Asked by Alexandraf, Denver, CO • Wed Feb 13, 2008
I was just about to put an offer on a house in metro Denver, about 2 miles from downtown..Then was told that because the row home is zone B2 that I would have to put 10% down on this house, which is priced under $200,000. I am a great buyer with outstanding credit. I will have no problem qualifying and have been told that the best option for me for a house under about $200,000 was to only put 5% down.
I would like to keep as much of my own cash as possible, even though I can afford to put down more.
The row home has two other row homes on either side of it, and both are occupied with residents. I would live in the row home, and I work downtown and would not work in the home (at least right now).
How does B2 zoning change my loan options, and how do you think the zoning will affect my potential re-sale in the future... aka, are buyers attracted to that zoning or do they dislike it?
Would a B2 zoning be a good idea for a first-time buyer?
Thanks for your help!
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