Even with a low down payment or less than perfect credit, you can still have the house of your dreams. Learn more about FHA Loans from Colorado State Bank and Trust and apply today.Apply Now
Get Your House — Even with a Low Down PaymentFHA Loans are backed by the Federal Housing Administration. With just 3.5% down, you can take out a mortgage and start building equity in your house.
Ideal for Home Buyers with Limited Credit
Don't let less-than-perfect credit take away your dream of owning a home. Our FHA loans require only 3.5% down if your credit score is 620 or above.
Purchase a Home with Just a Small Down Payment
We know the dream of home ownership is something most of us strive for, but sometimes saving for a large down payment is difficult to accomplish. Connect with a mortgage banker to review your situation and determine if you qualify for an FHA low down payment option.
Experienced Customer Service
Our Mortgage Bankers offer personalized service and are available to walk you through the entire home buying process. Visit one of our banking centers or call our Mortgage Bankers at (866) 910-5224 today to get started.
Loan Comparison Calculator
In addition to the calculated monthly payments, annual percentage rate (APR) offers a good apples-to-apples comparison between loans. APR takes into account the varying discount points, closing costs and fees that are typically added into the loan amount and financed over the term of the loan. If the fees are paid "out-of-pocket" then the APR will be the same as the stated interest rate. Use this loan comparison calculator to help determine the best loan option for you.Calculator
The application will ask questions about the house you are planning to buy and your finances. It takes less than 20 minutes to complete. If your application is approved online, we'll ask you for a deposit to cover the cost of the appraisal on your home so that we can begin to process your request immediately.
After your application is completed, a Mortgage Banker will contact you to introduce themselves and to answer any questions you may have. Your Mortgage Banker will provide help and guidance along the way.
If your request wasn't approved online, they'll ask you for any information required to make a decision about your loan.
Prepare for Closing
Once everything is finalized, we'll send you the application package. This package will contain papers for you to sign and a list of items we'll need to verify the information you provided about your finances during the online application.
After we have your deposit, we'll order an appraisal from a licensed appraiser who is familiar with home values in your area.
You'll also need to obtain title insurance. If you are purchasing a new home, we'll work with the real estate broker or seller to ensure the title work is ordered as soon as possible. If you are refinancing, we'll take care of ordering the title work for you.
Close Your Loan
After we receive all your paperwork — your application package, the appraisal, and the title work — we'll contact you to schedule your loan closing. If you are purchasing a home, we'll also schedule the closing with the real estate broker and the seller.
The closing will take place at the office of a title company or attorney in your area who will act as our agent. A few days before closing your Mortgage Banker will contact you to walk through the final information.