The Lowdown on First-Time Homebuyer
What can you afford?
For many of you, this is your first-time homebuying experience and you are unsure what you can afford. Our mission at Broker For Vets is to help you understand what you can afford and to educate you along this mission to achieve your homeownership and financial goals.
Brokers For Vets will help you understand your affordability by analyzing your eligibility, credit, income, and more. The average loan size in Colorado is roughly $450,000 and VA interest rates can be nearly 1% lower than conventional home loans. This means, on average, you are able to increase your monthly payment by $300/month and/or increase your purchase price range by $50,000!
Have you received Permanent Change of Station (PCS) orders and need to find long-term housing options? If you have received PCS orders to one of the following bases in Colorado, we will be able to help!
Bases in Colorado:
- Fort Carson
- Peterson Space Force Base
- Schriever Space Force Base
- Cheyenne Mountain Space Force Station
- Buckley Space Force Base
We also want to provide some resources that will help your prepare when you have received PCS orders. The link below will help give you some guidance with organizing your move, relocation assistance/resources, and “do-it-yourself moves
Want to learn more about what you can afford? Contact us today at 720.661.8489!
Do I Qualify?
As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.
- Fixed Rates
- Conforming Loans
- Jumbo & Super Jumbo Loans
- FHA, VA, & USDA Loans
- Terms from 5 to 30 Years