.

500 Middle score with 10% down, carry Mortgage Insurance for 11 yrs

This is your basic sub-prime loan, the difference is that we ask you to prove your income, that's not just with us, it's anywhere in the U.S.

Non-QM means a higher interest rate, but it is a scratch and dent loan. So if you have a late payment or two and need to refinance, you can.

If your score is a little low, one of these programs may be the shoe that fits.

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There are three bureaus. They are Experian, Equifax, and TransUnion

How to get points by paying collection accounts

We pull all three scores, each bureau will give you a different score based on the scoring model is uses and the creditors that report your credit with them. Not every creditor report to all three bureaus.

We will recieve three credit scores. We dissregard the highest score and the lowest score and use the middle credit score as your "Score". This middle score will help determine your interest rate and payment.

Please use the links above to get a free account with all three bureaus so you can keep up with the changes in your credit score.

You should know that between 30% to 40% of your credit score is based on your credit usage. This means your credit cards. You should never spend more than 30% of your available credit. If your max is $300.00, only spent $90.00 and this must include any monthly fee you will be charged.

If you need to spend more than 30% each month on your cards, get another card so you can spread your spending out to other cards to avoid going over the 30% threashold.

Going above the threashold can cause a deduction of points, as high as 15 points per card that is over useage. Keeping them under 30% useage can help you gain points each month.

If you have LVNV as a bill collector on your credit report, they may settle with you, but even better, they will delete their collection account from your report on all three bureaus as part of their payment plan.

We did this on a credit report and recieved 50 points per deletion and that raised the score 100 points. This is huge.

Ask your collection companies if they will do this for you. Getting a higher score will help you buy more house, and if you are shopping in Colorado, you will need every penny you can get so your family can live in comfort.

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