NMHL Mortgage Lending
Mortgage Lender in Colorado Springs, CO
Local expertise and competitive rates for Colorado Springs homebuyers.
Colorado Springs, CO, is experiencing a dynamic housing market, with a current median home price of around $430,000. As a borrower in this vibrant city, you're likely navigating a range of mortgage options to find the best fit for your needs. At National Mortgage Home Loans (NMHL), we understand the local market conditions and are committed to helping you achieve your homeownership goals with competitive rates and personalized service.
Our expertise extends to serving underserved borrowers, including those with bad credit, self-employed individuals, first-time buyers, and veterans. With NMHL, you can explore a variety of mortgage programs, including FHA, VA, USDA, Conventional, and Jumbo loans, designed to meet the unique needs of Colorado Springs residents.
Whether you're looking to purchase a home in a desirable neighborhood like Old Colorado City or Briargate, or seeking to refinance your existing mortgage, NMHL is here to guide you through the process. Our local knowledge and extensive mortgage experience enable us to provide tailored solutions that fit your financial situation and homeownership aspirations.
Colorado Springs Housing Market Overview
Explore mortgage options in Colorado Springs, CO with NMHL. Our local expertise helps you navigate the Colorado Springs real estate market with competitive rates and personalized service.
See What You Qualify For
Takes about 5 minutes. No obligation. No credit check until you are ready.
Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Colorado Springs
Explore mortgage options tailored to Colorado Springs homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
Learn MoreWhat Our Clients Say
Real reviews from Google — no cherry-picking
Our Presence
Click on endorsed states to see our direct resources!
Understanding the Colorado Springs Housing Market
The Colorado Springs housing market is characterized by a mix of established neighborhoods and new developments. The median home price is around $430,000, with prices varying depending on factors like location, property type, and amenities. As a borrower, it's essential to understand the local market conditions and trends to make informed decisions.
Some of the most desirable neighborhoods in Colorado Springs include:
- Old Colorado City, known for its historic charm and boutique shopping
- Briargate, recognized for its family-friendly atmosphere and top-rated schools
- Downtown Colorado Springs, with its vibrant cultural scene and entertainment options
Stay informed about local market trends and conditions to make the most of your mortgage options in Colorado Springs.
Mortgage Options for Colorado Springs Borrowers
At NMHL, we offer a range of mortgage options designed to meet the unique needs of Colorado Springs borrowers. Our programs include:
- FHA loans, ideal for first-time homebuyers or those with lower credit scores
- VA loans, available to eligible veterans and service members
- USDA loans, suitable for borrowers purchasing homes in rural areas
- Conventional loans, offering competitive rates and terms
- Jumbo loans, designed for higher-priced homes or luxury properties
Our mortgage experts will work with you to identify the best mortgage solution for your financial situation and homeownership goals.
Explore your mortgage options with NMHL and take the first step towards homeownership in Colorado Springs.
Down Payment Assistance Programs in Colorado Springs
Down payment assistance programs can be a valuable resource for homebuyers in Colorado Springs. The Colorado Housing and Finance Authority (CHFA) offers several programs, including the CHFA Down Payment Assistance Program, which provides up to 4% of the home's purchase price. NMHL also offers various down payment assistance options, including the NMHL Advantage program.
To qualify for these programs, borrowers typically need to meet specific income and credit score requirements. Our mortgage experts can help you navigate the eligibility criteria and application process.
Don't let down payment requirements hold you back from achieving your homeownership goals. Explore down payment assistance programs with NMHL.
NMHL's Commitment to Serving Underserved Borrowers
At NMHL, we're dedicated to serving underserved borrowers, including those with bad credit, self-employed individuals, first-time buyers, and veterans. Our mortgage experts understand the unique challenges faced by these borrowers and are committed to providing personalized solutions.
We offer a range of mortgage programs designed to meet the needs of underserved borrowers, including alternative credit scoring models and more lenient income verification processes.
Don't let credit challenges or financial hurdles hold you back. Contact NMHL to explore your mortgage options and achieve your homeownership goals.
Frequently Asked Questions
Colorado Springs boasts a range of desirable neighborhoods, including Old Colorado City, known for its historic charm, and Briargate, recognized for its family-friendly atmosphere. Other popular areas include Downtown Colorado Springs, with its vibrant cultural scene, and the more suburban neighborhoods like Security-Widefield and Fountain.
Property taxes in Colorado Springs are calculated based on the actual value of the property, with an assessment rate applied to determine the taxable value. The average effective property tax rate in El Paso County, where Colorado Springs is located, is around 0.57%. This means that on a $400,000 home, the annual property tax would be approximately $2,280.
Colorado Springs is served by several school districts, including Academy School District 20, Colorado Springs School District 11, and Fountain-Fort Carson School District 8. Highly-rated school districts can positively impact home values, as they are often a key consideration for homebuyers. Academy School District 20, for example, is known for its high academic achievement and is a draw for families.
Yes, there are several down payment assistance programs available to homebuyers in Colorado Springs. The Colorado Housing and Finance Authority (CHFA) offers down payment assistance programs, including the CHFA Down Payment Assistance Program, which provides up to 4% of the home's purchase price. NMHL also offers various down payment assistance options, including the NMHL Advantage program.
While bad credit can present challenges, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our experts will work with you to explore available programs and identify the best path forward. We consider factors beyond credit score, such as income, debt-to-income ratio, and overall financial health.
First-time homebuyers in Colorado Springs can explore various mortgage options, including FHA loans, which offer more lenient credit score requirements and lower down payment options. NMHL also offers specialized programs, such as the NMHL First-Time Homebuyer Program, designed to help first-time buyers achieve their homeownership goals.
Related Resources
Ready to Buy in Colorado Springs?
Let NMHL help you navigate the Colorado Springs housing market with expert guidance and competitive rates.