Start with the payment
We work backward from a payment and cash target instead of pushing the maximum approval.
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Get pre-qualified →First-time buyers
First-time homebuyer loans in Colorado with a clear plan.
Understand your down payment, comfortable monthly payment, closing costs and loan options before you start shopping.
HOW TO THINK ABOUT IT
Buying your first home is a financial decision, not a mortgage trivia test. We translate the numbers into a practical plan so you can shop with confidence and avoid surprises after you are under contract.
WHO IT MAY HELP
Is this the right direction?
✓Buyers who have never owned a home
✓Buyers who have not owned a primary residence recently
✓Borrowers comparing 3% down, FHA and assistance options
✓Buyers who want help setting a comfortable payment
WHAT WE COMPARE
Look past the headline rate.
Compare total cost
See rate, mortgage insurance, cash needed and long-term cost together.
Plan before you shop
Review documents and potential issues early, when there is still time to make choices.
FROM QUESTIONS TO CLOSING
A simple, guided process.
- 01Review income, credit, savings and monthly goals
- 02Compare conventional, FHA and assistance scenarios
- 03Issue a strong pre-approval and coordinate with your agent
- 04Guide you through underwriting, appraisal and closing
COMMON QUESTIONS
Answers before you apply.
01How much down does a first-time buyer need?+
Some qualified buyers may use a conventional program with as little as 3% down. FHA commonly begins at 3.5%, and eligible borrowers may have assistance options.
02Is pre-approval the same as prequalification?+
A pre-approval generally includes a more complete review of income, assets and credit. The exact review and strength of the letter depend on the lender and documentation provided.
03What costs are due besides the down payment?+
Buyers should also plan for closing costs, prepaid taxes and insurance, inspections, appraisal and reserves when required.
PERSONALIZED NUMBERS, NOT GENERIC ANSWERS
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