Glenwood Springs VA Loan Rates, Closing Costs & Stats

Glenwood Springs, 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.

    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.