Resort communities tend to have higher land, labor, and material costs that contribute to overall higher housing costs. The benefits of living near work are many: less impact to the environment by reduced auto emissions, more free time for family and recreation, more time to participate in community activities. If you hope to live near your workplace in a resort, you’ll need to make budgetary judgments on what you realistically can afford.
The Housing Authority has several missions: to help people obtain safe, decent, energy-efficient rental and for-sale housing, and to guide prospective homeowners and current residents to home-buyer counseling and mortgage loan products.
Creating a personal or household budget is a good exercise in deciding whether you are ready to make the commitment to leap from rental housing to qualifying for a mortgage loan. The lenders listed below can help you pre-qualify as a buyer, so you may better purchase housing appropriate for you.
Lending Resources
Andi Alexander
Community Banks of Colorado
503 Sixth Street, Crested Butte, CO 81224
(970) 708-2505
aalexander@cobnks.com
Offers:
- FHA, VA, USDA, CHFA, FNMA, and FHLMC programs
- Portfolio loans for unique or non-warrantable properties
- Internal down payment assistance programs for buyers up to 80% AMI
Sarah Baskfield (Speaks Spanish)
MAC-5 Mortgage
474 Haverly Street, Crested Butte, CO 81224
(970) 596-4949
Sarah@cbloanz.com
Offers:
- USDA, FHA, VA, and conventional loans
- Fannie Mae and Freddie Mac first-time buyer programs
- CHFA and Gunnison County Association of Realtors (GCAR) down payment assistance
Alecia Lambert
Gunnison Bank and Trust Company
232 W. Tomichi Avenue, Gunnison, CO 81230
(970) 642-5141
alambert@gunnison.bank
Offers:
- 30-year fixed mortgages
- USDA, FHA, VA, and non-QM loans
- Locally serviced portfolio loans
- Access to 800+ down payment assistance programs via Freddie Mac DPA One
Michelle Phelps
Guild Mortgage
114 North Boulevard Street, Suite 101, Gunnison, CO 81230
(970) 230-5901 or (970) 596-6868
michelle.phelps@guildmortgage.net
Offers:
- FHA, VA, USDA, and conventional loans
- CHFA down payment assistance
- Guild internal portfolio options
- Flexible underwriting for lower credit scores
Brenda Sargent
Gold Star Financial
219 North Iowa Street, Suite A, Gunnison, CO 81230
(970) 642-3477
bsargent@goldstarfinancial.com
Offers:
- Conventional loans with as little as 3% down
- FHA loans with 3.5% down
- CHFA grants and lender credits (typically $500+)
- Giving to Heroes program
Spanish Lending Resources
For help in avoiding foreclosure, visit www.ColoradoForeclosureHotline.org or call 1-877-601-HOPE (1-877-604-4673).
If you are a mortgage lender or loan originator, and would like to be listed here, please call the Gunnison Valley Regional Housing Authority at 970-641-7900.