The Benefits Of FHA Loans In Colorado Springs, CO

There Are Many Benefits To FHA Loans In Colorado Springs, CO

A Federal Housing Administration (FHA) loan comes with many benefits. Here are a few of those benefits. If you need an FHA home loan in Colorado Springs, call Front Range Mortgage. This helpful mortgage broker company in Colorado Springs has been helping Colorado Springs residents get FHA loans for years. Learn information about Colorado Springs, CO.

Lower Down Payment

As any mortgage broker company in Colorado Springs will tell you, an FHA loan is insured by the FHA itself. This means that the required down payment is typically lower than with a conventional home loan. To put a figure on it, with a credit score of 580 and above, you would only have to put 3.5% down. With a credit score of 500 to 589, the down payment would only be 10%. There are also lower debt-to-income (DTI) ratio requirements for the FHA loan. Discover facts about Are You Ready To Talk To A Mortgage Broker.

Lower Interest Rates

One of the biggest advantages of an FHA loan is the lower interest rates. If you go to a mortgage broker company in Colorado Springs for an FHA loan, as opposed to a conventional loan, your payments will likely end up being much lower.

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Ethan Tait

15:54 20 Apr 23

Great experience from start to finish with Brian and his team. Constant communication, provided all the options available to us, and made the process seamless as can be. Walked us through every step in the process, if something did come up he was quick to communicate and provide all the information we needed to make an educated decision. 10/10 would recommend and we will hopefully be working with Brian and his team again in the future.

Michael Kearns

17:23 18 Apr 23

I'm a REALTOR in Denver, CO. Brian Murphy and his team at Front Range Mortgage have helped two of our clients purchase new homes. Both transactions closed on time, good interest rates, and with no drama! Great job!

Alex

01:45 16 Mar 23

This was my first time applying for a Mortgage, and I'm glad to have chosen Front Range. Professional, kind, and quick service got us cleared to close in about 2 weeks. The whole process went very smoothly, so big thanks to Brian and Ryan for working with me and always being available to answer my questions along the way.

David Day

21:11 19 Aug 22

They were professional, positive and great to work with. Going through a mortgage process is never fun, but they were fast, efficient and on top of the process through the whole thing.We closed on time with no issues. I highly recommend them!

Robert Evans

01:09 19 Jul 22

Called Front Range Mortgage and Brian answered. A few questions later we had the basics done and within 2 or 3 weeks it was a done deal! Was never passed over to anyone else until the final closing documents. Brian was available for all questions and was quick to respond. Definitely recommend

Sherry Nelson

21:53 15 Jul 22

I wanted to share this company front range mortgage is the best!there very helpful and understanding ryan and brian we really like how professional they are and to the point!i would give them A 100 percent recommend refiance threw this company.

Maverick Boch

12:14 30 Jun 22

I have had the pleasure of working with Front Range Mortgage and Brian personally for over a year now. Their team is committed to helping their clients find the right mortgage solution for their financial needs. All while providing an industry leading lending experience. Anyone looking for a mortgage in Colorado I suggest reaching out to Front range mortgage today!

patrick driscoll

22:51 29 Jun 22

Brian and his team are a valuable client and an excellent choice to handle your next mortgage transaction.

Joe Conway

20:49 29 Jun 22

Easy transaction. Buyers were surprised at the smoothness. Responsive team.Very pleased with this lender. Highly recommend.

Timothy Scholes

21:18 19 Jun 22

Dennis Linn

18:26 18 Aug 21

We had a great experience at Front Range. Victoria took excellent care of us and we got a tremendous rate. I had a little trouble but they worked right through it without a hitch.If I ever re-fi again I’ll be right back here to do it.Thanks

CindyJo Abbott

03:51 15 Aug 21

I work with Victoria and Brian as a loan closing specialist. I have received so much POSITIVE feedback about how much everyone loves working with both of them. I always have a great conversation and extreme professionalism is always at the forefront.If you need/want to refi, go through a home purchase, etc … and are unsure where to go or who to talk to, look no further than Front Range Mortgage with Victoria or Brian …. You never know, you might get lucky and have me conduct your closing. ☺️😉

Clemente Galang

01:32 01 Feb 21

They were there when I needed them the most.

Mark Thompson

17:13 25 Jan 21

Dominic Lupori

15:59 25 Jan 21

great people, super fast, pleasant experience

John B

01:51 23 Jan 21

Matt Hayden

01:10 23 Jan 21

I have used Front Range Mortgage for several VA mortgage refinances. Each time they provide detailed comparisons of my options. The customer service is second to none and closing is a breeze! Victoria and Ryan had my loan closed and funded in less than 10 days!

rlrpjr1914

23:40 22 Jan 21

Derek De Poy

23:39 22 Jan 21

Wiley Long

00:14 16 Apr 20

Brian is the utmost professional. If you want no-hassle fast service and someone who will work in your interests, this is the place.

Mike Searls

13:39 31 Mar 20

Front Range Mortgage does an amazing job - an advocate for their clients. The entire team is first rate and they really care. I highly recommend.