NMHL Mortgage Lending
Mortgage Lender in Colorado Springs, CO
Local expertise and competitive rates for Colorado Springs homebuyers.
Colorado Springs is experiencing a dynamic housing market, with a median home price of $440,000. The city's unique blend of natural beauty, outdoor recreation, and a strong military economy makes it an attractive destination for homebuyers. At National Mortgage Home Loans (NMHL), we understand the local market conditions and offer a range of mortgage programs tailored to Colorado Springs borrowers, including those with bad credit, self-employed individuals, and veterans.
Our expertise in serving underserved borrowers positions us well to help Colorado Springs residents achieve their homeownership goals. With competitive rates and flexible terms, NMHL is the go-to lender for Colorado Springs homebuyers. Whether you're a first-time buyer or looking to refinance, our knowledgeable loan officers are here to guide you through the process.
Colorado Springs Housing Market Overview
Colorado Springs offers mountain living at lower prices than Denver, with a strong military economy anchored by Fort Carson, Peterson Space Force Base, and the Air Force Academy. The city's natural beauty and outdoor recreation rival any in the state.
Colorado Springs Neighborhoods
Popular areas for homebuyers in Colorado Springs, CO
ZIP Codes We Serve in Colorado Springs
Mortgage lending available in these Colorado Springs ZIP codes
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
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Colorado Springs Housing Market Trends
The Colorado Springs housing market is characterized by steady growth, driven by the city's natural beauty, outdoor recreation opportunities, and a strong economy. The median home price is $440,000, with a range of housing options available from affordable starter homes to luxury properties. Inventory remains relatively low, making it essential for buyers to be prepared to act quickly when they find the right property.
The city's proximity to major military installations and a growing tech industry contribute to its economic stability. Job growth is steady, with a diverse range of industries represented. This stability supports the housing market, making Colorado Springs an attractive destination for homebuyers.
Stay ahead of the competition with NMHL's pre-approval process. Get pre-approved today and be ready to make an offer on your dream home.
Neighborhood Spotlight: Colorado Springs' Most Popular Areas
Colorado Springs is home to a diverse range of neighborhoods, each with its unique character and advantages. Some of the most popular areas include:
- Broadmoor: Known for its scenic views and upscale homes
- Briargate: A family-friendly neighborhood with top-rated schools
- Old Colorado City: A charming historic district with boutique shopping and dining
- Manitou Springs: A vibrant arts community with a small-town feel
- Flying Horse: A master-planned community with amenities and recreational opportunities
Our knowledgeable loan officers are familiar with these neighborhoods and can help you find the perfect fit for your needs and budget.
Let NMHL help you navigate the Colorado Springs housing market. Contact us today to discuss your mortgage options.
Mortgage Options for Colorado Springs Borrowers
At NMHL, we offer a range of mortgage programs tailored to Colorado Springs borrowers, including:
- Conventional loans with competitive rates and terms
- FHA loans for first-time buyers or those with lower credit scores
- VA loans for veterans and active-duty personnel
- Jumbo loans for high-end properties
Our loan officers will work with you to identify the best mortgage option for your situation and provide guidance on the application process.
Take the first step towards homeownership with NMHL. Get pre-approved today and discover your mortgage options.
Down Payment Assistance in Colorado Springs
NMHL offers various down payment assistance programs to help Colorado Springs borrowers achieve their homeownership goals. These programs include:
- Down payment assistance grants
- Matching funds programs
- Low-interest loans for down payment and closing costs
Our loan officers can help you determine the best program for your situation and provide guidance on the application process.
Don't let down payment costs hold you back. Explore NMHL's down payment assistance programs today.
Frequently Asked Questions
The average effective property tax rate in Colorado Springs is 0.50%. This is relatively low compared to other parts of Colorado, making it an attractive feature for homebuyers. However, it's essential to factor property taxes into your overall housing costs when considering a home purchase.
NMHL offers various down payment assistance programs, including options for as low as 3.5% down. To qualify, you'll typically need to meet specific income limits, credit score requirements, and complete a homebuyer education course. Our loan officers can help you determine the best program for your situation.
Some of the most sought-after neighborhoods in Colorado Springs include Broadmoor, Briargate, Old Colorado City, Manitou Springs, and Flying Horse. Each area has its unique character and advantages, from scenic views to top-rated schools. Our knowledge of these neighborhoods can help you find the perfect fit for your needs.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. While credit score requirements vary depending on the program, we have options available for credit scores as low as 580. Our loan officers will work with you to identify the best course of action and provide guidance on improving your credit score.
Absolutely. As a VA-approved lender, NMHL offers VA loans with zero down payment options and competitive rates. Colorado Springs is home to several major military installations, making VA loans a popular choice among local veterans and active-duty personnel. Our experienced loan officers are well-versed in VA loan requirements and can help you navigate the process.
School districts play a significant role in determining home values in Colorado Springs. Top-rated districts like Academy School District 20 and Cheyenne Mountain School District 12 can increase property values and attract families to the area. When searching for a home, it's essential to consider the local school district and its impact on your investment.
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Ready to Buy in Colorado Springs?
Let NMHL help you navigate the Colorado Springs housing market with expert guidance and competitive rates.