For you, home isn’t a place. It’s a feeling. Where love and kindness, safety and acceptance live. Where dreams are born, and memories are made.
Buying a home in Colorado is possible
Alpine Bank has designed these new options to provide real, practical support for first-time buyers or current homeowners and they’re available now for a limited time!
For eligible homebuyers and existing homeowners who fall within county-specific income limits, we are offering a lender credit and two flexible mortgage financing options:
Lender Credit1
Up to a $7,500 lender credit, which will allow for a lower interest rate or less cash out of pocket at closing.
Do you qualify for the credit?
- Eligible properties are owner occupied properties located within counties. (See dropdown list below)
- Total qualifying income used for all borrowers must be below 80% of the area median income in the county the property is located. (See dropdown list below)
- Credit score of 620+
- Maximum debt to income ratio of 45%
- 12 months employment history and income average
1Lender credit only available for loans offered through Alpine Bank’s Mortgage Division that meet current Freddie Mac or Fannie Mae underwriting guidelines. Lender credit cannot be more than actual closing costs.
2Purchase price of $300,000 with a $299,000 30-year Mortgage loan with a $1,000 down payment, 5.75% interest rate, payable in 360 monthly payments of $1,744.88 with an Annual Percentage Rate (APR) of 5.798%. Payments do not include Taxes and Insurance.
3Current Par Rate for conforming secondary market 30-year fixed rate loan at 95% LTV with a 700 credit score.
4Purchase price of $300,000 with a $285,000 30-year Mortgage loan with a 5% ($15,000) down payment, 4.75% interest rate, payable in 360 monthly payments of $1,486.69 with an Annual Percentage Rate (APR) of 4.793%. Payments do not include Taxes and Insurance.
5Eligible front range counties for First Mortgage option: Larimer, Boulder, Broomfield, Adams, Arapahoe, Denver, Douglas, Jefferson, El Paso.
*Must meet Alpine Bank’s underwriting requirements. Rates, Terms and Lender Credit program are subject to change. Please contact your local Alpine Bank Mortgage Loan Originator for more information, other restrictions may apply.
First Mortgage5 ($1,0002 or 5%4 down)
These two mortgage financing options are limited to eligible homebuyers and existing homeowners who live within the following counties: Larimer, Boulder, Broomfield, Adams, Arapahoe, Denver, Douglas, Jefferson, El Paso.
$1,000 down or 5% down first mortgage, which will allow for lower interest rates.
Note: Also eligible for lender credit Don't qualify for these mortgage options?
Don't qualify for these mortgage options?
Alpine Bank offers multiple competitive loan programs to meet the needs of most borrowers.