Breckenridge VA Loans

Breckenridge, CO

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 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.

    Breckenridge's 22 lenders originated 44 VA loans during 2021. The total origination value was $24,780,000, with an average VA loan value of $563,182.

    Breckenridge VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Breckenridge averaged 5.53% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

    The average rate for the prior week (2022-07-29) was 5.28% and one month ago for the week of 2022-07-01, the average rate was 5.7%.

    The average rate one year ago was 2.88%.

    For refis of the same type during the week of 2022-08-05, the average rate was 5.03%.

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

    Breckenridge VA Loan Lenders by Rates & Fees

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

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 6 2.35% $11,211
    UNITED WHOLESALE MORTGAGE, LLC 5 2.48% $6,750
    FREEDOM MORTGAGE CORPORATION 4 2.13% $5,599
    PENNYMAC LOAN SERVICES, LLC 3 2.33% $22,097
    Mortgage Research Center, LLC 2 2.56% $24,416
    CLEARPATH LENDING 2 2.00% $5,140
    LOANDEPOT.COM, LLC 2 2.25% $3,414
    USAA Federal Savings Bank 2 2.81% $4,057
    CMG MORTGAGE, INC. 2 2.81% $68,720
    NBH Bank 1 3.00% $5,303
    Plains Commerce Bank 1 2.50% $3,341
    The Federal Savings Bank 1 2.25% $884
    AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $4,200
    Wells Fargo Bank 1 2.25% $12,512
    BOKF 1 3.00% $4,844
    CALIBER HOME LOANS, INC. 1 2.25% $7,179
    CANOPY MORTGAGE, LLC 1 2.25% $2,043
    CROSSCOUNTRY MORTGAGE, LLC 1 2.25% $3,268
    FINANCE OF AMERICA MORTGAGE LLC 1 2.25% $1,766
    MOVEMENT MORTGAGE, LLC 1 2.75% $5,647
    Mr. Cooper ( Nationstar Mortgage ) 1 2.75% $5,396
    NAVY FEDERAL CREDIT UNION 1 2.25% $13,234

    The top Breckenridge VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 6 VA loans originated. Their average total fees are $11,211, which is $4,461 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Breckenridge VA lenders (with over 10 loans originated) are .

    The lowest rate Breckenridge VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Breckenridge (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 $1,083,500 (13.0%) $1,509,135 (11.8%) 0.00 290
    2018-02-01 $1,013,500 (13.0%) $1,488,019 (10.7%) 0.00 293
    2018-03-01 $949,000 (7.8%) $1,441,464 (9.6%) 0.00 319
    2018-04-01 $839,000 (-1.3%) $1,321,837 (5.9%) 0.00 387
    2018-05-01 $812,000 (-1.9%) $1,298,731 (8.3%) 0.00 397
    2018-06-01 $849,000 (0.0%) $1,326,467 (10.5%) 0.00 470
    2018-07-01 $884,450 (1.2%) $1,378,123 (10.2%) 0.00 540
    2018-08-01 $892,500 (5.7%) $1,397,395 (12.4%) 0.00 547
    2018-09-01 $897,500 (0.3%) $1,438,882 (10.8%) 0.00 524
    2018-10-01 $890,750 (-8.8%) $1,457,031 (3.9%) 0.00 485
    2018-11-01 $907,000 (-9.3%) $1,478,509 (0.5%) 0.00 442
    2018-12-01 $959,000 (-4.1%) $1,541,667 (3.4%) 0.00 400
    2019-01-01 $877,500 (-19.0%) $1,549,139 (2.7%) 0.00 368
    2019-02-01 $769,000 (-24.1%) $1,390,059 (-6.6%) 0.00 397
    2019-03-01 $709,714 (-25.2%) $1,249,377 (-13.3%) 0.00 475
    2019-04-01 $639,000 (-23.8%) $1,050,708 (-20.5%) 0.00 615
    2019-05-01 $644,000 (-20.7%) $1,016,288 (-21.8%) 0.00 699
    2019-06-01 $635,000 (-25.2%) $999,333 (-24.7%) 0.00 859
    2019-07-01 $649,000 (-26.6%) $1,016,063 (-26.3%) 0.00 956
    2019-08-01 $632,286 (-29.2%) $1,006,323 (-28.0%) 0.00 997
    2019-09-01 $612,786 (-31.7%) $983,403 (-31.7%) 0.00 987
    2019-10-01 $619,000 (-30.5%) $979,430 (-32.8%) 0.00 907
    2019-11-01 $639,000 (-29.6%) $997,510 (-32.5%) 0.00 986
    2019-12-01 $644,950 (-32.8%) $1,006,301 (-34.7%) 0.00 885
    2020-01-01 $642,450 (-26.8%) $1,026,803 (-33.7%) 0.00 769
    2020-02-01 $675,000 (-12.2%) $1,181,592 (-15.0%) 0.00 645
    2020-03-01 $674,900 (-4.9%) $1,159,092 (-7.2%) 0.00 691
    2020-04-01 $659,000 (3.1%) $1,110,394 (5.7%) 0.00 733
    2020-05-01 $645,000 (0.2%) $1,083,638 (6.6%) 0.00 792
    2020-06-01 $652,500 (2.8%) $1,039,589 (4.0%) 0.00 1,005
    2020-07-01 $662,400 (2.1%) $1,047,032 (3.1%) 0.00 1,108
    2020-08-01 $675,000 (6.8%) $1,091,267 (8.4%) 0.00 1,052
    2020-09-01 $675,000 (10.2%) $1,111,455 (13.0%) 0.00 957
    2020-10-01 $675,000 (9.1%) $1,144,905 (16.9%) 0.00 818
    2020-11-01 $695,500 (8.8%) $1,191,280 (19.4%) 0.00 635
    2020-12-01 $699,000 (8.4%) $1,207,007 (19.9%) 0.00 567
    2021-01-01 $710,000 (10.5%) $1,214,686 (18.3%) 0.00 541
    2021-02-01 $682,000 (1.0%) $1,103,967 (-6.6%) 0.00 602
    2021-03-01 $710,000 (5.2%) $1,190,107 (2.7%) 0.00 590
    2021-04-01 $749,000 (13.7%) $1,264,665 (13.9%) 0.00 582
    2021-05-01 $765,000 (18.6%) $1,239,908 (14.4%) 0.00 615
    2021-06-01 $792,500 (21.5%) $1,264,338 (21.6%) 0.00 647
    2021-07-01 $782,000 (18.1%) $1,269,385 (21.2%) 0.00 723
    2021-08-01 $780,250 (15.6%) $1,334,778 (22.3%) 0.00 762
    2021-09-01 $817,000 (21.0%) $1,334,603 (20.1%) 0.00 747
    2021-10-01 $849,000 (25.8%) $1,401,055 (22.4%) 0.00 663
    2021-11-01 $855,000 (22.9%) $1,546,866 (29.9%) 0.00 547
    2021-12-01 $895,000 (28.0%) $1,658,192 (37.4%) 0.00 500
    2022-01-01 $950,000 (33.8%) $1,760,710 (45.0%) 0.00 462
    2022-02-01 $907,500 (33.1%) $1,673,926 (51.6%) 0.00 519
    2022-03-01 $946,500 (33.3%) $1,730,380 (45.4%) 0.00 544
    2022-04-01 $1,068,677 (42.7%) $1,737,546 (37.4%) 0.00 562
    2022-05-01 $1,068,677 (39.7%) $1,770,142 (42.8%) 0.00 640
    2022-06-01 $1,056,354 (33.3%) $1,791,178 (41.7%) 0.00 747
    Breckenridge's median listing price for 2022-06-01 was $1,056,354, a difference of $263,854 (33.3%) versus the prior year and $-12,323 versus the prior month.

    Breckenridge's median listing price comes in at 0% of the national average.

    Breckenridge's average listing price for 2022-06-01 was $1,791,178, a difference of $526,840 (41.7%) versus the prior year and $21,036 versus the prior month.

    For the 2022-06-01 period, Breckenridge had 747 MLS listings, a difference of 107 listings (17%) versus the prior month and 100 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Breckenridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,329 sqft
    2018-02-01 0 days 2,133 sqft
    2018-03-01 0 days 2,051 sqft
    2018-04-01 0 days 1,924 sqft
    2018-05-01 0 days 1,847 sqft
    2018-06-01 0 days 1,954 sqft
    2018-07-01 0 days 2,004 sqft
    2018-08-01 0 days 1,999 sqft
    2018-09-01 0 days 2,051 sqft
    2018-10-01 0 days 2,027 sqft
    2018-11-01 0 days 1,941 sqft
    2018-12-01 0 days 2,030 sqft
    2019-01-01 0 days 1,700 sqft
    2019-02-01 0 days 1,562 sqft
    2019-03-01 0 days 1,408 sqft
    2019-04-01 0 days 1,197 sqft
    2019-05-01 0 days 1,175 sqft
    2019-06-01 0 days 1,183 sqft
    2019-07-01 0 days 1,200 sqft
    2019-08-01 0 days 1,203 sqft
    2019-09-01 0 days 1,200 sqft
    2019-10-01 0 days 1,212 sqft
    2019-11-01 0 days 1,216 sqft
    2019-12-01 0 days 1,200 sqft
    2020-01-01 0 days 1,193 sqft
    2020-02-01 0 days 1,233 sqft
    2020-03-01 0 days 1,220 sqft
    2020-04-01 0 days 1,220 sqft
    2020-05-01 0 days 1,223 sqft
    2020-06-01 0 days 1,223 sqft
    2020-07-01 0 days 1,253 sqft
    2020-08-01 0 days 1,291 sqft
    2020-09-01 0 days 1,232 sqft
    2020-10-01 0 days 1,223 sqft
    2020-11-01 0 days 1,240 sqft
    2020-12-01 0 days 1,228 sqft
    2021-01-01 0 days 1,238 sqft
    2021-02-01 0 days 1,234 sqft
    2021-03-01 0 days 1,224 sqft
    2021-04-01 0 days 1,235 sqft
    2021-05-01 0 days 1,223 sqft
    2021-06-01 0 days 1,246 sqft
    2021-07-01 0 days 1,320 sqft
    2021-08-01 0 days 1,336 sqft
    2021-09-01 0 days 1,309 sqft
    2021-10-01 0 days 1,336 sqft
    2021-11-01 0 days 1,385 sqft
    2021-12-01 0 days 1,385 sqft
    2022-01-01 0 days 1,397 sqft
    2022-02-01 0 days 1,383 sqft
    2022-03-01 0 days 1,349 sqft
    2022-04-01 0 days 1,380 sqft
    2022-05-01 0 days 1,397 sqft
    2022-06-01 0 days 1,397 sqft
    Breckenridge's median listing age (time on market) for 2022-06-01 was 0 days.

    Breckenridge's median square footage for active listings during the 2022-06-01 period was 1,397 sqft. One year prior, the average listing was 1,246 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.