When looking at buying a home in Colorado Springs a buyer should be as informed as possible about the total costs of obtaining a loan, including closing costs and prepaids and what their payment will be. There are numerous loan programs available for all types of buyers including conventional, FHA and VA loans. Within each type of loan there are different programs for first time home buyers, military buyers and jumbo loans for larger loan amounts.
Before viewing homes, it is essential for a buyer to have a conversation with a lender to understand what their out of pocket up front costs are to purchase a home and what their payment will be. This ensures a buyer is looking within their comfortable budget and that there are no surprises.
We offer several mortgage calculators to help a buyer get an estimate for what a payment would be and how much they can afford.
Mortgage payment calculator
FHA loan limits calculator
How much house can you afford?
Affordability calculator
Please review different loan options below:
A VA loan allows a current or previous military member to obtain a government loan with 100% financing. This program does include a VA funding fee which increases after each use.
FHA programs are great for first time home buyers and typically ask the seller for closing costs or down payment assistance.
Conventional loans typically offer lower interest rates for buyers who are able to put money down.
We have numerous local lenders we work with, please contact us for more information.
Description: Stunning Woodmoor Two-Story! Upgraded kit w/granite, stainless appliances & top of the line appliances! Beautiful wood floors! New...
CLICK FOR MORE INFORMATION >>