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If you feel like homes are getting more expensive in Central Colorado, you’re not the only one.

According to the Denver Post, the high end of the local real estate market is booming. 876 properties sold for at least $2 million in 2022, representing a 700% increase since 2013. During the same period of time, the average home price in the region has more than doubled, approaching $700,000.

And despite stubbornly high mortgage rates, the trend shows no signs of reversing. Call it a new normal: what used to be well and truly “luxury” real estate is now mass-market.

Of course, thanks to Central Colorado’s ongoing economic boom, many homebuyers can afford to pay top dollar for high-quality homes here. Colorado’s tech industry accounts for more than 15% of its total economic output, replacing agriculture and natural resources as the dominant business in the most heavily populated parts of the state.

Tens, maybe hundreds of thousands of Coloradans have substantial pre-IPO equity and restricted stock units (RSUs), among other nontraditional assets. Many are looking to leverage them to land their dream home. That’s why Boulder, arguably the United States’ biggest non-coastal tech hub, hosts one of the state’s hottest real estate markets.

“Boulder used to be a bargain compared to California — we’ve now caught up,” says John Hoeffler of WK Real Estate.

Many mortgage companies aren’t set up to serve buyers ready to move up into places like Boulder’s lofty real estate scene. That’s creating an opening for new players in the market — mortgage companies that know Central Colorado and the needs of high-end real estate buyers. They’re looking to inject new competition into the Central Colorado mortgage market and improve the homebuying experience for buyers, sellers, and agents alike.

The Multiply Mortgage Difference

One of those new players in the Boulder and Denver area is Multiply Mortgage. Here’s what they do differently for homebuyers and why they’re worth looking into if you’re in the market for a higher-end home in one of Colorado’s most sought-after metro areas.

Close Coordination With Local Real Estate Agents

As any seasoned real estate agent knows, some mortgage companies are a dream to work with, and others are a nightmare.

Multiply Mortgage strives to be nothing but a dream for the agents representing its buyers. It does this in three ways:

• Local market knowledge: Because Multiply Mortgage is hyper-focused on the Central Colorado real estate market — more on that below — it works hand-in-glove with agents. Buyer representatives don’t have to worry about Multiply Mortgage’s team members slowing down the process due to fundamental misunderstandings about how the homebuying process works here.
• Loan Officers available 24/7: Sometimes, it can’t wait until the next business day, which is fine. Multiply Mortgage offers live human support around the clock.
• On-time closing: Multiply Mortgage takes its responsibility seriously. Its team does everything possible to close on time, no matter what surprises come up.

A Full Menu of Mortgage Loan Options

“High-end” doesn’t mean “niche.” Multiply Mortgage knows buyers at the upper end of Central Colorado’s housing market need a full menu of financing solutions, including some less common options. That’s why it offers a lineup of fixed and adjustable-rate mortgages with a range of term lengths and rate adjustment schedules.

Multiply Mortgage doesn’t stop there. Its seasoned team of mortgage experts provides personalized support for buyers as they evaluate their options, helping them find the most competitive rates for each choice and narrowing down the one that best fits their needs.

Consideration of Buyers’ Unique Assets

Multiply Mortgage knows that no two buyers are alike. Especially not in Central Colorado, where many homebuyers have less common assets and obligations, such as pre-IPO stock options and RSUs.

Multiply Mortgage works closely with individual buyers to evaluate forms of equity that other mortgage companies might discount or disregard altogether. This process looks different for every buyer, which is why Multiply Mortgage commits to truly personalized service from start to finish. The end goal is clear: Devising the optimal financing package for each buyer’s needs.

A Commitment to Personalized Service and Close Working Relationships

Most mortgage companies claim to offer personalized service. However, few can go to the lengths that Multiply Mortgage does. From the day its mortgage experts onboard a prospective buyer to the moment the seller hands over the keys, Multiply Mortgage is at its buyers’ disposal.

The company calls this “reliable, white-glove service from local experts.” In plain English, that means Multiply Mortgage goes above and beyond the call of duty to ensure each client has what they need for a successful homebuying experience.

Creative Solutions for Buyers With Complicated Financial Situations

It’s not just startup equity and RSUs. Unlike cookie-cutter mortgage companies that try to fit every borrower into one of a few broad, unrepresentative boxes, Multiply Mortgage takes the time to understand the nitty-gritty details of its clients’ financial situations and craft solutions that actually make sense for them.

This makes all the difference in Central Colorado’s competitive luxury real estate market, where limited inventory and red-hot buyer interest means strong financing is a must. Without the internal expertise and flexibility to address complicated or nontraditional financial situations, mortgage companies struggle to serve the growing pool of buyers for homes worth more than $750,000 here.

Hyper-Competitive Interest Rates

Mortgage rates are rising nationwide, but that hasn’t dampened the enthusiasm for luxury homes in Central Colorado. Here’s the thing: many potential buyers here have a secret weapon – a wealth of non-traditional assets like stock options and restricted stock units (RSUs). Traditional lenders often struggle to factor these assets into their calculations, leaving mountains of untapped buying power on the table.

That’s where Multiply Mortgage steps in. By accurately valuing these alternative assets, Multiply can unlock better interest rates for borrowers – rates that can translate to significant savings on monthly payments. Imagine the peace of mind that comes with knowing you’re getting the most competitive rate possible, even in a market with rising rates.

A New Approach to Homebuying

Multiply Mortgage follows the same rules as every other mortgage company in Central Colorado. But, like the 2023 Denver Nuggets, it plays at a higher level.

If you’re looking to relocate to the Denver or Boulder area, consider visiting one of Multiply Mortgage’s brick-and-mortar locations that are opening this summer. Their approach makes all the difference for the growing group of clients trusting them to craft creative financing solutions for high-end Central Colorado real estate. As its share of the local market grows, Multiply Mortgage could also help raise the bar for the competition.