Glenwood Springs VA Loan Rates, Closing Costs & Stats

Glenwood Springs, 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.

Glenwood Springs's 55 lenders originated 192 VA loans during 2021. The total origination value was $73,750,000, with an average VA loan value of $384,115.

Glenwood Springs VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Glenwood Springs averaged 6.43% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Glenwood Springs's average VA mortgage closing costs are $6,677.

The average rate for the prior week (2022-11-25) was 6.77% and one month ago for the week of 2022-10-28, the average rate was 7.06%.

The average rate one year ago was 3.54%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.54%.

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

Glenwood Springs 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 Glenwood Springs level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
BAY EQUITY LLC 20 2.71% $7,143
QUICKEN LOANS, LLC 14 2.36% $4,582
FREEDOM MORTGAGE CORPORATION 13 2.37% $2,893
LAKEVIEW LOAN SERVICING, LLC 10 2.38% $1,970
Mortgage Research Center, LLC 10 2.75% $7,473
ACADEMY MORTGAGE CORPORATION 9 2.96% $5,580
PENNYMAC LOAN SERVICES, LLC 9 2.22% $7,064
UNITED WHOLESALE MORTGAGE, LLC 6 2.41% $15,330
First Guaranty Mortgage Corporation 5 2.80% $8,282
NP, Inc. 4 2.25% $3,467
Bank of Colorado 4 2.56% $4,260
AMERICAN FINANCING CORPORATION 3 2.88% $10,494
NAVY FEDERAL CREDIT UNION 3 2.38% $8,881
GUILD MORTGAGE COMPANY 3 2.96% $15,477
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.08% $5,007
PENTAGON FEDERAL CREDIT UNION 3 2.46% $7,688
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 2.92% $19,091
USAA Federal Savings Bank 3 2.75% $11,340
VILLAGE CAPITAL MORTGAGE 3 2.08% $8,628
Wells Fargo Bank 3 2.83% $2,510
NEW DAY FINANCIAL, LLC 3 2.71% $10,488
LOANDEPOT.COM, LLC 2 2.50% $1,694
CORNERSTONE HOME LENDING, INC. 2 2.63% $5,519
NEWREZ LLC 2 2.68% $5,968
CALIBER HOME LOANS, INC. 2 2.50% $2,575
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.75% $3,215
AMERISAVE MORTGAGE CORPORATION 2 2.75% $4,409
TJC Mortgage, Inc. 1 2.25% $4,528
Zions Bancorporation, N.A. 1 2.25% $6,839
ACCELERATE MORTGAGE, LLC 1 2.25% $7,629
Barrington Bank & Trust Company, N.A. 1 2.75% $6,377
BROKER SOLUTIONS, INC. 1 2.25% $3,941
Carrington Mortgage Services, LLC 1 2.75% $5,685
CHERRY CREEK MORTGAGE, LLC 1 3.13% $14,118
CHURCHILL MORTGAGE CORPORATION 1 2.25% $9,472
CLEARPATH LENDING 1 2.25% $3,265
DAS Acquisition Company, LLC 1 2.75% $5,385
DRAPER AND KRAMER MORTGAGE CORP. 1 2.38% $1,775
FLAT BRANCH MORTGAGE, INC. 1 3.88% $6,819
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $2,763
HOME POINT FINANCIAL CORPORATION 1 2.25% $4,804
HOMESIDE FINANCIAL, LLC 1 3.25% $28,773
IDEAL HOME LOANS LLC 1 2.25% $7,379
InterContinental Capital Group, Inc 1 2.25% $2,294
Low VA Rates, LLC 1 2.25% $10,368
Midwest Mortgage Associates Corporation 1 2.75% $5,055
MOVEMENT MORTGAGE, LLC 1 3.13% $1,701
Mr. Cooper ( Nationstar Mortgage ) 1 2.88% $1,821
Northpointe Bank 1 2.38% $2,765
Plains Commerce Bank 1 2.63% $6,629
PLAZA HOME MORTGAGE, INC. 1 2.63% $5,105
Prime Choice Funding Inc. 1 2.63% $5,256
STEARNS LENDING, LLC 1 2.25% $3,334
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $5,779
The Federal Savings Bank 1 2.75% $1,322

The top Glenwood Springs VA lender as defined by loan originations is BAY EQUITY LLC, with 20 VA loans originated. Their average total fees are $7,143, which is $2,561 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Glenwood Springs VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($1,970), FREEDOM MORTGAGE CORPORATION ($2,893), QUICKEN LOANS, LLC ($4,582), BAY EQUITY LLC ($7,143) and Mortgage Research Center, LLC ($7,473).

The lowest rate Glenwood Springs VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.36%), FREEDOM MORTGAGE CORPORATION (2.37%), LAKEVIEW LOAN SERVICING, LLC (2.38%), BAY EQUITY LLC (2.71%) and Mortgage Research Center, LLC (2.75%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Glenwood Springs (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 $1,050,000 (18.0%) $3,822,319 (21.8%) 0.00 879
2018-02-01 $1,022,500 (8.7%) $3,804,161 (18.2%) 0.00 930
2018-03-01 $995,000 (10.3%) $3,647,408 (17.1%) 0.00 958
2018-04-01 $944,000 (11.7%) $3,440,990 (16.6%) 0.00 952
2018-05-01 $824,500 (5.4%) $3,088,692 (9.3%) 0.00 953
2018-06-01 $867,000 (5.5%) $3,281,174 (14.0%) 0.00 1,079
2018-07-01 $899,000 (1.6%) $3,390,937 (10.4%) 0.00 1,181
2018-08-01 $947,000 (5.4%) $3,485,452 (10.0%) 0.00 1,182
2018-09-01 $950,000 (6.2%) $3,567,323 (12.7%) 0.00 1,124
2018-10-01 $934,500 (5.6%) $3,555,470 (9.4%) 0.00 1,051
2018-11-01 $860,500 (-3.2%) $3,452,135 (2.0%) 0.00 1,013
2018-12-01 $989,000 (4.1%) $3,569,917 (-3.3%) 0.00 991
2019-01-01 $1,028,500 (-2.1%) $3,702,747 (-3.1%) 0.00 1,024
2019-02-01 $1,056,250 (3.3%) $3,683,095 (-3.2%) 0.00 1,049
2019-03-01 $1,040,714 (4.6%) $3,672,609 (0.7%) 0.00 1,008
2019-04-01 $995,000 (5.4%) $3,620,096 (5.2%) 0.00 957
2019-05-01 $920,750 (11.7%) $3,468,000 (12.3%) 0.00 945
2019-06-01 $914,500 (5.5%) $3,473,932 (5.9%) 0.00 999
2019-07-01 $952,000 (5.9%) $3,605,935 (6.3%) 0.00 1,067
2019-08-01 $956,818 (1.0%) $3,632,543 (4.2%) 0.00 1,062
2019-09-01 $967,045 (1.8%) $3,674,121 (3.0%) 0.00 1,035
2019-10-01 $976,250 (4.5%) $3,696,804 (4.0%) 0.00 1,004
2019-11-01 $995,000 (15.6%) $3,627,202 (5.1%) 0.00 899
2019-12-01 $1,002,500 (1.4%) $3,646,803 (2.2%) 0.00 941
2020-01-01 $969,000 (-5.8%) $3,572,499 (-3.5%) 0.00 978
2020-02-01 $921,661 (-12.7%) $3,485,253 (-5.4%) 0.00 1,017
2020-03-01 $897,000 (-13.8%) $3,350,760 (-8.8%) 0.00 1,039
2020-04-01 $819,500 (-17.6%) $3,093,535 (-14.6%) 0.00 965
2020-05-01 $736,000 (-20.1%) $2,928,027 (-15.6%) 0.00 973
2020-06-01 $716,250 (-21.7%) $2,949,717 (-15.1%) 0.00 1,065
2020-07-01 $792,500 (-16.8%) $3,224,455 (-10.6%) 0.00 1,147
2020-08-01 $900,000 (-5.9%) $3,606,129 (-0.7%) 0.00 1,188
2020-09-01 $949,000 (-1.9%) $3,687,518 (0.4%) 0.00 1,130
2020-10-01 $899,000 (-7.9%) $3,568,826 (-3.5%) 0.00 1,060
2020-11-01 $815,000 (-18.1%) $3,262,282 (-10.1%) 0.00 959
2020-12-01 $817,250 (-18.5%) $3,254,075 (-10.8%) 0.00 896
2021-01-01 $843,250 (-13.0%) $3,448,110 (-3.5%) 0.00 825
2021-02-01 $851,750 (-7.6%) $3,377,140 (-3.1%) 0.00 841
2021-03-01 $872,000 (-2.8%) $3,419,863 (2.1%) 0.00 851
2021-04-01 $875,000 (6.8%) $3,419,797 (10.6%) 0.00 811
2021-05-01 $843,250 (14.6%) $3,220,433 (10.0%) 0.00 773
2021-06-01 $885,000 (23.6%) $3,330,418 (12.9%) 0.00 803
2021-07-01 $925,000 (16.7%) $3,552,354 (10.2%) 0.00 883
2021-08-01 $937,168 (4.1%) $3,566,006 (-1.1%) 0.00 871
2021-09-01 $957,500 (0.9%) $3,649,618 (-1.0%) 0.00 818
2021-10-01 $944,000 (5.0%) $3,662,478 (2.6%) 0.00 735
2021-11-01 $947,223 (16.2%) $3,617,965 (10.9%) 0.00 622
2021-12-01 $936,473 (14.6%) $3,650,702 (12.2%) 0.00 555
2022-01-01 $987,500 (17.1%) $3,637,186 (5.5%) 0.00 476
2022-02-01 $995,000 (16.8%) $3,652,338 (8.2%) 0.00 495
2022-03-01 $1,053,750 (20.8%) $3,576,688 (4.6%) 0.00 517
2022-04-01 $1,200,000 (37.1%) $3,572,067 (4.5%) 0.00 537
2022-05-01 $1,100,000 (30.5%) $3,337,755 (3.6%) 0.00 593
2022-06-01 $1,205,500 (36.2%) $3,443,168 (3.4%) 0.00 650
2022-07-01 $1,349,000 (45.8%) $4,143,685 (16.7%) 0.00 761
2022-08-01 $1,390,000 (48.3%) $4,332,647 (21.5%) 0.00 805
2022-09-01 $1,410,000 (47.3%) $4,282,672 (17.4%) 0.00 787
2022-10-01 $1,500,000 (58.9%) $4,376,472 (19.5%) 0.00 724
2022-11-01 $1,481,250 (56.4%) $4,081,460 (12.8%) 0.00 634
Glenwood Springs's median listing price for 2022-11-01 was $1,481,250, a difference of $534,027 (56.4%) versus the prior year and $-18,750 versus the prior month.

Glenwood Springs's median listing price comes in at 0% of the national average.

Glenwood Springs's average listing price for 2022-11-01 was $4,081,460, a difference of $463,495 (12.8%) versus the prior year and $-295,012 versus the prior month.

For the 2022-11-01 period, Glenwood Springs had 634 MLS listings, a difference of -90 listings (-12%) versus the prior month and 12 listings (2%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Glenwood Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,575 sqft
2018-02-01 0 days 2,418 sqft
2018-03-01 0 days 2,293 sqft
2018-04-01 0 days 2,256 sqft
2018-05-01 0 days 2,237 sqft
2018-06-01 0 days 2,293 sqft
2018-07-01 0 days 2,291 sqft
2018-08-01 0 days 2,349 sqft
2018-09-01 0 days 2,377 sqft
2018-10-01 0 days 2,400 sqft
2018-11-01 0 days 2,346 sqft
2018-12-01 0 days 2,375 sqft
2019-01-01 0 days 2,352 sqft
2019-02-01 0 days 2,353 sqft
2019-03-01 0 days 2,330 sqft
2019-04-01 0 days 2,320 sqft
2019-05-01 0 days 2,346 sqft
2019-06-01 0 days 2,350 sqft
2019-07-01 0 days 2,382 sqft
2019-08-01 0 days 2,411 sqft
2019-09-01 0 days 2,411 sqft
2019-10-01 0 days 2,408 sqft
2019-11-01 0 days 2,613 sqft
2019-12-01 0 days 2,460 sqft
2020-01-01 0 days 2,306 sqft
2020-02-01 0 days 2,276 sqft
2020-03-01 0 days 2,216 sqft
2020-04-01 0 days 2,093 sqft
2020-05-01 0 days 1,999 sqft
2020-06-01 0 days 1,995 sqft
2020-07-01 0 days 2,017 sqft
2020-08-01 0 days 2,092 sqft
2020-09-01 0 days 2,078 sqft
2020-10-01 0 days 2,004 sqft
2020-11-01 0 days 1,962 sqft
2020-12-01 0 days 1,935 sqft
2021-01-01 0 days 1,932 sqft
2021-02-01 0 days 1,962 sqft
2021-03-01 0 days 1,922 sqft
2021-04-01 0 days 1,869 sqft
2021-05-01 0 days 1,854 sqft
2021-06-01 0 days 1,923 sqft
2021-07-01 0 days 1,933 sqft
2021-08-01 0 days 1,926 sqft
2021-09-01 0 days 1,927 sqft
2021-10-01 0 days 1,929 sqft
2021-11-01 0 days 1,931 sqft
2021-12-01 0 days 1,944 sqft
2022-01-01 0 days 1,916 sqft
2022-02-01 0 days 1,897 sqft
2022-03-01 0 days 1,935 sqft
2022-04-01 0 days 1,992 sqft
2022-05-01 0 days 1,988 sqft
2022-06-01 0 days 1,979 sqft
2022-07-01 0 days 2,017 sqft
2022-08-01 0 days 2,054 sqft
2022-09-01 0 days 2,045 sqft
2022-10-01 0 days 2,052 sqft
2022-11-01 0 days 1,964 sqft
Glenwood Springs's median listing age (time on market) for 2022-11-01 was 0 days.

Glenwood Springs's median square footage for active listings during the 2022-11-01 period was 1,964 sqft. One year prior, the average listing was 1,931 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.