Steamboat Springs VA Loan Rates, Closing Costs & Stats

Steamboat 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.

    Steamboat Springs's 15 lenders originated 18 VA loans during 2022. The total origination value was $11,010,000, with an average VA loan value of $611,667.

    Steamboat Springs VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Steamboat Springs averaged -0.35% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Steamboat Springs's average VA mortgage closing costs are $7,885.

    The average rate for the prior week (2023-11-17) was 6.79% and one month ago for the week of 2023-10-20, the average rate was 7.12%.

    The average rate one year ago was 5.84%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.62%.

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

    Steamboat 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 Steamboat Springs level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 2 5.31% $38,999
    NAVY FEDERAL CREDIT UNION 2 2.31% $15,065
    CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $10,777
    Flagstar Bank, FSB 1 2.63% $2,150
    FREEDOM MORTGAGE CORPORATION 1 2.25% $28,503
    GUARANTEED RATE, INC. 1 5.53% $11,727
    HOME POINT FINANCIAL CORPORATION 1 4.63% $10,843
    NBH Bank 1 2.50% $3,456
    RANLIFE, INC. 1 5.75% $3,951
    Strong Home Mortgage, LLC 1 3.75% $12,951
    UNITED WHOLESALE MORTGAGE, LLC 1 3.69% $2,748
    VILLAGE CAPITAL MORTGAGE 1 4.88% $16,905
    Bank of England 1 2.63% $2,039
    Zions Bank 1 6.00% $16,257
    CHERRY CREEK MORTGAGE, LLC 1 3.50% $500

    The top Steamboat Springs VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2 VA loans originated. Their average total fees are $38,999, which is $23,934 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Steamboat 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 $696,750 (16.8%) $1,247,793 (17.6%) 0.00 340
    2018-02-01 $685,000 (14.6%) $1,242,056 (15.6%) 0.00 347
    2018-03-01 $724,950 (21.7%) $1,297,496 (24.1%) 0.00 352
    2018-04-01 $680,000 (13.5%) $1,264,848 (21.9%) 0.00 367
    2018-05-01 $698,000 (17.8%) $1,260,765 (26.2%) 0.00 368
    2018-06-01 $655,000 (11.1%) $1,244,671 (22.8%) 0.00 418
    2018-07-01 $675,000 (14.6%) $1,250,941 (22.4%) 0.00 472
    2018-08-01 $695,750 (18.1%) $1,226,424 (16.3%) 0.00 487
    2018-09-01 $699,950 (7.9%) $1,262,831 (11.5%) 0.00 468
    2018-10-01 $699,000 (5.5%) $1,269,407 (7.3%) 0.00 450
    2018-11-01 $699,000 (12.7%) $1,263,319 (14.1%) 0.00 427
    2018-12-01 $699,000 (4.5%) $1,250,386 (4.3%) 0.00 419
    2019-01-01 $699,250 (0.4%) $1,247,267 (0.0%) 0.00 411
    2019-02-01 $651,250 (-4.9%) $1,198,196 (-3.5%) 0.00 419
    2019-03-01 $654,286 (-9.8%) $1,212,792 (-6.5%) 0.00 410
    2019-04-01 $653,786 (-3.9%) $1,221,270 (-3.5%) 0.00 409
    2019-05-01 $673,750 (-3.5%) $1,230,001 (-2.4%) 0.00 407
    2019-06-01 $674,500 (3.0%) $1,202,101 (-3.4%) 0.00 484
    2019-07-01 $727,000 (7.7%) $1,215,091 (-2.9%) 0.00 536
    2019-08-01 $731,682 (5.2%) $1,239,031 (1.0%) 0.00 513
    2019-09-01 $741,705 (6.0%) $1,284,989 (1.8%) 0.00 471
    2019-10-01 $754,750 (8.0%) $1,326,218 (4.5%) 0.00 434
    2019-11-01 $770,000 (10.2%) $1,371,511 (8.6%) 0.00 394
    2019-12-01 $772,500 (10.5%) $1,425,121 (14.0%) 0.00 360
    2020-01-01 $780,500 (11.6%) $1,475,388 (18.3%) 0.00 269
    2020-02-01 $750,000 (15.2%) $1,408,514 (17.6%) 0.00 265
    2020-03-01 $736,000 (12.5%) $1,300,613 (7.2%) 0.00 287
    2020-04-01 $636,250 (-2.7%) $1,207,909 (-1.1%) 0.00 299
    2020-05-01 $649,000 (-3.7%) $1,158,993 (-5.8%) 0.00 305
    2020-06-01 $649,500 (-3.7%) $1,115,523 (-7.2%) 0.00 368
    2020-07-01 $690,000 (-5.1%) $1,206,383 (-0.7%) 0.00 347
    2020-08-01 $654,500 (-10.6%) $1,319,374 (6.5%) 0.00 276
    2020-09-01 $773,500 (4.3%) $1,394,201 (8.5%) 0.00 255
    2020-10-01 $829,000 (9.8%) $1,421,363 (7.2%) 0.00 229
    2020-11-01 $865,000 (12.3%) $1,410,332 (2.8%) 0.00 202
    2020-12-01 $842,500 (9.1%) $1,472,164 (3.3%) 0.00 186
    2021-01-01 $862,500 (10.5%) $1,592,578 (7.9%) 0.00 156
    2021-02-01 $838,250 (11.8%) $1,521,405 (8.0%) 0.00 157
    2021-03-01 $914,750 (24.3%) $1,666,120 (28.1%) 0.00 151
    2021-04-01 $885,000 (39.1%) $1,790,438 (48.2%) 0.00 122
    2021-05-01 $1,100,000 (69.5%) $1,757,054 (51.6%) 0.00 128
    2021-06-01 $893,500 (37.6%) $1,690,006 (51.5%) 0.00 137
    2021-07-01 $989,000 (43.3%) $1,684,380 (39.6%) 0.00 144
    2021-08-01 $1,096,250 (67.5%) $1,706,121 (29.3%) 0.00 143
    2021-09-01 $1,039,000 (34.3%) $2,014,130 (44.5%) 0.00 150
    2021-10-01 $1,087,250 (31.2%) $2,097,144 (47.5%) 0.00 137
    2021-11-01 $1,337,500 (54.6%) $2,582,482 (83.1%) 0.00 86
    2021-12-01 $1,457,000 (72.9%) $2,925,163 (98.7%) 0.00 82
    2022-01-01 $1,452,500 (68.4%) $3,352,628 (110.5%) 0.00 66
    2022-02-01 $1,437,500 (71.5%) $3,529,154 (132.0%) 0.00 58
    2022-03-01 $1,797,500 (96.5%) $3,474,138 (108.5%) 0.00 64
    2022-04-01 $1,435,000 (62.2%) $2,969,432 (65.9%) 0.00 63
    2022-05-01 $1,164,500 (5.9%) $2,421,756 (37.8%) 0.00 84
    2022-06-01 $1,405,750 (57.3%) $2,361,427 (39.7%) 0.00 132
    2022-07-01 $1,412,500 (42.8%) $2,183,354 (29.6%) 0.00 190
    2022-08-01 $1,314,250 (19.9%) $1,905,424 (11.7%) 0.00 186
    2022-09-01 $1,192,000 (14.7%) $1,956,901 (-2.8%) 0.00 185
    2022-10-01 $1,060,000 (-2.5%) $1,769,415 (-15.6%) 0.00 179
    2022-11-01 $978,750 (-26.8%) $1,777,386 (-31.2%) 0.00 159
    2022-12-01 $925,000 (-36.5%) $1,730,223 (-40.9%) 0.00 149
    2023-01-01 $1,007,493 (-30.6%) $1,803,240 (-46.2%) 0.00 132
    2023-02-01 $1,000,000 (-30.4%) $1,923,152 (-45.5%) 0.00 116
    2023-03-01 $998,745 (-44.4%) $1,914,377 (-44.9%) 0.00 106
    2023-04-01 $1,150,000 (-19.9%) $1,971,005 (-33.6%) 0.00 95
    2023-05-01 $1,128,500 (-3.1%) $1,972,332 (-18.6%) 0.00 101
    2023-06-01 $1,293,750 (-8.0%) $2,118,976 (-10.3%) 0.00 134
    2023-07-01 $1,293,000 (-8.5%) $2,278,426 (4.4%) 0.00 163
    2023-08-01 $1,288,750 (-1.9%) $2,228,237 (16.9%) 0.00 166
    2023-09-01 $1,324,500 (11.1%) $2,256,291 (15.3%) 0.00 164
    2023-10-01 $1,431,250 (35.0%) $2,235,084 (26.3%) 0.00 147
    Steamboat Springs's median listing price for 2023-10-01 was $1,431,250, a difference of $371,250 (35.0%) versus the prior year and $106,750 versus the prior month.

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

    Steamboat Springs's average listing price for 2023-10-01 was $2,235,084, a difference of $465,669 (26.3%) versus the prior year and $-21,207 versus the prior month.

    For the 2023-10-01 period, Steamboat Springs had 147 MLS listings, a difference of -17 listings (-10%) versus the prior month and -32 listings (-18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Steamboat 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 2,290 sqft
    2018-02-01 0 days 2,285 sqft
    2018-03-01 0 days 2,285 sqft
    2018-04-01 0 days 2,228 sqft
    2018-05-01 0 days 2,331 sqft
    2018-06-01 0 days 2,256 sqft
    2018-07-01 0 days 2,238 sqft
    2018-08-01 0 days 2,180 sqft
    2018-09-01 0 days 2,278 sqft
    2018-10-01 0 days 2,212 sqft
    2018-11-01 0 days 2,159 sqft
    2018-12-01 0 days 2,020 sqft
    2019-01-01 0 days 2,018 sqft
    2019-02-01 0 days 1,841 sqft
    2019-03-01 0 days 1,848 sqft
    2019-04-01 0 days 1,900 sqft
    2019-05-01 0 days 2,045 sqft
    2019-06-01 0 days 2,074 sqft
    2019-07-01 0 days 2,182 sqft
    2019-08-01 0 days 2,229 sqft
    2019-09-01 0 days 2,300 sqft
    2019-10-01 0 days 2,347 sqft
    2019-11-01 0 days 2,395 sqft
    2019-12-01 0 days 2,364 sqft
    2020-01-01 0 days 2,370 sqft
    2020-02-01 0 days 2,372 sqft
    2020-03-01 0 days 2,306 sqft
    2020-04-01 0 days 2,106 sqft
    2020-05-01 0 days 2,071 sqft
    2020-06-01 0 days 2,171 sqft
    2020-07-01 0 days 2,216 sqft
    2020-08-01 0 days 2,267 sqft
    2020-09-01 0 days 2,300 sqft
    2020-10-01 0 days 2,290 sqft
    2020-11-01 0 days 2,288 sqft
    2020-12-01 0 days 2,297 sqft
    2021-01-01 0 days 2,371 sqft
    2021-02-01 0 days 2,356 sqft
    2021-03-01 0 days 2,371 sqft
    2021-04-01 0 days 2,470 sqft
    2021-05-01 0 days 2,427 sqft
    2021-06-01 0 days 2,429 sqft
    2021-07-01 0 days 2,551 sqft
    2021-08-01 0 days 2,549 sqft
    2021-09-01 0 days 2,291 sqft
    2021-10-01 0 days 2,302 sqft
    2021-11-01 0 days 3,002 sqft
    2021-12-01 0 days 3,127 sqft
    2022-01-01 0 days 3,024 sqft
    2022-02-01 0 days 2,831 sqft
    2022-03-01 0 days 3,019 sqft
    2022-04-01 0 days 2,545 sqft
    2022-05-01 0 days 2,351 sqft
    2022-06-01 0 days 2,577 sqft
    2022-07-01 0 days 2,409 sqft
    2022-08-01 0 days 2,300 sqft
    2022-09-01 0 days 2,289 sqft
    2022-10-01 0 days 2,069 sqft
    2022-11-01 0 days 2,042 sqft
    2022-12-01 0 days 2,028 sqft
    2023-01-01 0 days 2,065 sqft
    2023-02-01 0 days 2,248 sqft
    2023-03-01 0 days 2,176 sqft
    2023-04-01 0 days 2,253 sqft
    2023-05-01 0 days 2,071 sqft
    2023-06-01 0 days 2,213 sqft
    2023-07-01 0 days 2,286 sqft
    2023-08-01 0 days 2,552 sqft
    2023-09-01 0 days 2,573 sqft
    2023-10-01 0 days 2,573 sqft
    Steamboat Springs's median listing age (time on market) for 2023-10-01 was 0 days.

    Steamboat Springs's median square footage for active listings during the 2023-10-01 period was 2,573 sqft. One year prior, the average listing was 2,069 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.