What kind of rates are available on adjustable mortgages in Colorado?

There are several factors to consider in buying a home. Home much you plan to put down will determine your Program, as well as your FICO score. If you go FHA, the rates are better than Conventional and require minimum 3.5% down. FHA has up-front mortgage isurance and monthly Mortgage insurance. You should be fully qualified before we put you infront of a Realtor. A 5/1 ARM vs a 30 Fixed rates is around 1%. So if I could offer 3.75% on a 5/1 ARM and a 30 year fixed FHA 4.75%, as of today. You could also have the Seller pay for up to 3% of your closing cost. This is a simple request and could help with this. I lend in all States. I hope this helps. This is only the tip of the Ice-berg!RC

Please call me so that we can discuss your options.Thanks,Kirk AndersonSr. Mortgage ConsultantBNC National Bank877-262-4050

Adjustable rate programs are still a lot lower than 30 year fixed rates. The spread between ARM's and fixed rates is signaficant, and would certainly allow you a lower monthly payment if that is your goal as you move towards your purchase in Denver.Contact me at 435.986.2220 if I can help answer any other questions for you. ThanksDaveRed Rock Home Loans