Colorado Conventional Loan Done on Honest Math
Buying with a Colorado Conventional Loan? 3% minimum down for qualified buyers, conforming limits set the ceiling, PMI cancellation gets modeled. Real math drives the recommendation, not marketing.
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What Conventional Offers Colorado Buyers
Colorado 3 Percent Minimum Down Path
3% down works for buyers meeting HomeReady or Home Possible rules. We tell you upfront whether your file qualifies for 3%, or whether 5-10% is the realistic floor.
Rate Competitiveness Against FHA in Colorado
Conventional often beats FHA on total cost when MI is included. We run all program options against your file rather than defaulting to conventional.
Colorado PMI Has a Real Exit Date
Conventional PMI has a definite exit at the 78% LTV mark. Auto-cancels at 78% of original value. Earlier removal at 80% current value via appraisal.
Our Rates For You
CONV 30 Year Purchase
Rates and APR shown are based on a $350,000 loan amount, 850 credit score, primary residence, single family home, 75% loan to value ratio, and owner occupied property. Payment example assumes no other liens on the property and includes principal and interest only. Taxes, insurance, mortgage insurance, and escrow items are not included and will increase the actual payment. Rates, APR, and points are subject to change without notice and may vary based on credit profile, property type, occupancy, loan to value, loan amount, and other qualifying factors. Not all borrowers will qualify.
How Colorado Conventional Files Close
What a Colorado Conventional Loan Actually Delivers
Most Colorado Purchases Stay Conforming
FHFA conforming limits anchor most conventional purchases. Those limits cover most purchase prices in current markets. We tell you upfront whether your target purchase falls within standard conforming territory or stretches into high-balance or jumbo. Conforming application affects rate structure and program eligibility.
Fixed and Adjustable Options Both Available in Colorado
Term options: 30-year and 15-year fixed, plus 5/6, 7/6, and 10/6 ARMs. The right choice depends on how long you plan to keep the home. Long-term hold favors fixed; planned move within seven years often favors ARM. We model both before recommending.
Colorado Conventional for All Property Types
Primary residence, second home, and investment property all eligible. Each type has different minimum down payment and pricing rules. Primary starts at 3% for qualified buyers; second homes need 10% minimum; investments typically 15-25% with rate adjustments.
$810M
18 Years
27500+
Conventional vs Other Loans
Conventional
FHA
VA
USDA
For homes beyond standard loan limits.
High value homes should not mean high stress financing. A conventional loan with jumbo options offers competitive rates, simple terms, and a clear path to purchase without compromise.
What could you afford with a conventional loan
Before you fall for a listing, see how the math feels. Use the calculator to test price, down payment, and taxes for your county. You will know what is comfortable before you schedule tours.
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A Colorado Conventional Loan follows Fannie Mae or Freddie Mac standards, funded by private lenders. Rate and terms depend on credit, down payment, and DTI. The 30-year fixed handles most Colorado purchases.
The minimum down payment on a Colorado Conventional Loan is 3% via HomeReady or Home Possible for qualified buyers. Standard conventional purchases run 5% minimum. Putting 20% down eliminates PMI entirely. We compare the math at 3%, 5%, 10%, and 20% on your file so the decision rests on real numbers.
Yes, 620 typically qualifies for conventional loans. Some lender overlays push it to 640 or 660. Below 620, FHA tends to fit better. We pull your credit on day one and tell you exactly which programs your score qualifies for.
PMI cancels at 78% LTV of original value when payments stay current. You can request cancellation at 80% based on current value through a borrower-paid appraisal. Once cancelled, PMI never returns - unlike FHA where mortgage insurance often persists for the loan life.
Fixed rate never changes; ARM resets after initial period. ARM starts lower then adjusts after the initial period (5, 7, or 10 years). Fixed wins long-term plans. ARM saves money if you sell or refinance before the first adjustment.
Single-family conforming for 2026 caps at $806,500 in most counties. Loans above the standard limit cross into jumbo territory with different underwriting and pricing rules. We confirm your loan size against the limit before quoting.
All three property types - primary, second, investment - work with conventional. Primary starts at 3% down for qualified buyers; second homes need 10% minimum; investments typically need 15-25% with rate adjustments. We map your specific scenario to the right structure before quoting.
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Advertised offers are not guaranteed if you do not continue to meet Oxford Home Lending's criteria and other factors bearing on your creditworthiness. Rates will vary depending on your loan term, loan type, credit profile & score, down payment, qualifying ratios, and property collateral. Monthly payments do not include property taxes, property insurance, and homeowners' association dues. Since costs can vary based on a loan program, closing costs are not shown in the examples. To qualify for a mortgage, borrowers must be U.S. citizens or permanent residents, and meet Oxford Home Lending's underwriting and Investor requirements. Interest rate examples are as of 03/03/2026 and subject to change without notice. All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Rate subject to change depending on time of lock.
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Lower, LLC | NMLS ID# 1124061 | 5950 Symphony Woods Road Suite 312 Columbia, MD 21044 | Equal Housing Opportunity | https://nmlsconsumeraccess.org/ | Not an offer of credit or commitment to make a loan; all approvals are subject to underwriting guidelines including but not limited to acceptable current credit worthiness, income history, debt ratio, etc. Loan programs & options are subject to change at any time. Rates will vary depending on your loan term, loan type, credit profile, down payment, and qualifying ratios. Rates can change daily. Some restrictions may apply. No statement herein should be construed as being made on behalf of any state or federal agency.
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