Affordable Homes for Sale in Greeley, CO

Affordable homes in Greeley: the numbers this week

Cheap homes in Greeley split between condos with dues and small houses without: 46 percent of the 147 listings under $400,000 carry an HOA, median $320 a month, so the same price buys two different payments. 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 Greeley home is about $2,627 a month, which a lender approves at about $105,000 a year of income at 30 percent, or $70,000 at 45 percent. 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 1,394 square feet at the median.

How the price comes down in Greeley

• 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.
• Weld County and Greeley programs: the city's homebuyer assistance fund and Weld Housing stack with CHFA; limits change each year, we confirm the current one.
• USDA: Evans, Milliken and the county edges are USDA-eligible for zero down.
• HUD homes at $100 down: Greeley HUD homes, when one is listed.
• Rent-to-own, priced honestly: Greeley rent-to-own homes and why assistance beats it.

Related Greeley searches

Greeley starter homes · Greeley condos · Greeley townhomes · Greeley 2-bedroom homes · Greeley 3-bedroom homes · Greeley fixer-uppers · Greeley foreclosures · Greeley homes that pass FHA · All Greeley homes for sale. Nearby: Evans (46 under $400,000), Loveland (83 under $400,000), Fort Collins (168 under $400,000), Windsor (17 under $400,000). Statewide: affordable homes in Colorado, the Denver affordable homes guide.

Questions people ask about affordable homes in Greeley

Where are the cheapest homes for sale in Greeley?

In west Greeley and Boomerang Ranch and central and east Greeley by UNC. ZIP 80634 alone holds 82 of the 147 Greeley 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 80634.

What does $300,000 buy in Greeley 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 1,394 square feet at the median. 44 Greeley homes are listed under $300,000 this week and 20 under $250,000.

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

About $2,627 on the $345,000 median with an FHA loan at 7 percent and 3.5 percent down: $2,215 principal and interest, $144 taxes, $153 mortgage insurance, $115 insurance. A lender approves that payment at about $105,000 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 Greeley?

About $1,000 with CHFA assistance: the 3 percent grant covers the FHA down payment ($12,075 on the median), the seller pays closing costs through the offer, and the earnest money comes back at closing. Without assistance it is about $17,575. The worked example is on $1,000 cash to close; the rules on CHFA down payment assistance.

Which down payment programs work in Greeley?

CHFA statewide (620 score, income under $178,920, 3 percent grant or 4 percent second mortgage). Weld County and Greeley programs: the city's homebuyer assistance fund and Weld Housing stack with CHFA; limits change each year, we confirm the current one. USDA: Evans, Milliken and the county edges are USDA-eligible for zero down. Every program and its catch is on affordable homes in Colorado.

Are there HUD homes or foreclosures in Greeley?

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

Is rent-to-own cheaper in Greeley?

No. A lease-option on a $350,000 home takes about $10,000 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 Greeley rent-to-own homes.