The Best Mortgage Lenders in Denver, CO
Compare verified mortgage lenders serving Denver, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Denver
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is one of the top-rated mortgage lenders in Denver with an exceptional 4.9-star rating across multiple review platforms. They've revolutionized the mortgage industry with their digital mortgage platform, offering incredibly fast closings and a completely online experience. Their Denver office consistently receives praise for local expertise, competitive rates, and exceptional customer service. With over two decades of experience, they specialize in all loan types including conventional, FHA, VA, and jumbo loans, making them a versatile choice for Denver homebuyers and refinancers alike.
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Elevations Credit Union
Elevations Credit Union
Elevations Credit Union has been serving the Front Range community for over six decades and maintains one of the highest customer satisfaction ratings in the Denver metro area. As a member-owned financial cooperative, they consistently offer competitive rates and personalized service that larger banks can't match. Their mortgage team specializes in first-time homebuyer programs, construction loans, and various government-backed loans. With multiple branches throughout the Denver-Boulder corridor and excellent online banking capabilities, they provide both convenience and local expertise that Denver homebuyers appreciate.
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The Mortgage Network
The Mortgage Network, Inc.
The Mortgage Network has been a trusted name in Denver mortgage lending for over three decades, building a reputation for exceptional service and local market expertise. They consistently earn 4.8-star ratings from clients who praise their responsiveness, transparency throughout the process, and ability to secure competitive rates. As a locally-owned mortgage broker, they have access to numerous wholesale lenders, allowing them to find the best loan products for each individual situation. Their team specializes in complex scenarios, investment properties, and helping clients navigate Denver's competitive real estate market with strong pre-approvals.
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Frequently Asked Questions
Common questions about mortgage lending in Denver, CO
What are the current mortgage rates like in Denver, CO?
Denver mortgage rates typically run slightly above the national average due to high demand and competitive market conditions. As of late 2024, rates for 30-year fixed mortgages in Denver generally range from 6.5% to 7.25%, depending on credit score and loan type. It's important to shop multiple lenders since even small rate differences can significantly impact your monthly payment in Denver's expensive housing market.
Are there any first-time homebuyer programs specific to Denver?
Yes, the Colorado Housing and Finance Authority (CHFA) offers several first-time homebuyer programs with down payment assistance and competitive rates specifically for Denver homebuyers. Additionally, the City and County of Denver provides its own down payment assistance program that can provide up to $30,000 in forgivable loans for qualified buyers in certain neighborhoods. These programs often have income limits and home price caps that reflect Denver's market conditions.
How does Denver's competitive housing market affect the mortgage process?
Denver's low inventory and high demand mean you'll likely face multiple offers, which requires having a strong pre-approval and potentially waiving certain contingencies. Many sellers expect quick closing timelines of 30 days or less, so having your financial documentation ready is crucial. Consider getting underwriting pre-approval rather than just pre-qualification to make your offer more competitive in Denver's fast-moving market.
What special mortgage considerations should I know about for Denver's different neighborhoods?
Denver's neighborhood variations can significantly impact your mortgage options. Some areas may qualify for specific loan programs like VA loans near military facilities or FHA loans in certain zip codes. Additionally, properties in historic districts like Baker or Congress Park may have renovation loan considerations, while condos in high-rises downtown often have higher HOA fees that affect debt-to-income ratios.
How do Denver's property taxes and insurance costs affect mortgage payments?
Denver County property taxes average around 0.55% of assessed value, which is relatively low compared to national averages but still significant given Denver's high home prices. Homeowners insurance costs in Denver have been rising due to increased wildfire and hail risk, typically adding $1,200-$2,000 annually to your mortgage payment. These escrow items can substantially increase your total monthly payment beyond just principal and interest.
Nearby Cities
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Why Choose a Mortgage Lender in Denver?
Local Market Knowledge
Lenders who understand Denver'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 Denver and get competitive rates on your home loan.