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| Reverse Mortgages |
| Conventional FNMA/FHLMC Loans |
| FHA Loans |
| VA Loans |
| USDA Rural Development Loans |
| Jumbo Financing |
| Construction Financing |
| Commercial Loans |
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Reverse Mortgages
Ideal for Senior citizens age 62 or higher who are focused on the best strategies for affording retirement and have a limited means. A Reverse Mortage isn't for everyone, but can be very impactful for most and life-changing for those living off of a fixed income that isn't increasing to offset the inflation being experienced by Seniors. We have decades of experience on helping people plan on retirement and understand how and when a Reverse Mortgage fits a circumstance!
Note: This material is not from HUD or FHA and has not been approved by HUD or a government agency.
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Conventional FNMA/FHLMC Loans
These loans are generally the most competitive mortgage products as Fannie and Freddie make the market on Wall Street with Senior Citizens buying the securities for a secure retirement income. Rates can be fixed or adjustable and financing is available up to 97% of a sales price of a home, and a consumer will have the choice of a fixed or adjustable rate without risky features like balloon payments or prepayment penalties.
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FHA Loans
Ideal for the first time homebuyer, or those with some past blemishes on credit who have had foreclosures, short sales, or some other type of credit situation. The loan requires a 3.5% down payment, and has mortgage insurance that is more expensive than that of a conventional loan. FHA loans are assumable at the original rate to a future buyer though!
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VA Loans
Designed to honor the veteran who served our country, the VA loan usually does not require a down payment, does not have mortgage insurance, and offers a loan that can be assumed at some point in the future at the original rate.
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USDA Rural Development Loans
Designed for those consumers buying homes in more remote areas away from the metropolitan areas, and allows for 100% financing. The loan does carry a form of mortgage insurance but it is not as expensive as FHA financing.
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Jumbo Financing
For loan amounts above the FNMA maximum (generally $417,000 in Colorado, although $474,550 in Boulder, and $458,850 in the Denver metro area), a consumer can finance loan amounts above that with financing at a slightly higher rate than a normal conventional loan.
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Construction Financing
Although we do not do the construction type loans, we issue the permanent take out loan which is done at the end of the construction process when the certificate of occupancy is issued by the local building authority. We are very versed on the construction process and can help you understand the options, and provide reliable names for local Banks/bankers who can help you with this process.
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Commercial Loans
Typically issued by banks or through some CMBS lenders (commercial mortgage backed securities) on Wall Street, these loans are for the purchase or conversion of more complex real estate transactions. We are very versed in this type of loan and can guide you to reliable sources based on experiences that we have had.
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