The Mortgage Experts at America's Mortgage

Mortgage and Lending - The Mortgage Experts at America's Mortgage, a Division of Cherry Creek Mortgage Co. - NMLS #241555
Want to buy a house, but you don't have enough money for a down payment?  Here's a great way to do it.   The Colorado Housing and Finance Authority (CHFA) offers a variety of loans for people who have little money for a down payment.  Beginning next month, they will give you a grant for the down ...
When you apply for a mortgage, the lender will ask for the last two years of W-2s.  But what do you do at this time of year when you haven't received your W-2 yet?     All we require is your last pay stub from 2014.  As long as it has your year-to-date income information on it, we can use that in...
Happy Holidays from Chris and Deb - the Mortgage Experts!  Here's a little present for you.   Beginning in February, CHFA second mortgages will no longer be mortgages - they will be grants instead. That means you don't have to pay them back.  More details next month.  Merry Christmas!   Every tim...
3% down conventional mortgages with a 620 credit score are here!  But does that mean that they will be the best and cheapest loan for everyone? Absolutely not!   These new loans are conventional (non-government) loans, and the interest rate a borrower pays depends on their credit scores.  General...
Every time we close a loan, we make a donation to the Rocky Mountain MicroFinance Institute (RMMFI).  We do that because RMMFI gives aspiring entrepreneurs the training and funding needed to start a business and achieve self-sufficiency.  If you think supporting local entrepreneurs makes the Den...
Starting next week, we will be selling conventional mortgages with just 3% down.  These are different than the CHFA (Colorado Housing and Finance Authority) 3% down loans we already sell.  Not all of the underwriting guidelines have been released yet, but we'll let you know all the details soon. ...
FHA mortgage limits are going up in 2015 for the Metro-Denver counties. Here are the new loan limits:    Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson Counties are going up to $424,350. Boulder County is going up to $456,550.    That means you can get an FHA loan up to those amounts...
Here are the latest down payment requirements for purchasing a house in Colorado.   Conventional loans (non-government loans) Primary residence = 3% down with a 680 credit score, and 5% down with a 620 credit score Second home = 10% down with a 620 credit score Investment property = 20% down with...
Fannie Mae and Freddie Mac have announced that the maximum loan amounts in 46 counties across the country are being increased for 2015.  Eleven of those counties are in Colorado, and include all of the Metro-Denver counties.   What does this mean?  First, it means what many people have long suspe...
Credit scores of 740 and above get the best interest rates for conventional loans.  How do you get a score above 740?  The number one way, of course, is to pay your bills on time. However, another way to get higher scores is to pay down the balances on your credit cards.  If the balance is above ...

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