What types of mortgage loans are available in Aurora?

You can select between conventional, jumbo, FHA, and VA loans, depending on your specific needs. If you are refinancing, you can choose from a cash-out refinance, a rate-and-term refinance, a home equity line of credit (HELOC), a home equity loan, or a reverse mortgage.

What down payment options are available in Aurora, CO?

Aurora, Colorado, has a variety of down payment assistance programs that can supplement your own funds. Some of these include: Aurora’s Home Ownership Assistance Program (HOAP) provides $10,000 or the minimum down payment for your home, whichever is lower. County programs, such as the Arapahoe, Adams, and Douglas County programs, Colorado Housing and Finance Authority (CHFA) grants and loans, Colorado Housing Assistance Corporation (CHAC) second mortgages.

How do closing costs work on an Aurora mortgage?

Closing costs cover the fees associated with opening a loan. Generally, they are around 2% to 5% of the total loan value. These expenses include: Underwriting, Title search, Appraisal, Inspection, Attorney, fees, Flood zone assessment, Title insurance, Title recording, Taxes, including property and transfer taxes, Homeowners’ insurance, Escrow account opening. As the typical Aurora home costs around $484,855, you can expect to pay between $10,000 and $24,000 in closing costs. You can roll these into the total mortgage, or you may pay them at closing. Some prospective homebuyers can’t afford this large upfront cost, especially with a down payment. Our loan specialists can help you find programs to cover these expenses, either as a grant or a second loan.

Aurora Mortgage

Aurora, Colorado borrowers seeking to fulfill their dream of homeownership can find the perfect Aurora home loan by partnering with Arnaiz Mortgage. We offer competitive rates, quick turnaround times, and excellent customer service for both primary residence and investment mortgages.

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Home Loans in Aurora, Colorado

Whether you’re a first-time buyer or an experienced investor, we have the right Aurora home loan options for your needs, including fixed-rate and adjustable-rate loans. Specific loan types we offer include:

FHA Loans: This government-backed product lets you purchase or refinance a home, even if you have less-than-perfect credit.
VA Loans: Service members can benefit from no down payment and great interest rates.
Conventional Loans: Those with excellent credit can enjoy competitive rates and flexible terms, including fixed-rate and variable-rate mortgages.
DSCR Loans: This specialized mortgage product enables investors to expand their real estate portfolio quickly without breaking the bank.
Refinances: Make your home equity work for you with a cash-out refinance, or simply get more advantageous loan terms.

Why Work with a Local Aurora Mortgage Expert?

The right lender can make a huge difference in the financing process. Working with a local mortgage company has many benefits, such as:

In-depth knowledge of the Aurora, Colorado market, as well as other markets like Denver and Colorado Springs
Personalized support every step of the way, from purchase to refinance and beyond
Big savings through competitive interest rates
Get approved in hours, not weeks
Access to local Aurora programs, like the Green and Healthy Homes Initiative or the City of Aurora down payment assistance program

See today’s mortgage rates in less than 60 seconds

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Our Streamlined Aurora Mortgage Process

We offer a fast and convenient mortgage program, accompanied by comprehensive support throughout each step of the process.

Pre-Qualification: See how much you can afford, whether you’re buying your first Aurora property or leveraging home equity through a cash-out refinance.

Loan Selection: Our loan officers will help you pick the perfect home loan for your needs.

Loan Application: Submit your documents, credit report, income information, and other details so that we can complete the underwriting process. You can always check the progress of your loan through our portal.

Closing: Once your fees have been paid, you officially pick up the keys to your new home or receive your payment for a cash-out refinance.

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Frequently asked questions about Aurora, CO Home Loan and Mortgages

What types of mortgage loans are available in Aurora?
You can select between conventional, jumbo, FHA, and VA loans, depending on your specific needs. If you are refinancing, you can choose from a cash-out refinance, a rate-and-term refinance, a home equity line of credit (HELOC), a home equity loan, or a reverse mortgage.
What down payment options are available in Aurora, CO?
Aurora, Colorado, has a variety of down payment assistance programs that can supplement your own funds. Some of these include:
- Aurora’s Home Ownership Assistance Program (HOAP) provides $10,000 or the minimum down payment for your home, whichever is lower.
- County programs, such as the Arapahoe, Adams, and Douglas County programs
- Colorado Housing and Finance Authority (CHFA) grants and loans
- Colorado Housing Assistance Corporation (CHAC) second mortgages
How do closing costs work on an Aurora mortgage?
Closing costs cover the fees associated with opening a loan. Generally, they are around 2% to 5% of the total loan value. These expenses include:
- Underwriting
- Title search
- Appraisal
- Inspection
- Attorney fees
- Flood zone assessment
- Title insurance
- Title recording
- Taxes, including property and transfer taxes
- Homeowners’ insurance
- Escrow account opening
As the typical Aurora home costs around $484,855, you can expect to pay between $10,000 and $24,000 in closing costs. You can roll these into the total mortgage, or you may pay them at closing.

Some prospective homebuyers can’t afford this large upfront cost, especially with a down payment. Our loan specialists can help you find programs to cover these expenses, either as a grant or a second loan.