The Best Mortgage Lenders in Erie, CO
Compare verified mortgage lenders serving Erie, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Erie
Featured Mortgage Lenders
Bell Bank Mortgage
Bell Bank Mortgage
Bell Bank Mortgage consistently ranks among the highest-rated mortgage lenders in Colorado with exceptional customer satisfaction ratings. They specialize in personalized service and competitive rates, serving the entire Front Range including Erie. Their team of experienced loan officers provides comprehensive guidance through the entire mortgage process, from pre-approval to closing. Known for their transparency and reliability, they offer a wide range of loan products with particularly strong programs for first-time homebuyers and veterans.
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Premier Members Credit Union
Premier Members Credit Union
As a well-established Colorado credit union, Premier Members Credit Union has served the Boulder County area for decades, including Erie residents. They offer highly competitive rates and low fees typical of credit unions, along with exceptional member service. Their mortgage team provides local decision-making and personalized attention throughout the loan process. PMCU is particularly known for their first-time homebuyer programs and construction loans, with mortgage specialists who understand the unique dynamics of the Erie and Boulder County housing markets.
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Cherry Creek Mortgage
Cherry Creek Mortgage Co.
Cherry Creek Mortgage has been a trusted Colorado mortgage lender for over three decades with multiple offices serving the Denver metro area and Erie. They combine the resources of a large lender with local expertise and decision-making. Their loan officers are known for their deep knowledge of Colorado's unique mortgage landscape and ability to navigate complex financing situations. The company receives consistently high marks for communication, efficiency, and finding creative solutions for borrowers, making them particularly valuable in competitive housing markets like Erie.
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Frequently Asked Questions
Common questions about mortgage lending in Erie, CO
What are the current mortgage rates like for homes in Erie, CO?
Mortgage rates in Erie typically align with national averages but can be influenced by local market competition. Currently, Erie's competitive real estate market means lenders may offer competitive rates to attract buyers, with 30-year fixed rates generally ranging from the mid-6% to low-7% range. It's wise to compare offers from both local Colorado lenders and national institutions for the best terms.
Are there any first-time homebuyer programs specific to Erie that can help with down payments?
Yes, Erie homebuyers can access Colorado's first-time homebuyer programs like CHFA (Colorado Housing and Finance Authority) loans, which offer competitive interest rates and down payment assistance. While Erie doesn't have its own city-specific program, CHFA options are widely used here and can be combined with certain lender grants. These programs are particularly valuable given Erie's rising home prices.
How does Erie's rapid growth affect mortgage lending and home values?
Erie's significant population growth and development have created a competitive housing market with appreciating home values, which impacts mortgage lending. Lenders may require more thorough appraisals due to rapidly changing comparable sales, and you might need larger down payments to compete in multiple-offer situations. This growth also means lenders are very familiar with Erie's market dynamics.
What special considerations should I know about when getting a mortgage for Erie's newer construction homes?
Many new construction developments in Erie require builder-approved lenders and may offer closing cost incentives. You'll typically need a construction-to-permanent loan, and the appraisal process can be more complex since comparables might be limited in newly developed areas. It's crucial to work with a lender experienced in Erie's new construction market, particularly in communities like Erie Village and Flatiron Meadows.
Are there any local property tax considerations that affect mortgage payments in Erie?
Yes, Erie property taxes are relatively moderate compared to other Front Range communities but have been increasing with new infrastructure needs. Your mortgage lender will factor in current mill levies (approximately 70-90 mills depending on specific location) when calculating escrow payments. Note that properties in both Boulder and Weld County portions of Erie have slightly different tax rates, which affects your total monthly payment.
Why Choose a Mortgage Lender in Erie?
Local Market Knowledge
Lenders who understand Erie'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 Erie and get competitive rates on your home loan.