Colorado USDA Loan Rates, Closing Costs & Stats

Colorado

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    • 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%).