Loan Type
CONVENTIONAL
LOANS
Traditional mortgage financing with competitive rates and flexible terms for borrowers with good credit and stable income throughout Colorado.
Traditional mortgage financing with competitive rates and flexible terms for borrowers with good credit and stable income throughout Colorado.
Conventional loans are the most common mortgage type in America and offer unmatched flexibility. Not backed by the government, these loans conform to guidelines set by Fannie Mae and Freddie Mac.
With 20% down, avoid PMI entirely. With less than 20% down, PMI can be removed once you reach 20% equity through payments or appreciation.
Typically the lowest rates available for borrowers with strong credit profiles. 740+ credit scores get the best pricing.
Use for primary residences, second homes, vacation properties, or investment properties. The most versatile loan type available.
As low as 3% down for qualified first-time buyers through Fannie Mae HomeReady and Freddie Mac Home Possible programs.
Choose from 30-year, 20-year, 15-year, or even 10-year terms. Match your mortgage to your financial goals.
Conforming limits up to $766,550 in most Colorado areas, higher in some mountain counties. No maximum for jumbo conventional loans.
Conventional loans have stricter requirements than government-backed options, but offer more flexibility and better terms for qualified borrowers.
Minimum 620, though 740+ recommended for best rates. Higher scores mean lower rates and better terms.
3% minimum for primary residence (first-time buyers), 5-10% standard, 15-25% for investment properties.
Generally below 43%, though up to 50% may be allowed with strong compensating factors like high credit or large reserves.
Stable employment history required. Full documentation of income through W-2s, tax returns, and pay stubs.
2-6 months of mortgage payments in reserves may be required depending on loan size and down payment.
Conventional loans offer competitive rates and flexible terms for borrowers with strong credit. Build equity faster with down payments as low as 3%.
Conventional loans are ideal for borrowers with strong credit profiles and stable income.
Those with 680+ credit scores who want the best rates and terms available.
Purchasing a vacation home or second property in Colorado's beautiful locations.
Those purchasing investment properties with 15-25% down payment available.
Those who can put 20% down to avoid PMI and get the absolute best rates.
Conventional isn't the only option. Explore all available loan types to find your perfect fit.
Low down payment options with flexible credit requirements, ideal for first-time buyers.
Zero down payment financing exclusively for eligible veterans, active military, and qualified spouses.
Zero down financing for eligible rural and suburban areas with income requirements.
Financing for luxury homes exceeding $766,550 conforming loan limits.
Explore unique financing solutions designed for specific situations and borrower needs.
Buy your next home before selling your current property with flexible short-term financing solutions.
Specialized financing for medical professionals with flexible debt ratios and no PMI options.
Build your dream home with one-time close construction-to-permanent financing solutions.
Finance both purchase and renovations with FHA 203k and Conventional HomeStyle programs.
Financing options for warrantable and non-warrantable condominiums in Colorado communities.
Alternative financing for self-employed borrowers using bank statements or asset-based qualification.
Investment property financing based on rental income without personal income verification.
Reduce your initial mortgage payments with 2-1 and 1-0 buydown programs for easier affordability.