If you are looking to move to Colorado, see First-time Homebuyer Guide for Colorado. Each state is different when it comes to housing trends, taxes, and the strength of the local economy, among other variables, which means it pays to consider multiple factors before deciding whether or not to purchase property.
New American Funding has put together a list of major aspects influencing home buying in Colorado so you know everything you need to prior to getting a mortgage. Our Colorado mortgage calculator can give you a clear picture of just how much home you can afford in Colorado, so make sure you take advantage of this extremely helpful feature. Also, see FHA Loan in Colorado for details and requirements for a home in the state.
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As of December 2019, the civilian labor force in Colorado was 3.1 million and the unemployment rate was 2.5%. The occupations with the highest number of employees in the state are Office and Administrative Support, Sales, and Food Preparation and Serving, which employs greater than 908,000 people.
