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 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.