Grand Junction VA Loan Rates, Closing Costs & Stats

GRAND JUNCTION, CO

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Grand Junction's 54 lenders originated 257 VA loans during 2023. The total origination value was $91,705,000, with an average VA loan value of $356,829.

    Grand Junction VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Grand Junction averaged 6.79% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Grand Junction's average VA mortgage closing costs are $5,867.

    The average rate for the prior week (2024-04-12) was 6.63% and one month ago for the week of 2024-03-15, the average rate was 6.59%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.93%.

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

    Grand Junction 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 Grand Junction level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 38 6.64% $9,412
    Mortgage Research Center, LLC 26 6.73% $5,454
    ACADEMY MORTGAGE CORPORATION 22 6.16% $5,757
    UNITED WHOLESALE MORTGAGE, LLC 17 6.18% $8,940
    QUICKEN LOANS, LLC 11 6.09% $9,058
    GUILD MORTGAGE COMPANY 9 6.47% $10,603
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.73% $7,774
    MORTGAGE SOLUTIONS OF COLORADO, LLC 7 6.66% $9,559
    Northpointe Bank 7 6.18% $7,341
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.59% $4,019
    USAA Federal Savings Bank 6 6.52% $6,841
    NAVY FEDERAL CREDIT UNION 6 5.92% $4,846
    BROKER SOLUTIONS, INC. 6 6.46% $7,503
    PLAZA HOME MORTGAGE, INC. 5 6.08% $10,498
    CORNERSTONE HOME LENDING, INC. 4 6.72% $9,955
    LOANDEPOT.COM, LLC 4 5.87% $7,182
    VILLAGE CAPITAL MORTGAGE 3 5.75% $13,253
    NEW DAY FINANCIAL, LLC 3 7.83% $16,333
    CARDINAL FINANCIAL 2 6.94% $20,973
    CMG MORTGAGE, INC. 2 6.38% $16,616
    CROSSCOUNTRY MORTGAGE, LLC 2 6.94% $7,502
    Equity Prime Mortgage LLC 2 6.94% $16,931
    AMCAP MORTGAGE, LTD. 2 6.50% $12,192
    PENNYMAC LOAN SERVICES, LLC 2 5.50% $8,589
    Alpine Bank 2 5.94% $3,152
    NEWREZ LLC 2 7.00% $12,406
    GERSHMAN INVESTMENT CORP. 2 5.44% $9,556
    Barrington Bank & Trust Company, N.A. 2 5.70% $5,953
    HOMESTAR FINANCIAL CORPORATION 2 6.50% $6,161
    FREEDOM MORTGAGE CORPORATION 2 6.50% $15,339
    Ixonia Bank 2 6.50% $7,500
    Wells Fargo Bank 1 6.25% $1,427
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $22,582
    Bank of Colorado 1 5.63% $5,244
    First Federal Bank 1 6.13% $13,303
    Gateway First Bank 1 8.13% $15,099
    GENEVA FINANCIAL, LLC 1 7.63% $12,003
    GUARANTEED RATE AFFINITY, LLC 1 7.25% $4,677
    INTERCAP LENDING INC. 1 6.88% $5,173
    KELLER MORTGAGE, LLC 1 5.75% $3,343
    LEADERONE FINANCIAL CORPORATION 1 5.88% $10,726
    LOANPAL, LLC 1 5.25% $13,109
    Magnolia Bank 1 5.63% $16,674
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.13% $8,540
    MEMBER FIRST MORTGAGE, LLC 1 5.00% $8,520
    MOUNTAIN AMERICA 1 6.25% $8,030
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $4,205
    Plains Commerce Bank 1 6.63% $3,075
    PLANET HOME LENDING, LLC 1 5.50% $19,548
    S1L, Inc. 1 6.13% $3,405
    SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $7,671
    The Federal Savings Bank 1 6.13% $13,562
    Towne Bank 1 6.25% $9,439
    Town Square Mortgage & Investments, Inc. 1 6.25% $1,075

    The top Grand Junction VA lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 38 VA loans originated. Their average total fees are $9,412, which is $3,958 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Grand Junction VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,454), ACADEMY MORTGAGE CORPORATION ($5,757), UNITED WHOLESALE MORTGAGE, LLC ($8,940), QUICKEN LOANS, LLC ($9,058) and ARK-LA-TEX FINANCIAL SERVICES, LLC. ($9,412).

    The lowest rate Grand Junction VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.09%), ACADEMY MORTGAGE CORPORATION (6.16%), UNITED WHOLESALE MORTGAGE, LLC (6.18%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.64%) and Mortgage Research Center, LLC (6.73%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Grand Junction (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 $277,197 (11.5%) $575,995 (75.0%) 1.03 691
    2018-02-01 $275,000 (10.6%) $586,449 (77.3%) 1.00 685
    2018-03-01 $282,000 (12.9%) $571,703 (71.0%) 0.99 744
    2018-04-01 $284,725 (10.4%) $562,343 (59.4%) 0.97 803
    2018-05-01 $288,075 (8.0%) $551,350 (55.0%) 0.96 843
    2018-06-01 $295,250 (8.4%) $549,688 (7.6%) 0.98 901
    2018-07-01 $291,510 (6.0%) $536,094 (4.6%) 0.97 957
    2018-08-01 $284,950 (6.5%) $524,154 (-6.5%) 0.95 982
    2018-09-01 $295,000 (9.3%) $536,326 (3.8%) 0.99 974
    2018-10-01 $299,950 (10.5%) $540,892 (4.6%) 1.02 974
    2018-11-01 $320,000 (16.4%) $602,435 (14.1%) 1.08 790
    2018-12-01 $324,500 (17.6%) $424,246 (-22.0%) 1.12 727
    2019-01-01 $317,225 (14.4%) $428,311 (-25.6%) 1.10 665
    2019-02-01 $324,950 (18.2%) $431,605 (-26.4%) 1.10 665
    2019-03-01 $336,857 (19.5%) $435,952 (-23.8%) 1.10 651
    2019-04-01 $344,725 (21.1%) $441,566 (-21.5%) 1.09 670
    2019-05-01 $352,450 (22.4%) $632,328 (14.7%) 1.10 725
    2019-06-01 $347,825 (17.8%) $777,399 (41.4%) 1.09 817
    2019-07-01 $350,000 (20.1%) $781,171 (45.7%) 1.10 831
    2019-08-01 $351,909 (23.5%) $778,656 (48.6%) 1.11 827
    2019-09-01 $354,773 (20.3%) $784,184 (46.2%) 1.14 815
    2019-10-01 $357,600 (19.2%) $793,395 (46.7%) 1.15 803
    2019-11-01 $359,900 (12.5%) $816,447 (35.5%) 1.18 751
    2019-12-01 $357,450 (10.2%) $850,698 (100.5%) 1.19 682
    2020-01-01 $364,675 (15.0%) $477,288 (11.4%) 1.22 604
    2020-02-01 $376,500 (15.9%) $803,936 (86.3%) 1.23 563
    2020-03-01 $391,225 (16.1%) $492,585 (13.0%) 1.23 570
    2020-04-01 $389,000 (12.8%) $480,887 (8.9%) 1.22 603
    2020-05-01 $399,514 (13.4%) $488,036 (-22.8%) 1.21 600
    2020-06-01 $414,200 (19.1%) $516,267 (-33.6%) 1.22 545
    2020-07-01 $424,925 (21.4%) $530,705 (-32.1%) 1.23 501
    2020-08-01 $400,000 (13.7%) $530,344 (-31.9%) 1.15 452
    2020-09-01 $391,925 (10.5%) $519,023 (-33.8%) 1.12 420
    2020-10-01 $397,500 (11.2%) $530,928 (-33.1%) 1.14 413
    2020-11-01 $410,975 (14.2%) $559,423 (-31.5%) 1.20 389
    2020-12-01 $396,175 (10.8%) $568,000 (-33.2%) 1.18 360
    2021-01-01 $415,000 (13.8%) $599,172 (25.5%) 1.24 266
    2021-02-01 $459,950 (22.2%) $661,791 (-17.7%) 1.34 230
    2021-03-01 $483,559 (23.6%) $647,809 (31.5%) 1.37 214
    2021-04-01 $467,450 (20.2%) $668,201 (39.0%) 1.27 180
    2021-05-01 $472,564 (18.3%) $659,670 (35.2%) 1.26 217
    2021-06-01 $472,553 (14.1%) $641,255 (24.2%) 1.24 266
    2021-07-01 $449,998 (5.9%) $615,353 (16.0%) 1.19 325
    2021-08-01 $429,950 (7.5%) $582,561 (9.9%) 1.15 385
    2021-09-01 $424,500 (8.3%) $561,139 (8.1%) 1.13 447
    2021-10-01 $427,500 (7.6%) $551,682 (3.9%) 1.14 442
    2021-11-01 $433,125 (5.4%) $564,210 (0.9%) 1.16 366
    2021-12-01 $449,450 (13.5%) $578,327 (1.8%) 1.22 292
    2022-01-01 $485,000 (16.9%) $618,022 (3.2%) 1.31 222
    2022-02-01 $450,176 (-2.1%) $598,409 (-9.6%) 1.17 203
    2022-03-01 $522,500 (8.1%) $642,526 (-0.8%) 1.31 231
    2022-04-01 $498,500 (6.6%) $628,544 (-5.9%) 1.19 256
    2022-05-01 $475,000 (0.5%) $600,768 (-8.9%) 1.09 353
    2022-06-01 $477,250 (1.0%) $609,842 (-4.9%) 1.06 396
    2022-07-01 $468,000 (4.0%) $597,907 (-2.8%) 1.05 488
    2022-08-01 $482,000 (12.1%) $614,249 (5.4%) 1.11 545
    2022-09-01 $480,457 (13.2%) $611,839 (9.0%) 1.12 562
    2022-10-01 $471,250 (10.2%) $596,396 (8.1%) 1.11 597
    2022-11-01 $467,599 (8.0%) $591,843 (4.9%) 1.12 582
    2022-12-01 $475,000 (5.7%) $599,230 (3.6%) 1.17 526
    2023-01-01 $490,000 (1.0%) $602,498 (-2.5%) 1.21 488
    2023-02-01 $486,500 (8.1%) $608,017 (1.6%) 1.17 465
    2023-03-01 $509,107 (-2.6%) $634,457 (-1.3%) 1.20 436
    2023-04-01 $525,000 (5.3%) $658,670 (4.8%) 1.22 403
    2023-05-01 $531,975 (12.0%) $680,948 (13.4%) 1.21 389
    2023-06-01 $519,425 (8.8%) $670,366 (9.9%) 1.17 411
    2023-07-01 $529,000 (13.0%) $661,244 (10.6%) 1.20 427
    2023-08-01 $524,100 (8.7%) $640,276 (4.2%) 1.20 465
    2023-09-01 $539,900 (12.4%) $653,140 (6.8%) 1.26 482
    2023-10-01 $519,975 (10.3%) $639,572 (7.2%) 1.22 513
    2023-11-01 $499,000 (6.7%) $627,104 (6.0%) 1.19 509
    2023-12-01 $494,750 (4.2%) $635,757 (6.1%) 1.21 463
    2024-01-01 $496,450 (1.3%) $642,910 (6.7%) 1.21 436
    2024-02-01 $505,482 (3.9%) $644,364 (6.0%) 1.22 423
    2024-03-01 $518,000 (1.8%) $650,335 (2.5%) 1.22 416
    Grand Junction's median listing price for 2024-03-01 was $518,000, a difference of $8,893 (1.8%) versus the prior year and $12,518 versus the prior month.

    Grand Junction's median listing price comes in at 122% of the national average.

    Grand Junction's average listing price for 2024-03-01 was $650,335, a difference of $15,878 (2.5%) versus the prior year and $5,971 versus the prior month.

    For the 2024-03-01 period, Grand Junction had 416 MLS listings, a difference of -7 listings (-2%) versus the prior month and -20 listings (-5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Grand Junction (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 73 days 1,762 sqft
    2018-02-01 62 days 1,792 sqft
    2018-03-01 46 days 1,792 sqft
    2018-04-01 40 days 1,793 sqft
    2018-05-01 40 days 1,797 sqft
    2018-06-01 40 days 1,820 sqft
    2018-07-01 43 days 1,811 sqft
    2018-08-01 47 days 1,792 sqft
    2018-09-01 53 days 1,817 sqft
    2018-10-01 57 days 1,819 sqft
    2018-11-01 60 days 1,949 sqft
    2018-12-01 67 days 1,944 sqft
    2019-01-01 75 days 1,887 sqft
    2019-02-01 69 days 1,945 sqft
    2019-03-01 57 days 1,943 sqft
    2019-04-01 46 days 1,939 sqft
    2019-05-01 43 days 1,983 sqft
    2019-06-01 43 days 1,985 sqft
    2019-07-01 52 days 2,001 sqft
    2019-08-01 54 days 1,980 sqft
    2019-09-01 57 days 1,962 sqft
    2019-10-01 59 days 1,947 sqft
    2019-11-01 64 days 1,945 sqft
    2019-12-01 70 days 1,947 sqft
    2020-01-01 75 days 1,962 sqft
    2020-02-01 67 days 1,976 sqft
    2020-03-01 45 days 2,047 sqft
    2020-04-01 48 days 2,020 sqft
    2020-05-01 54 days 2,000 sqft
    2020-06-01 53 days 2,042 sqft
    2020-07-01 51 days 2,106 sqft
    2020-08-01 47 days 2,016 sqft
    2020-09-01 41 days 1,930 sqft
    2020-10-01 37 days 1,940 sqft
    2020-11-01 46 days 1,944 sqft
    2020-12-01 50 days 1,905 sqft
    2021-01-01 61 days 1,929 sqft
    2021-02-01 37 days 1,974 sqft
    2021-03-01 32 days 1,966 sqft
    2021-04-01 27 days 1,908 sqft
    2021-05-01 15 days 1,876 sqft
    2021-06-01 18 days 1,861 sqft
    2021-07-01 23 days 1,822 sqft
    2021-08-01 30 days 1,830 sqft
    2021-09-01 32 days 1,837 sqft
    2021-10-01 35 days 1,848 sqft
    2021-11-01 45 days 1,836 sqft
    2021-12-01 55 days 1,883 sqft
    2022-01-01 58 days 1,950 sqft
    2022-02-01 31 days 1,855 sqft
    2022-03-01 22 days 1,933 sqft
    2022-04-01 24 days 1,891 sqft
    2022-05-01 23 days 1,877 sqft
    2022-06-01 30 days 1,893 sqft
    2022-07-01 30 days 1,847 sqft
    2022-08-01 38 days 1,893 sqft
    2022-09-01 44 days 1,891 sqft
    2022-10-01 51 days 1,866 sqft
    2022-11-01 61 days 1,866 sqft
    2022-12-01 71 days 1,875 sqft
    2023-01-01 73 days 1,896 sqft
    2023-02-01 67 days 1,913 sqft
    2023-03-01 64 days 1,943 sqft
    2023-04-01 54 days 2,000 sqft
    2023-05-01 47 days 2,000 sqft
    2023-06-01 44 days 1,977 sqft
    2023-07-01 46 days 1,939 sqft
    2023-08-01 45 days 1,932 sqft
    2023-09-01 47 days 1,934 sqft
    2023-10-01 51 days 1,937 sqft
    2023-11-01 57 days 1,851 sqft
    2023-12-01 68 days 1,829 sqft
    2024-01-01 74 days 1,830 sqft
    2024-02-01 60 days 1,847 sqft
    2024-03-01 50 days 1,854 sqft
    Grand Junction's median listing age (time on market) for 2024-03-01 was 50 days. This is -22% shorter than the same period one year ago.

    Grand Junction's median square footage for active listings during the 2024-03-01 period was 1,854 sqft. One year prior, the average listing was 1,943 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.