Conventional Loans

Which home loan is right for me?

Conventional loan options include those which are not specifically designed for first-time home buyers or veterans. As a mortgage broker, we work with a variety of lenders to ensure that you get the best financing options available to the consumer. Conventional loans may be the best option, even if you are a first-time home buyer.

How We Help

We research all your financing options and match you with the loan that is best suited for your financial picture. We are proud to work with a variety of local (Colorado) home financing programs, as well as lenders across the country. We can advise you, whether you are ready for your home purchase or just getting started in thinking about the process.

How it Works

Step 1: Get Organized
Get organized before you start the process. You will need:

Proof of Income

  • Salaried employee: Last 2 months of pay stubs and last two years of W2’s.
  • Self employed: Tax returns for the last 2 years and return and loss statements.
  • Bank statements for the last 3 months
  • Retirement account information (401ks, IRAs, etc.)

You may need other information, such as:

  • If you own rental properties, you will need the rental agreements and tax returns for the last 2 years.
  • If applicable, divorce decree or settlement agreement
  • If not a U.S. citizen: A copy of green card front and back.
Step 2: Get Pre-Qualified
We help you get pre-qualified. This can be done over the phone or online. This helps you in your home purchase process to:
  • shop for a home within your approval budget
  • improve your negotiating stance as a serious buyer
  • identify appropriate loan options for your situation
Step 3: Loan Matching
We search for the loan programs and rates that fit your situation. Because we work as a brokerage, we can choose from a variety of different lenders. We find the particular loan that works best for your situation. We look at:
  • How long you plan to be in the home
  • Whether to pay extra for points at close to obtain a better rate
  • Loan program options
  • Downpayment assistance
Step 4: Pre-Approval
Once we find the right match, we'll apply for loan pre-approval. For this you will need:
  • your social security number
  • documents from step one
  • your signature
Step 5: Loan Closing
This is where we will finalize and sign loan documents. You will need:
  • Cashier’s check for any down payment or closing costs
  • Your driver’s license to verify your identity
  • Review and sign final documents

Frequently Asked Questions & Answers

Have a look at frequently asked questions & answers to understand more.
We work with a variety of lenders who offer both fixed and variable rate mortgages. Whether your highest priority is long-term interest rates, your monthly mortgage payment, avoiding PMI, or finding a workable short-term financing solution, we take your whole financial and credit picture into account when vetting home loans on your behalf.
We may be able to help! We work with buyers in a variety of credit situations. We are here to help you make the best decision for your particular picture. Typically, lenders require a credit score of better than 580 to lend, but we can help you with a free consultation to map out a plan to improve your credit picture enough to buy. Not sure what your credit looks like? To get your free report, visit or call, toll free, 1-877-322-8228
Interest rates vary according to the current market conditions. For a home loan, you can expect to see between 3-???%, based on a variety of factors, such as: your credit score, your income, your downpayment amount, your home purchase price and more.
Most lenders require a downpayment of at least 5%. However, if it is possible, you should try to put down at least 20% of the purchase price to remove the requirement for Private Mortgage Insurance (PMI). If that's not an option, you can refinance once your your Loan-to-Value (LTV) ratio hits 20%.
We work with several area programs to help buyers find downpayment assistance for their home loan. Our downpayment assistance programs are:
* Colorado Housing Association Corporation (CHAC)
* Other
* Other
You may want to consider refinancing your FHA loan once your loan-to-value percentage is high enough to remove your mortgage insurance premium. Let us help you understand the right time to make a switch to a conventional or other FHA loan option.

Why They Choose Us

Learn More

At Diversified Lending, we're here to ensure that you have the best information to make a decision for your future. Whether you are ready to buy today, or just looking to get started on the process and plan for the future, we're here to help you get started with the mortgage loan tools and programs to get you in your new home.

Get the process started today!

You can own your own home for less than the cost of your current rent payment.
Call Us Now (719) 266-4038
Emal Us
Our Company 5350 Academy Blvd N #204