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 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 -0.46% for the week of 2023-06-02, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2023-05-26) was 5.87% and one month ago for the week of 2023-04-28, the average rate was 5.93%.

    The average rate one year ago was 4.58%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.69%.

    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 $657,500 (-3.6%) $1,111,896 (-8.2%) 2.44 476
    2018-02-01 $727,250 (4.8%) $1,215,896 (-2.4%) 2.64 476
    2018-03-01 $749,995 (8.2%) $1,185,477 (-1.0%) 2.63 530
    2018-04-01 $749,400 (7.8%) $1,185,645 (1.9%) 2.54 658
    2018-05-01 $745,426 (7.0%) $1,162,366 (5.2%) 2.49 741
    2018-06-01 $718,250 (5.0%) $1,082,620 (3.7%) 2.40 849
    2018-07-01 $704,925 (6.8%) $1,060,091 (2.7%) 2.35 881
    2018-08-01 $660,975 (2.8%) $1,006,141 (0.1%) 2.21 936
    2018-09-01 $642,200 (1.2%) $985,540 (-0.9%) 2.16 945
    2018-10-01 $643,500 (-1.0%) $1,001,634 (-3.1%) 2.18 921
    2018-11-01 $644,000 (-0.9%) $1,030,615 (-3.8%) 2.18 809
    2018-12-01 $660,000 (0.8%) $1,037,547 (-7.5%) 2.28 670
    2019-01-01 $631,225 (-4.0%) $1,010,506 (-9.1%) 2.18 612
    2019-02-01 $649,450 (-10.7%) $1,021,671 (-16.0%) 2.19 663
    2019-03-01 $643,004 (-14.3%) $1,034,596 (-12.7%) 2.10 756
    2019-04-01 $657,082 (-12.3%) $1,035,090 (-12.7%) 2.09 864
    2019-05-01 $660,698 (-11.4%) $1,037,347 (-10.8%) 2.07 1,000
    2019-06-01 $669,000 (-6.9%) $1,040,863 (-3.9%) 2.09 1,093
    2019-07-01 $679,250 (-3.6%) $1,021,320 (-3.7%) 2.13 1,176
    2019-08-01 $666,357 (0.8%) $1,005,535 (-0.1%) 2.11 1,177
    2019-09-01 $668,392 (4.1%) $1,010,101 (2.5%) 2.14 1,163
    2019-10-01 $669,261 (4.0%) $1,013,145 (1.2%) 2.16 1,141
    2019-11-01 $664,973 (3.3%) $1,027,044 (-0.4%) 2.18 975
    2019-12-01 $665,425 (0.8%) $1,066,485 (2.8%) 2.22 755
    2020-01-01 $650,000 (3.0%) $1,058,931 (4.8%) 2.17 615
    2020-02-01 $691,500 (6.5%) $1,106,309 (8.3%) 2.27 595
    2020-03-01 $720,198 (12.0%) $1,107,385 (7.0%) 2.26 633
    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 $746,228 (11.5%) $1,078,146 (3.6%) 2.20 955
    2020-07-01 $749,725 (10.4%) $1,089,943 (6.7%) 2.17 888
    2020-08-01 $759,450 (14.0%) $1,122,531 (11.6%) 2.18 803
    2020-09-01 $714,850 (7.0%) $1,110,131 (9.9%) 2.05 798
    2020-10-01 $742,655 (11.0%) $1,171,475 (15.6%) 2.13 774
    2020-11-01 $760,738 (14.4%) $1,219,427 (18.7%) 2.22 598
    2020-12-01 $797,400 (19.8%) $1,297,832 (21.7%) 2.37 475
    2021-01-01 $850,827 (30.9%) $1,354,155 (27.9%) 2.54 362
    2021-02-01 $886,000 (28.1%) $1,346,694 (21.7%) 2.58 308
    2021-03-01 $844,000 (17.2%) $1,362,872 (23.1%) 2.40 287
    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 $807,475 (8.2%) $1,294,936 (20.1%) 2.13 433
    2021-07-01 $786,250 (4.9%) $1,258,810 (15.5%) 2.07 445
    2021-08-01 $758,500 (-0.1%) $1,198,094 (6.7%) 2.02 473
    2021-09-01 $750,000 (4.9%) $1,154,775 (4.0%) 2.00 464
    2021-10-01 $796,000 (7.2%) $1,214,778 (3.7%) 2.12 395
    2021-11-01 $811,975 (6.7%) $1,333,273 (9.3%) 2.17 299
    2021-12-01 $804,950 (1.0%) $1,344,914 (3.6%) 2.18 416
    2022-01-01 $825,000 (-3.0%) $1,522,455 (12.4%) 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%) 2.09 256
    2022-05-01 $870,000 (8.8%) $1,422,370 (5.6%) 1.99 472
    2022-06-01 $887,500 (9.9%) $1,415,625 (9.3%) 1.98 635
    2022-07-01 $864,000 (9.9%) $1,355,758 (7.7%) 1.95 760
    2022-08-01 $829,000 (9.3%) $1,312,519 (9.6%) 1.92 811
    2022-09-01 $834,500 (11.3%) $1,342,114 (16.2%) 1.95 793
    2022-10-01 $825,000 (3.6%) $1,352,223 (11.3%) 1.94 799
    2022-11-01 $835,500 (2.9%) $1,405,351 (5.4%) 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%) $1,605,730 (7.8%) 2.29 619
    2023-05-01 $985,000 (13.2%) $1,564,845 (10.0%) 2.23 720
    Boulder's median listing price for 2023-05-01 was $985,000, a difference of $115,000 (13.2%) versus the prior year and $2,450 versus the prior month.

    Boulder's median listing price comes in at 223% of the national average.

    Boulder's average listing price for 2023-05-01 was $1,564,845, a difference of $142,475 (10.0%) versus the prior year and $-40,885 versus the prior month.

    For the 2023-05-01 period, Boulder had 720 MLS listings, a difference of 101 listings (16%) versus the prior month and 248 listings (53%) 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 2,985 sqft
    2018-02-01 39 days 3,133 sqft
    2018-03-01 35 days 3,073 sqft
    2018-04-01 30 days 3,082 sqft
    2018-05-01 31 days 2,990 sqft
    2018-06-01 31 days 2,937 sqft
    2018-07-01 37 days 2,755 sqft
    2018-08-01 43 days 2,578 sqft
    2018-09-01 46 days 2,589 sqft
    2018-10-01 45 days 2,600 sqft
    2018-11-01 53 days 2,594 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 2,635 sqft
    2019-07-01 40 days 2,601 sqft
    2019-08-01 44 days 2,548 sqft
    2019-09-01 48 days 2,541 sqft
    2019-10-01 51 days 2,524 sqft
    2019-11-01 58 days 2,524 sqft
    2019-12-01 74 days 2,585 sqft
    2020-01-01 74 days 2,544 sqft
    2020-02-01 38 days 2,558 sqft
    2020-03-01 37 days 2,566 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 43 days 2,447 sqft
    2020-08-01 42 days 2,381 sqft
    2020-09-01 38 days 2,297 sqft
    2020-10-01 40 days 2,296 sqft
    2020-11-01 51 days 2,315 sqft
    2020-12-01 68 days 2,325 sqft
    2021-01-01 80 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 2,300 sqft
    2021-06-01 18 days 2,355 sqft
    2021-07-01 31 days 2,354 sqft
    2021-08-01 30 days 2,295 sqft
    2021-09-01 30 days 2,277 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 2,366 sqft
    2022-09-01 41 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 2,633 sqft
    2023-04-01 36 days 2,712 sqft
    2023-05-01 32 days 2,635 sqft
    Boulder's median listing age (time on market) for 2023-05-01 was 32 days. This is 102% longer than the same period one year ago.

    Boulder's median square footage for active listings during the 2023-05-01 period was 2,635 sqft. One year prior, the average listing was 2,520 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.