Denver VA Loan Rates, Closing Costs & Stats
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 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 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
6.57%
for the week of 2022-12-02, compared to the national average (all VA variants) of
6.292% for the same period.
Denver's average VA mortgage closing costs are $6,890.
The average rate for the prior week (2022-11-25) was
6.81% and
one month ago for the week of 2022-10-28, the
average rate was 6.8%.
The average rate one year ago was 3.28%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.38%.
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.
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 MORTGAGE (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 | $549,488 (3.7%) | $758,058 (4.2%) | 2.04 | 3,796 |
| 2018-02-01 | $549,950 (1.9%) | $765,631 (3.0%) | 2.00 | 3,929 |
| 2018-03-01 | $549,900 (0.1%) | $768,776 (2.1%) | 1.93 | 4,296 |
| 2018-04-01 | $545,000 (0.9%) | $760,257 (3.2%) | 1.85 | 4,875 |
| 2018-05-01 | $532,400 (0.6%) | $742,427 (2.6%) | 1.78 | 5,452 |
| 2018-06-01 | $520,000 (-0.5%) | $717,230 (1.3%) | 1.73 | 6,462 |
| 2018-07-01 | $499,950 (-3.8%) | $696,525 (-0.6%) | 1.67 | 7,131 |
| 2018-08-01 | $495,000 (-1.0%) | $673,783 (-2.0%) | 1.66 | 7,433 |
| 2018-09-01 | $489,900 (-2.0%) | $664,661 (-3.2%) | 1.64 | 7,894 |
| 2018-10-01 | $479,700 (-4.1%) | $645,552 (-6.7%) | 1.62 | 8,100 |
| 2018-11-01 | $474,950 (-8.1%) | $637,016 (-10.7%) | 1.61 | 7,722 |
| 2018-12-01 | $475,000 (-12.0%) | $644,490 (-12.9%) | 1.64 | 6,236 |
| 2019-01-01 | $487,500 (-11.3%) | $655,389 (-13.5%) | 1.68 | 5,454 |
| 2019-02-01 | $499,750 (-9.1%) | $672,126 (-12.2%) | 1.69 | 5,497 |
| 2019-03-01 | $515,814 (-6.2%) | $683,528 (-11.1%) | 1.69 | 5,924 |
| 2019-04-01 | $523,764 (-3.9%) | $689,381 (-9.3%) | 1.66 | 6,484 |
| 2019-05-01 | $515,000 (-3.3%) | $676,528 (-8.9%) | 1.61 | 7,503 |
| 2019-06-01 | $515,000 (-1.0%) | $668,021 (-6.9%) | 1.61 | 8,395 |
| 2019-07-01 | $500,000 (0.0%) | $656,711 (-5.7%) | 1.57 | 8,908 |
| 2019-08-01 | $498,564 (0.7%) | $654,685 (-2.8%) | 1.58 | 8,785 |
| 2019-09-01 | $496,559 (1.4%) | $653,231 (-1.7%) | 1.59 | 8,634 |
| 2019-10-01 | $495,223 (3.2%) | $652,588 (1.1%) | 1.60 | 8,457 |
| 2019-11-01 | $499,000 (5.1%) | $666,159 (4.6%) | 1.64 | 7,201 |
| 2019-12-01 | $497,450 (4.7%) | $673,991 (4.6%) | 1.66 | 6,136 |
| 2020-01-01 | $527,450 (8.2%) | $734,929 (12.1%) | 1.76 | 3,893 |
| 2020-02-01 | $550,000 (10.1%) | $776,599 (15.5%) | 1.80 | 3,622 |
| 2020-03-01 | $551,036 (6.8%) | $780,641 (14.2%) | 1.73 | 4,310 |
| 2020-04-01 | $542,498 (3.6%) | $728,521 (5.7%) | 1.70 | 4,951 |
| 2020-05-01 | $544,365 (5.7%) | $727,813 (7.6%) | 1.65 | 5,861 |
| 2020-06-01 | $545,000 (5.8%) | $733,633 (9.8%) | 1.60 | 6,541 |
| 2020-07-01 | $540,000 (8.0%) | $739,153 (12.6%) | 1.57 | 6,058 |
| 2020-08-01 | $538,486 (8.0%) | $746,167 (14.0%) | 1.54 | 5,765 |
| 2020-09-01 | $521,959 (5.1%) | $748,962 (14.7%) | 1.50 | 5,379 |
| 2020-10-01 | $515,000 (4.0%) | $749,635 (14.9%) | 1.48 | 4,882 |
| 2020-11-01 | $519,000 (4.0%) | $768,320 (15.3%) | 1.52 | 3,943 |
| 2020-12-01 | $528,258 (6.2%) | $799,806 (18.7%) | 1.57 | 2,919 |
| 2021-01-01 | $525,000 (-0.5%) | $811,419 (10.4%) | 1.57 | 2,308 |
| 2021-02-01 | $537,520 (-2.3%) | $825,793 (6.3%) | 1.56 | 2,166 |
| 2021-03-01 | $549,950 (-0.2%) | $843,875 (8.1%) | 1.56 | 2,259 |
| 2021-04-01 | $575,000 (6.0%) | $886,478 (21.7%) | 1.56 | 2,236 |
| 2021-05-01 | $595,000 (9.3%) | $893,801 (22.8%) | 1.57 | 2,309 |
| 2021-06-01 | $598,750 (9.9%) | $873,105 (19.0%) | 1.58 | 3,113 |
| 2021-07-01 | $599,900 (11.1%) | $850,160 (15.0%) | 1.58 | 3,740 |
| 2021-08-01 | $600,000 (11.4%) | $839,847 (12.6%) | 1.60 | 3,864 |
| 2021-09-01 | $599,907 (14.9%) | $843,996 (12.7%) | 1.60 | 3,855 |
| 2021-10-01 | $610,000 (18.5%) | $845,421 (12.8%) | 1.63 | 3,596 |
| 2021-11-01 | $617,250 (18.9%) | $861,701 (12.2%) | 1.65 | 2,746 |
| 2021-12-01 | $624,698 (18.3%) | $896,145 (12.1%) | 1.69 | 1,906 |
| 2022-01-01 | $637,000 (21.3%) | $975,912 (20.3%) | 1.72 | 1,460 |
| 2022-02-01 | $645,220 (20.0%) | $979,063 (18.6%) | 1.68 | 1,540 |
| 2022-03-01 | $660,000 (20.0%) | $967,090 (14.6%) | 1.65 | 1,859 |
| 2022-04-01 | $675,000 (17.4%) | $960,993 (8.4%) | 1.61 | 2,379 |
| 2022-05-01 | $694,000 (16.6%) | $941,494 (5.3%) | 1.59 | 3,447 |
| 2022-06-01 | $679,250 (13.4%) | $882,870 (1.1%) | 1.51 | 4,788 |
| 2022-07-01 | $650,000 (8.4%) | $839,653 (-1.2%) | 1.47 | 6,199 |
| 2022-08-01 | $632,500 (5.4%) | $820,585 (-2.3%) | 1.46 | 6,490 |
| 2022-09-01 | $625,000 (4.2%) | $819,046 (-3.0%) | 1.46 | 6,512 |
| 2022-10-01 | $620,000 (1.6%) | $827,003 (-2.2%) | 1.46 | 6,595 |
| 2022-11-01 | $605,045 (-2.0%) | $826,019 (-4.1%) | 1.46 | 6,044 |
Denver's median listing price comes in at 146% of the national average.
Denver's average listing price for 2022-11-01 was $826,019, a difference of $-35,682 (-4.1%) versus the prior year and $-984 versus the prior month.
For the 2022-11-01 period, Denver had 6,044 MLS listings, a difference of -551 listings (-8%) versus the prior month and 3,298 listings (120%) 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 | 58 days | 2,959 sqft |
| 2018-02-01 | 36 days | 2,978 sqft |
| 2018-03-01 | 27 days | 2,980 sqft |
| 2018-04-01 | 24 days | 2,924 sqft |
| 2018-05-01 | 23 days | 2,879 sqft |
| 2018-06-01 | 25 days | 2,776 sqft |
| 2018-07-01 | 30 days | 2,712 sqft |
| 2018-08-01 | 35 days | 2,632 sqft |
| 2018-09-01 | 37 days | 2,592 sqft |
| 2018-10-01 | 38 days | 2,499 sqft |
| 2018-11-01 | 45 days | 2,468 sqft |
| 2018-12-01 | 58 days | 2,461 sqft |
| 2019-01-01 | 61 days | 2,464 sqft |
| 2019-02-01 | 33 days | 2,481 sqft |
| 2019-03-01 | 31 days | 2,531 sqft |
| 2019-04-01 | 29 days | 2,580 sqft |
| 2019-05-01 | 28 days | 2,567 sqft |
| 2019-06-01 | 31 days | 2,560 sqft |
| 2019-07-01 | 36 days | 2,510 sqft |
| 2019-08-01 | 39 days | 2,476 sqft |
| 2019-09-01 | 41 days | 2,441 sqft |
| 2019-10-01 | 43 days | 2,418 sqft |
| 2019-11-01 | 51 days | 2,401 sqft |
| 2019-12-01 | 63 days | 2,307 sqft |
| 2020-01-01 | 62 days | 2,538 sqft |
| 2020-02-01 | 35 days | 2,855 sqft |
| 2020-03-01 | 24 days | 2,764 sqft |
| 2020-04-01 | 34 days | 2,677 sqft |
| 2020-05-01 | 38 days | 2,698 sqft |
| 2020-06-01 | 33 days | 2,514 sqft |
| 2020-07-01 | 34 days | 2,410 sqft |
| 2020-08-01 | 32 days | 2,260 sqft |
| 2020-09-01 | 31 days | 2,138 sqft |
| 2020-10-01 | 31 days | 2,016 sqft |
| 2020-11-01 | 40 days | 1,924 sqft |
| 2020-12-01 | 51 days | 1,896 sqft |
| 2021-01-01 | 43 days | 1,872 sqft |
| 2021-02-01 | 18 days | 1,945 sqft |
| 2021-03-01 | 10 days | 2,034 sqft |
| 2021-04-01 | 9 days | 2,171 sqft |
| 2021-05-01 | 8 days | 2,208 sqft |
| 2021-06-01 | 9 days | 2,261 sqft |
| 2021-07-01 | 16 days | 2,272 sqft |
| 2021-08-01 | 19 days | 2,218 sqft |
| 2021-09-01 | 23 days | 2,208 sqft |
| 2021-10-01 | 24 days | 2,240 sqft |
| 2021-11-01 | 30 days | 2,224 sqft |
| 2021-12-01 | 40 days | 2,200 sqft |
| 2022-01-01 | 27 days | 2,195 sqft |
| 2022-02-01 | 8 days | 2,209 sqft |
| 2022-03-01 | 7 days | 2,276 sqft |
| 2022-04-01 | 6 days | 2,296 sqft |
| 2022-05-01 | 10 days | 2,457 sqft |
| 2022-06-01 | 16 days | 2,429 sqft |
| 2022-07-01 | 23 days | 2,376 sqft |
| 2022-08-01 | 31 days | 2,323 sqft |
| 2022-09-01 | 36 days | 2,303 sqft |
| 2022-10-01 | 37 days | 2,299 sqft |
| 2022-11-01 | 47 days | 2,285 sqft |
Denver's median square footage for active listings during the 2022-11-01 period was 2,285 sqft. One year prior, the average listing was 2,224 sqft.
