Pueblo Real Estate Mortgage With No Down Payment:
Buy Homes for Sale in Pueblo Colo
Are you ready to buy a home for sale in Pueblo Colo but saving for a down payment is standing in the way? Our expert Realtors in Pueblo Colorado have a solution. A mortgage with no down payment can have you looking at homes for sale in Pueblo Colo and ready to buy right now. A typical down payment on a 250K house is 20% or $50K leaving you with a mortgage balance of 200K.
The monthly mortgage payment will be less with a large down payment for several reasons, so it is important to consider each option. In addition to having a higher mortgage balance with no down payment, there are also additional costs like mortgage insurance and even a slightly higher interest rate.
How much are monthly house payments for a $200K mortgage with a $50K down payment and a $250K mortgage with no down payment? Which option do you think is a better deal? Save $50K for a down payment and get a lower monthly payment or buy now with no down payment and have a higher monthly payment? Check out the bottom of this page where we break out all the heavy math on this payment difference. But first, take a look at homes available on this page, if you see something you like and would like to get started just click the button below to book an appointment.
Mortgage With No Down Payment
From $1,000 to $1,500 Per Month
The Pueblo Real Estate Market is Changing Fast
Buying properties for sale in Pueblo CO became a popular activity for owners and investors in the Pikes Peak region in recent years. This once-stagnant market saw houses begin to sell fast and real estate listings were in demand. Pueblo homes caught the attention of the Colorado real estate community and appreciation skyrocketed as high as 16% in one year.
Residential real estate in Pueblo was in high demand while commercial real estate did not show the same movement. As interest rates increased the market slowed in Pueblo and in Colorado. Now is the best time to transition from a rental property into a home you own. Mortgage interest rates will not return to the low rates in recent years but they may decline and even a decline of only 1% could make it difficult for a buyer to find a Pueblo home for sale available to purchase with no money down. Don’t miss this window of opportunity to buy one of the homes for sale in Pueblo CO. Book an an appointment with the link below and schedule a phone call or in person meeting to explore your purchase options.
Search Pueblo Colorado Homes for Sale and
Other Colorado Real Estate Listings
If you did not find something you liked on this page you can search all of the homes for sale in Pueblo on every street Pueblo has and some that are outside of Pueblo in the region. Search homes in the Pueblo Area here.
If you are looking outside of Pueblo you can search the Pikes Peak MLS and Denver MLS to find colorado homes for sale in these other areas.