Buying a Home in ColoradoMy wife and I are planning to move to Colorado in September of 2015. I'm originally from there and still have family there. I am currently in HR and would be seeking another HR job in Colorado. My wife would likely be staying at home with our child. My wife receives monthly retirement income - non-taxed - from her former job as a police officer, so we'd still have two incomes and at LEAST one upon the move itself even if I didn't have a job straight away. We both have credit scores over 700 - her's over 720, mine close. I had a short sale that closed in April 2012, prior to meeting my wife as I moved across country for work. So, we'll be at the 3.5 year mark by September 2015 when we're planning to move. We have very little credit card debt and actually will have none by next year. I've run some numbers via the calculators on various websites, but I'm not sure if they can be trusted to be accurate. I know what WE are comfortable affording - but that may not be the bank's idea. So now that I've been long-winded:- will my wife's retirement income be counted just as regular gross income would be counted from working a job or would it be factored differently, especially since it isn't taxed?-we'll be moving with approximately $25,000 in the bank. Would it make more sense to use that to pay off a $13,000 loan (11.99% interest) prior to buying a home, OR should we save for downpayment? (I lean towards paying off the loan because I think it would increase our buying power, correct?)-how will the short sale affect our ability to buy? Are we basically limited to FHA?Any advice would be greatly appreciated!! Thank you!February 20 - Denver0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.