Cherry Creek Mortgage Mortgage Review 2020
By Erik J. Martin
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Bankrate’s editorial team researches, reviews and rates lenders to help you find one that fits your needs. Our experts consider a range of factors, including rates, loan types, time to close, fees and more. Reviews are updated regularly. Bankrate is an independent, advertising-supported comparison service. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
Bankrate Score
3.3
4.9
Please note: In response to the coronavirus pandemic, lenders are changing their requirements continuously. Although we strive for accuracy at the time of publication, please be sure to check with the lender for updated details on down payments, credit scores, etc.
Cherry Creek Mortgage is an online and brick-and-mortar lender that offers loans in 33 states. It has originated $60 billion in home loans for Americans over the past 33 years. Established in 1987 as a three-person single office, Cherry Creek Mortgage today is headquartered in Greenwood Village, Colorado, and has more than 800 employees, most of whom have been with the company at least 10 years. “We’ve helped over 254,000 families finance a home, and someday we want to help at least one out of every 100 homebuyers,” said David Arnett, vice president of marketing and communications.Nationwide availability
Available in 33 U.S. states; not available in Delaware, Georgia, Hawaii, Kentucky, Maine, Massachusetts, Mississippi, Missouri, New Hampshire, New York, North Carolina, North Dakota, Rhode Island, Vermont, Virginia and West Virginia
Minimum credit score
Minimum credit needed varies based on the loan and borrower.
Loan types
Conventional fixed-rate and adjustable-rate (ARM), FHA, VA, USDA, home renovation, reverse mortgage/HECM; refinancing options include rate-and-term refinancing and cash-out refinancing
Pros
- Provides a wide variety of loan options
- Offers first-time homebuyer programs and, when available, down payment assistance
- Pay your mortgage online through a secure, simple portal
- Website provides resources and educational articles
Cons
- Doesn’t offer home equity lines of credit (HELOCs)
- Temporarily doesn’t offer jumbo loans
- Not available in 17 states
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Cherry Creek Mortgage overview
Loan types
- Conventional fixed-rate and adjustable-rate (ARM)
- FHA
- VA
- USDA
- Home renovation
- Reverse mortgage/HECM
- Refinancing including rate-and-term refinancing and cash-out refinancing
Lender fees
Lender fees vary by state and branch location.
Minimum borrower requirements
Cherry Creek Mortgage adheres to the conforming loan requirements and underwriting guidelines for mortgages approved by GSEs Fannie Mae, and Freddie Mac, as well as those backed by the FHA, USDA and VA. Requirements will vary based on the loan and borrower.
Get started with Cherry Creek Mortgage
Borrowers can apply in person, online or by phone. If you apply online, a representative will contact you.Hours
Cherry Creek Mortgage consumer rating and reviews
99% recommended
Customer Service Rating