Pink Home Loans is a boutique mortgage brokerage lending throughout Colorado, Montana, Oklahoma and Wyoming. With 20 years in the lending business, Pink Home Loans has the knowledge and expertise to help you thru all lending activities whether upgrading, down-grading, looking for the perfect second home getaway or working on building your real estate portfolio, we are here to help.
Pink Home Loans is passionate about working with veterans and women who are navigating the home loan process for the first time, upgrading or down sizing and those looking to start a real estate investing journey.
Before you start looking for your perfect home, we can help with a mortgage prequalification.
Pink Home Loans can help you get pre-qualified and, on your way, to home ownership! Simply fill out our mortgage pre-qualification form securely on our website. With a pre-qualification letter in hand, you know that you will get approved for a mortgage before you even look at your first potential new home.Some Realtors require buyers to get pre-qualified before even starting to house hunt. A simple mortgage prequalification letter can help you narrow your search to find exactly the home you need and can afford. It also makes the mortgage application process that much smoother.
Determine how your credit looks.
Lenders will look at your payment history, income, and current debts to determine how likely you are to pay your loan each month. The number value assigned to your "reliability" is known as your credit score and is one of the biggest factors in getting approved for a mortgage. If you have a credit score below 640 consider delving deeper into your report to see what might be dropping your score and ensure it is reporting accurately
There are websites that allow you to quickly check your credit and credit score for free. Two of the favorites are:
For renovating vacant buildings or significant improvements.
Quick closings in 21 days or less.
3. Asset-Based Commercial Loan:
Capital ranging from $3M to $75M.
No FICO Score or Personal Income documentation is required.
Up to 65% Loan to Value.
4. CMBS / PERM Debt:
Assistance with Agency, HUD, or CMBS loans.
Competitive, flexible terms.
5. ALT-A Small Balance Commercial:
Loan amounts from 100K to 2.0 Mil.
80% Purchase / 75% Refi.
6. Commercial Bridge Loans:
Loan amounts range from $1.0M to $10M.
Close within 21 days.
Up to 65% Loan to Cost and After Completed Value.
7. Commercial Construction Loans:
Loans up to 70% Loan to Cost.
Terms of up to 5 years.
We have several lenders that offer home equity lines of credit and home equity fixed loans for investment properties.
1. Residential Ground-Up Construction Loans:
These loans are perfect for investment home construction projects.
Loan-to-cost ratio of up to 80%.
Up to 70% of the after-constructed value.
Quick closings in as little as 10 days.
2. Residential Bridge Loans:
Suitable for deals requiring rapid closings.
Loan amounts range from $100K to $3.0M.
Up to 70% Loan to Value.
Funded in as little as 3 days.
3. DSCR Loans:
For investors seeking permanent, long-term debt.
No personal income documentation is required.
Can finance vacant properties listed for rent.
Fast closings in as little as 14 days.
4. Fix and Flip or Rent Loans:
Versatile for various property improvements.
Efficient funding with closing in 10 days or less.
5. Portfolio Loans:
Ideal for acquiring multiple investment properties.
Significant interest and closing cost savings.
Closings in as little as 21 days.
6. Condo Conversion Loans:
Facilitates condo conversion projects.
Smooth financing process.
7. Subdivision Development Loans:
Specialized in Subdivision Loans.
Generous loan-to-cost guidelines.
Rapid closing timeframe of 21 days or less.
8. Planned Unit Development Loans:
Ideal for developers of condos and townhomes.
Loan-to-cost ratio of up to 80%.
Mortgage Advisor/ Broker Owner
I am a seasoned professional with two decades of experience in the mortgage industry. My career has encompassed every aspect of mortgage origination and operations. I am naturally inclined towards maintaining order and organization, and I thrive on implementing efficient systems that provide transparency and convenience for our clients, eliminating the typical hassles associated with mortgages, such as repetitive document uploads.
Recognizing the importance of our clients' time, I am deeply committed to safeguarding our operational and systematic approach throughout the entire mortgage process. My passion lies in serving others and harnessing my unique problem-solving and coordination skills to craft tailored solutions that align perfectly with our client's objectives. I relish challenges and am prepared to put in the extra effort to outperform and ensure our clients' dreams become a reality.
Hello! I'm Michelle Killmon. I have lived in Colorado for the past 8 years and I have enjoyed every minute. I love being outdoors and Colorado provides so many things to do! My favorite activities are hiking, staying in a cabin, traveling to new places and reading historical fiction books. I have two boys and two dogs. I guess I like even numbers.
You will catch me around non-profit organizations since I love to volunteer and help the community. I have a passion for education and incorporate that into my job every day. I look forward to getting to know you, too!
We Pass This Charge Off To You So Our Rates Remain Low!
In 2023, the credit bureaus increased their costs for a tri-merged credit report. The reports for a joint borrower used to be between $30-$40. After the increase, companies are charging between $65-$125 per report.
Anytime an increase like this occurs, businesses are faced with two options; increase their rates to account for the increase or pass the cost on to their customers. We hate both of those options, but the second one is clearly the best.
We don’t feel it’s fair for our clients to have to pay higher rates and fees to help cover the costs of those who apply for a mortgage and then disappear or don’t qualify.
So by passing the cost off to you, you are only paying for your portion while still receiving the lower rates we are known for.
How Much Does The Credit Report Fee Cost
Generally, the credit report fee is $65.90 - $85 for a joint report.
Pro’s of Paying Your Credit Report Fee Upfront
Our rates are lower, which means you will save $50 or more PER MONTH on your mortgage compared to our competitors.
Our upfront fees (closing costs) are often thousands of dollars less than our competitors.
We can shop dozens of lenders for you who provide wholesale rates that are much lower than traditional mortgage lenders.
So to recap, you are going to save money each month and upfront on your closing costs, and we will help you eliminate one of the most stressful parts of applying for a mortgage: shopping around for the right lender.
Con’s of Paying Your Credit Report Fee Upfront
You have to pay less than $100 upfront to have your credit pulled.
When Will I Have To Pay The Credit Report Fee
We collect the credit report fee at the time we pull your credit report. This typically happens once you have completed your online application and uploaded your documents.
We will call to collect your information over the phone, or we can send you a secure link to provide us with those details; however, for security purposes, we really prefer to do them over the phone.
Do You Make Money Off The Credit Report Fee?
No. When we get your card information, it is billed directly to the credit provider. Lending laws do not allow any mortgage company to collect any fee other than the credit report fee before a loan estimate is provided. We also cannot and would not profit off of this fee.