Edwards VA Loans

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 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 34 lenders originated 81 VA loans during 2021. The total origination value was $47,955,000, with an average VA loan value of $592,037.

    Edwards VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Edwards averaged 5.46% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

    The average rate for the prior week (2022-07-29) was 5.32% and one month ago for the week of 2022-07-01, the average rate was 5.74%.

    The average rate one year ago was 3.02%.

    For refis of the same type during the week of 2022-08-05, the average rate was 5.2%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Edwards level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FREEDOM MORTGAGE CORPORATION 8 2.56% $5,194
    NAVY FEDERAL CREDIT UNION 4 2.63% $13,393
    Mortgage Research Center, LLC 4 2.66% $15,554
    PENNYMAC LOAN SERVICES, LLC 4 2.44% $12,591
    QUICKEN LOANS, LLC 4 2.53% $1,597
    LAKEVIEW LOAN SERVICING, LLC 4 2.25% $4,695
    GUARANTEED RATE, INC. 4 2.53% $8,024
    USAA Federal Savings Bank 3 2.75% $800
    HOME POINT FINANCIAL CORPORATION 3 2.38% $5,650
    BOKF 2 2.94% $6,830
    NBKC BANK 2 2.38% $5,645
    North American Savings Bank, F.S.B. 2 2.38% $9,360
    UNITED WHOLESALE MORTGAGE, LLC 2 2.22% $1,122
    NEW DAY FINANCIAL, LLC 2 2.56% $8,327
    VILLAGE CAPITAL & INVESTMENT LLC 2 2.25% $10,907
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $3,657
    SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $4,341
    The Federal Savings Bank 1 2.25% $3,938
    ACADEMY MORTGAGE CORPORATION 1 3.00% $8,593
    Waterstone Mortgage Corporation 1 3.13% $5,686
    ACCELERATE MORTGAGE, LLC 1 2.25% $6,878
    ALL WESTERN MORTGAGE, INC. 1 3.38% $8,628
    AMERICAN FINANCIAL NETWORK, INC. 1 2.38% $10,957
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.50% $19,289
    BNC National Bank 1 2.38% $2,760
    CALIBER HOME LOANS, INC. 1 2.25% $6,602
    Core Bank 1 2.25% $8,290
    First Federal Bank of Kansas City 1 2.25% $2,137
    First Western Trust Bank 1 2.25% $55
    HOME MORTGAGE ALLIANCE, LLC 1 2.50% $14,641
    HOMESIDE FINANCIAL, LLC 1 2.25% $3,147
    LOANDEPOT.COM, LLC 1 2.25% $2,675
    MID AMERICA MORTGAGE, INC. 1 2.25% $2,274
    PLANET HOME LENDING, LLC 1 2.25% $3,189

    The top Edwards VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 8 VA loans originated. Their average total fees are $5,194, which is $8,199 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

    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 $699,000 (-1.4%) $1,680,168 (-4.9%) 0.00 964
    2018-02-01 $688,500 (-4.7%) $1,671,892 (-5.6%) 0.00 963
    2018-03-01 $650,000 (-11.8%) $1,648,596 (-9.5%) 0.00 1,021
    2018-04-01 $619,250 (-11.4%) $1,589,365 (-11.7%) 0.00 1,011
    2018-05-01 $562,250 (-21.6%) $1,485,395 (-15.1%) 0.00 1,015
    2018-06-01 $630,000 (-13.6%) $1,496,901 (-12.8%) 0.00 1,078
    2018-07-01 $675,000 (-10.0%) $1,606,734 (-7.1%) 0.00 1,188
    2018-08-01 $668,500 (-12.9%) $1,637,436 (-6.4%) 0.00 1,184
    2018-09-01 $635,000 (-20.5%) $1,639,962 (-9.5%) 0.00 1,126
    2018-10-01 $612,000 (-21.1%) $1,620,933 (-11.0%) 0.00 1,082
    2018-11-01 $579,500 (-21.1%) $1,623,302 (-10.5%) 0.00 1,062
    2018-12-01 $629,000 (-15.3%) $1,691,574 (-2.2%) 0.00 1,084
    2019-01-01 $644,500 (-7.8%) $1,693,364 (0.8%) 0.00 1,087
    2019-02-01 $650,000 (-5.6%) $1,692,695 (1.2%) 0.00 1,091
    2019-03-01 $648,714 (-0.2%) $1,674,687 (1.6%) 0.00 1,068
    2019-04-01 $648,714 (4.8%) $1,682,418 (5.9%) 0.00 1,033
    2019-05-01 $642,000 (14.2%) $1,692,787 (14.0%) 0.00 983
    2019-06-01 $698,000 (10.8%) $1,721,894 (15.0%) 0.00 1,074
    2019-07-01 $737,000 (9.2%) $1,874,220 (16.7%) 0.00 1,163
    2019-08-01 $699,000 (4.6%) $1,895,126 (15.7%) 0.00 1,130
    2019-09-01 $699,500 (10.2%) $1,943,486 (18.5%) 0.00 1,079
    2019-10-01 $692,000 (13.1%) $1,960,254 (20.9%) 0.00 1,043
    2019-11-01 $659,000 (13.7%) $1,938,188 (19.4%) 0.00 1,039
    2019-12-01 $749,950 (19.2%) $2,019,510 (19.4%) 0.00 1,030
    2020-01-01 $749,500 (16.3%) $2,083,433 (23.0%) 0.00 963
    2020-02-01 $775,000 (19.2%) $2,141,459 (26.5%) 0.00 936
    2020-03-01 $749,950 (15.6%) $2,113,838 (26.2%) 0.00 978
    2020-04-01 $682,000 (5.1%) $1,921,089 (14.2%) 0.00 961
    2020-05-01 $659,000 (2.7%) $1,799,383 (6.3%) 0.00 951
    2020-06-01 $702,000 (0.6%) $1,856,603 (7.8%) 0.00 965
    2020-07-01 $725,000 (-1.6%) $1,963,997 (4.8%) 0.00 955
    2020-08-01 $739,000 (5.7%) $2,128,729 (12.3%) 0.00 922
    2020-09-01 $785,000 (12.2%) $2,203,384 (13.4%) 0.00 832
    2020-10-01 $720,000 (4.1%) $2,326,360 (18.7%) 0.00 747
    2020-11-01 $686,250 (4.1%) $2,447,457 (26.3%) 0.00 708
    2020-12-01 $694,000 (-7.5%) $2,542,877 (25.9%) 0.00 669
    2021-01-01 $640,000 (-14.6%) $2,679,871 (28.6%) 0.00 628
    2021-02-01 $549,000 (-29.2%) $2,768,504 (29.3%) 0.00 597
    2021-03-01 $539,500 (-28.1%) $2,665,429 (26.1%) 0.00 576
    2021-04-01 $467,500 (-31.5%) $2,571,512 (33.9%) 0.00 551
    2021-05-01 $525,000 (-20.3%) $2,587,821 (43.8%) 0.00 495
    2021-06-01 $612,450 (-12.8%) $2,630,733 (41.7%) 0.00 512
    2021-07-01 $689,500 (-4.9%) $2,505,664 (27.6%) 0.00 540
    2021-08-01 $817,500 (10.6%) $2,600,784 (22.2%) 0.00 522
    2021-09-01 $774,500 (-1.3%) $2,541,392 (15.3%) 0.00 505
    2021-10-01 $699,000 (-2.9%) $2,306,885 (-0.8%) 0.00 461
    2021-11-01 $342,500 (-50.1%) $2,194,910 (-10.3%) 0.00 414
    2021-12-01 $275,000 (-60.4%) $2,299,123 (-9.6%) 0.00 405
    2022-01-01 $195,000 (-69.5%) $2,204,928 (-17.7%) 0.00 397
    2022-02-01 $459,000 (-16.4%) $2,270,926 (-18.0%) 0.00 404
    2022-03-01 $536,500 (-0.6%) $2,298,406 (-13.8%) 0.00 383
    2022-04-01 $630,000 (34.8%) $2,174,025 (-15.5%) 0.00 386
    2022-05-01 $864,500 (64.7%) $2,327,179 (-10.1%) 0.00 390
    2022-06-01 $1,124,500 (83.6%) $2,337,692 (-11.1%) 0.00 446
    Edwards's median listing price for 2022-06-01 was $1,124,500, a difference of $512,050 (83.6%) versus the prior year and $260,000 versus the prior month.

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

    Edwards's average listing price for 2022-06-01 was $2,337,692, a difference of $-293,041 (-11.1%) versus the prior year and $10,513 versus the prior month.

    For the 2022-06-01 period, Edwards had 446 MLS listings, a difference of 56 listings (14%) versus the prior month and -66 listings (-13%) 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 1,834 sqft
    2018-02-01 0 days 1,800 sqft
    2018-03-01 0 days 1,792 sqft
    2018-04-01 0 days 1,713 sqft
    2018-05-01 0 days 1,698 sqft
    2018-06-01 0 days 1,725 sqft
    2018-07-01 0 days 1,786 sqft
    2018-08-01 0 days 1,775 sqft
    2018-09-01 0 days 1,711 sqft
    2018-10-01 0 days 1,690 sqft
    2018-11-01 0 days 1,660 sqft
    2018-12-01 0 days 1,689 sqft
    2019-01-01 0 days 1,706 sqft
    2019-02-01 0 days 1,703 sqft
    2019-03-01 0 days 1,704 sqft
    2019-04-01 0 days 1,706 sqft
    2019-05-01 0 days 1,749 sqft
    2019-06-01 0 days 1,748 sqft
    2019-07-01 0 days 1,802 sqft
    2019-08-01 0 days 1,805 sqft
    2019-09-01 0 days 1,804 sqft
    2019-10-01 0 days 1,800 sqft
    2019-11-01 0 days 1,781 sqft
    2019-12-01 0 days 1,759 sqft
    2020-01-01 0 days 1,736 sqft
    2020-02-01 0 days 1,785 sqft
    2020-03-01 0 days 1,727 sqft
    2020-04-01 0 days 1,616 sqft
    2020-05-01 0 days 1,619 sqft
    2020-06-01 0 days 1,621 sqft
    2020-07-01 0 days 1,633 sqft
    2020-08-01 0 days 1,606 sqft
    2020-09-01 0 days 1,600 sqft
    2020-10-01 0 days 1,604 sqft
    2020-11-01 0 days 1,619 sqft
    2020-12-01 0 days 1,657 sqft
    2021-01-01 0 days 1,677 sqft
    2021-02-01 0 days 1,663 sqft
    2021-03-01 0 days 1,715 sqft
    2021-04-01 0 days 1,729 sqft
    2021-05-01 0 days 1,793 sqft
    2021-06-01 0 days 1,800 sqft
    2021-07-01 0 days 1,811 sqft
    2021-08-01 0 days 1,845 sqft
    2021-09-01 0 days 1,815 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,666 sqft
    2021-12-01 0 days 1,625 sqft
    2022-01-01 0 days 1,586 sqft
    2022-02-01 0 days 1,619 sqft
    2022-03-01 0 days 1,623 sqft
    2022-04-01 0 days 1,606 sqft
    2022-05-01 0 days 1,639 sqft
    2022-06-01 0 days 1,704 sqft
    Edwards's median listing age (time on market) for 2022-06-01 was 0 days.

    Edwards's median square footage for active listings during the 2022-06-01 period was 1,704 sqft. One year prior, the average listing was 1,800 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.