Cañon City VA Loan Rates, Closing Costs & Stats
Cañon City, 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.
Cañon City's 41 lenders originated 139 VA loans during 2023. The total origination value was $48,545,000, with an average VA loan value of $349,245.
Cañon City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Cañon City
averaged
5.87%
for the week of 2024-10-04, compared to the national average (all VA variants) of
5.596% for the same period.
Cañon City's average VA mortgage closing costs are $6,075.
The average rate for the prior week (2024-09-27) was
5.9% and
one month ago for the week of 2024-08-30, the
average rate was 6.02%.
The average rate one year ago was 7.06%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.4%.
Cañon City 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 Cañon City level.
The top Cañon City VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
24 VA loans originated. Their average total fees are
$7,624, which is $64
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Cañon City VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($3,720), Mortgage Research Center, LLC ($7,560), UNITED WHOLESALE MORTGAGE, LLC ($7,624), QUICKEN LOANS, LLC ($12,565) and .
The lowest rate Cañon City VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION (5.83%), UNITED WHOLESALE MORTGAGE, LLC (6.12%), QUICKEN LOANS, LLC (6.38%), Mortgage Research Center, LLC (6.65%) and .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cañon City (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 | $279,975 (13.8%) | $388,350 (11.5%) | 0.00 | 168 |
2018-02-01 | $291,250 (20.1%) | $399,052 (14.0%) | 0.00 | 163 |
2018-03-01 | $302,500 (5.6%) | $369,987 (0.7%) | 0.00 | 163 |
2018-04-01 | $324,190 (11.8%) | $389,474 (0.7%) | 0.00 | 178 |
2018-05-01 | $320,979 (-0.5%) | $422,219 (6.4%) | 0.00 | 203 |
2018-06-01 | $328,257 (9.6%) | $428,161 (12.5%) | 0.00 | 229 |
2018-07-01 | $317,500 (8.7%) | $421,987 (14.9%) | 0.00 | 229 |
2018-08-01 | $313,700 (6.4%) | $410,276 (9.6%) | 0.00 | 239 |
2018-09-01 | $300,000 (4.0%) | $399,491 (5.4%) | 0.00 | 251 |
2018-10-01 | $299,900 (-6.6%) | $390,066 (-3.0%) | 0.00 | 262 |
2018-11-01 | $314,150 (7.7%) | $396,164 (2.2%) | 0.00 | 244 |
2018-12-01 | $299,900 (9.0%) | $399,824 (4.9%) | 0.00 | 216 |
2019-01-01 | $299,900 (7.1%) | $401,195 (3.3%) | 0.00 | 204 |
2019-02-01 | $311,575 (7.0%) | $405,333 (1.6%) | 0.00 | 187 |
2019-03-01 | $326,400 (7.9%) | $418,127 (13.0%) | 0.00 | 195 |
2019-04-01 | $329,000 (1.5%) | $430,669 (10.6%) | 0.00 | 205 |
2019-05-01 | $321,990 (0.3%) | $412,634 (-2.3%) | 0.00 | 216 |
2019-06-01 | $326,850 (-0.4%) | $421,043 (-1.7%) | 0.00 | 234 |
2019-07-01 | $325,463 (2.5%) | $423,108 (0.3%) | 0.00 | 253 |
2019-08-01 | $322,259 (2.7%) | $422,832 (3.1%) | 0.00 | 255 |
2019-09-01 | $318,148 (6.1%) | $416,653 (4.3%) | 0.00 | 256 |
2019-10-01 | $315,432 (5.2%) | $412,765 (5.8%) | 0.00 | 257 |
2019-11-01 | $312,000 (-0.7%) | $405,411 (2.3%) | 0.00 | 234 |
2019-12-01 | $298,700 (-0.4%) | $402,320 (0.6%) | 0.00 | 232 |
2020-01-01 | $285,000 (-5.0%) | $403,671 (0.6%) | 0.00 | 218 |
2020-02-01 | $310,000 (-0.5%) | $426,383 (5.2%) | 0.00 | 200 |
2020-03-01 | $325,000 (-0.4%) | $447,176 (7.0%) | 0.00 | 202 |
2020-04-01 | $328,450 (-0.2%) | $449,283 (4.3%) | 0.00 | 192 |
2020-05-01 | $350,950 (9.0%) | $448,460 (8.7%) | 0.00 | 190 |
2020-06-01 | $350,000 (7.1%) | $459,290 (9.1%) | 0.00 | 193 |
2020-07-01 | $358,000 (10.0%) | $462,989 (9.4%) | 0.00 | 181 |
2020-08-01 | $356,500 (10.6%) | $483,476 (14.3%) | 0.00 | 172 |
2020-09-01 | $345,125 (8.5%) | $470,786 (13.0%) | 0.00 | 158 |
2020-10-01 | $354,000 (12.2%) | $468,134 (13.4%) | 0.00 | 139 |
2020-11-01 | $359,925 (15.4%) | $474,472 (17.0%) | 0.00 | 123 |
2020-12-01 | $349,365 (17.0%) | $453,356 (12.7%) | 0.00 | 123 |
2021-01-01 | $349,758 (22.7%) | $446,043 (10.5%) | 0.00 | 100 |
2021-02-01 | $329,400 (6.3%) | $429,230 (0.7%) | 0.00 | 87 |
2021-03-01 | $364,250 (12.1%) | $441,684 (-1.2%) | 0.00 | 74 |
2021-04-01 | $385,794 (17.5%) | $466,430 (3.8%) | 0.00 | 70 |
2021-05-01 | $428,500 (22.1%) | $533,418 (18.9%) | 0.00 | 67 |
2021-06-01 | $408,250 (16.6%) | $584,357 (27.2%) | 0.00 | 91 |
2021-07-01 | $410,000 (14.5%) | $604,915 (30.7%) | 0.00 | 100 |
2021-08-01 | $399,750 (12.1%) | $575,440 (19.0%) | 0.00 | 118 |
2021-09-01 | $393,817 (14.1%) | $521,250 (10.7%) | 0.00 | 151 |
2021-10-01 | $359,000 (1.4%) | $486,815 (4.0%) | 0.00 | 144 |
2021-11-01 | $371,200 (3.1%) | $544,493 (14.8%) | 0.00 | 125 |
2021-12-01 | $381,225 (9.1%) | $614,033 (35.4%) | 0.00 | 106 |
2022-01-01 | $400,000 (14.4%) | $686,219 (53.9%) | 0.00 | 98 |
2022-02-01 | $415,000 (26.0%) | $730,167 (70.1%) | 0.00 | 85 |
2022-03-01 | $442,999 (21.6%) | $754,172 (70.8%) | 0.00 | 77 |
2022-04-01 | $437,500 (13.4%) | $703,478 (50.8%) | 0.00 | 99 |
2022-05-01 | $431,975 (0.8%) | $642,517 (20.5%) | 0.00 | 136 |
2022-06-01 | $416,750 (2.1%) | $595,475 (1.9%) | 0.00 | 161 |
2022-07-01 | $404,950 (-1.2%) | $575,843 (-4.8%) | 0.00 | 205 |
2022-08-01 | $420,875 (5.3%) | $594,880 (3.4%) | 0.00 | 224 |
2022-09-01 | $398,250 (1.1%) | $584,667 (12.2%) | 0.00 | 236 |
2022-10-01 | $375,000 (4.5%) | $564,798 (16.0%) | 0.00 | 237 |
2022-11-01 | $371,450 (0.1%) | $513,841 (-5.6%) | 0.00 | 226 |
2022-12-01 | $369,000 (-3.2%) | $502,094 (-18.2%) | 0.00 | 205 |
2023-01-01 | $364,125 (-9.0%) | $501,468 (-26.9%) | 0.00 | 179 |
2023-02-01 | $363,938 (-12.3%) | $524,111 (-28.2%) | 0.00 | 149 |
2023-03-01 | $394,500 (-11.0%) | $537,509 (-28.7%) | 0.00 | 147 |
2023-04-01 | $437,900 (0.1%) | $566,451 (-19.5%) | 0.00 | 149 |
2023-05-01 | $455,000 (5.3%) | $610,856 (-4.9%) | 0.00 | 140 |
2023-06-01 | $463,700 (11.3%) | $624,827 (4.9%) | 0.00 | 153 |
2023-07-01 | $475,000 (17.3%) | $631,032 (9.6%) | 0.00 | 171 |
2023-08-01 | $475,000 (12.9%) | $606,734 (2.0%) | 0.00 | 180 |
2023-09-01 | $455,000 (14.3%) | $599,160 (2.5%) | 0.00 | 196 |
2023-10-01 | $429,250 (14.5%) | $559,827 (-0.9%) | 0.00 | 205 |
2023-11-01 | $420,000 (13.1%) | $544,059 (5.9%) | 0.00 | 211 |
2023-12-01 | $425,000 (15.2%) | $530,246 (5.6%) | 0.00 | 189 |
2024-01-01 | $424,975 (16.7%) | $517,484 (3.2%) | 0.00 | 177 |
2024-02-01 | $422,000 (16.0%) | $535,309 (2.1%) | 0.00 | 164 |
2024-03-01 | $437,500 (10.9%) | $522,672 (-2.8%) | 0.00 | 153 |
2024-04-01 | $452,500 (3.3%) | $514,243 (-9.2%) | 0.00 | 172 |
2024-05-01 | $454,750 (-0.1%) | $535,612 (-12.3%) | 0.00 | 200 |
2024-06-01 | $455,000 (-1.9%) | $560,771 (-10.3%) | 0.00 | 222 |
2024-07-01 | $459,000 (-3.4%) | $579,962 (-8.1%) | 0.00 | 236 |
2024-08-01 | $459,900 (-3.2%) | $590,465 (-2.7%) | 0.00 | 253 |
2024-09-01 | $454,975 (0.0%) | $586,060 (-2.2%) | 0.00 | 269 |
Cañon City's median listing price comes in at 0% of the national average.
Cañon City's average listing price for 2024-09-01 was $586,060, a difference of $-13,100 (-2.2%) versus the prior year and $-4,405 versus the prior month.
For the 2024-09-01 period, Cañon City had 269 MLS listings, a difference of 16 listings (6%) versus the prior month and 73 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cañon City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,075 sqft |
2018-02-01 | 0 days | 2,117 sqft |
2018-03-01 | 0 days | 2,208 sqft |
2018-04-01 | 0 days | 2,342 sqft |
2018-05-01 | 0 days | 2,191 sqft |
2018-06-01 | 0 days | 2,179 sqft |
2018-07-01 | 0 days | 2,140 sqft |
2018-08-01 | 0 days | 2,082 sqft |
2018-09-01 | 0 days | 1,945 sqft |
2018-10-01 | 0 days | 1,997 sqft |
2018-11-01 | 0 days | 1,942 sqft |
2018-12-01 | 0 days | 1,885 sqft |
2019-01-01 | 0 days | 1,843 sqft |
2019-02-01 | 0 days | 2,002 sqft |
2019-03-01 | 0 days | 2,055 sqft |
2019-04-01 | 0 days | 2,054 sqft |
2019-05-01 | 0 days | 1,948 sqft |
2019-06-01 | 0 days | 2,052 sqft |
2019-07-01 | 0 days | 2,074 sqft |
2019-08-01 | 0 days | 2,087 sqft |
2019-09-01 | 0 days | 1,984 sqft |
2019-10-01 | 0 days | 1,904 sqft |
2019-11-01 | 0 days | 1,849 sqft |
2019-12-01 | 0 days | 1,833 sqft |
2020-01-01 | 0 days | 1,772 sqft |
2020-02-01 | 0 days | 1,782 sqft |
2020-03-01 | 0 days | 1,850 sqft |
2020-04-01 | 0 days | 1,938 sqft |
2020-05-01 | 0 days | 2,000 sqft |
2020-06-01 | 0 days | 2,016 sqft |
2020-07-01 | 0 days | 2,089 sqft |
2020-08-01 | 0 days | 2,016 sqft |
2020-09-01 | 0 days | 1,883 sqft |
2020-10-01 | 0 days | 1,824 sqft |
2020-11-01 | 0 days | 2,031 sqft |
2020-12-01 | 0 days | 1,834 sqft |
2021-01-01 | 0 days | 1,712 sqft |
2021-02-01 | 0 days | 1,634 sqft |
2021-03-01 | 0 days | 1,751 sqft |
2021-04-01 | 0 days | 1,598 sqft |
2021-05-01 | 0 days | 1,920 sqft |
2021-06-01 | 0 days | 2,003 sqft |
2021-07-01 | 0 days | 1,969 sqft |
2021-08-01 | 0 days | 1,890 sqft |
2021-09-01 | 0 days | 1,856 sqft |
2021-10-01 | 0 days | 1,826 sqft |
2021-11-01 | 0 days | 1,802 sqft |
2021-12-01 | 0 days | 1,781 sqft |
2022-01-01 | 0 days | 1,863 sqft |
2022-02-01 | 0 days | 1,881 sqft |
2022-03-01 | 0 days | 1,865 sqft |
2022-04-01 | 0 days | 1,870 sqft |
2022-05-01 | 0 days | 1,806 sqft |
2022-06-01 | 0 days | 1,703 sqft |
2022-07-01 | 0 days | 1,693 sqft |
2022-08-01 | 0 days | 1,701 sqft |
2022-09-01 | 0 days | 1,693 sqft |
2022-10-01 | 0 days | 1,667 sqft |
2022-11-01 | 0 days | 1,636 sqft |
2022-12-01 | 0 days | 1,683 sqft |
2023-01-01 | 0 days | 1,644 sqft |
2023-02-01 | 0 days | 1,732 sqft |
2023-03-01 | 0 days | 1,890 sqft |
2023-04-01 | 0 days | 1,981 sqft |
2023-05-01 | 0 days | 2,048 sqft |
2023-06-01 | 0 days | 1,887 sqft |
2023-07-01 | 0 days | 2,085 sqft |
2023-08-01 | 0 days | 2,117 sqft |
2023-09-01 | 0 days | 1,999 sqft |
2023-10-01 | 0 days | 1,858 sqft |
2023-11-01 | 0 days | 1,792 sqft |
2023-12-01 | 0 days | 1,849 sqft |
2024-01-01 | 0 days | 1,782 sqft |
2024-02-01 | 0 days | 1,781 sqft |
2024-03-01 | 0 days | 1,756 sqft |
2024-04-01 | 0 days | 1,845 sqft |
2024-05-01 | 0 days | 1,862 sqft |
2024-06-01 | 0 days | 1,804 sqft |
2024-07-01 | 0 days | 1,805 sqft |
2024-08-01 | 0 days | 1,908 sqft |
2024-09-01 | 0 days | 1,882 sqft |
Cañon City's median square footage for active listings during the 2024-09-01 period was 1,882 sqft. One year prior, the average listing was 1,999 sqft.