Affordable Homes for Sale in Littleton, CO

Affordable homes in Littleton: the numbers this week

Cheap homes in Littleton are condos and townhomes: 93 percent of the 193 listings under $400,000 carry an HOA, median $377 a month, and that line decides the payment as much as the price does. 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 Littleton home is about $2,902 a month, which a lender approves at about $116,000 a year of income at 30 percent, or $77,000 at 45 percent. Under $300,000 it is a one- or two-bedroom condo of about 1,000 square feet. The first townhomes with a garage appear in the $300,000s, and a detached house under $400,000 is rare and sells in days.

How the price comes down in Littleton

• 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: Arapahoe and Jefferson counties are members; 0 percent second, no payments, 620 score.
• South Metro Housing Options: Littleton's housing authority owns income-restricted condos that resell below market.
• HUD homes at $100 down: Littleton HUD homes, when one is listed.
• Rent-to-own, priced honestly: Littleton rent-to-own homes and why assistance beats it.

Related Littleton searches

Littleton starter homes · Littleton condos · Littleton townhomes · Littleton 2-bedroom homes · Littleton 3-bedroom homes · Littleton fixer-uppers · Littleton foreclosures · Littleton homes that pass FHA · All Littleton homes for sale. Nearby: Englewood (68 under $400,000), Centennial (38 under $400,000), Lakewood (146 under $400,000), Denver. Statewide: affordable homes in Colorado, the Denver affordable homes guide.

Questions people ask about affordable homes in Littleton

Where are the cheapest homes for sale in Littleton?

In Columbine and Bow Mar South, Chatfield and Columbine Knolls and Ken Caryl Ranch and Dakota Ridge. ZIP 80123 alone holds 57 of the 193 Littleton homes under $400,000 this week, and the top three ZIPs hold 78 percent. The map above shows every one; the ZIP pages start with 80123.

What does $300,000 buy in Littleton today?

Under $300,000 it is a one- or two-bedroom condo of about 1,000 square feet. The first townhomes with a garage appear in the $300,000s, and a detached house under $400,000 is rare and sells in days. 69 Littleton homes are listed under $300,000 this week and 30 under $250,000.

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

About $2,902 on the $329,900 median with an FHA loan at 7 percent and 3.5 percent down: $2,118 principal and interest, $377 HOA, $151 taxes, $146 mortgage insurance, $110 insurance. A lender approves that payment at about $116,000 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 Littleton?

About $1,000 with CHFA assistance: the 3 percent grant covers the FHA down payment ($11,547 on the median), the seller pays closing costs through the offer, and the earnest money comes back at closing. Without assistance it is about $17,047. The worked example is on $1,000 cash to close; the rules on CHFA down payment assistance.

Which down payment programs work in Littleton?

CHFA statewide (620 score, income under $178,920, 3 percent grant or 4 percent second mortgage). metroDPA: Arapahoe and Jefferson counties are members; 0 percent second, no payments, 620 score. South Metro Housing Options: Littleton's housing authority owns income-restricted condos that resell below market. Every program and its catch is on affordable homes in Colorado.

Are there HUD homes or foreclosures in Littleton?

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

Is rent-to-own cheaper in Littleton?

No. A lease-option on a $330,000 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 Littleton rent-to-own homes.