Down Payments
June 25, 2025
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Mortgage Loan Officer and Educator
Shane CO Mortgage
Buying a home is a major piece of your life’s puzzle. I’m Shane Koenig, Ent Mortgage Loan Officer, father, and lifelong learner. I’m here to help Colorado families get answers, find the right resources, and feel confident as you navigate the unknowns of making a house your home.
Buying or Refinancing Your Home Should Be Simple
But it’s often not. It’s stressful, confusing, and full of unknowns. You hope to find the right home, lock in the right rate, and work with someone you can actually trust, but hoping shouldn’t be your strategy. You deserve a mortgage experience that feels clear, calm, and empowering.
Your Local Guide to Your Home Loan
Hi, I’m Shane Koenig of Shane CO Mortgage, licensed mortgage loan officer for Ent Credit Union for over 15 years. My philosophy for life is this: honesty & integrity — always. I love what I do, and I love seeing people finally achieve their dream of home ownership.
I’ve lived in Colorado on and off for more than 20 years. I met my beautiful wife, Jaime, here, and we’re raising our two incredible daughters and two rescue pitbulls in Littleton. While I can’t promise you won’t be stressed, I can promise you’ll have a trusted guide who listens, explains every step clearly, and works hard so you have all the information you need to make your dream home a reality.
When I’m not in the office, you can find me:
- Cheering my daughters on
- Watching my favorite sports
- Attending a CrossFit workout
- Squeezing in golf
- Networking in the community
- Continuing my mortgage education
“Shane had a huge impact on my overall feeling of (the lender)…he took very good care of me from start to finish. I hope they know how much I appreciate how well they treated me.”
- Susie M.
Classes
Mortgage Classes Made Simple
You can feel confident in your homebuying journey with classes led by a licensed mortgage loan officer who’s closed over $55 million in loans. Whether you’re buying your first home or refinancing your current one, these sessions break down the mortgage process in a way that finally makes sense.
Resources
Your Homebuying Resource Center
Stay informed and confident with expert advice, market updates, and helpful tips from Shane. Whether you’re just starting out or ready to refinance, these blog posts make the mortgage process easier to understand — one step at a time.
Frequently Asked Questions
Your Home Loan Questions, Answered
Buying a home is one of the biggest decisions you will make in your life. These FAQs are here to give you clarity, confidence, and a little peace of mind as you move forward.
How do I know which loan is right for me?
We can figure that out together. With so many loan options available, choosing the right one can feel overwhelming. Shane is here to listen, understand your unique needs, and offer expert guidance — like the final piece in your homebuying puzzle. Sometimes all you need is someone to explain things clearly and point you in the right direction.
What credit score do I need to qualify for a home loan?
It depends on the type of loan you’re applying for. Most conventional loans require a minimum score of 620. FHA loans may accept scores as low as 500, depending on other qualifying factors. If you’re aiming for a low-interest rate, a higher credit score and a solid down payment will give you the best chance.
How much do I need for a down payment on a house?
It depends on the loan program. Some loans require as little as 3% down, while others (like VA loans) may offer 0% down options if you qualify. A high down payment isn’t always necessary — but the more you put down, the lower your monthly payment may be.
Can I get pre-approved before finding a home?
Yes, and it’s a smart move. Pre-approval helps you understand your budget, shows sellers you’re serious, and can speed things up once you find the right place to call home.
What documents will I need to apply for a mortgage?
Typically, you’ll need proof of income (like pay stubs or tax returns), asset statements, ID, and employment history. Don’t worry — Shane CO Mortgage will walk you through exactly what’s needed and when.
How long does the mortgage process take?
On average, about 30 to 45 days. Some loans can close faster, while others may take a bit longer. Pre-approval usually comes back within 24–48 hours. The appraisal and underwriting process tend to take a few weeks.
Having a lender who communicates clearly and keeps things moving can make a big difference in how smooth the process feels.
Can you help with my questions if I’m refinancing instead of buying?
Absolutely. Whether you want a lower rate, a shorter term, or to pull cash out of your equity, Shane CO Mortgage will help you explore your options and find the loan that fits your goals.
What happens after I apply?
After you apply, your documents will be verified, an appraisal may be ordered, and your file will go through underwriting. If you’re already pre-approved, this helps speed things along. Once everything is cleared, you’ll get a closing date — and before you know it, the keys will be yours.
Your Roadmap to Closing
Buying a home is a big deal, but the process doesn’t have to be overwhelming. Here’s how to get started, stay on track, and get you into your dream home.
Reach Out to Shane
Ask your questions, share your goals, and get clarity on your options.
Explore What’s Possible
Understand which loan types fit your situation and what you might qualify for.
Move Forward with Clarity
Whether you’re ready to apply or still learning, Shane will be here to guide you.
Begin Your Home Buying Journey with Confidence
No matter if you’re buying your first home or refinancing your current one, the right guide makes all the difference. Reach out with questions, register for a free mortgage class, or explore more resources to gain the confidence you need to start your home buying journey.
Get in Touch with Shane
Have questions? Need trusted guidance to make smart moves in today’s market? Fill out the form below — no pressure, just honest support from a mortgage loan officer with over 15 years of experience.