Earlier this week, we published 5 of the top cities in America for Millennials to reside and thrive. Over the next few weeks, we will examine each city further by looking at their respective real estate markets and with the help of local experts, look at one example of a starter home in each area.
We have enlisted the help of four Sotheby’s real estate professionals in each city, and asked them to choose one home that would fulfill the needs of a typical, young, working professional looking to live in a desired neighborhood, and priced somewhere between $425,000-$475,000.
Before debuting our first featured city and home, we asked Brittni Biren and Brett Baird with Citywide Home Loans, to help us demonstrate what a monthly mortgage payment could be for a home purchased for $450,000.
For this project, we chose a 3 bedroom, 2 bath single family home in the coveted Highlands neighborhood in Denver. Here is what a mortgage payment on this home would look like using an individual with a 720 FICO score.
Ready to purchase a home? Don’t forget to contact the McKenney Team!