Gemma Collins, That is exactly the position I am in. 

Colorado homeowners, reflecting the above-average home prices in the state, did even better, with home equity gains averaging $32,000 last year.Among the Colorado metros that CoreLogic tracks, Boulder residents enjoyed the biggest home equity gains at $46,673, followed by Colorado Springs residents at $33,284, metro Denver residents at $31,895, Fort Collins residents at $23,934 and Greeley residents at $20,118.CoreLogic estimates the average home equity amounts homeowners were sitting on at the end of last year were as follows: Boulder, $400,038; Colorado Springs, $188,312; Denver, $258,894; Fort Collins, $230,998; and Greeley, $177,428.Sharp gains in home prices boosted home equity, and the pandemic was a big driver.

@Chris Collins Yes and many do.

Originally posted by @Collin Lee Johnson:Alright guys so here's a hypothetical (and it is an actual hypothetical right now as I haven't gotten a raise yet); let's say that someone is currently making below the income limits for a housing program and will be for a little bit (most likely), while they are within this limit they are saving up to buy a property.

@Andy Collins staying north of Locust is a pretty safe rule of thumb.

Thanks @Shirley Wen and @Collin Corrington!!

I have lived in Collin county since 1985.

We live in Fort Collins - awesome community. 

@ Joan Raino I'm in Elgin, IL and very familiar with the area and have rental property there as well, plus I live and work in Elgin, we should meet up and compare notes as I am also new to REI.Are you house hacking and going to live in the lower unit, is that why you are going with FHA?

@William Collins.