![]() ![]() ![]() The tool provides information for individuals, and households with one or two working adults and. ![]() The assumption is the sole provider is working full-time (2080 hours per year). VA loans offer low- and no-down-payment options for eligible veterans and other eligible borrowers. The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. Be certain to ask your home mortgage consultant to help you compare the overall costs of all your home financing options.Compare cost of living in Colorado Springs with factors like salaries, housing expenses, groceries, utilities. FHA loans have the benefit of a low down payment, but you'll want to consider all costs involved, including up-front and long-term mortgage insurance and all fees. Colorado Springs, Colorado’s cost of living is 5 higher than the national average.Talk with a home mortgage consultant about loan amount, loan type, property type, income, first-time homebuyer, and homebuyer education requirements to ensure eligibility.įHA loans are available with as little as 3.5% down.Use the calculator to find out what income you will need in a new city and how much more or less. We'll explain the options available, so you can choose what works for you. Check out the cost of living in Colorado Springs. These prices are significantly lower than other competing areas like Denver, with a median price index of 535,800, or Boulder at 664,800. Keep in mind that with a low down payment mortgage insurance will be required, which increases the cost of the loan and will increase your monthly payment. The Colorado Springs housing market has seen steady growth, with median home prices at 488,600.Wells Fargo offers several low down payment options, including conventional loans (those not backed by a government agency).Ĭonventional fixed-rate loans are available with a down payment as low as 3%. ![]()
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