10 G.J. Down Payments You Can Afford with Win Cash Grand Prize

Are you in the market for a new house? It's a seller's market right now in Colorado, but with the Win Cash grand prize of $10,000, you could afford to make the down payment on these Grand Junction homes.

Imagine winning the Win Cash grand prize and having enough to make a hefty down payment on a house. This is very much a possibility.

If you've ever purchased a home, you're already aware of what a joy it can be coming up with the money for a down payment. How much do you need for a modest home in Colorado? According to the Denver Post, Metro Denver leans toward the more expensive end of the spectrum with a median down payment of 14%. Please keep in mind, that's for property in Metro Denver, most priced well into the 400K range.

On the other hand, according to the Denver Post, borrowers with a credit score of 560 or higher can obtain a Federal Housing Administration loan with a down payment as low as 3.5%. At that rate, though, you will have to come up with a little extra for mortgage insurance and a few extra costs.

Don't let the market get you down. There are houses in Grand Junction within reach. To top it off, right now, you have a chance to win up to $10,000 with Win Cash. Listen for the code words, ten each day, and enter for a chance to win cash, and maybe even the grand prize. This may very well be a match made in heaven.

Here are ten Grand Junction homes on the market as of Monday, October 5, 2020, estimated down payments coming in under $10,000.