These new mortgage restrictions were developed as a cautionary reaction to the housing boom when it seemed as though anyone who could verify income qualified for a mortgage. Although we specialize in VA loans, we are educated in every area of mortgage loans; VA, FHA, Conventional, Jumbo, Construction, Land, Home Path, USDA, Investment Properties, Manufactured Colorado mortgage Housing, HUD 184 Native American Second Home, Down Payment Assistance, and No Fico Score Programs.
This education includes 3 hours of Federal law, 3 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, 2 hours of Colorado-specific education, plus 10 hours of undefined education (electives).
The defendant and others would take the false information about the borrowers and then submit it to the mortgage companies, and thereafter forwarded to FHA/HUD, for the purpose of falsely representing that the borrowers were financially qualified to undertake their mortgage obligations.
Mortgage rates and terms shown on our website are not official Loan Estimates because the lender has not verified your personal financial situation, appraised home value, actual credit score, income, existing debt, or other individual circumstances.
Our enhanced product guidelines along with our experienced and educated staff in and around the Denver area, set us apart from any other mortgage lending company who are looking to make a quick sale with little regard for how it affects the borrower.