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Olney Springs, CO

The Best Mortgage Lenders in Olney Springs, CO

Compare verified mortgage lenders serving Olney Springs, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
705+
Reviews
11
Loan Types

Available Loan Programs in Olney Springs

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Land
Agricultural
Home Equity
First-time Homebuyer

Featured Mortgage Lenders

1

Mortgage Solutions Financial

Mortgage Solutions Financial

★★★★☆
4.9/5

Mortgage Solutions Financial is a highly-rated local mortgage broker serving Southern Colorado communities including Olney Springs. With nearly two decades of experience, they specialize in rural and agricultural property financing, making them particularly well-suited for the Olney Springs area. Their team has deep knowledge of USDA loans which are relevant for this rural community. Customers consistently praise their personalized service, competitive rates, and expertise in navigating complex rural property transactions. They maintain a 4.9-star rating across multiple review platforms and are known for their responsiveness and local market knowledge.

Experience:18 years
Reviews:185 customer reviews
102 Colorado Avenue, Pueblo, CO 81005

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Pueblo Bank & Trust

Pueblo Bank & Trust

★★★★☆
4.7/5

As Southern Colorado's oldest locally-owned bank, Pueblo Bank & Trust has been serving communities like Olney Springs for over a century. They have specialized expertise in agricultural and rural property lending, which is essential for the Olney Springs area. Their local decision-making process allows for more flexible underwriting compared to national lenders. Customers appreciate their community-focused approach, competitive rates for rural properties, and deep understanding of the local real estate market. With multiple branches throughout the region, they offer convenient in-person service while maintaining strong digital capabilities.

Experience:138 years
Reviews:92 customer reviews
119 W 5th Street, Pueblo, CO 81003

Loan Types:

ConventionalConstructionLandAgriculturalHome EquityRefinance
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3

Ent Credit Union

Ent Credit Union

★★★★☆
4.8/5

Ent Credit Union is Colorado's largest credit union with a strong presence throughout Southern Colorado, including service to Olney Springs residents. They offer competitive mortgage rates and exceptional member service, consistently earning high ratings from customers. Their expertise in USDA loans makes them particularly valuable for rural communities like Olney Springs. Members praise their low closing costs, personalized service, and educational approach to home financing. With multiple branches in the region and robust online services, they provide both convenience and local expertise. Their not-for-profit structure often results in better rates and terms for borrowers.

Experience:66 years
Reviews:428 customer reviews
7355 N Academy Blvd, Colorado Springs, CO 80920

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Olney Springs, CO

What are the current average mortgage rates for homebuyers in Olney Springs, CO?

Mortgage rates in Olney Springs typically align with national averages but can be slightly influenced by the rural nature of Crowley County. As of late 2023, 30-year fixed rates generally range from 6.5% to 7.5%, but working with a local lender who understands the area's specific property types and market can help secure competitive terms. Rates for USDA loans, which are popular here, may offer more favorable terms for eligible properties.

Are there any special mortgage programs available for first-time homebuyers in Olney Springs?

Yes, first-time homebuyers in Olney Springs should explore the CHFA (Colorado Housing and Finance Authority) programs, which offer down payment assistance and competitive interest rates. Additionally, because Olney Springs is in a rural area, many properties qualify for USDA loans that require no down payment, making homeownership more accessible for qualified buyers with moderate incomes.

How does the appraisal process work for unique or older properties in Olney Springs?

Appraising older or unique properties in Olney Springs can be challenging due to limited comparable sales in this small rural community. Lenders often work with appraisers familiar with Crowley County to ensure they properly value properties with features like large lots, agricultural potential, or historic elements. It's wise to choose a mortgage lender with local experience to navigate potential appraisal gaps.

What should I know about property taxes and insurance when getting a mortgage in Olney Springs?

Crowley County property taxes are relatively affordable compared to urban Colorado areas, typically around 0.5% of assessed value. However, homeowners insurance can be higher due to rural fire protection costs and potential for severe weather. Your mortgage lender will help estimate these escrow payments, but budgeting for both is crucial for accurate monthly payment calculations.

Are there any local down payment assistance programs specifically for Olney Springs residents?

While Olney Springs itself doesn't offer municipal programs, Crowley County residents can access Colorado's statewide assistance programs. The CHFA Down Payment Assistance Grant provides up to 3% of the loan amount, and some lenders offer special programs for rural homebuyers. Working with a Colorado-based mortgage lender will help you identify all available local and state resources.

Nearby Cities

Explore mortgage lenders in cities near Olney Springs, CO

Why Choose a Mortgage Lender in Olney Springs?

Local Market Knowledge

Lenders who understand Olney Springs'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 Olney Springs and get competitive rates on your home loan.