The Best Mortgage Lenders in Aurora, CO
Compare verified mortgage lenders serving Aurora, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Aurora
Featured Mortgage Lenders
Elevations Credit Union Mortgage Team
Elevations Credit Union
Elevations Credit Union stands out as one of Colorado's most highly-rated mortgage lenders with deep roots in the Front Range community. While headquartered in Boulder, they actively serve the entire Denver metro area including Aurora with exceptional customer satisfaction ratings. Their mortgage team receives consistent praise for personalized service, competitive rates, and guiding borrowers through complex loan processes. As a member-owned financial institution, they prioritize member needs over profits and offer special first-time homebuyer programs and construction loans that many national lenders don't provide.
Loan Types:
Academy Mortgage - Aurora Team
Academy Mortgage Corporation
Academy Mortgage's Aurora branch has established itself as one of the top-rated local mortgage lenders in the area with nearly perfect customer satisfaction scores. Their local loan officers have extensive knowledge of Aurora's diverse housing market and specialize in helping both first-time buyers and experienced homeowners. Customers consistently praise their responsiveness, transparent communication, and ability to close loans quickly. The company maintains strong relationships with local real estate professionals and offers a comprehensive range of loan products with competitive pricing.
Loan Types:
Guaranteed Rate - Denver/Aurora Division
Guaranteed Rate, Inc.
Guaranteed Rate brings national scale with strong local presence in the Denver/Aurora market, offering some of the most competitive rates and innovative digital mortgage tools in the industry. Their local team specializes in serving the Aurora area with expertise in both conventional and government-backed loans. The company is renowned for their digital mortgage platform that streamlines the application process while maintaining personalized service through local loan officers. They receive high marks for transparency, rate competitiveness, and efficient closing processes from Aurora homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Aurora, CO
What are the current mortgage rates like for homebuyers in Aurora, CO?
Mortgage rates in Aurora typically align with national averages but can be influenced by Colorado's competitive housing market. As of late 2023, rates for 30-year fixed mortgages in Aurora generally range between 6.5-7.5%, though this varies by lender, loan type, and borrower qualifications. Local credit unions like Elevations Credit Union often offer competitive rates specifically for Aurora residents.
Are there any first-time homebuyer programs specifically available in Aurora?
Yes, Aurora homebuyers can access several Colorado-specific programs including CHFA (Colorado Housing and Finance Authority) loans, which offer down payment assistance and competitive rates. Additionally, the City of Aurora occasionally offers its own down payment assistance programs for income-qualified buyers purchasing within city limits. These programs are particularly valuable given Aurora's median home prices being slightly below Denver's.
How does Aurora's property tax structure affect my mortgage payments?
Aurora property taxes in Adams and Arapahoe counties typically range from 0.5% to 0.7% of assessed value, which is relatively moderate compared to national averages. Your lender will calculate these taxes into your monthly escrow payment, and it's important to note that Colorado's property tax rates are subject to change under recent legislation, potentially affecting future payment adjustments.
What special considerations should I know about getting a mortgage for Aurora's newer developments?
Many new Aurora developments in areas like Aurora Highlands and Southlands require understanding MUD (Municipal Utility District) taxes or metro district fees, which can significantly impact your total monthly payment. These additional fees are often rolled into your mortgage escrow and can add $200-$500 monthly, so it's crucial to ask builders and lenders for a complete fee breakdown before committing.
How competitive is the mortgage lending environment in Aurora's housing market?
Aurora's mortgage market remains competitive due to steady population growth and its position as a more affordable Denver metro alternative. Pre-approval is essential, and many successful buyers are offering 20-25% down payments to stand out. Local lenders familiar with Aurora's specific neighborhoods and market trends often have an advantage over national banks in processing speed and local program knowledge.
Why Choose a Mortgage Lender in Aurora?
Local Market Knowledge
Lenders who understand Aurora's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Colorado.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Aurora and get competitive rates on your home loan.