Conventional Home Loans in Denver
Finding your dream home is only half of the process of making a new home purchase. Once you find the perfect home for you, it is easy to become overwhelmed with the idea of actually paying for it. US Mortgages is dedicated to making the process of attaining a mortgage as affordable, straightforward, and simple as possible. When you borrow from us, you can rest assured that you're working with the best mortgage lender in Colorado.
US Mortgages offers various kinds of conventional loan rates available in Denver to prospective homebuyers. How can a conventional loan help you reach your financial goals and improve your family's quality of life? Learn more about the conventional home loans US Mortgages in Denver offers, and get a feel for if you may qualify.
How is a conventional loan defined?
A conventional loan is most easily defined by what it is not. Conventional home mortgage loans are not backed by the US Government in any way. This contrasts with other loans offered by US Mortgages in Denver, including FHA Loans and VA Loans.
Who is eligible for a conventional loan?
Roughly 60% of all conventional mortgage applicants in Denver seek a conventional home loan. The conventional loan requirements include down payments as low as 3%, though mortgage insurance is required until home equity is built to a minimum of 20%. Denver homebuyers who qualify for conventional loans rates must have a maximum debt to income ratio of 43%. However, exceptions can be made for people in different financial situations. Find out if you're eligible by seeking a pre-approval from US Mortgages.
The housing market is growing stronger than ever. Over the past ten years, Colorado has become one of the nation's premiere destinations for prospective homebuyers. Now is the time to take advantage of historically low interest rates, and purchase a home.
Want to know if a conventional loan is available to you? US Mortgages in Denver will ensure that a conventional loan will be best for your financial standing or we won't do the loan. Provide us your contact information online and we'll get back to you as soon as possible. You can also call us for immediate guidance on if a conventional loan is right for you.