The Best Mortgage Lenders in Frisco, CO
Compare verified mortgage lenders serving Frisco, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Frisco
Featured Mortgage Lenders
Alpine Bank Mortgage Team
Alpine Bank
Alpine Bank stands as one of the most trusted local lenders in the Frisco area with deep community roots and extensive experience serving Summit County's unique mountain real estate market. Their Frisco branch offers personalized service with local loan decision-making, understanding the specific challenges of high-altitude properties and seasonal economies. They consistently receive outstanding reviews for their responsive communication, competitive rates for Colorado mountain communities, and expertise with construction loans and vacation property financing.
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Summit Mortgage Corporation
Summit Mortgage Corporation
As a premier mortgage broker serving Summit County for over three decades, Summit Mortgage Corporation has built an exceptional reputation for handling complex mountain property transactions in Frisco and surrounding communities. Their team specializes in luxury homes, investment properties, and unique financing situations common in resort markets. With consistently near-perfect ratings, they're praised for their deep local market knowledge, creative problem-solving for challenging properties, and exceptional customer service throughout the loan process.
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The Mortgage Company
The Mortgage Company
While based in Denver, The Mortgage Company has extensive experience serving the Frisco and Summit County market with a dedicated team familiar with mountain property financing. They offer a comprehensive range of loan products with particularly strong capabilities in construction lending and jumbo loans for high-value properties. Their high volume of positive reviews highlights their efficient processing, competitive rate pricing, and expertise in navigating the unique appraisal and insurance requirements of mountain communities.
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Frequently Asked Questions
Common questions about mortgage lending in Frisco, CO
What are the current mortgage rates like in Frisco, CO, and how do they compare to national averages?
Mortgage rates in Frisco are often very competitive with national averages, but can be slightly influenced by local market demand and the higher cost of living in Summit County. It's wise to shop around with both local Colorado lenders and national institutions, as local lenders may have better insight into the unique Frisco real estate market, including condos and mountain properties.
Are there any special loan programs for first-time homebuyers in Frisco?
Yes, the Colorado Housing and Finance Authority (CHFA) offers several first-time homebuyer programs with competitive interest rates and down payment assistance, which are accessible in Frisco. Additionally, Summit County sometimes has local assistance initiatives, so it's beneficial to check with a local mortgage broker who is familiar with all available county and state resources.
How does the high percentage of vacation homes and short-term rentals in Frisco affect mortgage lending?
Lenders often classify properties in Frisco as second homes or investment properties if they are not a primary residence, which typically requires a larger down payment (often 10-20% or more) and carries a higher interest rate. You'll need to provide documentation of your primary residence and may face stricter rental income qualifications if you plan to use projected short-term rental income to help qualify for the loan.
What unique property considerations in Frisco could impact my mortgage process?
Frisco's location in a mountain environment means lenders may require specific inspections for properties with features like steep driveways, septic systems in rocky soil, or wood-burning stoves that need WETT certifications. Additionally, condos must often be on an approved FHA or VA list, which can be a hurdle given the number of condo projects in the area.
Is it difficult to get a jumbo loan in Frisco due to the high home prices?
Jumbo loans are common in Frisco due to the high median home price, but they come with stricter requirements, including excellent credit scores (often 700+), lower debt-to-income ratios, and significant cash reserves. Working with a lender experienced in the Summit County market is crucial, as they understand the appraisal process for high-value mountain properties.
Why Choose a Mortgage Lender in Frisco?
Local Market Knowledge
Lenders who understand Frisco'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 Frisco and get competitive rates on your home loan.