* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment
Think you want to buy a home in Colorado? This is a great place to start. Sammamish Mortgage can help you secure your dream home in Denver or Colorado Springs, starting with our easy, secure loan application process that you can start online or with the help of a professional Loan Officer.
Mortgage rates in Colorado depend on a variety of factors:
To get a great mortgage rate, you need an honest, reputable mortgage lender. Look for mortgage lenders that are Experience Loan Officers. This will help you get the right loan for your situation and not one bigger than you can really afford.
When it comes to real estate, Colorado borrowers have access to many different types of home mortgage options.
A 30-year fixed-rate loan is one of the most popular types of mortgages, since it lets you spread out the cost of buying a home in Washington for a reasonable monthly mortgage payment.
A 15-year fixed-rate mortgage features a fixed interest rate and consistent payments over a 15-year term.
ARMs are loans where the interest rate starts low and adjusts periodically based on market conditions.
VA loans are designed for veterans, service members, and surviving military spouses. Qualifying borrowers can get a home loan with no down payment.
FHA loans are designed for low-income or first-time home buyers who may not have perfect credit or a big down payment. You can achieve home ownership sooner than you think.
Jumbo loans can help qualify you to buy a home in a more expensive part of the country, even if the price of the home is higher than conventional loan limits.
Bridge loans refers to short-term financing that helps cover costs until long-term funding or a property sale is finalized.
Self-employment mortgages are designed for borrowers who earn income through business ownership or freelance work.
Bank statement loans use bank deposits as proof of income instead of traditional tax documents.
Asset-based loans are a type of financing that is secured by personal or business assets rather than just income or credit score.
DSCR loans are a type of investment property loans approved based on the property’s debt service coverage ratio rather than personal income.
1099-only loans are tailored for independent contractors who verify income solely through 1099 forms.
First-time buyer programs are Special loan options offering lower down payments or incentives for new homeowners.
Investment loans are a type of financing designed for purchasing rental properties or real estate intended to generate income.
Second home mortgages are designed for buyers looking to purchase a vacation property or secondary residence.
A Cash Buyer Program lets homebuyers make an offer without the usual financing contingencies required with traditional mortgages. With the Sammamish Mortgage Cash Offer Program, buyers can take ownership immediately and avoid the risk of paying high excise taxes that may apply when a title is transferred from a third-party purchaser.
A mortgage in Colorado is a home loan that allows you to purchase or refinance property while using the property as collateral.
On average, closing takes about 30 to 45 days, though some lenders can close faster.
Yes, most lenders include property taxes and homeowner’s insurance in your monthly payment.
Mortgage rates vary daily based on the economy and your financial profile, but Colorado rates generally align with national averages.
Yes, veterans and active-duty military can use VA loans with no down payment and no mortgage insurance.
Yes, USDA loans are available in designated rural areas of Colorado for low- to moderate-income buyers.
To get pre-approved, you’ll need to submit income, asset, debt, and credit information to a lender for review.
Generally speaking, you need pay stubs, tax returns, bank statements, photo ID, and information about your assets and debts.
While not required by lenders, home inspections are highly recommended to protect buyers from hidden issues.
Yes, private mortgage insurance (PMI) is required if you put less than 20% down on a conventional loan. It’s also needed with FHA loans, regardless of the down payment amount.
Yes, lenders may charge origination fees, underwriting fees, and other costs that vary by institution. That said, some lender fees are much lower than others. Sammamish Mortgage, for instance, only charges $1 lender fees.
Yes, homeowners can borrow against home equity through cash-out refinancing, subject to lender approval.
Sammamish Mortgage makes an ideal choice for Colorado borrowers for several reasons, including $1 lender fees, competitive rates, in-house underwriting, and hundreds of positive client testimonials.
Our loan officers are ready and waiting to help you apply for your home loan.
Whether you’re buying a home or ready to refinance, our professionals can help.
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