Fort Collins VA Loan Rates, Closing Costs & Stats

FORT COLLINS, 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.

    Fort Collins's 77 lenders originated 355 VA loans during 2023. The total origination value was $185,335,000, with an average VA loan value of $522,070.

    Fort Collins VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fort Collins averaged 6.55% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Fort Collins's average VA mortgage closing costs are $7,266.

    The average rate for the prior week (2024-11-01) was 6.51% and one month ago for the week of 2024-10-04, the average rate was 5.54%.

    The average rate one year ago was 7.49%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.93%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 56 6.09% $8,756
    Mortgage Research Center, LLC 28 6.65% $10,106
    QUICKEN LOANS, LLC 19 5.86% $19,631
    DHI MORTGAGE COMPANY, LTD. 16 5.14% $13,971
    CORNERSTONE HOME LENDING, INC. 12 5.91% $14,138
    GUARANTEED RATE, INC. 10 6.30% $14,672
    USAA Federal Savings Bank 9 6.42% $13,521
    HOMEAMERICAN MORTGAGE CORPORATION 9 4.99% $6,813
    CROSSCOUNTRY MORTGAGE, LLC 9 6.56% $12,997
    GROUP MORTGAGE, LLC 8 5.86% $19,493
    CMG MORTGAGE, INC. 8 6.11% $11,929
    First Western Trust Bank 7 6.30% $5,213
    ACADEMY MORTGAGE CORPORATION 7 6.05% $19,431
    EAGLE HOME MORTGAGE, LLC 7 4.75% $6,673
    Bank of Colorado 6 5.96% $17,230
    NAVY FEDERAL CREDIT UNION 6 6.44% $5,360
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.17% $12,533
    PENNYMAC LOAN SERVICES, LLC 5 5.45% $9,375
    LOANDEPOT.COM, LLC 5 5.99% $20,729
    BROKER SOLUTIONS, INC. 5 6.55% $9,052
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.55% $9,469
    Gateway First Bank 5 6.33% $10,067
    UNIVERSAL LENDING CORPORATION 4 5.84% $6,503
    MOVEMENT MORTGAGE, LLC 4 7.06% $11,736
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.00% $14,887
    JET HOMELOANS, LLC 4 5.74% $9,084
    NEST HOME LENDING, LLC 4 5.62% $12,661
    TOWNE MORTGAGE COMPANY 3 6.67% $5,322
    AMERICAN FINANCING CORPORATION 3 5.33% $18,032
    Plains Commerce Bank 3 5.83% $14,920
    GUILD MORTGAGE COMPANY 3 6.50% $16,973
    U.S. Bank 3 6.75% $18,421
    The Federal Savings Bank 3 6.42% $22,458
    INTERCAP LENDING INC. 2 6.88% $13,416
    BAY EQUITY LLC 2 5.81% $8,856
    CARDINAL FINANCIAL 2 6.50% $7,913
    FREEDOM MORTGAGE CORPORATION 2 6.75% $23,009
    GUARANTEED RATE AFFINITY, LLC 2 6.94% $2,457
    HOME MORTGAGE ALLIANCE, LLC 2 5.94% $2,498
    NBH Bank 2 5.44% $13,804
    NEWREZ LLC 2 5.94% $4,460
    PENTAGON FEDERAL CREDIT UNION 2 5.50% $3,477
    HomePromise Corporation 1 5.75% $20,460
    LOANPAL, LLC 1 6.63% $1,818
    Flagstar Bank, FSB 1 6.25% $37,445
    First National Bank of Omaha 1 7.00% $10,110
    First Federal Bank of Kansas City 1 5.50% $800
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $37,074
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.13% $18,172
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $6,312
    VERITAS FUNDING, LLC 1 5.99% $48,609
    Ent Credit Union 1 5.50% $3,616
    NEW DAY FINANCIAL, LLC 1 7.75% $6,628
    VILLAGE CAPITAL MORTGAGE 1 6.50% $12,445
    North American Savings Bank, F.S.B. 1 6.50% $4,430
    Paramount Residential Mortgage Group, Inc. 1 5.75% $3,487
    Cornerstone First Mortgage, Inc 1 7.49% $1,781
    Wells Fargo Bank 1 6.38% $7,058
    PHH Mortgage Corporation 1 6.63% $25,769
    CHERRY CREEK MORTGAGE, LLC 1 4.75% $0
    PLAZA HOME MORTGAGE, INC. 1 5.75% $4,793
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.88% $10,130
    Century Mortgage Company DBA Century Lending Company 1 5.13% $7,006
    RELIANCE FIRST CAPITAL, LLC 1 5.50% $13,202
    Servion, Inc. 1 6.50% $15,657
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.13% $6,466
    SUMMIT FUNDING, INC. 1 6.25% $12,345
    SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $8,076
    Carrington Mortgage Services, LLC 1 2.88% $2,209
    CALCON MUTUAL MORTGAGE LLC 1 5.50% $15,348
    Barrington Bank & Trust Company, N.A. 1 6.17% $9,082
    American Mortgage & Equity Consultants, Inc. 1 6.25% $5,591
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $800
    ALLIED MORTGAGE GROUP, INC. 1 6.50% $13,548
    Ixonia Bank 1 6.25% $13,719
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 1 6.25% $42,208
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $13,811

    The top Fort Collins VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 56 VA loans originated. Their average total fees are $8,756, which is $1,350 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Fort Collins VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($8,756), Mortgage Research Center, LLC ($10,106), DHI MORTGAGE COMPANY, LTD. ($13,971), CORNERSTONE HOME LENDING, INC. ($14,138) and GUARANTEED RATE, INC. ($14,672).

    The lowest rate Fort Collins VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.14%), QUICKEN LOANS, LLC (5.86%), CORNERSTONE HOME LENDING, INC. (5.91%), UNITED WHOLESALE MORTGAGE, LLC (6.09%) and GUARANTEED RATE, INC. (6.30%).

    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.