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 6 lenders originated 7 VA loans during 2023. The total origination value was $3,435,000, with an average VA loan value of $490,714.

    Steamboat Springs VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Steamboat Springs averaged 6.17% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Steamboat Springs's average VA mortgage closing costs are $8,096.

    The average rate for the prior week (2024-12-06) was 6.41% and one month ago for the week of 2024-11-08, the average rate was 6.4%.

    The average rate one year ago was 6.95%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.28%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NFM, INC. 2 6.75% $12,395
    First Federal Bank 1 7.00% $13,830
    LOANDEPOT.COM, LLC 1 6.50% $13,042
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $3,717
    UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $24,787
    VILLAGE CAPITAL MORTGAGE 1 5.75% $12,700

    The top Steamboat Springs VA lender as defined by loan originations is NFM, INC., with 2 VA loans originated. Their average total fees are $12,395, which is $1,435 lower than the next largest lender, First Federal Bank.

    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 $699,000 (17.2%) $1,258,733 (18.7%) 0.00 337
    2018-02-01 $687,000 (15.1%) $1,252,716 (16.6%) 0.00 344
    2018-03-01 $730,000 (22.7%) $1,306,045 (25.0%) 0.00 350
    2018-04-01 $695,000 (16.0%) $1,272,883 (22.5%) 0.00 365
    2018-05-01 $699,000 (17.9%) $1,268,659 (26.8%) 0.00 366
    2018-06-01 $665,000 (12.8%) $1,251,244 (23.3%) 0.00 416
    2018-07-01 $677,000 (14.9%) $1,257,117 (22.9%) 0.00 470
    2018-08-01 $698,125 (18.5%) $1,232,359 (16.4%) 0.00 485
    2018-09-01 $700,000 (7.7%) $1,269,185 (11.3%) 0.00 466
    2018-10-01 $699,000 (4.6%) $1,275,973 (7.1%) 0.00 448
    2018-11-01 $699,500 (12.4%) $1,270,177 (13.9%) 0.00 425
    2018-12-01 $699,000 (3.6%) $1,257,363 (4.0%) 0.00 417
    2019-01-01 $699,250 (0.0%) $1,249,327 (-0.8%) 0.00 411
    2019-02-01 $650,000 (-5.4%) $1,199,457 (-4.3%) 0.00 418
    2019-03-01 $652,143 (-10.7%) $1,214,682 (-7.0%) 0.00 408
    2019-04-01 $649,368 (-6.6%) $1,222,080 (-4.0%) 0.00 408
    2019-05-01 $672,500 (-3.8%) $1,230,681 (-3.0%) 0.00 406
    2019-06-01 $674,000 (1.4%) $1,202,666 (-3.9%) 0.00 483
    2019-07-01 $725,750 (7.2%) $1,215,575 (-3.3%) 0.00 535
    2019-08-01 $731,250 (4.7%) $1,239,605 (0.6%) 0.00 512
    2019-09-01 $741,375 (5.9%) $1,285,711 (1.3%) 0.00 470
    2019-10-01 $752,125 (7.6%) $1,327,075 (4.0%) 0.00 433
    2019-11-01 $765,000 (9.4%) $1,372,545 (8.1%) 0.00 393
    2019-12-01 $767,500 (9.8%) $1,426,411 (13.4%) 0.00 359
    2020-01-01 $777,500 (11.2%) $1,477,361 (18.3%) 0.00 268
    2020-02-01 $750,000 (15.4%) $1,410,236 (17.6%) 0.00 264
    2020-03-01 $734,875 (12.7%) $1,301,839 (7.2%) 0.00 286
    2020-04-01 $633,500 (-2.4%) $1,208,750 (-1.1%) 0.00 298
    2020-05-01 $642,000 (-4.5%) $1,159,674 (-5.8%) 0.00 304
    2020-06-01 $646,000 (-4.2%) $1,115,968 (-7.2%) 0.00 367
    2020-07-01 $685,000 (-5.6%) $1,207,115 (-0.7%) 0.00 346
    2020-08-01 $650,000 (-11.1%) $1,320,706 (6.5%) 0.00 275
    2020-09-01 $769,500 (3.8%) $1,395,907 (8.6%) 0.00 254
    2020-10-01 $819,500 (9.0%) $1,423,463 (7.3%) 0.00 228
    2020-11-01 $860,000 (12.4%) $1,412,915 (2.9%) 0.00 201
    2020-12-01 $837,500 (9.1%) $1,475,226 (3.4%) 0.00 185
    2021-01-01 $862,500 (10.9%) $1,597,356 (8.1%) 0.00 155
    2021-02-01 $824,500 (9.9%) $1,525,643 (8.2%) 0.00 156
    2021-03-01 $916,250 (24.7%) $1,671,285 (28.4%) 0.00 150
    2021-04-01 $878,750 (38.7%) $1,794,414 (48.5%) 0.00 121
    2021-05-01 $1,100,000 (71.3%) $1,757,054 (51.5%) 0.00 128
    2021-06-01 $893,500 (38.3%) $1,690,006 (51.4%) 0.00 137
    2021-07-01 $989,000 (44.4%) $1,684,380 (39.5%) 0.00 144
    2021-08-01 $1,096,250 (68.7%) $1,706,121 (29.2%) 0.00 143
    2021-09-01 $1,039,000 (35.0%) $2,014,130 (44.3%) 0.00 150
    2021-10-01 $1,087,250 (32.7%) $2,097,144 (47.3%) 0.00 137
    2021-11-01 $1,337,500 (55.5%) $2,582,482 (82.8%) 0.00 86
    2021-12-01 $1,457,000 (74.0%) $2,925,163 (98.3%) 0.00 82
    2022-01-01 $1,452,500 (68.4%) $3,352,628 (109.9%) 0.00 66
    2022-02-01 $1,437,500 (74.4%) $3,529,154 (131.3%) 0.00 58
    2022-03-01 $1,797,500 (96.2%) $3,474,138 (107.9%) 0.00 64
    2022-04-01 $1,435,000 (63.3%) $2,969,432 (65.5%) 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 $1,400,000 (41.6%) $2,183,354 (29.6%) 0.00 189
    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 (-7.6%) $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
    2023-11-01 $1,482,500 (51.5%) $2,345,820 (32.0%) 0.00 140
    2023-12-01 $1,697,500 (83.5%) $2,533,133 (46.4%) 0.00 137
    2024-01-01 $1,823,000 (80.9%) $2,611,608 (44.8%) 0.00 116
    2024-02-01 $1,875,000 (87.5%) $2,689,675 (39.9%) 0.00 106
    2024-03-01 $1,900,000 (90.2%) $2,702,714 (41.2%) 0.00 104
    2024-04-01 $1,895,000 (64.8%) $2,458,357 (24.7%) 0.00 55
    2024-05-01 $1,495,000 (32.5%) $2,239,591 (13.6%) 0.00 105
    2024-06-01 $1,550,000 (19.8%) $2,302,057 (8.6%) 0.00 180
    2024-07-01 $1,624,500 (25.6%) $2,617,963 (14.9%) 0.00 247
    2024-08-01 $1,575,000 (22.2%) $2,576,497 (15.6%) 0.00 256
    2024-09-01 $1,586,250 (19.8%) $2,511,582 (11.3%) 0.00 244
    2024-10-01 $1,542,500 (7.8%) $2,468,214 (10.4%) 0.00 215
    2024-11-01 $1,550,000 (4.6%) $2,655,350 (13.2%) 0.00 177
    Steamboat Springs's median listing price for 2024-11-01 was $1,550,000, a difference of $67,500 (4.6%) versus the prior year and $7,500 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 2024-11-01 was $2,655,350, a difference of $309,530 (13.2%) versus the prior year and $187,136 versus the prior month.

    For the 2024-11-01 period, Steamboat Springs had 177 MLS listings, a difference of -38 listings (-18%) versus the prior month and 37 listings (26%) 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 2,296 sqft
    2018-02-01 0 days 2,290 sqft
    2018-03-01 0 days 2,288 sqft
    2018-04-01 0 days 2,244 sqft
    2018-05-01 0 days 2,339 sqft
    2018-06-01 0 days 2,284 sqft
    2018-07-01 0 days 2,244 sqft
    2018-08-01 0 days 2,190 sqft
    2018-09-01 0 days 2,280 sqft
    2018-10-01 0 days 2,217 sqft
    2018-11-01 0 days 2,175 sqft
    2018-12-01 0 days 2,032 sqft
    2019-01-01 0 days 2,018 sqft
    2019-02-01 0 days 1,836 sqft
    2019-03-01 0 days 1,846 sqft
    2019-04-01 0 days 1,893 sqft
    2019-05-01 0 days 2,035 sqft
    2019-06-01 0 days 2,071 sqft
    2019-07-01 0 days 2,181 sqft
    2019-08-01 0 days 2,223 sqft
    2019-09-01 0 days 2,286 sqft
    2019-10-01 0 days 2,328 sqft
    2019-11-01 0 days 2,383 sqft
    2019-12-01 0 days 2,363 sqft
    2020-01-01 0 days 2,369 sqft
    2020-02-01 0 days 2,371 sqft
    2020-03-01 0 days 2,304 sqft
    2020-04-01 0 days 2,102 sqft
    2020-05-01 0 days 2,068 sqft
    2020-06-01 0 days 2,168 sqft
    2020-07-01 0 days 2,206 sqft
    2020-08-01 0 days 2,266 sqft
    2020-09-01 0 days 2,294 sqft
    2020-10-01 0 days 2,290 sqft
    2020-11-01 0 days 2,285 sqft
    2020-12-01 0 days 2,295 sqft
    2021-01-01 0 days 2,371 sqft
    2021-02-01 0 days 2,331 sqft
    2021-03-01 0 days 2,371 sqft
    2021-04-01 0 days 2,468 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 2,420 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 2,030 sqft
    2023-01-01 0 days 2,076 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
    2023-11-01 0 days 2,603 sqft
    2023-12-01 0 days 2,586 sqft
    2024-01-01 0 days 2,682 sqft
    2024-02-01 0 days 2,743 sqft
    2024-03-01 0 days 2,397 sqft
    2024-04-01 0 days 2,376 sqft
    2024-05-01 0 days 2,064 sqft
    2024-06-01 0 days 2,114 sqft
    2024-07-01 0 days 2,063 sqft
    2024-08-01 0 days 1,960 sqft
    2024-09-01 0 days 1,982 sqft
    2024-10-01 0 days 1,943 sqft
    2024-11-01 0 days 2,110 sqft
    Steamboat Springs's median listing age (time on market) for 2024-11-01 was 0 days.

    Steamboat Springs's median square footage for active listings during the 2024-11-01 period was 2,110 sqft. One year prior, the average listing was 2,603 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.