Investment property loans in Colorado
Colorado is a wealth-through-appreciation market, not a cash-flow-on-day-one market.
Prices can run high and rents modest, so the numbers work differently here than growth markets such as the South and the Midwest — and financing that plays to Colorado’s strengths means qualifying on the property, using structures built for thin debt coverage ratios, and knowing how to unlock the equity you’ve already earned.
- Qualify on rental income - No DTI
- DSCR HELOC — tap equity without refinancing
- Business-purpose lending only
- NMLS #2187991
Financing for Colorado real estate investors
The Colorado investor plays a longer game — buying Denver and Front Range appreciation, running a mountain-town short-term rental, or sitting on years of equity they’d like to put to work without unwinding a low first mortgage.
Every one of those needs a lender who underwrites the property, not your paystubs, and who isn’t scared off by a property that isn’t clearing a debt coverage ratio of 1.0. At Andes, we have solutions for every type of investor borrower.
Tap your Colorado equity without selling or refinancing
Colorado’s price run from 2018 to 2022 left a lot of investors sitting on serious equity behind a low first-mortgage rate they don’t want to touch.
A DSCR HELOC pulls that equity out on the property’s income — no tax returns, no personal DTI — in either 1st or 2nd lien position. Take a second lien and your low first mortgage stays exactly where it is; take a first lien on a free-and-clear or high-rate property. It works best in the urban markets — Denver, Colorado Springs, Fort Collins — where equity is deep and properties are non-rural.
Business-purpose loans we originate in Colorado
Every program below is business-purpose financing for non-owner-occupied property.
Follow your situation into the details — terms, down payment, and the documents each one needs. For anything DSCR-specific in Colorado, start with the dedicated Colorado DSCR page.
Finance a Colorado rental on the property’s income. Our highest-demand investor program.
Pull equity from a Colorado rental without disturbing your low first-mortgage rate.
Pull equity from a rental to fund your next deal.
Our national DSCR loan page covers the full program in depth. Andes does not offer owner-occupied or consumer mortgages in Colorado.
What Colorado rents and prices are doing
Colorado is one of the priciest markets in the country to buy into as a real estate investor.
The statewide median listing price sits around $564,000, well above the Midwest cash-flow states, with Denver and Boulder anchoring the top of the range and Colorado Springs, Fort Collins, and Pueblo offering more accessible entry points. Most investors we work with aren’t here for day-one cash flow; they’re here because Colorado real estate has been one of the most reliable long-run appreciation plays in the West.
One number that quietly works in your favor: property taxes. Colorado carries among the lowest effective property-tax rates in the nation, so unlike high-tax states, the tax line isn’t what pressures your cash flow here. Instead, the price-to-rent gap is. The figures below are Realtor.com listing data and update automatically each month.
Colorado housing market
Realtor.com listing data · as of September 2026
Figures are Realtor.com listing data (what sellers are asking) — not sale prices. Source: Realtor.com via FRED (Federal Reserve Bank of St. Louis). Updates monthly.
Metro figures are Realtor.com median listing prices (not sale prices), published via FRED.
What Colorado rentals actually earn
Colorado rents are strong in absolute terms but modest relative to the cost of housing in the state. This is the reason why investors either find themselves putting larger down payments when buying or simply, they are willing to take a temporary cash flow loss – a debt coverage ratio under 1.0.
Denver and Boulder command the highest rents in the state; Colorado Springs and Fort Collins run more affordably, where the rent-to-price math is a little friendlier. In the mountain resort corridor, short-term rental income tells a completely different story than these long-term figures — that’s a separate calculation we walk through on the DSCR page.
Read these as the long-term-rental baseline. When debt coverage lands below 1.0, that’s not a dead deal in Colorado — it’s the norm, and it’s what our no-ratio structure is built for.
Colorado rental market · single-family
Data through Aug 2026
| Metro | Typical asking rent | YoY change | Data through |
|---|---|---|---|
| Denver | $2,981 | +1.4% | Aug 2026 |
| Colorado Springs | $2,354 | +2.4% | Aug 2026 |
| Fort Collins | $2,504 | +2.4% | Aug 2026 |
| Boulder | $2,996 | +2.3% | Aug 2026 |
Data through Aug 2026 · updated monthly · source: Zillow (ZORI)
In Colorado, you're buying the appreciation, and you can borrow around the cash flow
Colorado prices climbed faster than rents did, so the median deal often doesn’t cover its payment on paper — a dealbreaker at most lenders, and a non-event at ours.
There’s no DSCR floor with Andes Mortgage: a sub-1.0 ratio moves to a reduced- or no-ratio tier instead of a decline. Pair that with a DSCR HELOC to reach the equity you’ve built, and Colorado’s high-price problem becomes a high-equity advantage.
- Business-purpose lending in Colorado
Colorado investor loan questions
Can I finance an investment property in Colorado through Andes?
Yes. Andes originates business-purpose investment property loans on non-owner-occupied Colorado real estate — including DSCR loans, cash-out refinances, investor HELOCs, and short-term rental financing. These loans qualify on the property’s rental income, so there are no tax returns and no personal debt-to-income calculation.
Does Andes offer owner-occupied or consumer mortgages in Colorado?
No. In Colorado, Andes offers business-purpose investment loans only — financing for rental and other non-owner-occupied property. We do not originate owner-occupied, primary-residence, or other consumer-purpose mortgages in Colorado.
What is a business-purpose (investor) loan?
A business-purpose loan finances property held to generate income or profit — a rental, a BRRRR project, a short-term rental — rather than a home you live in. Because the loan is underwritten on the property’s cash flow and business use, it follows different rules than a consumer mortgage, and the property is typically non-owner-occupied.
Can I buy a Colorado rental property through an LLC?
Absolutely. You can title your property to an LLC using our DSCR loans in Colorado. For more information on having a business own the property, visit our DSCR LLC page.
Which Colorado markets are best for real estate investing?
Denver and the Front Range for appreciation and liquidity, Colorado Springs and Fort Collins for a bit more balance, and the mountain resort towns for short-term rentals. The DSCR page breaks each down.
See what your Colorado deal qualifies for
Answer a few quick questions and we’ll point you to the business-purpose program that fits your deal and what you’d need to qualify — no credit pull, no obligation.
Andes Mortgage LLC · NMLS #2187991 · Equal Housing Lender. In Colorado, Andes originates business-purpose investment property loans only (non-owner-occupied), and does not offer owner-occupied or consumer-purpose mortgages. Market figures are Realtor.com listing data (not sale prices), published via FRED (Federal Reserve Bank of St. Louis) and updated monthly. This page is informational and is not a commitment to lend; program terms and eligibility vary by lender and are subject to change.