Mortgage Loan Originator
Chris Cullen
NMLS# 1424894 |
About Chris
Chris started working in the mortgage industry in 1993 and obtained his Realtor® license in 1995. Over the years, he's alternated between both the mortgage and real estate industries. In October 2015, he decided to focus on residential home loans and joined the Elevations Home Lending Team. He offers both home purchases and refinances with FHA, VA, conventional, jumbo and portfolio loans.
Chris enjoys walking Elevations members through the home loan application and answer questions about the entire purchasing process, from what to expect during home inspections to understanding points, fees, and credits on a loan. When he's not getting creative with home loans for Elevations members, Chris spends time with his teenage daughter and maps out trips to visit his family in Florida, Seattle, and Maui.
He also has many hobbies, including motorcycles, two beehives, a handful of pet chickens and a pair of goats on his acreage about 20 minutes north of Boulder. Chris is an avid musician who plays guitar and sings with a local Americana band.
2022 Scotsman Award
Top Originator Award
For the last 12 years, Scotsman Guide has ranked thousands of the nation’s top-producing residential mortgage originators. The longevity, verification process and comprehensive scope of this list have positioned it as a benchmark for the mortgage industry. Received Following Awards:
Top Dollar Volume
Most Loans Closed
Certifications
The below certifications are a sign that we are committed to providing high-quality and knowledgeable service regarding FHA and VA to our members:
Certified FHA Mortgage Professional (CFMP)
Interested in learning more about an Elevations mortgage? Request a personalized loan proposal.
Need down payment assistance? Down Payment Resource* can connect you with programs that can assist with down payments and closing costs.
"Our mortgage banker Chris Cullen was incredibly helpful and attentive throughout the entire process." -Rebecca Mathews
Find out what your home is worth.
Why Elevations Mortgage Lending?
Top three reasons Colorado Borrowers choose Elevations Credit Union.
Easy and Seamless Process
Wide Range of Options and Products to choose from
Competitive Rates and Fees that allow us to give back to both you and the community
Why Elevations Mortgage Lending?
Top three reasons Colorado Realtors refer Elevations Credit Union:
Smooth, on-time Closings with no Surprises – We provide a consistent experience throughout the entire loan process
Excellent, Local Customer Service
Strong Reputation amongst the Real Estate Community
Why Elevations Mortgage Lending?
Top three reasons Colorado Listing Agents accept our offers:
Personal Relationships within the Real Estate Community
Quick turn times that allow us to compete with cash competitive offers
We provide local appraisers who are familiar with the area
Let's talk mortgage loans:
These mortgage loans have a rate and monthly payment that stay the same throughout the lifetime of the loan. We offer fixed rate mortgages with 10, 15, 20 or 30 year terms. Consider this type of loan if:
You want consistent payments year after year
You are planning to stay in the home for a long period of time
You anticipate interest rates will rise
This mortgage loan closes in as quickly as 15 business days, whether it's a new purchase or financing your existing mortgage loan. No appraisal is needed with this product. Consider this type of loan if:
You want a no closing cost option
You are looking to close quickly on the property
Loan amounts up to $250,000
ARMs allow you to start with a lower rate than fixed-rate loans, but the rate can adjust up or down periodically. Elevations' ARMs start with an introductory term of 3, 5, 7 or 10 years. Consider this type of loan if:
You desire greater cash flow management options
You are planning to stay in the home for a short period of time
You expect your earnings to increase
You anticipate that interest rates will drop
You are confident you can handle higher payments if the rate increases
3 and 5 year ARMs
Maximum of 2% initial rate change after introductory term
Maximum of 1% rate change every 6 months
Maximum of 5% total rate change over the life of the loan
7 and 10 year ARMs
Maximum of 5% initial rate change after introductory term
Maximum of 1% rate change every 6 months
Maximum of 5% total rate change over the life of the loan
Elevations Interest Only ARM is an adjustable-rate mortgage that applies initial payments to the interest only for the first several years of the loan. Elevations' Interest Only loans start with an introductory term of 5, 7 or 10 years. Consider this type of loan if:
You desire greater cash flow management options
You are planning to stay in the home for a short period of time
You expect your earnings to increase
You anticipate that interest rates will drop
You are confident you can handle higher payments if the rate increases
5 Year Interest Only ARM
Maximum of 2% initial rate change after introductory term
Maximum of 1% rate change every six months
Maximum of 5% total rate change over the life of the loan
7 & 10 Year Interest Only ARMs
Maximum of 5% initial rate change after introductory term
Maximum of 1% rate change every six months
Maximum of 5% total rate change over the life of the loan
A Federal Housing Administration (FHA) loan is backed by Private Mortgage Insurance (PMI), which is often paid by the borrower. In general, FHA-insured loans are easier to qualify for. Consider this type of loan if:
You are a first-time homebuyer
A lower down payment option fits your budget
You are just beginning to build your credit
Conforming loans are typically up to $647,200
Available to all service members, veterans and eligible surviving spouses
Often requires no down payment or Private Mortgage Insurance
The United States Department of Agriculture (USDA) offers home loans for real estate purchases in small cities and rural areas in Colorado.
If your dream house requires a loan amount higher than a conforming loan (typically $647,200), Elevations will work with you to find the best options for financing. We offer Fixed Rate and Adjustable Rate Jumbo Mortgages.
Consider a Fixed Rate Jumbo Mortgage with 15, 20 or 30 year terms if:
You want consistent payments year after year
You are planning to stay in the home for a long period of time
Consider an Adjustable Rate Jumbo Mortgage with 3, 5, 7 or 10 year terms if:
You desire greater cash flow management options
You are planning to stay in the home for a short period of time
You expect your earnings to increase
You anticipate that interest rates will drop
You are confident you can handle higher payments if the rate increases
If you have any questions about Home Equity, please click here(opens in a new window) to learn more.
Ready to get started? Applying online is simple.
MORTGAGE CALCULATOR
Estimate your monthly mortgage payments.
Use our mortgage calculator to help get a better picture of what to expect with a new mortgage. You can estimate what your monthly payments might be and the total amount you will eventually pay for the property.
Mortgage Seminars
Join us to learn more about homebuying.
We proudly offer seminars along the Front Range every month that are free and open to the public. Topics include buying your first home, home appraisals, investment properties and more. We are committed to answering your questions, addressing concerns and empowering you all along the way.