A five-member panel of local mortgage brokers and mortage lenders provided insight on the ins and outs of borrowing funds to purchase a home in today's economic climate and under new federal laws. The five members of the panel were: Peter Smith, Alpine Bank; Lynne Billac, Community Banks of Colorado; Carolyn Meadowcroft, Vectra Bank; Jody Cooper, Wells Fargo Aspen; and Michael Picore, WJ Bradley Mortgage Capital Corp. Councilman Adam Frisch asked questions of the panel relating to documentation required to obtain a loan, debt to income ratio, credit scores needed, types of loans available for deed-restricted property; and other pertinent questions relating to borrowing funds to purchase or refinance a home.

Definitions (PDF)

Mortgage Rules are Changing (PDF)

CHFA Loans (PDF)

Ineligible Condo Project Characteristics (PDF)

Condo Questionnaire (PDF)