Choosing the Right Type of Loan

When looking for a new home, it is imperative to choose the best type of loan for you. Here at CREFCO, we offer a few different loan options, and can let you know which would fit you best. Based on your current credit score and annual income, our team of specialists can determine how much you can be pre-approved for. We make the entire process easy for you, from start to finish. First, you will speak with one of our trained Loan Officer Assistants, who will gather some basic information from you, as well as answer any questions you might have. After this quick phone call, we will have you speak with a Loan Agent, who will be able to let you know the amount we can get you pre-approved for. If for any reason you do not qualify for a loan today, we can let you know what will need to be done to get you in your new home as quickly as possible.  Our extensive list of Loan Officers aren’t just here to help you get a home loan, but they can also help you with any credit related issues as well. We will work with you until you are where you need to be to qualify. We focus on customer service here. Your Loan Officer will be available to you anytime throughout the day with a simple phone call. We don’t want you hesitate to reach out to us with any questions you might have throughout the process.  So what are you waiting for? Get started today!


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12 thoughts on “Choosing the Right Type of Loan

  1. I need to know what kind of loan to ask for. I need to get a loan to get my parents old dairy farm back up an running so I can increase my Herd of beef cows. Also have a boarding / Training facility on the property.Hay field need lime an fertilizer, roof on cow barn an fencing for existing beef cows.

    • Hey, Heather! Unfortunately, the USDA loan is for single family homes without income producing elements. Therefore, this loan would not be the one for you. You need more of a farm loan.

  2. CREFCO Adminstration
    What type of Agricultural is needed to purchase a working farm in Colorado, Elbert County. property does not have a home on it and would also need a mobile or modular home as well.
    Can you make any suggestions. Thank you, MFL

    • Sorry, Michael. The USDA program is not for anything that has income producing elements, so that would not be the right fit. You would need to find someone locally that handles farm loans. I am sorry, but at this time, I do not have any referrals for you in that arena.

  3. Going to look at a house, hopefully this weekend. If my boyfriend and I like it, hoping to buy it. Was wanting to know what kind of loan I should ask for?

    • I want like to know would I qualify for a loan for a house in country for As Is. Price asking cash sale is lower than what they offered, $36,000. I willing to put the land and house for collateral. What type loan would I qualify.

  4. My mid credit score is 660, my income is 78k, but my bank statements are a mess with overdraft fees largely due to paying 2 complete household bills in which I will no longer be doing in one week. Also the fact that I didn’t know that I would be trying to buy a home this soon. Thus, needing to get a 100% financing loan. Will my bank statements prevent me from getting a USDA loan?

    • The good thing about this program is that it is a government entitlement program and they actually still base their approvals off of good letters of explanation. I am going to have Jeremy contact you to go over this, Jamie.

  5. I need to get a loan to buy the house from my sister who do not want it any more. Will I be able to get a loan here to pay for the house.

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