First-time buyers
Buying your first home in Denver
The programs that help with the down payment, how the purchase actually runs, and the costs people forget to plan for.
April 2026 · Buyer guide
Where to look
Where first houses actually get bought
Your first house is one of the biggest financial decisions you will make. Denver's neighborhoods differ sharply in character, in price, and in how they hold value over time, so it pays to know them before you start looking.
Denver has more entry points than people expect. The median home price sits around $620,000, but several neighborhoods sell well below that line. Montbello, Green Valley Ranch, Westwood, and parts of Aurora all have solid houses in the $350,000 to $500,000 range, in areas that have tended to hold and build value.
Step by step
How the purchase runs
- 01Get pre-approved with a reputable local lender.
- 02Work out what matters to you: location, size, condition, and budget.
- 03Tour houses with your agent and judge them on fit and long-term value.
- 04Make an offer that keeps your inspection and financing protections in place.
- 05Get the inspection and the appraisal done, and check anything they turn up.
- 06Close and move in.
The budget
The costs people forget
The purchase price is not the whole cost. Closing costs usually run 2 to 4% of the price, and then there are property taxes, homeowners insurance, and HOA dues where they apply. Set money aside for maintenance and the repairs you cannot see coming. Denver's older houses, especially in the historic neighborhoods, often need updates, and the right ones make a house both better to live in and worth more.
The best first home is not always the most exciting one. It is the one that fits your budget, builds equity, and sets up your next move.
FAQ
Questions people ask.
How much do I need for a down payment to buy a home in Denver?
Down payment requirements vary by loan type, lender, and your financial profile. A licensed mortgage professional can walk you through current options and what may apply to your specific situation.
What first-time home buyer programs are available in Colorado?
Colorado runs several assistance programs for first-time buyers. Your mortgage lender can identify which programs you may qualify for based on your income, credit, and purchase price.
What credit score do I need to buy a home in Denver?
Credit requirements vary by loan type and lender guidelines, which change regularly. A licensed mortgage professional can review your credit profile and help you understand your options.
How long does it take to buy a home in Denver?
From pre-approval to closing, most transactions take 30-60 days. Finding the right home can take anywhere from a few weeks to several months depending on your criteria and the current inventory.
Do I need a buyer's agent in Denver?
Yes, and it costs you nothing. In Colorado, the seller typically pays both agents' commissions. Having an experienced buyer's agent like Derrick gives you professional representation at no additional cost.
