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Cherry Creek Mortgage is a lending company that has designed its loan offerings to appeal to borrowers in a variety of circumstances. But the limited states where it’s licensed and the lack of home equity products may send you looking elsewhere.
Loan products offered | Conventional, Jumbo, FHA, VA, USDA, Refinance |
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Minimum credit score | 580 on FHA loans, 620 on conventional loans |
Minimum down payment | 3% |
State availability | AL, AR, AZ, CA, CO, CT, FL, IA, ID, IL, IN, KS, LA, MD, MI, MN, MT, NE, NJ, NM, NV, OH, OK, OR, PA, SC, TN, TX, UT, WA, WI, WY |
NMLS # | 3001 |
Cherry Creek doesn’t specify its loan or credit requirements, but many lenders base your interest rate on your down payment, your credit score, the loan-to-value ratio of the property, the property type and other factors relating to your personal financial situation.
Have the following information readily available before you apply.
Cherry Creek Mortgage doesn’t specify its fees or loan costs, but you can expect to spend between 2% and 5% of your home’s purchase price on closing costs, which include government fees, origination and underwriting fees, title and appraisal costs, taxes and insurance.
You can start the loan application or preapproval process by following these steps.
This lender offers the following additional mortgage loan products:
Cherry Creek offers a wide variety of mortgage loan options, but none of the traditional home equity loans or lines of credit that you would expect to see from a bank.
In addition, this lender offers payment assistance grants to provide help to first-time home buyers, and a Union Advantage program that offers special benefits to union members looking to buy a home, including a $500 gift card once your loan closes.
Cherry Creek Mortgage has been accredited by the Better Business Bureau (BBB) since 2014 and has an A+ rating with only six customer complaints in the last three years.
As of November 2020, very few customer reviews are available online. The company has no Trustpilot entries and has only two customer reviews on the BBB. Facebook’s reviews and recommendations has 55 reviews for Cherry Creek Mortgage with a 3.8-star rating.
Cherry Creek Mortgage is a retail lending company headquartered in Colorado that was founded in 1987. The company has brick-and-mortar offices in 18 states and is licensed to offer mortgage services in 33 states.
Review by
Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.
Cherry Creek Mortgage’s goal to be the lender for “1 out of every 100 homebuyers in America” shows in the sheer variety of mortgage products it offers. Additionally, the company works with state programs to assist with down payment and closing cost expenses, and has special programs to help medical professionals and union workers. But Cherry Creek Mortgage is only licensed in 33 states, and the lack of detailed information on its website means you’ll have to call a loan officer to answer some basic questions.