Loan programs in Aurora
DSCR Loans in Aurora
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorFix and Flip Loans in Aurora
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorDSCR Cash-Out Refinance in Aurora
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorShort-Term Rental (Airbnb) DSCR Loans in Aurora
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
Home loanBank Statement Loans in Aurora
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in Aurora
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanFirst-Time Homebuyer Loans in Aurora
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanVA Loans in Aurora
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanCondo Loans in Aurora
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Neighborhoods in Aurora
- Southlands
- Mission Viejo
- Tallyn's Reach
- Aurora Highlands
Why borrowers look at Aurora
Aurora is Colorado's third-largest city and Denver's biggest suburb, notable for its diversity and relative affordability. Buckley Space Force Base and the Anschutz Medical Campus anchor employment, while neighborhoods like Southlands and Tallyn's Reach offer newer suburban housing at prices below Denver proper. First-time buyers priced out of central Denver often land here, and the rental market stays deep thanks to military, medical, and service workers. The city spans three counties, so tax bills and insurance quotes can vary by address; verify both for the specific property. Commuters trade longer drives for meaningfully lower purchase prices. Ongoing development along the E-470 corridor continues to add housing supply on the city's eastern edge.
Local market snapshot: Aurora
| Median home value | $469,100City of Aurora · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
|---|---|
| Median gross rent | $1,835/moCity of Aurora · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
| Effective property tax rate | 0.52% (approx.)Arapahoe County, effective rate (approx.) · Source: SmartAsset, Colorado Property Tax Calculator |
Homeowners insurance: Aurora shares the metro's hail exposure, and premiums have risen sharply in recent years. Roof condition is the key quote variable; newer roofs and impact-resistant shingles can earn meaningful discounts.
Figures are the most local reliable public data available (city, then county, then statewide), each labeled above. They are context for your payment estimate, not a quote, run your scenario through our payment calculator.
Before you buy or refinance in Aurora
- Pull the Arapahoe County property tax bill early; it is part of every payment and DSCR calculation.
- Get an insurance quote before you lock a price.
- For rentals, check rent comps and any local rental registration or short-term rental rules in Aurora.
- Colorado charges a small state documentary fee on deeds (1¢ per $100). Short-term rental rules vary sharply by city, so DSCR loans on STRs need a local permit check first.
Run the numbers
- DSCR Calculator
- Fix and Flip Profit Calculator
- Mortgage Payment Calculator
- Home Affordability Calculator
Other Colorado cities
- Denver
- Colorado Springs
- Fort Collins
- Lakewood
- Thornton
- Westminster
- Pueblo
- Boulder
- Greeley
- Longmont
- Castle Rock
- Grand Junction
- Loveland
- Centennial
- Arvada
- Highlands Ranch
- Broomfield
- Commerce City
- Parker
FAQ
What loans can I get in Aurora, CO?
Investor loans (DSCR, fix and flip, cash-out, short-term rental) and owner-occupied home loans (bank statement, FHA, VA, conventional and more).
Who assesses property taxes in Aurora?
Arapahoe County. Lenders include those taxes in the monthly payment used to qualify you.