Breckenridge VA Loans

Breckenridge, 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 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.