Centennial · Median Home Value $600,000

Buying a Centennial Home? Your Financing Strategy Matters More Than Your Offer Price.

With a median home value of $600,000, Centennial rewards buyers who lead with financing certainty. Bobby Friel is a licensed mortgage broker who structures your loan to win, close on time, and save you money.

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Build Your Buying Strategy Check Your Affordability

🔒No Credit Impact for Pre-Approval✅FHA 3.5% Down · VA 0% Down · Conventional 5% Down🏦Multiple Lenders Compete for Your Loan⚡Pre-Approval in 24 Hours💰Bobby Finds Your Best Rate🏠Licensed Mortgage Broker + Real Estate Agent

Real Stories

Centennial Buyers Who Won With the Right Financing

🔄THE AURORA MOVE-UP

The Kims outgrew their 3-bedroom in Aurora and wanted Centennial for the schools. Bobby found them a 4-bedroom in Foxridge at $615K. They sold their Aurora home and used the equity for a 15% down payment. Conventional loan, strong rate at 740+ credit. Cherry Creek schools for their two kids.

💵 15% down from Aurora equity🏠 4-bed in Foxridge🏫 Cherry Creek schools✅ Room to grow

💔THE DIVORCE FRESH START

David received $150K from his divorce settlement and needed a fresh start. At 48, on a single income of $95K, he wanted to stay near his kids in Centennial. Bobby ran the numbers — $150K down on a $550K home in Southglenn, conventional at $400K, monthly payment of $2,650. Affordable on his income, close to the kids.

💵 $150K from settlement🏡 Fresh start in Southglenn💳 $2,650/month✅ Near the kids

Build Your Buying Strategy

These are illustrative examples based on typical Centennial scenarios. Actual terms depend on credit, income, and market conditions.

"Most buyers think the offer price wins the house. It doesn't. The certainty of your financing wins the house. When a listing agent sees a pre-approval from a broker who also holds a real estate license, they know the financing has been evaluated by someone who understands both sides."

Bobby Friel

CO Home Equity · Founder

Affordability Guide

What Can You Actually Afford in Centennial?

Neighborhood	Median Price	5% Down	10% Down	20% Down	Est. Monthly
Southglenn	$550K	$27,500	$55,000	$110,000	$3,300–$3,710
Walnut Hills	$650K	$32,500	$65,000	$130,000	$3,900–$4,390
Foxridge	$620K	$31,000	$62,000	$124,000	$3,720–$4,180
Piney Creek	$680K	$34,000	$68,000	$136,000	$4,080–$4,590

Monthly payments estimated at current rates including taxes and insurance. Your actual payment depends on credit score, loan type, and property taxes for your specific address.

Check Your Exact Affordability Build Your Buying Strategy

Loan Programs

Centennial Loan Programs — Which Fits Your Situation?

🏠

Conventional

5% down · Best rates at 740+

5% minimum down. Best rates for 740+ credit. No mortgage insurance at 20% down. Ideal for Centennial buyers with strong credit and savings.

🏛️

FHA

3.5% down · 580+ credit

3.5% down with 580+ credit. More flexible DTI limits (up to 50%). Ideal for first-time Centennial buyers who want to get in with minimal cash.

🎖️

VA (Veterans)

0% down · No MI

0% down for eligible veterans and active military. No mortgage insurance. The strongest loan program available if you qualify.

💎

Jumbo

Above conforming limit

For Centennial homes above the conforming loan limit. Bobby matches you with jumbo lenders who understand Colorado’s market.

Avoid These Pitfalls

5 Mistakes Centennial Buyers Make With Their Financing

Going to one bank for pre-approval

One bank, one rate, one set of terms. Bobby runs your profile across our entire lending network. Multiple lenders compete. The difference on a Centennial mortgage can be $150+/month — that’s $54,000 over 30 years.

Getting pre-qualified instead of pre-approved

Pre-qualification is a guess. Pre-approval is verified — income, assets, credit all confirmed. In Centennial’s market, sellers and listing agents know the difference. A pre-approval letter from a broker carries weight that a pre-qualification doesn’t.

Thinking you need 20% down

The average Colorado first-time buyer puts down 6–8%. FHA allows 3.5%. VA allows 0%. Don’t wait 5 years to save 20% while Centennial home values climb every year.

Not getting pre-approved BEFORE looking at homes

Your agent shows you homes at $650K. You fall in love. Then you find out you qualify for $575K. The heartbreak is avoidable — get pre-approved first, then look.

Not considering a HELOC on your current home for the down payment

If you already own a home, a HELOC can fund the down payment on your next home — letting you buy before you sell. No bridge loan. No contingent offer.

Build Your Buying Strategy

The Process

How Bobby Gets You Into the Right Centennial Home

🏠Tell Me What You’re Looking For

Fill out a short form with your basics — timeline, budget range, areas you’re interested in. I review everything personally.

📊I Build Your Buying Power Profile

Before our first conversation, I’ve already run your pre-approval numbers. I know what you qualify for, what your monthly payment looks like at different price points, and which loan type fits your situation.

🗺️Strategy Call — Not a Sales Pitch

A 15–30 minute video call where I walk you through your real buying power. Not just “you’re pre-approved for $X” — but what that means in practice across neighborhoods.

🏦I Match You With the Right Lender

One application. I run your profile across our lending network and bring you the best rate and terms. You never call a bank.

🔑One Team Through Closing

From pre-approval to keys in hand — mortgage coordinated with your real estate agent, insurance reviewed through our partner. No miscommunication between three separate professionals.

Your New Centennial Home Needs Proper Coverage Before Closing

Proof of homeowners insurance is required before any mortgage closes. Through Direct Insurance Services, we compare 30+ carriers so you're covered and not overpaying before your closing date.

Get Your Free Insurance Review →

Already Own a Centennial Home? More Ways We Can Help

🏠

Centennial HELOC

Access your Centennial equity without refinancing.

Learn More

🏔️

Centennial Reverse Mortgage

Age 55+? Access equity with no monthly payments.

Learn More

💔

Divorce & Real Estate

Going through a divorce? One team handles everything.

Get Help

🧮

Affordability Calculator

See what you can afford in Centennial.

Calculate

FAQ

Centennial Home Buying Questions — Answered

FHA requires 3.5% down — about $21,000 on a $600,000 home. Conventional starts at 5% ($30,000). Centennial offers a range of price points across its neighborhoods.

Yes. Centennial is in the Cherry Creek and Littleton school districts, both among the top in Colorado. Safe neighborhoods, parks, and easy access to the Denver Tech Center.

Yes. Southglenn at $550K and other Centennial neighborhoods fall within FHA limits. At 3.5% down, FHA is accessible for first-time Centennial buyers.

Conventional: 620+, best rates at 740+. FHA: 580+. Bobby runs your profile across multiple lenders to find the best match.

Typically 30–45 days from contract. Bobby has closed in as few as 21 days for buyers who need to move fast.

Arapahoe County property taxes run about 0.5–0.6% of assessed value. On a $600K home, expect $3,000–$3,600 per year.

Yes. Divorce settlements, property division proceeds, and equity buyout funds are all valid down payment sources. Bobby works with divorce attorneys regularly to coordinate financing timelines.

Yes — proof of homeowners insurance is required. Through Direct Insurance Services, we compare 30+ carriers to find the right coverage.

Centennial's Market Rewards Prepared Buyers. Let's Get You Prepared.

Pre-approval in 24 hours. Multiple lenders competing for your loan. One team from strategy call to keys in hand.

No credit impact to get started. No obligation.