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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.