The Best Mortgage Lenders in Lyons, CO
Compare verified mortgage lenders serving Lyons, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lyons
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly-rated lender with a strong local presence in Boulder County, serving Lyons residents with competitive rates and personalized service. Founded in 1996, they have built a reputation for excellence in customer satisfaction, offering a wide range of loan options and efficient processing. Their team is known for guiding clients through the mortgage process with expertise and care, making them a top choice in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a reputable lender with a branch in Boulder that actively serves the Lyons area. Founded in 2003, they are praised for their innovative digital tools and diverse loan products, including options for first-time homebuyers and those with unique financial situations. Their high customer ratings reflect a commitment to transparency, competitive rates, and exceptional support throughout the loan process.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a well-established lender with a local office in Boulder, providing reliable mortgage services to Lyons and surrounding communities. Founded in 2008, they are known for their fast loan approvals and community-focused approach, offering a variety of loan types to meet different needs. Their strong customer feedback highlights their dedication to smooth transactions and responsive service.
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Frequently Asked Questions
Common questions about mortgage lending in Lyons, CO
What are current mortgage rates like for homes in Lyons, CO?
Mortgage rates in Lyons typically align with national averages but can be slightly influenced by local market conditions and property types common in the area. For Boulder County properties like those in Lyons, rates for 30-year fixed mortgages generally range from 6.5% to 7.5% as of late 2023, though these fluctuate regularly. Working with a local lender familiar with Lyons' unique market can help secure the most competitive rate for your specific situation.
Are there any special loan programs for first-time homebuyers in Lyons?
Yes, Lyons homebuyers can access several Colorado-specific programs including CHFA (Colorado Housing and Finance Authority) loans which offer competitive rates and down payment assistance. Additionally, Boulder County may offer additional assistance programs for income-qualified buyers. These programs are particularly valuable in Lyons where housing prices have risen significantly in recent years.
How does Lyons' floodplain designation affect mortgage lending?
Many properties in Lyons require flood insurance due to the town's history with flooding, particularly after the 2013 flood. Lenders will typically require a flood elevation certificate and flood insurance for properties in designated flood zones, which can add $500-$2,000 annually to your housing costs. It's crucial to verify a property's flood zone status early in the homebuying process.
What unique challenges should I expect when getting a mortgage for a Lyons property?
Lyons presents several unique challenges including older housing stock that may require specialized loans like renovation mortgages, limited housing inventory driving competitive bidding, and properties with wells and septic systems that require additional inspections. Many homes also feature unique characteristics like mountain views or river frontage that can complicate appraisals compared to standard suburban properties.
Are there any local down payment assistance programs specific to Lyons?
While no programs are exclusive to Lyons, Boulder County's Down Payment Assistance Program serves Lyons residents and offers up to $40,000 in assistance for qualifying buyers. The Town of Lyons also participates in state-wide programs that provide grants and second mortgages to help with down payments and closing costs, particularly important given Lyons' median home prices exceeding Boulder County averages.
Why Choose a Mortgage Lender in Lyons?
Local Market Knowledge
Lenders who understand Lyons'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 Lyons and get competitive rates on your home loan.