Fort Collins VA Loans

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 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.