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%.

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.