Montrose VA Loan Rates, Closing Costs & Stats

Montrose, 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.

    Montrose's 30 lenders originated 77 VA loans during 2024. The total origination value was $32,015,000, with an average VA loan value of $415,779.

    Montrose VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Montrose averaged 0.26% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Montrose's average VA mortgage closing costs are $6,820.

    The average rate for the prior week (2025-06-13) was 6.7% and one month ago for the week of 2025-05-16, the average rate was 7.06%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.15%.

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

    Montrose 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 Montrose level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 8 6.23% $7,663
    QUICKEN LOANS, LLC 8 5.81% $9,385
    GUILD MORTGAGE COMPANY 7 6.50% $11,526
    Mortgage Research Center, LLC 7 6.21% $6,733
    NAVY FEDERAL CREDIT UNION 5 5.98% $6,351
    FREEDOM MORTGAGE CORPORATION 4 5.63% $12,632
    USAA Federal Savings Bank 4 6.25% $7,383
    The Central Trust Bank 4 5.94% $13,451
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.38% $10,866
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.00% $14,065
    LOANDEPOT.COM, LLC 2 5.62% $26,553
    Mr. Cooper ( Nationstar Mortgage ) 2 5.88% $10,374
    First Federal Bank 1 5.75% $2,172
    JPMorgan Chase Bank 1 6.63% $9,404
    Armed Forces Bank 1 6.50% $14,104
    CROSSCOUNTRY MORTGAGE, LLC 1 5.13% $17,955
    Zions Bank 1 6.13% $5,002
    CORNERSTONE HOME LENDING, INC. 1 5.25% $1,220
    NEWREZ LLC 1 6.25% $7,147
    Northpointe Bank 1 6.25% $4,872
    NP, Inc. 1 6.63% $29,152
    Paramount Residential Mortgage Group, Inc. 1 6.13% $10,375
    PLANET HOME LENDING, LLC 1 2.25% $8,165
    CLEARPATH LENDING 1 5.00% $12,163
    SFMC, LP 1 5.75% $17,212
    SUN WEST MORTGAGE COMPANY, INC. 1 6.37% $14,355
    Century Mortgage Company DBA Century Lending Company 1 5.63% $5,129
    Bank of Colorado 1 6.38% $3,115
    Flagstar Bank, FSB 1 6.18% $7,804
    GENEVA FINANCIAL, LLC 1 6.63% $14,101

    The top Montrose VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 8 VA loans originated. Their average total fees are $7,663, which is $1,722 lower than the next largest lender, QUICKEN LOANS, LLC.

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

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

    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.