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Purchasing a Home Has Never Been Easier

US Mortgages makes your home ownership goals simple.

Get Pre-Approved within 24 Hours

What are the Steps to Buying a Home?

Here’s a breakdown of the home-buying process. You can swap a couple of the steps like getting pre-approved before finding an agent, but you don’t want to find the perfect place before getting pre-approved, only to have a better-prepared buyer beat you to the punch.

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Step 1
Check your credit report and score, and if necessary improve your score
Step 2
Figure out how much you can afford
Step 3
Save for down payment, closing costs.
Step 4
Get pre-approved by a lender and find a real estate agent
Step 5
Start looking at homes and make an offer
Step 6
Close on your new home
Are you ready for your dream home?
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What Makes US Different?

Whether you're looking to buy a single-family home (attached or detached), or maybe something a little smaller in Denver, Colorado Springs, Fort Collins, Boulder, or beyond, US Mortgages has the products, programs, and guarantees to make it simple.
Mortgage Companies in Colorado and Mortgage Lender Denver CO
We're the Fastest Loan in the West

Our clients appreciate our fast turn around times; some of the fastest in the industry. For most home loans, the entire process from application to close takes as little as a few weeks.

Mortgage Lender Denver CO and Reverse Mortgage Colorado

If your credit is less than perfect or maybe newly established, don’t stress, talk to US first! We help people in Colorado buy their dream homes, even with less than perfect credit.

FHA Loan Colorado and Best Home Refinance Companies

We make home buying dreams come true with innovative programs like our Investor Edge™ to help buy rental properties without proving income.

Home Buying FAQs

Can I buy a home and sell my current one at the same time?

The short answer is yes but it does include some risk. If you buy a new home before you sell the own you already own, you may find yourself financially overextended. Consequently, If you sell your home before you close on your new home, you may need to rent during the interim. However, there are ways to successfully do both at the same time. Be sure to ask your realtor, your Personal Mortgage Advisor, and your attorney for more information related to your particular real estate transactions.

How quickly can I close on a mortgage?

Typical escrow periods can range from 30 to 45 days but with US Mortgages, you can go from Application to Close in as little as 10 days! Having your required income documents (W2s, pay stubs, and tax statements) readily available can help expedite the process. Consult with your US Mortgages Personal Mortgage Advisor for more tips towards a speedy close.

Can I keep my current home and use rental income to qualify for a new home?

The short answer is yes. However, qualification factors will be different depending on the loan program you choose. You should consult with a US Mortgages Personal Mortgage Advisor for more information.

How do I determine how much home I can really afford?

It depends on your income versus your other financial obligations (debt). You can determine your purchasing power by using the US Mortgages Home Affordability Calculator. This will analyze your monthly income, living expenses, liabilities reported on your credit report (car payments, credit cards, etc.) and the amount of funds available to purchase (savings, gifts, etc.).

How do I find out if I qualify to buy a home?

Several different factors are used. We suggest getting started by contacting a US Mortgages Personal Mortgage Advisor who can walk you through the qualification process for buying a home and answer any additional questions you might have including:

  • Reviewing Credit
  • Obtaining Income information
  • Reviewing the funds that will be used to purchase
  • Getting a verified Pre-Approval
How do I start the process of buying a home?

Get a Verified Pre-Approval: Unlike a pre-qualification, a verified pre-approval will look at your actual credit history along with verifiable income and assets to determine your true ability to repay a mortgage. Having a pre-approval helps you understand how much you can afford before you actually start looking for a home. It also carries far more weight than a pre-qualification in the eyes of a seller and can help you more effectively compete against cash buyers.

Find a Real Estate Agent: Find a real estate agent who represents the buyer and who knows the areas that you’re looking to purchase a home in. The agent advertising a property or working at an open house is usually the “Listing Agent” and represents the seller. A "Buyer’s Agent" works just for you, the buyer and represents your best interest in the transaction. You always want someone who will represent your interests as the buyer, especially in such a large transaction as buying a home.

Start Looking for Homes: Once you have your Verified Pre-Approval and have a Realtor, you can start shopping in your budget range, either through your agent or online. Think about how many houses you'll need today and how many houses you'll need in the future to determine the number of bedrooms, bathrooms, preferred location, size of the property and the style of home that you want. Compare neighborhoods, school districts, and compare the value for the money. Look at as many homes as you need to before making the decision to buy. A good real estate agent may also know about homes that aren’t even on the market yet. These are called "pocket listings" and you may be able to get the jump on your competition.

How much down payment do I need to buy a home?

Down payments will vary depending on the loan program, your credit profile, as well as your income and asset qualifications. A down payment for a typical conventional loan may be 20%, however, there are programs like FHA that require as little as 3-1/2% down. If you're a veteran, you may be eligible to buy a home with zero money down and zero out of pocket costs. There are also down payment assistance programs like the US Mortgages Home. Made Simple™ where qualified borrowers can get up to $22,000 towards their down payment. Find out more by contacting a Personal Mortgage Advisor today.

Are loans available for lower income earners?

Yes, there are many programs and products available for low-to-moderate income earners including down payment assistance programs. There are often local grants available on a city by city basis as well as federal and state programs.

Can I qualify to buy a home if I don't have established credit?

Yes. There are programs and products available for home buyers with new or limited credit profiles, especially for first-time home buyers. If you haven't established credit at all talk to an accountant or a Personal Mortgage Advisor on the best ways to start building credit.

What’s the difference between a “second home” and an investment property?

It’s important to understand the distinction between a second home and an investment property since it will most likely affect the type of home loan you'll qualify for.

A “second home” is a single family house, condominium, or townhouse that you intend to live in for part of the year, in addition to your primary residence. Usually, second homes are used as a vacation home. With a “second home loan,” you need to qualify for both your first home and your second home without consideration for potential rental income. Interest rates on second home loans are usually the same as traditional mortgages.

The classification of “investment property” is used when you are buying the property strictly to rent out for additional income whether it's a traditional long-term rental or the increasingly popular short-term rental. To determine if you qualify, your lender will need to know the rental history of the property or the property's rental income potential. Mortgages for investment properties commonly have a higher interest rate than is charged for second home loans due to the risk of inconsistent rental income.

Are there tax benefits to buying a second home?

The mortgage interest tax on your second home may be deductible but there may also be deduction caps and limitations. We recommend talking with a tax professional for more information.

Should I use an ARM (adjustable rate mortgage) when buying an investment property?

In addition to the traditional fixed-rate mortgage, there are two types of ARM loans; a fully amortizing ARM and an Interest-Only ARM. A fixed rate mortgage has the same payment for the entire term of the loan, unlike an adjustable rate mortgage (ARM) that has a more competitive starting rate that can change after the fixed period, which could increase or decrease your monthly mortgage payment. If you're only going to have the investment property for a few years, you may consider the ARM loan. If you plan on having the property long term, it may make sense to finance the property over a longer period of time with a rate and monthly payment that's consistent.

Can I use my IRA when buying a second home or investment property?

Yes. You can use a “Self-Directed IRA” to purchase a vacation rental or rental home. There are some federal guidelines to consider when using your IRA and it’s important to check with your tax professional or CPA to understand all requirements and restrictions beforehand, as there may be a loss of IRA benefits.

Can I use a co-borrower when buying an investment property?

Yes, co-borrowers can assist you in purchasing an investment property, especially if your debt-to-income ratio is too high to purchase the investment property on your own. Buying an investment property with a co-borrower is a little more complicated than buying a primary residence. We suggest talking with a Personal Mortgage Advisor for more details.

How many investment properties can I finance at one time?

Qualified investors can finance up to 10 properties simultaneously. There are specialized products available like US Mortgages Investors Edge Financing™, which allows you to pay cash when buying the property for a competitive advantage and then refinancing the property in less than the usual six months, so you can take the cash and do it all over again.

Who's Denver's Favorite Mortgage Company?

We like to think it's US but don't take our word for it. Hear first hand why Colorado homeowners talk to US first!
I had the opportunity to work with Mr. Todd W. on obtaining a home loan. I was extremely pleased with this experience! His professionalism and incredible knowledge of this process made what could be a very stressful time, very relaxing and stress free! I will always use and highly recommend Mr. Todd for any and all lending needs!
Dawn W.
Denver, Colorado
Wilson has helped us with 2 refinances and been great to work with. He came up with a solution to save us hundreds of dollars both times. He was was very helpful and addressed all our questions and concerns quickly
Julie R.
Lakewood, Colorado
My husband and I purchased a home using US Mortgages and was extremely pleased with Jeanette I** and Wilson T. They were concerned when necessary and continually updated us on status of paperwork, contracts, and items dealing with our purchase. I would recommend them to anyone who is going to buy a home.
Veronica B.
Denver, Colorado
There are a lot of choices in mortgage companies out there, and finding the right one is critical. This is a big purchase! I was fortunate enough to have found Dave M. at US Mortgages. Dave walked us through the process, got us a great deal on our refi and got it done in a very timely manner, at great rate. Do yourself a favor - when you need a mortgage, there is only one person I would go with - Dave M. with US Mortgages!
David M.
Denver, Colorado
I worked with George H. at US Mortgages, he was awesome, was on top of everything and kept me informed with the progress. Once he got the OK to close from underwriting I had a notary at my house that evening signing the papers.
Keefe & Kathleen R.
Centennial, Colorado

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