Mortgage Loan Options with Competitive Rates

We firmly believe that the best way to handle mortgages is for the borrower to be actively involved in the process every step of the way. From choosing between loan programs to understanding negotiating terms, we're here to help you with anything you need.

Below are some of the most commonly utilized loan programs we offer...

Conventional Loans Click to open answer

As one of the most popular mortgages, the conventional loan has a wide variety of options to fit your specific needs.

Low interest rates and fees
Flexible minimum down payment options
Availability for purchase or refinance

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FHA Loans Click to open answer

With features like homeownership workshops and available down payment assistance*, FHA loans are perfect for:

First-time homebuyers
Low-to-moderate income families
Buyers looking for a low down payment

See how an FHA loan can put your homeownership goals within reach.

*First lien interest rates may be higher when using a DPA second.

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VA Loans Click to open answer

VA loans offer flexible, sustainable terms for military personnel, veterans, and military families.

No down payment required*
Government-backed, so no PMI required
Competitive rates & easy pre-qualification

*Closing costs and fees may still apply. VA home loan purchases, have options for 0% down payment, No private mortgage Insurance requirements, competitive interest rates, with specific qualification requirements. VA Interest rate reduction loans (IRRRL) are only for Veterans who currently have a VA loan, current loan rate restrictions apply, and limits to recoupment of costs and fees apply. VA Cash-out Refinances are available for Veterans with or without current VA loans. Policies and guidelines may vary and are subject to the individual borrower(s) qualification. Program and Lender overlays apply.

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USDA (Rural Housing) Loans Click to open answer

Designed for homebuyers wishing to purchase a home outside of densely populated areas.

No down payment required*
Not limited to first-time buyers
Qualify with a credit score as low as 620

*Closing costs and fees may still apply.

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CHFA (Colorado Housing and Finance Authority) Home Loans Click to open answer

The following are some of CHFA’s general home purchase and refinance loan program requirements:

All borrowers have a mid-credit score of 620 or higher
Total borrower income must not exceed CHFA’s income limits
Attend a CHFA-approved homebuyer education class (in person or online) prior to loan closing (purchase only)
Make a minimum required investment of at least $1,000 toward the purchase of the home

Down payment and/or closing cost assistance options:

Down Payment Assistance Grant *
- Equal to the lesser of $25,000 or 3% of the total loan amount**
- No repayment required

Second Mortgage Loan*
- Equal to the lesser of $25,000 or 4% of the total loan amount**
- Repayment of loan balance deferred until certain events, such as payoff of your first mortgage, or the sale or refinance of the home.

*First lien interest rates may be higher when using DPA second.
**For a 30-year, fixed-rate loan.

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metroDPA Down Payment Assistance Click to open answer

metroDPA is a local program serving Coloradans seeking affordable homeownership along the Front Range.

Down Payment Assistance*:

30-year fixed-rate mortgages to qualified homebuyers and Government Loans:
- FHA, VA, and USDA
- Conventional Loans: Government-Sponsored Enterprise (GSE) Programs

Assistance up to 5% of the first mortgage loan amount
- Assistance is in the form of a 3-year forgivable second mortgage
- 0% interest rate, no repayment anticipated
- USDA assistance is in the form of a grant

Who can use it?

Qualified borrowers with a credit score above 640 (down to 620 in some cases)…
Household income below $176,700/year
Buying a home in an approved area
Must be primary residence and purchase only
No first-time homebuyer requirement
No purchase price requirement

*First lien interest rates may be higher when using DPA second. Closing costs and fees may still apply.

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3/2/1 Buydown Program Click to open answer

Get Three Years of Lower Payments With our 3/2/1 Buydown Program.

Our 3/2/1 temporary buydown program lets you make lower payments for the first three years of your mortgage.* Pay the equivalent of 3% less than the national 30-year fixed rate for the first year 2% less the second year, and 1% less the third year. Once the three years are over, your payment will rise to the full rate.

Here’s how the 3/2/1 buydown program works:

You make lower payments for the first three years of your mortgage.* This can add up to thousands of savings each year!

Pay the equivalent of 3% less than the national 30-year fixed rate for the first year of your mortgage
Pay 2% less the second year
Pay 1% less the third year
Once the three years are over, your payment will rise to the full rate

Contact Us Today to Learn More

Security First Financial is a division of Primary Residential Mortgage, Inc. PRMI NMLS 3094. PRMI is an Equal Housing Lender. Credit and collateral are subject to approval, terms and conditions apply. Loan programs, rates, terms, and conditions are subject to change and borrower(s)qualification. Closing costs can vary. This is not a commitment to lend. The seller/builder-paid buydown, means the seller/builder provides funds which supplement the mortgage payment during the agreed upon period. This buydown will result in a lower mortgage payment for a limited period of time, and may result in an overall cost reduction during the life of the loan. Note: If the appraised value of the home is less than the agreed purchase price the amount of seller/builder funds available for a buydown could be impacted.

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Refinance Click to open answer

There are many types of home refinancing options, all designed to help you meet your financial goals faster.

Pay down or consolidate debt
Reduce monthly payment or interest rate
Get rid of private mortgage insurance (PMI)

*When it comes it comes to refinancing your home loan, you can generally reduce your monthly payment; however, total finance charges may be higher over the life of your mortgage loan.

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Bank Statement Loans Click to open answer

Our bank statement loans in Denver, Colorado Springs, and Fort Collins will help you qualify for refinancing or home purchase. It’s for those with a strong credit rating and solid history of financial responsibility who have been unsuccessful getting conventional home financing.

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Reverse Mortgage Click to open answer

A reverse mortgage, also called a Home Equity Conversion Mortgage (HECM), allows you to use the equity of your home as cash.

Borrower must be at least 62 years of age
Typically tax-free funds
No required monthly mortgage payment

This ad is not from HUD or FHA and was not approved by HUD or any government agency.

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Your Quick Guide to Home Loans

Loan Type	Conventional	FHA	VA	USDA	Jumbo
Loan Limit*	$726,200 ($1,089,300 in high-cost areas)	$472,030 ($1,089,300 in high-cost areas)	No limit on loans over $144,000**	Dependent on county	$3,000,000
Loan Type	Fixed-rate, ARM, LPMI, HomeReady, HomePossible	Fixed-rate, 5/1 ARM	Fixed-rate, 5/1 ARM	Fixed-rate	Fixed-rate, ARM, Interest-only
Down Payment	Flexible	Minimal	Low-to-none†	Low-to-none †	Dependent on program
Seller Contribution	Based on LTV	Up to 6%	Up to 4%	Up to 6%	Up to 3%
Gift Funds Allowed	Yes	Yes	Yes	Yes	Minimum 5% personal funds
Credit Score	620+	500+	580+	640+	680+
Occupancy	Owner-occupied, second home, investments	Owner-occupied	Owner-occupied	Owner-occupied	Owner-occupied, second home, investments
Debt-to-income Ratio¹	50%	50%	50%	50%	38% – 43% depending on LTV
Cash Reserves	Determined by underwriting	Generally not required	Generally not required	Not required	6 – 18 months
Eligible Borrowers	US citizen, permanent and non-permanent resident alien – Must have valid SSN	US citizen, permanent and non-permanent resident alien – Must have valid SSN	Eligible veterans and their dependents	US citizen, permanent and non-permanent resident alien – Must have valid SSN	US citizen, permanent and non-permanent resident alien – Must have valid SSN
Mortgage Insurance	PMI possible depending on down payment	Upfront funding fee and monthly MIP	Funding Fee and No MIP	Guarantee fee and monthly MIP	PMI possible depending on down payment

*May be higher in some scenarios. **Dependent on available entitlement. † Closing costs and fees may still apply. ¹DTI requirements may differ depending on credit score and underwriting approval.