Guide to Mortgage Lenders in Colorado

Looking for mortgage loans? Colorado has options to meet your needs.

By John Fuller

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Colorado mortgage companies can help you secure the financing you need to purchase real estate in the Rocky Mountain state. From the Front Range to the Rockies, you will find that there are many choices of mortgage companies in Colorado, but researching and comparing rates among the many competitors can be time-consuming and confusing. A mortgage broker can simplify the task by searching out the best rates for you. Colorado mortgage brokers will also have access to deals that you most likely wouldn’t find on your own.

Colorado mortgage brokers should assess your financial situation, help you understand what you can afford, find a mortgage that fits your needs and guide you in navigating the paperwork. When hiring a Colorado mortgage lender, use a local one that really understands the neighborhood where you intend to buy. Another benefit of using local Colorado mortgage companies is that they will be available for in-person meetings and can deliver documents to you quickly if necessary to keep the process running smoothly.

To find the best mortgage loans Colorado has to offer, follow these steps:

Make sure you're working with reputable mortgage companies in Colorado by checking records with government and better-business groups.
Start your search online and look at rates and terms on a variety of websites for lenders and mortgage brokers in Colorado.
Don't limit yourself to mortgage lenders in Colorado or mortgage brokers in Colorado. National loan originators and brokers may offer the best terms on mortgages in Colorado.

Action Steps
The best contacts and resources to help you get it done

Search local associations for mortgage brokers in Colorado and Colorado lenders

Colorado mortgage lenders associations and mortgage brokers associations can help you find professionals who understand the local housing market.

I recommend: The Colorado Association of Mortgage Brokers lets you search for a registered real estate broker by ZIP code. Find a list of lenders at the Colorado Mortgage Lenders Association.

Consider local and regional banks for mortgages in Colorado

Local and regional banks are some of the most common Colorado mortgage lenders.

I recommend: Search for Colorado banks in your area at ColoradoLinks.net or at LocalLender.info.

Use online sources for mortgage companies in Colorado

Numerous online sources can help you shop for the best mortgage lenders in Colorado.

I recommend: MortgageLoan.com lets you search their list of Colorado mortgage brokers and lenders by city, as does Mortgage-X.com.

Work with national mortgage lenders to secure mortgages in Colorado

For mortgage loans, Colorado companies aren't the only source. Many national mortgage brokers and lenders offer mortgage loans in Colorado that may be right for you.

I recommend: Consider national lenders, such as GMAC Mortgage or Wachovia, or check out Equifax, which offers a nationwide mortgage referral service. Veterans may qualify for a loan through the VA Mortgage Center.com or USAA.com, where you can get pre-approved for Colorado mortgage loans.

Check with legal authorities about mortgage brokers in Colorado

Make sure the Colorado mortgage lender or mortgage broker you're considering is trustworthy and hasn't been reported by borrowers for shady business practices.

I recommend: Contact your local branch of the Better Business Bureau to check on Colorado lenders. At the Colorado Division of Real Estate, you can make sure that you are working with a reputable licensed Colorado mortgage company.

Find out what local experts are saying about mortgage companies in Colorado

Local real estate experts, including your own real estate agent, can provide information on Colorado mortgage trends, lenders and other tips on the market for house hunters.

I recommend: LiveMileHigh.com is a real estate blog covering Colorado real estate trends and news, with a focus on mortgage loans in Colorado, rates and shady practices by brokers. Find a realtor at the Colorado Association of Realtors.

Tips & Tactics
Helpful advice for making the most of this Guide

A Colorado mortgage company should be familiar with Colorado fees and should have a network of local appraisers and title companies to make the process go more smoothly.
Colorado mortgage loans from your bank are negotiable. Shop around for rates from Colorado mortgage brokers and mortgage companies before approaching your local bank.
Rate quotes on mortgages in Colorado should all be from the same time period due to market fluctuations.
Tied mortgage brokers don't charge an upfront fee, but work with a limited number of mortgage companies in Colorado who pay them a commission should you choose their mortgage.
An independent broker charges an upfront fee but casts a wider net, offering a variety of deals from a host of Colorado mortgage companies.

The official source of Mortgage Lenders in Colorado is
the Mortgage Lenders in Colorado page at Business.com

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