Compare Mortgage Lenders in Durango, CO
Why compare Durango mortgage lenders through one local lender?
Comparing mortgage lenders in Durango, CO? I’m Peter Pritchard, owner of Animas Mountain Mortgage. Instead of applying with one lender at a time, you work with one local lender who compares multiple mortgage lenders for you. I’ve lived in Durango for more than 29 years and have spent 28 years helping families across La Plata County and the Four Corners buy, build and refinance their homes. My office is right downtown at 1099 Main Avenue.
Big banks and online lenders can only offer their own loans. Like a broker, I shop multiple lenders to find the right fit for you, then handle your loan locally from application to closing.
- More options: conventional, FHA, VA, USDA, jumbo, and loans for self-employed borrowers
- Local knowledge: condos, HOAs, wells and septic, rural roads and mountain properties
- Fast, reliable closings that realtors and sellers trust
- Real communication: you work directly with me, and you can call or text me anytime
Visit my Durango office
You’ll find me downtown in the Crossroads building (the clock tower) at Main Avenue and 11th Street, 1099 Main Ave, Suite 305, Durango, CO 81301, above Alpine Bank. Office hours are Monday through Friday, 9 to 5.
Areas I serve
Durango, Bayfield, Ignacio, Hesperus, Purgatory and the Animas Valley, Vallecito, Pagosa Springs, Cortez, Mancos, Dolores and everywhere in between across Southwest Colorado. Buying elsewhere in the state? See areas I serve across Colorado.
How the process works
- A free, no-obligation conversation about your goals, with no credit pull to start
- Pre-approval, so you can make offers with confidence
- I shop lenders and walk you through your options side by side
- Local processing and updates at every step through closing
Home loans I help Durango buyers with
- FHA loans for first-time buyers and flexible credit
- USDA loans, available in many rural areas of La Plata County (see USDA eligibility in Bayfield, Ignacio and rural La Plata County)
- VA loans for veterans and service members (see my local VA guide)
- Jumbo loans for higher-priced homes (see how jumbo financing works)
- Second homes and vacation properties (see buying a second home in Durango)
- Reverse mortgages (HECM) for homeowners 62 and older (see reverse mortgages in Durango)
- Investment property loans for 1-4 unit rentals
- Refinancing, including cash-out and rate-and-term
- Fixed-rate and adjustable-rate options
- HELOCs and second mortgages to use your equity without refinancing your first mortgage
What clients say
- “From start to finish it took 10 days.” — Michelle B.
- “As a first-time homebuyer I really appreciated how patient and knowledgeable he was.” — Wes W.
- “He was always available no matter week day or weekend and always took the time to explain everything.” — Deborah M.
- “He’s extremely knowledgeable, responsive, and patient.” — Karen B.
- “As a realtor, I’ve worked with many lenders, and Peter consistently delivers.” — Emily G.
Read more on my testimonials page or on Google, where clients have left dozens of five-star reviews.
Frequently asked questions
Do you only lend in Durango? I am licensed throughout Colorado, but most of my clients are in La Plata County and the Four Corners, where local knowledge makes the biggest difference.
What is the difference between a mortgage broker and a bank? A bank offers its own loan programs. A broker compares programs from multiple lenders. I can fund your loan in the name of Animas Mountain Mortgage or shop more than 200 wholesale lenders, then focus on the few that fit your situation best.
How long does it take to close? It depends on the loan, the property and the purchase contract. I will give you a realistic timeline up front and keep you and your realtor updated at every step.
How do I choose a mortgage lender in Durango? Compare the whole Loan Estimate, not just the rate: lender fees, points and closing costs together, plus how quickly the lender answers and whether they can close on time with mountain and rural properties. I’ll put the options side by side and explain the trade-offs honestly.
Is a broker or a bank better for Durango home loans? A bank is a fit if its own program already suits you. A broker lets you see programs from multiple lenders at once, so you don’t have to apply in several places. Either way, with me your loan is handled locally from application to closing.
Can you finance condos, cabins and rural homes around Durango? Yes. Wells and septic, private road access, HOA and condo reviews, short-term rental rules and appraisals with few nearby sales all come up here, and I flag them at pre-approval instead of two weeks before closing. More detail in my guides to financing a condo in Durango or Purgatory, buying a mountain or rural home, and what to know about buying a second home in Durango.
What do I need to get pre-approved? Usually recent pay stubs, W-2s or tax returns, two months of bank statements and a photo ID. Self-employed borrowers typically need two years of tax returns. I’ll give you a short list that fits your situation. Here is my step-by-step pre-approval checklist.
How do I get started? Call me at 970-828-1610, send a message, or start your application online.
Have questions about your own situation? Call me at 970-828-1610 or book a time to talk. There is never any cost or obligation.