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 146 lenders originated 1,620 VA loans during 2021. The total origination value was $646,750,000, with an average VA loan value of $399,228.

Fort Collins VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Fort Collins averaged 0.07% for the week of 2022-11-25, compared to the national average (all VA variants) of 0% for the same period.

Fort Collins's average VA mortgage closing costs are $6,504.

The average rate for the prior week (2022-11-18) was 6.56% and one month ago for the week of 2022-10-21, the average rate was 6.91%.

The average rate one year ago was 3.19%.

For refis of the same type during the week of 2022-11-25, the average rate was 0.33%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 95 2.38% $6,442
FREEDOM MORTGAGE CORPORATION 92 2.33% $3,472
UNITED WHOLESALE MORTGAGE, LLC 77 2.46% $7,717
PENNYMAC LOAN SERVICES, LLC 67 2.32% $6,447
Mortgage Research Center, LLC 65 2.67% $8,230
CALIBER HOME LOANS, INC. 60 2.49% $7,497
LOANDEPOT.COM, LLC 53 2.47% $6,189
HOME POINT FINANCIAL CORPORATION 47 2.42% $6,836
AMERICAN FINANCING CORPORATION 43 2.47% $6,002
LAKEVIEW LOAN SERVICING, LLC 42 2.46% $2,953
USAA Federal Savings Bank 35 2.83% $5,677
VILLAGE CAPITAL MORTGAGE 33 2.19% $4,182
NAVY FEDERAL CREDIT UNION 29 2.45% $5,301
BROKER SOLUTIONS, INC. 27 2.57% $6,706
First Western Trust Bank 26 2.52% $5,723
CROSSCOUNTRY MORTGAGE, LLC 25 2.71% $11,190
ACADEMY MORTGAGE CORPORATION 22 2.57% $9,060
GROUP MORTGAGE, LLC 22 2.72% $6,883
CORNERSTONE HOME LENDING, INC. 22 2.74% $7,681
CHERRY CREEK MORTGAGE, LLC 19 2.67% $6,119
DHI MORTGAGE COMPANY, LTD. 18 2.60% $10,857
Gateway First Bank 18 2.62% $10,217
Mr. Cooper ( Nationstar Mortgage ) 17 2.54% $6,171
NEW DAY FINANCIAL, LLC 17 2.88% $12,252
The Federal Savings Bank 16 2.51% $9,596
NEST HOME LENDING, LLC 15 2.93% $5,369
CLEARPATH LENDING 15 2.23% $5,021
MEGASTAR FINANCIAL CORP. 14 2.62% $7,099
MORTGAGE SOLUTIONS OF COLORADO, LLC 13 2.79% $6,768
Bank of Colorado 13 2.63% $4,841
Wells Fargo Bank 13 2.51% $4,852
First National Bank of Omaha 13 2.77% $4,874
NEWREZ LLC 12 2.64% $3,147
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 2.94% $10,023
GUARANTEED RATE AFFINITY, LLC 11 2.56% $5,519
PLANET HOME LENDING, LLC 9 2.61% $6,890
Flagstar Bank, FSB 9 2.60% $8,867
CMG MORTGAGE, INC. 9 2.60% $14,238
NBKC BANK 9 2.54% $1,990
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 9 2.74% $6,062
Elevations Credit Union 8 2.56% $5,175
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 2.80% $9,784
UNIVERSAL LENDING CORPORATION 7 2.79% $6,929
T2 FINANCIAL LLC 7 2.66% $8,196
GUILD MORTGAGE COMPANY 7 2.70% $15,148
HOMEAMERICAN MORTGAGE CORPORATION 7 2.71% $5,772
Financial Funding Solutions, Inc. 6 2.68% $6,002
PENTAGON FEDERAL CREDIT UNION 6 2.35% $2,459
BOKF 6 2.67% $5,722
FINANCE OF AMERICA MORTGAGE LLC 6 2.50% $7,041
Amerifirst Financial, Inc. 6 2.35% $10,307
GUARANTEED RATE, INC. 6 2.44% $11,717
InterContinental Capital Group, Inc 6 2.48% $4,754
SUN WEST MORTGAGE COMPANY, INC. 5 2.35% $3,467
Carrington Mortgage Services, LLC 5 2.93% $4,855
Loan Simple, Inc. 5 2.50% $10,170
SOVEREIGN LENDING GROUP INCORPORATED 5 2.65% $11,607
MOVEMENT MORTGAGE, LLC 5 3.43% $13,150
NOVA FINANCIAL & INVESTMENT CORPORATION 5 2.70% $2,729
BNC National Bank 5 2.43% $10,095
HOME MORTGAGE ALLIANCE, LLC 5 2.60% $5,939
AMERISAVE MORTGAGE CORPORATION 5 2.55% $8,139
First Guaranty Mortgage Corporation 5 2.48% $4,995
Low VA Rates, LLC 5 2.38% $4,255
ZILLOW HOME LOANS, LLC 4 2.34% $8,124
EAGLE HOME MORTGAGE, LLC 4 2.66% $7,692
LOANPAL, LLC 4 2.50% $5,681
Magnolia Bank 4 2.41% $15,336
North American Savings Bank, F.S.B. 4 2.25% $1,922
South Pacific Financial Corporation 4 2.72% $10,455
NP, Inc. 3 2.46% $4,697
CHURCHILL MORTGAGE CORPORATION 3 2.25% $5,397
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.54% $4,508
Commerce Home Mortgage, Inc. 3 2.58% $4,380
NBH Bank 3 2.67% $7,672
KBHS HOME LOANS, LLC 3 2.62% $10,240
ALL WESTERN MORTGAGE, INC. 3 3.46% $7,725
AMERICAN FINANCIAL NETWORK, INC. 3 2.88% $12,408
UNION HOME MORTGAGE CORP. 3 2.25% $3,928
Wyndham Capital Mortgage, Inc. 3 2.75% $11,360
First Mortgage Solutions, LLC 3 2.29% $2,183
TJC Mortgage, Inc. 3 2.25% $3,718
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.54% $10,157
AmeriHome Mortgage Company, LLC 3 2.95% $2,408
Strong Home Mortgage, LLC 3 2.33% $5,590
SRE MORTGAGE ALLIANCE INC. 3 2.25% $10,024
Prime Choice Funding Inc. 3 2.46% $2,337
Ent Credit Union 3 2.46% $10,458
DRAPER AND KRAMER MORTGAGE CORP. 2 2.86% $2,378
KS StateBank 2 2.19% $9,242
Lakeview Community Capital, LLC 2 2.50% $2,098
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.50% $4,928
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.50% $4,802
NETWORK CAPITAL FUNDING CORPORATION 2 2.25% $2,650
Wyoming Bank & Trust 2 2.25% $8,055
CENTENNIAL LENDING, LLC 2 2.44% $15,604
Paramount Residential Mortgage Group, Inc. 2 2.44% $8,342
Capital Bank 2 2.25% $3,489
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 2.56% $5,232
Sierra Pacific Mortgage Company, Inc. 2 2.50% $3,488
STEARNS LENDING, LLC 2 2.25% $3,176
Sunflower Bank 2 2.56% $2,233
TBI MORTGAGE COMPANY 2 2.63% $2,904
UNITED MORTGAGE CORP. 2 2.69% $13,075
UNITED SECURITY FINANCIAL CORP 2 2.00% $7,209
ACCELERATE MORTGAGE, LLC 2 2.00% $8,675
HOMESTEAD FUNDING CORP. 2 2.31% $1,469
Hometown Lenders, Inc. 2 2.56% $3,708
Independent Bank 2 2.38% $795
Bank of England 1 3.25% $7,291
First Bank 1 2.25% $22,123
U.S. Bank 1 2.99% $1,974
Assurance Financial Group, L.L.C. 1 2.13% $2,262
RELIANCE FIRST CAPITAL, LLC 1 2.88% $6,350
VAN DYK MORTGAGE CORPORATION 1 2.75% $11,561
Academy Bank 1 2.25% $1,513
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.13% $10,847
MORTGAGE ACCESS CORP. 1 3.25% $40,624
WESTERRA CREDIT UNION 1 2.75% $18,999
Midwest Mortgage Associates Corporation 1 2.88% $3,288
V.I.P. MORTGAGE, INC. 1 2.38% $2,798
AmRes Corporation 1 2.75% $4,376
SWBC MORTGAGE CORPORATION 1 3.50% $2,890
Mid-Continent Funding, Inc. 1 2.88% $1,933
Wallick & Volk, Inc. 1 3.00% $2,844
The Central Trust Bank 1 2.00% $1,181
MID AMERICA MORTGAGE, INC. 1 2.88% $1,394
Meridian Bank Corporation 1 2.25% $4,637
TOWNE MORTGAGE COMPANY 1 3.00% $4,280
Franklin Loan Corporation 1 3.88% $3,750
Credence Funding Corporation 1 2.25% $1,885
Colonial Savings, F.A. 1 2.63% $6,208
Waterstone Mortgage Corporation 1 3.00% $17,027
DHA FINANCIAL, LLC 1 2.75% $3,003
Century Mortgage Company DBA Century Lending Company 1 2.25% $6,718
NFM, INC. 1 2.88% $3,550
HOMESIDE FINANCIAL, LLC 1 2.75% $15,859
Glacier Bank 1 2.88% $3,595
Jonah Bank of Wyoming 1 2.25% $5,203
Paramount Bank 1 2.38% $4,165
AMCAP MORTGAGE, LTD. 1 2.25% $3,503
PARTNERS UNITED FINANCIAL, LLC 1 2.63% $3,275
CELEBRITY HOME LOANS, LLC 1 2.25% $3,945
ALTITUDE FINANCIAL CORPORATION 1 2.25% $2,042
Barrington Bank & Trust Company, N.A. 1 2.75% $7,823
Presidential Bank, FSB 1 2.88% $8,625

The top Fort Collins VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 95 VA loans originated. Their average total fees are $6,442, which is $2,970 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Fort Collins VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,953), NEWREZ LLC ($3,147), FREEDOM MORTGAGE CORPORATION ($3,472), VILLAGE CAPITAL MORTGAGE ($4,182) and Bank of Colorado ($4,841).

The lowest rate Fort Collins VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.19%), CLEARPATH LENDING (2.23%), PENNYMAC LOAN SERVICES, LLC (2.32%), FREEDOM MORTGAGE CORPORATION (2.33%) and QUICKEN LOANS, LLC (2.38%).


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 (12.1%) 1.66 905
2018-05-01 $491,300 (8.0%) $616,956 (10.4%) 1.64 1,057
2018-06-01 $481,675 (4.8%) $610,129 (6.6%) 1.61 1,157
2018-07-01 $481,995 (5.4%) $603,782 (4.7%) 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 $445,909 (-7.2%) $562,286 (-8.8%) 1.46 1,023
2019-04-01 $451,200 (-8.1%) $571,431 (-7.9%) 1.43 1,037
2019-05-01 $452,450 (-7.9%) $573,634 (-7.0%) 1.41 1,164
2019-06-01 $443,500 (-7.9%) $558,043 (-8.5%) 1.39 1,383
2019-07-01 $437,583 (-9.2%) $558,217 (-7.6%) 1.37 1,538
2019-08-01 $433,713 (-7.1%) $554,145 (-5.8%) 1.37 1,512
2019-09-01 $431,782 (-7.1%) $551,921 (-5.9%) 1.38 1,473
2019-10-01 $430,495 (-4.8%) $551,339 (-4.5%) 1.39 1,427
2019-11-01 $430,582 (-4.1%) $552,145 (-3.0%) 1.41 1,306
2019-12-01 $433,127 (-1.6%) $552,936 (-1.3%) 1.44 1,130
2020-01-01 $439,239 (-0.1%) $565,516 (2.1%) 1.47 1,011
2020-02-01 $449,900 (2.0%) $571,032 (3.2%) 1.47 967
2020-03-01 $452,000 (1.4%) $575,731 (2.4%) 1.42 976
2020-04-01 $452,000 (0.2%) $585,088 (2.4%) 1.42 1,125
2020-05-01 $460,000 (1.7%) $588,653 (2.6%) 1.40 1,289
2020-06-01 $472,326 (6.5%) $600,091 (7.5%) 1.39 1,214
2020-07-01 $469,900 (7.4%) $596,767 (6.9%) 1.36 1,147
2020-08-01 $469,900 (8.3%) $603,183 (8.9%) 1.35 1,030
2020-09-01 $465,127 (7.7%) $609,195 (10.4%) 1.33 924
2020-10-01 $474,999 (10.3%) $616,684 (11.9%) 1.36 798
2020-11-01 $473,750 (10.0%) $619,883 (12.3%) 1.38 732
2020-12-01 $475,027 (9.7%) $624,783 (13.0%) 1.41 651
2021-01-01 $476,663 (8.5%) $646,579 (14.3%) 1.42 492
2021-02-01 $494,575 (9.9%) $696,016 (21.9%) 1.44 434
2021-03-01 $516,986 (14.4%) $711,584 (23.6%) 1.47 378
2021-04-01 $499,950 (10.6%) $693,309 (18.5%) 1.35 380
2021-05-01 $545,000 (18.5%) $705,229 (19.8%) 1.44 380
2021-06-01 $532,500 (12.7%) $696,190 (16.0%) 1.40 476
2021-07-01 $549,000 (16.8%) $695,494 (16.5%) 1.45 555
2021-08-01 $544,425 (15.9%) $689,478 (14.3%) 1.45 601
2021-09-01 $544,225 (17.0%) $685,400 (12.5%) 1.45 591
2021-10-01 $552,690 (16.4%) $706,784 (14.6%) 1.47 545
2021-11-01 $562,261 (18.7%) $712,014 (14.9%) 1.50 432
2021-12-01 $511,133 (7.6%) $626,070 (0.2%) 1.39 979
2022-01-01 $600,258 (25.9%) $789,756 (22.1%) 1.62 263
2022-02-01 $597,925 (20.9%) $830,601 (19.3%) 1.56 227
2022-03-01 $608,648 (17.7%) $834,257 (17.2%) 1.52 245
2022-04-01 $600,000 (20.0%) $810,610 (16.9%) 1.43 326
2022-05-01 $624,440 (14.6%) $801,108 (13.6%) 1.43 504
2022-06-01 $627,450 (17.8%) $794,408 (14.1%) 1.40 670
2022-07-01 $636,500 (15.9%) $782,829 (12.6%) 1.44 828
2022-08-01 $636,000 (16.8%) $808,699 (17.3%) 1.47 839
2022-09-01 $620,900 (14.1%) $786,415 (14.7%) 1.45 882
2022-10-01 $610,000 (10.4%) $785,902 (11.2%) 1.44 896
Fort Collins's median listing price for 2022-10-01 was $610,000, a difference of $57,310 (10.4%) versus the prior year and $-10,900 versus the prior month.

Fort Collins's median listing price comes in at 144% of the national average.

Fort Collins's average listing price for 2022-10-01 was $785,902, a difference of $79,118 (11.2%) versus the prior year and $-513 versus the prior month.

For the 2022-10-01 period, Fort Collins had 896 MLS listings, a difference of 14 listings (2%) versus the prior month and 351 listings (64%) 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 50 days 2,687 sqft
2019-04-01 45 days 2,756 sqft
2019-05-01 38 days 2,796 sqft
2019-06-01 38 days 2,696 sqft
2019-07-01 41 days 2,684 sqft
2019-08-01 48 days 2,606 sqft
2019-09-01 54 days 2,595 sqft
2019-10-01 58 days 2,588 sqft
2019-11-01 63 days 2,590 sqft
2019-12-01 82 days 2,660 sqft
2020-01-01 83 days 2,659 sqft
2020-02-01 74 days 2,693 sqft
2020-03-01 53 days 2,694 sqft
2020-04-01 52 days 2,690 sqft
2020-05-01 53 days 2,738 sqft
2020-06-01 51 days 2,745 sqft
2020-07-01 53 days 2,730 sqft
2020-08-01 57 days 2,720 sqft
2020-09-01 60 days 2,642 sqft
2020-10-01 61 days 2,580 sqft
2020-11-01 68 days 2,517 sqft
2020-12-01 82 days 2,518 sqft
2021-01-01 87 days 2,490 sqft
2021-02-01 56 days 2,485 sqft
2021-03-01 61 days 2,529 sqft
2021-04-01 54 days 2,417 sqft
2021-05-01 40 days 2,533 sqft
2021-06-01 31 days 2,474 sqft
2021-07-01 38 days 2,489 sqft
2021-08-01 37 days 2,472 sqft
2021-09-01 37 days 2,480 sqft
2021-10-01 39 days 2,452 sqft
2021-11-01 45 days 2,490 sqft
2021-12-01 61 days 2,396 sqft
2022-01-01 53 days 2,575 sqft
2022-02-01 32 days 2,457 sqft
2022-03-01 28 days 2,523 sqft
2022-04-01 19 days 2,526 sqft
2022-05-01 18 days 2,516 sqft
2022-06-01 23 days 2,609 sqft
2022-07-01 28 days 2,649 sqft
2022-08-01 37 days 2,648 sqft
2022-09-01 40 days 2,568 sqft
2022-10-01 44 days 2,601 sqft
Fort Collins's median listing age (time on market) for 2022-10-01 was 44 days. This is 13% longer than the same period one year ago.

Fort Collins's median square footage for active listings during the 2022-10-01 period was 2,601 sqft. One year prior, the average listing was 2,452 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.