Loan programs in Colorado Springs
DSCR Loans in Colorado Springs
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 Colorado Springs
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 Colorado Springs
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 Colorado Springs
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 Colorado Springs
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 Colorado Springs
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 Colorado Springs
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 Colorado Springs
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 Colorado Springs
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 Colorado Springs
- Old Colorado City
- Broadmoor
- Briargate
- Northgate
- Downtown
Why borrowers look at Colorado Springs
Colorado Springs pairs Pikes Peak scenery with a military-anchored economy: multiple installations plus defense contractors and a growing tech and outdoor-recreation scene. Housing spans historic Old Colorado City, luxury homes near the Broadmoor, family suburbs like Briargate and Northgate, and affordable options on the east side. Prices sit below Denver's while growth stays strong, attracting relocating families and VA borrowers in large numbers. Investors like the stable tenant base around the bases. Wildfire risk on the city's west side makes insurance shopping essential, and hail affects the whole metro. Northern suburbs keep adding new construction for relocating families, and the area's relatively moderate prices keep it within reach of first-time and VA buyers alike.
Local market snapshot: Colorado Springs
| Median home value | $452,600City of Colorado Springs · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
|---|---|
| Median gross rent | $1,648/moCity of Colorado Springs · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
| Effective property tax rate | 0.43% (approx.)El Paso County, effective rate (approx.) · Source: SmartAsset, Colorado Property Tax Calculator |
Homeowners insurance: Hail plus wildfire risk, especially on the west side near the foothills, shape insurance here. Ask carriers about mitigation discounts for defensible space and fire-resistant roofing, and get quotes early.
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 Colorado Springs
- Pull the El Paso 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 Colorado Springs.
- 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
- Aurora
- 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 Colorado Springs, 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 Colorado Springs?
El Paso County. Lenders include those taxes in the monthly payment used to qualify you.