Routing Number: 307070021

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Our talented mortgage team is ready to listen to your needs and find a customized mortgage solution just for you. We are a full-service mortgage provider with the benefit of offering personalized solutions. Before you start looking for a home, get pre-qualified to make the process as seamless as possible.

First-Time Homebuyer Programs

  • CHFA- Colorado Finance and Housing Authority*
    • Down payment assistance for qualifying residents of Colorado

    • Grant and Second mortgage down payment assistance program may be available

    • Generous income guidelines

    • Some programs don't have a first-time homebuyer requirement

    • Conventional, VA and FHA programs available

    • The property must be located in the state of Colorado

       

  • El Paso County Turnkey Program*

    Down-payment Assistance Program for El Paso County

    • Up to 5% down-payment assistance
    • Generous income guidelines

    • No First-time Homebuyer requirement

    • FHA, VA and Conventional Freddie Mac programs available

    • Property must be located within El Paso County, Colorado

  • Denver Metro Down-Payment Assistance*

    Down-payment Assistance for Denver and participating cities and counties in and around the Denver area

    • Up to 5% down-payment assistance
    • Generous income guidelines

    • No first-time homebuyer requirement

    • FHA, VA and Conventional Freddie Mac programs available

     

Loan Types

  • Conventional Loans*
    • First-time home buyers may qualify for a Conventional loan with as little as 3% down (some Conventional loans allow the down-payment to be a gift from a family member)

    • Loan amounts less than 80% of the appraised value of the home do not require mortgage insurance

    • AAFCU offers competitive mortgage insurance rates

    • We offer both fixed and adjustable rate loans

    • If you are wanting to refinance or purchase a new home, contact an AAFCU Mortgage Professional to determine which of our many options are best for you

  • FHA Loans*
    • FHA (Federal Housing Administration) loans may not require as much down payment, and may have less restrictive credit, asset and employment requirements

    • The down payment may be a gift from a family member

    • FHA mortgages allow the use of down-payment programs to provide extra assistance to homebuyers

    • FHA loans may allow non-occupying co-signers

  • VA Loans*
    • VA loans typically have lower interest rates than Conventional loans

    • We offer VA (Cashout) Refinances and VA (IRRRL) Streamline Refinances

    • Purchase loans may not require money out-of-pocket (ask about closing cost options)

    • VA loans are available up to $1 million in some cases. Most loans over conforming limit may require a down-payment

    • Credit guidelines may be less restrictive than Conventional loans

  • Jumbo Loans*
    • Any mortgage loan over the conforming limit is considered a Jumbo Loan

    • Credit guidelines may be a more restrictive than conforming loans

       

*These programs are not controlled by AAFCU. Program requirements subject to change.