Denver Mortgage Loans
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Jumbo Loans | FNMA | FHLMC | FHA | VA | USDA | Non-QM | Commercial
Finding a trustworthy & reputable Denver mortgage lender with great financing terms can be a time intensive process. Real estate professionals want to make sure they’re taking care of their clients with interest rates & terms that work well for their needs. There are many Colorado mortgage lenders, and most operate differently, but Dave Kevelighan brings over 20 years of experience to the table to help ensure the process goes smoothly.
Experienced Mortgage Broker in Denver
DaveKevelighan.com offers easy access to high quality Colorado mortgage programs and other financing information for current and potential real estate owners. Having access to more than 100 lending resources, Dave can offer wholesale lending terms to meet the needs of borrower clients, whom of which always come first. Having closed thousands of denver mortgage transactions over the years, Dave will strive to ensure that his clients are completely satisfied with the products and services his lenders have to offer.
Wide Variety of Programs
As a wholesale Colorado mortgage broker, Dave can provide a wide variety of programs with some of the best interest rates for local Denver, CO borrowers looking to either purchase or refinance real estate. Operations offices are located nationwide that offer full underwriting, closing, and funding capabilities. Being a premier Colorado mortgage broker, Dave is able to offer Jumbo loan products and conventional/government mortgage loan programs at competitive interest rates, and unsurpassed customer service to meet and exceed his clients expectations. Commercial and Reverse Mortgages are also offered.
Outstanding Customer Service
Mortgage lending can be complicated and confusing if a borrower is not familiar with the process. That’s why working with Dave Kevelighan is a sound decision. With over 20 years experience in the mortgage industry, Dave understands all of the steps involved with closing mortgage loan transactions, and has the ability to help his clients navigate through the process efficiently. For honest service, support, and quality loan programs at superb interest rates…please contact Dave by Facebook, LinkedIn, phone or email today!
Take a quick look at some popular Denver Mortgage Programs
- Agency Fixed Rate & ARM’s – FNMA & FHLMC
- Agency NO MI – FNMA & FHLMC
- Agency High Balance* – FNMA & FHLMC
*maximum loan amounts based on county limits established by the Agencies: https://entp.hud.gov/idapp/html/hicostlook.cfm
Conventional loans are the most popular program available. The housing market has stabilized, and lenders are signalling they are opening up from the very strict guidelines of the recent past. Conventional lending is now being done with common-sense underwriting guidelines once again.
- Purchases & R/T refi’s up to $1,500,000 @ 90% LTV/CLTV
- Credit scores as low as 661 FICO’s
- DTI’s allowed up to 43%
- Loan amounts up to $2,500,000
- Refinances allow up to $750,000 cash-out
Jumbo loans are becoming more common in Colorado because of increasing home prices. Technically speaking a Jumbo loan is a non-conforming loan. That is, the loan amounts are too high to fit into Fannie Mae, Freddie Mac, or Ginnie Mae loan specifications. This means that each lender will write their own guidelines to fit their own lending niche. I always expect my Jumbo loan clients to shop around. I know that a buyer who needs a Jumbo Loan will consider multiple lenders and will settle on the best option only after doing their due-diligence; after all, one-eighth of a percent on the interest rate of these loans can make a big difference to the bottom line.
- FHA Standard Balance*
- FHA High Balance*
- FHA Streamlines – Standard & High Balance*
*maximum loan amounts based on county limits established by HUD: https://entp.hud.gov/idapp/html/hicostlook.cfm
FHA recently dropped the monthly mortgage insurance premiums. This loan program is once again a great way to finance a purchase or refinance.
Everyone has heard of the FHA loan, but we’re not so sure that people really understand what it is all about. FHA is still the go-to program for borrowers with lower credit or little credit.
FHA does not hit your interest rate for low credit the way Conventional loans do. A credit score below 680 on a conventional loan has overlays and price adjustments. At a certain point the FHA loan becomes a much better deal. With FHA you can get a much lower rate and much better deal if you have a lower credit score. Generally speaking, if your credit score is between 580 and 660, an FHA loan is the way to go.
- VA Standard Balance (up to $453,100)
- VA High Balance
- VA IRRRL’s – Standard & High Balance
VA loans are different than Conventional or FHA loans. The appraisal process is a little different, the documentation required is a little different, and the VA underwriters are looking at the file with a slightly different eye. Do not let someone steer you away from a VA loan if you are VA eligible. Because the VA loan has its own special characteristics, it requires a certain expertise and experience from your lender. I have the expertise and look forward to speaking with you about your next VA loan.
- No Down Payment needed (100% LTV)
- Large acreage allowed
- Rural areas only
- Bank Statement Income Qualifying allowed
- Recent Derogatory Credit Events allowed
- Loan amounts up to $2,000,000
- FHA 203(k) – Standard & Limited
- FNMA HomeStyle Renovation