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Welcome to Speak Straight Mortgage: Your Trusted Colorado Mortgage Broker Keeping It Real

At Speak Straight Mortgage, we pride ourselves on transparency and integrity as your trusted local Colorado Mortgage Broker.

Our mission, as a Colorado mortgage broker, is to tell the truth and treat you as we would want to be treated, ensuring a smooth and stress-free mortgage experience. We provide clear comparisons of fees, rates, costs, and expertise against other companies, empowering you to make informed decisions.

Whether you’re a first-time homebuyer or looking to refinance, our experienced team offers personalized guidance and competitive rates. Choose Speak Straight Mortgage for honesty, transparency, and your financial well-being. Contact us today to start your journey towards homeownership or refinancing with confidence.

Market Update 02/03/2025

📊 Market Report Comparison: 1/27/2025 vs. 2/3/2025 📈

🔑 Speak Straight Mortgage – Matthew Wentz
📋 NMLS #1852397

💡 Reminder: All programs (except CHFA Down Payment Assistance) come with 0 lender fees!


🏡 Purchase Loans

FHA $400,000 purchase price, 3.5% down, 660+ credit score:
✅ Rate: 6.13% (unchanged)
📉 Points: Decreased from 0.60 → 0.42
📉 APR: Decreased from 6.88% → 6.86%
💸 P&I Payment: Remains $2,547

VA $400,000 purchase price, 0% down (first use), 660+ credit score:
✅ Rate: 6.13% (unchanged)
📉 Points: Decreased from 0.80 → 0.67
📉 APR: Decreased from 6.43% → 6.42%
💸 P&I Payment: Remains $2,483

Conventional $400,000 purchase price, 25% down, 780+ credit score:
📉 Rate: Decreased from 6.88% → 6.50%
📈 Points: Increased from 0.42 → 0.70
📉 APR: Decreased from 6.94% → 6.59%
📉 P&I Payment: Decreased from $1,971 → $1,896


💰 Refinance Loans

FHA Streamline $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.88% (unchanged)
📉 Points: Decreased from 1.14 → 1.04
📉 APR: Decreased from 6.75% → 6.74%
💸 P&I Payment: Remains $2,591

VA IRRL $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.63% (unchanged)
📉 Points: Decreased slightly from 1.70 → 1.686
✅ APR: 5.85% (unchanged)
💸 P&I Payment: Remains $2,303

Conventional Refi $400,000 loan amount, 80% LTV, 780+ credit score:
✅ Rate: 6.50% (unchanged)
📉 Points: Decreased from 1.20 → 0.60
📉 APR: Decreased from 6.64% → 6.58%
💸 P&I Payment: Remains $2,528


💸 Down Payment Assistance (FHA $400,000 purchase price, 3.5% down, 660+ credit score)

Smart Step 4% Silent Second FHA:
📉 Rate: Decreased from 7.00% → 6.875%
📉 APR: Decreased from 7.92% → 7.79%
📉 P&I Payment: Decreased from $2,790 → $2,757

Smart Step 3% Grant FHA:
📉 Rate: Decreased from 7.50% → 7.375%
📉 APR: Decreased from 8.42% → 8.29%
📉 P&I Payment: Decreased from $2,923 → $2,890

First Step / First Generation FHA:
📉 Rate: Decreased from 6.75% → 6.625%
📉 APR: Decreased from 7.65% → 7.52%
📉 P&I Payment: Decreased from $2,823 → $2,789

3.5% Grant:
✅ Rate: 7.25% (unchanged)
✅ APR: 8.24% (unchanged)
💸 P&I Payment: Remains $2,856


📝 Summary:
✅ Purchase Loans: FHA and VA rates remained steady while points decreased slightly. Conventional rates saw a significant drop, improving affordability despite slightly higher points.
✅ Refinance Loans: Points decreased across FHA, VA, and Conventional refinances, improving APRs slightly. Rates remained stable.
📈 Down Payment Assistance: Most rates decreased slightly, with minor improvements in APR and payments.

📩 Questions? Reach out anytime for personalized advice!

Diverse happy family standing in front of their new modern home with keys in hand, representing the core values of transparency, trust, and education
$0 in lender fees on 95% of our loan programs
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