The Best Mortgage Lenders in Severance, CO
Compare verified mortgage lenders serving Severance, Colorado. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Severance
Featured Mortgage Lenders
New American Funding
New American Funding, LLC
New American Funding is a highly-rated mortgage lender with a strong presence in Northern Colorado, including Severance. Known for competitive rates and exceptional customer service, they specialize in a wide range of loan products and have a reputation for helping diverse borrowers, including first-time homebuyers. Their local Fort Collins office ensures personalized support and quick processing, backed by numerous positive reviews highlighting their reliability and community involvement.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with deep roots in Colorado, serving Severance and the surrounding areas. They are praised for their competitive rates, fast closings, and dedicated local loan officers. With decades of experience, they offer a comprehensive suite of mortgage options and have a track record of high customer satisfaction, as reflected in their extensive positive reviews and strong community presence.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its efficient processes and strong customer focus, serving Severance from their nearby Loveland office. They offer a variety of loan products with competitive terms and are recognized for their quick turnaround times and excellent communication. With a foundation in community support and high ratings from borrowers, they provide reliable mortgage solutions tailored to the Northern Colorado market.
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Frequently Asked Questions
Common questions about mortgage lending in Severance, CO
What are the current mortgage rates like for homes in Severance, CO?
Mortgage rates in Severance typically align with national averages but can be slightly influenced by Colorado's competitive housing market. Currently, rates for 30-year fixed mortgages range from 6.5% to 7.5% depending on credit score and loan type. It's advisable to compare offers from both local Colorado lenders and national institutions for the best rate.
Are there any first-time homebuyer programs specific to Severance or Weld County?
Yes, Severance homebuyers can access Colorado Housing and Finance Authority (CHFA) programs offering down payment assistance and favorable loan terms. Weld County also has specific programs for moderate-income buyers, including grants that can be combined with CHFA loans. These programs are particularly valuable given Severance's growing popularity and rising home prices.
How does Severance's rapid growth affect mortgage lending and home values?
Severance's status as one of Colorado's fastest-growing towns has led to consistent home value appreciation, which lenders view favorably. This growth means appraisals often come in strong, but it also requires buyers to be prepared for competitive bidding situations. Many lenders in the area are experienced with writing competitive loan approval letters for Severance's active market.
What special considerations should I know about property taxes and insurance for Severance mortgages?
Severance homeowners pay Weld County property taxes, which are among Colorado's lowest, typically around 0.6% of assessed value. However, you'll need to factor in potentially higher homeowners insurance due to Colorado's wildfire risk and hail exposure. Many lenders require escrow accounts for both taxes and insurance in this region.
Are there any local loan programs for buying new construction homes in Severance's developing neighborhoods?
Yes, several builders in Severance's new developments offer preferred lender relationships with incentives like closing cost credits or rate buydowns. CHFA's down payment assistance programs also apply to new construction. Given Severance's numerous new developments, it's worth asking builders about construction-to-permanent loan options that local lenders specialize in.
Why Choose a Mortgage Lender in Severance?
Local Market Knowledge
Lenders who understand Severance'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 Severance and get competitive rates on your home loan.