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Denver

Denver's has a great metropolitan area full of culture and entertainment. There are many great outdoor activities as well. the city averages over 300 plus days of sunshine each year.

The "Mile High City," has been rated as one of the top places to live and work in the United States. D, Denver's outstanding lifestyle and great climate mixed with a strong economyhave created a positive real estat environment

Denver Boasts - Six popular professional sports teams , performing Arts Center (theater and a symphony orchestra, outdoor recreational opportunities -skiing, mountain biking, hiking, fly-fishing, kayaking and white water rafting and the famous Red Rocks Amphitheater.

 

The diversity of real estate options and locations in Denver makes finding the right place even more important. We can help!

Denver Hot Home can assist you with all of your needs. We have up-to-date information on all of the Denver Real Estate areas including Highlands Ranch,Cherry Creek,Centennial,Castle Rock,Englewood, Littleton Aurora, Parker ...and more

Are you looking for homes for sale in Denver, Colorado? On our site you can view recently listed real estate properties throughout Denver, Colorado at Denver Hot Homes.com. We have hundreds of listings for you to view including condos, townhomes, foreclosures, new homes and apartments for rent. We are also specialist in $1,000 Down homes and Rent to Own homes in Colorado. Once you have found a listing that fits your criteria, simply sign in on the home page to gain full access to our site. This will take less than a minute and once you are logged in....all of the information is FREE.

Denver Hot Homes lets you search for Denver real estate at your own pace. If you are just thinking about a buying a home, no problem there are many tools on our website that will help you with the Bailey Colorado real estate market. If you are ready to start seeing Bailey homes in person, just let us know. Our local, licensed Bailey REALTORs can show you any property on the market.

Let Denver Hot Homes help you find the perfect home in the Denver, Co

 

Tip: from Denver Hot Homes


For many homebuyers, putting 5%, 10% or 20% down is just not possible--and in many cases, it's not the best financial choice either. With Nationwide Home Loans, Inc's "$1,000 Down" programs, the need for a down payment is eliminated--making only a minimal difference in your mortgage payment and allowing you to put your cash toward other uses.

Contrary to popular belief, you don't have to have perfect credit in order to secure a $1,000 Down loan--we can help people with all types of credit and income situations. Our mortgage planners are experts in the field, trained to answer all your questions and make the process as smooth as possible from application to closing.

 

 

 

HUD and FHA for Denver Real Estate


In 1965 the Department of Housing and Urban Development (HUD) was formed.  Within HUD operates the Federal Housing Administration (FHA), which has the primary responsibility for administering the government home loan insurance program. This program allows a first time home buyer  who might otherwise not qualify for a home loan to obtain one because the risk is removed from the lender by FHA who insures the loan for the lender.

The most popular FHA home loan program for a first time home buyer is by far is the 203(b).  This is your standard fixed rate loan for 1-4 family owner occupied houses and only requires a minimum of 3% from the borrower.  This loan also permits 100% of their money needed to close to be a gift from a relative, non-profit organization, or government agency.

The main advantage to a FHA home loan is that the credit criteria for a first time borrower are not as strict as Conventional Loans sold to Fannie Mae (FNMA) or Freddie Mac (FHLMC). Someone who may have had a few credit problems or no traditional credit should not have a problem obtaining FHA financing. Also, FHA home loans are assumable, allowing a person to take over the mortgage without the additional cost of obtaining a new loan. In addition, the seller or lender must pay for part of the "traditional" closing costs (called non-allowable costs) while a borrower's allowable costs can partially be wrapped into the loan. The monthly mortgage insurance premium is cheaper for an FHA loan verses a conventional loan with 3% down.  Finally, FHA loans may may require less income to qualify as they will exceed the Conventional debt ratios of 28/36% as their standard is 29/41%. 
Many people make the mistake and assume that FHA loans are only available for first time home buyers.  This is not true.  FHA loans are available to anyone, whether you’re first or fifth home and can be used to purchase a home or refinance a home.  If refinancing a home the current loan DOES NOT have to be an FHA loan.

The greatest disadvantage of FHA home loans is that FHA limits the loan size that a borrower can borrower  Others may try and convince you that the FHA upfront mortgage insurance premium (MIP) is a disadvantage. However this amount makes just a very small increase in the borrower's month payment and is partially refundable in certain cases. 

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