Denver and Boulder FHA Loans

Are you planning to relocate to Denver or Boulder this year? Right now is the perfect time to apply for a home loan through the Federal Housing Administration (FHA). The FHA has been around since 1934, helping Americans become proud new homeowners by making the loan process as simple and affordable as possible. Since that time, millions of Americans have taken advantage of the home loan program and made homeownership a reality. Here are just a few of the great benefits you’ll be able to take advantage of when you apply for an FHA loan.

Low Down Payment

With a Boulder or Denver FHA loan, it is possible to qualify for up to 96.5% financing on your new home. This low 3.5% down payment is much more affordable than the 20% down payment you would find with a conventional loan. Even if you don’t have enough money for the down payment, you can have any third party pay the cost for you. This can be a friend, employer or charitable organization. There is even a program called the American Dream Down payment Initiative (ADDI) designed to help people afford the down payment.

Low Interest Rates

With an FHA loan you will be guaranteed a competitive interest rate. It may even be possible for you to negotiate with your lender for a rate that is below the current mortgage market rate.

Federally Insured

With an FHA loan you are insured by the Federal Government. The insurance money goes to your lender in the event of foreclosure, making you a much more secure and desirable borrower. This also means you won’t be required to pay for expensive private mortgage insurance (PMI) on the loan.

Easy Refinancing

Once you have your FHA loan, it is very simple to refinance further down the road. If you decide to refinance for a lower interest rate, you can apply for a streamline refinance which requires no additional paperwork or out-of-pocket expenses. If you need to refinance in order to borrow money against the house’s equity, you can opt for an FHA cash-out refinance.

Get Started Today!

We have a team of FHA home loan specialists who would be happy to get you started on the path to homeownership today. Fill out our FHA loan form and we’ll have you pre-qualified in Colorado instantly. Plus, the process is free, secure and has no obligation.

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