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 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 6.46% for the week of 2023-12-01, compared to the national average (all VA variants) of 6.774% for the same period.

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

    The average rate for the prior week (2023-11-24) was 6.6% and one month ago for the week of 2023-10-27, the average rate was 7.23%.

    The average rate one year ago was 6.32%.

    For refis of the same type during the week of 2023-12-01, the average rate was 5.4%.

    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 (6.7%) $578,375 (4.6%) 1.74 827
    2018-02-01 $473,815 (5.6%) $593,184 (4.9%) 1.72 811
    2018-03-01 $479,000 (6.5%) $613,146 (9.0%) 1.68 860
    2018-04-01 $491,200 (9.2%) $621,106 (12.3%) 1.67 905
    2018-05-01 $490,966 (8.0%) $616,989 (10.5%) 1.64 1,057
    2018-06-01 $481,675 (4.8%) $610,600 (6.7%) 1.61 1,157
    2018-07-01 $482,473 (6.2%) $604,629 (4.9%) 1.61 1,261
    2018-08-01 $466,475 (3.7%) $588,416 (3.0%) 1.56 1,326
    2018-09-01 $465,000 (3.3%) $588,422 (3.4%) 1.56 1,348
    2018-10-01 $454,493 (-0.1%) $578,080 (0.9%) 1.54 1,295
    2018-11-01 $449,000 (-2.1%) $569,891 (0.4%) 1.52 1,255
    2018-12-01 $439,900 (-5.4%) $562,647 (-2.5%) 1.52 1,128
    2019-01-01 $439,950 (-6.4%) $554,773 (-4.1%) 1.52 1,044
    2019-02-01 $441,260 (-6.9%) $553,021 (-6.8%) 1.49 1,041
    2019-03-01 $447,143 (-6.7%) $562,920 (-8.2%) 1.46 1,023
    2019-04-01 $451,200 (-8.1%) $571,432 (-8.0%) 1.43 1,036
    2019-05-01 $452,450 (-7.8%) $573,828 (-7.0%) 1.41 1,163
    2019-06-01 $444,000 (-7.8%) $558,200 (-8.6%) 1.39 1,382
    2019-07-01 $437,583 (-9.3%) $558,361 (-7.7%) 1.37 1,536
    2019-08-01 $433,754 (-7.0%) $554,319 (-5.8%) 1.37 1,510
    2019-09-01 $431,885 (-7.1%) $552,136 (-6.2%) 1.38 1,471
    2019-10-01 $430,639 (-5.3%) $551,537 (-4.6%) 1.39 1,425
    2019-11-01 $430,582 (-4.1%) $552,315 (-3.1%) 1.41 1,304
    2019-12-01 $433,127 (-1.5%) $553,131 (-1.7%) 1.44 1,128
    2020-01-01 $439,239 (-0.2%) $565,759 (2.0%) 1.47 1,009
    2020-02-01 $449,900 (2.0%) $571,034 (3.3%) 1.48 966
    2020-03-01 $451,767 (1.0%) $575,737 (2.3%) 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 (8.3%) $602,834 (8.8%) 1.35 1,031
    2020-09-01 $464,785 (7.6%) $608,824 (10.3%) 1.33 925
    2020-10-01 $474,950 (10.3%) $616,231 (11.7%) 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 $479,800 (9.2%) $645,270 (14.1%) 1.43 490
    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%) $693,905 (18.6%) 1.35 378
    2021-05-01 $545,000 (18.5%) $706,838 (20.1%) 1.45 378
    2021-06-01 $532,426 (12.7%) $697,139 (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 $555,000 (16.9%) $707,612 (14.8%) 1.48 544
    2021-11-01 $563,258 (18.9%) $712,951 (15.0%) 1.51 431
    2021-12-01 $510,765 (7.5%) $625,356 (0.0%) 1.38 986
    2022-01-01 $604,245 (25.9%) $790,142 (22.5%) 1.63 262
    2022-02-01 $598,950 (21.1%) $832,905 (19.6%) 1.56 226
    2022-03-01 $606,250 (17.0%) $833,754 (17.0%) 1.52 246
    2022-04-01 $600,000 (20.0%) $809,965 (16.7%) 1.43 326
    2022-05-01 $625,050 (14.7%) $800,924 (13.3%) 1.43 504
    2022-06-01 $627,450 (17.9%) $794,139 (13.9%) 1.40 670
    2022-07-01 $635,750 (15.8%) $781,926 (12.3%) 1.43 828
    2022-08-01 $636,500 (16.8%) $809,283 (17.3%) 1.47 839
    2022-09-01 $621,200 (14.1%) $786,184 (14.6%) 1.45 880
    2022-10-01 $611,875 (10.3%) $787,574 (11.3%) 1.44 891
    2022-11-01 $592,000 (5.1%) $758,030 (6.3%) 1.42 889
    2022-12-01 $589,950 (15.5%) $762,601 (22.0%) 1.46 725
    2023-01-01 $592,500 (-1.9%) $770,004 (-2.6%) 1.47 616
    2023-02-01 $587,445 (-1.9%) $753,028 (-9.6%) 1.42 604
    2023-03-01 $604,995 (-0.2%) $776,008 (-6.9%) 1.43 607
    2023-04-01 $615,990 (2.7%) $803,155 (-0.8%) 1.43 646
    2023-05-01 $636,883 (1.9%) $812,667 (1.5%) 1.44 803
    2023-06-01 $642,900 (2.5%) $823,187 (3.7%) 1.44 940
    2023-07-01 $640,000 (0.7%) $820,271 (4.9%) 1.45 1,048
    2023-08-01 $627,473 (-1.4%) $800,228 (-1.1%) 1.44 1,088
    2023-09-01 $625,000 (0.6%) $809,636 (3.0%) 1.46 1,064
    2023-10-01 $619,995 (1.3%) $818,851 (4.0%) 1.46 1,091
    2023-11-01 $607,500 (2.6%) $819,870 (8.2%) 1.45 1,016
    Fort Collins's median listing price for 2023-11-01 was $607,500, a difference of $15,500 (2.6%) versus the prior year and $-12,495 versus the prior month.

    Fort Collins's median listing price comes in at 145% of the national average.

    Fort Collins's average listing price for 2023-11-01 was $819,870, a difference of $61,840 (8.2%) versus the prior year and $1,019 versus the prior month.

    For the 2023-11-01 period, Fort Collins had 1,016 MLS listings, a difference of -75 listings (-7%) versus the prior month and 127 listings (14%) 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 85 days 3,007 sqft
    2018-02-01 59 days 2,976 sqft
    2018-03-01 45 days 3,031 sqft
    2018-04-01 41 days 3,013 sqft
    2018-05-01 36 days 2,895 sqft
    2018-06-01 37 days 2,839 sqft
    2018-07-01 43 days 2,826 sqft
    2018-08-01 45 days 2,795 sqft
    2018-09-01 50 days 2,784 sqft
    2018-10-01 53 days 2,744 sqft
    2018-11-01 57 days 2,735 sqft
    2018-12-01 69 days 2,695 sqft
    2019-01-01 66 days 2,606 sqft
    2019-02-01 55 days 2,664 sqft
    2019-03-01 48 days 2,688 sqft
    2019-04-01 43 days 2,756 sqft
    2019-05-01 37 days 2,796 sqft
    2019-06-01 37 days 2,696 sqft
    2019-07-01 40 days 2,686 sqft
    2019-08-01 47 days 2,608 sqft
    2019-09-01 53 days 2,597 sqft
    2019-10-01 57 days 2,589 sqft
    2019-11-01 60 days 2,594 sqft
    2019-12-01 71 days 2,663 sqft
    2020-01-01 74 days 2,663 sqft
    2020-02-01 60 days 2,695 sqft
    2020-03-01 44 days 2,700 sqft
    2020-04-01 44 days 2,694 sqft
    2020-05-01 46 days 2,741 sqft
    2020-06-01 40 days 2,745 sqft
    2020-07-01 40 days 2,730 sqft
    2020-08-01 40 days 2,720 sqft
    2020-09-01 44 days 2,641 sqft
    2020-10-01 43 days 2,579 sqft
    2020-11-01 52 days 2,520 sqft
    2020-12-01 59 days 2,525 sqft
    2021-01-01 73 days 2,493 sqft
    2021-02-01 40 days 2,490 sqft
    2021-03-01 49 days 2,541 sqft
    2021-04-01 45 days 2,418 sqft
    2021-05-01 33 days 2,542 sqft
    2021-06-01 30 days 2,478 sqft
    2021-07-01 37 days 2,493 sqft
    2021-08-01 32 days 2,476 sqft
    2021-09-01 36 days 2,482 sqft
    2021-10-01 37 days 2,464 sqft
    2021-11-01 44 days 2,500 sqft
    2021-12-01 59 days 2,396 sqft
    2022-01-01 50 days 2,600 sqft
    2022-02-01 29 days 2,470 sqft
    2022-03-01 25 days 2,516 sqft
    2022-04-01 18 days 2,529 sqft
    2022-05-01 17 days 2,519 sqft
    2022-06-01 23 days 2,607 sqft
    2022-07-01 27 days 2,648 sqft
    2022-08-01 36 days 2,651 sqft
    2022-09-01 39 days 2,573 sqft
    2022-10-01 44 days 2,608 sqft
    2022-11-01 46 days 2,486 sqft
    2022-12-01 64 days 2,486 sqft
    2023-01-01 72 days 2,472 sqft
    2023-02-01 60 days 2,449 sqft
    2023-03-01 47 days 2,502 sqft
    2023-04-01 37 days 2,581 sqft
    2023-05-01 32 days 2,590 sqft
    2023-06-01 34 days 2,611 sqft
    2023-07-01 37 days 2,577 sqft
    2023-08-01 41 days 2,542 sqft
    2023-09-01 45 days 2,610 sqft
    2023-10-01 47 days 2,547 sqft
    2023-11-01 51 days 2,488 sqft
    Fort Collins's median listing age (time on market) for 2023-11-01 was 51 days. This is 11% longer than the same period one year ago.

    Fort Collins's median square footage for active listings during the 2023-11-01 period was 2,488 sqft. One year prior, the average listing was 2,486 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.