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 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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.