Mortgage loans don't
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Denver Market Update

Owning a home may be the biggest purchase you ever make, therefore, it is important you are financially prepared to take on this responsibility. As your Denver mortgage lender, our team at American Capital Financial would love to work with you in making your dreams of homeownership come true. We will always put your wants and needs first and guarantee you get the best Denver mortgage for your financial situation.

To ensure you get the best mortgage rates, it is important to be up to date on the current Denver market so you know when a good time to buy would be. This starts by viewing the median listing price, price per square foot, and the median days on the market over the past three years.

Median Listing Price
Realtor.com states that in March 2015, the median listing price was $339,900, and the next year the price had increased to $388,900. By 2017, the price had rose 2% to $399,900 and continued to rise another 6.28% by 2018, to $425,000. This constant rise in the market implies that the median listing prices in Denver will continue to increase. If you are looking for a mortgage loan in Denver, you could use the prices over the past three years to negotiate for a cheaper rate. Our team would recommend locking in a deal now before the prices get more expensive.

Price per Square Foot
Realtor.com also states the price per square foot in Denver currently being $270. In March 2015, the price was $207 per square foot and rose over 11% to $230 in 2016. By March 2017, the square footage price had increased another 11% to $257 and by March 2018, the price rose an additional 5% to $270 per square foot. This suggests that the real estate market in Denver is becoming more popular and therefore, more valuable.

Median Days on Market
The amount of time a house is listed on the market has consistently increased over the past three years. In March 2015, the time listed was 43 days and by 2016 the time increased to 44 days. By March 2017, the median days listed on the market was 51 days and the current median time a home is listed for is 52 days. This means that buyers are taking their time searching for their dream home instead of making an impulse buy. Don’t rush when shopping the market so you find exactly what you want in a home.

Get Started Today
Home loans in Denver might become more expensive as the market continues to rise. Contact your local lender today at 303-831-9636 to ensure you get the lowest deals out there. So don’t wait, call American Capital Financial today to get started.

Jumbo Rental property Loans? You bet!!!

We do jumbo loans for Non owner occupied properties!! So if you are renting a home and there is a loan amount higher than $417k, give us a call today as we have awesome rates and programs! Are you a Veteran or active duty member of the armed forces? We specialize in VA loans!! We can also do conventional loans with as little as 3% for a down payment. Give us a call today!! 303-830-2208

Looking for a Loan over $417,000

American Capital Financial can loan over $417,000 on most any home with some of the best rates on the market! Our Jumbo Loan program is tops in the market. Give us a call today to take advantage and remember….Mortgage Loans Don’t have to be difficult!

Rates are on the RISE!!!!! There’s still time though….

Be sure to call us today so we can get you pre-qualified for the purchase of your new home before rates head too far up!!

VA Loan??

We Do VA, loans for all first time VA home buyers along with Streamline refinances for those who already have a VA loan on their property. Give us a clal today and we can put you in the perfect loan!

Fall is here and RATES ARE STILL LOW!!!!

Give us a call today! We won’t be beat!!

TIS THE SEASON FOR PURCHASING A HOME

Home inventory is dwindling but as summer arrives we’ll see plenty more homes on the market for sale. Do not miss your opportunity! There is no better time to purchase a home than right now. Contact us today to get pre-qualified for the purchase of that home you have been dreaming of owning and realize that buying low now means selling high later!!

Upside Down and In a Conventional loan???

We have programs that can potentially help those who are upside down in their mortgage. Give us a call today and let’s make magic happen!

Non Owner Occupied FHA loan?? We Streamline those!!!

DO you have an FHA loan on a rental property??? We can streamline that with NO APPRAISAL!!!!!!! Take advantage of lower rates and add nothing to your current mortgage balance by doing an FHA streamline!!!! Call us to find out more!! 303-831-9636

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We could not be happier! You’ve done a phenomenal job Chris, and we’ve referred your services to anyone that will listen. Chuck F
Chuck F

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