Colorado USDA Loan Rates, Closing Costs & Stats
Colorado
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They
can be made directly by the US Department of Agriculture or through a participating lender-- and they
typically to borrowers with credit scores over 640. They can have subsidized rates, making them very
competitive in terms of cost, but they have more stringent standards on who is eligible as well as
specific covenants such as only being available in rural areas and limits on home size.
Colorado USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Colorado
averaged
5.94%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Colorado's average USDA mortgage closing costs are $6,400.
The average rate for the prior week (2023-05-19) was
5.99% and
one month ago for the week of 2023-04-21, the
average rate was 5.79%.
The average rate one year ago was 5.01%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.87%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Colorado USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Colorado level.
Name |
# of Loans |
2022 Avg. 30yFix Rate |
2022 Avg. Closing Costs |
AMCAP MORTGAGE, LTD.
|
18
|
4.31%
|
$8,909
|
UNITED WHOLESALE MORTGAGE, LLC
|
18
|
4.00%
|
$7,211
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
11
|
4.58%
|
$8,890
|
CORNERSTONE HOME LENDING, INC.
|
10
|
5.26%
|
$9,183
|
THE MORTGAGE COMPANY
|
10
|
4.64%
|
$8,402
|
HOME POINT FINANCIAL CORPORATION
|
9
|
3.90%
|
$7,352
|
PLAZA HOME MORTGAGE, INC.
|
9
|
3.97%
|
$9,709
|
CROSSCOUNTRY MORTGAGE, LLC
|
9
|
5.21%
|
$10,428
|
LOANDEPOT.COM, LLC
|
6
|
4.13%
|
$13,576
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
5
|
3.60%
|
$10,135
|
Bank of Colorado
|
5
|
4.20%
|
$6,646
|
BAY EQUITY LLC
|
5
|
4.50%
|
$8,995
|
NOVA FINANCIAL & INVESTMENT CORPORATION
|
4
|
5.65%
|
$2,255
|
Gateway First Bank
|
4
|
4.34%
|
$6,717
|
BOKF
|
4
|
4.59%
|
$8,145
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
3
|
5.79%
|
$4,093
|
DRAPER AND KRAMER MORTGAGE CORP.
|
3
|
2.83%
|
$8,083
|
ACADEMY MORTGAGE CORPORATION
|
3
|
3.79%
|
$10,914
|
Northpointe Bank
|
3
|
4.63%
|
$7,507
|
Amerifirst Financial, Inc.
|
3
|
4.33%
|
$9,168
|
S1L, Inc.
|
3
|
4.46%
|
$8,375
|
Plains Commerce Bank
|
2
|
4.00%
|
$18,183
|
DHI MORTGAGE COMPANY, LTD.
|
2
|
2.44%
|
$14,140
|
Loan Simple, Inc.
|
2
|
3.56%
|
$12,167
|
CALIBER HOME LOANS, INC.
|
2
|
4.44%
|
$10,487
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
2
|
5.13%
|
$10,140
|
Century Mortgage Company DBA Century Lending Company
|
2
|
3.25%
|
$11,686
|
Financial Funding Solutions, Inc.
|
2
|
3.75%
|
$8,428
|
Paramount Residential Mortgage Group, Inc.
|
2
|
4.88%
|
$13,426
|
Independent Bank
|
2
|
5.75%
|
$10,083
|
Flagstar Bank, FSB
|
2
|
4.63%
|
$4,864
|
Flanagan State Bank
|
2
|
5.81%
|
$12,687
|
GENEVA FINANCIAL, LLC
|
2
|
4.63%
|
$12,268
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
2
|
4.81%
|
$15,181
|
U.S. Bank
|
2
|
5.13%
|
$4,351
|
THRIVE MORTGAGE, LLC
|
1
|
3.63%
|
$9,661
|
TOWNE MORTGAGE COMPANY
|
1
|
5.25%
|
$6,304
|
UNION HOME MORTGAGE CORP.
|
1
|
5.25%
|
$14,069
|
UNIVERSAL LENDING CORPORATION
|
1
|
3.75%
|
$7,042
|
Wallick & Volk, Inc.
|
1
|
5.25%
|
$11,008
|
Wells Fargo Bank
|
1
|
5.63%
|
$7,766
|
Zions Bancorporation, N.A.
|
1
|
3.50%
|
$9,770
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
5.13%
|
$4,849
|
AMERICAN FINANCING CORPORATION
|
1
|
3.63%
|
$3,540
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
1
|
4.38%
|
$9,788
|
Bank of England
|
1
|
3.88%
|
$6,299
|
BROKER SOLUTIONS, INC.
|
1
|
3.75%
|
$10,759
|
CARDINAL FINANCIAL
|
1
|
3.13%
|
$7,887
|
Carrington Mortgage Services, LLC
|
1
|
4.63%
|
$3,943
|
CHERRY CREEK MORTGAGE, LLC
|
1
|
5.75%
|
$4,495
|
CMG MORTGAGE, INC.
|
1
|
2.99%
|
$7,608
|
Colten Mortgage, LLC
|
1
|
4.13%
|
$6,367
|
DIAMOND RESIDENTIAL MORTGAGE CORPORATION
|
1
|
6.75%
|
$9,217
|
DIRECT MORTGAGE LOANS, LLC
|
1
|
4.75%
|
$11,758
|
Equity Prime Mortgage LLC
|
1
|
5.25%
|
$12,856
|
EVERETT FINANCIAL, INC.
|
1
|
4.00%
|
$4,852
|
FINANCE OF AMERICA MORTGAGE LLC
|
1
|
5.13%
|
$9,819
|
First Interstate Bank
|
1
|
5.75%
|
$8,365
|
First Western Trust Bank
|
1
|
4.63%
|
$8,222
|
GUARANTEED RATE, INC.
|
1
|
4.38%
|
$15,298
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
1
|
3.75%
|
$13,165
|
HOMESIDE FINANCIAL, LLC
|
1
|
4.13%
|
$6,881
|
LAKEVIEW LOAN SERVICING, LLC
|
1
|
3.25%
|
$6,225
|
LEADERONE FINANCIAL CORPORATION
|
1
|
3.63%
|
$7,944
|
MANN FINANCIAL INC.
|
1
|
3.88%
|
$4,814
|
MEGASTAR FINANCIAL CORP.
|
1
|
2.50%
|
$4,529
|
MICHIGAN MUTUAL, INC.
|
1
|
4.13%
|
$7,373
|
MID AMERICA MORTGAGE, INC.
|
1
|
3.75%
|
$4,655
|
NBH Bank
|
1
|
3.25%
|
$10,147
|
NFM, INC.
|
1
|
4.13%
|
$8,034
|
OPEN MORTGAGE, LLC
|
1
|
3.00%
|
$5,819
|
PENNYMAC LOAN SERVICES, LLC
|
1
|
3.49%
|
$6,967
|
SECURITYNATIONAL MORTGAGE COMPANY
|
1
|
4.75%
|
$8,794
|
Sierra Pacific Mortgage Company, Inc.
|
1
|
6.13%
|
$9,715
|
The Central Trust Bank
|
1
|
3.75%
|
$6,458
|
The Federal Savings Bank
|
1
|
5.50%
|
$7,596
|
The top Colorado USDA lender as defined by loan originations is AMCAP MORTGAGE, LTD., with
18 USDA loans originated. Their average total fees are
$8,909, which is $1,698
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Colorado USDA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($7,211), THE MORTGAGE COMPANY ($8,402), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,890), AMCAP MORTGAGE, LTD. ($8,909) and CORNERSTONE HOME LENDING, INC. ($9,183).
The lowest rate Colorado USDA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (4.00%), AMCAP MORTGAGE, LTD. (4.31%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.58%), THE MORTGAGE COMPANY (4.64%) and CORNERSTONE HOME LENDING, INC. (5.26%).