Denver VA Loan Rates, Closing Costs & Stats

DENVER-AURORA-LAKEWOOD, 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.

    Denver's 184 lenders originated 3,102 VA loans during 2023. The total origination value was $1,711,220,000, with an average VA loan value of $551,651.

    Denver VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Denver averaged 5.92% for the week of 2024-10-25, compared to the national average (all VA variants) of 6.14% for the same period.

    Denver's average VA mortgage closing costs are $7,612.

    The average rate for the prior week (2024-10-18) was 6.13% and one month ago for the week of 2024-09-20, the average rate was 5.23%.

    The average rate one year ago was 7.55%.

    For refis of the same type during the week of 2024-10-25, the average rate was 6.31%.

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

    Denver 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 Denver level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 498 6.01% $11,013
    Mortgage Research Center, LLC 197 6.48% $10,135
    QUICKEN LOANS, LLC 167 6.12% $16,022
    NAVY FEDERAL CREDIT UNION 129 5.73% $9,403
    HOMEAMERICAN MORTGAGE CORPORATION 96 5.35% $5,805
    EAGLE HOME MORTGAGE, LLC 94 4.80% $6,459
    LOANDEPOT.COM, LLC 87 5.64% $16,573
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 82 6.44% $10,541
    PENNYMAC LOAN SERVICES, LLC 71 5.62% $14,207
    CROSSCOUNTRY MORTGAGE, LLC 61 6.34% $12,705
    BROKER SOLUTIONS, INC. 55 6.32% $12,798
    V.I.P. MORTGAGE, INC. 50 6.02% $11,903
    CMG MORTGAGE, INC. 49 6.16% $11,272
    MOVEMENT MORTGAGE, LLC 49 6.54% $13,645
    FREEDOM MORTGAGE CORPORATION 49 6.43% $19,253
    GUILD MORTGAGE COMPANY 45 6.33% $14,786
    USAA Federal Savings Bank 44 6.19% $15,918
    GUARANTEED RATE, INC. 43 6.06% $7,365
    American Mortgage & Equity Consultants, Inc. 43 6.35% $13,017
    DHI MORTGAGE COMPANY, LTD. 40 5.32% $11,786
    INSPIRE HOME LOANS INC. 40 5.31% $7,874
    AMERICAN FINANCING CORPORATION 38 6.02% $17,919
    South Pacific Financial Corporation 38 5.75% $9,745
    The Federal Savings Bank 31 6.15% $22,483
    GUARANTEED RATE AFFINITY, LLC 26 6.19% $10,256
    NEST HOME LENDING, LLC 26 5.47% $8,784
    KBHS HOME LOANS, LLC 26 5.46% $10,992
    Paramount Residential Mortgage Group, Inc. 24 6.39% $9,810
    NEWREZ LLC 22 6.51% $16,317
    UNIVERSAL LENDING CORPORATION 21 6.48% $14,552
    NBKC BANK 18 5.63% $10,246
    JET HOMELOANS, LLC 18 5.82% $6,480
    Plains Commerce Bank 16 6.00% $11,746
    CHERRY CREEK MORTGAGE, LLC 16 5.98% $6,649
    PLANET HOME LENDING, LLC 16 6.21% $8,961
    PENTAGON FEDERAL CREDIT UNION 16 5.47% $7,496
    Ixonia Bank 16 6.74% $8,948
    BAY EQUITY LLC 15 6.54% $10,081
    PULTE MORTGAGE LLC 14 5.23% $8,395
    AMERICAN PACIFIC MORTGAGE CORPORATION 14 6.31% $17,481
    NEW DAY FINANCIAL, LLC 14 7.33% $19,689
    MUTUAL OF OMAHA MORTGAGE, INC. 14 6.02% $18,611
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 6.25% $8,617
    DRAPER AND KRAMER MORTGAGE CORP. 13 6.23% $14,567
    CARDINAL FINANCIAL 13 6.35% $20,269
    Shea Mortgage Inc. 13 5.77% $3,847
    Mr. Cooper ( Nationstar Mortgage ) 12 5.96% $19,219
    S1L, Inc. 12 6.11% $17,884
    Northpointe Bank 12 6.14% $14,155
    MEGASTAR FINANCIAL CORP. 11 6.14% $11,647
    INTERCAP LENDING INC. 11 6.11% $6,074
    Wells Fargo Bank 11 5.69% $3,425
    Century Mortgage Company DBA Century Lending Company 11 6.15% $4,651
    AMERICAN FINANCIAL NETWORK, INC. 10 6.29% $13,222
    JPMorgan Chase Bank 10 6.08% $6,329
    EVERETT FINANCIAL, INC. 9 6.61% $33,676
    Prosperity Home Mortgage, LLC 9 6.00% $4,128
    Flagstar Bank, FSB 9 6.53% $9,256
    Armed Forces Bank 9 6.06% $12,518
    NOVA FINANCIAL & INVESTMENT CORPORATION 9 6.53% $5,976
    Equity Prime Mortgage LLC 8 6.33% $14,293
    SUN WEST MORTGAGE COMPANY, INC. 8 6.01% $12,265
    SWBC MORTGAGE CORPORATION 8 6.58% $9,922
    First Federal Bank 8 6.34% $8,495
    Ent Credit Union 8 5.70% $14,259
    ZILLOW HOME LOANS, LLC 8 6.08% $8,562
    CORNERSTONE HOME LENDING, INC. 8 6.17% $23,223
    Bank of England 7 6.63% $14,651
    ACADEMY MORTGAGE CORPORATION 7 6.16% $13,563
    PLAZA HOME MORTGAGE, INC. 7 6.00% $15,343
    First Western Trust Bank 7 5.96% $8,235
    HOMESIDE FINANCIAL, LLC 7 6.80% $12,282
    Magnolia Bank 7 5.89% $22,791
    U.S. Bank 7 6.03% $12,688
    LEADERONE FINANCIAL CORPORATION 6 6.83% $17,672
    BNC National Bank 6 5.63% $13,658
    SUMMIT FUNDING, INC. 6 6.00% $7,575
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.67% $9,366
    Barrington Bank & Trust Company, N.A. 6 6.31% $13,926
    AMERISAVE MORTGAGE CORPORATION 5 5.85% $29,084
    Nations Lending Corporation 5 6.80% $14,227
    SECURITYNATIONAL MORTGAGE COMPANY 5 6.03% $26,813
    TOWNE MORTGAGE COMPANY 5 6.03% $15,180
    HOME MORTGAGE ALLIANCE, LLC 5 5.83% $6,688
    ON Q FINANCIAL, INC. 5 6.12% $9,240
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.27% $11,986
    Elevations Credit Union 5 6.68% $14,244
    CALIBER HOME LOANS, INC. 5 6.18% $7,217
    The Huntington National Bank 4 6.47% $10,272
    THE MORTGAGE COMPANY 4 6.69% $6,788
    BOKF 4 6.13% $9,302
    Sunflower Bank 4 6.19% $7,430
    VILLAGE CAPITAL MORTGAGE 4 6.22% $17,631
    Loan Simple, Inc. 4 6.75% $13,438
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.53% $7,203
    NFM, INC. 4 6.78% $23,339
    GENEVA FINANCIAL, LLC 4 6.91% $9,323
    The Central Trust Bank 3 6.04% $8,606
    Bell Bank 3 6.21% $7,294
    CALCON MUTUAL MORTGAGE LLC 3 5.83% $22,424
    CITYWIDE HOME LOANS, LLC 3 6.13% $16,606
    FIRST COMMUNITY MORTGAGE, INC. 3 5.58% $19,572
    Keystone Funding, Inc. 3 6.00% $14,826
    LOANPAL, LLC 3 5.54% $25,828
    M2 Lending Solutions, LLC 3 6.38% $13,754
    PHH Mortgage Corporation 3 6.58% $9,891
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.46% $13,022
    VAN DYK MORTGAGE CORPORATION 3 6.33% $10,185
    NATIONS DIRECT MORTGAGE, LLC 2 6.50% $17,414
    NexBank 2 6.31% $5,615
    Credence Funding Corporation 2 5.00% $8,207
    Independent Bank 2 5.94% $10,326
    Lakeview Community Capital, LLC 2 5.88% $15,625
    KeyBank 2 6.19% $5,853
    NORWICH COMMERCIAL GROUP, INC. 2 6.00% $13,373
    Hometown Equity Mortgage, LLC 2 5.69% $6,295
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.63% $8,944
    Gateway First Bank 2 6.50% $7,173
    Zions Bank 2 5.88% $15,319
    VERITAS FUNDING, LLC 2 6.94% $32,147
    J. VIRGIL, INC. 2 6.63% $15,041
    TBI MORTGAGE COMPANY 2 6.50% $13,590
    Farmers Bank & Trust 2 5.19% $14,047
    DIRECT MORTGAGE, CORP. 2 6.00% $19,653
    OCMBC, INC. 2 6.69% $2,258
    MASON MCDUFFIE MORTGAGE CORPORATION 2 7.00% $19,166
    BMO Harris Bank 2 6.38% $10,519
    FirstBank 1 6.13% $14,269
    First Bank 1 6.88% $10,166
    Financial Funding Solutions, Inc. 1 6.88% $13,464
    RELIANCE FIRST CAPITAL, LLC 1 5.50% $13,038
    Renasant Bank 1 6.25% $16,834
    RESIDENTIAL BANCORP 1 5.75% $15,788
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.25% $11,191
    Servion, Inc. 1 6.75% $13,222
    DHA FINANCIAL, LLC 1 6.50% $4,376
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $14,517
    SIRVA MORTGAGE, INC. 1 5.50% $8,433
    Stifel Bank and Trust 1 5.75% $2,068
    STOCKTON MORTGAGE CORPORATION 1 6.25% $28,307
    Cornerstone First Mortgage, Inc 1 7.25% $39,745
    Summit Mortgage Corporation 1 5.25% $4,613
    CONTOUR MORTGAGE CORPORATION 1 5.63% $28,362
    Citizens Bank 1 6.75% $3,870
    CHURCHILL MORTGAGE CORPORATION 1 6.99% $3,749
    CASTLE & COOKE MORTGAGE, LLC 1 5.75% $15,374
    BROOKHOLLOW MORTGAGE SERVICES, LTD 1 6.50% $0
    BM Real Estate Services, Inc. 1 7.75% $15,015
    The Loan Store, Inc. 1 6.63% $7,880
    The Union Bank Company 1 5.25% $8,057
    THOMPSON KANE & COMPANY, LLC 1 5.88% $2,565
    TOWN AND COUNTRY Credit Union 1 6.25% $18,119
    Towne Bank 1 6.13% $20,333
    Bank of America 1 6.75% $5,025
    UNION HOME MORTGAGE CORP. 1 5.38% $13,875
    BancorpSouth 1 5.88% $11,351
    Atlantic Coast Mortgage, LLC 1 7.25% $2,711
    Ameris Bank 1 5.38% $24,500
    AMERICAN INTERNET MORTGAGE, INC. 1 6.38% $2,676
    AMCAP MORTGAGE, LTD. 1 6.50% $25,234
    ALLIED MORTGAGE GROUP, INC. 1 7.13% $29,234
    WesBanco 1 5.63% $2,674
    Mid-Continent Funding, Inc. 1 6.00% $7,422
    MID AMERICA MORTGAGE, INC. 1 5.50% $3,017
    Merchants & Marine Bank 1 6.50% $22,323
    MICHIGAN MUTUAL, INC. 1 4.75% $8,731
    MEMBER FIRST MORTGAGE, LLC 1 6.38% $20,849
    NATIONS RELIABLE LENDING, LLC 1 6.25% $9,950
    MANN FINANCIAL INC. 1 7.00% $7,434
    Lincoln Savings Bank 1 6.00% $19,644
    NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $16,342
    Leader Bank 1 5.99% $16,182
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $11,248
    Old National Bank 1 5.50% $6,240
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 1 6.25% $12,977
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $14,170
    IDEAL HOME LOANS LLC 1 6.99% $30,268
    HUNT MORTGAGE CORPORATION 1 5.25% $945
    WESTERRA CREDIT UNION 1 7.50% $26,200
    First National Bank of Omaha 1 6.00% $118
    PLUS RELOCATION MORTGAGE, LLC 1 6.13% $7,839
    PREMIA MORTGAGE, LLC 1 5.50% $24,199
    AIR ACADEMY 1 5.25% $23,255
    First Federal Bank of Kansas City 1 6.63% $6,425

    The top Denver VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 498 VA loans originated. Their average total fees are $11,013, which is $877 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Denver VA lenders (with over 10 loans originated) are Wells Fargo Bank ($3,425), Shea Mortgage Inc. ($3,847), Century Mortgage Company DBA Century Lending Company ($4,651), HOMEAMERICAN MORTGAGE CORPORATION ($5,805) and INTERCAP LENDING INC. ($6,074).

    The lowest rate Denver VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.80%), PULTE MORTGAGE LLC (5.23%), INSPIRE HOME LOANS INC. (5.31%), DHI MORTGAGE COMPANY, LTD. (5.32%) and HOMEAMERICAN MORTGAGE CORPORATION (5.35%).

    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.