[Published Mar. 25, 2015, in the Jeffco editions of the Denver Post's YourHub section]
Renters are finding themselves in a downward spiral in terms of qualifying at some future time to buy a home. Since 2009, rents in Denver have risen 24.1%, while the income of renters, on average, rose only 11%. Denver’s increase was 4th highest in nation, behind only New York (50.7%), Seattle (32.4%), and San Jose (25.6%).
Many renters mistakenly think that they have to wait until they have a large down payment, which may never happen, given such statistics. If you’d like to know about programs that let you buy a home with as little as $1,000 out of pocket, call me at 303-525-1851. I know lenders who can help you.