Fort Collins VA Loan Rates, Closing Costs & Stats

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 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 77 lenders originated 355 VA loans during 2023. The total origination value was $185,335,000, with an average VA loan value of $522,070.

Fort Collins VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Fort Collins averaged 6.2% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Fort Collins's average VA mortgage closing costs are $7,266.

The average rate for the prior week (2024-05-31) was 6.71% and one month ago for the week of 2024-05-03, the average rate was 6.74%.

The average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.98%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 56 6.09% $8,756
Mortgage Research Center, LLC 28 6.65% $10,106
QUICKEN LOANS, LLC 19 5.86% $19,631
DHI MORTGAGE COMPANY, LTD. 16 5.14% $13,971
CORNERSTONE HOME LENDING, INC. 12 5.91% $14,138
GUARANTEED RATE, INC. 10 6.30% $14,672
USAA Federal Savings Bank 9 6.42% $13,521
HOMEAMERICAN MORTGAGE CORPORATION 9 4.99% $6,813
CROSSCOUNTRY MORTGAGE, LLC 9 6.56% $12,997
GROUP MORTGAGE, LLC 8 5.86% $19,493
CMG MORTGAGE, INC. 8 6.11% $11,929
First Western Trust Bank 7 6.30% $5,213
ACADEMY MORTGAGE CORPORATION 7 6.05% $19,431
EAGLE HOME MORTGAGE, LLC 7 4.75% $6,673
Bank of Colorado 6 5.96% $17,230
NAVY FEDERAL CREDIT UNION 6 6.44% $5,360
AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.17% $12,533
PENNYMAC LOAN SERVICES, LLC 5 5.45% $9,375
LOANDEPOT.COM, LLC 5 5.99% $20,729
BROKER SOLUTIONS, INC. 5 6.55% $9,052
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.55% $9,469
Gateway First Bank 5 6.33% $10,067
UNIVERSAL LENDING CORPORATION 4 5.84% $6,503
MOVEMENT MORTGAGE, LLC 4 7.06% $11,736
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.00% $14,887
JET HOMELOANS, LLC 4 5.74% $9,084
NEST HOME LENDING, LLC 4 5.62% $12,661
TOWNE MORTGAGE COMPANY 3 6.67% $5,322
AMERICAN FINANCING CORPORATION 3 5.33% $18,032
Plains Commerce Bank 3 5.83% $14,920
GUILD MORTGAGE COMPANY 3 6.50% $16,973
U.S. Bank 3 6.75% $18,421
The Federal Savings Bank 3 6.42% $22,458
INTERCAP LENDING INC. 2 6.88% $13,416
BAY EQUITY LLC 2 5.81% $8,856
CARDINAL FINANCIAL 2 6.50% $7,913
FREEDOM MORTGAGE CORPORATION 2 6.75% $23,009
GUARANTEED RATE AFFINITY, LLC 2 6.94% $2,457
HOME MORTGAGE ALLIANCE, LLC 2 5.94% $2,498
NBH Bank 2 5.44% $13,804
NEWREZ LLC 2 5.94% $4,460
PENTAGON FEDERAL CREDIT UNION 2 5.50% $3,477
HomePromise Corporation 1 5.75% $20,460
LOANPAL, LLC 1 6.63% $1,818
Flagstar Bank, FSB 1 6.25% $37,445
First National Bank of Omaha 1 7.00% $10,110
First Federal Bank of Kansas City 1 5.50% $800
Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $37,074
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.13% $18,172
FIRST COLONY MORTGAGE CORPORATION 1 6.75% $6,312
VERITAS FUNDING, LLC 1 5.99% $48,609
Ent Credit Union 1 5.50% $3,616
NEW DAY FINANCIAL, LLC 1 7.75% $6,628
VILLAGE CAPITAL MORTGAGE 1 6.50% $12,445
North American Savings Bank, F.S.B. 1 6.50% $4,430
Paramount Residential Mortgage Group, Inc. 1 5.75% $3,487
Cornerstone First Mortgage, Inc 1 7.49% $1,781
Wells Fargo Bank 1 6.38% $7,058
PHH Mortgage Corporation 1 6.63% $25,769
CHERRY CREEK MORTGAGE, LLC 1 4.75% $0
PLAZA HOME MORTGAGE, INC. 1 5.75% $4,793
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.88% $10,130
Century Mortgage Company DBA Century Lending Company 1 5.13% $7,006
RELIANCE FIRST CAPITAL, LLC 1 5.50% $13,202
Servion, Inc. 1 6.50% $15,657
SOVEREIGN LENDING GROUP INCORPORATED 1 6.13% $6,466
SUMMIT FUNDING, INC. 1 6.25% $12,345
SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $8,076
Carrington Mortgage Services, LLC 1 2.88% $2,209
CALCON MUTUAL MORTGAGE LLC 1 5.50% $15,348
Barrington Bank & Trust Company, N.A. 1 6.17% $9,082
American Mortgage & Equity Consultants, Inc. 1 6.25% $5,591
AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $800
ALLIED MORTGAGE GROUP, INC. 1 6.50% $13,548
Ixonia Bank 1 6.25% $13,719
INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 1 6.25% $42,208
LAKEVIEW LOAN SERVICING, LLC 1 6.25% $13,811

The top Fort Collins VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 56 VA loans originated. Their average total fees are $8,756, which is $1,350 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Fort Collins VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($8,756), Mortgage Research Center, LLC ($10,106), DHI MORTGAGE COMPANY, LTD. ($13,971), CORNERSTONE HOME LENDING, INC. ($14,138) and GUARANTEED RATE, INC. ($14,672).

The lowest rate Fort Collins VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.14%), QUICKEN LOANS, LLC (5.86%), CORNERSTONE HOME LENDING, INC. (5.91%), UNITED WHOLESALE MORTGAGE, LLC (6.09%) and GUARANTEED RATE, INC. (6.30%).


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 (8.9%) 1.68 860
2018-04-01 $491,200 (9.2%) $621,106 (12.2%) 1.67 905
2018-05-01 $490,966 (8.0%) $616,989 (10.4%) 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 1,262
2018-08-01 $466,475 (3.7%) $588,416 (3.0%) 1.56 1,327
2018-09-01 $465,000 (3.3%) $588,612 (3.5%) 1.56 1,349
2018-10-01 $454,496 (-0.1%) $578,446 (1.0%) 1.54 1,296
2018-11-01 $449,063 (-2.1%) $570,267 (0.5%) 1.52 1,256
2018-12-01 $439,945 (-5.4%) $563,078 (-2.4%) 1.52 1,129
2019-01-01 $439,950 (-6.4%) $555,245 (-4.0%) 1.52 1,045
2019-02-01 $441,400 (-6.8%) $553,575 (-6.7%) 1.49 1,042
2019-03-01 $447,143 (-6.7%) $563,317 (-8.1%) 1.46 1,023
2019-04-01 $451,200 (-8.1%) $571,456 (-8.0%) 1.43 1,036
2019-05-01 $452,450 (-7.8%) $573,778 (-7.0%) 1.41 1,164
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 $433,713 (-7.0%) $554,339 (-5.8%) 1.37 1,510
2019-09-01 $431,782 (-7.1%) $552,186 (-6.2%) 1.38 1,470
2019-10-01 $430,495 (-5.3%) $551,609 (-4.6%) 1.39 1,424
2019-11-01 $430,931 (-4.0%) $552,402 (-3.1%) 1.41 1,303
2019-12-01 $433,450 (-1.5%) $553,231 (-1.8%) 1.45 1,127
2020-01-01 $439,660 (-0.1%) $565,819 (1.9%) 1.47 1,009
2020-02-01 $449,900 (1.9%) $571,307 (3.2%) 1.47 965
2020-03-01 $452,225 (1.1%) $575,997 (2.3%) 1.42 974
2020-04-01 $452,000 (0.2%) $585,183 (2.4%) 1.42 1,124
2020-05-01 $460,000 (1.7%) $588,741 (2.6%) 1.40 1,288
2020-06-01 $472,114 (6.3%) $599,966 (7.5%) 1.39 1,215
2020-07-01 $469,375 (7.3%) $596,581 (6.8%) 1.36 1,149
2020-08-01 $469,900 (8.3%) $602,948 (8.8%) 1.35 1,033
2020-09-01 $464,785 (7.6%) $608,751 (10.2%) 1.33 928
2020-10-01 $474,475 (10.2%) $616,407 (11.8%) 1.36 798
2020-11-01 $473,000 (9.8%) $619,897 (12.2%) 1.38 730
2020-12-01 $474,802 (9.5%) $624,819 (12.9%) 1.41 648
2021-01-01 $478,326 (8.8%) $644,327 (13.9%) 1.43 489
2021-02-01 $494,450 (9.9%) $696,444 (21.9%) 1.44 432
2021-03-01 $516,986 (14.3%) $712,735 (23.7%) 1.47 376
2021-04-01 $499,950 (10.6%) $694,158 (18.6%) 1.35 377
2021-05-01 $545,130 (18.5%) $707,717 (20.2%) 1.45 376
2021-06-01 $533,426 (13.0%) $697,139 (16.2%) 1.40 474
2021-07-01 $549,000 (17.0%) $696,591 (16.8%) 1.45 554
2021-08-01 $544,900 (16.0%) $690,411 (14.5%) 1.45 600
2021-09-01 $544,900 (17.2%) $686,926 (12.8%) 1.45 589
2021-10-01 $554,500 (16.9%) $707,679 (14.8%) 1.48 543
2021-11-01 $563,258 (19.1%) $713,460 (15.1%) 1.51 429
2021-12-01 $510,765 (7.6%) $625,773 (0.2%) 1.38 987
2022-01-01 $604,245 (26.3%) $790,142 (22.6%) 1.63 262
2022-02-01 $598,950 (21.1%) $832,905 (19.6%) 1.56 226
2022-03-01 $611,045 (18.2%) $835,704 (17.3%) 1.53 245
2022-04-01 $600,000 (20.0%) $811,818 (17.0%) 1.43 324
2022-05-01 $624,583 (14.6%) $801,974 (13.3%) 1.43 501
2022-06-01 $627,450 (17.6%) $794,767 (14.0%) 1.40 667
2022-07-01 $636,500 (15.9%) $782,609 (12.4%) 1.43 826
2022-08-01 $636,250 (16.8%) $809,580 (17.3%) 1.47 837
2022-09-01 $621,200 (14.0%) $786,127 (14.4%) 1.45 881
2022-10-01 $611,875 (10.4%) $785,467 (11.0%) 1.44 894
2022-11-01 $585,000 (3.9%) $755,054 (5.8%) 1.41 900
2022-12-01 $584,990 (14.5%) $756,466 (20.9%) 1.44 739
2023-01-01 $587,000 (-2.9%) $765,428 (-3.1%) 1.45 627
2023-02-01 $583,906 (-2.5%) $750,127 (-9.9%) 1.41 609
2023-03-01 $603,720 (-1.2%) $774,913 (-7.3%) 1.42 610
2023-04-01 $615,495 (2.6%) $803,381 (-1.0%) 1.43 645
2023-05-01 $636,883 (2.0%) $812,710 (1.3%) 1.44 803
2023-06-01 $643,300 (2.5%) $823,565 (3.6%) 1.45 940
2023-07-01 $640,000 (0.6%) $820,271 (4.8%) 1.45 1,048
2023-08-01 $627,473 (-1.4%) $800,228 (-1.2%) 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 (4.3%) 1.46 1,091
2023-11-01 $607,500 (3.9%) $819,870 (8.6%) 1.45 1,016
2023-12-01 $600,000 (2.6%) $821,522 (8.6%) 1.46 846
2024-01-01 $616,139 (5.0%) $813,034 (6.2%) 1.50 742
2024-02-01 $618,985 (6.0%) $820,107 (9.3%) 1.49 730
2024-03-01 $655,000 (8.5%) $844,054 (8.9%) 1.54 736
2024-04-01 $649,375 (5.5%) $838,008 (4.3%) 1.51 835
2024-05-01 $657,000 (3.2%) $849,346 (4.5%) 1.48 993
Fort Collins's median listing price for 2024-05-01 was $657,000, a difference of $20,117 (3.2%) versus the prior year and $7,625 versus the prior month.

Fort Collins's median listing price comes in at 148% of the national average.

Fort Collins's average listing price for 2024-05-01 was $849,346, a difference of $36,636 (4.5%) versus the prior year and $11,338 versus the prior month.

For the 2024-05-01 period, Fort Collins had 993 MLS listings, a difference of 158 listings (19%) versus the prior month and 190 listings (24%) 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 2,786 sqft
2018-10-01 54 days 2,745 sqft
2018-11-01 57 days 2,735 sqft
2018-12-01 69 days 2,696 sqft
2019-01-01 66 days 2,608 sqft
2019-02-01 55 days 2,664 sqft
2019-03-01 48 days 2,687 sqft
2019-04-01 43 days 2,755 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 2,609 sqft
2019-09-01 53 days 2,598 sqft
2019-10-01 57 days 2,591 sqft
2019-11-01 60 days 2,595 sqft
2019-12-01 70 days 2,664 sqft
2020-01-01 75 days 2,663 sqft
2020-02-01 60 days 2,695 sqft
2020-03-01 44 days 2,701 sqft
2020-04-01 44 days 2,694 sqft
2020-05-01 46 days 2,743 sqft
2020-06-01 40 days 2,745 sqft
2020-07-01 40 days 2,730 sqft
2020-08-01 40 days 2,722 sqft
2020-09-01 44 days 2,644 sqft
2020-10-01 43 days 2,589 sqft
2020-11-01 52 days 2,520 sqft
2020-12-01 59 days 2,521 sqft
2021-01-01 73 days 2,490 sqft
2021-02-01 40 days 2,490 sqft
2021-03-01 49 days 2,537 sqft
2021-04-01 45 days 2,418 sqft
2021-05-01 33 days 2,557 sqft
2021-06-01 30 days 2,481 sqft
2021-07-01 37 days 2,501 sqft
2021-08-01 32 days 2,476 sqft
2021-09-01 36 days 2,479 sqft
2021-10-01 38 days 2,464 sqft
2021-11-01 44 days 2,498 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 2,530 sqft
2022-04-01 18 days 2,555 sqft
2022-05-01 17 days 2,524 sqft
2022-06-01 23 days 2,609 sqft
2022-07-01 27 days 2,649 sqft
2022-08-01 36 days 2,649 sqft
2022-09-01 39 days 2,571 sqft
2022-10-01 44 days 2,605 sqft
2022-11-01 45 days 2,485 sqft
2022-12-01 64 days 2,485 sqft
2023-01-01 71 days 2,470 sqft
2023-02-01 59 days 2,437 sqft
2023-03-01 47 days 2,500 sqft
2023-04-01 37 days 2,582 sqft
2023-05-01 32 days 2,590 sqft
2023-06-01 34 days 2,612 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
2023-12-01 66 days 2,459 sqft
2024-01-01 71 days 2,456 sqft
2024-02-01 53 days 2,415 sqft
2024-03-01 38 days 2,587 sqft
2024-04-01 37 days 2,562 sqft
2024-05-01 31 days 2,585 sqft
Fort Collins's median listing age (time on market) for 2024-05-01 was 31 days. This is -3% shorter than the same period one year ago.

Fort Collins's median square footage for active listings during the 2024-05-01 period was 2,585 sqft. One year prior, the average listing was 2,590 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.