Let's Talk Mortgages

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Purchase

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

LEARN COST ANALYSIS

    Is this your first home purchase?

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    What is the type of home you are looking for?

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    Do you qualify for a VA loan?

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    Choose how your home will be used

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    Loan Amount Requested

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    Purchase Price

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    What is your credit score?

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    Are you self-employed?

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

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    Property Zip Code

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    What is your first name?

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    What is your last name?

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    Thank you!
    What is your email address?

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    What is your best contact phone number?

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    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 please apply HERE.

    We look forward to the opportunity of earning your business.

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    Refinance

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

    LEARN COST ANALYSIS

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

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      What is the type of home do you currently own?

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      Choose how your home is being used

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      Estimated value of your home

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      Do you have a second mortgage?

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      What is your credit score?

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

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      Property Zip Code

      Next

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      What is your first name?

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      What is your last name?

      Next

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      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 please apply HERE.

      We look forward to the opportunity of earning your business.

      Home
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      Refinance Cash Out

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

      LEARN COST 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 please apply HERE.

        We look forward to the opportunity of earning your business.

        Home

        Financial Security Starts at Home

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

        From initial conversations to closing, we are committed to providing you a painless mortgage experience. We provide local, in-house processing and underwriting on every individual loan 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.

        Our Specialties

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        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.
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        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 you are getting the best rate available.
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        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.
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        Mortgage Resources

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

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        Compare Loans

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

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        Calculators

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

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        Questions & Answers

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

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        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  [email protected].

        Can't afford to put 20% down?
        No problem, there are many programs available today that require less than 5% down payment. Give us a call and we can help find the right path forward for your unique needs.
        Do we offer Custom Loan programs?
        Yes! Our small, local business model allows us access to many different lenders. We will find the best loan scenario for each unique situation.
        Can I use some of my IRA or 401(k) plan for a down payment?
        Yes, but the rules for this type of exchange are always changing. Your best bet is to contact your accountant to review the most current regulations.
        What's the difference between a fixed and an adjustable rate mortgage?
        With a fixed rate mortgage, the interest rate and the amount you pay each month remain the same over the entire mortgage term, traditionally 15, 20 or 30 years. Several variations are available, including five- and seven-year fixed rate loans with balloon payments at the end. With an adjustable rate mortgage (ARM), the interest rate fluctuates per the indexes. Initial interest rates of ARMs are typically offered at a discounted ("teaser") interest rate lower than fixed rate mortgage. Over time, when initial discounts are filtered out, ARM rates will fluctuate as general interest rates go up and down. Different ARMs are tied to different financial indexes, some of which fluctuate up or down more quickly than others. To avoid constant and drastic changes, ARMs typically regulate (cap) how much and how often the interest rate and/or payments can change in a year and over the life of the loan. Several variations are available for adjustable rate mortgages, including hybrids that change from a fixed to an adjustable rate after a period of years.
        What's better, a fixed or an adjustable rate mortgage?
        It depends. Interest rates and mortgage options change often, so your choice of a fixed or adjustable rate mortgage should depend on the interest rates and mortgage options available when you're buying a house, your view of the future (generally, high inflation will mean ARM rates will go up and lower inflation that they will fall), and how willing you are to take a risk. When mortgage rates are low, a fixed rate mortgage is the best bet for most buyers. Over the next five, ten or thirty years, interest rates are more apt to go up than further down. Even if rates could go a little lower in the short run, an ARM's teaser rate will adjust up soon and you won't gain much. In the long run, ARMs are likely to go up, meaning most buyers will be best off to lock in a favorable fixed rate now and not take the risk of much higher rates later. Keep in mind that lenders not only lend money to purchase homes; they also lend money to refinance homes. If you take out a loan now, and several years from now interest rates have dropped, refinancing will probably make sense.
        What is private mortgage insurance (PMI)?
        Private mortgage insurance (PMI) policies are designed to reimburse a mortgage lender up to a certain amount if you default on your loan. Most lenders require PMI on loans where the borrower makes a down payment of less than 20%. Premiums are usually paid monthly or can be financed. Except for some government and older loans, you may be able to drop the mortgage insurance once your equity in the house reaches 22% and you've made timely mortgage payments. The Servicing Lender will have the requirements for canceling the mortgage insurance.
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        Customer Love

        We had a great experience working with Peter at Animas Mountain Mortgage. This was our first time buying a home and he made the process so easy and was there to answer any and all questions along the way. We would gladly recommend him to anyone who is buying a home. Thank you, Peter!
        Jessica Bearden
        We were looking to purchase a house in Colorado and as we were in California, we could not use a broker that we were familiar with. Our broker recommended Animas Mountain Mortgage Inc. and we are so thankful. We fully appreciated the constant communication and the quick response to any questions or issues that came up. We were able to complete the application process remotely through a secure portal. Every step of the process was fast and easy. In fact our Agent said that she is going to recommend Animas Mountain to her clients because of the communication between all the involved parties. We were able to close 2 weeks early because of Peter Pritchard at Animas Mountain Mortgage. I highly recommend Animas Mountain Mortgage!
        Doug McCoun
        Peter was fantastic, he made the process super easy and helped whenever I had Austin's questions
        Kate Kloepfer
        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
        We had the pleasure of working with Peter over the last few months while shopping for a home in Bayfield. We found Peter to be very responsive and professional. Can't recommend him enough. Thanks again Peter! Will & Karla
        SKI
        Peter was very helpful and easy to get in contact with. He helped us a ton in buying our first home!
        Hannah Trullaz
        Peter was great to work with! My wife and I ended up with a great rate, and Peter was always willing to answer our questions.
        James Lonergan
        Calling Peter at Animas Mountain Mortgage was one of the best decisions I made during the process of buying a home in the Durango area. Living out of state, I was a bit nervous about the process, but I was soon at ease with Peter's guidance. He walked us through the entire process, made sure we were staying on top of all the important deadlines, and was always available to answer our questions. His expert knowledge and local experience with realtors, title and insurance companies made the process a breeze; everyone I spoke to knew about Peter and the excellent service he provides at Animas Mountain Mortgage. I would absolutely work with Peter again and would recommend him to my family and friends. Thank you Peter!
        Melanie Powers
        Peter Pritchard was a pleasure to work with - extremely professional, prompt, and answered all our questions. Excellent experience working with Peter!!
        Linda Campbell
        Peter was extremely helpful and provided a lot of timely information. This wasn't our first mortgage experience yet we learned more while going through the process with Peter's guidance. We were more comfortable and confident in our decisions because of his experience and advice. Additionally, he shared tips for us to keep in mind in the future that will both make things easier and save us money.
        Matthew French-Holt
        Peter worked with us to get a mortgage in record time (seriously, less than two weeks) for a purchase we wanted to make that was time sensitive! It was the easiest purchasing process we've ever had with clear directions for what we needed to provide and frequent communication about how things were going. We will never use another mortgage broker.
        Lynn May
        Peter was excellent to work with. As a first time home buyer, I didn't know what I was getting into, especially in this highly competitive market. He provided tons of support along the way, answered never ending questions and was incredibly patient and encouraging after many failed attempts. Couldn't have asked for a better person to rely on.
        Tori Moon

        Good Measure in the News

        FedWatch Update: Navigating the Federal Reserve’s Monetary Policy

        The Fed’s campaign of interest rate hikes spanned over 18 months, representing a significant intervention in the central bank’s history. These measures have transitioned the Fed into a phase of observation, as it awaits indications of declining inflation rates towards its 2% target, as measured by the Personal Consumption Expenditure (PCE) index, a preferred inflation gauge.

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        When should you Refinance?

        When should I refinance?

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        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.

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        Mortgage Buydown Comparison: Which type of buydown is best?

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        Find The Right Home For Your Budget