Cherry Hills Loan Programs
You're closer than ever to realizing your dream of home ownership, or re-financing your existing, high-priced Cherry Hills loan. We also finance commercial properties.
Just fill out our online Cherry Hills mortgage application,
or call (303) 573-1200 today.
Not Sure Which Program Is Right For You?
Our range of Cherry Hills mortgage products and properties makes it easy to find the right Cherry Hills loan program and home for you.
Contact us today to help find your solution.
A Conventional Cherry Hills Fixed-Rate Loan Buyer:
- Has at least a 3%-5% down payment and a solid credit history that offsets the need for the typical 20% to 25% required down paymen.
- Has closing costs and a reserve on hand.
- Has good to excellent credit.
- Qualifies for market-rate interest (lower monthly payments).
- Doesn't require creative financing.
- Seeks financial stability and security.
- Has low, outstanding debt, for example credit card debt, medical expenses, etc.
- Has increasing earnings power.
- Can afford mortgage insurance if required by the lender.
A Typical Cherry Hills ARM Buyer:
- Can expect with some certainty that his or her income will increase.
- Desires a home that is slightly out of his or her financial reach.
- Desires a short-term ownership.
- Cannot qualify at market rates and needs a lower initial interest rate.
- Wishes to buy a Cherry Hills property when conventional fixed-rates are high or when rates are expected to decline.
- Wishes to take advantage of an ARM's conversion option.
- Does not need the security - emotional or financial - of a fixed-rate mortgage.
- Wants the loan to adjust based on inflation and economic swings.
- Wants to shop for an index and adjustment period that best coincides with his or her needs in purchasing the Cherry Hills property.