First Time Home Buyer Loan & Financing Options in Denver

First Time Home Buyer Loan & Financing Options in Denver

Are you a 1st time Denver homebuyer? Many first-time homebuyers in Denver struggle to compile down payments for houses as they don't have assets to sell to gain the cash for them. Don't worry, there are many options for down payment assistance, especially for first time homebuyers. Read further to find out more about what we offer to first time homebuyers at US Mortgages in Denver.

Need down payment assistance on your first home?

Are you considering buying your first home in Denver and need first time home buyer assistance? You aren't alone. With median condo prices in Denver coming to $278,000, it is estimated that the average Coloradoan will have to save for up to 16 years to afford a down payment on a Denver home. We can help! At US Mortgages, we offer first time homebuyer loans and down payment assistance when they are in certain circumstances, under certain conditions. Many cities offer affordable housing ownership programs to boost home ownership in certain areas, but the resources these programs can be depleted quickly or contain an insurmountable amount of red tape. Fortunately, there are several programs we offer at US Mortgages to help better understand mortgages for all of you first time buyers in the Denver area.

A USDA loan can help you move into a home for as little as no money down. For many people living in the increasingly crowded urban areas of Colorado, an escape from the city is appealing to many potential homebuyers. Designed to increase the population of rural and suburban areas, a USDA loan offers homebuyers the chance to move into a rural Colorado home, now more affordably than ever.

Are you a veteran or military spouse? Take advantage of incredibly low interest rates, and $0 down payments on a Denver home, with a VA Loan through US Mortgages.

We can help you get a down payment to buy your first home!

Contact US Mortgages in Denver to learn more about the first-time home buyer down payment assistance we offer to first time home buyers. Provide us your contact information and we'll return your call to answer your questions as soon as we can, or give us a call directly for more information on first time home owners loans in Denver.

Pre-Qualify In Minutes, With No Impact To Your Credit Score

With just some basic information, you are on your way to your new Home. In most cases, our agents will call you in a few minutes to get things started. In some rare events it could be up to 24 hours. We always try to call between 8am and 5pm MST, so we don’t disturb you after hours. If you would prefer we did call outside those ours, please just add in a note and we will be happy to oblige.

Why should I get pre approved for my home loan or refinancing?

Home loan pre approval in Denver simplifies the loan process. Preapproval allows a lender to see a full 360 degree view of the borrower's financial situation, enabling us to advise borrowers on all home loan considerations. This helps us identify which loan we offer is the best fit for the borrower. Prequalification allows borrowers to pursue the loan that's best for them and their financial situation.

How can I get ready for home loan prequalification in Denver?

Excellent question! A great place to start is by understanding what lenders look at. For the most part, lenders look at 4 things. The first is your FICO credit score which includes your payment history, credit utilization and the length of your credit history. The second is your income with respect to your monthly housing costs. The third is the number of current loans you have and their status. The fourth and final thing lenders consider is the percentage of the cost of the home you're looking to purchase that you can put as a down payment. Get ready for prequalification by understanding your status in these areas and identifying what you can do to improve them before buying a home.

About US Mortgages

US Mortgages has been securing mortgage pre approval in Denver for over 20 years. Let us know how to reach out to you, or give us a call today.

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Pre-qualification means one of our mortgage specialists will contact you. This does not represent an offer to enter into a loan agreement. Loans subject to credit and property approval. Normal credit qualifications and other terms and conditions apply. Not all loan products or terms are available in all states.