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 6.31% for the week of 2024-07-05, compared to the national average (all USDA variants) of 6.738% for the same period.

Colorado's average USDA mortgage closing costs are $6,487.

The average rate for the prior week (2024-06-28) was 6.69% and one month ago for the week of 2024-05-31, the average rate was 6.75%.

The average rate one year ago was 6.33%.

For refis of the same type during the week of 2024-07-05, the average rate was 6.94%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 9 5.69% $12,569
CORNERSTONE HOME LENDING, INC. 6 6.31% $8,091
Northpointe Bank 5 6.05% $9,297
ACADEMY MORTGAGE CORPORATION 5 6.03% $11,439
Flanagan State Bank 5 6.65% $6,349
CROSSCOUNTRY MORTGAGE, LLC 4 6.25% $9,402
MID AMERICA MORTGAGE, INC. 4 6.06% $3,230
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.21% $10,556
PLAZA HOME MORTGAGE, INC. 3 6.21% $11,615
Equity Prime Mortgage LLC 3 6.71% $11,136
V.I.P. MORTGAGE, INC. 2 6.38% $9,306
AMCAP MORTGAGE, LTD. 2 6.81% $10,368
Paramount Residential Mortgage Group, Inc. 2 6.69% $8,884
Plains Commerce Bank 2 5.50% $12,953
CMG MORTGAGE, INC. 2 5.13% $8,610
SUN WEST MORTGAGE COMPANY, INC. 2 5.66% $12,163
THE MORTGAGE COMPANY 2 6.44% $9,766
LOANDEPOT.COM, LLC 2 5.56% $18,965
U.S. Bank 2 7.00% $5,494
HOMESIDE FINANCIAL, LLC 1 7.75% $5,373
HOMESTAR FINANCIAL CORPORATION 1 5.13% $3,182
INTERCAP LENDING INC. 1 5.38% $13,648
Ixonia Bank 1 5.75% $11,657
Loan Simple, Inc. 1 6.63% $7,790
Mortgage Research Center, LLC 1 7.13% $1,943
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.25% $5,535
NBH Bank 1 6.38% $5,263
Network Funding, L.P. 1 6.50% $6,875
NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.25% $3,111
PLANET HOME LENDING, LLC 1 5.75% $10,340
THRIVE MORTGAGE, LLC 1 5.00% $15,320
UNIVERSAL LENDING CORPORATION 1 7.00% $5,363
The Central Trust Bank 1 6.49% $6,548
AMERICAN FINANCIAL NETWORK, INC. 1 5.63% $14,407
AMERICAN FINANCING CORPORATION 1 5.25% $18,249
AXIA FINANCIAL, LLC 1 6.25% $7,569
Bank of Colorado 1 7.00% $9,849
BAY EQUITY LLC 1 6.49% $6,691
BOKF 1 6.63% $8,148
CARDINAL FINANCIAL 1 6.75% $11,276
COASTAL FUNDING SLC, INC. 1 5.75% $10,340
Commerce Bank 1 6.50% $4,074
DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $10,646
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $14,381
FIRST COLONY MORTGAGE CORPORATION 1 6.63% $6,263
First Western Trust Bank 1 6.13% $7,856
Flagstar Bank, FSB 1 5.75% $16,986
Great Plains National Bank 1 6.13% $6,130
GUARANTEED RATE AFFINITY, LLC 1 6.25% $7,537
GUARANTEED RATE, INC. 1 5.73% $6,032
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $8,976

The top Colorado USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 9 USDA loans originated. Their average total fees are $12,569, which is $4,478 higher than the next largest lender, CORNERSTONE HOME LENDING, INC..

The lowest fee Colorado USDA lenders (with over 10 loans originated) are .

The lowest rate Colorado USDA lenders (with over 10 loans originated) are .