The PowersTeam at Fairway Home Mortgage

The PowersTeam at Fairway Home Mortgage We accomplish this by guiding clients through the loan process, respecting their goals. NMLS ID # 224947. DORA ID # 100009261. Branch ID # 1911395.

The Powers Team at Fairway Home Mortgage - focused on outstanding service in our community & in the financial industry for all those inquiring about home ownership. Summit Funding, Inc. NMLS ID # 3199 www.nmlsconsumeraccess.org. Licensed by CA Dept of Business Oversight #6072526, CA Bureau of Real Estate #01220358, AZ Lic # 0925837, GA Lic # 39456, Illinois Residential Mortgage Licensee. Equal Housing Opportunity

09/24/2026

Denver Buyers Face More Rate Pressure | Visit here for more info: https://mobile.fairwaynow.com/dr/c/j0osv
As someone who works closely with Denver homebuyers every day, I’ve seen how recent central bank hikes are adding even more pressure to those already navigating high property prices and rising living expenses. Just recently, a Capitol Hill condo lingered on the market for over six months, saw more than 20 showings, and still required a price reduction—reflecting how discerning buyers have become. While detached single-family homes are still moving at a steady pace, condos, townhomes, and row houses are taking longer to sell, which means buyers have more options and time to make thoughtful decisions. Some buyers are choosing to step back for now, but with fewer competitors in the mix, committed shoppers might find unique long-term value opportunities. For sellers who can afford to wait, holding onto property may be wise as buyers carefully weigh factors like borrowing costs, HOA fees, and overall living expenses. Through the Powers Team at Fairway, I’m always keeping a close eye on these shifts to help Denver-area clients navigate their next steps with confidence.

09/23/2026

The Best Time to Buy a Home in 2026 | Visit here for more info: https://mobile.fairwaynow.com/dr/c/j0osv
For those planning ahead for their next home purchase, timing can make all the difference. According to national projections, the sweet spot for buyers in 2026 falls between September 27 and October 3. During this window, buyers could benefit from more inventory—active listings are expected to be up 31.9% compared to the start of the year, and 13.3% higher than the average week—giving buyers across the country more options to choose from. Listing prices are projected to be 3.5% below their seasonal peak, which could mean about $14,000 in savings on a median-priced home near $416,000. Competition is also expected to ease, dropping 30.1% from its annual high, while homes may spend around 64 days on the market, giving buyers more breathing room to make decisions. Historically, this early fall period has offered a favorable balance: rising inventory and moderating demand. In my experience helping buyers navigate the Denver and Colorado markets, these windows can be a strategic advantage for those looking for the right fit and the best financing options.

09/22/2026

How Much Down Payment Do You Need To Buy a House?
One of the most frequent questions I hear as a Denver Market Manager and mortgage loan officer is: how much do you really need for a down payment on a home? The answer isn’t one-size-fits-all. Depending on the type of loan and your eligibility, down payments can range anywhere from 0%—for VA or USDA loans—all the way up to 20% or more. Conventional loans typically require at least 3%, while FHA loans often start at 3.5%. Putting down 20% means you can bypass private mortgage insurance (PMI), which otherwise adds 0.5% to 1.5% to your annual costs. And don’t forget to factor in closing costs, which usually run about 2% to 5%. At the Powers Team, we guide buyers in Denver and across Colorado through these options every day, making sure you understand what’s possible for your unique situation.

09/21/2026

Buying Your First Home Takes Preparation | Visit here for more info: https://mobile.fairwaynow.com/dr/c/j0osv
Thinking about making the leap from renting to owning your first home? As someone who guides Denver-area buyers through these decisions every day, I know the process starts well before house-hunting begins. It’s important to weigh whether staying in your current community makes sense for you, and to compare the monthly costs, flexibility, and long-term perks of owning versus renting. Next, think about your daily life—how many bedrooms do you need, do you want an office or extra space to work from home, and what’s your ideal location and commute? Maintenance preferences and access to neighborhood services can shape your choice between city, suburban, or more private living.

When it comes to financing, putting less than 20% down often means factoring in private mortgage insurance and always budgeting for closing costs and ongoing homeownership expenses. I always advise clients to check their credit, gather tax and income documents early, and look into programs that offer around 3% down or even no down payment—some even help with closing costs. Sometimes your dream home and your budget don’t match up right away, but starting with a modest property or renting a bit longer can still lay the groundwork for building equity and eventually buying when you’re truly ready. My team and I are here to make sure you understand every step and feel confident in your choices.

Here's how much a house could cost in 2030 — and how to start saving for itThinking about what it might take to buy a ho...
09/20/2026

Here's how much a house could cost in 2030 — and how to start saving for it
Thinking about what it might take to buy a home in the coming years? Projections suggest the median U.S. home price could reach $382,000 by 2030. As someone who works closely with Denver and Colorado homebuyers every day, I see how factors like supply, demand, interest rates, and wages play a big role in shaping these numbers. Starting your savings strategy early—whether through smart investments or high-yield accounts—can make a real difference when it comes time to build your down payment. Planning ahead today can help set you up for success when you're ready to take that next step.


https://www.housing-trends.com/agent-news/ed-powers/1956361-Here%27s-how-much-a-house-could-cost-in-2030-%E2%80%94-and-how-to-star

How Rate-Lock Is Inspiring Creative Homeowner SolutionsThe rate-lock effect is having a real impact on how homeowners ar...
09/19/2026

How Rate-Lock Is Inspiring Creative Homeowner Solutions
The rate-lock effect is having a real impact on how homeowners are managing their equity. In early 2026, U.S. homeowners tapped into $47 billion of home equity, primarily through second liens. With nearly $17 trillion in total equity—and $11 trillion of it considered tappable—many are weighing their options carefully. It’s interesting to see that equity remains highest in Western and Northeastern metros, even as some Sun Belt areas are seeing declines. Here in Colorado, these trends shape conversations I have every day with clients about leveraging their home’s value. Navigating these shifts with a local perspective is a key part of what we do at the Powers Team.


https://www.housing-trends.com/agent-news/ed-powers/1957340-How-Rate-Lock-Is-Inspiring-Creative-Homeowner-Solutions

What Buyers and Sellers Should Expect to Pay at ClosingWhen it comes to closing on a home in Denver or across Colorado, ...
09/18/2026

What Buyers and Sellers Should Expect to Pay at Closing
When it comes to closing on a home in Denver or across Colorado, it’s important to know what financial details to expect at the table. Both buyers and sellers have their own sets of closing costs—these can include commissions, title insurance, taxes, various fees, inspections, and prepaid expenses. Some of these, like commissions or certain fees, may be negotiable, while others—such as taxes—are set in stone. Guiding clients through these specifics is a big part of what my team and I do at Fairway. Clarity on these expenses helps everyone feel more confident as they move forward with their home financing and real estate goals.


https://www.housing-trends.com/agent-news/ed-powers/1966854-What-Buyers-and-Sellers-Should-Expect-to-Pay-at-Closing

09/17/2026

Commercial Lending Is Opening New Doors | Visit here for more info: https://mobile.fairwaynow.com/dr/c/j0osv
It’s an exciting time for commercial lending—U.S. commercial mortgage originations rose 16% year over year in Q2, a signal of renewed energy among borrowers and dealmakers. What stands out: alternative lenders made up 38% of non-agency loan closings, which means more choices and increased competition beyond the traditional banks. With spreads tightening, financing options are improving, especially for prime properties and strong borrowers. As someone who helps clients navigate a wide range of mortgage options here in Denver and across Colorado, I see firsthand how comparing banks, debt funds, life companies, and specialized lenders can make a real difference. Exploring every avenue is key to unlocking the best commercial financing solutions.

09/16/2026

Start With a Plan, Not a Listing | Visit here for more info: https://mobile.fairwaynow.com/dr/c/j0osv
Before diving into home listings, I always advise clients to start with a clear plan. Take the time to understand your income, debts, monthly bills, and what payment feels truly comfortable—this is how homeownership becomes manageable, not a monthly stressor. Checking your credit early, fixing any report errors, and lowering balances can make a real difference; even small improvements may help secure a better loan offer and meaningful long-term savings. Remember, it’s about more than just the down payment—set aside funds for closing costs, moving, and those early repairs that can pop up, so you’re prepared from day one. Getting pre-approved before you start touring homes can sharpen your search and demonstrate to sellers that you’re serious, giving your offer added weight in a competitive market. And don’t overlook the value of working with a seasoned buyer’s agent who knows the Denver area—someone who can spot red flags, negotiate the details, and guide you calmly through closing. This is how the Powers Team at Fairway helps buyers move forward with confidence.

09/15/2026

Opportunities Emerge as Consumers Reassess Spending Trends
Consumer confidence has dipped to its lowest point in seven months, reflecting a mix of optimism and concern across the country. While many Americans feel secure in their current situation, there’s noticeable worry about what lies ahead—particularly around job stability and income growth. Interestingly, the outlook for homebuying has ticked up just a bit, even as most people anticipate higher interest rates on the horizon. From my perspective working with Denver-area homebuyers every day, I see how these larger trends shape local decisions about timing and financing. Navigating these moments is all about having the right options and guidance, especially when expectations are shifting.

Address

6860 S Yosemite Court, Suite 2130
Denver, CO
80112

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+13039141302

Website

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