Conventional Loans


Typically a great loan for borrowers with high credit scores(700+) and a down payment of 5% or more (3% allowed in some cases). A big benefit of conventional loans is the discounted monthly mortgage insurance when compared to FHA. This mortgage insurance premium can technically be removed after 2 years through principal reduction or appreciation once the homeowner has 20-22%+ equity in their home. Another benefit of a conventional loan is that unlike FHA, there is no upfront mortgage insurance.

Interest rates are typically a little bit higher than FHA but borrowers with a larger down payment(15%-20%) can avoid mortgage insurance altogether which will often result in a lower APR.

To help more home buyers qualify, the Fannie Mae HomeReady program and Freddie Mac Home Possible program, allow borrowers with lower credit scores and a limited down payment to take advantage of a conventional loan as well. With these two programs, borrowers can qualify for conventional financing with as little as 3% down and credit scores as low as 620.

  • Down Payment can be a gift from family or employer.
  • 3% Down allowed for first-time buyers and HomeReady/Home Possible buyers under 80% AMI
  • Requires 620 credit score but ideal for 700+
  • Competitive rates and low closing costs.
  • No upfront mortgage insurance.
  • Does not require taxes and/or insurance to be escrowed (Optional).
  • Backed by Fannie Mae and/or Freddie Mac.
  • No/low Closing Costs Option Available.

Conventional loans in Colorado


Our goal is to not only provide extremely competitive mortgage rates but to also keep the closing costs as low as possible.

  • No Processing or underwriting fees on conventional loans.
  • Origination/Points only in cases if a buyer would like to buy down the rate.
  • We can provide a lender credit to help cover some or all of the closing costs.
  • Get the seller to pay for the closing costs.

Please contact us if you have any concerns about your situation or just need to run a scenario by us. We have a great relationship with our underwriters and can usually answer any difficult questions right away or within just a few hours.


  • Competitive Rates & Flexible Underwriting
  • Avoid Mortgage Insurance
  • Ability to do a No-Cost Loan(No closing costs)
  • Financing up to 97% loan to value on primary residence
  • Cash-Out/Debt Consolidation up to 80% (Refinance Only)

Eligible properties include Single Family Residence, Condo, Townhouse, Duplex, and Manufactured Homes(75% LTV for manufactured homes. For more info visit manufactured homes)


Refinance up to 97% of your primary home’s value with discounted or no mortgage insurance » This is a rate/term refinance with the purpose of reducing your interest rate or removing mortgage insurance. The old days of needing 20% equity in order to avoid mortgage insurance are gone. Also, if your goal is to pay off your home faster, you may also reduce your loan term(EX: 30 year fixed to 15 year fixed). Up to $2,000 cash back is allowed at closing.


Pull cash from your primary residence up to 80% of your home’s value » Proceeds can be used for any purpose such as consolidating debt, starting a new business, or anything else. This can be a great program for homeowners who currently have a conventional loan or looking to get out of their FHA loan. Learn more about cash-out mortgages…


NO Closing Costs » Take advantage of a no-cost loan to maintain more equity in your home » We do not like adding closing costs to our loans so we usually encourage clients to do a no or low cost refinance if possible. This means there will be no lender fees, no title insurance fees or any other junk fees added to your loan balance. Learn more about no-cost mortgages…

Making Home Affordable Program » This program established for those who do not have much equity in their home. In fact you can be upside down in your home and qualify for a rate reduction and lower monthly payment. To check if you qualify please visit the Fannie Mae and Freddie Mac website.

**Primary residence or investment property allowed. Backed by Fannie Mae and Freddie Mac. Does not require taxes and/or insurance to be escrowed**

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