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Is there something I'm missing? "To qualify for a 30-year mortgage on a home at metro Denver’s median price, assuming a 20 percent down payment and an interest
by Rewqtr133 9y ago
Is there something I'm missing?
"To qualify for a 30-year mortgage on a home at metro Denver’s median price, assuming a 20 percent down payment and an interest rate of 4.04 percent, a borrower needed income of $79,181, HSH.com calculates."
"The most recent U.S. Census Bureau estimate the median family income in metro Denver is running just above $80,000, said Keith Gumbinger, a vice president with HSH.com."
Someone making median income can afford a median home? That sounds pretty reasonable to me...