Home Loans

Purchasing a home doesn’t have to be so complicated when you work with an expert. At Mountain Shadows Mortgage we are your Colorado Springs home loan experts. When it comes to mortgages we have the knowledge to help find the perfect home loan for you. We are located in Colorado Springs and have been working here for years, so we are very familiar with the loan programs that are available to someone looking to purchase a home here.
We have traditional conventional loans available that are backed by Fannie Mae/Freddie Mac. Our mortgage rates are some of the most competitive that you will find anywhere in Colorado Springs. If you are looking to purchase a home that is above the conforming limit off $417,000 we also offer jumbo loan products that are designed for higher priced homes. Jumbo loan rates tend to be higher because of the risk that comes along with higher priced loans, so it’s very important that you work with someone who understands jumbo loans inside and out to insure you get the lowest rate possible with the least amount of cost involved.
We also specialize in government loan programs like FHA, VA and USDA loans. Government loan programs are designed to make it easier to purchase a home. They tend to less strict financial requirements but best of all they either have a very low down payment to no down payment at all. For example FHA loans only have a 3.5% down payment while both VA and USDA loans have no money down requirements. There are of course limitations with these loan programs. They have loan limits where FHA is $325,000, VA is $417,000 and $244,000 for USDA loans. VA loans are strictly for veterans and active duty military personnel, while USDA loans are designed for more rural communities outside of Colorado Springs but still in El Paso County. We can answer all your questions and help to see if any of these programs can help you purchase a home.
With home prices and mortgage interest rates being at record lows, this might be the perfect time to purchase a home. Whether you are a first time home buyer, looking to upgrade to a larger home or looking for investment property there might not be a better time to purchase that home. At Mountain Shadows Mortgage we have help many people in every situation. We also have relationships with the best real estate agents in Colorado Springs, so if you are looking for a recommendation to one that you can trust to find you exactly what you are looking to find we can help you there. We always suggest getting pre-qualified before you start looking for a home because first you will know for sure how much you can actually afford. Plus when you are already pre-qualified for a certain amount you have a big bargaining chip when negotiating. Many times a home seller will lower their price if they know a home buyer is good for a certain amount.
To quickly find out how much you can qualify for please use our Purchase Assistant on our website, from there we start working on tailoring the perfect loan program for you.

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