Business Details
8 Years
experience
Trusted Low-Cost Mortgage Lending in Colorado Springs
Low Cost Mortgage was founded in 2018 with a clear mission: to revolutionize the mortgage industry by offering budget-friendly financing solutions without compromising speed or quality. Our approach leverages cutting-edge technology, industry relationships, and a dedicated team to deliver cost-effective services. We specialize in VA loans, refinancing, and conventional mortgages, serving clients in eight U.S. states. With a focus on transparency and customer-centric practices, we prioritize saving clients money while maintaining compliance and ethical standards. Our owner, Michael Floren, brings decades of real-estate experience, including construction, sales, and lending.Recognized as a top veteran originator and high-volume lender, we combine expertise with personalized service. Our commitment to veterans and active-duty personnel is evident through competitive rates and zero origination fees. We operate with full transparency, providing live interest rate tools and clear communication throughout the lending process. Our track record of awards and client testimonials underscores our dedication to excellence. We continuously strive to improve industry standards through innovation and accountability.
Services
VA Loans
Refinancing
Cash-Out Refinance
Conventional Mortgages
Home Purchase Loans
Details
- Year established: 2018
Highlights and features
- We offer VA loans with zero origination fees and competitive rates.
- Our team has decades of combined real-estate and mortgage experience.
- We provide live interest rate tools for transparent, real-time pricing.
- Recognized as top veteran originators by Scotsman Guide in 2025.
- We specialize in quick closings with minimal documentation requirements.
Associations and certifications
- NMLS
What people say
Amazing through the entire process
Easiest closing I've ever had
Beat the competition by a full percentage point
Dedicated to service members
Quick and responsive
Services
VA Home Purchase
We specialize in VA home purchase loans with zero down payment requirements. Our 30-year fixed-rate options include competitive APRs starting at 5.27%, with no origination fees. Veterans benefit from $0 funding fees when applicable, and we streamline the process for fast approvals.
VA Refinance IRRRL
Our VA Interest Rate Reduction Refinance Loan (IRRRL) lowers monthly payments with minimal documentation. Rates start at 5.26% APR for 30-year terms. Eligible borrowers refinance existing VA loans after 211 days with improved terms and no cash-out options.
VA Cash-Out Refinance
Access home equity with VA cash-out refinancing at 5.27% APR. Borrow up to 90% LTV for debt consolidation or home improvements. No origination fees and streamlined processing for qualified veterans needing liquidity.
People
Michael Floren
Owner
USMC veteran with 25+ years in real estate and mortgage lending. Recognized as 2025 Top Veteran Originator by Scotsman Guide. Focuses on saving borrowers money through low-cost solutions.
Questions
What mortgage services do you offer?
We provide VA loans, conventional mortgages, and refinancing options including cash-out and rate-and-term refinances.
How can I check my eligibility?
Apply online or call us at 719-362-0439 to discuss your income, credit, and property details with our team.
Do you offer zero-down payment loans?
Yes, VA loans require $0 down payment with competitive rates and no origination fees for qualified veterans.
How do I opt out of pre-screened offers?
Visit optoutprescreen.com before applying to stop mortgage companies from contacting you after credit checks.
What states do you operate in?
We serve clients in Colorado, Florida, Idaho, North Carolina, Tennessee, Texas, Washington, and Wyoming.
