In a Journal-Advocate Community News section, questions arise inquiring if there are any programs geared for first-time homebuyers that would minimize the down payment or other expenses of obtaining a mortgage and purchasing a home.
As an answer, one of the obstructions that first-time homebuyers encounter in buying a home is lacking sufficient funds to make for down payments required during purchase.
In Colorado, “the competition for properties is so strong that those buyers able to make a larger down payment often have an advantage over others. And with the value of real estate increasing throughout most of the state over the last few years, the amount a buyer needs for a down payment has also increased.” See what the local government offers to assist first-time homebuyers.
Read the article: Home buying, selling and owning | Journal-Advocate