Let's Talk Durango Home Loans

house

Purchase

In the market for a new home? Let us know the details so we can best help you with your financing options.

GET MY FREE ANALYSIS

    Is this your first home purchase?

    Back

    What is the type of home you are looking for?

    Back

    Do you qualify for a VA loan?

    Back

    Choose how your home will be used

    Back

    Loan Amount Requested

    Next

    Back

    Purchase Price

    Next

    Back

    What is your credit score?

    Back

    Are you self-employed?

    Back

    Have you had a foreclosure, short sale, or bankruptcy in the last 7 years?

    Back

    Property Zip Code

    Next

    Back

    What is your first name?

    Next

    Back

    What is your last name?

    Next

    Back

    Thank you!
    What is your email address?

    Next

    Back

    What is your best contact phone number?

    Back

    1
    /

    Thanks for your request!

    We've received your request and look forward to speaking with you soon.

    One of our representatives should be calling you shortly, but if you need immediate assistance you may contact us directly at 970-828-1610.

    If you want to get started right away you can start your mortgage application online.

    We look forward to the opportunity of earning your business.

    Home
    money

    Refinance

    We would love to help you refinance but want to make sure it’s best for you! Let’s talk details.

    GET MY FREE ANALYSIS

      What is the balance of a loan you want to refinance?

      Next

      Back

      What is the type of home do you currently own?

      Back

      Choose how your home is being used

      Back

      Estimated value of your home

      Next

      Back

      Do you have a second mortgage?

      Back

      What is your credit score?

      Back

      Have you had a foreclosure, short sale, or bankruptcy in the last 7 years?

      Back

      Property Zip Code

      Next

      Back

      What is your first name?

      Next

      Back

      What is your last name?

      Next

      Back

      Thank you!
      What is your email address?

      Next

      Back

      What is your best contact phone number?

      Back

      1
      /

      Thanks for your request!

      We've received your request and look forward to speaking with you soon.

      One of our representatives should be calling you shortly, but if you need immediate assistance you may contact us directly at 970-828-1610.

      If you want to get started right away you can start your mortgage application online.

      We look forward to the opportunity of earning your business.

      Home
      icon

      Refinance Cash Out

      Let’s strategize together to make sure you’re accomplishing all of your goals in one fell swoop.

      GET MY FREE ANALYSIS

        How much would you like to borrow?

        Next

        Back

        What is the type of home do you currently own?

        Back

        Choose how your home is being used

        Back

        Estimated value of your home

        Next

        Back

        What’s your balance of your current loan?

        Next

        Back

        Do you have a second mortgage?

        Back

        What is your credit score?

        Back

        Have you had a foreclosure, short sale, or bankruptcy in the last 7 years?

        Back

        Property Zip Code

        Next

        Back

        What is your first name?

        Next

        Back

        What is your last name?

        Next

        Back

        Thank you!
        What is your email address?

        Next

        Back

        What is your best contact phone number?

        Back

        1
        /

        Thanks for your request!

        We've received your request and look forward to speaking with you soon.

        One of our representatives should be calling you shortly, but if you need immediate assistance you may contact us directly at 970-828-1610.

        If you want to get started right away you can start your mortgage application online.

        We look forward to the opportunity of earning your business.

        Home
        Mother hugging her young son at home

        Financial Security Starts at Home

        We are here to help you every step of the way.

        Looking for a mortgage lender in Durango? I’m Peter Pritchard, a local mortgage broker at 1099 Main Ave, Suite 305, and I’ve been originating home loans for 28 years. Instead of offering one bank’s programs, I compare multiple lenders to find the right fit for your Durango home loan: purchase, refinance, VA, FHA, USDA, jumbo, reverse and second-home loans across La Plata County and all of Colorado. Call or text 970-828-1610 and I’ll get back to you the same day.

        From initial conversations to closing, we are committed to providing you a painless mortgage experience. We provide local, in-house loan processing and hands-on help through underwriting and closing, with the highest level of personal service. Rest easy knowing Animas Mountain Mortgage is working to ensure you obtain the best loan possible for each unique situation.

        New to working with a broker? Learn how to compare mortgage lenders in Durango, CO.

        Buying a mountain getaway or a rental? See second home loans in Durango and investment property loans.

        Our Specialties

        icon

        Unmatched Customer Service

        We take pride in our customers, and quality customer service is our upmost highest priority. Our staff is available at all times to help you with any questions or concerns you may have.
        icon

        Exceptional Loans and Mortgages

        We work with multiple lenders, allowing us to provide our clients with extremely competitive pricing. When you work with us, we do all of your comparison shopping for you and keep you notified along the way. Rest easy knowing I've compared options from multiple lenders for you.
        team

        Clients Come First

        Our clients come first every step of the way. Our staff is always available to answer any questions or concerns throughout the entire mortgage process.
        family

        Mortgage Resources

        Below are several resources to help answer any question you may have about your mortgage or refinancing options. 

        pen

        Compare Loans

        Consider our complete list of loans to help you decide which loan is the best fit for you.

        calculator

        Calculators

        Make sense of the numbers. We have several different calculators to explore for different mortgage needs. 

        qa

        Questions & Answers

        The most common mortgage questions addressed. Still looking for answers? Give us a call! 970-828-1610

        people

        Answers To Some Commonly Asked Questions.

        If you have additional questions, please give us a call at 970-828-1610 or email us at anytime at  info@animasmountainmortgage.com.

        Do I need a big down payment to buy a home?
        Not always. Several loan programs are built for buyers with limited savings, including VA and USDA options for those who qualify. What fits you depends on your credit, income and the home, so I will walk you through the programs you qualify for.
        Are you a lender or a mortgage broker?
        I am a local mortgage broker. Instead of offering one bank's products, I shop multiple lenders for the loan that fits your situation. Processing is handled here in Durango, with hands-on help from me through underwriting and closing.
        How fast can I get pre-approved?
        Usually the same day, once I have your income and asset documents. A pre-approval letter shows sellers and agents you are ready to make a serious offer.
        Fixed or adjustable rate: which is right for me?
        A fixed rate stays the same for the life of the loan, so your principal and interest payment does not change. An adjustable rate is set for an initial period, then adjusts with a market index within limits written into your loan. The right choice depends on how long you plan to keep the home and how comfortable you are with a payment that can change. I can compare both side by side for you.
        What is mortgage insurance, and can I avoid it?
        Mortgage insurance protects the lender if a loan goes into default, and it is common when the down payment is smaller. On conventional loans it can usually be removed once you build enough equity. FHA and USDA loans follow their own rules, and VA loans do not have monthly mortgage insurance. I will show you the cost and your options before you choose.
        Can I use my IRA or 401(k) toward a down payment?
        Often, yes. Retirement funds can sometimes be withdrawn or borrowed against, but taxes and penalties may apply and the rules change. Check with your tax advisor first, then I can show you how lenders document those funds.
        Do you only lend in Durango?
        No. I am based in Durango and licensed to lend on homes anywhere in Colorado, from La Plata County to the Front Range.
        people

        Customer Love

        Peter was so helpful and communicative with our mortgage! We really appreciate all his help and would recommend him to anyone!
        Oona Nelson
        Peter was beyond responsive and thorough helping us finance our first home. 24/7 communication was so comforting. Highly highly recommend.
        Shane Finn
        Peter helped us buy our first house! From knowing nothing about the process, to close. He was informative, helpful, and patient. So glad we chose to work with Peter on our first home.
        Micah Waterhouse
        Animas Mountain Mortgage was amazing to work with. Peter was fantastic throughout the entire process and always had our best interest at heart, not something you will find from a large lender. Animas Mortage knows the uniqueness of Durango and the surrounding areas and guided us every step of the way. Peter found a way to make the numbers work for us and made owning a home in Durango a reality. We couldn't be more thankful for his help and highly recommend Animas Mountain Mortgage! The Moore Family.
        Cindy Moore
        We had a great experience working with Peter! He was helpful, professional, and always willing to answer our questions. He made sure we understood everything and guided us every step of the way. We really appreciate his patience and support throughout the home-buying process. We highly recommend Peter to anyone looking for a knowledgeable and reliable mortgage lender!
        Daniel Medina
        Peter was fantastic to work with and made the home buying process far less stressful than I expected. He was extremely responsive, always took the time to explain things clearly, and kept everything moving forward. As a first-time homebuyer I really appreciated how patient and knowledgeable he was. Highly recommend working with him.
        Wes Weichert
        Our overall experience was incredible. Could not have asked for a better lender (Peter). From start to finish it took 10 days. Thank you!!
        Michelle Blades
        Peter went above and beyond what I thought was gonna happen. In the past it was always so hard to get in touch with the finance people. He was always available no matter week day or weekend and always took the time to explain everything, and being 78 years old that was very much appreciated. I would highly recommend Peter Pritchard for anyone buying a house.
        Deborah Moore
        Peter was the best! Quick and painless.
        Joseph Williams
        Peter was great to work with. He kept things moving and always kept us informed. He worked with our schedule and always made it work. We would definitely work with Peter again!
        Dianne Ray
        I feel incredibly fortunate to have worked with Peter Pritchard at Animas Mountain Mortgage to finance my new home in La Plata County. When I started looking for a new home, I knew very little about the process of taking out a mortgage, but Peter helped me evaluate my options and guided me through the process so that my loan was competitive and right for my financial situation. He's extremely knowledgeable, responsive, and patient, and I highly recommend him as someone you can trust and count on to help you as he helped me!
        Karen Boush
        First rate experience with friendly communication, prompt and accurate responses to questions, and extra mile patience. Greatly appreciate the opportunity to work with Peter and Animas Mountain Mortage!
        Vaughn Johnson
        Peter worked with us every step of the way and was incredibly helpful! Thanks for helping us get a great house!
        Matthew Weideman
        As a realtor, I’ve worked with many lenders, and Peter consistently delivers. He’s responsive, knowledgeable, and truly invested in helping my clients reach their financing goals. Always a smooth process from pre-approval to closing. Highly recommend!
        Emily Grant
        I had a wonderful experience working with Peter at Animas Mortgage. From our very first meeting, he was professional, helpful, and genuinely kind. He kept in touch with me throughout the entire process and made it easy to reach him in multiple ways. Peter’s knowledge and guidance helped me make the best decisions for my situation. I would highly recommend him to anyone looking for a trustworthy and supportive mortgage broker.
        Brigitte Holiday
        We have originated two mortgages with Peter over 25 years. I would recommend his expertise and service over the big box banks. Peter provided great service and information based on our financial circumstances.
        Stephen Powell
        Peter & the team at Animas Mountain Mortgage are fantastic. Super easy to work with, extremely communicative, and very personable. Highly recommend!
        Sean Arocha
        My experience with Peter went very well. He took care of my every need.. His understanding of the mortgage process was second to none. Furthermore, he communicated every single detail with honesty and precision. A true professional.
        Thomas Downing
        Peter Pritchard was a pleasure to work with - extremely professional, prompt, and answered all our questions. Excellent experience working with Peter!!
        Linda Campbell

        Latest From Our Blog

        How the Federal Reserve Affects Mortgage Rates

        The Federal Reserve does not set mortgage rates directly. Here is what Fed decisions really mean for fixed-rate mortgages, HELOCs and adjustable-rate loans.

        READ MORE

        Fed Watch

        So that’s my goal here – to shed some light on what the Federal Reserve is and how it impacts your finances and investments.

        READ MORE

        How to Compare Mortgage Lenders in Durango, CO: 7 Questions to Ask

        Bank, credit union, online lender or local broker? Seven questions to ask any Durango mortgage lender before you commit, from local property know-how to comparing Loan Estimates.

        READ MORE

        HELOC or Second Mortgage in Durango: Use Your Equity and Keep Your Low Rate

        How a HELOC or second mortgage lets Durango-area homeowners borrow against their equity without refinancing the first mortgage, and how to choose.

        READ MORE

        Buying a Second Home in Durango: What to Know Before You Shop

        Thinking about a cabin near Purgatory, a place at Vallecito or a condo in town? Here is how second-home financing works and what to check before you make an offer.

        READ MORE

        Buying a Condo in Durango or Purgatory: How Condo Financing Works

        Condos are some of the most practical homes around Durango: a place in town you can lock and leave, a ski condo near Purgatory, or a first home that costs less than a house on a lot. But condos come with one financing step that single-family homes don’t have. The lender reviews the whole building …

        READ MORE

        Buying a Mountain or Rural Home Near Durango: Wells, Septic, Roads and Insurance

        A lot of the homes people fall in love with around Durango aren’t on a city street. They’re up a county road in the Animas Valley, on a few acres outside Bayfield or Hesperus, or tucked in the trees near Vallecito. These homes finance just fine most of the time, but they come with a …

        READ MORE

        USDA Home Loans Near Durango: Eligibility in Bayfield, Ignacio and Rural La Plata County

        If you’re house hunting around Bayfield, Ignacio or out on one of La Plata County’s rural roads, there’s a loan program you should at least check before you decide how to finance: the USDA Guaranteed home loan. A lot of buyers I talk to assume “USDA” means farms only. It doesn’t. It’s a mainstream home …

        READ MORE

        How to Get Pre-Approved for a Mortgage in Durango: A Step-by-Step Checklist

        What Durango homebuyers need to get pre-approved: documents to gather, the steps, and tips from a local mortgage broker.

        READ MORE

        Reverse Mortgages in Durango and Southwest Colorado: How They Work and Who They Fit

        How a reverse mortgage (HECM) works, what you still pay, how spouses and heirs are protected, and whether it fits your retirement plans. Local help in Durango.

        READ MORE

        Jumbo Loans in Durango: How Financing Works for Higher-Priced Mountain Homes

        Jumbo loans are not one-size-fits-all. Here is what lenders look at, options for self-employed and retired buyers, and when a jumbo is not your best move.

        READ MORE

        VA Home Loans in Durango and La Plata County: A Local Guide for Veterans

        A VA loan is one of the most flexible home loans available, and many veterans do not realize how often it can be used. Here is a plain-English guide for Four Corners veterans.

        READ MORE

        Permanent vs. Temporary buydowns

        Mortgage Buydown Comparison: Which type of buydown is best?

        READ MORE

        Find The Right Home For Your Budget