About Chad Drachenberg
Chad has been in the industry for 26 years specializing in Conventional & Jumbo Lending. He is currently among the top 1% of mortgage originators in America according to Mortgage Executive Magazine, a recipient of the prestigious award of Chairman's Club, funding $107 million in closed loans in 2020. Chad was also awarded President's Club member consecutively over the past seven years. His business has increased significantly due to his strong work ethic, honesty, integrity, and attention to detail. He is committed to improving the loan approval to closing process while still providing a personal experience for each of his clients. Chad's clients can expect to develop a personal relationship with him and quick, accurate answers to any specific questions or concerns they may have throughout the loan process. 100% of Chad's business is referral based because his past clients and referral partners have full confidence that he will get deals done. Chad is also an active member of his community. He is a Board Member of Lifeline Colorado and an active volunteer and supporter of Catholic Charities. Chad was born and raised in Minnesota and has two daughters with his wife Laurel.
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Current mortgage rates
Points:
| Loan Type | Rate | APR | Points | Mo. Payment |
|---|---|---|---|---|
| 30-year fixed | 6.825% | 7.124% | 0.932 ($3262.00) | $2287.57 |
| 15-year fixed | 5.750% | 6.176% | 0.823 ($2880.50) | $2906.44 |
| FHA loan | 6.125% | 7.140% | 0.893 ($2725.89) | $1991.48 |
| VA loans | 6.150% | 6.706% | 0.93 ($3799.98) | $2489.31 |
| Jumbo loans | 6.375% | 6.623% | 0.939 ($8451.00) | $5614.83 |
* Rates current as of 4/8/2025 08:55 pm, provided by Chad Drachenberg, for Denver County, CO, and are subject to change without notice.
Mortgage rates disclaimers
30 year, 15 year rate assumptions
- Purchase price: $437,500
- Down payment: 20.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 30 day rate lock
- 80.00% LTV ratio
FHA rate assumptions
- Purchase price: $310,880
- Down payment: 3.50%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 96.50% LTV ratio
Jumbo rate assumptions
- Purchase price: $1,200,000
- Down payment: 25.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 25 day rate lock
- 75.00% LTV ratio
VA rate assumptions
- Purchase price: $400,000
- Down payment: 0.00%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 100.00% LTV ratio
- Must meet eligibility assumptions to qualify
This is NOT a mortgage loan approval or commitment to lend.
The actual fees, costs, and monthly payment on your specific loan transaction may
vary, and may include city, county, or other additional fees and costs. Mortgage rates
are offered exclusively through Rate, Inc. and are subject to change without
notice. The payment amount does not include homeowners' insurance, flood insurance
(if applicable), or property taxes that must be paid in addition to your loan payment.
The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money
expressed as a yearly percentage. For mortgage loans, excluding home equity lines of
credit, it includes the interest rate plus other charges or fees (such as mortgage
insurance, discount points, and origination charges). These mortgage rates are based
upon a variety of assumptions and conditions, which include a consumer credit score
that may be higher or lower than your individual credit score. Your loan's interest
rate will depend upon the specific characteristics of your loan transaction and your
credit history up to the time of closing. Refinancing may cause finance charges to be
higher over the life of the loan. Rate, Inc. has no affiliation
with the US Department of Housing and Urban Development, the US Department of Veterans
Affairs, the Nevada Department of Veterans Services, the US Department of Agriculture,
or any other government agency.
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Located at 1221 S Clarkson St, Suite 301 Denver CO, 80210