Grand Junction VA Loans

GRAND JUNCTION, 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 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 105 lenders originated 1,227 VA loans during 2021. The total origination value was $360,775,000, with an average VA loan value of $294,030.

Grand Junction VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Grand Junction averaged 5.6% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.31% and one month ago for the week of 2022-04-15, the average rate was 5.08%.

The average rate one year ago was 3.27%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.05%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Grand Junction level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
BAY EQUITY LLC 95 2.91% $6,256
FREEDOM MORTGAGE CORPORATION 76 2.38% $2,861
ACADEMY MORTGAGE CORPORATION 72 2.75% $5,724
QUICKEN LOANS, LLC 59 2.46% $5,136
Mortgage Research Center, LLC 53 2.72% $4,716
PENNYMAC LOAN SERVICES, LLC 51 2.33% $5,283
AMCAP MORTGAGE, LTD. 48 2.90% $6,983
LAKEVIEW LOAN SERVICING, LLC 45 2.45% $2,381
UNITED WHOLESALE MORTGAGE, LLC 42 2.52% $4,680
Northpointe Bank 35 2.56% $4,379
VILLAGE CAPITAL & INVESTMENT LLC 34 2.25% $3,875
CALIBER HOME LOANS, INC. 32 2.49% $4,548
GUILD MORTGAGE COMPANY 30 2.76% $5,403
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 3.19% $5,784
BROKER SOLUTIONS, INC. 23 2.76% $4,516
NEW DAY FINANCIAL, LLC 22 2.90% $9,215
Wells Fargo Bank 21 2.60% $4,221
USAA Federal Savings Bank 20 2.86% $4,303
LOANDEPOT.COM, LLC 19 2.47% $4,691
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 3.08% $8,535
PLAZA HOME MORTGAGE, INC. 18 2.58% $5,334
CHERRY CREEK MORTGAGE, LLC 16 2.83% $4,089
CLEARPATH LENDING 15 2.24% $4,471
HOME POINT FINANCIAL CORPORATION 13 2.62% $6,914
NAVY FEDERAL CREDIT UNION 13 2.49% $4,977
Mr. Cooper ( Nationstar Mortgage ) 13 2.77% $3,632
NEWREZ LLC 13 2.60% $4,770
The Federal Savings Bank 12 2.48% $6,810
AMERICAN FINANCING CORPORATION 9 2.51% $5,354
SUN WEST MORTGAGE COMPANY, INC. 8 2.25% $2,200
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 2.66% $5,001
CROSSCOUNTRY MORTGAGE, LLC 6 2.87% $12,742
Carrington Mortgage Services, LLC 6 3.31% $5,630
UNIVERSAL LENDING CORPORATION 6 2.56% $6,761
GERSHMAN INVESTMENT CORP. 5 2.55% $1,212
Bank of Colorado 5 2.60% $3,189
Low VA Rates, LLC 5 2.58% $4,980
Lakeview Community Capital, LLC 4 2.31% $2,692
PENTAGON FEDERAL CREDIT UNION 4 2.38% $2,594
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.41% $3,696
ACCELERATE MORTGAGE, LLC 3 2.75% $12,268
TJC Mortgage, Inc. 3 2.25% $3,521
NETWORK CAPITAL FUNDING CORPORATION 3 2.79% $11,330
MEGASTAR FINANCIAL CORP. 3 2.25% $2,471
Barrington Bank & Trust Company, N.A. 3 3.21% $7,915
Ent Credit Union 3 2.42% $3,059
PLANET HOME LENDING, LLC 3 2.75% $2,198
SOVEREIGN LENDING GROUP INCORPORATED 3 3.00% $3,248
AMERICAN FINANCIAL NETWORK, INC. 3 2.25% $13,368
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.33% $2,892
InterContinental Capital Group, Inc 3 2.29% $3,272
NBKC BANK 3 2.25% $2,335
North American Savings Bank, F.S.B. 2 2.38% $2,935
Flanagan State Bank 2 3.13% $6,234
NP, Inc. 2 2.25% $3,747
PHH Mortgage Corporation 2 3.06% $4,170
CORNERSTONE HOME LENDING, INC. 2 2.94% $1,949
BNC National Bank 2 2.25% $1,232
Bank of England 2 2.50% $3,053
GUARANTEED RATE, INC. 2 2.50% $13,669
KELLER MORTGAGE, LLC 2 2.56% $8,952
Sunflower Bank 2 2.56% $4,037
Magnolia Bank 2 2.25% $5,316
Neighborhood Loans, Inc. 2 2.88% $2,297
UNITED SECURITY FINANCIAL CORP 2 2.00% $6,327
First Guaranty Mortgage Corporation 2 2.50% $11,058
AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.63% $6,912
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 2.31% $2,880
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.25% $3,971
THRIVE MORTGAGE, LLC 1 2.75% $8,734
UNION HOME MORTGAGE CORP. 1 2.25% $2,828
United Fidelity Funding Corp. 1 3.00% $18,096
AMERISAVE MORTGAGE CORPORATION 1 2.75% $13,937
V.I.P. MORTGAGE, INC. 1 2.75% $4,057
First Savings Bank 1 2.25% $7,422
First Federal Bank of Kansas City 1 2.75% $8,137
Glacier Bank 1 3.00% $9,065
First Federal Bank 1 5.99% $12,204
First Bank & Trust 1 3.13% $3,114
HOMESIDE FINANCIAL, LLC 1 1.75% $10,770
INTERLINC MORTGAGE SERVICES, LLC 1 3.00% $1,025
Jonah Bank of Wyoming 1 2.25% $5,857
LADERA LENDING, INC. 1 2.38% $8,349
Fifth Third Bank 1 2.63% $7,916
LENDUS, LLC 1 2.75% $3,175
Loan Simple, Inc. 1 2.25% $17,311
ZILLOW HOME LOANS, LLC 1 2.38% $14,948
Meridian Bank Corporation 1 2.38% $8,549
Mid-Continent Funding, Inc. 1 2.75% $3,776
CONTOUR MORTGAGE CORPORATION 1 2.25% $6,774
Commerce Home Mortgage, Inc. 1 2.25% $6,132
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.88% $7,493
NATIONS DIRECT MORTGAGE, LLC 1 3.25% $3,004
Nations Lending Corporation 1 3.00% $14,206
Colonial Savings, F.A. 1 2.75% $8,237
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 2.38% $4,400
CHURCHILL MORTGAGE CORPORATION 1 2.25% $1,598
Century Mortgage Company DBA Century Lending Company 1 2.75% $2,705
Plains Commerce Bank 1 2.63% $10,840
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.63% $16,897
RUOFF MORTGAGE COMPANY, INC. 1 2.50% $2,605
S1L, Inc. 1 2.99% $5,208
SIWELL, INC. 1 2.25% $4,419
SUMMIT FUNDING, INC. 1 3.13% $9,392
Armed Forces Bank 1 2.75% $3,144

The top Grand Junction VA lender as defined by loan originations is BAY EQUITY LLC, with 95 VA loans originated. Their average total fees are $6,256, which is $3,394 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Grand Junction VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,381), FREEDOM MORTGAGE CORPORATION ($2,861), Mr. Cooper ( Nationstar Mortgage ) ($3,632), VILLAGE CAPITAL & INVESTMENT LLC ($3,875) and CHERRY CREEK MORTGAGE, LLC ($4,089).

The lowest rate Grand Junction VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.24%), VILLAGE CAPITAL & INVESTMENT LLC (2.25%), PENNYMAC LOAN SERVICES, LLC (2.33%), FREEDOM MORTGAGE CORPORATION (2.38%) and LAKEVIEW LOAN SERVICING, LLC (2.45%).


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 $284,900 (14.2%) $558,162 (67.8%) 1.05 766
2018-02-01 $281,000 (11.8%) $572,044 (69.4%) 1.01 748
2018-03-01 $287,500 (15.1%) $558,919 (63.6%) 0.99 808
2018-04-01 $289,900 (13.7%) $552,916 (54.6%) 0.97 858
2018-05-01 $293,500 (8.7%) $545,627 (51.3%) 0.98 903
2018-06-01 $299,000 (8.8%) $544,193 (8.2%) 1.00 956
2018-07-01 $297,500 (8.2%) $528,884 (4.8%) 0.99 1,009
2018-08-01 $292,000 (6.2%) $516,935 (-12.9%) 0.98 1,041
2018-09-01 $299,000 (8.7%) $527,696 (4.0%) 1.00 1,032
2018-10-01 $308,000 (11.4%) $535,086 (5.4%) 1.03 1,031
2018-11-01 $322,900 (16.6%) $592,486 (14.0%) 1.08 840
2018-12-01 $324,900 (16.1%) $431,551 (-18.6%) 1.11 769
2019-01-01 $323,450 (13.5%) $432,915 (-22.4%) 1.12 699
2019-02-01 $329,900 (17.4%) $434,668 (-24.0%) 1.11 695
2019-03-01 $342,614 (19.2%) $440,879 (-21.1%) 1.12 689
2019-04-01 $349,450 (20.5%) $447,929 (-19.0%) 1.10 713
2019-05-01 $356,750 (21.6%) $623,751 (14.3%) 1.10 773
2019-06-01 $345,000 (15.4%) $752,900 (38.4%) 1.06 878
2019-07-01 $349,950 (17.6%) $751,041 (42.0%) 1.09 904
2019-08-01 $349,943 (19.8%) $750,575 (45.2%) 1.10 888
2019-09-01 $352,450 (17.9%) $758,607 (43.8%) 1.12 870
2019-10-01 $356,500 (15.8%) $772,505 (44.4%) 1.14 852
2019-11-01 $355,000 (9.9%) $790,686 (33.5%) 1.15 809
2019-12-01 $357,250 (10.0%) $946,654 (119.4%) 1.19 730
2020-01-01 $368,450 (13.9%) $762,269 (76.1%) 1.23 654
2020-02-01 $380,000 (15.2%) $791,522 (82.1%) 1.23 603
2020-03-01 $399,000 (16.5%) $508,133 (15.3%) 1.25 618
2020-04-01 $395,450 (13.2%) $498,702 (11.3%) 1.23 651
2020-05-01 $399,900 (12.1%) $508,206 (-18.5%) 1.21 646
2020-06-01 $422,450 (22.5%) $533,184 (-29.2%) 1.23 583
2020-07-01 $437,450 (25.0%) $552,378 (-26.5%) 1.25 544
2020-08-01 $425,000 (21.5%) $555,805 (-26.0%) 1.21 484
2020-09-01 $409,750 (16.3%) $546,804 (-27.9%) 1.17 452
2020-10-01 $400,000 (12.2%) $554,481 (-28.2%) 1.14 452
2020-11-01 $441,450 (24.4%) $613,106 (-22.5%) 1.26 429
2020-12-01 $407,460 (14.1%) $612,270 (-35.3%) 1.19 407
2021-01-01 $440,000 (19.4%) $657,451 (-13.8%) 1.29 309
2021-02-01 $512,000 (34.7%) $722,545 (-8.7%) 1.47 257
2021-03-01 $495,000 (24.1%) $695,367 (36.9%) 1.39 239
2021-04-01 $516,950 (30.7%) $707,731 (41.9%) 1.39 200
2021-05-01 $485,000 (21.3%) $682,095 (34.2%) 1.28 243
2021-06-01 $492,000 (16.5%) $668,334 (25.4%) 1.28 288
2021-07-01 $484,000 (10.6%) $642,197 (16.3%) 1.26 356
2021-08-01 $440,500 (3.7%) $609,060 (9.6%) 1.16 423
2021-09-01 $432,564 (5.6%) $581,945 (6.4%) 1.14 483
2021-10-01 $439,900 (10.0%) $572,706 (3.3%) 1.16 490
2021-11-01 $437,500 (-0.9%) $581,458 (-5.2%) 1.15 404
2021-12-01 $454,995 (11.7%) $587,876 (-4.0%) 1.21 307
2022-01-01 $489,900 (11.3%) $631,091 (-4.0%) 1.31 239
2022-02-01 $454,950 (-11.1%) $597,609 (-17.3%) 1.16 219
2022-03-01 $524,564 (6.0%) $641,232 (-7.8%) 1.30 247
2022-04-01 $499,900 (-3.3%) $636,420 (-10.1%) 1.18 274
Grand Junction's median listing price for 2022-04-01 was $499,900, a difference of $-17,050 (-3.3%) versus the prior year and $-24,664 versus the prior month.

Grand Junction's median listing price comes in at 118% of the national average.

Grand Junction's average listing price for 2022-04-01 was $636,420, a difference of $-71,311 (-10.1%) versus the prior year and $-4,812 versus the prior month.

For the 2022-04-01 period, Grand Junction had 274 MLS listings, a difference of 27 listings (11%) versus the prior month and 74 listings (37%) 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 79 days 1,770 sqft
2018-02-01 74 days 1,803 sqft
2018-03-01 53 days 1,789 sqft
2018-04-01 43 days 1,796 sqft
2018-05-01 45 days 1,800 sqft
2018-06-01 44 days 1,816 sqft
2018-07-01 46 days 1,814 sqft
2018-08-01 51 days 1,802 sqft
2018-09-01 57 days 1,820 sqft
2018-10-01 62 days 1,839 sqft
2018-11-01 61 days 1,955 sqft
2018-12-01 71 days 1,953 sqft
2019-01-01 79 days 1,916 sqft
2019-02-01 74 days 1,960 sqft
2019-03-01 53 days 1,976 sqft
2019-04-01 48 days 1,956 sqft
2019-05-01 44 days 1,995 sqft
2019-06-01 48 days 1,984 sqft
2019-07-01 53 days 1,994 sqft
2019-08-01 58 days 1,975 sqft
2019-09-01 63 days 1,953 sqft
2019-10-01 64 days 1,947 sqft
2019-11-01 67 days 1,944 sqft
2019-12-01 75 days 1,947 sqft
2020-01-01 77 days 1,978 sqft
2020-02-01 71 days 2,014 sqft
2020-03-01 52 days 2,058 sqft
2020-04-01 51 days 2,039 sqft
2020-05-01 60 days 2,010 sqft
2020-06-01 64 days 2,085 sqft
2020-07-01 63 days 2,127 sqft
2020-08-01 58 days 2,052 sqft
2020-09-01 54 days 1,970 sqft
2020-10-01 47 days 1,952 sqft
2020-11-01 50 days 1,974 sqft
2020-12-01 52 days 1,930 sqft
2021-01-01 71 days 2,000 sqft
2021-02-01 66 days 2,019 sqft
2021-03-01 42 days 2,052 sqft
2021-04-01 40 days 2,061 sqft
2021-05-01 22 days 1,953 sqft
2021-06-01 23 days 1,923 sqft
2021-07-01 25 days 1,842 sqft
2021-08-01 30 days 1,867 sqft
2021-09-01 33 days 1,859 sqft
2021-10-01 37 days 1,856 sqft
2021-11-01 47 days 1,856 sqft
2021-12-01 55 days 1,890 sqft
2022-01-01 70 days 1,953 sqft
2022-02-01 41 days 1,878 sqft
2022-03-01 23 days 1,951 sqft
2022-04-01 30 days 1,901 sqft
Grand Junction's median listing age (time on market) for 2022-04-01 was 30 days. This is -24% shorter than the same period one year ago.

Grand Junction's median square footage for active listings during the 2022-04-01 period was 1,901 sqft. One year prior, the average listing was 2,061 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.