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Denver among top cities for millennial homebuyers, report says

One report says almost half of all mortgage requests in Denver came from people younger than 35.

DENVER — If mortgage requests are any indication, the Denver metropolitan area is among the most popular regions in the United States for millennial homebuyers.

According to a LendingTree report, between Jan. 1 and Nov. 25 nearly half of all new purchase mortgage requests from the Denver area made on LendingTree’s website came from those under the age of 35.

How much exactly? Forty-five percent. That places Denver at No. 5 behind Salt Lake City, Minneapolis, Pittsburgh and Buffalo.

Here are other statistics on Denver:

• The average age of buyers under 35: 28.9 years

• The average credit score value of buyers under 35: 680

• The average requested loan amount for buyers under 35: $293,848

Read more at the Denver Business Journal: https://bit.ly/2FpfqtU

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