Denver VA Loans
DENVER-AURORA-LAKEWOOD, 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.
Denver's 285 lenders originated 14,468 VA loans during 2021. The total origination value was $6,153,030,000, with an average VA loan value of $425,285.
Denver VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Denver
averaged
5.34%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.47% and
one month ago for the week of 2022-04-08, the
average rate was 4.79%.
The average rate one year ago was 3.21%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.45%.
Denver 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 Denver level.
The top Denver VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
1,055 VA loans originated. Their average total fees are
$3,755, which is $2,928
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Denver VA lenders (with over 10 loans originated) are
Prime Choice Funding Inc. ($2,888), Wyndham Capital Mortgage, Inc. ($3,050), Lakeview Community Capital, LLC ($3,057), LAKEVIEW LOAN SERVICING, LLC ($3,185) and FREEDOM MORTGAGE CORPORATION ($3,755).
The lowest rate Denver VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC (2.25%), CLEARPATH LENDING (2.27%), First Mortgage Solutions, LLC (2.27%), TJC Mortgage, Inc. (2.28%) and BNC National Bank (2.29%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Denver (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 | $546,570 (3.3%) | $744,822 (2.8%) | 2.01 | 4,110 |
| 2018-02-01 | $549,450 (2.4%) | $753,738 (1.9%) | 1.98 | 4,264 |
| 2018-03-01 | $547,495 (-0.3%) | $758,267 (1.8%) | 1.89 | 4,628 |
| 2018-04-01 | $549,300 (1.9%) | $759,255 (4.6%) | 1.84 | 5,087 |
| 2018-05-01 | $535,750 (1.2%) | $742,102 (3.8%) | 1.79 | 5,670 |
| 2018-06-01 | $525,000 (0.0%) | $721,096 (2.6%) | 1.75 | 6,741 |
| 2018-07-01 | $502,498 (-2.4%) | $694,290 (0.3%) | 1.68 | 7,467 |
| 2018-08-01 | $495,600 (-0.9%) | $676,140 (-0.5%) | 1.66 | 7,798 |
| 2018-09-01 | $492,400 (-1.5%) | $667,257 (-1.7%) | 1.65 | 8,273 |
| 2018-10-01 | $480,000 (-4.0%) | $648,474 (-5.0%) | 1.61 | 8,464 |
| 2018-11-01 | $475,000 (-7.4%) | $639,865 (-8.9%) | 1.59 | 8,137 |
| 2018-12-01 | $479,999 (-10.8%) | $650,498 (-11.4%) | 1.64 | 6,560 |
| 2019-01-01 | $491,950 (-10.0%) | $661,317 (-11.2%) | 1.70 | 5,753 |
| 2019-02-01 | $499,500 (-9.1%) | $675,430 (-10.4%) | 1.67 | 5,766 |
| 2019-03-01 | $516,143 (-5.7%) | $689,065 (-9.1%) | 1.68 | 6,186 |
| 2019-04-01 | $524,500 (-4.5%) | $696,137 (-8.3%) | 1.65 | 6,733 |
| 2019-05-01 | $518,938 (-3.1%) | $679,586 (-8.4%) | 1.60 | 7,770 |
| 2019-06-01 | $518,000 (-1.3%) | $670,909 (-7.0%) | 1.59 | 8,716 |
| 2019-07-01 | $500,000 (-0.5%) | $660,323 (-4.9%) | 1.55 | 9,246 |
| 2019-08-01 | $499,951 (0.9%) | $658,699 (-2.6%) | 1.57 | 9,013 |
| 2019-09-01 | $499,450 (1.4%) | $657,690 (-1.4%) | 1.59 | 8,814 |
| 2019-10-01 | $495,000 (3.1%) | $656,004 (1.2%) | 1.58 | 8,782 |
| 2019-11-01 | $497,500 (4.7%) | $669,672 (4.7%) | 1.61 | 7,489 |
| 2019-12-01 | $497,950 (3.7%) | $680,171 (4.6%) | 1.66 | 6,379 |
| 2020-01-01 | $532,249 (8.2%) | $748,446 (13.2%) | 1.77 | 4,048 |
| 2020-02-01 | $561,300 (12.4%) | $791,748 (17.2%) | 1.81 | 3,655 |
| 2020-03-01 | $564,950 (9.5%) | $796,461 (15.6%) | 1.77 | 4,337 |
| 2020-04-01 | $547,000 (4.3%) | $736,906 (5.9%) | 1.70 | 5,103 |
| 2020-05-01 | $549,000 (5.8%) | $734,735 (8.1%) | 1.66 | 6,055 |
| 2020-06-01 | $547,000 (5.6%) | $734,420 (9.5%) | 1.60 | 6,670 |
| 2020-07-01 | $545,050 (9.0%) | $745,805 (13.0%) | 1.56 | 6,169 |
| 2020-08-01 | $539,900 (8.0%) | $755,974 (14.8%) | 1.54 | 5,804 |
| 2020-09-01 | $522,450 (4.6%) | $760,354 (15.6%) | 1.49 | 5,451 |
| 2020-10-01 | $519,900 (5.0%) | $762,124 (16.2%) | 1.49 | 4,879 |
| 2020-11-01 | $522,500 (5.0%) | $792,109 (18.3%) | 1.50 | 3,972 |
| 2020-12-01 | $536,292 (7.7%) | $819,898 (20.5%) | 1.57 | 2,927 |
| 2021-01-01 | $529,000 (-0.6%) | $833,923 (11.4%) | 1.56 | 2,293 |
| 2021-02-01 | $549,900 (-2.0%) | $859,898 (8.6%) | 1.58 | 2,100 |
| 2021-03-01 | $557,500 (-1.3%) | $876,447 (10.0%) | 1.56 | 2,200 |
| 2021-04-01 | $575,000 (5.1%) | $909,671 (23.4%) | 1.55 | 2,177 |
| 2021-05-01 | $599,000 (9.1%) | $917,319 (24.9%) | 1.58 | 2,257 |
| 2021-06-01 | $599,995 (9.7%) | $896,291 (22.0%) | 1.56 | 3,036 |
| 2021-07-01 | $600,000 (10.1%) | $873,356 (17.1%) | 1.56 | 3,630 |
| 2021-08-01 | $600,000 (11.1%) | $856,645 (13.3%) | 1.58 | 3,805 |
| 2021-09-01 | $600,000 (14.8%) | $855,096 (12.5%) | 1.58 | 3,783 |
| 2021-10-01 | $620,000 (19.3%) | $862,422 (13.2%) | 1.63 | 3,506 |
| 2021-11-01 | $622,135 (19.1%) | $879,008 (11.0%) | 1.64 | 2,714 |
| 2021-12-01 | $629,950 (17.5%) | $909,868 (11.0%) | 1.68 | 1,864 |
| 2022-01-01 | $639,900 (21.0%) | $1,006,692 (20.7%) | 1.71 | 1,384 |
| 2022-02-01 | $649,500 (18.1%) | $990,150 (15.2%) | 1.66 | 1,468 |
| 2022-03-01 | $662,500 (18.8%) | $977,545 (11.5%) | 1.64 | 1,787 |
| 2022-04-01 | $675,000 (17.4%) | $965,798 (6.2%) | 1.59 | 2,293 |
Denver's median listing price comes in at 159% of the national average.
Denver's average listing price for 2022-04-01 was $965,798, a difference of $56,127 (6.2%) versus the prior year and $-11,747 versus the prior month.
For the 2022-04-01 period, Denver had 2,293 MLS listings, a difference of 506 listings (28%) versus the prior month and 116 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Denver (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 55 days | 2,963 sqft |
| 2018-02-01 | 33 days | 3,007 sqft |
| 2018-03-01 | 25 days | 2,976 sqft |
| 2018-04-01 | 24 days | 2,977 sqft |
| 2018-05-01 | 23 days | 2,922 sqft |
| 2018-06-01 | 25 days | 2,856 sqft |
| 2018-07-01 | 30 days | 2,756 sqft |
| 2018-08-01 | 35 days | 2,674 sqft |
| 2018-09-01 | 37 days | 2,640 sqft |
| 2018-10-01 | 38 days | 2,532 sqft |
| 2018-11-01 | 44 days | 2,508 sqft |
| 2018-12-01 | 57 days | 2,520 sqft |
| 2019-01-01 | 60 days | 2,526 sqft |
| 2019-02-01 | 33 days | 2,549 sqft |
| 2019-03-01 | 35 days | 2,604 sqft |
| 2019-04-01 | 30 days | 2,645 sqft |
| 2019-05-01 | 29 days | 2,614 sqft |
| 2019-06-01 | 33 days | 2,601 sqft |
| 2019-07-01 | 36 days | 2,542 sqft |
| 2019-08-01 | 43 days | 2,497 sqft |
| 2019-09-01 | 43 days | 2,442 sqft |
| 2019-10-01 | 43 days | 2,437 sqft |
| 2019-11-01 | 50 days | 2,420 sqft |
| 2019-12-01 | 60 days | 2,335 sqft |
| 2020-01-01 | 63 days | 2,594 sqft |
| 2020-02-01 | 37 days | 2,909 sqft |
| 2020-03-01 | 24 days | 2,824 sqft |
| 2020-04-01 | 33 days | 2,703 sqft |
| 2020-05-01 | 40 days | 2,740 sqft |
| 2020-06-01 | 36 days | 2,541 sqft |
| 2020-07-01 | 36 days | 2,450 sqft |
| 2020-08-01 | 35 days | 2,296 sqft |
| 2020-09-01 | 35 days | 2,163 sqft |
| 2020-10-01 | 35 days | 2,043 sqft |
| 2020-11-01 | 43 days | 1,951 sqft |
| 2020-12-01 | 54 days | 1,920 sqft |
| 2021-01-01 | 49 days | 1,878 sqft |
| 2021-02-01 | 22 days | 1,973 sqft |
| 2021-03-01 | 15 days | 2,056 sqft |
| 2021-04-01 | 13 days | 2,188 sqft |
| 2021-05-01 | 12 days | 2,234 sqft |
| 2021-06-01 | 11 days | 2,263 sqft |
| 2021-07-01 | 17 days | 2,281 sqft |
| 2021-08-01 | 22 days | 2,231 sqft |
| 2021-09-01 | 23 days | 2,218 sqft |
| 2021-10-01 | 28 days | 2,248 sqft |
| 2021-11-01 | 33 days | 2,232 sqft |
| 2021-12-01 | 46 days | 2,197 sqft |
| 2022-01-01 | 35 days | 2,192 sqft |
| 2022-02-01 | 9 days | 2,213 sqft |
| 2022-03-01 | 9 days | 2,293 sqft |
| 2022-04-01 | 8 days | 2,306 sqft |
Denver's median square footage for active listings during the 2022-04-01 period was 2,306 sqft. One year prior, the average listing was 2,188 sqft.
