What Does it Cost to Buy a Belle Creek Home? By Jennifer Prestwich- your Belle Creek REALTOR®

What Does it Cost to Buy a Belle Creek Home?

The answer may surprise you.  Right now, homes are more affordable than they have been in decades.  Mortgage rates are low and aren’t expected to go up significantly any time soon!

The vacancy rate in the Denver area is hovering around 2%- which basically means rentals are vacant for about as long as it takes for one set of people to move out and the next set to move in.

What this means to you as a renter is that the top rentals are going to demand top prices.  And you’d better have good credit, good references, and plenty of reserves.

In Belle Creek, rentals are going for anywhere from $1300 to $1700.  Anecdotally, rental properties are vacant for a maximum of two weeks before a suitable renter moves in.

What if you purchased a home in Belle Creek?  Let’s say you bought a home for $225,000 with an FHA loan, which requires a 3.5% down payment.  Let’s use a conservative 4.5% interest rate over 30 years.  What would your monthly payment be?

$1395 including Premium, Interest, Taxes and Insurance.

What’s Keeping YOU From Buying in Belle Creek?

It's a Great Time to Buy in Belle Creek!

 

Resources for this post include Metrolist, Your Castle Real Estate, Denver Mortgage Company and Craigslist.  There are programs available to assist with down payments, and still some no down payment options available.  Be sure to consult with mortgage and real estate professionals to learn more.

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