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Realtors: Be the HERO

Save your clients money with LOW RATES at a LOW COST

Real Savings, Low Rates at a LOW COST

Low Rates at a LOW COST is our  mission and we’re rock stars at it.  It’s a simple goal that has life-changing effects.

Realtors trust LOW COST Mortgage to save their clients a lot of money by offering low rates and low closing costs to get that rate.  

Lower costs help with negotiation and closing.  Lower rates help with affordability and trust.

  • We are typically about 0.5% lower in rate than most other lenders for the same or lower costs.
  • Most buyers save between $8,000 to $15,000 in closing costs for the same or better rate.
  • Highest amount saved for one buyer is $25,462 and our rate was lower!

Videos on Real Savings of Our Clients

Consult with a Loan Officer about the LOW COST Mortgage difference.

  • Knowledgeable Staff: We know mortgage guidelines inside and out
  • Quick Closings: Often Clear to Close within a week or two.
  • LOW RATES at a LOW COST: We choose to make less money on each loan saving your buyers where it counts.
719-362-0439
Consult with a Loan Officer

Our Mission is Simple

LOW COST Mortgage provides Mortgage Loans at a LOWER RATE, With a LOWER COST, and close FASTER than any other lender.

Low Cost Mortgage is dedicated to saving borrowers money on Mortgage Financing. 

We often save borrowers $8,000 – $20,000 or more in costs at a lower rate than our competitors.

Save Thousands on
ALL Loan Types.

Conventional, FHA, VA, DSCR, Bank Statement, USDA, etc. etc. etc.

Show your clients real value by offering Low Rates and a LOW COST that can close FAST.

Interest Rate Search Tool
Run your scenario to see how much we can save your clients

Government Loans: VA, FHA and USDA

  • Save money with lower rates at a lower cost.
  • Typically about 0.5% lower in rate.
  • Experts in VA, FHA and USDA financing guidelines.
  • FICO scores can be down in the 500's.
  • VA and FHA Rehab loans
  • Can Close as fast as 1.5 weeks (2.5 is typical) with W-2 employees.

Conventional: Freddie and Fannie

  • Save money with lower rates at a lower cost.
  • Typically about 0.375% lower in rate.
  • Experts in Conventional financing guidelines.
  • FICO scores down to the 600's (Over 740 is preferred).
  • Can Close as fast as 1.5 weeks (2 is typical) with W-2 employees.

Business Owners: Bank Statement, P&L, etc.

  • Save money with lower rates at a lower cost.
  • Unique loan products for business owners. Call for details.
  • Flexible income calculations with Bank Statement and other types of loans.
  • Lower rates for comparable loan products.
  • Can Close in 2.5 weeks (4 is typical) due to possible complicated income.

Investors: DSCR, Conventional, etc.

  • Save money with lower rates at a lower cost.
  • Specific Investment products with cash flow loans and access to commercial lending.
  • Multiple Property types and portfolios, small and large.
  • Same Day Pre-Approval for a home loan, 7 Days a Week!

How it Works

It only takes about 30 to 60 minutes to fully pre-approve most buyers for a home purchase or refinance.  

touch

Give us a Call

Call us to discuss your specific scenario.
1 (719) 362-0432
7am-10pm MT. 7 Days a week
Step 1
computer

Fill out an Application

Use our online portal to fill out an application.
TIP: Use your computer not your phone.
Apply Online
Step 2
document

Upload Documents

We will request a few documents though the portal needed to prove income, work history, assets, etc.
Online Portal
Step 3
house

You're Pre-Approved!

Congratulations, you are pre-approved! Use your pre-approval to buy or refinance your home.
Step 4

Frequently Asked Questions from Realtors

Call us about any questions 719-362-0439

How are you able to offer such low rates?

This is an easy one. Most lenders try to make a lot of money on a few loans. Low Cost Mortgage likes to do a lot of loans with a small amount of money per loan. We simply chose to make less on each loan and close a lot of volume. Think of it as a "wholesale direct to the public" model for mortgage lending.

How fast can you close a loan?

If a company wants to be cheap in mortgage lending they have to be fast. We are "plumbed" for speed and regularly get clear to close on loans in about one week or so.
There are two main bottle necks for closing a loan, the appraisal and borrower documents. Our systems allow us to move quickly on appraisals and constantly push on borrowers to get documents in quickly.

Can you do HARD loans?

The real question is, does the lender know the guidelines / rules for mortgage lending and do they have investors that will fund those loans. Anyone can do a hard loan as long they know the regulations. There are currently about 6,000 pages of government regulations to get a loan to closing. If you know the rules, we call them guidelines, inside and out and have access to investors that have a desire for the risk of the loan you can close hard loans.
As long as the borrower moves fast with documents we are more then capable of closing what some would call "hard loans". We close them all the time and usually at a lower rate then the competition.

Consult with a Loan Officer about the LOW COST Mortgage difference.

  • Knowledgeable Staff: We know Mortgage Guidelines inside and out
  • Quick Closings: Often Clear to Close within a week or two.
  • LOW RATES at a LOW COST: We choose to make less money on each loan saving your buyers where it counts.
719-362-0439
Consult with a Loan Officer

Our Mission is Simple

LOW COST Mortgage provides Mortgage Loans at a LOWER RATE, With a LOWER COST, and close FASTER than any other lender.

Low Cost Mortgage is dedicated to saving borrowers money on Mortgage Financing. 

We often save borrowers $8,000 – $20,000 or more in costs at a lower rate than our competitors.

Reviews

Pulled from Google Business Page

Great response time, and they were even able to beat out Navy Federals rates! I absolutely recommend these guys.
R B
Colorado
Helped me refinance my mortgage and had the best rate I could find. Very stress free process and would answer any questions at all times of the day.
T H
Colorado
I can’t recommend Mike and his team enough! I’ve had the opportunity to work with Mike on both the listing side and the buyer’s side, and he has been wonderful to work with every time. His communication is excellent, he’s always on top of things, and he truly gets things done. I appreciate knowing I can count on him to keep everyone informed and help make the process as smooth as possible. As a Realtor, having a lender you can trust and feel confident referring to your clients means so much. Mike and his team are exactly the kind of people I love working with, and I’m always happy to recommend them!
B Lambert
North Carolina
My husband and I had a wonderful experience with Low Cost Mortgage. Mike Floren and his team worked tirelessly to make sure that we got the best loan solution possible for our individual needs and preferences. They went above and beyond not only with our loan, but also to help our move go very smoothly. We were extremely surprised and grateful when Mike Floren provided a trailer for us to use to move all of the items in our house to the new location. I would highly recommend Low Cost Mortgage to anyone wanting to finance a loan for their new home. They were phenomenal!
K R
Colorado
They do above and beyond, really responsive, extremely fast to get everything done and they really take care of military personnel such as myself besides,They rates just are the lowest on the market. They closed for my house in less than 15 days. Highly recommended for military personnel Mike is just awesome with us. if you are seeing this review have no doubt on getting your loan with them trust me you won’t regret they’re awesome.
J R
Colorado
Low Cost Mortgage Loans was awesome to work with! From Michael Floren who got us kicked off and moving to Christa Nadeau who walk us through the process, answered every question we could think of and more! These are serious loan officers who are looking out for your best interest. Michael actually told me to hold off for about 4 months until rates were at their very best for us and then Christa locked us in. They could have gone for the quick buck at a higher rate, but they showed true customer obsession!
G W
Colorado
Buying your home is the biggest asset you’ll most likely ever buy. With knowing that, you want to be absolutely sure that the people who are helping you through the process are knowledgeable and make the process as pain free as possible. Michael Floren is not like your average loan officer who half pays attention to what’s in front of him and has you paying for mistakes later. He’s very knowledgeable, prompt, and extremely proactive about every step involved. I’ve had horrible experiences in the past, the worst one being when your loan officer won’t even get back to you within the same day, let alone, a few days. 9/10 times, Michael answers or responds immediately. That 1/10 times is cause he’s being attentive with someone else and still finds the time to let me know he is currently busy and will call me back right after. I’m never left hanging. And can we talk about how cheap his loans are?! Everyone owes it to themselves to compare this company’s loans with everyone else and you’ll see for yourself how dramatically cheaper it is with this company. My review would mean nothing otherwise. I hope those who are unsure who to use, do indeed read this, cause I specifically make this review for you!
S C
Colorado
Where do I begin to rate Low Cost Mortgage Loans. This is by far the best place I have used to get a mortgage loan. I'm an amateur real estate investor, with still a lot to learn, but it's not the first time I apply for an investment property mortgage loan, but it is the best experience I have received so far. From staying on the phone with me the first time I called to get a quick pre approval from Mike, through the loan process and the service Steve provided, this was one of the smoothest transactions I've had. To put things into perspective, I was not approved by another lender my realtor recommended, but with Mike and his team, I was approved with no issues. This really showed me that experience plays such a big role with the lender the buyer is going with. I could have easily walked away and thought that no lender would approve me, because that's what I was told, in fact I was told no Freddie mac or Fannie mae lender would approve me, and that I might need to look into a hard money loan. So let me repeat, Mike and his team were able to approve me without any sneaky fees or any extra down payment of what I was already planning to put down. I'm so thankful I called Mike for this mortgage loan, I would not have closed on this property had I not called him. I definitely recommend Mike and his team at low cost mortgage for any mortgage needs you might have. I look forward to working with them again, and I already have people from my workplace calling them on my recommendation. Thanks guys for all your work.
A C
North Carolina