Boulder VA Loan Rates, Closing Costs & Stats

BOULDER, CO

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    • 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 111 lenders originated 615 VA loans during 2021. The total origination value was $284,855,000, with an average VA loan value of $463,179.

    Boulder VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Boulder averaged 6% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

    Boulder's average VA mortgage closing costs are $7,418.

    The average rate for the prior week (2023-01-20) was 5.93% and one month ago for the week of 2022-12-23, the average rate was 6.3%.

    The average rate one year ago was 4%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.06%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    PENNYMAC LOAN SERVICES, LLC 52 2.30% $6,380
    QUICKEN LOANS, LLC 49 2.37% $5,770
    FREEDOM MORTGAGE CORPORATION 41 2.27% $3,346
    Mortgage Research Center, LLC 33 2.63% $9,376
    UNITED WHOLESALE MORTGAGE, LLC 28 2.46% $7,775
    LOANDEPOT.COM, LLC 26 2.35% $6,939
    CALIBER HOME LOANS, INC. 21 2.41% $6,068
    AMERICAN FINANCING CORPORATION 18 2.47% $9,546
    LAKEVIEW LOAN SERVICING, LLC 17 2.37% $3,429
    NAVY FEDERAL CREDIT UNION 13 2.51% $6,834
    Elevations Credit Union 9 2.44% $8,326
    HOME POINT FINANCIAL CORPORATION 9 2.28% $6,461
    CLEARPATH LENDING 8 2.23% $3,116
    GUARANTEED RATE, INC. 8 2.38% $3,845
    CHERRY CREEK MORTGAGE, LLC 8 2.58% $5,650
    GUARANTEED RATE AFFINITY, LLC 7 2.38% $5,447
    VILLAGE CAPITAL MORTGAGE 7 2.18% $6,282
    USAA Federal Savings Bank 7 2.96% $6,960
    CROSSCOUNTRY MORTGAGE, LLC 7 2.61% $10,399
    NEW DAY FINANCIAL, LLC 7 2.61% $13,288
    The Federal Savings Bank 6 2.33% $6,861
    First Mortgage Solutions, LLC 6 2.27% $8,023
    North American Savings Bank, F.S.B. 5 2.30% $2,066
    PENTAGON FEDERAL CREDIT UNION 5 2.48% $2,182
    BNC National Bank 4 2.25% $7,397
    UNION HOME MORTGAGE CORP. 4 2.25% $3,599
    CMG MORTGAGE, INC. 4 2.53% $12,032
    Amerifirst Financial, Inc. 4 2.91% $13,432
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.15% $6,902
    HOME MORTGAGE ALLIANCE, LLC 4 2.91% $10,628
    PLANET HOME LENDING, LLC 4 2.44% $5,983
    NEWREZ LLC 4 2.44% $11,899
    ACCELERATE MORTGAGE, LLC 4 2.06% $5,951
    NBH Bank 3 2.42% $2,520
    Bank of England 3 2.71% $6,577
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.50% $14,641
    Wells Fargo Bank 3 2.67% $3,013
    NBKC BANK 3 2.46% $1,912
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 2.42% $1,677
    GUILD MORTGAGE COMPANY 3 2.67% $5,206
    DRAPER AND KRAMER MORTGAGE CORP. 2 2.50% $1,315
    AMERICAN FINANCIAL NETWORK, INC. 2 2.25% $9,055
    Barrington Bank & Trust Company, N.A. 2 2.73% $11,487
    BOKF 2 3.25% $2,678
    BROKER SOLUTIONS, INC. 2 2.31% $3,603
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.56% $6,307
    Commerce Home Mortgage, Inc. 2 2.25% $4,462
    CORNERSTONE HOME LENDING, INC. 2 2.94% $6,558
    FINANCE OF AMERICA MORTGAGE LLC 2 2.25% $4,014
    Flagstar Bank, FSB 2 2.25% $880
    Gateway First Bank 2 2.50% $5,505
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.63% $13,771
    HOMEAMERICAN MORTGAGE CORPORATION 2 3.56% $16,381
    INSPIRE HOME LOANS INC. 2 2.94% $10,030
    InterContinental Capital Group, Inc 2 2.44% $3,096
    KS StateBank 2 2.25% $1,489
    Mid-Continent Funding, Inc. 2 2.75% $8,562
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.00% $8,980
    Mr. Cooper ( Nationstar Mortgage ) 2 2.69% $3,810
    MUTUAL OF OMAHA MORTGAGE, INC. 2 2.69% $3,560
    Nations Lending Corporation 2 3.00% $13,012
    NP, Inc. 2 2.56% $10,948
    PLAZA HOME MORTGAGE, INC. 2 3.44% $5,995
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.88% $7,938
    Prime Choice Funding Inc. 2 2.56% $3,565
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 2.44% $1,934
    S1L, Inc. 2 2.62% $4,347
    CELEBRITY HOME LOANS, LLC 1 4.13% $4,274
    Carrington Mortgage Services, LLC 1 2.25% $7,387
    UNIVERSAL LENDING CORPORATION 1 2.75% $3,969
    J. VIRGIL, INC. 1 2.38% $12,651
    INTERCOASTAL MORTGAGE COMPANY 1 2.25% $7,446
    HOMESTEAD FUNDING CORP. 1 2.38% $2,963
    NEST HOME LENDING, LLC 1 2.75% $170
    NETWORK CAPITAL FUNDING CORPORATION 1 2.50% $7,519
    Franklin Loan Corporation 1 2.25% $15,550
    First National Bank of Omaha 1 2.75% $4,403
    NFM, INC. 1 2.63% $25,605
    First Interstate Bank 1 2.25% $2,830
    Northpointe Bank 1 3.25% $19,409
    FirstBank 1 2.38% $3,487
    AMERISAVE MORTGAGE CORPORATION 1 2.25% $9,806
    Paramount Residential Mortgage Group, Inc. 1 2.75% $11,094
    Financial Funding Solutions, Inc. 1 2.75% $2,328
    DIRECT MORTGAGE, CORP. 1 2.38% $8,779
    PHH Mortgage Corporation 1 3.63% $11,499
    CONTOUR MORTGAGE CORPORATION 1 2.75% $23,946
    VERITAS FUNDING, LLC 1 2.25% $2,342
    American Mortgage & Equity Consultants, Inc. 1 2.75% $3,197
    ALL WESTERN MORTGAGE, INC. 1 3.13% $16,000
    ZILLOW HOME LOANS, LLC 1 3.25% $32,902
    City Bank 1 3.00% $5,825
    RESIDENTIAL MORTGAGE, LLC 1 2.50% $54,418
    Zions Bancorporation, N.A. 1 2.25% $33,940
    SECURITYNATIONAL MORTGAGE COMPANY 1 1.88% $15,505
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $1,700
    Strong Home Mortgage, LLC 1 2.38% $2,836
    SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $10,845
    SWBC MORTGAGE CORPORATION 1 2.75% $5,836
    T2 FINANCIAL LLC 1 2.25% $3,065
    LENOX FINANCIAL MORTGAGE CORPORATION 1 2.50% $3,915
    LEADERONE FINANCIAL CORPORATION 1 2.25% $2,184
    LOANPAL, LLC 1 2.25% $4,254
    Low VA Rates, LLC 1 2.25% $10,281
    M2 Lending Solutions, LLC 1 4.63% $7,817
    Magnolia Bank 1 2.25% $3,922
    MEGASTAR FINANCIAL CORP. 1 3.25% $19,409
    CHURCHILL MORTGAGE CORPORATION 1 2.75% $7,288
    Lakeview Community Capital, LLC 1 2.38% $3,769
    TJC Mortgage, Inc. 1 2.25% $3,947
    MOUNTAIN WEST FINANCIAL, INC. 1 2.63% $3,696

    The top Boulder VA lender as defined by loan originations is PENNYMAC LOAN SERVICES, LLC, with 52 VA loans originated. Their average total fees are $6,380, which is $610 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Boulder VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($3,346), LAKEVIEW LOAN SERVICING, LLC ($3,429), QUICKEN LOANS, LLC ($5,770), CALIBER HOME LOANS, INC. ($6,068) and PENNYMAC LOAN SERVICES, LLC ($6,380).

    The lowest rate Boulder VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (2.27%), PENNYMAC LOAN SERVICES, LLC (2.30%), LOANDEPOT.COM, LLC (2.35%), LAKEVIEW LOAN SERVICING, LLC (2.37%) and QUICKEN LOANS, LLC (2.37%).

    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 $665,233 (-3.6%) $1,120,716 (-8.8%) 2.47 476
    2018-02-01 $734,450 (4.9%) $1,224,549 (-3.0%) 2.67 476
    2018-03-01 $770,425 (10.5%) $1,198,263 (-0.4%) 2.70 530
    2018-04-01 $749,138 (7.1%) $1,181,812 (0.9%) 2.54 658
    2018-05-01 $742,475 (6.3%) $1,156,739 (3.9%) 2.48 741
    2018-06-01 $710,000 (3.6%) $1,073,770 (2.5%) 2.37 849
    2018-07-01 $700,750 (5.4%) $1,055,352 (1.8%) 2.34 881
    2018-08-01 $651,738 (1.0%) $997,000 (-1.1%) 2.18 936
    2018-09-01 $634,990 (0.0%) $975,101 (-2.5%) 2.13 945
    2018-10-01 $634,027 (-2.5%) $993,709 (-4.3%) 2.14 921
    2018-11-01 $637,493 (-2.6%) $1,015,503 (-5.9%) 2.16 809
    2018-12-01 $658,450 (-0.2%) $1,028,360 (-8.7%) 2.27 670
    2019-01-01 $624,900 (-6.1%) $999,804 (-10.8%) 2.16 612
    2019-02-01 $642,500 (-12.5%) $1,011,130 (-17.4%) 2.17 663
    2019-03-01 $640,579 (-16.9%) $1,030,195 (-14.0%) 2.09 757
    2019-04-01 $656,779 (-12.3%) $1,031,709 (-12.7%) 2.09 866
    2019-05-01 $659,950 (-11.1%) $1,036,958 (-10.4%) 2.06 1,002
    2019-06-01 $669,000 (-5.8%) $1,040,152 (-3.1%) 2.09 1,095
    2019-07-01 $679,000 (-3.1%) $1,020,494 (-3.3%) 2.13 1,179
    2019-08-01 $665,986 (2.2%) $1,004,949 (0.8%) 2.11 1,180
    2019-09-01 $668,216 (5.2%) $1,009,787 (3.6%) 2.14 1,165
    2019-10-01 $667,677 (5.3%) $1,013,012 (1.9%) 2.15 1,143
    2019-11-01 $664,973 (4.3%) $1,026,276 (1.1%) 2.18 979
    2019-12-01 $665,188 (1.0%) $1,064,927 (3.6%) 2.22 759
    2020-01-01 $650,000 (4.0%) $1,057,246 (5.8%) 2.17 619
    2020-02-01 $688,000 (7.1%) $1,104,272 (9.2%) 2.25 599
    2020-03-01 $719,731 (12.4%) $1,105,535 (7.3%) 2.25 637
    2020-04-01 $710,151 (8.1%) $1,057,901 (2.5%) 2.22 704
    2020-05-01 $741,978 (12.4%) $1,062,155 (2.4%) 2.26 858
    2020-06-01 $745,989 (11.5%) $1,076,959 (3.5%) 2.20 958
    2020-07-01 $749,500 (10.4%) $1,088,666 (6.7%) 2.17 892
    2020-08-01 $756,250 (13.6%) $1,121,437 (11.6%) 2.17 807
    2020-09-01 $714,850 (7.0%) $1,109,238 (9.9%) 2.05 802
    2020-10-01 $742,655 (11.2%) $1,170,165 (15.5%) 2.13 778
    2020-11-01 $760,738 (14.4%) $1,217,638 (18.7%) 2.22 602
    2020-12-01 $793,675 (19.3%) $1,295,022 (21.6%) 2.36 479
    2021-01-01 $845,000 (30.0%) $1,351,743 (27.9%) 2.52 366
    2021-02-01 $882,500 (28.3%) $1,342,045 (21.5%) 2.57 312
    2021-03-01 $837,250 (16.3%) $1,357,821 (22.8%) 2.38 291
    2021-04-01 $802,250 (13.0%) $1,363,779 (28.9%) 2.17 330
    2021-05-01 $799,900 (7.8%) $1,343,322 (26.5%) 2.12 334
    2021-06-01 $802,450 (7.6%) $1,293,190 (20.1%) 2.11 437
    2021-07-01 $785,000 (4.7%) $1,256,250 (15.4%) 2.07 449
    2021-08-01 $758,500 (0.3%) $1,196,158 (6.7%) 2.02 477
    2021-09-01 $750,000 (4.9%) $1,153,094 (4.0%) 2.00 468
    2021-10-01 $795,000 (7.1%) $1,212,272 (3.6%) 2.12 399
    2021-11-01 $804,250 (5.7%) $1,329,024 (9.2%) 2.15 303
    2021-12-01 $803,475 (1.2%) $1,341,052 (3.6%) 2.18 419
    2022-01-01 $820,000 (-3.0%) $1,518,972 (12.4%) 2.22 154
    2022-02-01 $862,933 (-2.2%) $1,619,355 (20.7%) 2.24 172
    2022-03-01 $822,000 (-1.8%) $1,465,633 (7.9%) 2.06 214
    2022-04-01 $866,950 (8.1%) $1,481,788 (8.7%) 2.07 260
    2022-05-01 $870,000 (8.8%) $1,419,510 (5.7%) 1.99 476
    2022-06-01 $885,000 (10.3%) $1,412,885 (9.3%) 1.97 639
    2022-07-01 $859,000 (9.4%) $1,353,728 (7.8%) 1.94 764
    2022-08-01 $827,000 (9.0%) $1,310,792 (9.6%) 1.91 815
    2022-09-01 $834,500 (11.3%) $1,340,325 (16.2%) 1.95 798
    2022-10-01 $822,450 (3.5%) $1,350,567 (11.4%) 1.94 804
    2022-11-01 $833,750 (3.7%) $1,402,883 (5.6%) 2.01 697
    2022-12-01 $835,000 (3.9%) $1,423,188 (6.1%) 2.09 508
    Boulder's median listing price for 2022-12-01 was $835,000, a difference of $31,525 (3.9%) versus the prior year and $1,250 versus the prior month.

    Boulder's median listing price comes in at 209% of the national average.

    Boulder's average listing price for 2022-12-01 was $1,423,188, a difference of $82,136 (6.1%) versus the prior year and $20,305 versus the prior month.

    For the 2022-12-01 period, Boulder had 508 MLS listings, a difference of -189 listings (-27%) versus the prior month and 89 listings (21%) 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 64 days 3,008 sqft
    2018-02-01 41 days 3,136 sqft
    2018-03-01 37 days 3,096 sqft
    2018-04-01 31 days 3,072 sqft
    2018-05-01 32 days 2,975 sqft
    2018-06-01 33 days 2,936 sqft
    2018-07-01 38 days 2,747 sqft
    2018-08-01 45 days 2,586 sqft
    2018-09-01 49 days 2,584 sqft
    2018-10-01 48 days 2,618 sqft
    2018-11-01 54 days 2,592 sqft
    2018-12-01 71 days 2,587 sqft
    2019-01-01 73 days 2,463 sqft
    2019-02-01 42 days 2,425 sqft
    2019-03-01 38 days 2,569 sqft
    2019-04-01 35 days 2,678 sqft
    2019-05-01 32 days 2,675 sqft
    2019-06-01 38 days 2,635 sqft
    2019-07-01 41 days 2,601 sqft
    2019-08-01 45 days 2,552 sqft
    2019-09-01 49 days 2,549 sqft
    2019-10-01 52 days 2,532 sqft
    2019-11-01 58 days 2,527 sqft
    2019-12-01 81 days 2,584 sqft
    2020-01-01 81 days 2,544 sqft
    2020-02-01 43 days 2,559 sqft
    2020-03-01 44 days 2,570 sqft
    2020-04-01 45 days 2,496 sqft
    2020-05-01 44 days 2,517 sqft
    2020-06-01 40 days 2,496 sqft
    2020-07-01 47 days 2,449 sqft
    2020-08-01 50 days 2,381 sqft
    2020-09-01 45 days 2,297 sqft
    2020-10-01 45 days 2,296 sqft
    2020-11-01 64 days 2,315 sqft
    2020-12-01 80 days 2,325 sqft
    2021-01-01 97 days 2,206 sqft
    2021-02-01 89 days 2,266 sqft
    2021-03-01 50 days 2,258 sqft
    2021-04-01 37 days 2,222 sqft
    2021-05-01 35 days 2,300 sqft
    2021-06-01 20 days 2,355 sqft
    2021-07-01 32 days 2,354 sqft
    2021-08-01 31 days 2,295 sqft
    2021-09-01 31 days 2,277 sqft
    2021-10-01 36 days 2,228 sqft
    2021-11-01 38 days 2,355 sqft
    2021-12-01 47 days 2,288 sqft
    2022-01-01 36 days 2,447 sqft
    2022-02-01 20 days 2,471 sqft
    2022-03-01 18 days 2,366 sqft
    2022-04-01 16 days 2,481 sqft
    2022-05-01 16 days 2,519 sqft
    2022-06-01 22 days 2,539 sqft
    2022-07-01 30 days 2,500 sqft
    2022-08-01 36 days 2,360 sqft
    2022-09-01 42 days 2,398 sqft
    2022-10-01 43 days 2,424 sqft
    2022-11-01 51 days 2,480 sqft
    2022-12-01 70 days 2,435 sqft
    Boulder's median listing age (time on market) for 2022-12-01 was 70 days. This is 51% longer than the same period one year ago.

    Boulder's median square footage for active listings during the 2022-12-01 period was 2,435 sqft. One year prior, the average listing was 2,288 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.