The Best Mortgage Lenders in Englewood, CO
Compare verified mortgage lenders serving Englewood, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Englewood
Featured Mortgage Lenders
Cherry Creek Mortgage
Cherry Creek Mortgage Company, LLC
Cherry Creek Mortgage is a highly respected Colorado-based lender with deep roots in the Denver metro area, including Englewood. Founded in 1987, they have built an exceptional reputation for personalized service and competitive rates. Their local expertise in Colorado's unique real estate market, combined with their comprehensive loan programs and dedicated loan officers, makes them a top choice for Englewood homebuyers. They consistently receive high marks for their responsive communication and ability to close loans efficiently.
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Ent Credit Union
Ent Credit Union
As Colorado's largest credit union, Ent has been serving the Englewood community for decades with exceptional mortgage services. Their not-for-profit structure often translates to lower rates and reduced fees for members. Ent stands out for their local decision-making authority and commitment to member education, offering free homebuyer seminars and one-on-one counseling. Their mortgage team provides personalized guidance through the entire homebuying process, earning them consistently high customer satisfaction ratings.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage brings six decades of lending experience to the Englewood market with a strong local presence in the Denver metro area. They are particularly noted for their innovative loan programs and flexible underwriting, making homeownership accessible to diverse buyers. Their local loan officers have extensive knowledge of Englewood's neighborhoods and market conditions. Guild receives consistent praise for their streamlined digital process combined with personalized service, and they maintain excellent ratings for their responsive support throughout the loan lifecycle.
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Frequently Asked Questions
Common questions about mortgage lending in Englewood, CO
What are the current average mortgage rates in Englewood, CO, and how do they compare to national averages?
Mortgage rates in Englewood typically align closely with national averages but can be slightly influenced by Colorado's competitive housing market. As of recent data, rates in Englewood are often within 0.125% to 0.25% of national figures, with local lenders sometimes offering competitive adjustments due to high demand. It's advisable to compare offers from both local credit unions and national banks operating in the area.
Are there any first-time homebuyer programs specifically available for Englewood residents?
Yes, Englewood homebuyers can access Colorado Housing and Finance Authority (CHFA) programs, which offer down payment assistance and competitive interest rates. Additionally, the City of Englewood occasionally partners with local nonprofits to provide grants or low-interest loans for qualified first-time buyers purchasing within city limits. These programs often have income limits and require homebuyer education courses.
How does Englewood's proximity to Denver affect mortgage lending and housing affordability?
Englewood's location in the Denver metro area creates both advantages and challenges for mortgage seekers. While you benefit from urban amenities and employment opportunities, housing prices are typically higher than national averages due to demand. Lenders may require stronger financial profiles, but the area's stable job market and property value appreciation often make it an acceptable risk for conventional loan approval.
What special considerations should I know about regarding property taxes and insurance when getting a mortgage in Englewood?
Englewood homeowners should budget for Arapahoe County property taxes, which typically range from 0.5% to 0.7% of assessed value. Additionally, Colorado's weather patterns mean lenders often require specific insurance coverage for hail and wind damage, which can affect your total monthly payment calculation. Your mortgage lender should help you estimate these costs accurately during the pre-approval process.
Are there any local Englewood loan programs that help with down payments for moderate-income buyers?
Yes, beyond state programs, Englewood offers local initiatives through organizations like Brothers Redevelopment and the Colorado Housing Assistance Corporation. These programs can provide down payment assistance ranging from 3% to 5% of the purchase price for qualified buyers meeting income requirements, which are specifically adjusted for the Englewood area's median income levels.
Why Choose a Mortgage Lender in Englewood?
Local Market Knowledge
Lenders who understand Englewood'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 Englewood and get competitive rates on your home loan.