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AFFORDABLE HOMES FOR SALE IN Colorado

Find affordable homes

for sale in Colorado.

Finding an affordable home in Colorado starts with knowing what fits your budget. With a SoFi Verified Preapproval Letter1, you can explore cheap homes for sale across the state with a clearer price range in mind. Plus, you could score $350 to $9,500 cash back2 when you seal the deal on your home purchase or sale with SoFi and a HomeStory real estate agent.

View your rate View affordable homes

NEW! Getting preapproved is now a soft inquiry, meaning it won’t affect your credit score.†

Disclaimer: HomeStory is a digital real estate company that connects homebuyers with agents and lending solutions. The HomeStory Rewards program is offered and operated solely by HomeStory Real Estate Services, a licensed real estate broker. HomeStory is not affiliated with SoFi Bank, N.A., and SoFi is not responsible for the program. Using HomeStory Rewards does not require financing through SoFi, and HomeStory’s privacy and security policies may differ from SoFi's.

Here’s how to search affordable homes
in Colorado.

Help us understand your needs.

Just answer a few quick questions online to get started. You can also apply online or call us at (888) 541-0398 for a complimentary mortgage consultation.

Get partnered with a dedicated MLO.

You'll be connected with an experienced SoFi Mortgage Loan Officer (MLO) who can help you find a mortgage that suits your needs and guide you through the process.

Submit your application online.

Submit your mortgage application with help from your MLO, and start your affordable home search with a Verified Preapproval Letter to stand out among the competition.

Connect with a real estate agent.

Once you're approved, we'll match you with a qualified HomeStory real estate agent in Colorado. And at closing, you could get a portion of the agent’s commission back as a reward—from $350 to $9,500 in cash back.2

View your rate

NEW! Getting preapproved is now a soft inquiry, meaning it won’t affect your credit score.†

Search affordable homes for sale in Colorado.

Your dream affordable home is out there. Ready to find it? Start your search with the latest listings of affordable homes in Colorado.

Listings displayed provided by HomeStory Real Estate Services, Inc.

View affordable homes

Preparing to buy an affordable home in Colorado?

Before putting in an offer, a little preparation can make the home-buying experience more manageable. Consider these key steps:

Set a realistic budget based on monthly payments you’re comfortable managing.
Home Affordability Calculator

Review your credit score, as it can affect loan options and interest rates.
Understand how credit works before buying

Understand your mortgage choices, including loan terms and down payment requirements.
Types of mortgage loans

Figure out how much money you need to put down to qualify for a mortgage loan.
Down payment for an average home

Your debit-to-income ratio is a good indicator of how much home you can afford.
Why DTI matters

Learn which forms are required for a mortgage loan application.
Required mortgage loan documents

View your rate

NEW! Getting preapproved is now a soft inquiry, meaning it won’t affect your credit score.†

SoFi Mortgage Preapproval

Why choose SoFi for your mortgage preapproval?

  • Simple and online

    Skip the bank visit and enjoy a seamless online experience, all from the comfort of your own home.

  • Quick and easy preapproval

    Get your Verified Preapproval Letter quickly, so you can shop for cheap homes knowing your exact approved amount.

  • Convenient access anytime

    Access, customize, and download your Verified Preapproval Letter online whenever you need it.

  • Faster mortgage processing

    SoFi Mortgage Loans close faster than the industry average.3

View your rate

NEW! Getting preapproved is now a soft inquiry, meaning it won’t affect your credit score.†

Preapproval vs. prequalification.

Prequalification is a preliminary step based on self-reported information, giving you a general estimate of what you can borrow. Preapproval is a more thorough process where we verify your finances to give you a Verified Preapproval Letter, showing sellers you're a serious buyer. See the chart below for a further comparison.

Preapproval vs prequalification

Preapproval vs prequalification

View your rate

NEW! Getting preapproved is now a soft inquiry, meaning it won’t affect your credit score.†

Why choose SoFi for an affordable home mortgage?

View your rate

NEW! Getting preapproved is now a soft inquiry, meaning it won’t affect your credit score.†

Get preapproved without impacting your credit score.†

Start the preapproval process with a soft credit inquiry to get a sense for your borrowing power without affecting your credit score.

Enjoy a streamlined mortgage experience.

We offer an online-first mortgage experience designed to keep the process simple, clear, and easy to manage from start to finish.

Close on time—guaranteed.

With our On-Time Close Guarantee offer3, you can move forward knowing your closing timeline is backed by $10,000.

Get cash back on your home purchase.

When you buy or sell a home with a participating HomeStory real estate agent, you may be eligible to earn $350-$9,500 cash back after closing.2

View your rate

NEW! Getting preapproved is now a soft inquiry, meaning it won’t affect your credit score.†

Get preapproved with SoFi before you start house hunting.

Getting preapproved can help you shop with confidence in Colorado. The process typically includes:


  • Sharing a few financial details through a quick online application.

    In our easy online application, we'll ask for a few details about your income, employment, assets (like bank and investment accounts), and debts.

  • Uploading documents to verify your information.

    You'll need to submit financial documents, which may include recent pay stubs, W-2s, tax returns, and bank statements, so we can verify your information.

  • Complete application review and credit check.

    We'll review your submitted information and documents with a soft credit inquiry, which won't affect your credit score.†

  • Get preapproved and receive a Verified Preapproval Letter.1

    If you're approved, you'll get a Verified Preapproval Letter that confirms your loan amount. This may give you an advantage when making an offer on a home.

    • View your rate

    NEW! Getting preapproved is now a soft inquiry, meaning it won’t affect your credit score.†

SoFi Mortgage Preapproval Letter

Current mortgage rates by state.

Mortgage rates can vary by state due to factors like local regulations, lender competition, and average loan amounts. To view current mortgage rates, select your state.


To see how current rates compare, please select a state:

Learn more about getting preapproved for a mortgage.

How to Qualify for a Mortgage

The Mortgage Loan Process Explained in 9 Steps

What to Know About Getting Preapproved for a Home Loan

How to Qualify for a Mortgage

The Mortgage Loan Process Explained in 9 Steps

What to Know About Getting Preapproved for a Home Loan

FAQs

No, a mortgage preapproval with SoFi requires only a soft inquiry.
Your SoFi Verified Preapproval Letter is valid for 90 days.
You’ll typically be asked for two years of residency history, two years of employment history, and income and credit documents (paystubs, W-2s, property documentation, etc.)
To be preapproved for a SoFi home mortgage, you’re required to have a minimum credit score of 600. Unsure of your credit score? Check it now.
The ideal time to get preapproved for a home loan is right before you begin your home search. This lets you know exactly how much you can afford and demonstrates to a seller you can be approved for a mortgage.
Due diligence involves thorough inspections (general home, pest, chimney, roof, etc.), reviewing all disclosure documents (seller disclosures, natural hazard reports, HOA documents), and researching the neighborhood and property history. This is vital to identify any potential issues before finalizing the purchase.
HomeStory Rewards connects SoFi customers with experienced, local real estate agents in the HomeStory network. Customers who use a HomeStory agent to buy and/or sell a home are eligible for a post-closing reward of $350 - $9,500, paid by HomeStory, on each transaction (purchase of a home and/or the sale of a home). HomeStory, a real estate brokerage, manages the national network of real estate agents.
Once you have a SoFi mortgage preapproval letter, you’re ready to start home shopping! With your letter in hand, you can begin looking at affordable properties in your preapproved price range. Even better, when you close on your home with SoFi, you'll receive between $350 to $9,500 cash back as a reward for your purchase or sale.
No. However, it does indicate a lender reviewed your financial information and determined you’ll likely be approved for a mortgage loan for a specific amount.
Because preapproval requires a deeper dive into your financials, a preapproval is generally better when you’re shopping for a new home. However, prequalification is a great starting point if you’re just starting to consider buying a new home.
Yes, you can use your preapproval for various properties. A preapproval isn’t limited to a single property.
To speak with a SoFi mortgage loan officer, call 833-408-7634.
Closing costs typically range from 2-5% of the loan amount (not the purchase price) and include various fees such as lender fees, title insurance, escrow fees, appraisal fees, and recording fees. Buyers also often prepay property taxes and insurance.
It's crucial. A local real estate agent provides invaluable insights into specific neighborhoods, market nuances, pricing strategies, and navigating competitive offers. They can also connect you with trusted local lenders, inspectors, and other professionals.
HomeStory will issue the reward using the payment option you select and will be sent to the client enrolled in the program within 45 days of HomeStory Real Estate Services receipt of settlement statements and any other documentation reasonably required to calculate the applicable reward amount. Real estate agent fees and commissions still apply.
Mortgage preapprovals are usually valid for about 90 days. After that period, lenders may request updated financial information.

See more FAQs

†To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumerreporting agencies, which is considered a hard credit pull and may affect your credit.

Terms and conditions apply. Before you apply for a SoFi Mortgage, please note that not all products are offered in all states, and all loans are subject to eligibility restrictions and limitations, including requirements related to loan applicant’s credit, income, property, and loan amount. Minimum loan amount is $75,000. Lowest rates are reserved for the most creditworthy borrowers. Products, rates, benefits, terms, and conditions are subject to change without notice. Learn more at SoFi.com/eligibility-criteria. Information current as of 10/11/26.

SoFi Mortgages originated through SoFi Bank, N.A., NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org). Equal Housing Lender.

1Verified Preapproval Letter: Terms apply. See conditional preapproval letter for details. Not a final loan approval and not a commitment to lend. HL25-2712400-C

2$350 to $9,500 cash back: HomeStory Rewards is offered by HomeStory Real Estate Services, a licensed real estate broker. HomeStory Real Estate Services is not affiliated with SoFi Bank, N.A. (SoFi). SoFi is not responsible for the program provided by HomeStory Real Estate Services. Obtaining a mortgage from SoFi is optional and not required to participate in the program offered by HomeStory Real Estate Services. The borrower may arrange for financing with any lender. Rebate amount based on home sale price, see table for details.

Qualifying for the reward requires using a real estate agent that participates in HomeStory’s broker to broker agreement to complete the real estate buy and/or sell transaction. You retain the right to negotiate buyer and or seller representation agreements. Upon successful close of the transaction, the Real Estate Agent pays a fee to HomeStory Real Estate Services. All Agents have been independently vetted by HomeStory to meet performance expectations required to participate in the program. If you are currently working with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. A reduced agent commission may be available for sellers in lieu of the reward in Mississippi, New Jersey, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. A commission credit may be available for buyers in lieu of the reward in New Jersey and must be discussed with the agent upon enrollment and included in a Buyer Agency Agreement with Rebate Provision. Rewards in Kansas and Tennessee are required to be delivered by gift card.

HomeStory will issue the reward using the payment option you select and will be sent to the client enrolled in the program within 45 days of HomeStory Real Estate Services receipt of settlement statements and any other documentation reasonably required to calculate the applicable reward amount. Real estate agent fees and commissions still apply. Short sale transactions do not qualify for the reward. Depending on state regulations highlighted above, reward amount is based on sale price of the home purchased and/or sold and cannot exceed $9,500 per buy or sell transaction. Employer-sponsored relocations may preclude participation in the reward program offering. SoFi is not responsible for the reward.

SoFi Bank, N.A. (NMLS #696891) does not perform any activity that is or could be construed as unlicensed real estate activity, and SoFi is not licensed as a real estate broker. Agents of SoFi are not authorized to perform real estate activity.

If your property is currently listed with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®.

Reward is valid for 18 months from date of enrollment. After 18 months, you must re-enroll to be eligible for a reward.

SoFi loans subject to credit approval. Offer subject to change or cancellation without notice.

The trademarks, logos and names of other companies, products and services are the property of their respective owners.

3SoFi closes home loans faster than mortgage industry average: Industry average is based on Curinos competitive market data from October 2025 to December 2025.

4SoFi On-Time Close Guarantee: If all conditions of the Guarantee are met, and your loan does not close on or before the closing date on your purchase contract accepted by SoFi, and the delay is due to SoFi, SoFi will give you a credit toward closing costs or additional expenses caused by the delay in closing of up to $10,000.* The following terms and conditions apply. This Guarantee is available only for loan applications submitted after 04/01/2024. Please discuss terms of this Guarantee with your loan officer. The mortgage must be a purchase transaction that is approved and funded by SoFi. This Guarantee does not apply to loans to purchase bank-owned properties or short-sale transactions. To qualify for the Guarantee, you must: (1) Sign up for access to SoFi’s online portal and upload all requested documents, (2) Submit documents requested by SoFi within 5 business days of the initial request and all additional doc requests within 2 business days (3) Submit an executed purchase contract on an eligible property with the closing date at least 25 calendar days from the receipt of executed Intent to Proceed and receipt of credit card deposit for an appraisal (30 days for VA loans; 40 days for Jumbo loans), (4) Lock your loan rate and satisfy all loan requirements and conditions at least 5 business days prior to your closing date as confirmed with your loan officer, and (5) Pay for and schedule an appraisal within 48 hours of the appraiser first contacting you by phone or email. This Guarantee will not be paid if any delays to closing are attributable to: a) the borrower(s), a third party, the seller or any other factors outside of SoFi control; b) if the information provided by the borrower(s) on the loan application could not be verified or was inaccurate or insufficient; c) attempting to fulfill federal/state regulatory requirements and/or agency guidelines; d) or the closing date is missed due to acts of God outside the control of SoFi. SoFi may change or terminate this offer at any time without notice to you. *To redeem the Guarantee if conditions met, see documentation provided by loan officer.

Screen images simulated. For illustrative purposes only.

©2025 SoFi Technologies, Inc. All rights reserved. HL25-2712400