Business Details
8 Years
experience
Your Trusted Partner for Low-Cost Mortgage Solutions
Founded in 2018, Low Cost Mortgage was established to revolutionize the mortgage industry by offering budget-friendly financing solutions without compromising speed or quality. Our team combines decades of real-estate experience with innovative technology to deliver low-cost mortgages tailored to individual needs. Led by USMC Veteran Michael Floren, whose career spans construction, real-estate sales, and mortgage lending since the late 1990s, we prioritize saving clients money through transparent processes and personalized service. Recognized as a top veteran originator by Scotsman Guide for multiple years, we specialize in VA loans and serve active-duty personnel, veterans, and families across eight U.S. states. Our commitment to affordability, efficiency, and client satisfaction has earned us glowing reviews for seamless closings and competitive rates. 
Services
VA Loans
Refinance
Cash-Out Refinance
Home Purchase
Interest Rate Search Tool
Details
- Year established: 2018
Highlights and features
- 20+ years of real-estate and mortgage lending experience since the late 1990s
- Specialize in low-cost VA loans for active-duty and veteran service members
- Award-winning production with top rankings from Scotsman Guide
- Transparent process with no hidden fees or origination points
- Client-focused approach with 5-star Google reviews for seamless closings
What people say
Amazing customer service
Cheapest rate
Easiest closing
Quick process
Highly recommend
Services
VA Home Purchase
Low Cost Mortgage offers VA home purchase loans with $0 down payment for eligible veterans and active-duty members. Our streamlined process ensures competitive rates and minimal fees, leveraging VA benefits to maximize affordability while maintaining fast, transparent closings.
VA Refinance IRRRL
Our VA Interest Rate Reduction Refinance Loan (IRRRL) helps veterans lower monthly payments or interest rates on existing VA loans. With minimal documentation and no appraisal required, we simplify refinancing to deliver immediate savings.
Cash-Out Refinance
Tap into home equity with our cash-out refinance option, allowing homeowners to borrow up to 90% of their property value. Ideal for debt consolidation or home improvements, we offer competitive rates with clear terms.
Home Purchase Loans
We provide conventional, FHA, and VA home purchase loans tailored to diverse buyer needs. From first-time buyers to investors, our low-cost approach ensures affordable financing with personalized support throughout the process.
Interest Rate Search Tool
Access our live interest rate search tool to instantly view current mortgage rates for VA, FHA, and conventional loans. Rates update in real-time, helping clients make informed decisions with transparent cost/credit details.
People
Michael Floren
Owner
USMC Veteran Michael Floren has over 20 years of experience in real estate and mortgage lending, specializing in low-cost VA loans. Recognized as a top producer by Scotsman Guide, he prioritizes client savings and satisfaction.
Questions
What is the history of Low Cost Mortgage?
Founded in 2018, Low Cost Mortgage aims to provide affordable mortgage solutions with a focus on VA loans and veteran support.
How much do I qualify for?
Qualification depends on credit score, income, and debt-to-income ratio. Apply online or call 719-362-0439 for personalized guidance.
Do you offer VA loans?
Yes, we specialize in VA loans with $0 down payment options for eligible veterans and active-duty personnel.
What states do you serve?
We operate in Colorado, Florida, Idaho, North Carolina, Tennessee, Texas, Washington, and Wyoming.
