FHA Loan in Denver
FHA loans are mortgages are issued by government-approved lenders. The loans are insured and administered by the U.S. Department of Housing and Urban Development HUD.
So who is eligible? Any borrower of legal age, regardless of income.
With our FHA loans, there is an upfront mortgage insurance premium included in your loan amount, in addition to a monthly insurance payment. Due to recent changes to the program, most FHA loans require mortgage insurance for the life of the loan.
If you have funds for a 5% down payment, we recommend that you compare the options of getting a conventional loan with the option of an FHA loan. The loan specialists at Centennial Lending are happy to help you select the best option. We are based in Longmont, which is about a 30-minute drive from both Denver and Boulder. While we are dedicated to local servicing, we also offer services to our neighbors in Nebraska and Wyoming.
If you live in the Denver, Boulder and Longmont areas and want some assistance in deciding which financing option is best for you, don’t hesitate to give us a call today at 720-494-270, or toll free at 866-588-1100.