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Mortgage Lending

Looking for home financing? Here at Rocky Mountain Bank & Trust, we can help you realize the dream of home ownership. Whether you're a first-time home-buyer, or an experienced veteran, here at Rocky Mountain Bank & Trust we offer competitive rates on our home loans. Let us help you finance one of your most important life assets and one of the largest purchases you will make in your lifetime... your home.

  • Competitively low mortgage loan interest rates.
  • Fixed or Adjustable Rate (ARM) financing available.
  • Personal, home-town service and local decision-making.

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Bonnie Portrait Picture

Contact Bonnie
719-314-1529 (Office)
719-440-5106 (Cell)
NMLS#1409071

 
Mortgage Loan Products
  • Conventional Loans
    • Buyer has immediate equity in the property.
    • Low down payment options available for qualified borrowers.
    • No private mortgage insurance is required with a 20% down payment, which is a great advantage.
    • Fewer bureaucratic hurdles, making the loans quicker to process.
    • No government stipulations and prepayment penalties if you sell or refinance your house
  • Portfolio Loans
    • In-house; non-conforming.
    • Financial flexibility
    • Single-wide mobile homes
    • High debt to income
    • Loans that don't fit the VA, FHA, and Conventional guidelines
  • JUMBO Loans
    • Loans in excess of $548,250
    • Conventional lenders typically insist that the borrower put down more than 20% on a JUMBO loan.
    • Interest rates on JUMBO loans traditionally run higher than Conforming loans.
  • FHA Loans

    • Low down payments (as low as 3.5% of the purchase price).
    • Great rates
    • Easier credit qualifying
    • 100% gift funds acceptable for down payment and closing costs.
    • Flexible qualification guidelines.
    • El Paso County - less than $393,300.
    • Fremont County - less than $356,362.
    • For other counties in Colorado - please call us!
  • USDA Home Loans
    • 2% guarantee fee may be included in financing.
    • Competitive interest rates.
    • Lender fees and closing costs (including prepaid funds) may be contributed by the seller or may be eligible to include in the loan, depending on the appraised value.
    • Gifts or grants permitted from family, friends, and non-profits agencies.
  • VA Loans
    • 100% Financing & No Down Payment Options
    • Competitively low VA loan interest rates
    • Seller can pay off your debts to qualify
    • No cash reserves required
    • VA funding can be financed
    • More leniency on derogatory credit
    • No monthly mortgage insurance
    • Maximum loan amount equal to the conforming loan limit
Essential Documents Checklist
  • Standard Items
    • Signed Loan Application and Full Disclosures
    • Previous Two Years W-2's & Full Tax Returns (All Schedules) Most Recent 30-Days' Pay Stubs or Proof of Any Income
    • 2 Most Recent, Consecutive Months Bank Statements
    • Homeowner's Insurance Information
      • Agent's Name, Phone Number, Address and E-Mail
      • Declaration Page
      • Quote if Not Purchased
      • Policy Number & Full Policy if Available Purchase Contract
    • Copy of Driver's License
    • Current Mortgage Statement
    • Copy of Earnest Check (Purchase Only)
  • If Self-Employed
    • Previous Two Years Business Tax Returns
    • Year-To-Date Profit & Loss Statement for Current Year
    • Business Licenses and Information for Corporate Entity
  • Additional Items if Applicable
    • Copy of Settlement Statement for Current Property if Sold or to be Sold
    • Form DD214/LES and VA Certificate or Eligibility Form (VA Loans Only)
    • Proof Student Loans are in Deferment
    • Document Stating Retirement/Annuity Income will continue for at Least 3 Years
    • Signed Gift Letter by Gift Give, Copy of Gift Check, Copy of Giver's Bank Statement Showing Available Funds
    • Bankruptcy Discharge/Dismissal Papers (If Applicable)
    • Divorce Decree (If Applicable)
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