Colorado Springs VA Loan Rates, Closing Costs & Stats

COLORADO SPRINGS, 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.

    Colorado Springs's 181 lenders originated 6,269 VA loans during 2024. The total origination value was $3,042,005,000, with an average VA loan value of $485,246.

    Colorado Springs VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Colorado Springs averaged -0.14% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Colorado Springs's average VA mortgage closing costs are $7,312.

    The average rate for the prior week (2025-06-13) was 6.5% and one month ago for the week of 2025-05-16, the average rate was 6.26%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.63%.

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

    Colorado Springs 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 Colorado Springs level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,451 5.75% $8,325
    Mortgage Research Center, LLC 440 6.10% $7,705
    FREEDOM MORTGAGE CORPORATION 267 6.01% $10,520
    QUICKEN LOANS, LLC 249 5.90% $10,505
    GUARANTEED RATE, INC. 225 5.91% $7,371
    MORTGAGE SOLUTIONS OF COLORADO, LLC 203 5.76% $9,363
    Ent Credit Union 165 5.79% $8,199
    PENNYMAC LOAN SERVICES, LLC 153 5.62% $9,941
    NFM, INC. 122 6.05% $11,282
    NAVY FEDERAL CREDIT UNION 111 5.86% $7,160
    VILLAGE CAPITAL MORTGAGE 100 5.76% $7,906
    MOVEMENT MORTGAGE, LLC 98 6.21% $12,565
    The Central Trust Bank 91 6.16% $11,550
    LOANDEPOT.COM, LLC 90 5.93% $9,653
    NEWREZ LLC 84 6.11% $9,950
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 82 6.15% $9,023
    HOMEAMERICAN MORTGAGE CORPORATION 76 4.81% $6,106
    CROSSCOUNTRY MORTGAGE, LLC 72 6.24% $8,879
    GUILD MORTGAGE COMPANY 69 5.86% $11,026
    FLAT BRANCH MORTGAGE, INC. 64 6.02% $11,977
    USAA Federal Savings Bank 60 6.18% $10,572
    CMG MORTGAGE, INC. 60 5.98% $10,536
    PLANET HOME LENDING, LLC 60 5.01% $5,444
    NBH Bank 59 5.99% $7,414
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 57 6.30% $10,525
    LAKEVIEW LOAN SERVICING, LLC 54 5.58% $7,463
    Plains Commerce Bank 42 6.05% $11,946
    The Federal Savings Bank 42 6.21% $20,678
    NEST HOME LENDING, LLC 41 4.99% $8,908
    BROKER SOLUTIONS, INC. 40 6.38% $13,012
    V.I.P. MORTGAGE, INC. 39 6.22% $9,034
    Mr. Cooper ( Nationstar Mortgage ) 35 6.05% $12,907
    Paramount Residential Mortgage Group, Inc. 33 6.21% $11,641
    HUNT MORTGAGE CORPORATION 33 5.81% $10,405
    GUARANTEED RATE AFFINITY, LLC 29 5.97% $6,676
    The Loan Store, Inc. 28 6.12% $10,010
    SUN WEST MORTGAGE COMPANY, INC. 27 5.66% $6,809
    BAY EQUITY LLC 26 6.15% $8,154
    HOMESIDE FINANCIAL, LLC 25 6.04% $9,159
    DHI MORTGAGE COMPANY, LTD. 25 4.80% $12,595
    INSPIRE HOME LOANS INC. 24 4.91% $10,461
    NBKC BANK 24 5.69% $6,921
    CORNERSTONE HOME LENDING, INC. 20 4.55% $8,424
    UNION HOME MORTGAGE CORP. 18 6.02% $8,492
    Armed Forces Bank 18 5.85% $9,658
    AMERICAN PACIFIC MORTGAGE CORPORATION 17 5.90% $17,151
    PENTAGON FEDERAL CREDIT UNION 17 5.83% $11,245
    NEW DAY FINANCIAL, LLC 17 7.27% $14,142
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 16 6.12% $10,910
    MASON MCDUFFIE MORTGAGE CORPORATION 16 6.36% $13,987
    Summit Mortgage Corporation 16 6.31% $8,901
    GROUP MORTGAGE, LLC 15 6.10% $9,451
    Carrington Mortgage Services, LLC 15 6.05% $15,061
    Century Mortgage Company DBA Century Lending Company 15 5.82% $10,854
    MUTUAL OF OMAHA MORTGAGE, INC. 15 6.13% $12,877
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 14 6.37% $8,904
    CARDINAL FINANCIAL 14 6.52% $13,187
    PRIORITY HOME MORTGAGE, L.P. 14 5.13% $8,293
    Equity Prime Mortgage LLC 13 6.53% $11,292
    TOWNE MORTGAGE COMPANY 13 6.34% $10,557
    Cornerstone First Mortgage, Inc 13 6.10% $13,983
    CLEARPATH LENDING 12 5.56% $8,025
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 5.93% $17,410
    SECURITYNATIONAL MORTGAGE COMPANY 12 6.61% $14,376
    Magnolia Bank 12 5.83% $18,281
    NATIONS RELIABLE LENDING, LLC 11 6.26% $8,295
    Keystone Funding, Inc. 11 5.83% $13,866
    Lakeview Community Capital, LLC 11 5.54% $6,689
    PLAZA HOME MORTGAGE, INC. 11 5.77% $11,781
    Ixonia Bank 10 6.36% $12,973
    LOANPAL, LLC 10 5.55% $13,682
    The Huntington National Bank 10 5.98% $9,511
    NOVA FINANCIAL & INVESTMENT CORPORATION 10 6.55% $8,482
    Northpointe Bank 8 5.80% $6,739
    INTERCAP LENDING INC. 8 6.75% $6,741
    Barrington Bank & Trust Company, N.A. 8 5.92% $10,229
    CANOPY MORTGAGE, LLC 8 5.94% $7,185
    LEADERONE FINANCIAL CORPORATION 8 6.55% $10,553
    AMERICAN FINANCIAL NETWORK, INC. 7 6.23% $6,294
    First Federal Bank 7 5.64% $7,873
    Flagstar Bank, FSB 7 5.91% $10,230
    PHH Mortgage Corporation 7 5.28% $7,202
    AMERICAN FINANCING CORPORATION 7 6.03% $11,716
    SWBC MORTGAGE CORPORATION 6 6.42% $6,588
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.19% $17,794
    VERITAS FUNDING, LLC 6 6.19% $21,062
    U.S. Bank 5 5.93% $8,411
    ZILLOW HOME LOANS, LLC 5 5.83% $9,592
    Bell Bank 5 6.23% $8,875
    JPMorgan Chase Bank 5 5.92% $7,616
    T2 FINANCIAL LLC 5 6.50% $10,405
    AMERISAVE MORTGAGE CORPORATION 5 5.60% $25,515
    AmeriHome Mortgage Company, LLC 5 5.80% $8,944
    DAS Acquisition Company, LLC 5 5.93% $8,216
    American Mortgage & Equity Consultants, Inc. 4 6.47% $10,541
    UNITED MORTGAGE CORP 4 6.06% $13,021
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.00% $11,930
    CHURCHILL MORTGAGE CORPORATION 4 6.25% $19,073
    EVERETT FINANCIAL, INC. 4 5.25% $12,346
    FIRST COLONY MORTGAGE CORPORATION 4 6.31% $8,736
    Nations Lending Corporation 3 5.88% $11,022
    Bank of England 3 6.13% $17,270
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.21% $10,159
    FIRST MORTGAGE COMPANY, INC. 3 6.33% $7,365
    Franklin Loan Corporation 3 6.04% $7,519
    Granite Community Bank 3 5.83% $7,064
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.96% $22,049
    MEGASTAR FINANCIAL CORP. 3 5.29% $10,212
    Mid-Continent Funding, Inc. 3 5.95% $5,612
    NETWORK CAPITAL FUNDING CORPORATION 3 6.25% $9,452
    NORWICH COMMERCIAL GROUP, INC. 3 6.29% $6,619
    S1L, Inc. 3 6.25% $13,207
    TBI MORTGAGE COMPANY 3 6.33% $3,001
    THE MORTGAGE COMPANY 3 6.67% $11,281
    ENVOY MORTGAGE, LTD 2 6.38% $16,799
    Loan Simple, Inc. 2 6.13% $12,655
    ON Q FINANCIAL, INC. 2 5.62% $9,715
    GoPrime Mortgage, Inc. 2 5.38% $7,039
    Strong Home Mortgage, LLC 2 5.62% $7,945
    INTERCOASTAL MORTGAGE COMPANY 2 6.75% $16,033
    CITYWIDE HOME LOANS, LLC 2 6.18% $13,572
    Ameris Bank 2 5.50% $11,768
    First Western Trust Bank 2 6.38% $5,305
    MORTGAGEONE, INC. 2 6.75% $503
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.69% $16,523
    NATIONS DIRECT MORTGAGE, LLC 2 6.37% $8,403
    SeaTrust Mortgage Company 2 6.31% $6,713
    Towne Bank 2 6.38% $14,744
    Gateway First Bank 1 6.25% $1,535
    GARDNER FINANCIAL SERVICES, LTD. 1 6.13% $31,437
    Flanagan State Bank 1 6.63% $4,833
    PNC Bank 1 7.38% $2,013
    PREMIA MORTGAGE, LLC 1 5.18% $7,139
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.50% $12,341
    PREMIER MORTGAGE SERVICES, INC. 1 6.00% $8,265
    First United Bank and Trust Company 1 5.50% $12,524
    Prosperity Home Mortgage, LLC 1 6.88% $29,693
    First State Bank of St. Charles, Missouri 1 6.13% $13,958
    First Heritage Mortgage, LLC 1 6.00% $3,429
    RUOFF MORTGAGE COMPANY, INC. 1 5.75% $19,167
    Wells Fargo Bank 1 6.25% $23,986
    First-Citizens Bank & Trust Company 1 6.00% $4,918
    Service Federal Credit Union 1 5.63% $3,281
    SOUTHWEST FUNDING, LP 1 5.25% $3,864
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $27,144
    SUMMIT FUNDING, INC. 1 7.25% $4,991
    Evolve Bank & Trust 1 6.75% $16,467
    Sunflower Bank 1 5.99% $8,129
    DIRECT MORTGAGE, CORP. 1 6.75% $34,632
    Credence Funding Corporation 1 5.75% $5,942
    WESTERRA CREDIT UNION 1 7.13% $3,256
    CONTOUR MORTGAGE CORPORATION 1 7.13% $13,432
    COMPASS MORTGAGE, INC. 1 6.25% $14,055
    Citizens Bank 1 6.38% $26,303
    ALAMEDA MORTGAGE CORPORATION 1 6.99% $8,350
    The Union Bank Company 1 5.75% $4,914
    CASTLE & COOKE MORTGAGE, LLC 1 6.49% $7,663
    BETTER MORTGAGE CORPORATION 1 4.75% $5,028
    Bank of Colorado 1 6.50% $14,038
    Bank of America 1 6.75% $5,936
    AXIA FINANCIAL, LLC 1 6.13% $16,046
    Atlantic Coast Mortgage, LLC 1 6.25% $9,847
    Arvest Bank 1 6.50% $15,501
    Alpine Bank 1 6.50% $3,063
    Midwest Mortgage Associates Corporation 1 5.50% $4,107
    AIR ACADEMY 1 5.75% $2,658
    MICHIGAN MUTUAL, INC. 1 6.13% $0
    MID AMERICA MORTGAGE, INC. 1 5.25% $25,868
    LOANFLIGHT LENDING, LLC 1 5.13% $19,543
    LIBERTY HOME MORTGAGE CORPORATION 1 6.75% $15,899
    Wallick & Volk, Inc. 1 5.75% $3,600
    LADERA LENDING, INC. 1 5.63% $19,945
    KeyBank 1 6.00% $16,533
    INTELLILOAN, INC. 1 5.75% $2,961
    Waterstone Mortgage Corporation 1 6.25% $7,300
    Hometown Equity Mortgage, LLC 1 7.25% $19,669
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.50% $19,698
    HOMESTEAD FUNDING CORP. 1 6.13% $6,346
    GREENSTATE CREDIT UNION 1 5.75% $4,157
    GENEVA FINANCIAL, LLC 1 5.75% $9,802
    Pinnacle Bank 1 6.75% $12,232

    The top Colorado Springs VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,451 VA loans originated. Their average total fees are $8,325, which is $620 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Colorado Springs VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($5,444), HOMEAMERICAN MORTGAGE CORPORATION ($6,106), GUARANTEED RATE AFFINITY, LLC ($6,676), Lakeview Community Capital, LLC ($6,689) and SUN WEST MORTGAGE COMPANY, INC. ($6,809).

    The lowest rate Colorado Springs VA lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. (4.55%), DHI MORTGAGE COMPANY, LTD. (4.80%), HOMEAMERICAN MORTGAGE CORPORATION (4.81%), INSPIRE HOME LOANS INC. (4.91%) and NEST HOME LENDING, LLC (4.99%).

    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.