Fort Collins VA Loans

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 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 5.63% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.66% and one month ago for the week of 2022-04-08, the average rate was 4.78%.

    The average rate one year ago was 3%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.08%.

    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 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. Total Fees
    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 & INVESTMENT LLC 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 & INVESTMENT LLC ($4,182) and Bank of Colorado ($4,841).

    The lowest rate Fort Collins VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (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 $465,000 (8.3%) $587,409 (6.2%) 1.71 806
    2018-02-01 $473,995 (7.7%) $610,084 (7.1%) 1.71 789
    2018-03-01 $485,000 (9.5%) $629,966 (10.4%) 1.68 844
    2018-04-01 $485,000 (10.2%) $629,010 (12.6%) 1.63 905
    2018-05-01 $483,495 (9.3%) $631,926 (12.5%) 1.61 1,072
    2018-06-01 $485,000 (8.2%) $627,991 (8.9%) 1.62 1,233
    2018-07-01 $485,000 (8.0%) $614,508 (5.2%) 1.62 1,342
    2018-08-01 $469,400 (5.0%) $597,366 (2.6%) 1.57 1,387
    2018-09-01 $466,163 (4.1%) $597,272 (3.4%) 1.56 1,409
    2018-10-01 $449,995 (0.1%) $581,936 (0.5%) 1.51 1,359
    2018-11-01 $449,700 (-0.1%) $575,506 (-0.6%) 1.51 1,320
    2018-12-01 $440,000 (-3.3%) $570,639 (-2.8%) 1.51 1,185
    2019-01-01 $445,000 (-4.3%) $565,715 (-3.7%) 1.53 1,094
    2019-02-01 $447,000 (-5.7%) $562,072 (-7.9%) 1.50 1,084
    2019-03-01 $450,607 (-7.1%) $567,832 (-9.9%) 1.47 1,081
    2019-04-01 $455,688 (-6.0%) $575,700 (-8.5%) 1.43 1,110
    2019-05-01 $459,950 (-4.9%) $573,838 (-9.2%) 1.42 1,234
    2019-06-01 $445,645 (-8.1%) $557,694 (-11.2%) 1.37 1,458
    2019-07-01 $439,143 (-9.5%) $555,950 (-9.5%) 1.36 1,636
    2019-08-01 $437,100 (-6.9%) $548,805 (-8.1%) 1.38 1,634
    2019-09-01 $432,400 (-7.2%) $540,400 (-9.5%) 1.37 1,628
    2019-10-01 $433,475 (-3.7%) $545,443 (-6.3%) 1.38 1,557
    2019-11-01 $434,850 (-3.3%) $545,496 (-5.2%) 1.40 1,422
    2019-12-01 $436,125 (-0.9%) $548,903 (-3.8%) 1.45 1,219
    2020-01-01 $447,556 (0.6%) $563,329 (-0.4%) 1.49 1,061
    2020-02-01 $450,000 (0.7%) $573,722 (2.1%) 1.45 1,016
    2020-03-01 $464,489 (3.1%) $594,699 (4.7%) 1.45 1,033
    2020-04-01 $452,500 (-0.7%) $577,311 (0.3%) 1.41 1,210
    2020-05-01 $460,000 (0.0%) $577,699 (0.7%) 1.39 1,369
    2020-06-01 $468,416 (5.1%) $591,315 (6.0%) 1.37 1,301
    2020-07-01 $464,901 (5.9%) $582,492 (4.8%) 1.33 1,221
    2020-08-01 $464,900 (6.4%) $590,452 (7.6%) 1.33 1,092
    2020-09-01 $467,495 (8.1%) $601,935 (11.4%) 1.34 1,012
    2020-10-01 $481,000 (11.0%) $618,621 (13.4%) 1.37 871
    2020-11-01 $483,350 (11.2%) $621,783 (14.0%) 1.38 773
    2020-12-01 $484,000 (11.0%) $624,767 (13.8%) 1.42 664
    2021-01-01 $493,595 (10.3%) $647,265 (14.9%) 1.45 496
    2021-02-01 $519,796 (15.5%) $713,729 (24.4%) 1.49 426
    2021-03-01 $561,150 (20.8%) $730,238 (22.8%) 1.57 367
    2021-04-01 $507,500 (12.2%) $690,843 (19.7%) 1.36 357
    2021-05-01 $550,000 (19.6%) $721,031 (24.8%) 1.45 363
    2021-06-01 $540,493 (15.4%) $712,931 (20.6%) 1.40 458
    2021-07-01 $549,500 (18.2%) $701,893 (20.5%) 1.43 536
    2021-08-01 $544,950 (17.2%) $704,577 (19.3%) 1.43 595
    2021-09-01 $547,629 (17.1%) $697,278 (15.8%) 1.44 577
    2021-10-01 $560,000 (16.4%) $714,517 (15.5%) 1.47 533
    2021-11-01 $572,844 (18.5%) $722,539 (16.2%) 1.51 416
    2021-12-01 $518,700 (7.2%) $630,478 (0.9%) 1.38 949
    2022-01-01 $637,900 (29.2%) $794,846 (22.8%) 1.70 256
    2022-02-01 $620,000 (19.3%) $850,265 (19.1%) 1.58 225
    2022-03-01 $634,995 (13.2%) $860,376 (17.8%) 1.57 233
    2022-04-01 $625,000 (23.2%) $842,951 (22.0%) 1.47 303
    Fort Collins's median listing price for 2022-04-01 was $625,000, a difference of $117,500 (23.2%) versus the prior year and $-9,995 versus the prior month.

    Fort Collins's median listing price comes in at 147% of the national average.

    Fort Collins's average listing price for 2022-04-01 was $842,951, a difference of $152,108 (22.0%) versus the prior year and $-17,425 versus the prior month.

    For the 2022-04-01 period, Fort Collins had 303 MLS listings, a difference of 70 listings (30%) versus the prior month and -54 listings (-15%) 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 86 days 2,938 sqft
    2018-02-01 70 days 2,897 sqft
    2018-03-01 49 days 2,993 sqft
    2018-04-01 42 days 2,908 sqft
    2018-05-01 36 days 2,836 sqft
    2018-06-01 37 days 2,778 sqft
    2018-07-01 43 days 2,753 sqft
    2018-08-01 46 days 2,766 sqft
    2018-09-01 50 days 2,754 sqft
    2018-10-01 55 days 2,704 sqft
    2018-11-01 58 days 2,699 sqft
    2018-12-01 70 days 2,695 sqft
    2019-01-01 66 days 2,641 sqft
    2019-02-01 61 days 2,678 sqft
    2019-03-01 57 days 2,698 sqft
    2019-04-01 46 days 2,772 sqft
    2019-05-01 39 days 2,804 sqft
    2019-06-01 38 days 2,714 sqft
    2019-07-01 41 days 2,677 sqft
    2019-08-01 49 days 2,622 sqft
    2019-09-01 51 days 2,596 sqft
    2019-10-01 57 days 2,584 sqft
    2019-11-01 59 days 2,587 sqft
    2019-12-01 70 days 2,679 sqft
    2020-01-01 79 days 2,739 sqft
    2020-02-01 70 days 2,750 sqft
    2020-03-01 47 days 2,761 sqft
    2020-04-01 45 days 2,684 sqft
    2020-05-01 50 days 2,722 sqft
    2020-06-01 46 days 2,750 sqft
    2020-07-01 47 days 2,734 sqft
    2020-08-01 46 days 2,707 sqft
    2020-09-01 45 days 2,636 sqft
    2020-10-01 44 days 2,724 sqft
    2020-11-01 56 days 2,662 sqft
    2020-12-01 66 days 2,708 sqft
    2021-01-01 73 days 2,650 sqft
    2021-02-01 38 days 2,650 sqft
    2021-03-01 41 days 2,597 sqft
    2021-04-01 38 days 2,409 sqft
    2021-05-01 30 days 2,615 sqft
    2021-06-01 29 days 2,503 sqft
    2021-07-01 31 days 2,493 sqft
    2021-08-01 31 days 2,484 sqft
    2021-09-01 36 days 2,473 sqft
    2021-10-01 40 days 2,457 sqft
    2021-11-01 46 days 2,522 sqft
    2021-12-01 59 days 2,393 sqft
    2022-01-01 53 days 2,714 sqft
    2022-02-01 33 days 2,564 sqft
    2022-03-01 30 days 2,643 sqft
    2022-04-01 21 days 2,545 sqft
    Fort Collins's median listing age (time on market) for 2022-04-01 was 21 days. This is -44% shorter than the same period one year ago.

    Fort Collins's median square footage for active listings during the 2022-04-01 period was 2,545 sqft. One year prior, the average listing was 2,409 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.