Loan Programs

Loan Programs

There are many loan programs to fit almost any need. Please give us a call (970.870.8885) and ask which loan program best fits your situation.

Recommended Programs
Use the information below to choose the best program for your need.

15-Year and 30-Year Fixed Rate
Payment and rate stay the same from start to finish plus tax.

5 and 7 Year Balloons
Lower start rate. Some of the balloon programs may be converted to an adjustable rate or a fixed rate after the 5 or 7 years, with very low fee and attractive rate.

Adjustable Rate Mortgage (ARM)
Lowest start rate Adjusts either every 6 months or every 12 months depending on program and grade and is based on the economy 6% ceiling for prime and 7% ceiling for sub-prime.

5/1 and 7/1 Fixed Rate
Rate is fixed for the first 5 or 7 years, then shifts to an adjustable rate mortgage (ARM).

2/28 and 3/27 ARM
An ARM program that is fixed for the first 2 or 3 years, then shifts into a 6 month adjustable rate mortgage. It is a sub-prime program giving you a rate lower than the sub-prime 30-year fixed, and if you have had credit problems, it allows a window of time for credit rebuilding and seasoning. You will then want to refinance this loan.

Which Program is best for me?
Here are a few things to keep in mind when selecting a loan program.