Denver, Aurora, and the rest of the Denver Metro area are some of the most competitive markets in Colorado. Here’s how to buy smart.
Know your loan limits
Conforming loan limits (the cap on a standard conventional loan) change each year and can be higher in pricier counties. Above that line you’re into jumbo loan (a loan for higher-priced homes) territory. You can look up the current limit for any county on the FHFA conforming loan limit page, and FHA limits on HUD’s FHA mortgage limits lookup. I’ll tell you exactly where you stand.
Strengthen your offer with a real pre-approval
In a fast market, a fully underwritten pre-approval (where a lender has already verified your documents) makes your offer look almost as strong as cash. That’s an edge I build for my clients.
Don’t skip down payment assistance
Even in the Denver Metro area, there are DPA programs that can apply. Many buyers assume they earn too much or the homes cost too much — and they’re often wrong. It’s worth checking. Two good places to start: the City of Denver’s metroDPA program and the statewide CHFA homeownership programs. For the step-by-step, see Colorado down payment assistance in 5 steps.
Thinking about buying in the Denver Metro area? Call me at 303-587-4297 and let’s map out your plan.
