Fort Collins VA Loan Rates, Closing Costs & Stats

FORT COLLINS, 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.

Fort Collins's 109 lenders originated 570 VA loans during 2022. The total origination value was $276,420,000, with an average VA loan value of $484,947.

Fort Collins VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Fort Collins averaged 6% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

Fort Collins's average VA mortgage closing costs are $6,987.

The average rate for the prior week (2023-05-19) was 6.12% and one month ago for the week of 2023-04-21, the average rate was 5.94%.

The average rate one year ago was 4.71%.

For refis of the same type during the week of 2023-05-26, the average rate was 4.93%.

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

Fort Collins 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 Fort Collins level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 67 3.90% $9,227
NAVY FEDERAL CREDIT UNION 27 4.11% $10,559
Mortgage Research Center, LLC 26 4.26% $11,641
QUICKEN LOANS, LLC 24 3.82% $13,955
FREEDOM MORTGAGE CORPORATION 18 3.43% $13,254
PENNYMAC LOAN SERVICES, LLC 17 3.37% $13,156
LOANDEPOT.COM, LLC 17 3.81% $13,911
GROUP MORTGAGE, LLC 14 4.81% $6,269
USAA Federal Savings Bank 13 4.45% $8,536
CORNERSTONE HOME LENDING, INC. 12 4.22% $15,879
CROSSCOUNTRY MORTGAGE, LLC 12 4.97% $11,188
Gateway First Bank 12 4.41% $11,494
ACADEMY MORTGAGE CORPORATION 12 4.75% $11,214
DHI MORTGAGE COMPANY, LTD. 12 4.16% $15,792
NEST HOME LENDING, LLC 10 4.84% $8,198
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 5.35% $16,179
EAGLE HOME MORTGAGE, LLC 9 4.58% $6,477
AMERICAN FINANCING CORPORATION 9 3.87% $10,010
CHERRY CREEK MORTGAGE, LLC 8 4.64% $6,774
CALIBER HOME LOANS, INC. 8 3.58% $11,361
NEW DAY FINANCIAL, LLC 8 4.54% $20,275
LAKEVIEW LOAN SERVICING, LLC 7 3.28% $7,043
HOME POINT FINANCIAL CORPORATION 7 3.75% $11,591
HOMEAMERICAN MORTGAGE CORPORATION 7 4.45% $10,592
First Western Trust Bank 7 4.11% $9,937
CLEARPATH LENDING 6 2.70% $8,695
The Federal Savings Bank 6 4.69% $19,594
HOME MORTGAGE ALLIANCE, LLC 6 5.06% $13,124
Mr. Cooper ( Nationstar Mortgage ) 5 4.63% $15,561
AMERICAN PACIFIC MORTGAGE CORPORATION 5 5.20% $14,313
Bank of Colorado 5 4.45% $10,008
CMG MORTGAGE, INC. 5 4.85% $12,480
Elevations Credit Union 5 4.70% $9,611
KBHS HOME LOANS, LLC 5 5.02% $17,432
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 4.68% $17,628
BROKER SOLUTIONS, INC. 4 4.59% $11,382
GUILD MORTGAGE COMPANY 4 3.75% $23,498
PENTAGON FEDERAL CREDIT UNION 4 2.38% $5,739
GUARANTEED RATE, INC. 4 5.07% $7,575
UNIVERSAL LENDING CORPORATION 3 4.25% $12,256
Century Mortgage Company DBA Century Lending Company 3 4.79% $5,371
Wells Fargo Bank 3 3.88% $3,118
First National Bank of Omaha 3 4.29% $6,872
PLANET HOME LENDING, LLC 3 4.13% $4,292
NEWREZ LLC 3 3.54% $9,604
TOWNE MORTGAGE COMPANY 3 2.96% $9,982
NBH Bank 3 3.29% $22,124
DRAPER AND KRAMER MORTGAGE CORP. 2 4.00% $4,280
Carrington Mortgage Services, LLC 2 3.06% $9,974
Nations Lending Corporation 2 4.63% $18,141
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.74% $12,275
Amerifirst Financial, Inc. 2 3.81% $7,297
NBKC BANK 2 3.63% $6,303
U.S. Bank 2 5.87% $19,129
VILLAGE CAPITAL MORTGAGE 2 4.13% $8,007
FINANCE OF AMERICA MORTGAGE LLC 2 4.69% $13,160
CARDINAL FINANCIAL 2 5.00% $16,410
NFM, INC. 2 4.88% $23,028
MEGASTAR FINANCIAL CORP. 2 4.69% $15,139
NOVA FINANCIAL & INVESTMENT CORPORATION 2 6.06% $5,905
HOMESIDE FINANCIAL, LLC 2 5.25% $23,676
Paramount Residential Mortgage Group, Inc. 2 4.12% $10,227
GUARANTY HOME MORTGAGE CORPORATION 2 2.69% $11,759
PLAZA HOME MORTGAGE, INC. 2 4.12% $21,519
Ent Credit Union 2 4.38% $2,888
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.94% $2,110
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.13% $2,860
SECURITYNATIONAL MORTGAGE COMPANY 2 4.94% $15,000
Sierra Pacific Mortgage Company, Inc. 1 3.50% $27,393
SUCCESS MORTGAGE PARTNERS, INC. 1 5.75% $1,056
SUMMIT FUNDING, INC. 1 4.99% $21,127
T2 FINANCIAL LLC 1 5.75% $26,676
AMERISAVE MORTGAGE CORPORATION 1 2.25% $2,716
UNION HOME MORTGAGE CORP. 1 2.25% $1,052
American Mortgage & Equity Consultants, Inc. 1 3.75% $48,305
Flagstar Bank, FSB 1 2.38% $2,765
Financial Funding Solutions, Inc. 1 3.63% $10,507
Flanagan State Bank 1 4.00% $6,595
EVERETT FINANCIAL, INC. 1 6.00% $18,114
GUARANTEED RATE AFFINITY, LLC 1 4.25% $5,950
HANSCOM 1 4.13% $3,922
Colten Mortgage, LLC 1 3.00% $4,036
INFINITY MORTGAGE HOLDINGS, LLC 1 3.25% $4,746
JET HOMELOANS, LLC 1 3.75% $34,597
Jonah Bank of Wyoming 1 5.13% $5,483
JPMorgan Chase Bank 1 3.99% $30,642
Lakeview Community Capital, LLC 1 4.13% $2,218
LEADERONE FINANCIAL CORPORATION 1 3.75% $21,257
LOANPAL, LLC 1 2.88% $14,807
Mid-Continent Funding, Inc. 1 3.63% $11,668
Midwest Mortgage Associates Corporation 1 3.88% $28,152
MORIA DEVELOPMENT, INC. 1 3.63% $11,863
Wyoming Bank & Trust 1 2.88% $5,832
MOVEMENT MORTGAGE, LLC 1 2.63% $1,892
BNC National Bank 1 2.75% $1,816
M&T Bank 1 2.63% $6,313
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.75% $2,746
NATIONS DIRECT MORTGAGE, LLC 1 5.13% $10,261
BAY EQUITY LLC 1 4.75% $2,258
Bank of England 1 4.50% $3,307
Assurance Financial Group, L.L.C. 1 5.50% $20,045
North American Savings Bank, F.S.B. 1 2.88% $19,617
Northpointe Bank 1 4.63% $21,756
OCMBC, INC. 1 4.88% $17,134
Paramount Bank 1 3.63% $13,629
Armed Forces Bank 1 3.75% $2,436
Plains Commerce Bank 1 6.25% $6,269
Presidential Bank, FSB 1 2.38% $4,540
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.00% $20,833

The top Fort Collins VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 67 VA loans originated. Their average total fees are $9,227, which is $1,332 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee Fort Collins VA lenders (with over 10 loans originated) are GROUP MORTGAGE, LLC ($6,269), NEST HOME LENDING, LLC ($8,198), USAA Federal Savings Bank ($8,536), UNITED WHOLESALE MORTGAGE, LLC ($9,227) and NAVY FEDERAL CREDIT UNION ($10,559).

The lowest rate Fort Collins VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.37%), FREEDOM MORTGAGE CORPORATION (3.43%), LOANDEPOT.COM, LLC (3.81%), QUICKEN LOANS, LLC (3.82%) and UNITED WHOLESALE MORTGAGE, LLC (3.90%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fort Collins (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 $469,950 (6.8%) $578,888 (4.6%) 1.74 827
2018-02-01 $473,815 (5.5%) $593,376 (4.9%) 1.72 811
2018-03-01 $480,599 (6.8%) $616,341 (9.5%) 1.69 860
2018-04-01 $490,950 (9.1%) $620,647 (12.2%) 1.66 905
2018-05-01 $491,300 (8.1%) $616,956 (10.5%) 1.64 1,057
2018-06-01 $481,675 (4.9%) $610,129 (6.7%) 1.61 1,157
2018-07-01 $481,995 (5.6%) $603,782 (4.8%) 1.61 1,261
2018-08-01 $466,950 (3.8%) $588,113 (2.9%) 1.56 1,326
2018-09-01 $464,950 (3.3%) $586,529 (3.1%) 1.56 1,348
2018-10-01 $452,145 (-0.7%) $577,143 (0.7%) 1.53 1,295
2018-11-01 $449,000 (-2.1%) $569,146 (0.2%) 1.52 1,255
2018-12-01 $439,990 (-5.4%) $560,305 (-2.9%) 1.52 1,128
2019-01-01 $439,498 (-6.5%) $553,836 (-4.3%) 1.52 1,044
2019-02-01 $441,050 (-6.9%) $553,336 (-6.8%) 1.49 1,041
2019-03-01 $450,000 (-6.4%) $561,191 (-9.0%) 1.50 1,007
2019-04-01 $451,200 (-8.1%) $571,431 (-7.9%) 1.43 1,036
2019-05-01 $452,450 (-7.9%) $573,828 (-7.0%) 1.41 1,163
2019-06-01 $444,000 (-7.8%) $558,200 (-8.5%) 1.39 1,382
2019-07-01 $437,583 (-9.2%) $558,361 (-7.5%) 1.37 1,536
2019-08-01 $439,900 (-5.8%) $561,024 (-4.6%) 1.38 1,503
2019-09-01 $435,000 (-6.4%) $561,350 (-4.3%) 1.37 1,375
2019-10-01 $431,165 (-4.6%) $551,248 (-4.5%) 1.39 1,425
2019-11-01 $430,582 (-4.1%) $552,315 (-3.0%) 1.41 1,304
2019-12-01 $433,127 (-1.6%) $553,131 (-1.3%) 1.44 1,128
2020-01-01 $439,239 (-0.1%) $565,759 (2.2%) 1.47 1,009
2020-02-01 $449,900 (2.0%) $571,034 (3.2%) 1.47 966
2020-03-01 $451,767 (0.4%) $575,737 (2.6%) 1.42 975
2020-04-01 $452,000 (0.2%) $585,106 (2.4%) 1.42 1,124
2020-05-01 $460,000 (1.7%) $588,664 (2.6%) 1.40 1,288
2020-06-01 $472,253 (6.4%) $600,111 (7.5%) 1.39 1,213
2020-07-01 $469,900 (7.4%) $596,656 (6.9%) 1.36 1,147
2020-08-01 $469,900 (6.8%) $602,834 (7.5%) 1.35 1,031
2020-09-01 $464,785 (6.9%) $608,824 (8.5%) 1.33 925
2020-10-01 $474,950 (10.2%) $616,231 (11.8%) 1.36 799
2020-11-01 $473,750 (10.0%) $619,890 (12.2%) 1.39 731
2020-12-01 $475,027 (9.7%) $625,102 (13.0%) 1.41 649
2021-01-01 $476,663 (8.5%) $647,307 (14.4%) 1.42 490
2021-02-01 $494,450 (9.9%) $696,258 (21.9%) 1.44 433
2021-03-01 $518,028 (14.7%) $712,504 (23.8%) 1.47 377
2021-04-01 $499,950 (10.6%) $694,310 (18.7%) 1.35 378
2021-05-01 $545,000 (18.5%) $706,838 (20.1%) 1.45 378
2021-06-01 $532,500 (12.8%) $697,387 (16.2%) 1.40 475
2021-07-01 $549,000 (16.8%) $696,591 (16.8%) 1.45 554
2021-08-01 $544,900 (16.0%) $690,116 (14.5%) 1.45 600
2021-09-01 $544,450 (17.1%) $686,051 (12.7%) 1.45 590
2021-10-01 $554,500 (16.8%) $707,612 (14.8%) 1.48 544
2021-11-01 $563,248 (18.9%) $712,776 (15.0%) 1.51 431
2021-12-01 $510,765 (7.5%) $625,356 (0.0%) 1.38 986
2022-01-01 $604,245 (26.8%) $790,142 (22.1%) 1.63 262
2022-02-01 $598,950 (21.1%) $832,905 (19.6%) 1.56 226
2022-03-01 $607,500 (17.3%) $833,754 (17.0%) 1.52 246
2022-04-01 $600,000 (20.0%) $810,046 (16.7%) 1.43 326
2022-05-01 $625,550 (14.8%) $801,586 (13.4%) 1.43 504
2022-06-01 $627,450 (17.8%) $794,956 (14.0%) 1.40 670
2022-07-01 $636,500 (15.9%) $782,989 (12.4%) 1.44 828
2022-08-01 $636,250 (16.8%) $809,365 (17.3%) 1.47 839
2022-09-01 $621,365 (14.1%) $787,127 (14.7%) 1.45 880
2022-10-01 $614,900 (10.9%) $789,053 (11.5%) 1.45 891
2022-11-01 $589,450 (4.7%) $757,588 (6.3%) 1.42 892
2022-12-01 $587,448 (15.0%) $760,562 (21.6%) 1.45 727
2023-01-01 $588,500 (-2.6%) $765,912 (-3.1%) 1.46 627
2023-02-01 $583,906 (-2.5%) $750,127 (-9.9%) 1.41 609
2023-03-01 $604,970 (-0.4%) $775,401 (-7.0%) 1.43 610
2023-04-01 $615,495 (2.6%) $806,846 (-0.4%) 1.43 647
Fort Collins's median listing price for 2023-04-01 was $615,495, a difference of $15,495 (2.6%) versus the prior year and $10,525 versus the prior month.

Fort Collins's median listing price comes in at 143% of the national average.

Fort Collins's average listing price for 2023-04-01 was $806,846, a difference of $-3,200 (-0.4%) versus the prior year and $31,445 versus the prior month.

For the 2023-04-01 period, Fort Collins had 647 MLS listings, a difference of 37 listings (6%) versus the prior month and 321 listings (98%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fort Collins (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 89 days 3,007 sqft
2018-02-01 68 days 2,977 sqft
2018-03-01 47 days 3,033 sqft
2018-04-01 43 days 3,004 sqft
2018-05-01 38 days 2,896 sqft
2018-06-01 37 days 2,840 sqft
2018-07-01 44 days 2,823 sqft
2018-08-01 47 days 2,793 sqft
2018-09-01 52 days 2,784 sqft
2018-10-01 57 days 2,743 sqft
2018-11-01 59 days 2,735 sqft
2018-12-01 72 days 2,698 sqft
2019-01-01 71 days 2,606 sqft
2019-02-01 59 days 2,663 sqft
2019-03-01 57 days 2,736 sqft
2019-04-01 45 days 2,755 sqft
2019-05-01 38 days 2,795 sqft
2019-06-01 38 days 2,696 sqft
2019-07-01 41 days 2,686 sqft
2019-08-01 54 days 2,656 sqft
2019-09-01 61 days 2,620 sqft
2019-10-01 58 days 2,589 sqft
2019-11-01 63 days 2,594 sqft
2019-12-01 82 days 2,663 sqft
2020-01-01 83 days 2,663 sqft
2020-02-01 74 days 2,695 sqft
2020-03-01 53 days 2,700 sqft
2020-04-01 52 days 2,694 sqft
2020-05-01 53 days 2,741 sqft
2020-06-01 51 days 2,745 sqft
2020-07-01 52 days 2,730 sqft
2020-08-01 57 days 2,717 sqft
2020-09-01 59 days 2,638 sqft
2020-10-01 61 days 2,578 sqft
2020-11-01 68 days 2,517 sqft
2020-12-01 82 days 2,521 sqft
2021-01-01 87 days 2,492 sqft
2021-02-01 55 days 2,486 sqft
2021-03-01 61 days 2,537 sqft
2021-04-01 53 days 2,417 sqft
2021-05-01 39 days 2,535 sqft
2021-06-01 31 days 2,476 sqft
2021-07-01 38 days 2,491 sqft
2021-08-01 37 days 2,476 sqft
2021-09-01 37 days 2,482 sqft
2021-10-01 39 days 2,464 sqft
2021-11-01 45 days 2,500 sqft
2021-12-01 62 days 2,396 sqft
2022-01-01 53 days 2,600 sqft
2022-02-01 31 days 2,470 sqft
2022-03-01 27 days 2,516 sqft
2022-04-01 19 days 2,528 sqft
2022-05-01 18 days 2,518 sqft
2022-06-01 23 days 2,615 sqft
2022-07-01 28 days 2,649 sqft
2022-08-01 36 days 2,653 sqft
2022-09-01 39 days 2,573 sqft
2022-10-01 44 days 2,602 sqft
2022-11-01 47 days 2,485 sqft
2022-12-01 65 days 2,480 sqft
2023-01-01 72 days 2,462 sqft
2023-02-01 63 days 2,435 sqft
2023-03-01 48 days 2,499 sqft
2023-04-01 37 days 2,582 sqft
Fort Collins's median listing age (time on market) for 2023-04-01 was 37 days. This is 95% longer than the same period one year ago.

Fort Collins's median square footage for active listings during the 2023-04-01 period was 2,582 sqft. One year prior, the average listing was 2,528 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.