Low Down Payment Loan Basics With Colonial

One of the biggest challenges potential homebuyers face when they are looking to buy a home is saving for the down payment. It can be challenging to save money for a home when you have rent, cell phone and other bills each month, ...

Check Out Our New Online Application!

A better way to apply for a mortgage is here with Colonial’s new, state-of-the-art online application – powered by Roostify. Our new online application allows customers the ability to apply for a home loan from anywhere with ...
Allow this guide to help you understand what escrow is and the ways in which it comes into play during a home buying transaction.

What is Escrow and How Does it Work?

If you are in the process of buying a home, you will probably hear the term “escrow” multiple times throughout the transaction—both before and after the real estate settlement itself. But since the term is used to describe ...
If you are in the market for a new home or want to refinance your mortgage, you may want to consider applying for a loan insured by the Federal Housing Administration (FHA).

Do You Qualify for an FHA Loan?

If you are in the market for a new home or want to refinance your mortgage, you may want to consider applying for a loan insured by the Federal Housing Administration (FHA). “An FHA loan is a mortgage insured by the Federal ...
While the housing market has slowly increased in value overall, there are still many undervalued areas. As a homebuyer, there are several ways you can take advantage of these undervalued housing markets.

Undervalued Housing Markets and How You Can Take Advantage

While the housing market has slowly increased in value overall, there are still many undervalued areas. As a homebuyer, there are several ways you can take advantage of these undervalued housing markets. To understand the potential ...
One of the biggest challenges homebuyers face is the ability to save enough money for a down payment. Rent prices continue to rise, which adds to the difficulty of trying to save.

All About the HomeReady® Mortgage Program

One of the biggest challenges homebuyers face is the ability to save enough money for a down payment. Rent prices continue to rise, which adds to the difficulty of trying to save. What many people struggling to save for a down ...
Maybe the home you are considering has the space you need but just needs a few upgrades to be the ideal home for you and your family. Fortunately, Colonial offers a program that allows homebuyers to immediately improve a property upon purchase with our Purchase Plus Improvement Loan.

Make Upgrades to Your New Home with Colonial’s Purchase Plus Loan

When searching for the ideal home, there are a few things that can make or break your decision to submit an offer. If hosting barbeques for family and friends is important, you’re going to want to find a home that has the backyard ...
Although you can’t simply choose whatever interest you prefer—after all, everyone would just choose 0 percent—you can still choose the term, or length, of your loan, which can have a big impact on the interest rate.

How Do Loan Terms Impact Your Interest Rate?

Taking out a loan for a car or a home is a big process that involves many important choices. Although you can’t simply choose whatever interest you prefer—after all, everyone would just choose 0 percent—you can still choose ...
Discover how you can protect your home from the harsh temperatures and conditions that cold weather brings. 

Winter Home Maintenance Checklist

Discover how you can protect your home from the harsh temperatures and conditions that cold weather brings. Clean Your Gutters According to Farmers.com, cleaning out your gutters is an important step to prepare your home for winter. ...
One of the ways Colonial recognizes veterans is by offering a special loan program that is guaranteed by the U.S. Department of Veteran’s Affairs. There are a number of benefits for using a VA loan for those who qualify. Below, we’ve answered some of the basic questions about VA home loans.

VA Loan Basics

Each year on November 11, Veterans Day is recognized in the United States to honor the men and women who have served in the military. Along with parades and other tributes, many restaurants, coffee shops and other retailers offer ...