The Best Mortgage Lenders in Broomfield, CO
Compare verified mortgage lenders serving Broomfield, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Broomfield
Featured Mortgage Lenders
Guild Mortgage - Broomfield
Guild Mortgage Company
Guild Mortgage's Broomfield branch stands out as one of the highest-rated local mortgage lenders, specializing in personalized service and a wide range of loan products. With exceptional customer satisfaction ratings and deep local market knowledge, they're particularly noted for their expertise in Colorado's unique housing market. Their team of experienced loan officers provides comprehensive guidance through the entire mortgage process, from pre-approval to closing, making them a top choice for both first-time homebuyers and experienced investors in the Broomfield area.
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Cherry Creek Mortgage
Cherry Creek Mortgage Co., Inc.
Cherry Creek Mortgage has built an outstanding reputation in the Broomfield community with their commitment to competitive rates and exceptional customer service. As a direct lender with strong local presence, they offer streamlined processing and underwriting that often results in faster closings. Their experienced loan officers are known for their expertise in Colorado's Front Range market and their ability to find creative solutions for complex financing situations. The company consistently receives high marks for communication and transparency throughout the loan process.
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Elevations Credit Union
Elevations Credit Union
While headquartered in Boulder, Elevations Credit Union serves the entire Front Range including Broomfield and has earned numerous awards for their mortgage lending services. As a member-owned financial institution, they often offer highly competitive rates and lower fees than traditional banks. Their mortgage team provides personalized service with a focus on education and guidance, particularly beneficial for first-time homebuyers. With strong community ties and a reputation for exceptional member service, they consistently rank among Colorado's top mortgage lenders.
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Frequently Asked Questions
Common questions about mortgage lending in Broomfield, CO
What are the current mortgage rates like for homes in Broomfield, CO?
Mortgage rates in Broomfield typically align with national averages but can vary based on lender competition in the Denver metro area. As of recent trends, rates for 30-year fixed mortgages in Broomfield range between 6.5-7%, though local credit unions sometimes offer more competitive rates. It's wise to compare offers from multiple Broomfield-based lenders to secure the best rate for your specific financial situation.
Are there any first-time homebuyer programs specifically available in Broomfield?
Yes, Broomfield homebuyers can access Colorado's CHFA (Colorado Housing and Finance Authority) programs, which offer down payment assistance and competitive interest rates. Additionally, Broomfield County occasionally offers local assistance programs through its Housing Division. These programs are particularly valuable given Broomfield's median home prices, which often exceed $600,000.
How does Broomfield's competitive housing market affect mortgage pre-approval requirements?
Given Broomfield's highly competitive real estate market, sellers typically require fully underwritten pre-approvals rather than basic pre-qualifications. Local lenders familiar with Broomfield's market trends can provide stronger pre-approval letters that carry more weight with sellers. Many successful buyers in Broomfield work with lenders who can offer quick underwriting turnarounds, often within 24-48 hours.
What unique property tax considerations should I know about when getting a mortgage in Broomfield?
Broomfield County has property tax rates around 0.6% of assessed value, which impacts your monthly mortgage payment through escrow. Unlike some Colorado counties, Broomfield is both a city and county, meaning property taxes fund both municipal and county services. Your lender should help you estimate these costs accurately, as they're higher than many other parts of Colorado.
Are there specific mortgage considerations for buying in Broomfield's newer developments like Arista or Anthem?
Yes, newer Broomfield developments often have HOA fees that must be factored into your debt-to-income ratio calculations. Some newer communities may also have special assessment districts or metro district taxes that affect overall housing costs. Lenders familiar with Broomfield's specific developments can help you understand how these additional costs impact your mortgage qualification and monthly payments.
Nearby Cities
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Why Choose a Mortgage Lender in Broomfield?
Local Market Knowledge
Lenders who understand Broomfield'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 Broomfield and get competitive rates on your home loan.