Fort Morgan VA Loan Rates, Closing Costs & Stats

Fort Morgan, 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 Morgan's 22 lenders originated 40 VA loans during 2023. The total origination value was $14,010,000, with an average VA loan value of $350,250.

Fort Morgan VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Fort Morgan averaged 6.43% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

Fort Morgan's average VA mortgage closing costs are $6,299.

The average rate for the prior week (2024-07-12) was 6.47% and one month ago for the week of 2024-06-14, the average rate was 6.83%.

The average rate one year ago was 7.01%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.5%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Fort Morgan 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 Morgan level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 9 6.22% $7,807
Mortgage Research Center, LLC 5 7.00% $11,490
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.83% $7,777
The Federal Savings Bank 2 5.69% $14,236
AMERICAN FINANCING CORPORATION 2 7.25% $16,705
USAA Federal Savings Bank 2 5.75% $3,792
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $1,142
Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $6,398
NAVY FEDERAL CREDIT UNION 1 5.50% $6,009
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $5,509
ON Q FINANCIAL, INC. 1 5.25% $3,327
Paramount Residential Mortgage Group, Inc. 1 6.63% $28,511
PLAZA HOME MORTGAGE, INC. 1 5.75% $3,917
QUICKEN LOANS, LLC 1 6.88% $5,512
The Loan Store, Inc. 1 6.25% $18,046
UNIVERSAL LENDING CORPORATION 1 7.38% $6,823
NEW DAY FINANCIAL, LLC 1 7.00% $22,961
CENTENNIAL LENDING, LLC 1 7.25% $5,509
CROSSCOUNTRY MORTGAGE, LLC 1 7.44% $13,117
FIRST COMMUNITY MORTGAGE, INC. 1 7.25% $10,668
First Savings Bank 1 7.25% $10,668
Keystone Funding, Inc. 1 6.13% $8,013

The top Fort Morgan VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 9 VA loans originated. Their average total fees are $7,807, which is $3,682 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Fort Morgan VA lenders (with over 10 loans originated) are .

The lowest rate Fort Morgan VA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fort Morgan (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 $290,000 (16.1%) $283,280 (9.9%) 0.00 103
2018-02-01 $290,000 (14.7%) $291,054 (11.5%) 0.00 96
2018-03-01 $290,000 (9.4%) $300,993 (10.9%) 0.00 86
2018-04-01 $290,000 (5.5%) $309,696 (11.7%) 0.00 80
2018-05-01 $290,000 (5.5%) $306,124 (9.7%) 0.00 91
2018-06-01 $290,000 (5.5%) $298,566 (4.8%) 0.00 99
2018-07-01 $290,000 (5.5%) $300,978 (4.7%) 0.00 93
2018-08-01 $290,000 (5.5%) $303,680 (4.3%) 0.00 103
2018-09-01 $290,000 (5.5%) $307,930 (11.4%) 0.00 119
2018-10-01 $294,625 (7.1%) $300,498 (7.4%) 0.00 113
2018-11-01 $299,000 (8.7%) $309,788 (10.2%) 0.00 105
2018-12-01 $299,000 (3.1%) $302,843 (4.2%) 0.00 97
2019-01-01 $299,000 (3.1%) $302,892 (6.9%) 0.00 91
2019-02-01 $299,000 (3.1%) $309,704 (6.4%) 0.00 84
2019-03-01 $299,000 (3.1%) $308,934 (2.6%) 0.00 88
2019-04-01 $299,000 (3.1%) $308,755 (-0.3%) 0.00 105
2019-05-01 $299,000 (3.1%) $314,851 (2.9%) 0.00 111
2019-06-01 $299,000 (3.1%) $319,525 (7.0%) 0.00 119
2019-07-01 $299,119 (3.1%) $335,406 (11.4%) 0.00 127
2019-08-01 $300,764 (3.7%) $339,439 (11.8%) 0.00 131
2019-09-01 $304,553 (5.0%) $336,769 (9.4%) 0.00 130
2019-10-01 $311,250 (5.6%) $343,405 (14.3%) 0.00 126
2019-11-01 $304,900 (2.0%) $340,490 (9.9%) 0.00 107
2019-12-01 $299,900 (0.3%) $334,439 (10.4%) 0.00 98
2020-01-01 $300,825 (0.6%) $338,199 (11.7%) 0.00 98
2020-02-01 $308,000 (3.0%) $339,466 (9.6%) 0.00 90
2020-03-01 $299,675 (0.2%) $347,557 (12.5%) 0.00 91
2020-04-01 $308,625 (3.2%) $354,382 (14.8%) 0.00 90
2020-05-01 $307,500 (2.8%) $336,047 (6.7%) 0.00 90
2020-06-01 $321,225 (7.4%) $348,957 (9.2%) 0.00 78
2020-07-01 $314,688 (5.2%) $343,714 (2.5%) 0.00 74
2020-08-01 $298,000 (-0.9%) $335,069 (-1.3%) 0.00 60
2020-09-01 $295,950 (-2.8%) $336,827 (0.0%) 0.00 55
2020-10-01 $305,000 (-2.0%) $345,120 (0.5%) 0.00 52
2020-11-01 $303,625 (-0.4%) $323,407 (-5.0%) 0.00 54
2020-12-01 $279,838 (-6.7%) $310,649 (-7.1%) 0.00 48
2021-01-01 $264,400 (-12.1%) $313,476 (-7.3%) 0.00 37
2021-02-01 $305,000 (-1.0%) $347,836 (2.5%) 0.00 31
2021-03-01 $293,718 (-2.0%) $318,188 (-8.5%) 0.00 27
2021-04-01 $316,250 (2.5%) $373,456 (5.4%) 0.00 28
2021-05-01 $334,500 (8.8%) $412,860 (22.9%) 0.00 27
2021-06-01 $368,475 (14.7%) $415,581 (19.1%) 0.00 34
2021-07-01 $376,450 (19.6%) $416,307 (21.1%) 0.00 31
2021-08-01 $368,500 (23.7%) $408,465 (21.9%) 0.00 35
2021-09-01 $362,500 (22.5%) $387,141 (14.9%) 0.00 40
2021-10-01 $325,000 (6.6%) $352,465 (2.1%) 0.00 45
2021-11-01 $325,000 (7.0%) $356,367 (10.2%) 0.00 44
2021-12-01 $322,500 (15.3%) $360,107 (15.9%) 0.00 91
2022-01-01 $314,950 (19.1%) $334,104 (6.6%) 0.00 52
2022-02-01 $322,475 (5.7%) $360,566 (3.7%) 0.00 40
2022-03-01 $325,000 (10.7%) $361,986 (13.8%) 0.00 37
2022-04-01 $385,000 (21.7%) $406,043 (8.7%) 0.00 42
2022-05-01 $448,250 (34.0%) $461,279 (11.7%) 0.00 57
2022-06-01 $447,750 (21.5%) $467,005 (12.4%) 0.00 66
2022-07-01 $453,271 (20.4%) $506,794 (21.7%) 0.00 82
2022-08-01 $455,000 (23.5%) $512,481 (25.5%) 0.00 96
2022-09-01 $439,000 (21.1%) $497,361 (28.5%) 0.00 105
2022-10-01 $425,000 (30.8%) $477,933 (35.6%) 0.00 96
2022-11-01 $412,750 (27.0%) $499,383 (40.1%) 0.00 97
2022-12-01 $400,000 (24.0%) $533,308 (48.1%) 0.00 92
2023-01-01 $368,000 (16.8%) $499,341 (49.5%) 0.00 80
2023-02-01 $395,750 (22.7%) $499,526 (38.5%) 0.00 75
2023-03-01 $392,500 (20.8%) $508,613 (40.5%) 0.00 75
2023-04-01 $375,000 (-2.6%) $515,745 (27.0%) 0.00 77
2023-05-01 $408,500 (-8.9%) $534,298 (15.8%) 0.00 85
2023-06-01 $416,250 (-7.0%) $524,831 (12.4%) 0.00 83
2023-07-01 $440,000 (-2.9%) $528,212 (4.2%) 0.00 82
2023-08-01 $406,250 (-10.7%) $498,820 (-2.7%) 0.00 93
2023-09-01 $399,000 (-9.1%) $518,723 (4.3%) 0.00 88
2023-10-01 $392,500 (-7.7%) $509,707 (6.7%) 0.00 87
2023-11-01 $387,950 (-6.0%) $463,816 (-7.1%) 0.00 86
2023-12-01 $375,000 (-6.3%) $441,213 (-17.3%) 0.00 89
2024-01-01 $368,250 (0.1%) $435,627 (-12.8%) 0.00 77
2024-02-01 $362,475 (-8.4%) $427,019 (-14.5%) 0.00 71
2024-03-01 $362,000 (-7.8%) $418,637 (-17.7%) 0.00 71
2024-04-01 $381,000 (1.6%) $446,032 (-13.5%) 0.00 85
2024-05-01 $378,000 (-7.5%) $432,289 (-19.1%) 0.00 85
2024-06-01 $377,500 (-9.3%) $429,283 (-18.2%) 0.00 90
Fort Morgan's median listing price for 2024-06-01 was $377,500, a difference of $-38,750 (-9.3%) versus the prior year and $-500 versus the prior month.

Fort Morgan's median listing price comes in at 0% of the national average.

Fort Morgan's average listing price for 2024-06-01 was $429,283, a difference of $-95,548 (-18.2%) versus the prior year and $-3,006 versus the prior month.

For the 2024-06-01 period, Fort Morgan had 90 MLS listings, a difference of 5 listings (6%) versus the prior month and 7 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fort Morgan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,915 sqft
2018-02-01 0 days 1,898 sqft
2018-03-01 0 days 2,012 sqft
2018-04-01 0 days 2,226 sqft
2018-05-01 0 days 2,233 sqft
2018-06-01 0 days 2,080 sqft
2018-07-01 0 days 2,126 sqft
2018-08-01 0 days 2,175 sqft
2018-09-01 0 days 2,184 sqft
2018-10-01 0 days 2,087 sqft
2018-11-01 0 days 2,176 sqft
2018-12-01 0 days 2,275 sqft
2019-01-01 0 days 2,184 sqft
2019-02-01 0 days 2,171 sqft
2019-03-01 0 days 2,191 sqft
2019-04-01 0 days 2,207 sqft
2019-05-01 0 days 2,217 sqft
2019-06-01 0 days 2,311 sqft
2019-07-01 0 days 2,351 sqft
2019-08-01 0 days 2,363 sqft
2019-09-01 0 days 2,369 sqft
2019-10-01 0 days 2,417 sqft
2019-11-01 0 days 2,404 sqft
2019-12-01 0 days 2,422 sqft
2020-01-01 0 days 2,411 sqft
2020-02-01 0 days 2,466 sqft
2020-03-01 0 days 2,480 sqft
2020-04-01 0 days 2,491 sqft
2020-05-01 0 days 2,336 sqft
2020-06-01 0 days 2,480 sqft
2020-07-01 0 days 2,275 sqft
2020-08-01 0 days 2,180 sqft
2020-09-01 0 days 2,210 sqft
2020-10-01 0 days 2,369 sqft
2020-11-01 0 days 2,223 sqft
2020-12-01 0 days 2,110 sqft
2021-01-01 0 days 2,315 sqft
2021-02-01 0 days 2,075 sqft
2021-03-01 0 days 2,112 sqft
2021-04-01 0 days 2,246 sqft
2021-05-01 0 days 2,235 sqft
2021-06-01 0 days 2,181 sqft
2021-07-01 0 days 2,335 sqft
2021-08-01 0 days 2,227 sqft
2021-09-01 0 days 2,127 sqft
2021-10-01 0 days 1,981 sqft
2021-11-01 0 days 2,027 sqft
2021-12-01 0 days 2,030 sqft
2022-01-01 0 days 2,020 sqft
2022-02-01 0 days 2,020 sqft
2022-03-01 0 days 2,099 sqft
2022-04-01 0 days 2,264 sqft
2022-05-01 0 days 2,772 sqft
2022-06-01 0 days 2,795 sqft
2022-07-01 0 days 2,754 sqft
2022-08-01 0 days 2,770 sqft
2022-09-01 0 days 2,491 sqft
2022-10-01 0 days 2,300 sqft
2022-11-01 0 days 2,300 sqft
2022-12-01 0 days 2,280 sqft
2023-01-01 0 days 2,086 sqft
2023-02-01 0 days 2,233 sqft
2023-03-01 0 days 2,176 sqft
2023-04-01 0 days 2,104 sqft
2023-05-01 0 days 2,252 sqft
2023-06-01 0 days 2,449 sqft
2023-07-01 0 days 2,478 sqft
2023-08-01 0 days 2,465 sqft
2023-09-01 0 days 2,375 sqft
2023-10-01 0 days 2,444 sqft
2023-11-01 0 days 2,446 sqft
2023-12-01 0 days 2,402 sqft
2024-01-01 0 days 2,294 sqft
2024-02-01 0 days 2,376 sqft
2024-03-01 0 days 1,936 sqft
2024-04-01 0 days 2,224 sqft
2024-05-01 0 days 2,249 sqft
2024-06-01 0 days 2,375 sqft
Fort Morgan's median listing age (time on market) for 2024-06-01 was 0 days.

Fort Morgan's median square footage for active listings during the 2024-06-01 period was 2,375 sqft. One year prior, the average listing was 2,449 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.