THE
AMERICAN
DREAM

IS ALIVE!

home mortgage protection is key for famly success.

We understand how confusing the home loan mortgage market can be. FHA, conventional, jumbo... who even knows?

At Dominion Mortgage we have over 30 years of experience working with people and lenders. We will help you navigate, get approved and implement the loan that works for your family and budget to get you into the home of your dreams

GIVE YOUR FAMILY THE PROTECTION OF HOME

Home Owners

Conventional Fixed Rate

Fixed Rate Mortgages are the most common type of mortgage. The borrower will qualify for a certain rate and term, which will stay fixed through the life of the loan. Generally the rate will be lower for a shorter term. The national limit for these types of loans is $517,000 and may be increased up to $750,000 in certain CO counties. 

Term

Interest Rate

10 - 30 Years

3.6% - 8% WAC

Money Down

5% - 20%+

FICO Score

680+

Time to Close

30 Days

House Construction

Conventional ARM

Adjustable Rate Mortgage

Adjustable rate mortgages have been given a bad name since the housing crisis of 2008. Bad banking practices can definitely exploit the negatives of these loans, however, they do have a place for certain types of people or investments. The rate will vary year over year based on prime interest rates, but they can be a great option for shorter term real estate financing or fix and flip real estate investors.

Term

Interest Rate

5 - 30 Years

3.6% - 8% WAC

Money Down

20%+

FICO Score

680+

Time to Close

30 Days

Young Family

FHA First Time Home Buyers Loan

Federal Housing Administration

FHA backed mortgages are the best program for first time home buyers. Because the government backs these loans with the buyer, the bank is able to offer better rates, less money down and less financial requirements post closing. Down payments can be as low as 3.5% LTV and this portion is okay to be gifted or granted from a relative or friend. FHA properties must be owner occupied.

Term

Interest Rate

10 - 30
Years

3.6% - 8%+ WAC

Money Down

3.5%

FICO Score

620+

Time to Close

30 Days

Young Family

Jumbo Mortgages Larger Than Fannie Freddie Conventional Loan Limits

FHA backed mortgages are the best program for first time home buyers. Because the government backs these loans with the buyer, the bank is able to offer better rates, less money down and less financial requirements post closing. Down payments can be as low as 3.5% LTV and this portion is okay to be gifted or granted from a relative or friend. FHA properties must be owner occupied.

Term

Interest Rate

10 - 30
Years

3.6% - 8%+ WAC

Money Down

3.5%

FICO Score

620+

Time to Close

30 Days