Breckenridge VA Loan Rates, Closing Costs & Stats

Breckenridge, 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.

    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 0.31% for the week of 2022-11-25, compared to the national average (all VA variants) of 0% for the same period.

    Breckenridge's average VA mortgage closing costs are $8,434.

    The average rate for the prior week (2022-11-18) was 6.6% and one month ago for the week of 2022-10-21, the average rate was 7.05%.

    The average rate one year ago was 3.43%.

    For refis of the same type during the week of 2022-11-25, the average rate was 0.12%.

    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/closing costs 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. Closing Costs
    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 $1,094,750 (10.0%) $1,523,271 (11.4%) 0.00 267
    2018-02-01 $1,024,000 (9.7%) $1,499,438 (8.5%) 0.00 273
    2018-03-01 $949,000 (6.5%) $1,445,226 (6.9%) 0.00 300
    2018-04-01 $839,000 (-5.7%) $1,335,104 (3.5%) 0.00 353
    2018-05-01 $814,000 (-2.5%) $1,322,119 (7.2%) 0.00 363
    2018-06-01 $855,000 (0.7%) $1,340,331 (9.8%) 0.00 442
    2018-07-01 $913,500 (4.4%) $1,393,001 (9.8%) 0.00 503
    2018-08-01 $925,750 (8.0%) $1,407,047 (11.0%) 0.00 512
    2018-09-01 $929,000 (0.5%) $1,436,871 (8.4%) 0.00 487
    2018-10-01 $914,000 (-7.5%) $1,458,991 (1.9%) 0.00 449
    2018-11-01 $948,250 (-11.7%) $1,481,345 (-2.4%) 0.00 405
    2018-12-01 $968,750 (-9.3%) $1,547,372 (0.7%) 0.00 366
    2019-01-01 $922,000 (-15.8%) $1,542,808 (1.3%) 0.00 341
    2019-02-01 $816,000 (-20.3%) $1,427,096 (-4.8%) 0.00 360
    2019-03-01 $750,429 (-20.9%) $1,280,574 (-11.4%) 0.00 430
    2019-04-01 $644,250 (-23.2%) $1,096,735 (-17.9%) 0.00 528
    2019-05-01 $639,225 (-21.5%) $1,054,213 (-20.3%) 0.00 595
    2019-06-01 $649,000 (-24.1%) $1,050,754 (-21.6%) 0.00 726
    2019-07-01 $649,000 (-29.0%) $1,063,280 (-23.7%) 0.00 824
    2019-08-01 $644,273 (-30.4%) $1,054,435 (-25.1%) 0.00 837
    2019-09-01 $635,682 (-31.6%) $1,035,914 (-27.9%) 0.00 806
    2019-10-01 $629,955 (-31.1%) $1,029,246 (-29.5%) 0.00 772
    2019-11-01 $692,000 (-27.0%) $1,180,976 (-20.3%) 0.00 718
    2019-12-01 $678,225 (-30.0%) $1,134,738 (-26.7%) 0.00 716
    2020-01-01 $645,000 (-30.0%) $1,035,997 (-32.9%) 0.00 722
    2020-02-01 $689,000 (-15.6%) $1,180,557 (-17.3%) 0.00 619
    2020-03-01 $675,000 (-10.1%) $1,154,753 (-9.8%) 0.00 665
    2020-04-01 $663,750 (3.0%) $1,104,414 (0.7%) 0.00 696
    2020-05-01 $649,900 (1.7%) $1,079,527 (2.4%) 0.00 754
    2020-06-01 $664,975 (2.5%) $1,057,983 (0.7%) 0.00 953
    2020-07-01 $673,750 (3.8%) $1,072,146 (0.8%) 0.00 1,053
    2020-08-01 $689,000 (6.9%) $1,124,630 (6.7%) 0.00 1,018
    2020-09-01 $682,000 (7.3%) $1,148,503 (10.9%) 0.00 935
    2020-10-01 $692,000 (9.9%) $1,183,486 (15.0%) 0.00 800
    2020-11-01 $699,975 (1.2%) $1,236,400 (4.7%) 0.00 623
    2020-12-01 $700,000 (3.2%) $1,252,779 (10.4%) 0.00 551
    2021-01-01 $723,500 (12.2%) $1,260,537 (21.7%) 0.00 526
    2021-02-01 $709,000 (2.9%) $1,188,055 (0.6%) 0.00 563
    2021-03-01 $739,500 (9.6%) $1,271,975 (10.2%) 0.00 552
    2021-04-01 $777,250 (17.1%) $1,350,139 (22.3%) 0.00 555
    2021-05-01 $799,000 (22.9%) $1,335,693 (23.7%) 0.00 587
    2021-06-01 $830,000 (24.8%) $1,353,594 (27.9%) 0.00 613
    2021-07-01 $829,900 (23.2%) $1,341,819 (25.2%) 0.00 673
    2021-08-01 $839,000 (21.8%) $1,454,955 (29.4%) 0.00 697
    2021-09-01 $885,000 (29.8%) $1,476,935 (28.6%) 0.00 708
    2021-10-01 $949,000 (37.1%) $1,527,455 (29.1%) 0.00 626
    2021-11-01 $953,750 (36.3%) $1,612,665 (30.4%) 0.00 513
    2021-12-01 $999,000 (42.7%) $1,751,965 (39.9%) 0.00 464
    2022-01-01 $1,068,677 (47.7%) $1,845,601 (46.4%) 0.00 450
    2022-02-01 $1,017,500 (43.5%) $1,764,990 (48.6%) 0.00 500
    2022-03-01 $1,073,294 (45.1%) $1,799,122 (41.4%) 0.00 524
    2022-04-01 $1,125,000 (44.7%) $1,831,814 (35.7%) 0.00 543
    2022-05-01 $1,131,000 (41.6%) $1,842,401 (37.9%) 0.00 612
    2022-06-01 $1,157,500 (39.5%) $1,846,409 (36.4%) 0.00 700
    2022-07-01 $1,177,500 (41.9%) $1,843,132 (37.4%) 0.00 849
    2022-08-01 $1,192,500 (42.1%) $1,890,162 (29.9%) 0.00 875
    2022-09-01 $1,234,000 (39.4%) $1,878,967 (27.2%) 0.00 871
    2022-10-01 $1,250,000 (31.7%) $1,942,251 (27.2%) 0.00 764
    Breckenridge's median listing price for 2022-10-01 was $1,250,000, a difference of $301,000 (31.7%) versus the prior year and $16,000 versus the prior month.

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

    Breckenridge's average listing price for 2022-10-01 was $1,942,251, a difference of $414,796 (27.2%) versus the prior year and $63,284 versus the prior month.

    For the 2022-10-01 period, Breckenridge had 764 MLS listings, a difference of -107 listings (-12%) versus the prior month and 138 listings (22%) 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 2,268 sqft
    2018-02-01 0 days 2,115 sqft
    2018-03-01 0 days 2,035 sqft
    2018-04-01 0 days 1,837 sqft
    2018-05-01 0 days 1,821 sqft
    2018-06-01 0 days 1,852 sqft
    2018-07-01 0 days 1,987 sqft
    2018-08-01 0 days 1,988 sqft
    2018-09-01 0 days 2,056 sqft
    2018-10-01 0 days 2,027 sqft
    2018-11-01 0 days 1,959 sqft
    2018-12-01 0 days 2,006 sqft
    2019-01-01 0 days 1,819 sqft
    2019-02-01 0 days 1,590 sqft
    2019-03-01 0 days 1,420 sqft
    2019-04-01 0 days 1,206 sqft
    2019-05-01 0 days 1,200 sqft
    2019-06-01 0 days 1,202 sqft
    2019-07-01 0 days 1,266 sqft
    2019-08-01 0 days 1,321 sqft
    2019-09-01 0 days 1,312 sqft
    2019-10-01 0 days 1,304 sqft
    2019-11-01 0 days 1,426 sqft
    2019-12-01 0 days 1,328 sqft
    2020-01-01 0 days 1,176 sqft
    2020-02-01 0 days 1,228 sqft
    2020-03-01 0 days 1,214 sqft
    2020-04-01 0 days 1,215 sqft
    2020-05-01 0 days 1,220 sqft
    2020-06-01 0 days 1,255 sqft
    2020-07-01 0 days 1,304 sqft
    2020-08-01 0 days 1,335 sqft
    2020-09-01 0 days 1,249 sqft
    2020-10-01 0 days 1,231 sqft
    2020-11-01 0 days 1,246 sqft
    2020-12-01 0 days 1,232 sqft
    2021-01-01 0 days 1,244 sqft
    2021-02-01 0 days 1,246 sqft
    2021-03-01 0 days 1,246 sqft
    2021-04-01 0 days 1,246 sqft
    2021-05-01 0 days 1,246 sqft
    2021-06-01 0 days 1,320 sqft
    2021-07-01 0 days 1,359 sqft
    2021-08-01 0 days 1,375 sqft
    2021-09-01 0 days 1,381 sqft
    2021-10-01 0 days 1,474 sqft
    2021-11-01 0 days 1,581 sqft
    2021-12-01 0 days 1,581 sqft
    2022-01-01 0 days 1,580 sqft
    2022-02-01 0 days 1,395 sqft
    2022-03-01 0 days 1,385 sqft
    2022-04-01 0 days 1,449 sqft
    2022-05-01 0 days 1,473 sqft
    2022-06-01 0 days 1,482 sqft
    2022-07-01 0 days 1,565 sqft
    2022-08-01 0 days 1,608 sqft
    2022-09-01 0 days 1,580 sqft
    2022-10-01 0 days 1,547 sqft
    Breckenridge's median listing age (time on market) for 2022-10-01 was 0 days.

    Breckenridge's median square footage for active listings during the 2022-10-01 period was 1,547 sqft. One year prior, the average listing was 1,474 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.