What types of mortgage loans do you offer in Colorado?

We offer a comprehensive range of mortgage products including conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, and specialized mountain property financing. Our team specializes in Colorado mountain communities like Vail, Telluride, Boulder, and Steamboat Springs.

How long does the mortgage approval process take?

Our streamlined process typically takes 21-30 days from application to closing. For pre-approval, we can often provide a decision within 24-48 hours. We work efficiently to meet your closing timeline while ensuring all documentation is properly handled.

Do you work with first-time homebuyers?

We specialize in helping first-time homebuyers navigate the mortgage process. We offer first-time buyer programs, down payment assistance options, and educational resources to make your home buying journey as smooth as possible.

What are current mortgage rates in Colorado?

Mortgage rates change daily based on market conditions. Contact us for current rates and personalized quotes. We offer competitive rates and can help you lock in your rate at the right time. Rates vary based on loan type, credit score, and down payment.

Can you help with mountain property financing?

Yes! We're experts in mountain property financing throughout Colorado. We understand the unique challenges of mountain real estate including seasonal access, well and septic systems, and vacation rental properties. We offer specialized loan products for these unique properties.

What is the easiest house loan to get approved for?

FHA loans are generally the easiest home loans to get approved for, requiring a minimum credit score of 580 with 3.5% down payment. They also allow higher debt-to-income ratios up to 50% and accept gift funds for the entire down payment. VA loans (for veterans) and USDA loans (for rural areas) also offer very accessible requirements with zero down payment.

What credit score is needed for a mortgage?

Minimum credit scores vary by loan type: FHA loans require 580 (or 500 with 10% down), conventional loans require 620, VA loans have no official minimum but most lenders want 620+, and jumbo loans typically require 700-720. Scores of 740+ qualify for the best interest rates. Cedar Home Loans works with borrowers across the credit spectrum.

What salary do you need for a $400,000 mortgage?

To afford a $400,000 mortgage, you generally need a gross annual income of approximately $100,000 to $115,000 depending on your interest rate, other debts, and down payment. At 6% interest, the monthly principal and interest payment is about $2,398. Using the 28% housing cost rule, you'd need roughly $8,564 in gross monthly income.