Mortgage Loan

Mortgage Loan Bank and Service Provider

5280Lend.com is a trusted mortgage bank serving clients in the Denver Metro area. We work with all types of homebuyers seeking financing for their home purchase.

We offer personalized service to help you understand the lending process, interest rates, closing costs, and down payment options.

Contact us today to schedule a consultation.

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What Is A Mortgage Bank?

5280Lend.com is a mortgage bank exclusively focused on Colorado mortgage lending. We do not offer other banking products, like checking accounts, auto loans, or credit cards. Instead, we specialize, exclusively, in residential mortgage financing solutions.

A mortgage bank differs from other types of mortgage lenders. As a lender focused only on mortgages, we are the most knowledgeable and reliable real estate lenders. When you work with a mortgage bank, you receive the best information regarding your home lending solutions.

In addition, you receive the best structure for your financing. Mortgage banks offer timely, efficient, and professional service.

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Other Types of Mortgage Lending

Commercial Banks

Commercial banks offer general banking services. Often for mortgage lending, they don’t have the depth of experience or knowledge. The loan process lacks the personalization provided by specialized mortgage banks.

Online Lenders

Online lenders increase profits and save money by pushing borrowers through a set process. While advertisements promote low rates and a smooth process, borrowers often receive no personal service. Instead, the borrower must deal with a wide range of personnel to process their mortgage.

Mortgage Brokers

While mortgage brokers specialize in residential financing, they lack an underwriting and closing team. They work with wholesale lenders that control the approval and closing process.

Mortgage Loan Products

5280Lend.com works with various loan products to meet each client’s unique needs. Our team understands the details and requirements for specialized mortgages.

Conventional Loans

Conventional loans apply to a primary residence. Conventional loans typically work best for borrowers with a larger down payment and stable credit history.

Debt Consolidation Loans

Debt consolidation loans allow homeowners to combine multiple debts into one new payment. Borrowers who want to pay off high-interest debt faster benefit from debt consolidation loans.

FHA Loans

The Federal Housing Administration (FHA) insures FHA loans. This program helps people who may be unable to qualify for traditional loans.

First-Time Home Buyer Loans

First-time home buyers often don’t have a high down payment due to a lack of equity. Borrowers benefit from loan options tailored to first-time buyers, including FHA loans, VA loans, USDA loans, or other types of loans.

Investment Property Loans

These loans provide access to cash flow without selling other real estate property for investors looking to buy rental properties.

Jumbo Loans

Jumbo loans are available for borrowers who need a higher loan amount, typically over $450,000. These loans require higher down payments and monthly payments.

USDA Loans

The United States Department of Agriculture backs USDA loans. These loans apply for home purchases tied to rural and agricultural properties.

VA Loans

VA loans are available for veterans and active military members. Veterans’ benefits often include lower interest rates and flexible repayment terms.

The Factors to Consider When Applying for a Home Loan

Different factors work together and require consideration when applying for a home loan. At 5280Lend.com, we work as your tour guide and loan specialist.

Having expert guidance helps put the pieces of this financial and logistical puzzle together in an effective way.

  • Interest Rate

    Interest rates impact the mortgage loan process. Because interest rates differ at different times and for each lender’s unique financial situation, homebuyers often focus on this factor first. However, other factors matter when comparing loan options and mortgage lenders.

    For example, closing costs, adjustments in interest rates (ARMs), and other loan terms and factors impact your qualification. All these elements work together and should play into your consideration process when comparing and investigating mortgage options.

    Many considerations apply to determine your mortgage interest rate. Work with an experienced and reliable lender who can clearly explain all aspects critical to the home loan process. At 5280Lend.com, we aim to help you achieve a smooth lending process and want you to understand the rationale behind your interest rate and other loan factors.

  • Down Payment

    The down payment is the amount of money you will pay at closing toward purchasing your home. The mortgage amount is determined by subtracting the amount of the down payment from the total home purchase price.

    Not every homebuyer has the savings to cover the required down payment. However, options exist for homebuyers to find flexibility for down payment requirements. When it comes to down payments, we can help you design a plan to find the correct financing to achieve your home buying dreams.

  • Closing Costs

    Closing costs are another subject that can be very complicated and confusing when comparing and investigating mortgage loans. The mortgage industry often complicates closing costs, which creates confusion and frustration.

    Many different and ambiguous names exist for certain costs making the fees inconsistent and unclear. Closing costs often include origination fees, discount fees, broker fees, appraisal fees, underwriting fees, processing fees, title charges, escrow deposits, earnest money, and more.

    We help you navigate closing costs to clear up confusion and ensure you don’t pay unnecessary fees.

  • Monthly Payment

    All the other factors impact the monthly mortgage payment. You must consider the monthly payment amount when determining whether a loan works for your budget.

    A higher loan amount and interest rate result in a higher monthly payment. To determine which loan makes sense, you must first know what monthly payments you can afford. You can use our calculator to see how much you can comfortably pay each month.

    5280Lend.com works with each client to determine payment options based on the details of the loan. We want to help clients achieve successful home ownership, which requires a financially attainable mortgage.

Contact 5280Lend.com to REFINANCE Your Home

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Colorado’s Choice for Mortgage Loans

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Ted Wedewer is extremely professional and kept us up to date during the whole process.  We had an easy and smooth transition from beginning to end.  I highly recommend Ted whether you are purchasing a home or refinancing one.  We won’t use anyone else!

Debbie C.