Gene Richter, MLO
Gene Richter is a Mortgage Loan Originator based in Colorado Springs and a valued member of The Abair Team—a diverse group of lending professionals who have helped hundreds of clients throughout the United States turn their homeownership dreams into reality. A proud U.S. Air Force veteran and Colorado Springs local since 2018, Gene brings discipline, integrity, and a mission-focused mindset to the field of mortgage lending. He’s passionate about serving as your home finance wingman, guiding you every step of the way. Gene is committed to helping you achieve your financial goals while securing the perfect place to call home.
The Abair Team is a Mortgage Lending Division of Peoples Bank and Trust Bancorp of Hazard, Kentucky, licensed to originate loans in all U.S. states and territories.
NMLS# 2806488
Company NMLS# 257781
Home Loan Products and Programs
Conventional
VA, FHA, USDA
VA, FHA, USDA
A conventional loan is the most common mortgage option — not backed by a government agency, but conforming to standards set by Fannie Mae and Freddie Mac. With competitive interest rates and flexible terms of 10 to 30 years, it's ideal for borrowers with solid credit and a down payment of as little as 3%.
VA, FHA, USDA
VA, FHA, USDA
VA, FHA, USDA
Backed by federal agencies, these programs open the door to homeownership for borrowers who may not qualify for conventional financing. FHA loans offer low down payments and flexible credit requirements, VA loans provide exclusive benefits for eligible veterans and active-duty service members, and USDA loans support buyers in qualifying rural areas — often with no down payment required.
ARM
VA, FHA, USDA
Home Equity
An Adjustable Rate Mortgage (ARM) starts with a fixed interest rate for an initial period — typically 5, 7, or 10 years — then adjusts periodically based on market indexes. This means lower starting payments compared to fixed-rate loans, making ARMs a smart choice for buyers who plan to sell or refinance before the adjustment period begins.
Home Equity
Construction
Home Equity
Tap into the equity you've already built in your home. A Home Equity Loan delivers a lump sum at a fixed rate, while a Home Equity Line of Credit (HELOC) works like a revolving credit line. Both are great tools for funding home improvements, consolidating debt, or covering major expenses — using your home as collateral.
Refinance
Construction
Construction
Refinancing replaces your existing mortgage with a new one — often to secure a lower interest rate, reduce your monthly payment, shorten your loan term, or convert home equity into cash. Whether your goals are saving money over time or accessing funds for a major need, refinancing can be a powerful financial move.
Construction
Construction
Construction
A construction loan provides short-term financing to cover the cost of building a new home from the ground up. Funds are disbursed in stages as construction milestones are met, and you typically pay interest only during the build. Once complete, the loan can convert into a traditional mortgage — streamlining the entire process.
Bridge
Down Payment Assistance
Bridge
A bridge loan is a short-term financing solution that helps you "bridge the gap" between buying a new home and selling your current one. It gives you immediate access to equity so you can make a confident, non-contingent offer on your next property — without waiting for your existing home to close.
DSCR
Down Payment Assistance
Bridge
Designed for real estate investors, a Debt Service Coverage Ratio (DSCR) loan qualifies you based on the rental income a property generates — not your personal income or tax returns. As long as the property's cash flow covers the mortgage payment, you can qualify. It's the ideal financing solution for building or expanding an investment portfolio efficiently.
Down Payment Assistance
Down Payment Assistance
Down Payment Assistance
Coming up with a down payment is one of the biggest hurdles for first-time homebuyers. Down Payment Assistance programs offer grants, forgivable loans, or low-interest second mortgages to help cover upfront costs. Eligibility is typically based on income, location, and buyer status — and many programs can be combined with FHA or conventional loans to maximize your benefit.
We also offer creative financing opportunities to meet many other types of borrowers, including:
- Renovation Purchase or Refinance
- Fix&Flip
- Doctor Loan
- First Time Homebuyer
- Reverse Equity a.k.a. "Reverse Mortgage" Loans
- Manufactured Homes
- Self Employed Bank Statement Loans
- Jumbo and Super Jumbo
- Land Loans
Is Refinancing Right for You?
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