The Best Mortgage Lenders in Florence, CO
Compare verified mortgage lenders serving Florence, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Florence
Featured Mortgage Lenders
Pueblo Bank & Trust
Pueblo Bank & Trust
Pueblo Bank & Trust is a highly-rated community bank serving Southern Colorado with exceptional mortgage services. As a locally-owned institution with over two decades of experience, they offer personalized service and deep understanding of the Florence area real estate market. Their mortgage team provides competitive rates and flexible loan options with local underwriting decisions, making them a top choice for Florence homebuyers seeking reliable, community-focused lending with the convenience of nearby Pueblo location.
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Ent Credit Union
Ent Credit Union
Ent Credit Union is Colorado's largest credit union with extensive mortgage lending services throughout the state, including Florence and Fremont County. With outstanding customer satisfaction ratings and competitive rates for members, they offer comprehensive mortgage solutions with personalized guidance. Their experienced loan officers specialize in helping rural Colorado homebuyers and provide exceptional member service with various loan programs tailored to individual needs in the Florence area.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage maintains a strong presence in Southern Colorado with dedicated loan officers serving the Florence market. As a nationally recognized mortgage lender with local expertise, they combine competitive rates with personalized service. Their Colorado Springs-based team has extensive experience with rural Colorado properties and offers a wide range of loan programs with efficient processing. Guild's commitment to customer education and flexible financing options makes them a reliable choice for Florence area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Florence, CO
What are the current average mortgage rates for homebuyers in Florence, CO?
Mortgage rates in Florence typically align with national averages but can be slightly influenced by local market conditions and lender competition in Fremont County. As of recent trends, 30-year fixed rates generally range from 6.5% to 7.5%, though these fluctuate regularly. Working with a local lender who understands Florence's specific market dynamics can help you secure the most competitive rate available.
Are there any first-time homebuyer programs specifically available in Florence?
Yes, Florence homebuyers can access Colorado's first-time homebuyer programs like CHFA (Colorado Housing and Finance Authority) loans, which offer competitive rates and down payment assistance. Additionally, Fremont County may have local grants or programs for income-qualified buyers purchasing in Florence. These programs are particularly valuable given Florence's relatively affordable housing market compared to other Colorado communities.
How does Florence's location in a rural area affect mortgage lending options?
Florence's rural designation makes some buyers eligible for USDA loans, which offer 100% financing with no down payment required. This can be particularly advantageous given Florence's mix of town properties and surrounding rural areas. Some lenders may also have specific rural lending programs with flexible qualification requirements tailored to Florence's economic environment.
What unique property types might affect mortgage approval in Florence's historic districts?
Florence's historic properties, particularly in the downtown area, may require special consideration for mortgages since older homes might need additional inspections or repairs to meet lending standards. Some historic properties could qualify for specific rehabilitation loans if they're in designated historic districts. It's important to work with a lender experienced with Florence's mix of historic and newer construction homes.
How do Florence's property taxes impact mortgage payments and affordability?
Fremont County property taxes in Florence are relatively moderate compared to other Colorado locations, currently around 0.5% of assessed value. This lower tax burden can improve overall housing affordability when calculating your total monthly mortgage payment. However, property taxes are reassessed every two years, so it's wise to factor in potential increases when budgeting for your mortgage.
Why Choose a Mortgage Lender in Florence?
Local Market Knowledge
Lenders who understand Florence'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 Florence and get competitive rates on your home loan.