Robert Sherwood

About

Robert Sherwood | NMLS #213300
Loan Officer, Lending Spot
Licensed in Colorado and Florida

Mortgage Loan Officer in Colorado Springs and the Pikes Peak Region

Robert Sherwood is a mortgage loan officer at Lending Spot based in Colorado Springs, serving home buyers, homeowners and real estate investors across El Paso, Teller and Park counties, including Colorado Springs, Monument and Woodland Park. Robert works with conventional and FHA home purchase loans, refinances, and DSCR loans for investors who want to qualify on a property’s rental income.

Through Lending Spot’s network of more than 100 lenders, Robert compares options across lenders so each client can see which loan fits their goal, instead of being limited to one bank’s programs.

Who Robert Works With

• Buyers purchasing a primary home in Colorado Springs, Monument and the surrounding area
• Homeowners who want to refinance to change their rate or term
• Real estate investors buying or refinancing rental property in the Pikes Peak region and Park County
• Buyers and homeowners in mountain communities such as Woodland Park

Loan Programs

Home purchase

• Conventional loans
• FHA loans, a government backed option with flexible requirements

Refinance

• Rate and term refinance to change the rate or term without taking cash out

Investor financing

• DSCR loans (debt service coverage ratio) that qualify on the property’s rental income instead of personal income
• Conventional loans for investment property

Also available through Lending Spot: jumbo loans, cash out refinance, HELOC and home equity loans, and bank statement loans for self employed borrowers.

Program availability and qualification depend on the borrower, the property and the individual lender’s guidelines. Not all applicants will qualify.

Choosing the Right Loan in the Pikes Peak Region

• Conventional or FHA for a primary home. Both can work, and the better fit depends on the buyer’s credit, savings and the property. Robert can compare the two side by side for each buyer.
• Conventional or DSCR for a rental property. A conventional investment loan qualifies mainly on the borrower’s personal income. A DSCR loan looks at whether the property’s rent covers its payment, which can suit investors who own several rentals, subject to lender guidelines.
• Refinancing an existing mortgage. A rate and term refinance replaces the current loan to change the rate or the term without taking cash out. Whether it makes sense depends on the closing costs and how long the homeowner plans to keep the loan.

Situations Robert Sees Often

• Conventional or FHA. A buyer in Colorado Springs is not sure which loan fits. The two programs set different requirements for credit, down payment and mortgage insurance, so Robert compares them side by side before the buyer writes an offer, subject to lender guidelines.
• Buying a rental property. An investor wants to add a property in El Paso County. A DSCR loan looks at whether the property’s rent covers its payment instead of relying mainly on personal income, subject to lender guidelines.
• Lowering the payment on an existing home. A homeowner wonders whether a rate and term refinance makes sense. Robert reviews the current loan, the new terms and the closing costs so the homeowner can see the full picture first.

Lending Spot Client Reviews

Read Lending Spot client reviews on Google

These are reviews of Lending Spot LLC as a company. Each review reflects one person’s experience and is not a guarantee of approval, rate, terms or closing timeline.

Areas Served

El Paso County, including Colorado Springs and Monument; Teller County, including Woodland Park; and Park County, including Guffey, Colorado.

Licensing

Robert Sherwood, Loan Officer
NMLS #213300
Lending Spot LLC, NMLS #2463121
Colorado Mortgage Company Registration, NMLS #2463121
Regulated by the Colorado Division of Real Estate
Florida Mortgage Lender License #MLD2415
Headquarters: 9655 S Dixie Hwy Suite 200, Pinecrest, FL 33156
Licensed in Colorado and Florida
Verify NMLS #213300 on NMLS Consumer Access
Equal Housing Opportunity

Let’s Talk About Your Financing

• Call or text: (720) 937 8336
• Email: rob@lendingspot.net
• Start an application with Robert