Get Your Own Piece of the Centennial State
Check With Beck | 505-235-9810 | becky.nexalo@gmail.com
A Mortgage Broker That Knows Your Market
With over 30 years of experience in mortgage and real estate, Becky Watkins is a trusted advisor to home buyers across the state of Colorado. Having lived in Colorado markets for over 10 years, Becky Watkins offers a rich background of real estate and mortgage expertise for Colorado buyers.
What’s the difference between a broker and a direct lender?
Finding the best mortgage deal is crucial, as the interest rate and fees can significantly impact your finances. When choosing a lender, it's important to understand the differences between direct lenders and mortgage brokers.
Traditional lenders, like banks, have overhead costs for staff, technology, and buildings. These costs can translate into higher interest rates and fees for you. Additionally, they typically offer a limited range of loan programs.
Mortgage brokers, on the other hand, act as independent connectors between borrowers and multiple lenders. This allows them to find the most competitive rates and programs based on your unique situation. Similar to how a wholesale store offers better pricing, a broker can leverage their access to multiple lenders to find you a better deal.
By working with a mortgage broker, you gain access to a wider selection of loan options and potentially save money on interest rates and fees.
Buying a Home In Colorado?
People from across the US have fallen in love with the scenery, weather, outdoor activities, and laid-back attitude of Colorado. With a variety of urban, suburban, and rural options along the I-25 corridor, Colorado offers unlimited options to home buyers looking to get their own slice of this beautiful state.
Denver
The Mile High City that Welcomes All
Denver, the Mile High City, pulsates with a vibrant energy. Nestled amidst the majesty of the Rocky Mountains, Denver offers a dynamic urban experience with a backdrop of breathtaking natural beauty. The city boasts a thriving arts scene, world-class restaurants, and a diverse cultural tapestry. For outdoor enthusiasts, Denver provides easy access to hiking, biking, and skiing opportunities. This metropolis caters to a wide range of lifestyles, from young professionals to families, attracting homebuyers seeking an active and culturally rich environment
Colorado Springs
A Great Family-Friendly Option at the base of the Rockies
Colorado Springs, nestled at the foot of Pikes Peak, is a haven for outdoor enthusiasts. This dynamic city offers breathtaking mountain scenery, world-class hiking and biking trails, and renowned natural attractions like Garden of the Gods. Beyond adventure, Colorado Springs boasts a thriving cultural scene, a strong military presence, and a growing economy. The city caters to families seeking a blend of outdoor activities, cultural attractions, and a strong sense of community.
Ready to make the leap to home ownership?
Fort Collins
Where Plains and Mountains Meet Suburbia
Fort Collins, a vibrant college town brimming with charm and innovation, offers a unique living experience. Home to Colorado State University, the city fosters a youthful energy and a strong emphasis on sustainability. Fort Collins boasts a thriving craft brewery scene, a renowned selection of restaurants, and a strong focus on local businesses. Outdoor enthusiasts will find ample opportunities for hiking, biking, and exploring the nearby foothills. Families appreciate the excellent school system and the strong sense of community. Homebuyers seeking a blend of youthful energy and environmental consciousness.
How We Help Our Colorado Buyers
Already Own Your Home In Colorado?
If you already have your own piece of Colorado, you still have many options to leverage your existing equity. Depending on your budget, your short- and long-term financial goals, and the market, you can use your home to make your next move into financial security.
Search your home’s address below to see the recent sales near you.
Home Loan Options Available to Colorado Buyers
The path to homeownership in Colorado is paved with diverse loan options. To ensure a smooth journey, selecting the right program is key. This decision hinges on several factors, including your credit score, down payment resources, current property ownership status, and long-term financial aspirations.
We'll delve into the most common loan programs we help Colorado homebuyers navigate.
FHA loans are government-insured mortgages, making homeownership more accessible with a down payment as low as 3.5%, making them an attractive option for individuals entering the housing market.
Conventional Home Loans in Colorado
Conventional loans are traditional mortgages not insured or guaranteed by the government, typically requiring a higher credit score and a larger down payment, but offering flexibility in terms and competitive interest rates.
Reserved for eligible veterans, active-duty service members, and their spouses, VA loans are government-backed mortgages offering favorable terms, including no down payment requirement and competitive interest rates.
A jumbo mortgage is a loan for high-value properties that exceeds the conforming loan limit set by government agencies, typically requiring a larger down payment and potentially higher interest rates.
Debt Service Coverage Loans in Colorado
DSCR loans are tailored for commercial real estate investors and businesses, focusing on the property's ability to generate income by assessing the ratio of the property's net operating income to its debt obligations.
FAQs for Colorado Mortgages
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The minimum credit score requirement varies depending on the loan program. In Colorado, FHA loans can be obtained with a score of 580 (with a higher down payment for lower scores), while conventional loans typically require a score of 620 or above.
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To qualify for a home loan in Colorado, you'll need a good credit score, steady income, sufficient down payment (amount varies by program), and documentation of your assets and employment.
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The minimum down payment for a house in Colorado depends on the loan program you choose. FHA loans allow for a minimum down payment of 3.5%, while conventional loans typically require a 20% down payment. There are also options for USDA loans in certain rural areas with no down payment required.
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Mortgage rates in Colorado fluctuate based on national trends and your individual creditworthiness. It's always best to consult with a lender to get a personalized quote for your current situation.
Your Colorado Mortgage and Real Estate Expert
Check with Beck about your home ownership options in Colorado. We’ll work together to find the best location, loan program, and long-term financial plan to assure your next best step into home ownership.
Other Areas We Serve
Boulder, Colorado
Boulder's unique character requires a nuanced understanding. Our local mortgage brokers will guide you through Boulder's specific lending landscape, ensuring you get the best possible financing for your new home.
Denver, Colorado
Denver's competitive market demands a strategic approach. Our experienced brokers have the local knowledge and connections to navigate multiple lenders and find the most competitive rates and terms for your Denver home.
Colorado Springs, Colorado
Colorado Springs boasts a strong military presence and a flourishing housing market. Our local mortgage brokers are experts in navigating VA loans and other programs that can help veterans and active-duty personnel achieve their homeownership goals.
Fort Collins, Colorado
Fort Collins offers a vibrant community with diverse housing options. Our mortgage brokers understand the local market and can help you navigate financing options, from first-time homebuyer programs to jumbo loans for luxury properties.
Serving Home Buyers in New Mexico
In New Mexico's diverse market, an experienced mortgage broker can guide you toward the right loan option, whether you're drawn to Albuquerque's urban core or Santa Fe's unique charm. Their local knowledge helps you understand neighborhood nuances and secure the financing that aligns with your dream home.
Serving Home Buyers in Colorado
The Colorado housing market can be competitive, but a local mortgage broker can help you navigate it with ease. Their expertise in local loan programs and connections with lenders ensure you get the best rates and navigate the complexities of the process.
Albuquerque, New Mexico
Albuquerque’s housing market requires a seasoned mortgage broker to navigate local loan options and programs. We'll help you find the perfect fit for your needs, from historic districts to modern communities.
Santa Fe, New Mexico
Santa Fe's charm comes with distinct financing considerations. Our local experts understand the intricacies of the Santa Fe market, ensuring a smooth and successful homebuying journey.
Rio Rancho, New Mexico
Rio Rancho's rapid growth offers exciting opportunities. Our mortgage brokers stay informed about the latest loan options for this dynamic market, helping you secure the best deal on your dream home.