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Mortgage Loans

Find Your Home Loan

Buying a home is one of the biggest decisions you’ll ever make. It’s where you and your family will have dinner, host parties, and call home. And while you’ll be focused on choosing the right home for your family, it’s just as important to make sure you choose the right lender. At San Luis Valley Federal Bank, our lenders are Committed to Your Success. Our loan officers will sit down with you, discuss your options and walk you through the application process. If you’d like to get started, you can start your mortgage application in our online mortgage center.

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Mortgage Loans We Offer

Loan Type

Who this loan is for

Fixed-Rate Mortgage

Individuals who plan on living in their home longer than 10 years and want to be able to make the same payment each month and pay the same rate for the entire term of the loan.

Adjustable-Rate Mortgage

Borrowers who will be living in their home less than 10 years. This loan offers a better rate early on in the loan’s term before the interest rate is adjusted later.

Mortgage Refinancing

Homeowners who want to take advantage of lower interest rates to either reduce their monthly payment or reduce the amount of interest they’ll pay over the term of the loan.

Currently, San Luis Valley Federal Bank only lends within the 6 San Luis Valley counties (Alamosa, Conejos, Costilla, Mineral, Rio Grande, and Saguache). The bank will occasionally loan outside the valley but only within the State of Colorado and to existing bank members.


Other Home Loan Options



Home Equity Lines of Credit

A revolving line of credit that the borrower draws on as needed. As the amount is paid back, it becomes available to borrow again. Pay for a variety of things, including:

  • Home improvements

  • Debt consolidation

  • Emergency expenses

  • College costs

  • To make investments


Construction Loans

A short-term loan that will fund the construction projects for your new home. Once the construction phase is completed, the loan converts into a traditional mortgage. 

  • Convenient one-time closing (covering both construction and final mortgage)

  • Loan automatically converts to long-term financing when construction is complete (avoiding separate loans for construction and finished mortgage)

  • First 12 months will be interest only payments