Population
5,839,926
Average Household Income
$107,446
Bill Teears
New Construction Sales Manager
Danvers, MA
Licensed in FL, AL & CO
NMLS #2088252
Trusted Mortgage Lender in Colorado
Customized home loans tailored for Colorado buyers, with local service and national strength.
Clarity at Every Elevation
From first condos to mountain retreats, we pair fast approvals with transparent guidance. Vision: Colorado’s most trusted, tech-forward lender with hometown service. Mission: remove friction, communicate clearly, and tailor programs to your goals (DPA, bridge, specialty). Culture: family-founded, growth-minded, and obsessed with doing what’s right—every loan, every time.
Danvers Branch
Reading Branch
North Andover Branch
Winthrop Branch
Milton Branch
Colorado at a Glance
Colorado Mortgage & Housing Market Insights
Median Household Income
According to the U.S. Census Bureau, Colorado's median household income is $92,911 as of 2023. Don't let that deter you from exploring financing options. We offer several programs designed to help you save and make homeownership more accessible.
Median Home Price
The most recent reports estimate that the average home value in Colorado is $561,462, reflecting a 0.5% decrease over the past year. Keep in touch to learn how we can help you find an affordable home.
Affordability Index
Colorado's housing affordability has been declining, with the Housing Competitiveness Index dropping from 61 in 2011 to 56 in 2023. This indicates that housing affordability is a significant challenge in the state, but we're here to help navigate these challenges.
Mortgage Options for Colorado Homebuyers
Conventional Loans
Best for people with steady income and good credit who want low-interest rates.
VA Loans
A top choice for veterans, active military, and their families to buy a home with no down payment.
USDA Loans
Best for people buying a home in the country, with no down payment and low costs.
Reverse Mortgages
A good choice for older homeowners who want to get money from their home without selling it.
Non-Conventional Loans
A good option for people who don’t qualify for regular home loans but need a special loan.
HELOC Loans
Lets homeowners use the value of their home to get money for projects or bills.
FHA Loans
A smart pick for first-time homebuyers or people with lower credit who need a small down payment.
Mortgage Pricing & Affordability Calculators
Crunch some numbers to see what options you may have. These calculators are a great way to start exploring your possibilities. To get a true loan estimate, reach out to one of our mortgage loan officers! We will get you pre-approved and shopping with confidence.
Five Things to Know When Starting the Homebuying Process
Just getting started on your homebuying journey? Our free guide, 5 Things to Know When Starting the Homebuying Process, is packed with expert tips to help you feel confident and prepared from day one. Learn how to get pre-approved, understand hidden costs, act fast in competitive markets, and more. Download your copy today and take the first step toward smart, stress-free homeownership with NewFed Mortgage by your side.
Why More Colorado Buyers Choose NewFed Mortgage
- Fast closings (39% faster than industry average)
- Local loan officers
- Modern (and mobile-friendly) tech + personal support
- 20+ years of local mortgage lending
