Loan Programs Available In Colorado
Loans are secured by government sponsored entities or GSE's such
as Fannie Mae and Freddie Mac or by private investors for loan
amounts higher than the limits set by the GSE's. Conventional
loans can be made to purchase or refinance homes with first and
second mortgages on single family to four family homes.
Fannie Mae and Freddie Mac's single family, first mortgage loan
limit is $333,700 in 2004. This limit is reviewed annually and,
if needed, changed to reflect changes in the national average
price for single family homes. The current loan limit applies
to all conventional mortgages delivered after January 1, 2004.
to common loan structures such as fixed rate, adjustable rate
and balloon loans, Fannie Mae and Freddie Mac also have loan programs
for low to no down payments, community lending and affordable
housing initiatives, construction to permanent, home improvement
and reverse mortgages
If you have any questions about a Conventional Loan programs
or any other loan, please feel free to contact us at 855-529-5222
today to speak with a Colorado loan consultant or fill out our
"Colorado Home Loan Quick Quote"
form. We have cut the middle man and large corporate overhead
to bring you the best possible Colorado home loan rates and lowest
Thank you, for your interest in Conventional Loan programs.
you would like more information please give us a call 855-529-5222
24hr a day