Loan Types

We'll find the right loan for you

Choosing the right type of loan could save you thousands of dollars
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Most Popular Loans

Popular loans for home-buyers

Most Popular

30-year Fixed-rate

The longer term with a fixed rate means lower monthly payments, making it an affordable and predictable way to achieve your homeownership goals.

Benefits
  • Low monthly payments
  • Down payment as low as 3%
  • Fast to close
Great for high-priced homes

Jumbo

Buying in a high-cost area of the country? You'll probably need a Jumbo loan. While jumbos are a bit harder to qualify for, their interest rates tend to be a bit lower.

Benefits
  • Very low interest rates
  • Down payment as low as 3.5%
  • Loan amounts up to $3 million
Great for first-time buyers

FHA

With easier qualification criteria, low rates, and low down payment requirements, FHA loans are a great option for low- to moderate-income buyers with fair credit scores.

Benefits
  • Low interest rates
  • Down payment as low as 3.5%
  • Fast to close
Great to reduce interest costs

15-year Fixed-rate

Just want to pay less interest for your loan? Get a lower rate and pay it off faster with a 15-year fixed-rate mortgage.

Benefits
  • Lower interest rates
  • Down payment as low as 3%
  • Fast to close
Great for US military

VA Mortgage

If you're an eligible service member (active-duty or veteran), you could qualify for a 0% down payment, low interest loan backed by the VA.

Benefits
  • $0 down payment options
  • Low interest rates
  • No mortgage insurance required
Great for flexibility

ARM

If you plan to move in the next 5-10 years, an ARM can be a great option to keep interest rates and monthly payments low.

Benefits
  • Lower initial interest rates
  • Down payments as low as 5%
  • Can work with jumbo loans
Afford Colorado is not affiliated or endorsed by the US government, the Federal Housing Administration, or Department of Veterans Affairs.

Get Personalized Advice

Which loan is right for you?

All the different loan types can feel complicated and confusing, especially for first-time home buyers, but we're here to help.

Our Loan Officers help clients find a loan that fits their personal financial situation.

Next Step

See how much you qualify for

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