Colorado Springs VA Loan Rates, Closing Costs & Stats

COLORADO SPRINGS, 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.

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.