Conventional Loan Programs Available In Colorado

Colorado Conventional Loans are secured by government sponsored entities or GSE's such as Fannie Mae and Freddie Mac or by private investors for loan amounts higher than the limits set by the GSE's. Conventional loans can be made to purchase or refinance homes with first and second mortgages on single family to four family homes.

In general, Fannie Mae and Freddie Mac's single family, first mortgage loan limit is $333,700 in 2004. This limit is reviewed annually and, if needed, changed to reflect changes in the national average price for single family homes. The current loan limit applies to all conventional mortgages delivered after January 1, 2004.

In addition to common loan structures such as fixed rate, adjustable rate and balloon loans, Fannie Mae and Freddie Mac also have loan programs for low to no down payments, community lending and affordable housing initiatives, construction to permanent, home improvement and reverse mortgages

• Fixed Rate Mortgages for Colorado Borrowers
• Adjusted Rate Mortgages for Colorado residents(ARM)
• Standard Colorado Mortgage ARM Loans and the Differences
• Introductory Rate Colorado ARM's
• Colorado Reverse Mortgages For Seniors
• London Inter Bank Offered Rate(LIBOR) and How They Apply in Colorado
• Colorado Balloon Mortgages, What Are They
• Interest Rate Buydowns For Colorado Borrowers, Pros and Cons
• Cost of Funds Index (COFI) and What They Mean In Colorado
• The Colorado Loan for Graduated Payment Method (GPM)
• Choosing The Best Program For Your Colorado Home Loan

If you have any questions about a Conventional Loan programs or any other loan, please feel free to contact us at (888) 694-0544 today to speak with a Colorado loan consultant or fill out our "Colorado Home Loan Quick Quote" form. We have cut the middle man and large corporate overhead to bring you the best possible Colorado home loan rates and lowest fee.

Thank you, for your interest in Conventional Loan programs.

if you would like more information please give us a call 888.694.0455 24hr a day