Affordable Homes for Sale in Golden, CO

Affordable homes in Golden: the numbers this week

The cheapest Golden listings are two markets in one: 51 percent are manufactured homes in parks on leased land (a chattel loan plus lot rent, not a mortgage), and the rest are condos and small houses with a deed. The grid shows both; the tiles say which. The grid above is every one of them, updated daily; the charts below show where they are, what they cost a month and which programs bring the cash to about $1,000.

The full payment on the median affordable Golden home is about $1,444 a month, which a lender approves at about $58,000 a year of income at 30 percent, or $39,000 at 45 percent. Under $150,000 it is a manufactured home in a park, where the lot rent of $800 to $1,200 a month replaces an HOA and the loan is a chattel loan at a higher rate. $250,000 to $400,000 buys a deeded condo or a small house.

How the price comes down in Golden

• CHFA assistance: 3 percent grant or 4 percent second mortgage, 620 score, income under $178,920, repeat buyers welcome. The program and the $1,000 cash-to-close math.
• metroDPA: Jefferson County is a member.
• Manufactured homes in parks: the cheapest Golden listings sit on leased land in parks along Highway 93; they take a chattel loan, not a mortgage, and the lot rent is the HOA.
• HUD homes at $100 down: Golden HUD homes, when one is listed.
• Rent-to-own, priced honestly: Golden rent-to-own homes and why assistance beats it.

Related Golden searches

Golden starter homes · Golden condos · Golden townhomes · Golden 2-bedroom homes · Golden 3-bedroom homes · Golden fixer-uppers · Golden foreclosures · Golden homes that pass FHA · All Golden homes for sale. Nearby: Lakewood (146 under $400,000), Arvada (85 under $400,000), Wheat Ridge (20 under $400,000), Denver. Statewide: affordable homes in Colorado, the Denver affordable homes guide.

Questions people ask about affordable homes in Golden

Where are the cheapest homes for sale in Golden?

In Golden proper and Pleasant View and north Golden and Coal Creek Canyon. ZIP 80401 alone holds 33 of the 41 Golden homes under $400,000 this week, and the top three ZIPs hold 100 percent. The map above shows every one; the ZIP pages start with 80401.

What does $300,000 buy in Golden today?

Under $150,000 it is a manufactured home in a park, where the lot rent of $800 to $1,200 a month replaces an HOA and the loan is a chattel loan at a higher rate. $250,000 to $400,000 buys a deeded condo or a small house. 34 Golden homes are listed under $300,000 this week and 29 under $250,000.

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

About $1,444 on the $119,900 median with an FHA loan at 7 percent and 3.5 percent down: $770 principal and interest, $531 HOA, $50 taxes, $53 mortgage insurance, $40 insurance. A lender approves that payment at about $58,000 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 Golden?

About $1,000 with CHFA assistance: the 3 percent grant covers the FHA down payment ($4,197 on the median), the seller pays closing costs through the offer, and the earnest money comes back at closing. Without assistance it is about $9,697. The worked example is on $1,000 cash to close; the rules on CHFA down payment assistance.

Which down payment programs work in Golden?

CHFA statewide (620 score, income under $178,920, 3 percent grant or 4 percent second mortgage). metroDPA: Jefferson County is a member. Manufactured homes in parks: the cheapest Golden listings sit on leased land in parks along Highway 93; they take a chattel loan, not a mortgage, and the lot rent is the HOA. Every program and its catch is on affordable homes in Colorado.

Are there HUD homes or foreclosures in Golden?

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 Golden HUD homes. Bank-owned and fixer listings are on Golden foreclosures and Golden fixer-uppers.

Is rent-to-own cheaper in Golden?

No. A lease-option on a $120,000 home takes about $4,000 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 Golden rent-to-own homes.