Boulder VA Loan Rates, Closing Costs & Stats

BOULDER, CO

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Boulder's 52 lenders originated 164 VA loans during 2022. The total origination value was $88,060,000, with an average VA loan value of $536,951.

Boulder VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Boulder averaged 6.2% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

Boulder's average VA mortgage closing costs are $7,899.

The average rate for the prior week (2024-02-09) was 5.76% and one month ago for the week of 2024-01-12, the average rate was 5.62%.

The average rate one year ago was 5.48%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.18%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Boulder VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Boulder level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 19 4.20% $10,367
QUICKEN LOANS, LLC 15 3.86% $17,892
Mortgage Research Center, LLC 14 5.07% $10,779
EAGLE HOME MORTGAGE, LLC 9 3.42% $4,835
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 4.37% $21,077
FREEDOM MORTGAGE CORPORATION 7 4.39% $18,491
NAVY FEDERAL CREDIT UNION 5 3.45% $20,575
GUARANTEED RATE, INC. 4 4.51% $11,403
CALIBER HOME LOANS, INC. 4 4.09% $13,774
The Federal Savings Bank 4 3.94% $17,720
LOANDEPOT.COM, LLC 4 4.31% $12,517
CMG MORTGAGE, INC. 4 5.66% $8,633
AMERICAN FINANCING CORPORATION 4 4.06% $24,037
PLANET HOME LENDING, LLC 3 4.71% $8,536
LAKEVIEW LOAN SERVICING, LLC 3 3.33% $10,370
NOVA FINANCIAL & INVESTMENT CORPORATION 3 5.00% $2,290
PENNYMAC LOAN SERVICES, LLC 3 2.88% $29,436
KBHS HOME LOANS, LLC 3 4.54% $21,567
CROSSCOUNTRY MORTGAGE, LLC 3 6.29% $20,227
Amerifirst Financial, Inc. 2 3.69% $8,337
CORNERSTONE HOME LENDING, INC. 2 3.94% $9,134
Commerce Home Mortgage, Inc. 2 4.31% $4,331
USAA Federal Savings Bank 2 4.44% $21,350
NFM, INC. 2 5.38% $23,279
NEW DAY FINANCIAL, LLC 2 4.43% $19,135
HOME POINT FINANCIAL CORPORATION 2 4.75% $8,391
CHERRY CREEK MORTGAGE, LLC 2 5.88% $928
FINANCE OF AMERICA MORTGAGE LLC 2 5.06% $15,453
VILLAGE CAPITAL MORTGAGE 1 4.00% $8,517
Armed Forces Bank 1 4.63% $22,244
CARDINAL FINANCIAL 1 2.25% $34,387
Commerce Bank 1 5.13% $3,730
DRAPER AND KRAMER MORTGAGE CORP. 1 5.38% $15,622
Elevations Credit Union 1 6.13% $3,098
FBC MORTGAGE, LLC 1 4.88% $11,372
Financial Funding Solutions, Inc. 1 5.00% $3,833
First Mortgage Solutions, LLC 1 2.62% $2,155
First National Bank of Omaha 1 3.38% $6,744
GROUP MORTGAGE, LLC 1 4.75% $15,544
GUARANTEED RATE AFFINITY, LLC 1 5.25% $6,869
GUILD MORTGAGE COMPANY 1 5.63% $23,970
Hometown Equity Mortgage, LLC 1 5.50% $16,298
JPMorgan Chase Bank 1 5.49% $4,552
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $5,841
NBKC BANK 1 5.38% $20,589
NEWREZ LLC 1 5.75% $11,968
North American Savings Bank, F.S.B. 1 4.63% $17,616
PENTAGON FEDERAL CREDIT UNION 1 2.50% $0
Residential Mortgage Solutions, Inc. 1 5.75% $11,968
S1L, Inc. 1 3.50% $17,430
Strong Home Mortgage, LLC 1 2.25% $2,293
SUMMIT FUNDING, INC. 1 4.99% $7,861

The top Boulder VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 19 VA loans originated. Their average total fees are $10,367, which is $7,525 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Boulder VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($10,367), Mortgage Research Center, LLC ($10,779), QUICKEN LOANS, LLC ($17,892), .

The lowest rate Boulder VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.86%), UNITED WHOLESALE MORTGAGE, LLC (4.20%), Mortgage Research Center, LLC (5.07%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Boulder (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $662,167 (-2.9%) $1,110,807 (-8.3%) 2.45 478
2018-02-01 $727,000 (4.8%) $1,213,461 (-2.6%) 2.64 479
2018-03-01 $749,945 (8.1%) $1,182,921 (-1.2%) 2.63 533
2018-04-01 $749,400 (7.8%) $1,185,909 (2.0%) 2.54 658
2018-05-01 $746,338 (7.1%) $1,163,743 (5.3%) 2.49 740
2018-06-01 $719,450 (5.2%) $1,082,882 (3.7%) 2.40 849
2018-07-01 $704,975 (6.8%) $1,060,146 (2.7%) 2.35 881
2018-08-01 $662,400 (3.1%) $1,006,390 (0.2%) 2.22 937
2018-09-01 $644,000 (1.5%) $985,298 (-0.9%) 2.16 946
2018-10-01 $643,500 (-1.0%) $1,001,372 (-3.1%) 2.18 922
2018-11-01 $644,350 (-0.9%) $1,030,284 (-3.8%) 2.18 810
2018-12-01 $660,000 (0.5%) $1,037,180 (-7.5%) 2.28 669
2019-01-01 $631,225 (-4.7%) $1,010,506 (-9.0%) 2.18 612
2019-02-01 $649,450 (-10.7%) $1,021,671 (-15.8%) 2.19 663
2019-03-01 $643,004 (-14.3%) $1,034,596 (-12.5%) 2.10 756
2019-04-01 $657,082 (-12.3%) $1,035,090 (-12.7%) 2.09 865
2019-05-01 $660,698 (-11.5%) $1,037,347 (-10.9%) 2.07 1,000
2019-06-01 $667,600 (-7.2%) $1,039,165 (-4.0%) 2.09 1,096
2019-07-01 $679,000 (-3.7%) $1,020,297 (-3.8%) 2.13 1,178
2019-08-01 $665,980 (0.5%) $1,004,911 (-0.2%) 2.11 1,178
2019-09-01 $668,199 (3.8%) $1,009,249 (2.4%) 2.14 1,165
2019-10-01 $667,666 (3.8%) $1,012,140 (1.1%) 2.15 1,143
2019-11-01 $664,900 (3.2%) $1,025,842 (-0.4%) 2.18 977
2019-12-01 $664,950 (0.8%) $1,065,166 (2.7%) 2.22 757
2020-01-01 $650,000 (3.0%) $1,057,952 (4.7%) 2.17 616
2020-02-01 $688,000 (5.9%) $1,105,181 (8.2%) 2.25 596
2020-03-01 $719,731 (11.9%) $1,106,809 (7.0%) 2.26 634
2020-04-01 $712,802 (8.5%) $1,059,426 (2.4%) 2.23 700
2020-05-01 $742,455 (12.4%) $1,063,371 (2.5%) 2.26 855
2020-06-01 $745,989 (11.7%) $1,077,526 (3.7%) 2.20 955
2020-07-01 $749,500 (10.4%) $1,089,300 (6.8%) 2.17 889
2020-08-01 $756,250 (13.6%) $1,122,208 (11.7%) 2.17 803
2020-09-01 $715,945 (7.2%) $1,113,430 (10.3%) 2.05 798
2020-10-01 $745,000 (11.6%) $1,175,023 (16.1%) 2.13 773
2020-11-01 $767,488 (15.4%) $1,223,779 (19.3%) 2.24 597
2020-12-01 $798,000 (20.0%) $1,302,359 (22.3%) 2.37 474
2021-01-01 $856,653 (31.8%) $1,356,233 (28.2%) 2.56 362
2021-02-01 $886,000 (28.8%) $1,346,694 (21.9%) 2.58 308
2021-03-01 $844,000 (17.3%) $1,362,872 (23.1%) 2.39 287
2021-04-01 $809,500 (13.6%) $1,368,154 (29.1%) 2.19 326
2021-05-01 $800,000 (7.8%) $1,347,354 (26.7%) 2.13 330
2021-06-01 $812,450 (8.9%) $1,294,942 (20.2%) 2.14 434
2021-07-01 $787,500 (5.1%) $1,258,888 (15.6%) 2.08 446
2021-08-01 $759,500 (0.4%) $1,198,662 (6.8%) 2.03 472
2021-09-01 $749,988 (4.8%) $1,154,947 (3.7%) 2.00 464
2021-10-01 $796,000 (6.9%) $1,214,778 (3.4%) 2.12 395
2021-11-01 $811,975 (5.8%) $1,333,273 (9.0%) 2.17 299
2021-12-01 $804,950 (0.9%) $1,344,914 (3.3%) 2.18 416
2022-01-01 $825,000 (-3.7%) $1,522,455 (12.3%) 2.23 151
2022-02-01 $877,183 (-1.0%) $1,628,962 (21.0%) 2.28 168
2022-03-01 $826,250 (-2.1%) $1,470,080 (7.9%) 2.07 210
2022-04-01 $874,900 (8.1%) $1,489,471 (8.9%) 2.09 255
2022-05-01 $870,000 (8.8%) $1,422,370 (5.6%) 1.99 472
2022-06-01 $887,500 (9.2%) $1,415,625 (9.3%) 1.98 635
2022-07-01 $864,000 (9.7%) $1,355,758 (7.7%) 1.95 761
2022-08-01 $829,000 (9.2%) $1,312,045 (9.5%) 1.92 811
2022-09-01 $835,000 (11.3%) $1,342,753 (16.3%) 1.95 793
2022-10-01 $825,000 (3.6%) $1,353,181 (11.4%) 1.94 800
2022-11-01 $835,000 (2.8%) $1,404,504 (5.3%) 2.01 693
2022-12-01 $843,450 (4.8%) $1,427,316 (6.1%) 2.08 503
2023-01-01 $846,000 (2.6%) $1,490,739 (-2.1%) 2.10 438
2023-02-01 $875,000 (-0.3%) $1,519,179 (-6.7%) 2.11 482
2023-03-01 $959,275 (16.1%) $1,587,138 (8.0%) 2.26 532
2023-04-01 $982,550 (12.3%) $1,605,475 (7.8%) 2.29 618
2023-05-01 $985,000 (13.2%) $1,564,648 (10.0%) 2.23 720
2023-06-01 $950,000 (7.0%) $1,521,583 (7.5%) 2.13 827
2023-07-01 $909,475 (5.3%) $1,493,150 (10.1%) 2.07 869
2023-08-01 $901,475 (8.7%) $1,520,394 (15.9%) 2.07 840
2023-09-01 $896,250 (7.3%) $1,491,076 (11.1%) 2.09 889
2023-10-01 $913,750 (10.8%) $1,501,237 (10.9%) 2.15 924
2023-11-01 $899,016 (7.7%) $1,488,340 (6.0%) 2.14 835
2023-12-01 $887,500 (5.2%) $1,499,844 (5.1%) 2.16 669
Boulder's median listing price for 2023-12-01 was $887,500, a difference of $44,050 (5.2%) versus the prior year and $-11,516 versus the prior month.

Boulder's median listing price comes in at 216% of the national average.

Boulder's average listing price for 2023-12-01 was $1,499,844, a difference of $72,528 (5.1%) versus the prior year and $11,504 versus the prior month.

For the 2023-12-01 period, Boulder had 669 MLS listings, a difference of -166 listings (-20%) versus the prior month and 166 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Boulder (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 59 days 2,993 sqft
2018-02-01 39 days 3,138 sqft
2018-03-01 35 days 3,074 sqft
2018-04-01 30 days 3,091 sqft
2018-05-01 31 days 3,009 sqft
2018-06-01 31 days 2,938 sqft
2018-07-01 37 days 2,758 sqft
2018-08-01 43 days 2,585 sqft
2018-09-01 47 days 2,589 sqft
2018-10-01 45 days 2,605 sqft
2018-11-01 53 days 2,596 sqft
2018-12-01 68 days 2,607 sqft
2019-01-01 70 days 2,455 sqft
2019-02-01 38 days 2,400 sqft
2019-03-01 37 days 2,570 sqft
2019-04-01 34 days 2,679 sqft
2019-05-01 32 days 2,677 sqft
2019-06-01 38 days 2,628 sqft
2019-07-01 39 days 2,599 sqft
2019-08-01 44 days 2,549 sqft
2019-09-01 48 days 2,542 sqft
2019-10-01 51 days 2,524 sqft
2019-11-01 58 days 2,523 sqft
2019-12-01 74 days 2,583 sqft
2020-01-01 74 days 2,542 sqft
2020-02-01 38 days 2,553 sqft
2020-03-01 37 days 2,570 sqft
2020-04-01 41 days 2,496 sqft
2020-05-01 40 days 2,517 sqft
2020-06-01 36 days 2,496 sqft
2020-07-01 42 days 2,449 sqft
2020-08-01 42 days 2,382 sqft
2020-09-01 38 days 2,304 sqft
2020-10-01 39 days 2,305 sqft
2020-11-01 51 days 2,320 sqft
2020-12-01 68 days 2,330 sqft
2021-01-01 79 days 2,192 sqft
2021-02-01 73 days 2,266 sqft
2021-03-01 39 days 2,257 sqft
2021-04-01 31 days 2,219 sqft
2021-05-01 30 days 2,305 sqft
2021-06-01 18 days 2,356 sqft
2021-07-01 31 days 2,356 sqft
2021-08-01 30 days 2,295 sqft
2021-09-01 30 days 2,276 sqft
2021-10-01 33 days 2,228 sqft
2021-11-01 37 days 2,355 sqft
2021-12-01 44 days 2,296 sqft
2022-01-01 33 days 2,476 sqft
2022-02-01 19 days 2,458 sqft
2022-03-01 16 days 2,366 sqft
2022-04-01 15 days 2,485 sqft
2022-05-01 16 days 2,520 sqft
2022-06-01 22 days 2,539 sqft
2022-07-01 30 days 2,496 sqft
2022-08-01 36 days 2,370 sqft
2022-09-01 40 days 2,398 sqft
2022-10-01 43 days 2,423 sqft
2022-11-01 51 days 2,480 sqft
2022-12-01 68 days 2,426 sqft
2023-01-01 79 days 2,487 sqft
2023-02-01 44 days 2,516 sqft
2023-03-01 36 days 2,634 sqft
2023-04-01 36 days 2,710 sqft
2023-05-01 32 days 2,633 sqft
2023-06-01 33 days 2,606 sqft
2023-07-01 41 days 2,587 sqft
2023-08-01 45 days 2,652 sqft
2023-09-01 43 days 2,602 sqft
2023-10-01 44 days 2,577 sqft
2023-11-01 55 days 2,558 sqft
2023-12-01 76 days 2,464 sqft
Boulder's median listing age (time on market) for 2023-12-01 was 76 days. This is 11% longer than the same period one year ago.

Boulder's median square footage for active listings during the 2023-12-01 period was 2,464 sqft. One year prior, the average listing was 2,426 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.