About Us
Elite Group
Mortgage
Elite Group Mortgage offers home purchase and refinances loans. Headquartered in Grand Junction, Colorado. Elite Group Mortgage is dedicated to helping you achieve your home financing goals. Equal Housing Opportunity.
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Our Services
Elite Group Mortgage is a full-service mortgage banker controlling every aspect of the loan process with in-house processing, underwriting, closing, and funding each mortgage transaction. Having an in-house team separates Elite Group Mortgage from other mortgage companies because it is easier for Elite Group Mortgage Lenders to communicate quickly and effectively with every department needed to close a transaction.
Elite Group Mortgage offers a variety of home mortgage solutions, including:
- Conventional
- FHA
- USDA
- VA
- Jumbo
- Reverse
- 203K
- HOMESTAR Cash Advantage program
- Refinance
- HOMESTAR RefiNow™ program
- NATURALiving Home Mortgage program
At Elite Group Mortgage, we listen to your needs, which enables us to provide the best mortgage program option available to fit your lifestyle.
Purchasing a home is one of the most significant investments of your life. Elite Group Mortgage is here to guide you through each step of the mortgage process, ensuring your arrival at “the easiest way home.”
FAQ’s
What is Private Mortgage Insurance (PMI)?
Private mortgage insurance is required on conventional loans and may allow you to purchase a home for as little as 5% down. This coverage requires a monthly insurance fee to be paid. PMI is only required if your loan-to-value is 80% and above.
What are closing costs?
Closing costs are those costs that include the loan origination fee, discount points, appraisal costs, and any other charges associated with the legal transfer of property. Typically, these costs will range between 2% and 3% of the mortgage amount.
What are my origination and discount points?
These are percentages of the loan amount that you and your loan officer discuss regarding your rate and total cost of originating your mortgage loan.
What does it mean to lock my interest rate, and when do I lock?
It means that a commitment has been made between my company and the investor on your behalf regarding the interest rate in your mortgage loan. Your loan officer watches the market on a daily basis to make sure that when we lock your interest rate, it is in the best interest for you and your loan.
Let’s find your dream home. Together
Elite Group Mortgage offers home purchase and refinances loans. We are headquartered in Grand Junction, Colorado. Elite Group Mortgage is dedicated to helping you achieve your home financing goals. Equal Housing Opportunity.
