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Mortgage Loans With Local Guidance You Can Count On

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New Mortgages

A new home starts with the right financing. Red Rocks Credit Union provides local support from application to closing.

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Refinance

Revisit your mortgage based on your current goals. Red Rocks Credit Union helps you compare options for your payment, loan term, and overall home financing strategy.

For current mortgage rates, call 303.471.7625 or connect with a member of our mortgage team.

Why Choose Red Rocks Credit Union for Your Mortgage Loan?

A mortgage loan is a major financial decision. We provide members with a local lending partner who can help you compare options, understand the details, and feel supported throughout the process.

Value

With no application fee, no annual fee, and low closing costs, Red Rocks Credit Union keeps more of your money focused on the home itself.1

Product Depth

We offer a range of mortgage options, including conventional, fixed-rate, FHA, VA, USDA, jumbo, non-conforming, and bridge loans.*

Guidance

Our mortgage team helps you understand your options, prepare for the next steps, and choose a loan path that fits your financial picture.

Member Convenience

Already a Red Rocks Credit Union member? Keeping your mortgage close to your other accounts can make managing your finances simpler.

What We Offer

Different goals call for different home loan options. Our mortgage team can help you compare mortgage types and determine which options may align with your homeownership goals, budget, and timeline.

Type of Loan Best For Minimum Credit Score Low Down Payment Options
Conventional Loan Most people 620
FHA People with challenging credit or limited down payment 620
VA Military veterans 600
USDA Lower income buyers who want to live in a rural, eligible area 620
Non-conforming ARM Loans that do not fit any of the other categories 740
Jumbo Larger loan amounts (the dollar amount depends on where you are buying) 740
Bridge People who currently own a home but want to buy a new primary home and use the equity in their current home as a down payment 660 N/A

How the Mortgage Loan Process Works

Buying a home has a lot of moving pieces, but you don’t have to sort through them alone. Red Rocks Credit Union helps guide you through the process so you know what to expect.2

Mortgage page - pre-approved

Pre-approval helps you understand your buying power before you start making important home decisions. To get started, you'll typically need to provide documents such as recent pay stubs, W-2s or tax returns, bank statements, and information about your current debts and assets.

Once you have a better understanding of your budget, you can begin working with your real estate agent to find a home that fits your needs, goals, and price range.

Your pre-approval can help demonstrate to sellers that you’re ready to move forward. Once your offer is accepted, Red Rocks Credit Union will use the final purchase details to help move your mortgage application into the next stage.

By this stage, you'll have an estimate of your monthly payment and closing costs. This step focuses on confirming your final loan terms, locking in your rate if applicable, and reviewing the exact figures before closing.

The appraisal helps confirm the home's value for lending purposes, while the inspection, arranged separately by the buyer, helps identify potential issues with the property. Red Rocks Credit Union will use the appraisal and final loan details to keep your mortgage moving toward closing.

Once your loan is approved and final documents are ready, you'll review and sign your closing paperwork! Red Rocks Credit Union will help coordinate the final mortgage details so you can complete the process and get ready for homeownership.

Estimate Your Monthly Payment

Use our mortgage calculator to explore estimated payments before you apply. Compare different loan amounts, down payments amounts, and loan terms to see what may fit for your monthly budget.
Use The Calculator

Understand Your Buying Power

A mortgage pre-approval can help you shop with confidence before making an offer. Red Rocks Credit Union offers no-cost pre-approvals, typically within two business days, with pre-approval letters valid for 120 days.2
Get Pre-Approved

Answering Your Biggest Mortgage Questions

What is a down payment?

Up front money that you contribute to the purchase.
How much mortgage can I afford?

The answer depends on your financial situation, but a common guideline is to keep your mortgage payment at or below 28% of your gross monthly income.
What is PITI?

PITI stands for principal, interest, taxes, and insurance. They are the four factors that comprise your mortgage payment if the payment escrows.
What is escrow?

A mortgage escrow is a holding account that your lender sets up for you where you pay a portion of your annual homeowner insurance and property tax bill each month.
What credit score do I need?

It depends on what type of mortgage loan you are interested in, but 620 is a common minimum score for most loan types.
What is PMI?

PMI stands for private mortgage insurance. It is typically required when you make a down payment of less than 20%, meaning you have less than 20% equity in your home.
What are the closing costs?

The origination charges will be 1% of the loan amount plus a $900 processing fee. The other costs will be for services needed to process the loan such as the appraisal fee, credit report fee, flood certification, and title work, plus prepaid interest and escrow.
How can I compare Red Rocks rates and fees to other lenders?

If you complete a pre-approval application with us, we can provide a Loan Estimate to you which clearly outline the terms of the loan including the rate, payment, and estimated closing costs which you can use to compare to other lenders.
What is Servion?

Servion is a company that Red Rocks Credit Union partners with to help us process mortgages. They provide assistance with items like sending loan disclosures, underwriting, and scheduling closing.

*Financing available for homes in Colorado

1Origination charges and other loan processing fees apply.

2All loans are subject to credit approval. Rates may vary based on credit history, loan to value (LTV) ratio, terms, and other factors. Rates and terms are subject to change without notice. Contact a Red Rocks Credit Union mortgage loan officer or complete a loan application for more details. Membership required.

 

Ready to Talk Through Your Mortgage Options?

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Tailored Solutions for the
Place You Call Home 🏠

Are you ready to make a move today? Whether you're a first-time homebuyer, looking to move up, or ready to purchase that dream vacation home, we understand that your home is a significant part of who you are and how you live. At Red Rocks Credit Union, our trusted support and tailored solutions are designed to help you get the financing you need, with unparalleled service every step of the way. Let us help you create a home that enriches your life. With interest rates changing every day, call 303.471.7625 for current rates. 

Ready to begin your application?

Happy couple standing in front of their new dream home — representing home financing with Red Rocks Credit Union mortgage.

First Mortgages
with Servion: 

Through our partnership with The Servion Group, we’re proud to provide our members with a wide variety of financing options such as: 

  • Conventional Loans
  • Fixed-rate and ARM options
  • FHA Loans
  • VA Loans
  • USDA Loans
  • Jumbo/Non-Conforming Loans

Enjoy competitive rates, low closing costs, and personalized guidance throughout the entire home-buying process. We're here to ensure your path to homeownership is smooth and stress-free.

 

APPLY NOW

Our Partnership with The Servion Group

Happy family posing on the couch together at home in the living room

*Financing available in Colorado.

Rates may vary based on credit history, value of collateral, loan to value, terms and other factors.  Payment is subject to rate and term. Details provided upon completion of loan application. 

Meet Jeremy
Mortgage Loan Specialist
NMLS - 1507899

With nearly a decade of experience in loan origination, processing, and closing, Jeremy excels as Red Rocks CU's Mortgage Loan Specialist, providing top-tier member service and clear, effective communication. His extensive background in credit unions allows him to expertly guide members through the loan process, ensuring a smooth and efficient experience. Jeremy is dedicated to making sure every member feels informed and confident, offering trusted support and tailored solutions at each step of their loan. Call 303.471.7638 to speak with Jeremy and get started on your home financing path.

EHL

 

Jeremy - Mortgage Loan Specialist at Red Rocks Credit Union

"Jeremy helped me book my HELOC and the process was so smooth! He explained everything perfectly and was so friendly and informative the entire process. Will always recommend Jeremy to all my friends and family that are in the search for a mortgage, HELOC/2nd mortgage!"

MandiMember since 2016

First Mortgage Servicer:
Midwest

You can view your statements, make mortgage payments,
check insurance and tax information and more online through Midwest.

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REGISTER

Contact us at 303.471.7625 if you need assistance. 

First-time Home Buyer Resources

Explore helpful resources to kickstart your home-buying path and find the support you need every step of the way.

New Buyers Guide - Servion

Home Buyer’s
Guide

Download our Home Buyer's Guide by filling out the form below.

 
check list

Simple Home Buyer’s
Checklist
Mortgage vocabulary form

Key Mortgage
Vocabulary

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