Colorado Mortgage - What to Expect When Buying a Home in
Article by: Jessica Elliott
Maybe you’re buying your first home in Colorado, or perhaps you’re relocating to Colorado from another state. Either
way, it’s important that you educate yourself on Colorado home loans before shopping for a home and mortgage. This
article explains what you’ll need to know before buying a home in Colorado:
The median price of a home in Colorado is $166,600. Recently, homes in Colorado have been appreciating at rates
well below the national average. In fact, Colorado is ranked 43rd in the nation in home price appreciation. Therefore,
affordability is not a huge concern among Colorado residents.
The price of homes in Colorado varies widely between zip codes. For example, in Denver, Colorado, the median price
of a home in the summer of 2005 was $350,000; however, in Colorado Springs, Colorado, the median price of a home
was $200,000, and in Boulder, Colorado, it was $300,000. Average interest rates in Colorado are below the national
average, and job growth rates are above the national average.
Mortgages in Colorado are regulated by federal and state agencies. Currently, Colorado does not have any anti-
predatory lending laws. In Colorado, residents pay property taxes, and mobile home owners pay titled manufactured
home taxes.Jessica Elliott recommends that you visit Mortgage Lenders Plus.com for more information about
Colorado Mortgage Rates and Loans .
1 of 1