The Best Mortgage Lenders in Gilcrest, CO
Compare verified mortgage lenders serving Gilcrest, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gilcrest
Featured Mortgage Lenders
Elevations Credit Union Mortgage Team
Elevations Credit Union
Elevations Credit Union stands out as one of northern Colorado's most highly-rated mortgage lenders, consistently earning top marks for customer satisfaction and competitive rates. While headquartered in Boulder, they actively serve the entire Front Range including Gilcrest and Weld County. Their mortgage team provides personalized service with local decision-making, offering a comprehensive range of loan products including specialized rural housing programs that benefit Gilcrest residents. Members praise their responsive communication, transparent process, and ability to close loans efficiently.
Loan Types:
The Mortgage Company
The Mortgage Company
Located just minutes from Gilcrest in Greeley, The Mortgage Company has built an exceptional reputation throughout Weld County for their expertise in local market conditions and agricultural lending. They specialize in serving rural communities like Gilcrest with tailored mortgage solutions, particularly strong in USDA and VA loan programs. Their local presence allows for face-to-face consultations and deep understanding of northern Colorado's unique housing market. Customers consistently highlight their competitive rates, thorough guidance through the entire mortgage process, and exceptional customer service.
Loan Types:
FirstBank Mortgage Services
FirstBank
FirstBank maintains a strong physical presence in Greeley with multiple branches serving the Gilcrest area, making them a convenient and trusted local option for mortgage lending. As Colorado's largest locally-owned bank, they understand the specific needs of Weld County residents and offer competitive mortgage products with the stability of an established financial institution. Their mortgage team provides personalized service with local underwriting decisions, and they're particularly noted for their construction lending expertise - valuable in growing communities like Gilcrest. Customers appreciate their straightforward approach and reliable follow-through.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Gilcrest, CO
What are the current mortgage rates like for homes in Gilcrest, CO?
Mortgage rates in Gilcrest typically align with national averages but can be influenced by Colorado's competitive housing market. As of recent trends, rates for 30-year fixed mortgages in Weld County generally range from 6.5% to 7.5%, though borrowers with excellent credit may secure slightly lower rates. It's advisable to compare offers from both local Colorado lenders and national institutions for the best terms.
Are there any first-time homebuyer programs specific to Gilcrest that I should know about?
While Gilcrest itself doesn't offer city-specific programs, homebuyers can access several Colorado state programs like CHFA (Colorado Housing and Finance Authority) loans, which provide competitive rates and down payment assistance. These programs are particularly valuable in Gilcrest's affordable housing market, where median home prices are below state averages, making homeownership more accessible with lower income requirements.
How does Gilcrest's agricultural zoning affect mortgage lending?
Many properties in and around Gilcrest have agricultural zoning, which can impact mortgage options. Conventional lenders may have restrictions on properties with acreage or agricultural use, often requiring larger down payments or specialized rural property loans. It's crucial to work with lenders experienced in Weld County's unique property types to navigate these requirements successfully.
What special considerations should I know about getting a mortgage for older homes in Gilcrest?
Gilcrest has many historic and older homes that may require additional scrutiny during the mortgage process. Lenders typically require thorough home inspections and may mandate repairs for safety issues before approving loans. FHA 203(k) renovation loans can be particularly useful for these properties, allowing buyers to finance both purchase and renovation costs in a single mortgage.
How do property taxes in Weld County impact mortgage payments in Gilcrest?
Weld County property taxes are relatively moderate compared to other Colorado counties, currently around 0.6% of assessed value. This means your monthly mortgage payment (including escrow) will be more affordable than in many Front Range communities. However, property values have been rising steadily, so it's wise to budget for potential tax increases when calculating your long-term housing costs.
Why Choose a Mortgage Lender in Gilcrest?
Local Market Knowledge
Lenders who understand Gilcrest'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 Gilcrest and get competitive rates on your home loan.