Pikes Peak beyond Pueblo
Planning your purchase
How much house can I afford?
Start with a payment that fits your life.
Read the guideThe Steel City learning center
A little more clarity.
Good questions. Plain answers.
Get comfortable
with what comes next.
Start with the questions most buyers ask. Each guide is a starting point for a more personal conversation.
Union Depot · Pueblo
Getting ready
Pre-qualified or pre-approved?
Understand the difference before you start looking.
Read the guide
Pueblo steel mill
Exploring your options
A little help with the down payment.
What to ask about assistance programs.
Read the guidePut it into perspective
Explore a payment
with your own numbers.
More to explore
Keep the questions coming.
FHA or conventional: which loan is right for me?
FHA loans are insured by the government and are more forgiving on credit and down payment, but they carry mortgage insurance that often lasts for the life of the loan. Conventional loans ask for stronger credit, and their mortgage insurance can be removed later. The better choice depends on your credit, your down payment and how long you plan to stay.
Read the guideHow does a renovation loan work?
A renovation loan combines the cost of a home and the cost of repairs into one mortgage. The loan amount is based on what the home should be worth once the work is done. At closing the repair money is set aside, and the contractor is paid in stages as the work is completed and inspected.
Read the guideWhat happens to the mortgage in a divorce?
A divorce decree can assign the house to one spouse, but it does not change the mortgage. Both people stay responsible for the loan until it is paid off or refinanced. To keep the home in one name, that spouse usually has to qualify for a new loan alone, and may need to pay the other their share of the equity.
Read the guideWhat are closing costs?
Closing costs are the fees and prepaid expenses due when a home loan is finalized, on top of the down payment. They include lender charges, the appraisal, title insurance and settlement fees, government recording fees, and the first deposits for property taxes and homeowners insurance. You receive an itemized estimate soon after you apply.
Read the guideWhat happens after I apply for a mortgage?
After you apply, you receive a Loan Estimate, your documents are reviewed, and an appraisal is ordered. An underwriter then checks the file against the loan program’s rules and may ask for more information. Once the conditions are met you get final approval, review a Closing Disclosure, and sign at closing.
Read the guide
Colorado, called home.
Still have a question?
Ask Chris.
A home. A plan. A conversation that puts you first.
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