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First-Time Homebuyers: Explore Life in Colorado Springs

Wondering why Colorado Springs is a great place for first-time homebuyers? It’s more than just the views (though those are incredible). With its affordability, friendly neighborhoods, and job opportunities, Colorado Springs is the kind of place where first-time buyers can feel confident about planting roots — and Challenger Homes is here to help you every step of the way.


Aerial view of a community building and nearby homes
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Big Views. Bright Futures. And Still Affordable.

Affordability matters, especially when you’re buying your first home. Compared to other fast-growing cities in Colorado (like Denver or Boulder), Colorado Springs gives buyers more bang for their buck — without sacrificing quality of life. Lower home prices? Check. Lower cost of living? Check. Stunning views of Pikes Peak and the Rocky Mountains? Triple check. (We even rounded up our top five favorite views in the area.) Add in the city’s vibrant outdoor scene and strong sense of community, and it’s easy to see why the Springs is becoming a top choice for first-timers.


challenger homes model home kitchen interior

Why a New Home Makes All the Difference

Buying new vs. old home is another big decision. And for many first-time buyers, a brand-new home brings peace of mind you just can’t get from a fixer-upper. At Challenger Homes, we’ve been building new homes in Colorado Springs for 25 years. We know what first-time buyers are looking for: smart floor plans, energy-efficient features, modern finishes, and neighborhoods that feel like home. Even better? You don’t have to worry about surprise repair costs, or outdated appliances. Just turn the key and start living.


Loving daughter kissing her military father on the cheek while reuniting at home.

Real Incentives for Real Heroes

Colorado Springs is home to many of our nation’s heroes: military members, teachers, first responders, and more. At Challenger Homes, we don’t just say thank you, we back it up with real savings. Through our Military Homebuyer Program, we’ve already helped buyers save over $15 million. From special pricing to closing cost assistance, we make sure those who serve get the support they deserve. We also offer a Hometown Heroes Program, created for educators, firefighters, healthcare workers, and other local champions who make our communities better every day. That’s just one more way we’re living out our mission to Make Life Better for everyone who calls Colorado Springs home.


African american family spending time together at home. They are having fun

It’s More Than a House — it’s a Fresh Start.

Whether you’re planting roots, growing your family, or simply ready for your own space, buying your first home is a huge milestone. And in Colorado Springs, that step comes with fresh mountain air, endless trails, friendly neighbors, and a builder who truly has your back. At Challenger Homes, we’re here to guide you through every step of the journey. From helpful sales associates to easy-to-understand financing options, we make buying your first home feel less like a leap and more like a confident stride forward.


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First-Time Homebuyers: Take Your Next Step

The secret is out: Colorado Springs is a great place for first-time homebuyers. Contact us today to schedule your tour of our Colorado Springs communities. Or explore our quick move-in homes to find something you’ll love right away. Your first home — and your next chapter — is waiting.

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How we estimate your payment

Principal & interest + estimated property taxes + homeowners insurance + applicable HOA/metro charges.

Our advertised estimated lowest payments use a 30-year VA loan example for an eligible buyer with full entitlement and 0% down. The featured payment option is 3-2-1 Buydown. Advertised amounts are year-one estimates; payments increase in years 2, 3 and 4. The note rate is fixed at 6.5%. Home price, estimated taxes, and HOA/metro charges vary by property and community. Open the asterisk beside a payment for that home’s figures and assumptions.

More about the calculation

Principal and interest are calculated from the modeled loan amount, selected payment rate, and loan term. The model uses 8.661% combined 3-2-1 buydown cost and an assumed 2.15% VA funding fee financed into the loan. It includes a $8,000.00 closing-cost allowance, modeled through a higher contract price and seller credit. Points and any temporary buydown funding are modeled through a higher contract price and seller credits, subject to lender approval and appraisal support.

Property taxes use the community mill levy and an approximate assessed-value calculation; they are estimates, not an actual tax bill. Homeowners insurance is estimated at $180.00 per month. Applicable community HOA/metro charges are included. Upfront tax and insurance escrow deposits are excluded. A zero down payment does not guarantee zero cash due at closing.

3-2-1 Buydown payment assumption notes

The advertised amount is the Year 1 estimated payment. A builder-funded 3-2-1 buydown reduces the buyer's principal and interest payments during the first three years; the underlying note rate remains fixed. Payments are based on a rate 3 percentage points below the note rate in Year 1, 2 points below in Year 2, and 1 point below in Year 3. Full note-rate payments begin in Year 4. Taxes, insurance and HOA/metro charges are estimates and may change. Interest rate is not APR. Financing costs are modeled through a higher contract price and seller credits, subject to lender approval and appraisal support. Contact the lender for a complete Loan Estimate.

Promotion terms & lender information