Edwards VA Loan Rates, Closing Costs & Stats

Edwards, 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.

    Edwards's 8 lenders originated 11 VA loans during 2023. The total origination value was $6,675,000, with an average VA loan value of $606,818.

    Edwards VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Edwards averaged 7.03% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Edwards's average VA mortgage closing costs are $9,463.

    The average rate for the prior week (2024-04-12) was 6.97% and one month ago for the week of 2024-03-15, the average rate was 6.53%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

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

    Edwards 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 Edwards level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2 6.31% $7,539
    Armed Forces Bank 1 7.00% $11,175
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $13,677
    EMBRACE HOME LOANS, INC. 1 6.13% $20,271
    QUICKEN LOANS, LLC 1 6.99% $24,299
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $12,173
    ACADEMY MORTGAGE CORPORATION 1 5.63% $17,027
    Wells Fargo Bank 1 6.13% $80

    The top Edwards VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2 VA loans originated. Their average total fees are $7,539, which is $3,636 lower than the next largest lender, Armed Forces Bank.

    The lowest fee Edwards VA lenders (with over 10 loans originated) are .

    The lowest rate Edwards VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Edwards (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 $849,250 (-0.1%) $1,914,219 (-1.6%) 0.00 906
    2018-02-01 $885,500 (4.6%) $1,966,033 (2.9%) 0.00 872
    2018-03-01 $849,000 (-0.6%) $1,904,156 (-3.3%) 0.00 934
    2018-04-01 $828,250 (-0.5%) $1,856,221 (-3.6%) 0.00 913
    2018-05-01 $795,000 (-6.5%) $1,739,127 (-7.8%) 0.00 924
    2018-06-01 $800,000 (-5.2%) $1,738,966 (-5.8%) 0.00 990
    2018-07-01 $842,000 (-0.9%) $1,868,043 (-2.4%) 0.00 1,091
    2018-08-01 $820,500 (-3.6%) $1,894,569 (-2.8%) 0.00 1,082
    2018-09-01 $799,000 (-9.1%) $1,905,271 (-6.0%) 0.00 1,032
    2018-10-01 $781,500 (-10.3%) $1,898,909 (-7.1%) 0.00 982
    2018-11-01 $772,500 (-9.1%) $1,921,063 (-5.7%) 0.00 961
    2018-12-01 $809,000 (-6.2%) $2,009,458 (2.5%) 0.00 968
    2019-01-01 $832,000 (-2.0%) $1,997,965 (4.4%) 0.00 967
    2019-02-01 $875,000 (-1.2%) $2,016,577 (2.6%) 0.00 966
    2019-03-01 $815,000 (-4.0%) $1,910,808 (0.4%) 0.00 971
    2019-04-01 $749,500 (-9.5%) $1,818,463 (-2.0%) 0.00 976
    2019-05-01 $739,000 (-7.0%) $1,819,004 (4.6%) 0.00 932
    2019-06-01 $799,500 (-0.1%) $1,821,479 (4.7%) 0.00 1,038
    2019-07-01 $856,000 (1.7%) $1,990,456 (6.6%) 0.00 1,115
    2019-08-01 $829,727 (1.1%) $1,994,548 (5.3%) 0.00 1,078
    2019-09-01 $806,818 (1.0%) $2,010,857 (5.5%) 0.00 1,026
    2019-10-01 $784,000 (0.3%) $2,021,730 (6.5%) 0.00 985
    2019-11-01 $765,000 (-1.0%) $2,018,264 (5.1%) 0.00 958
    2019-12-01 $903,250 (11.7%) $2,104,988 (4.8%) 0.00 957
    2020-01-01 $915,000 (10.0%) $2,207,643 (10.5%) 0.00 888
    2020-02-01 $940,000 (7.4%) $2,238,507 (11.0%) 0.00 869
    2020-03-01 $935,000 (14.7%) $2,216,935 (16.0%) 0.00 909
    2020-04-01 $831,500 (10.9%) $2,017,608 (11.0%) 0.00 882
    2020-05-01 $799,000 (8.1%) $1,907,455 (4.9%) 0.00 877
    2020-06-01 $895,000 (11.9%) $1,976,877 (8.5%) 0.00 890
    2020-07-01 $867,450 (1.3%) $2,036,928 (2.3%) 0.00 903
    2020-08-01 $899,000 (8.4%) $2,274,074 (14.0%) 0.00 875
    2020-09-01 $940,000 (16.5%) $2,269,453 (12.9%) 0.00 795
    2020-10-01 $899,000 (14.7%) $2,370,913 (17.3%) 0.00 724
    2020-11-01 $797,000 (4.2%) $2,457,854 (21.8%) 0.00 689
    2020-12-01 $827,000 (-8.4%) $2,558,423 (21.5%) 0.00 648
    2021-01-01 $736,000 (-19.6%) $2,685,006 (21.6%) 0.00 607
    2021-02-01 $679,000 (-27.8%) $2,795,539 (24.9%) 0.00 578
    2021-03-01 $733,000 (-21.6%) $2,754,484 (24.3%) 0.00 561
    2021-04-01 $638,500 (-23.2%) $2,713,611 (34.5%) 0.00 537
    2021-05-01 $625,000 (-21.8%) $2,623,415 (37.5%) 0.00 475
    2021-06-01 $756,250 (-15.5%) $2,660,852 (34.6%) 0.00 498
    2021-07-01 $860,000 (-0.9%) $2,678,953 (31.5%) 0.00 515
    2021-08-01 $990,000 (10.1%) $2,745,860 (20.8%) 0.00 493
    2021-09-01 $896,000 (-4.7%) $2,619,291 (15.4%) 0.00 485
    2021-10-01 $842,500 (-6.3%) $2,357,168 (-0.6%) 0.00 444
    2021-11-01 $446,500 (-44.0%) $2,224,130 (-9.5%) 0.00 400
    2021-12-01 $292,500 (-64.6%) $2,321,772 (-9.3%) 0.00 385
    2022-01-01 $160,000 (-78.3%) $2,273,529 (-15.3%) 0.00 364
    2022-02-01 $524,500 (-22.8%) $2,356,251 (-15.7%) 0.00 372
    2022-03-01 $537,500 (-26.7%) $2,404,470 (-12.7%) 0.00 349
    2022-04-01 $750,000 (17.5%) $2,253,141 (-17.0%) 0.00 354
    2022-05-01 $935,500 (49.7%) $2,440,927 (-7.0%) 0.00 355
    2022-06-01 $1,172,500 (55.0%) $2,406,153 (-9.6%) 0.00 416
    2022-07-01 $1,245,000 (44.8%) $2,530,774 (-5.5%) 0.00 512
    2022-08-01 $1,199,000 (21.1%) $2,488,940 (-9.4%) 0.00 505
    2022-09-01 $1,131,000 (26.2%) $2,371,107 (-9.5%) 0.00 463
    2022-10-01 $1,200,000 (42.4%) $2,363,213 (0.3%) 0.00 463
    2022-11-01 $1,199,750 (168.7%) $2,508,861 (12.8%) 0.00 449
    2022-12-01 $1,100,000 (276.1%) $2,616,885 (12.7%) 0.00 453
    2023-01-01 $962,500 (501.6%) $2,642,903 (16.3%) 0.00 441
    2023-02-01 $998,750 (90.4%) $2,695,979 (14.4%) 0.00 433
    2023-03-01 $1,200,000 (123.3%) $2,786,741 (15.9%) 0.00 450
    2023-04-01 $1,297,000 (72.9%) $2,842,099 (26.1%) 0.00 444
    2023-05-01 $1,312,500 (40.3%) $2,870,931 (17.6%) 0.00 421
    2023-06-01 $1,328,750 (13.3%) $2,780,943 (15.6%) 0.00 461
    2023-07-01 $1,575,000 (26.5%) $2,969,884 (17.4%) 0.00 512
    2023-08-01 $1,553,500 (29.6%) $2,902,748 (16.6%) 0.00 541
    2023-09-01 $1,450,000 (28.2%) $2,899,279 (22.3%) 0.00 519
    2023-10-01 $1,337,250 (11.4%) $2,796,342 (18.3%) 0.00 512
    2023-11-01 $1,235,000 (2.9%) $2,801,007 (11.6%) 0.00 501
    2023-12-01 $1,250,000 (13.6%) $2,826,035 (8.0%) 0.00 518
    2024-01-01 $1,160,000 (20.5%) $2,871,458 (8.7%) 0.00 517
    2024-02-01 $1,168,750 (17.0%) $2,954,569 (9.6%) 0.00 524
    2024-03-01 $1,125,000 (-6.3%) $2,834,477 (1.7%) 0.00 537
    Edwards's median listing price for 2024-03-01 was $1,125,000, a difference of $-75,000 (-6.3%) versus the prior year and $-43,750 versus the prior month.

    Edwards's median listing price comes in at 0% of the national average.

    Edwards's average listing price for 2024-03-01 was $2,834,477, a difference of $47,736 (1.7%) versus the prior year and $-120,092 versus the prior month.

    For the 2024-03-01 period, Edwards had 537 MLS listings, a difference of 13 listings (2%) versus the prior month and 87 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Edwards (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,883 sqft
    2018-02-01 0 days 1,905 sqft
    2018-03-01 0 days 1,900 sqft
    2018-04-01 0 days 1,844 sqft
    2018-05-01 0 days 1,844 sqft
    2018-06-01 0 days 1,847 sqft
    2018-07-01 0 days 1,899 sqft
    2018-08-01 0 days 1,878 sqft
    2018-09-01 0 days 1,843 sqft
    2018-10-01 0 days 1,820 sqft
    2018-11-01 0 days 1,821 sqft
    2018-12-01 0 days 1,822 sqft
    2019-01-01 0 days 1,829 sqft
    2019-02-01 0 days 1,842 sqft
    2019-03-01 0 days 1,825 sqft
    2019-04-01 0 days 1,805 sqft
    2019-05-01 0 days 1,839 sqft
    2019-06-01 0 days 1,857 sqft
    2019-07-01 0 days 1,900 sqft
    2019-08-01 0 days 1,896 sqft
    2019-09-01 0 days 1,891 sqft
    2019-10-01 0 days 1,881 sqft
    2019-11-01 0 days 1,869 sqft
    2019-12-01 0 days 1,804 sqft
    2020-01-01 0 days 1,810 sqft
    2020-02-01 0 days 1,855 sqft
    2020-03-01 0 days 1,823 sqft
    2020-04-01 0 days 1,760 sqft
    2020-05-01 0 days 1,791 sqft
    2020-06-01 0 days 1,800 sqft
    2020-07-01 0 days 1,800 sqft
    2020-08-01 0 days 1,749 sqft
    2020-09-01 0 days 1,708 sqft
    2020-10-01 0 days 1,725 sqft
    2020-11-01 0 days 1,691 sqft
    2020-12-01 0 days 1,697 sqft
    2021-01-01 0 days 1,705 sqft
    2021-02-01 0 days 1,727 sqft
    2021-03-01 0 days 1,743 sqft
    2021-04-01 0 days 1,784 sqft
    2021-05-01 0 days 1,803 sqft
    2021-06-01 0 days 1,820 sqft
    2021-07-01 0 days 1,875 sqft
    2021-08-01 0 days 1,885 sqft
    2021-09-01 0 days 1,875 sqft
    2021-10-01 0 days 1,834 sqft
    2021-11-01 0 days 1,704 sqft
    2021-12-01 0 days 1,647 sqft
    2022-01-01 0 days 1,600 sqft
    2022-02-01 0 days 1,625 sqft
    2022-03-01 0 days 1,637 sqft
    2022-04-01 0 days 1,627 sqft
    2022-05-01 0 days 1,705 sqft
    2022-06-01 0 days 1,811 sqft
    2022-07-01 0 days 1,896 sqft
    2022-08-01 0 days 1,837 sqft
    2022-09-01 0 days 1,810 sqft
    2022-10-01 0 days 1,840 sqft
    2022-11-01 0 days 1,800 sqft
    2022-12-01 0 days 1,785 sqft
    2023-01-01 0 days 1,789 sqft
    2023-02-01 0 days 1,787 sqft
    2023-03-01 0 days 1,797 sqft
    2023-04-01 0 days 1,787 sqft
    2023-05-01 0 days 1,797 sqft
    2023-06-01 0 days 1,793 sqft
    2023-07-01 0 days 1,846 sqft
    2023-08-01 0 days 1,877 sqft
    2023-09-01 0 days 1,800 sqft
    2023-10-01 0 days 1,727 sqft
    2023-11-01 0 days 1,627 sqft
    2023-12-01 0 days 1,643 sqft
    2024-01-01 0 days 1,611 sqft
    2024-02-01 0 days 1,615 sqft
    2024-03-01 0 days 1,644 sqft
    Edwards's median listing age (time on market) for 2024-03-01 was 0 days.

    Edwards's median square footage for active listings during the 2024-03-01 period was 1,644 sqft. One year prior, the average listing was 1,797 sqft.

    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.