1566 Spring Creek Drive
Lafayette, CO 80026
5 Bed \\ 5 Bath \\ 5246 Total Sq Ft \\ 3 Car Garage
Check out the full listing HERE!
With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI).
NAHB (National Association of Home Builders) measures affordability in major cities. Affordability calculation is based on homes sold in that area that would have been affordable to a family earning with that particular market’s median income. San Francisco is the least affordable market with only 6.9% of homes could be purchased with their median income for 1st quarter of 2019. Fairbanks, AK is the most affordable market with 94.7% of homes could be purchased with their median income. Fort Collins is at 49.1%, Greeley is at…
Wondering if buying a home is within your reach? It may be closer than you think. You may qualify for a down payment assistance program like CHFA (Colorado Housing and Finance Authority) which requires a $1,000 minimum borrower contribution (own funds or gift) on all purchase transactions. Check out the income limits for CHFA loan programs: https://www.chfainfo.com/participating-lenders/single-family/forms/CHFA_Income_Limits.pdf
GENERAL CHFA PROGRAM REQUIREMENTS: Borrowers must qualify according to the underwriting guidelines as determined by a CHFA Participating Lender. In addition, the following are some of CHFA’s general borrower requirements: