Affordable Homes for Sale in Brighton, CO

Questions people ask about affordable homes in Brighton

Where are the cheapest homes for sale in Brighton?

In Brighton proper and Brighton East Farms, north Thornton and the Brighton line and Brighton east by Barr Lake. The grid below lists every match live from the MLS, and the market stats under it show today's median price and price per square foot. The map above shows every one; the ZIP pages start with 80601.

What does $300,000 buy in Brighton today?

Under $300,000 it is a condo or an older two-bedroom house; $300,000 to $400,000 is where the three-bedroom houses and the newer townhomes with a garage start, about 1,216 square feet at the median. The grid below lists every match live from the MLS, and the market stats under it show today's median price and price per square foot.

How much is the monthly payment on an affordable Brighton home?

About $3,050 on the $360,000 median with an FHA loan at 7 percent and 3.5 percent down: $2,311 principal and interest, $280 HOA, $180 taxes, $159 mortgage insurance, $120 insurance. A lender approves that payment at about $122,000 a year of income. Run your own numbers on can I afford a home now.

How much cash do I need to buy a cheap home in Brighton?

About $1,000 with CHFA assistance: the 3 percent grant covers the FHA down payment ($12,600 on the median), the seller pays closing costs through the offer, and the earnest money comes back at closing. Without assistance it is about $18,100. The worked example is on $1,000 cash to close; the rules on CHFA down payment assistance.

Which down payment programs work in Brighton?

CHFA statewide (620 score, income under $178,920, 3 percent grant or 4 percent second mortgage). metroDPA: Adams County is a member. USDA on the east side: addresses east of Brighton toward Barr Lake and Lochbuie carry USDA zero-down eligibility. Every program and its catch is on affordable homes in Colorado.

Are there HUD homes or foreclosures in Brighton?

HUD homes sell as-is at HUD's appraised price with a $100 down option on an FHA loan; Colorado has 26 this week and the list changes every Monday on Brighton HUD homes. Bank-owned and fixer listings are on Brighton foreclosures and Brighton fixer-uppers.

Is rent-to-own cheaper in Brighton?

No. A lease-option on a $360,000 home takes about $11,000 up front plus a rent premium, with no title until the end, where CHFA puts you on title now for about $1,000 at a 620 score. The side-by-side is on Brighton rent-to-own homes.