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Old 09-27-2017, 02:07 PM
 
5 posts, read 3,864 times
Reputation: 10

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I finished my move to Colorado last week (VA to CO - not the most fun of road trips) and am starting to scout around for good areas.
I think I would now revise my original areas as some areas were not so great. The red areas did not seem so great when I drove through them, and the ones at the bottom are too expensive:
"Wheat Ridge/Edgewater.
Westminster/Federal Heights.
Arvada.
Highland.
Wash Park/Platt Park/Cap Hill/Downtown"

Quote:
Originally Posted by 2bindenver View Post
US income?
Yes, my husband has a job in another country, and he is planning on having a conconcurrent job in the US.
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Old 09-27-2017, 06:19 PM
 
Location: Denver CO
20,957 posts, read 11,615,689 times
Reputation: 31803
Check with this poster from the Real Estate forum, they may be able to help you out or at least point you in the right direction in terms of a loan.

Quote:
Originally Posted by SmartMoney View Post
My organization specializes in lending to non US Citizens. There are many moving pieces to your scenario and I will try to break it down for you.

1). Residency status- you must be in the US legally, no exceptions. Most lenders that handle Foreign National or International Relocation buyers are limited to specific VISAs. Green card = US Citizen. What country of origin for the VISA is important. OFAC will come into play, especially if any assets are outside of the country.

2). Did the lender get an approval via computer (AUS)? DU and LP are two of the automated systems. If yes, you can go with several major banks and local portfolio lenders. What does the approval say about number of years on the job? That will tell you if you need two years (for the majority of eligible lenders) or if you can go buy now.

3). Have you established a credit history in the US? Do you have a credit score? An automated approval requires a score and most lenders require that automated approval. Without the score and the automated approval, you are then limited to portfolio lenders. But a loan is still available.

4). Can one tax return for 12 months be available? How many more months in business beyond that tax return? It sounds like you have the time in, jut not the returns. Can you get a statement from an accountant stating he's reviewed your books and they are in line with the p&l you provided the lender? (Need not be an audited return).

Chances are you can buy now..... depending upon where you VISA is from. And it may not be necessary to put 40% down. But your borrowing field is limited.
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Old 09-28-2017, 08:08 AM
 
Location: Frederick, CO
389 posts, read 277,672 times
Reputation: 389
Quote:
Originally Posted by JOSH9742 View Post
I finished my move to Colorado last week (VA to CO - not the most fun of road trips) and am starting to scout around for good areas.
I think I would now revise my original areas as some areas were not so great. The red areas did not seem so great when I drove through them, and the ones at the bottom are too expensive:
"Wheat Ridge/Edgewater.
Westminster/Federal Heights.
Arvada.
Highland.
Wash Park/Platt Park/Cap Hill/Downtown"


Yes, my husband has a job in another country, and he is planning on having a conconcurrent job in the US.
I would agree on Federal Heights not being so stellar. Edgewater is one of those areas that is in transformation, many of the other neighborhoods around Sloan's Lake now have million dollar houses, Edgewater will catch up.

And yes the downtown areas are pricier. I would include Highland in this category as well. There are still affordable areas a little further out from the city center but they are like Edgewater and are slowly improving.

Arvada is a nice town but you might want to read up on Rocky Flats and if that bothers you steer clear of West side of Arvada.

Dependant on the neighborhood, Westminster still has some affordable areas with easy access to the interstates.

I would also look at Thornton, Northglenn, Brighton just to see what you think.
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Old 09-28-2017, 08:27 AM
 
Location: Washington Park, Denver
6,902 posts, read 6,494,653 times
Reputation: 7353
Quote:
Originally Posted by JOSH9742 View Post
I finished my move to Colorado last week (VA to CO - not the most fun of road trips) and am starting to scout around for good areas.
I think I would now revise my original areas as some areas were not so great. The red areas did not seem so great when I drove through them, and the ones at the bottom are too expensive:
"Wheat Ridge/Edgewater.
Westminster/Federal Heights.
Arvada.
Highland.
Wash Park/Platt Park/Cap Hill/Downtown"


Yes, my husband has a job in another country, and he is planning on having a conconcurrent job in the US.
Highland is priced similar to Wash Park. If Platt Park is affordable, then look at West Wash Park and Baker. Also look at Berkeley. It is in a better location for you.
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Old 09-28-2017, 10:24 PM
 
Location: Foot of the Rockies
86,876 posts, read 102,269,915 times
Reputation: 32945
Quote:
Originally Posted by NorthDenverGirl View Post
I would agree on Federal Heights not being so stellar. Edgewater is one of those areas that is in transformation, many of the other neighborhoods around Sloan's Lake now have million dollar houses, Edgewater will catch up.

And yes the downtown areas are pricier. I would include Highland in this category as well. There are still affordable areas a little further out from the city center but they are like Edgewater and are slowly improving.

Arvada is a nice town but you might want to read up on Rocky Flats and if that bothers you steer clear of West side of Arvada.

Dependant on the neighborhood, Westminster still has some affordable areas with easy access to the interstates.

I would also look at Thornton, Northglenn, Brighton just to see what you think.
Edgewater has to do a lot of transforming. Some of those houses need a ton of work, even if someone is willing to pay a lot of money for them. Some are just dumps, ditto. Rocky Flats is a red herring, IMO. I do not get the push for Brighton in this thread. It's relatively far from Westminster.
https://www.zillow.com/edgewater-co/
https://www.colorado.gov/pacific/sit...erspective.pdf
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Old 09-29-2017, 03:31 PM
 
538 posts, read 254,101 times
Reputation: 399
$300K budget is low
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Old 10-09-2017, 12:32 PM
 
19 posts, read 11,058 times
Reputation: 18
Check out Bradburn Village in Westminster. It is an amazing new-urbanist community on the Broomfield line. You won't find a single-family home at that price, but I think there are some townhouses available around that #.

We love living here.
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Old 10-10-2017, 08:00 PM
 
5 posts, read 3,864 times
Reputation: 10
I actually visited Bradburn while touring Westminster for work the other day - it reminds me of Virginia with all the brick and maple trees.
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