Aurora Home Loans Tailored to Your Goals
Every borrower has unique financial goals, and we offer a wide range of loan products to match your needs. From first-time buyers to experienced investors, Arnaiz Mortgage provides flexible solutions throughout the greater Denver metro area.
Popular Loan Options in Aurora
FHA Loans – Government-backed loans designed for borrowers with lower credit scores or limited down payment funds. FHA loans make homeownership accessible, even if you’re just starting to build credit.
VA Loans – Active-duty service members, veterans, and eligible spouses can benefit from no down payment requirements, competitive interest rates, and no private mortgage insurance (PMI). Colorado has a strong military presence, and we’re proud to serve those who’ve served our country.
Conventional Loans – Ideal for borrowers with strong credit and stable income, conventional loans offer flexible terms, competitive rates, and the option to avoid PMI with a 20% down payment.
USDA Loans – If you’re looking at properties in qualifying rural or suburban areas around Aurora, USDA loans offer zero down payment options for eligible buyers.
Refinance Options – Lower your monthly payment, shorten your loan term, or tap into your home’s equity with a cash-out refinance. Whether you’re consolidating debt or funding a renovation project, refinancing can help you reach your financial goals.
DSCR Loans – Real estate investors can quickly expand their portfolios with debt service coverage ratio (DSCR) loans, which qualify you based on rental income rather than personal income.
Bank Statement Loans – Self-employed borrowers and business owners can qualify using bank statements instead of traditional income documentation, making it easier to secure financing.
Reverse Mortgage Loans – Homeowners 62 and older can convert home equity into cash without monthly mortgage payments, providing financial flexibility during retirement.
Why Choose Arnaiz Mortgage for Your Aurora Home Loan?
Working with a lender who understands the local market can save you time, money, and stress. Here’s what sets Arnaiz Mortgage apart:
Personalized Guidance – From pre-qualification through closing, you’ll work with a dedicated loan officer who takes time to understand your goals and answer your questions.
Competitive Rates – We shop multiple lenders to find you the most advantageous terms and rates available.
Fast Approvals – Get pre-approved in hours, not weeks. Our streamlined process keeps your home purchase or refinance on track.
Access to Local Programs – We help you navigate Aurora-specific assistance programs, including the City of Aurora Down Payment Assistance Program and the Green and Healthy Homes Initiative.
Credit Flexibility – We work with borrowers across the credit spectrum, including those with 580+ credit scores.
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Get a quoteAurora Down Payment Assistance Programs
Saving for a down payment can feel overwhelming, but Aurora and Colorado offer several programs to help you reach the finish line:
Aurora’s Home Ownership Assistance Program (HOAP) – Provides up to $10,000 or the minimum down payment required for your loan, whichever is lower. This grant helps qualifying first-time buyers and income-eligible households.
County-Level Programs – Aurora spans three counties, each offering assistance:
- Arapahoe County HOME Investment Partnership Program
- Adams County Housing Programs
- Douglas County Housing Partnership
Colorado Housing and Finance Authority (CHFA) – Offers down payment assistance grants and affordable second mortgages to help Colorado buyers bridge the gap between savings and homeownership.
Colorado Housing Assistance Corporation (CHAC) – Provides second mortgage options to qualified buyers throughout the state.
We will help you determine which programs you qualify for and guide you through the application process.
How the Aurora Mortgage Process Works
Securing a home loan doesn’t have to be complicated. Here’s how we make it simple:
Step 1: Pre-Qualification – Let’s determine how much home you can afford based on your income, credit, and financial goals. Pre-qualification gives you a clear budget whether you’re buying in Stapleton or refinancing a property in Southlands.
Step 2: Loan Selection – Our team will review your options and recommend the loan type that aligns with your situation. We’ll explain the pros and cons of each product so you can make an informed decision.
Step 3: Application and Documentation – Submit your loan application along with supporting documents like pay stubs, tax returns, and bank statements. Our secure online portal lets you track your loan’s progress in real time.
Step 4: Underwriting and Approval – Our underwriting team reviews your application, verifies your information, and works to get you approved quickly.
Step 5: Closing – Once your loan is approved, you’ll review final documents, pay closing costs, and officially receive the keys to your new home or your refinance funds.
Understanding Aurora Closing Costs
Closing costs cover the fees associated with finalizing your mortgage. In Colorado, these typically range from 2% to 5% of your loan amount and may include:
- Appraisal and home inspection
- Title search and title insurance
- Attorney fees (if applicable)
- Recording fees
- Property taxes and homeowners insurance
- Escrow account setup
For example, on an Aurora home priced around $485,000, closing costs might range from approximately $9,700 to $24,250. On a purchase, you’ll typically pay these costs at closing — though you may also negotiate with the seller to cover them. On a refinance, closing costs can usually be rolled into the loan balance, though some refinance types do require payment at closing. Tyler Arnaiz can walk you through what to expect based on your specific transaction.
If covering closing costs is a challenge, ask our team about assistance programs or seller concessions that may help reduce your upfront expenses.
Ready to Get Started? Let’s Talk.
Arnaiz Mortgage is here to help you navigate the Aurora home loan process with confidence. Whether you’re buying your first home, upgrading to a larger property, or refinancing to save money, our team provides the personalized support you need.
