Steps to buying a home in Colorado Springs.

As your local Colorado Springs mortgage lender, we are here to walk you through the entire mortgage process.

Colorado Springs Mortgage Lender

Step 1: Mortgage Pre-qualification

The first step in buying a new home is getting pre-qualified for your loan so you know how much you will be able to afford and the price ranges of homes you can look to buy within.

The good news is that getting your pre-qualification is easy when working with a professional mortgage lending company in Colorado Springs. We know how important it is to have the right people on your side during the home buying process.

As your local Colorado Springs mortgage lender, we are here to walk you through the entire mortgage process. We don’t sell your information to other companies, and you work with people who live in your community.

Step 2: Find the perfect home

Finding the right home is more than just a place you will lay your head. It should be your home. The place you look forward to going to after a long day. We work with a number of trusted real estate agents that can help you find the next place you will call home.

Home Loan Financing with Integrity Mortgage & Financial Inc. means you will have a mortgage that closes on time without the hassle. We are also hear to help educate you along the way, so you feel good about every step of the process. Whether you are a first time buyer or an experienced home owner, purchasing a new home can be a stressful process. We take the stress of your shoulders and walk you through the process every step of the way! We will find the best options and programs for your specific needs.

When deciding on a home purchase loan, you want the choice with the interest rate, monthly payment and term options that are best for your personal situation.

Step 3: Close on your new home

This is where it all starts to come together. Inspections are completed. Negotiations are finished. All that’s left is to sign the papers and get the keys.

Of course that makes it sound so easy. Having a trusted realtor agent is imperative to this process. Just like we are your advocate for your home loan, your realtor is your advocate through the rest of the buying process. If you are in need of a recommendation when it comes to finding a realtor, just let us know. We are here to help in any way we can.

At Integrity Mortgage & Financial Inc., we take into account all of your needs, finances, and history to help you choose the right home loan for you.

Our experience and expertise in the industry qualify us to assist you in finding the home loan financing that is best for you. Take a look at the different home purchase loan options, and contact us at any time when you would like to discuss the purchase of your next home.

Working with Integrity Mortgage & Financial Inc.

We put YOU first.

Integrity Mortgage & Financial Inc. offers some of the most competitive rates in the Nation!

Fast and efficient, we close most of our loans in 30 days or less.
We offer a variety of loans. Integrity Mortgage & Financial Inc. will find you the loan that is right for you!!!

We serve the entire state of Colorado including the Denver area!

How much is the average mortgage in Colorado Springs?

In Colorado Springs, the typical home price stands at approximately $388,907.00. For homeowners, this translates into an average monthly mortgage payment of about $2,458.00 Principal and interest, making it a significant financial consideration for potential buyers in the area.

What credit score do you need to get a home loan in Colorado?

Below are the basic FHA loan requirements applicable in Colorado. Typically, a credit score of 580 or higher is necessary; however, lenders might consider scores between 500-579 under specific circumstances. For credit scores below 580, a larger down payment is required. Applicants must also demonstrate a minimum of two years of employment, providing proof of steady and consistent income to qualify.

Which type of mortgage is the simplest to get approval for?

Government-backed loan options, such as FHA, USDA, and VA loans, are typically the easiest type of mortgage to get because they may have a lower down payment and credit score requirements compared to conventional mortgage loans.

Is it better to go through a broker or lender?

Individuals who are considered less qualified buyers, or those purchasing non-traditional properties, may find it simpler to secure loan approval through a mortgage broker rather than directly from individual lenders who typically have more stringent criteria. Mortgage brokers have access to a broader range of loan products and can often find solutions that accommodate unique financial situations or property types more effectively.

Should you get a mortgage from a bank or a private lender? Which is better?

The most suitable financing option for you hinges on your individual financial situation. If you have limited credit history or a lower credit score, securing a loan from a private lender might be more feasible. Conversely, if you possess a strong credit score or have an established relationship with a bank, you are more likely to qualify for favorable lending terms and potentially lower interest rates. Each pathway offers distinct advantages based on your credit profile and banking history.