The Best Mortgage Lenders in Howard, CO
Compare verified mortgage lenders serving Howard, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Howard
Featured Mortgage Lenders
Academy Bank
Academy Bank
Academy Bank is a Colorado-based lender with a strong regional presence in mountain communities like Howard. Highly rated for personalized service, competitive rates, and expertise in rural and vacation home financing, they offer a full range of loan products and have built a reputation for reliability and local knowledge over nearly two decades.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for exceptional customer service, fast processing, and award-winning performance. With a strong presence in Colorado, they serve Howard residents through local loan officers and offer a wide variety of loan options, backed by high customer satisfaction and decades of experience.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded national lender with a focus on customer-centric services and diverse loan programs. They have excellent reviews for their online tools, competitive rates, and dedicated support, making them a reliable choice for Howard homeowners seeking flexible financing solutions and strong community-oriented service.
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Frequently Asked Questions
Common questions about mortgage lending in Howard, CO
What are current mortgage rates like in Howard, CO, and how do they compare to state averages?
Mortgage rates in Howard are typically very competitive, often slightly below the Colorado state average due to the rural nature of the area and lower population density. However, rates are ultimately determined by your personal credit profile, loan type, and down payment. It's advisable to get quotes from both local credit unions in Chaffee County and national lenders for the best comparison.
Are there any down payment assistance programs available for homebuyers in Howard?
Yes, homebuyers in Howard may be eligible for CHFA (Colorado Housing and Finance Authority) programs, which offer down payment assistance and first-time homebuyer loans. These are particularly valuable in rural areas like Howard where income levels can vary. You should also check with local lenders in Salida or Buena Vista who are familiar with these programs and any county-specific opportunities.
How does the appraisal process work for a unique or rural property in Howard?
Appraising rural properties in Howard can be more complex than in urban areas due to unique land features, well and septic systems, and a lack of comparable sales. It's crucial to work with a lender who uses appraisers experienced with rural Chaffee County properties. This ensures they properly value land, water rights, and any outbuildings, which are common in the Howard area.
What special considerations should I be aware of when getting a mortgage for land or acreage in Howard?
Financing land in Howard often requires a larger down payment, typically 20-50%, as many conventional loans are for improved properties only. If you're purchasing land with a plan to build, a construction-to-permanent loan is a common solution. Lenders will pay close attention to water rights, access, and zoning, which are critical in this rural part of Colorado.
Are USDA loans a viable option for mortgages in Howard, CO?
Absolutely. Howard is located in a USDA-eligible rural area, making USDA loans with zero down payment a popular and excellent option for qualified buyers. Your household income must meet certain limits for Chaffee County, and the property must be located in an eligible zone, which most of Howard is. This can be a fantastic way to achieve homeownership with minimal upfront costs.
Why Choose a Mortgage Lender in Howard?
Local Market Knowledge
Lenders who understand Howard'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 Howard and get competitive rates on your home loan.