Last Updated: 04/18/2025
1st Colorado Mortgage Solutions Mortgage Refinance
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Mortgage Refinance
Filter & compare all your options in one place.
Highlights
Credit Score Range
N/A
Amount Range
Up to $3,000,000
Loan Term (Years)
10 - 30
1st Colorado Mortgage Solutions Mortgage Refinance Review
1st Colorado Mortgage Solutions Mortgage Refinance is offered by 1st Colorado Mortgage Solutions, Inc. (NMLS #394057), a direct lender founded in 2008 and based in Longmont, CO. 1st Colorado Mortgage Solutions Mortgage Refinance are available in 1 state.
Key Takeaways
- Wide selection of mortgage programs offered. 1st Colorado Mortgage Solutions Mortgage Refinance refinances FHA, FHA 203k, USDA, VA, conforming, and conventional mortgages.
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Non-standard interest rates available. 1st Colorado Mortgage Solutions Mortgage Refinance only offers hybrid mortgages.
- Refinance for primary and investment properties. 1st Colorado Mortgage Solutions Mortgage Refinance accepts primary residences and income-producing properties, but not vacation homes.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
1st Colorado Mortgage Solutions Mortgage Refinance Pros & Cons
| Pros | Cons |
|
1st Colorado Mortgage Solutions Mortgage Refinance FAQ
What is the maximum loan term for a mortgage refinance via 1st Colorado Mortgage Solutions Mortgage Refinance?
The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. 1st Colorado Mortgage Solutions Mortgage Refinance offers mortgage refinancing with terms ranging from 10 to 30 years.
How long does 1st Colorado Mortgage Solutions Mortgage Refinance take to refinance?
1st Colorado Mortgage Solutions Mortgage Refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.Does 1st Colorado Mortgage Solutions Mortgage Refinance charge a mortgage origination fee?
Yes, 1st Colorado Mortgage Solutions Mortgage Refinance will charge a loan origination fee .
What mortgage programs does 1st Colorado Mortgage Solutions Mortgage Refinance offer?
1st Colorado Mortgage Solutions Mortgage Refinance offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does 1st Colorado Mortgage Solutions Mortgage Refinance allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. 1st Colorado Mortgage Solutions Mortgage Refinance allows the following property usage types:
- Primary home
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.