Beacon Lending Home Loans in Denver Colorado

Breathe In The 1% Down Mortgage in Colorado

We now offer the 1% down mortgage program in Colorado

NO this is not a typo. We now offer the 1% down mortgage program in Colorado with Equity Boost to ensure a smooth first time home buying experience for you. This program works very simple. You put down 1%, and we contribute 2% towards the down payment, giving you 3% at closing. The rates are very competitive and low, and this program is available with NO MONTHLY MORTGAGE INSURANCE. Yes, no MORTGAGE INSURANCE. What a breath of fresh air.

Polar Bear Breathing in the 1% down mortgage program

Simple Example Using the 1% Down Mortgage Program

Let’s us the $417,000 Conventional Loan Limit in Denver County of $417,000 without getting into high cost which is $458,850.

  • $417,000 PURCHASE PRICE
  • 1% DOWN or $4170 from the home buyer
  • We assist with 2% or $8340
  • TOTAL DOWN PAYMENT is 3% or $12,510
  • LOAN AMOUNT  – $404,490
  • PAYMENT with Mortgage Insurance  $2126.07 assuming a rate of 3.875%* (Taxes and Insurance not Included)
  • PAYMENT without Mortgage Insurance $2049.49 9 *(Taxes and Insurance not Included)

*Please Understand rates do change daily and this is a snapshot in time of 07.26.16 Prices

Being a local Colorado Mortgage Broker allows us opportunities to offer the most up to date mortgage loan programs offered from our various wholesale lender relationships. Allow our resourcefulness and experience the opportunity to work for you today. You can call us anytime at 720-524-3215 or visit us to complete our loan application.

Contact Brian Quigley Today!

Get Approved Today!

More Articles

About the Author

Brian Quigley
Brian Quigley
 NMLS# #244003

Brian Quigley has been in the Denver mortgage industry since 2003. Customer satisfaction has been his top priority while guiding clients through the home loan qualification process. He is proficient in all types of mortgage financing including FHA/VA, Conventional, USDA, Jumbo, Portfolio, 1031 Exchanges, Reverse Mortgages, Refinancing, Construction loans, and FHA 203K loans.

View Full Profile
please leave a review on google
Adam Armstrong
Getting the lowest rate was the most important thing to me. I shopped 5 other lenders/brokers for my refinance. Brian was able to beat the other lenders by a significant margin....
Brent Galas
Brian, was very easy to work with for my refinance even thru this Covid time. All documents were easy to upload electronically and his processor was detailed for what was needed...
Jerred Lane
Brian has raised the bar to a whole new level. With time being precious, there are not many who have a lot of time to spare; he kept everything on point and on track.

NEED HELP NOW CLOSING YOUR HOME LOAN?

Get Rescued Now!

Step 1 of 6

Are you looking to purchase or refinance?

Mortgage Industry News and Information

How Much Does It Cost to Build a House: A Detailed Guide

View >>

Invest Smart: A Guide to Digital Real Estate

View >>

Understanding the ADU Meaning: Definition, Costs, and Benefits

View >>

FHA Approved Condos And How To Easily Find Them

View >>

Maximize Your Mortgage: Conforming Loan Limits 2024 Guide

View >>

BRRRR Method: Your Guide to Savvy Real Estate Investing

View >>

Explore the Benefits and Risks of the 0 Down Purchase Program UWM

View >>

DSCR Loan Georgia: Your Ultimate Guide to Investment Property Financing

View >>
1 2 3 25

Join Our Weekly Newsletter

Stay up to date with the latest news from the mortgage industry in Colorado.
Stay Informed and Sign Up

Beacon Lending Locations

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram