Whether you’re buying a home or ready to refinance, our professionals can help.
Over 15 years ago we decided to be one of the first mortgage companies to allow our clients to get rates and costs online with our online rate quote tool. This transparency has helped us build trust with our clients and empowered them to take control of the mortgage process and with guidance from our highly experienced Mortgage Advisors make informed decisions on what loan structure works right for their specific situation.
The State of Colorado has seen significant increases in its real estate market in recent years. Now may be the perfect time to enter the Colorado market. If you are considering buying a home in Colorado and plan to obtain financing, you need to put in the effort to acquire the best mortgage rate.
Shopping around for current mortgage rates will help you save money in the long term. Sammamish Mortgage has been serving Colorado home buyers since 1992 and can provide you with a competitive mortgage rate today. Contact one of our mortgage professionals to learn more and check out our mortgage rates today for your Colorado home.
It’s no surprise that many new buyers are entering the market in the State of Colorado. Colorado’s real estate market has come a long way. This is due in part to the state’s growing economy, scenic beauty, and its many other attractive features. Colorado has a few cities which are among the more attractive in the country. Denver, for instance, routinely ranks high on many indices of quality of life. Colorado has several other highly attractive cities as well, including Fort Collins, Boulder, and Colorado Springs.
Currently, as of March 2025, Colorado has a statewide median home value of approximately $540,789.
Colorado has plenty of lovely parks and opportunities for outdoorsmanship. Just to the west of Denver, you’ll find Rocky Mountain, National Park. Just north and south of Rocky Mountain you’ll find Arapaho & Roosevelt National Forests. And a bit further west you’ll find Medicine Row-Routt National Forests.
The Rocky Mountains themselves are a marvelous sight, and there’s no shortage of opportunities to ski and hike all throughout the state. Colorado’s economy also has plenty of bright spots. The city’s growing tech sector has done a lot to attract talented professionals from across the country. View Colorado Market forecast for 2025.
Your rate quote is based on a variety of factors (including your credit score, down payment, and purchase price) and delivers the most accurate results possible based on your inputs.
One of the big advantages of applying for mortgage rate quotes and pre-approval through Sammamish Mortgage is that we charge none of the traditional lender fees added by mortgage brokers.
Our Loan Officers are motivated to help you find the best home loan in Colorado, not just sell you the biggest loan.
If you are ready to move forward, you can view rates, obtain a customized quote using our Instant Rate Quote tool, or apply for pre-approval directly from our website.
Sammamish Mortgage makes use of an innovative software platform that provides you with an instant rate quote. The system does this by comparing multiple lenders and investors from across the US, providing real-time results. All you need to do to get your rate quote is to input a few pieces of information, and within seconds, you’ll receive an accurate breakdown of the interest rates and costs available for you. You won’t have to supply any personal information to obtain this data, either. The mortgage experts at Sammamish Mortgage always work to ensure that the premier interests of our clients are always met.
The term “loan purpose” is used in the mortgage industry in the US to describe the reason why an applicant is looking to apply for a loan. The lender will use the purpose of the loan to make decisions on the risk level of the borrower. The loan purpose could also affect the interest rate offered by the lender. The most common examples include purchase, rate/term refinance (no cash-out refinance) and cash-out refinance.
The down payment refers to the equity amount that the buyer puts towards the purchase price of a home. For instance, a home being purchased for $500,000 with a $100,000 down payment means the buyer will have 20% equity in the new home. In general a larger down payment results in better rates and closing costs for your loan. Down payments below 20% usually require some form of mortgage insurance which would be an added cost to you. The exception is for VA financing.
This term refers to the amount that the borrower must pay back to the lender as stipulated in the loan contract. The loan amount is one of the main factors in determining what rate and loan program you’ll be eligible for. For the most common loan programs such as conforming or FHA financing there are loan limits. Anything above those limits results in a borrower being ineligible for that program and subject to different rates and fees. In general VA loans have the most competitive terms followed by conforming loans and select jumbo loans for really qualified borrowers or high net worth clients.
A credit score is a numerical figure that expresses the creditworthiness of a consumer. A higher credit score is better when it comes to taking out a loan, as it reduces the lender’s risk when loaning out funds. A credit score is affected by repayment history, number and age of open accounts, total debt levels, and credit utilization. Credit is a key deciding factor in determining what rates and costs you’re eligible for. High credit scores over 740 will get you the great rates available. Adjustments to the terms available for most loan programs occur in 20 point increments. For example the second leading credit score range would be 720-739, then 700-719 and so on. Once your scores drop below 640 the programs you will qualify for will be severely limited.
The purchase price refers to the price that a buyer pays for a property.
Property type refers to the characteristics and configuration of a dwelling. For instance, detached homes, townhomes, and condos are all examples of different property types. Single Family Home will have the most competitive terms when compared to other property types. Provided you put down more than 25% condos will be second leading followed by multi-family 1-4 units. Properties like co-ops and manufactured homes will usually have higher rates and it will be more difficult to find lenders that will accept those property types.
Occupancy refers to the status of the people living in a home. For example, a home may be occupied by the owners, or by tenants who pay the owner rent in exchange for the right to live in the home. Owner Occupied homes will have the great rates followed by second homes (vacation homes that are not rented) and investment properties which include any property that does not fit the classification of a primary residence or second home. This includes rental properties, homes a family member occupies for free or a speculative property that is vacant.
A loan program or loan type refers to the type of loan being taken out to finance the purchase of a property. In the US, common mortgage loan programs include fixed-rate mortgages, variable-rate mortgages, conforming loans, FHA loans, and VA loans. Fixed-rate loans can come with different terms such as a 30 year fixed, 20 year or 15 year fixed. ARM’s or adjustable rate mortgages are usually fixed for a specified period of time and then adjust annually after the initial fixed rate period.
If your instant rate quote isn’t what you expected, we can provide counsel on how to potentially transform your quote into something more acceptable. Sammamish Mortgage is a family-owned mortgage company with over 30 years of experience in the industry. We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR, CO and CA. If you’re looking to buy a home in one of these states, we can help!
We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR, CO & CA. If you’re looking to buy a home in one of these states, we can help!
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