Denver Ranked The Worst For First-Time Homebuyers

DENVER (CBS4) - A new report from Lending Tree finds Denver is the most challenging cities for first-time homebuyers.

The online lending exchange company ranked 100 cities nationwide.

Denver ranked number one followed by New York and San Francisco.

The company looked at factors like the average down payment, the number of people using an FHA mortgage and the share of homes.

Little Rock, Arkansas was named the best city for first-time homebuyers.