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Affordable Homes for Sale in Parker, CO

Home
Affordable Homes For Sale In Parker, CO

Cheap homes for sale in Parker: every affordable house, condo and townhome under $400,000 in the MLS, updated daily. Each tile shows the HOA. Under the listings: the Parker ZIP codes with the most affordable homes, live counts by price, the credit score each program needs, and the programs that bring your cash to about $1,000.

Call or text 303-955-4220. A live person answers. Showings seven days a week. Affordable homes across Colorado

60 Properties Found
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Parker affordable homes: market snapshot, updated daily

60
Homes Listed
101
Avg. Days on Site
$288
Avg. $ / Sq.Ft.
$332,851
Med. List Price

Affordable homes in Parker: live numbers

Cheap homes in Parker are condos and townhomes, and nearly every one under $400,000 carries an HOA. Many also sit in a metro district, which adds a tax levy on top of the HOA. The grid above is every affordable home for sale in Parker under $400,000, updated from the MLS through the day. The tables below fill live from the same feed when you open this page.

Live counts of Parker homes for sale by type and by price load here from the MLS when you open this page. The full market numbers are on Parker real estate statistics.

Where the affordable homes in Parker are and what they buy

In Stroh Ranch, Cottonwood and Pine Lane (80134), where most of the under-$400,000 condos and townhomes sit, and in east Parker and Canterberry (80138). Under $300,000 it is a one- or two-bedroom condo. The first townhomes with a garage appear in the $300,000s, and a detached house under $400,000 is rare and sells in days.

Before you call a lender: the credit score that decides your program

  • 620 or higher: CHFA and metroDPA down payment assistance are open, and your cash to close can come down to about $1,000. How CHFA works.
  • 580 to 619: an FHA loan works when you have your own 3.5 percent down payment and closing money saved.
  • Under 580: start with a credit plan, not a lender call. We set one up with you and check back when the score is ready.
  • Have these ready: your exact credit score, your income, the money you have for closing, and the same for a co-buyer.

Then the order that gets you into a home:

  1. Step 1

    Know your score

    620 or higher for assistance; 580 to 619 with your own down payment.

  2. Step 2

    Get pre-approved

    Income, savings and score checked before you tour.

  3. Step 3

    Pick the program

    CHFA, metroDPA or a city program; the grant covers the down payment.

  4. Step 4

    Tour the grid

    Showings seven days a week; we check the HOA and the condo approval first.

  5. Step 5

    Write the offer

    Ask the seller to pay closing costs, so your cash stays near $1,000.

How the price comes down in Parker

  • CHFA assistance: 3 percent grant or 4 percent second mortgage, 620 score, income limits set by county, repeat buyers welcome. The program and the $1,000 cash-to-close math.
  • metroDPA: Douglas County is a member.
  • Metro districts: most Parker townhomes carry a district levy on top of the HOA; ask us for the district's mill levy on any home you like.
  • HUD homes at $100 down: Parker HUD homes, when one is listed.
  • Rent-to-own, priced honestly: Parker rent-to-own homes and why assistance beats it.

What to watch out for on cheap homes in Parker

  • The HOA line, not the price. A $300,000 Parker condo with high dues can cost more a month than a $350,000 townhome with low dues. Put the dues into the Colorado mortgage calculator before you tour, and read what the dues cover on HOA fees in Colorado.
  • Special assessments and HOA reserves. Ask for the HOA budget, the reserve study and the meeting minutes before the inspection deadline. A roof or siding assessment can land on the buyer after closing; how to check for a special assessment.
  • FHA and VA condo approval. An FHA or VA loan on a condo needs the complex to be approved for that loan, or an FHA single-unit approval. Ask us to check the complex before you write an offer, not after.
  • Metro district taxes. Newer Parker townhomes sit in metro districts that add a mill levy to the property tax bill, separate from the HOA. Ask for the last tax bill on every home; how metro districts change the payment.
  • Radon. About half of Colorado homes test above the EPA action level for radon. Test during the inspection period and ask the seller to pay for mitigation; radon testing and mitigation.
  • Rent-to-own contracts. A lease-option fee is lost if you do not buy at the end. Check CHFA assistance first on Parker rent-to-own homes.

Next steps for affordable homes in Parker

Related Parker searches

Parker starter homes · Parker condos · Parker townhomes · Parker 3-bedroom homes · Parker fixer-uppers · Parker foreclosures · Parker homes that pass FHA · All Parker homes for sale. Nearby: Castle Rock, Centennial, Aurora, Lone Tree. Statewide: affordable homes in Colorado, the Denver affordable homes guide.

Questions people ask about affordable homes in Parker

Where are the cheapest homes for sale in Parker?

In Stroh Ranch, Cottonwood and Pine Lane (80134), where most of the under-$400,000 condos and townhomes sit, and in east Parker and Canterberry (80138). The map and the grid above show every one live from the MLS; the ZIP pages start with 80134, 80138.

What does $300,000 buy in Parker today?

Under $300,000 it is a one- or two-bedroom condo. The first townhomes with a garage appear in the $300,000s, and a detached house under $400,000 is rare and sells in days. Sort the grid above by price to see what is listed today, and Parker real estate statistics for the live median and price per square foot.

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

The payment has five lines: principal and interest, HOA dues, property taxes, FHA mortgage insurance and homeowners insurance. In a metro district, add the district levy to the tax line; the last tax bill on the listing shows it. Enter the list price and the HOA from the tile into the Colorado mortgage calculator, with today's rate from Colorado mortgage rates.

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

About $1,000 with CHFA assistance at a 620 score: the 3 percent grant covers the FHA 3.5 percent down payment, the seller pays closing costs through the offer, and the earnest money comes back at closing. Without assistance, bring the 3.5 percent down payment plus closing costs. The worked example is on $1,000 cash to close; the rules on CHFA down payment assistance.

What credit score do I need to buy an affordable home in Parker?

620 or higher opens CHFA and metroDPA down payment assistance. From 580 to 619, an FHA loan works when you have your own down payment and closing money saved. Under 580, start with a credit plan before any lender call; we set one up with you. Have your exact score, your income and your savings ready when you call 303-955-4220.

Which down payment programs work in Parker?

CHFA assistance: 3 percent grant or 4 percent second mortgage, 620 score, income limits set by county, repeat buyers welcome. metroDPA: Douglas County is a member. Metro districts: most Parker townhomes carry a district levy on top of the HOA; ask us for the district's mill levy on any home you like. Every program and its catch is on affordable homes in Colorado.

Are there HUD homes or foreclosures in Parker?

HUD homes sell as-is at HUD's appraised price with a $100 down option on an FHA loan, and the list changes every week on Parker HUD homes. Bank-owned and fixer listings are on Parker foreclosures and Parker fixer-uppers.

Is rent-to-own cheaper in Parker?

No. A lease-option takes an option fee of several thousand dollars up front plus a rent premium, with no title until the end. CHFA assistance puts you on title now for about $1,000 at a 620 score. The side-by-side is on Parker rent-to-own homes.

What should I watch out for when buying a cheap home in Parker?

The HOA dues and any special assessment, FHA approval on condos, metro district taxes, and radon. The full list is in the watch-outs section above.

The cheapest Parker listings the morning they post

Text PARKER and your top price to 303-955-4220. A live person answers, sets up the under-$400,000 search with the HOA shown on every tile, and runs the CHFA numbers the same day. Showings seven days a week.

Call or text 303-955-4220 Affordable homes across Colorado

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