For many buyers, financing is one the biggest obstacles to homeownership. From gathering documentation and making the down payment, to shopping around for the best loan terms and rates in the market, securing financing is a time-intensive process that requires commitment and focus.
Research, preparation, and professional guidance are crucial to qualifying for a loan. Knowing your financing options in the market will help you move forward with a home purchase. Whether you are a first-time homebuyer or a real estate investor, knowing how to apply and qualify for a mortgage is the key to building equity and generational wealth.
QUALIFYING FOR A MORTGAGE
To qualify for a mortgage, homebuyers must meet certain requirements depending on the loan type. In general, building a robust credit score, making a good income, having minimal debt, and making timely payments on existing loans are strong indicators of your credit-worthiness. These factors can also help determine your mortgage rates and how much home you can comfortably afford.
CHOOSE THE RIGHT MORTGAGE PRODUCT
There are many mortgage products with varying terms, including 15 to 30-year amortization as well as fixed and adjustable rates. You can also choose between conventional, jumbo, and super jumbo loans depending on property type and price range.
LEARN ABOUT BUYER ASSISTANCE PROGRAMS
You may be eligible for buyer assistance programs with zero to no down payment and other benefits. These include FHA, USDA, and VA loans, just to name a few. Inquire with your local government agency for buyer assistance programs in your area.
WORK WITH THE RIGHT LENDER
Consult with a licensed loan originator in Denver and the surrounding areas. This will help you choose the right mortgage type and buyer assistance program for your needs.
THE SOURCE MORTGAGE GROUP
The Source Mortgage Group is a team of loan originators dedicated to helping homebuyers choose the best financing options available to them. Denver Branch Manager and Loan Originator Bryce Waite is a U.S. Veteran with a passion for helping clients secure favorable rates and loan options.
The team at Source Mortgage Group assists first-time homebuyers and seasoned investors alike. Here’s what you can expect when working with their loan originators:
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Top-rated loan officers – Get expert guidance from a dedicated loan originator who will walk you through the loan application process.
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A wide range of loan types – Compare different mortgage products and find out what you qualify for in just 3 minutes.
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Low down payment options – Put less money down with no upfront appraisal costs. Certain government-backed loans require zero down payment.
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Competitive rates – Get the most advantageous loan terms and rates in the market.
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Priority processing – Close on time and avoid delays. The team guarantees closing in 21 days.
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Transparency – Get timely, consistent, and proactive updates on your loan status.
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Stress-free processing – Focus on finding the perfect home and growing your business while they do the work.
WORK WITH BRANDI HARVEY TODAY
REALTOR® and Army Veteran Brandi Harvey helps buyers find the home of their dreams in Denver and the surrounding areas. As a Colorado native and local expert, she provides access to lenders and other mortgage professionals. To learn more about financing options in Denver, call Team Brilliant Concept Properties at 720.662.4900, send them an email, or fill out their contact form.