|
Colorado
First Time Home Buyer
The bottom of the housing market crisis may not be too far off and the inventory
of homes is still relatively low compared to the rest of the nation.
Foreclosures make up a good bulk of home sales with lower priced homes. Home
prices will drop about 10% in 2009 which is good news for a Colorado first time
home buyer and the $8,000 tax credit has been extended until June 30th,
2010. There has never been a better time to buy your first home.
Special
Programs
The My Community
Colorado First Time Home Buyer Program Opens Doors for a
Fireman, Police Officer, Paramedic, Teacher, Healthcare Worker such as Nurse,
and Military Personnel.
This program features 3% down financing and you receive a $500 credit toward closing costs. Also, you can have use part-time or overtime income from last 12 months to qualify.
Colorado First Time HomeBuyer FHA Program
FHA $100 down program is available if you purchase FHA foreclosure.
Please visit
FHA mortgage limits
if your Metro Area doesn't appear below.
| Metro Area |
Single Family |
2-Unit |
3-Unit |
4-Unit |
| Denver |
$406,250 |
$520,050 |
$628,650 |
$781,250 |
| Boulder |
$460,000 |
$588,850 |
$711,800 |
$884,600 |
| Colorado Springs |
$325,000 |
$416,050 |
$502,900 |
$625,000 |
| Pueblo |
$271,050 |
$347,000 |
$419,425 |
$521,250 |
VA Program
Zero down payment up to $417,000 loan amount
If you served during wartime for at least 90 consecutive days or
during peacetime for at least 181 consecutive days then you are
eligible for the VA Home Loan Program. If you are currently on
active duty then you are eligible for the program after 90 days of
active service. You are also eligible if you are on Reserve, as long
as you have served for at least six years, which can be
non-consecutive and in different branches of the Reserves. The
Reserve branches eligible for the VA Home Loan Program are Army
National Guard, Army Reserve, Air National Guard, Coast Guard
Reserve, Navy Reserve, Marine Corps.
Colorado USDA Rural Program
Zero down payment with NO PMI or mortgage insurance. You must purchase home in
eligible county and there are maximum income limits. The income limit for
a majority of counties is $73,600 and Boulder has $92,000 limit.
List of INELIGIBLE COUNTIES: Adams, Arapahoe, Boulder, Douglas, El
Paso, Jefferson, Larimer, Mesa, Pueblo, and Weld.
Visit
USDA website to determine if a specific home is eligible for the program.
You will need full address with zip code.
Kansas First Time Home Buyer Stats
| Best Places to Live |
Louisville, Superior |
| Average Home Listing Price |
$557,323 |
| Unemployment Rate |
6.6% |
| Foreclosure Rate-Greeley |
1 in 75 homes |
| Fasted Growing Job Market |
Healthcare |
Back to Top
|
