22 Oct 10 Colorado Lender Reports Increased Loan Originations
Downs Financial, a Colorado lender announced several new FHA and conventional programs for borrowers in the U.S. The home loan company has been helping many American borrowers get approved for low rate financing . With flexible purchase and refinance guidelines, Downs has been able to assist consumers in getting approved for home loans at a discounted rate. The company acknowledged that most loan program guidelines had tightened in recent years, but that there were several new refinance initiatives rolled out in an effort to help homeowners who have been strapped with underwater mortgages a new opportunity.
Fixed Colorado Mortgage Rates Starting at 4%
According to National Sales Manager, Scott Deal for the Lead Planet a mortgage marketing company from San Diego said, “It’s wonderful to see a mortgage company operating and originating effectively in today’s competitive mortgage market.” Deal continued, “We see loan shops rise and fall and Downs is offering the home loan programs that borrowers need to maximize low rate financing.”
Downs provides a wide variety of forward loan programs, such as, conventional, jumbo, second mortgages, FHA and VA loans. Downs’s FHA single-family loan originations have risen 140% since 2008 and conventional mortgages are up over 70% this year as well. According to Downs “While the big banks continue to struggle with foreclosures and servicing their delinquencies and credit risk, Downs has been increasing their market share because they offer affordable loans with superior customer service.”
