Home Buying Information for Colorado Springs

Everything you need to know about the home-buying process in Colorado Springs, CO.

Found 55 blog entries about Home Buying Information for Colorado Springs.

Military member holding a replica of a home

Buying a home in Colorado Springs while you’re deployed in a different country may seem risky, but it’s actually very common for members of the military. In fact, it’s now easier than ever to buy a home long distance thanks to virtual showings, online application processes, and builder incentives for military members. If you’re thinking about buying a home while on duty overseas, these are some tips to make the process go smoother.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Work Out Your Budget

Before you begin searching for a home, you need to know how much you can afford. Do a thorough review of your financial situation including

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What Homebuyers Need to Know About Septic SystemsBuying a home in rural and some suburban areas mean there is a higher possibility the house comes with a septic system. Owning a home equipped with a septic system requires different maintenance and repairs than it does when living in an area with a municipal water and sewer system. By researching the best practices for owning a home with a septic tank, anyone can enjoy the perks while minimizing the drawbacks. Keep reading to learn all about the pros and cons of buying a house with a septic system.

What is a Septic System?

A septic system is independent of community systems. They are designed to capture wastewater from toilets, sinks, washing machines, and garbage disposals. One of its primary components is a tank typically made of steel,

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3 Reasons to Hire a Military-Friendly Real Estate AgentHomebuying is exciting but can get complicated, especially for military service members who have unique needs and circumstances when purchasing a property. The buying process for military members is quite different than it is for the average homebuyer. Working with a knowledgeable military real estate agent can differentiate between a rocky experience and a seamless one. Are you an active-duty military member or a veteran seeking to buy real estate? Keep reading to find three reasons to work with a military real estate agent.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Military Real Estate Agents Understand Active Duty Timelines

Active duty service

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Qualifying for a Jumbo Loan vs a Conforming LoanYou're about to make an offer on the home of your dreams when someone–your real estate agent or a mortgage lender–says you'll need a jumbo loan. What is a jumbo loan? When does a homebuyer need a jumbo loan? What's the difference between a jumbo loan and a conventional loan? And, perhaps most importantly, how does one qualify for a jumbo loan?

If these are questions you find yourself asking, here's a brief explanation of the what, when, and how of qualifying for jumbo loans.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Conforming Loans vs. Jumbo Loans

Any mortgage more than a set dollar figure is a jumbo loan, no matter what size the

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Colorado Springs Most Affordable Neighborhoods

Colorado Springs serves as the county seat of El Paso County and is located on Fountain Creek. With 677,000 residents, it is the second-most populous city in Colorado, trailing only Denver. Colorado Springs is in east-central Colorado, about 60 miles south of Denver, near the base of Pikes Peak.

At nearly 195 square miles, the sprawling city of Colorado Springs is the state's most expansive municipality. Recognized multiple times for its livability and its business-friendly environment, Colorado Springs is home to the U.S. Air Force Academy, a significant economic driver. It is also home to the U.S. Olympic Committee, U.S. Olympic Training Center, and USA Hockey.

Moving to Colorado Springs comes with important decisions, such as where one would

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Should You Buy a House with Cash?On the face of it, it seems like an obvious choice: wouldn't it be smarter to buy a house with cash if a buyer is able? It is true that buyers who pay cash will have certain advantages over those who opt for a mortgage. However, it's vital to consider all the pros and cons when making a purchase of this magnitude. By examining the following variables, potential buyers can decide the best way to arrange their new home purchase.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Cash Can Mean a Faster and Better Deal

Sellers may take cash buyers more seriously because they know the buyer does not have to go through the mortgage process, meaning a faster

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4 Ways Transportation Affects Home Buyers' PrioritiesLocation is one of the most important considerations that buyers think about before they buy a home. While the position of the home in relation to work, dining, entertainment, shopping, and other amenities is key, transportation is another aspect of the equation. The ways that homeowners get to and from their homes affects their driving time and the quality of the trip. By evaluating these conditions before making an offer, buyers can be more certain that the home's location will meet their needs in relation to their lives outside it.

Transit and Commute Times

Buyers contemplating a move that is a significant distance from their current housing should consider how this will affect their time spent driving. The average commute time to and from

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MOM (Military on the Move): How Can it Help You?If you're a Colorado Springs homeowner involved in the armed forces, whether you're active duty, separated or retired, you may have a lot of experience with moving around the country. You likely even have experience buying and selling homes. If this is the case, you know that buying and selling homes can be difficult and expensive.

That's why armed forces officers have access to the Military on the Move program. This unique and well-designed program gives military people access to rebates that can help defray the costs of moving while also making the process easier to manage.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

What is the Military on the

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Key Mortgage Mistakes to AvoidMany home buyers make a few mistakes while looking for the right mortgage for their needs. From finding the best lender to selecting their ideal terms, every step has its challenges. Although it's impossible to avoid every mistake, home buyers can navigate the process much easier by knowing what lies ahead. The following information can help buyers prepare ahead of time.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

1. Not Understanding All the Home's Costs

When it comes to buying a home, everyone talks about down payment requirements, but do not mention all the other costs required. While the money a buyer puts down is a large amount,

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How Mortgage Preapproval and Prequalification Are Not the SameMany terms used by lenders and agents can get confusing. Some people may think that the terms mortgage preapproval and mortgage prequalification are simply different ways of saying the same thing. While this is not true, both terms may be considered milestones on the process to getting approved for a mortgage loan.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

What Is Mortgage Prequalification?

A lender needs to consider different factors when an applicant wants to be approved for a mortgage loan. After a series of questions, a lender then may inform an applicant they are prequalified. However, much still needs to be done by the applicant

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