The Colorado Home Affordable Refinance Program is a new Government program aimed at helping responsible homeowners lower thier mortgage payments even if they owe more than their house is worth...

Colorado Home Affordable Refinance Program

The Colorado home affordable refinance program allows people who have been making their mortgage payments on time to lower their monthly payment by refinancing at a lower interest rate. The program has many unique features that we will cover for you in more depth below. 

Loan To Value Not An Issue

The Colorado home affordable refinance program allows borrowers to finance up to 105% of the current value of their home. In many cases the program will not require a new appraisal. With this new aggressive program we are able to do the loan based off the old higher value of the home with an appraisal waiver.

Credit Flexibility

The Colorado home affordable refinance is not as heavily credit driven as conventional financing is. The new Government program is mainly concerned with the mortgage history of the borrower. As long as you have been making on-time payments to your mortgage company for the last 12 months, you will have a very good chance at being approved for a Colorado affordable home refinance program.

Lower Monthly Payments - Mortgage Insurance Flexibility

If your current loan does not have private mortgage insurance then we are not required to obtain mortgage insurance on your new Colorado home affordable refinance loan! This alone can save borrowers hundreds of dollars monthly and many thousands of dollars over the life of the loan. If you currently do have private mortgage insurance we only have to obtain the same amount of mortgage insurance coverage on your new loan. This means that even if you have mortgage insurance now you can still borrow up to 105% of the value of your home and you won't have to pay any more for mortgage insurance than you are currently paying. 

As you can see, obtaining a Colorado home affordable refinance loan from First Choice Mortgage Company is simple. All you have to do to get started is fill out the quick application form to your right and one of our home affordable loan specialists will follow up with you as soon as possible to go over your options with you. We will show you how to use this program to save your family hundreds of dollars in lower mortgage payments!