Get the support you need throughout the home buying process

Win The Bidding War

Stand out from the buying competition in a seller’s market by working alongside professionals who give you the edge needed to close fast.

Services List

BUYING A HOME

Conventional loans, FHA, VA, USDA, DSCR, Bank Statement

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REFINANCING

Reduce your rate, reduce payments, cash out on equity for projects, or consolidate debt.

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REVERSE MORTGAGE

If you are 62 or older you can take advantage of built up equity in your home.

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DOWN PAYMENT ASSISTANCE

Take advantage of programs that will help you get into your new home with little to no money down.

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COMMERCIAL REAL ESTATE LOANS

Thousands of Loan Programs. Hundreds of Lenders. One Commercial Real Estate Lending Platform.

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Pre-Approvals

Get your offer accepted with underwritten pre-approvals and close in 14 days or less

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Annual Financial Reviews

You are not just a transaction. Let's review your financial options to make your money and assets work for you.

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Credit Counseling

Get advice on repairing your credit from someone who has been there. Personal experience is the best teacher.

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Find the best financial options for you and your family.

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Why People Choose Me

What I OFFER

Services

Mortgage Origination
Financial Strategies
Credit Counseling
Realtor Marketing Guidance

WHAT I DO

Communication

Regular update calls
Answer or call back 7 days a week
Annual reviews
Continued communication after closing

What you expect

Support

Questions answered promptly
Find the best financial option for you and your family
A team supporting me to get your loan done quickly and accurately

insights

Mortgage Calculator

statistics

Current Mortgage Rates*

*All loans are subject to credit approval. Interest rates are subject to change daily and without notice. Current interest rates shown are indicative of market conditions and individual qualifications and will vary upon your lock-in period, occupancy, loan type, credit score, purpose and loan to value.

Eric The Red MLO - Celebrity Home Loans

5.0

Based on 6 reviews

review us on

Lora K

15:39 15 Jul 22

Eric was great to work with. Very flexible to my needs and offered other loans that were a better fit for me.

Breann Garcia

00:08 14 Jul 22

Eric was wonderful he helped us get are first home. It was easy painless and he did all the work we just had to sing. God had put him in are life for a reason. His assistant makalya had a nail in her tire and went to my husband's shop at peerless and he helped her witch in return helped us because my husband likes to talk... so she gave him Eric number and in God's grace we got are first home. Thank you Eric and his team of expert's.

Roberto Rocha

00:08 14 Jul 22

He came in to my shop need some help. Cuzz of these damn potholes in Colorado With a dent rim. We started talking about what he does for a living. To my surprise Eric said realstate I been try to close on a house talking to my bank and getting no where. Him and his team makalya. Had a sit down, 6 weeks later found me a lander. And we closed today on our dream house. Talking about getting it done this is the man who can do it With his team. It was God's plan that he came to my shop in brighton Colorado Peerless tires 4 less.

Lisa Stratner

15:50 16 May 22

I was very impressed with Eric and his customer service and attention to detail. I have already begun recommending him to friends who are looking at refinancing or purchasing a new home.

Clarissa Layne

18:38 10 May 22

Eric is great to work with. No headaches, no hassles. Gave me all the information I needed. He is very knowledgeable about the industry and real estate trends. I look forward to working with him again in the future.

Nathan Forde

17:06 04 May 22

Eric is very helpful, knowledgeable, and attentive. I highly recommend him for any mortgage needs.

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Contact Details

If you are interested in working with me then please drop me a line, I would love to hear from you.

Eric@mortgageprocolorado.com

303-521-2171

7503 E 130th Circle Thornton CO 80602

Book an Appointment

Frequently Asked Questions

My goal is to have your loan ready for closing as soon as possible! If everything is provided it can close as quickly as 10-21 days. Generally, the items that take the longest to receive are things such as the appraisal and the title work and the conditions that you need to provide me with. I’ll want to get the appraisal and title work ordered as soon as possible to avoid any delays.

You wouldn’t go shopping for a new car without knowing how much you can afford. Why would buying a home be any different?

Pre-Approval Today = Less Stress House Shopping Tomorrow

Let’s face it. One of the most stressful things about buying a home is adjusting to your new mortgage payment. Knowing your family’s financial boundaries before shopping for your new home can make the process go much more smoothly.

Your pre-approval is an essential tool when house shopping, because it…

Determines what homes are in your price range
Assures real estate brokers and sellers that you are a qualified buyer
Can be used to your advantage in future negotiations

In addition to your down payment, you will need funds to cover the associated costs of getting a mortgage. Total costs include the charges for your appraisal, tax service, survey (if necessary), deposit, closing fee, flood certificate, title commitment, and recording fees. Additional costs can also be involved in a purchase depending on the particular situation, including; points, inspection fees, pre-paid interest, taxes, insurance, and private mortgage insurance (PMI).

A home loan often involves many fees, such as the appraisal fee, title charges, closing fees, and state or local taxes. To assist you in evaluating our fees, we’ve grouped them as follows:

Third Party Fees

Fees that we consider third party fees include the appraisal fee, the credit report fee, the settlement or closing fee, the survey fee, tax service fees, title insurance fees, flood certification fees, and courier/mailing fees.

Third party fees are fees that we’ll collect and pass on to the person who actually performed the service. For example, an appraiser is paid the appraisal fee, a credit bureau is paid the credit report fee, and a title company or an attorney is paid the title insurance fees.

Taxes and other unavoidables

Fees that we consider to be taxes and other unavoidables include: State/Local Taxes and recording fees. These fees will most likely have to be paid regardless of the lender you choose. If some lenders don’t quote you fees that include taxes and other unavoidable fees, don’t assume that you won’t have to pay it. It probably means that the lender who doesn’t tell you about the fee hasn’t done the research necessary to provide accurate closing costs.

Lender Fees

Fees such as points, administration and escrow waiver fee (if an escrow waiver is requested and approved) are retained by the lender and are used to provide you with the lowest rates possible. This is the category of fees that you should compare very closely from lender to lender before making a decision.

Required Advances / Pre-Paids

You may be asked to prepay some items at closing that will actually be due in the future. These fees are sometimes referred to as prepaid items.

If an escrow or impound account will be established, you will make an initial deposit into the escrow account at closing so that sufficient funds are available to pay the bills when they become due. This type of charge should not vary from lender to lender.

Whether or not you must purchase mortgage insurance depends on the size of the down payment you make.

If your loan is a purchase, you’ll also need to pay for your first year’s homeowner’s insurance premium prior to closing.

FHA/VA loans: Generally, mortgage insurance premiums (MIP) on FHA loans and the VA funding fees for VA loans cannot be removed.

Conventional loans:

Lender paid mortgage insurance cannot be cancelled.
Borrower paid mortgage insurance (BPMI) may be cancelled under certain circumstances. Check with your mortgage provider for details.
- Single-family, primary residences originated on or after July 29, 1999 are governed by the Homeowners Protection Act (HPA). The HPA contains provisions for early cancellation and automatic or final termination of BPMI under certain circumstances.

Borrower requests for early BPMI cancellation:

Borrowers with loans covered by HPA may request, in writing, early cancellation of BPMI if:

The principal balance is equal to or less than 80 percent of the original property value*
Payments are current, with no 30-day late payments in the last 12 months and no 60-day late payments in the last 24 months
The property value has not declined below the original property value
For purchase transactions, original property value is either the purchase price or the original appraised value, whichever is lower. For refinances, original value is the original appraised value at the time the loan was originated.
There are no subordinate liens

Automatic BPMI termination:

The HPA governs automatic termination of BPMI on conventional loans for single-family, primary residences originated on or after July 29, 1999. State law and/or other guidelines may also apply. The loan must be current upon reaching the automatic termination date. Otherwise, BPMI will be terminated on the first day of the first month following the date the loan becomes current. Additional principal payments don’t advance the automatic BPMI termination date.

Final BPMI Termination:

If you have not exercised the early cancellation option and if your loan has not yet reached the 78% threshold for automatic BPMI termination, it will end at the halfway point of the loan’s original term. As with automatic BPMI termination, your mortgage loan must be current upon reaching the final termination date; otherwise, BPMI will be terminated on the first day of the first month following the date the loan becomes current.

Generally speaking, you’ll need a credit score of at least 620 in order to secure a loan to buy a house. That’s the minimum credit score requirement most lenders have for a conventional loan. With that said, it’s still possible to get a loan with a lower credit score, including a score in the 500s.

You pay a lot more for a mortgage in monthly payments as well as rate with lower credit scores. The best rates and payments are available to those in the upper 700s and above.

Once you start the application process we’ll need to verify the information you gave us with specific documentation, such as your last two years of income tax returns, bank statements, pay stubs and documents pertaining to other assets and personally owned real estate. You’ll receive notification in writing of required documentation needed to obtain a final approval. In some cases, our Underwriting Department may request additional information.

Fannie Mae and Freddie Mac are large companies that guarantee most of the mortgages made in the U.S. Together, they are also known as the government sponsored enterprises (GSEs). Historically, they were private companies operating with government permission and under government regulation. In late 2008, following the financial crisis, the U.S. government took over operations at both companies.

Loan guarantees from Fannie Mae and Freddie Mac reduce risk for lenders who make loans and investors who might purchase them. This makes loans more affordable and contributes to the availability of 30-year fixed-rate loans. Loans that are not eligible for Fannie Mae or Freddie Mac guarantees are typically more expensive.

Loans guaranteed by the GSEs are known as conventional loans. To qualify, these loans must meet certain criteria. Some requirements are established by government regulation (for example, maximum loan amounts), while others are set by the companies.

The closing costs you pay when securing a mortgage will be about 3% to 6% of the total loan and include:

Generally paid with your application:

A non-refundable application fee to process your information
An appraisal fee for the property, which is required by the lender
A fee for the lender to check your credit report (i.e. credit score and history) to help determine qualifications as well as loan limits

Generally paid at closing:

A survey fee may be required in order to verify property boundaries
A flood certification fee may be required to ensure the property is not in a flood zone
The title search fee is used to check the property’s history to ensure there are no legal claims on it
Title insurance from the lender is used to make sure the loan is repaid
Attorney costs associated with closing the loan
Recording and transfer costs—a small fee applied to recording the purchase of your home
Loan preparation fees, which are a percentage of the overall loan amount
Discount points (an optional percentage-of-the-loan amount) paid to get a lower interest rate
Escrow accounts, including private mortgage insurance (PMI), homeowner’s insurance, property taxes, and possibly, interest

Online lenders have their merits, but when it comes to personalized service and speed to respond, an experienced local mortgage adviser can’t be replaced. If you have a trickier financial situation, an online lender’s algorithm may turn you down without exploring every avenue to make your dream of homeownership a reality. Sometimes, the opposite happens with online-only lenders – borrowers will get approved even when they shouldn’t be.

Most homebuyers would agree that finding a perfect mix of convenient technology and face-to-face human help is the best way to a smooth closing.

Eric Niehoff – Mortgage Loan Originator – NMLS 2240947 – #EricTheRedMLO – Eric The Red MLO

Helping you build generational wealth through real estate

Get the support you need throughout the home buying process

Win The Bidding War

BUYING A HOME

REFINANCING

REVERSE MORTGAGE

DOWN PAYMENT ASSISTANCE

COMMERCIAL REAL ESTATE LOANS

Pre-Approvals

Annual Financial Reviews

Credit Counseling

Find the best financial options for you and your family.

Why People Choose Me

What I OFFER

Services

WHAT I DO

Communication

What you expect

Support

insights

Mortgage Calculator

statistics

Current Mortgage Rates*

Contact Details

Eric@mortgageprocolorado.com

303-521-2171

7503 E 130th Circle Thornton CO 80602

Frequently Asked Questions

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