Colorado VA Loan Rates, Closing Costs & Stats

Colorado

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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.

    Colorado VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Colorado averaged -0.2% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Colorado's average VA mortgage closing costs are $6,965.

    The average rate for the prior week (2023-11-17) was 6.54% and one month ago for the week of 2023-10-20, the average rate was 7.07%.

    The average rate one year ago was 5.89%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.38%.

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

    Colorado 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 Colorado level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2,365 4.25% $9,974
    Mortgage Research Center, LLC 1,185 4.97% $10,367
    QUICKEN LOANS, LLC 786 3.97% $13,026
    FREEDOM MORTGAGE CORPORATION 561 3.92% $13,110
    MORTGAGE SOLUTIONS OF COLORADO, LLC 554 4.83% $12,592
    LOANDEPOT.COM, LLC 534 4.07% $11,407
    GUARANTEED RATE, INC. 490 4.54% $10,365
    PENNYMAC LOAN SERVICES, LLC 461 3.37% $12,068
    NAVY FEDERAL CREDIT UNION 451 3.91% $10,002
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 430 4.79% $11,358
    HOME POINT FINANCIAL CORPORATION 286 3.96% $10,315
    Ent Credit Union 280 3.80% $8,622
    CROSSCOUNTRY MORTGAGE, LLC 272 4.86% $12,369
    NBH Bank 249 4.19% $11,363
    AMERICAN FINANCING CORPORATION 248 3.71% $13,620
    MOVEMENT MORTGAGE, LLC 229 4.75% $10,860
    CHERRY CREEK MORTGAGE, LLC 223 4.37% $7,112
    CALIBER HOME LOANS, INC. 205 4.37% $12,181
    HOMEAMERICAN MORTGAGE CORPORATION 197 4.06% $8,169
    NFM, INC. 195 4.83% $11,087
    USAA Federal Savings Bank 191 4.41% $9,394
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 170 4.91% $12,099
    DHI MORTGAGE COMPANY, LTD. 170 3.88% $12,821
    BROKER SOLUTIONS, INC. 169 4.58% $12,926
    The Federal Savings Bank 168 4.35% $18,564
    S1L, Inc. 159 4.74% $12,949
    UNIVERSAL LENDING CORPORATION 155 4.56% $10,563
    ACADEMY MORTGAGE CORPORATION 152 4.64% $9,998
    NEW DAY FINANCIAL, LLC 147 4.76% $13,159
    Northpointe Bank 139 4.45% $13,116
    NEST HOME LENDING, LLC 134 4.68% $10,128
    EAGLE HOME MORTGAGE, LLC 126 4.13% $6,200
    AMERICAN PACIFIC MORTGAGE CORPORATION 122 5.01% $12,977
    BAY EQUITY LLC 121 4.53% $11,007
    CMG MORTGAGE, INC. 115 4.61% $11,717
    CORNERSTONE HOME LENDING, INC. 108 4.74% $9,890
    Mr. Cooper ( Nationstar Mortgage ) 105 4.46% $12,530
    PLANET HOME LENDING, LLC 104 4.12% $9,959
    LAKEVIEW LOAN SERVICING, LLC 101 3.28% $6,578
    DRAPER AND KRAMER MORTGAGE CORP. 100 4.64% $11,930
    NEWREZ LLC 90 4.03% $10,990
    PREMIER MORTGAGE RESOURCES, L.L.C. 84 4.57% $12,692
    AMERISAVE MORTGAGE CORPORATION 84 4.11% $16,106
    PENTAGON FEDERAL CREDIT UNION 83 3.40% $8,547
    INSPIRE HOME LOANS INC. 82 4.64% $14,781
    GUARANTEED RATE AFFINITY, LLC 78 4.40% $8,481
    Flagstar Bank, FSB 78 4.17% $10,583
    LOANPAL, LLC 78 3.74% $16,863
    Amerifirst Financial, Inc. 76 4.36% $12,155
    CLEARPATH LENDING 74 3.62% $12,921
    GUILD MORTGAGE COMPANY 72 4.41% $12,068
    Wells Fargo Bank 68 4.09% $7,718
    V.I.P. MORTGAGE, INC. 66 4.90% $9,781
    Farmers & Stockmens Bank 65 4.44% $13,804
    HUNT MORTGAGE CORPORATION 62 4.30% $13,038
    PRIMARY RESIDENTIAL MORTGAGE, INC. 62 4.72% $10,466
    VILLAGE CAPITAL MORTGAGE 60 3.77% $10,709
    Armed Forces Bank 57 4.54% $10,926
    Financial Funding Solutions, Inc. 57 3.82% $9,116
    FINANCE OF AMERICA MORTGAGE LLC 54 4.30% $9,870
    Carrington Mortgage Services, LLC 53 4.35% $15,129
    UNION HOME MORTGAGE CORP. 52 3.04% $5,864
    NOVA FINANCIAL & INVESTMENT CORPORATION 51 4.88% $4,256
    The Central Trust Bank 51 4.31% $10,629
    CARDINAL FINANCIAL 50 4.64% $15,422
    Paramount Residential Mortgage Group, Inc. 44 4.70% $11,307
    GROUP MORTGAGE, LLC 43 4.81% $11,281
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 42 4.57% $11,585
    North American Savings Bank, F.S.B. 39 4.24% $14,229
    PLAZA HOME MORTGAGE, INC. 39 4.46% $13,992
    First Western Trust Bank 38 4.53% $8,945
    Equity Prime Mortgage LLC 37 5.25% $11,251
    SUN WEST MORTGAGE COMPANY, INC. 35 3.82% $8,230
    AMCAP MORTGAGE, LTD. 34 4.91% $9,322
    MUTUAL OF OMAHA MORTGAGE, INC. 34 4.56% $11,991
    Gateway First Bank 34 4.60% $10,436
    Strong Home Mortgage, LLC 31 3.17% $8,376
    Loan Simple, Inc. 30 4.47% $14,208
    HOME MORTGAGE ALLIANCE, LLC 30 4.50% $13,597
    Barrington Bank & Trust Company, N.A. 30 4.72% $13,855
    NBKC BANK 29 4.05% $9,021
    The Home Loan Expert LLC 28 4.29% $12,270
    KBHS HOME LOANS, LLC 27 4.10% $14,420
    Lakeview Community Capital, LLC 27 3.17% $5,507
    Bank of Colorado 26 4.49% $8,245
    GENEVA FINANCIAL, LLC 26 4.94% $11,427
    T2 FINANCIAL LLC 26 4.48% $16,231
    Century Mortgage Company DBA Century Lending Company 24 4.88% $11,332
    SECURITYNATIONAL MORTGAGE COMPANY 24 4.89% $12,493
    U.S. Bank 23 5.09% $12,342
    PRIMELENDING, A PLAINSCAPITAL COMPANY 23 4.99% $12,701
    MEGASTAR FINANCIAL CORP. 23 4.50% $12,051
    HOMEBRIDGE FINANCIAL SERVICES, INC. 22 5.04% $14,608
    The Huntington National Bank 22 4.22% $7,560
    Magnolia Bank 22 4.16% $15,120
    Nations Lending Corporation 22 4.76% $17,337
    Plains Commerce Bank 22 4.70% $10,692
    Mid-Continent Funding, Inc. 22 4.34% $11,802
    DAS Acquisition Company, LLC 22 4.05% $15,137
    EVERETT FINANCIAL, INC. 21 4.82% $8,392
    American Mortgage & Equity Consultants, Inc. 21 4.40% $12,345
    South Pacific Financial Corporation 20 4.32% $16,479
    Elevations Credit Union 19 4.42% $10,653
    NATIONS DIRECT MORTGAGE, LLC 19 4.60% $12,608
    Colten Mortgage, LLC 19 4.38% $10,945
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 18 3.59% $8,274
    Midwest Mortgage Associates Corporation 18 4.22% $10,761
    SUMMIT FUNDING, INC. 18 5.17% $15,089
    THRIVE MORTGAGE, LLC 18 5.02% $10,677
    Low VA Rates, LLC 17 3.90% $19,160
    CHURCHILL MORTGAGE CORPORATION 17 4.27% $9,672
    First Federal Bank 16 4.12% $11,468
    Bank of England 16 4.13% $8,230
    BNC National Bank 16 3.98% $9,721
    HOMESIDE FINANCIAL, LLC 15 3.97% $14,529
    VERITAS FUNDING, LLC 14 5.11% $20,722
    JPMorgan Chase Bank 14 4.67% $7,040
    SOVEREIGN LENDING GROUP INCORPORATED 14 3.57% $12,664
    JET HOMELOANS, LLC 14 4.70% $16,706
    Texana Bank 14 3.80% $15,362
    CONTOUR MORTGAGE CORPORATION 13 5.23% $13,718
    First Mortgage Solutions, LLC 13 3.07% $9,658
    LEADERONE FINANCIAL CORPORATION 13 4.94% $12,522
    THE MORTGAGE COMPANY 13 4.75% $8,671
    TOWNE MORTGAGE COMPANY 12 3.51% $10,091
    SWBC MORTGAGE CORPORATION 12 5.29% $5,423
    BOKF 11 4.66% $10,926
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 11 4.69% $15,114
    MID AMERICA MORTGAGE, INC. 11 4.88% $4,206
    TBI MORTGAGE COMPANY 11 4.19% $8,224
    INTERCAP LENDING INC. 10 5.56% $12,091
    NETWORK CAPITAL FUNDING CORPORATION 10 4.19% $14,994
    Sierra Pacific Mortgage Company, Inc. 10 4.40% $19,040
    Wyndham Capital Mortgage, Inc. 10 2.90% $5,310
    Shea Mortgage Inc. 10 4.41% $7,425
    Sunflower Bank 10 3.52% $18,969
    FLAT BRANCH MORTGAGE, INC. 9 5.04% $11,622
    MANN FINANCIAL INC. 9 3.65% $7,518
    UNITED MORTGAGE CORP 9 3.93% $14,757
    First Guaranty Mortgage Corporation 9 3.60% $5,300
    CITYWIDE HOME LOANS, LLC 9 5.44% $7,841
    Commerce Home Mortgage, Inc. 9 3.90% $15,091
    First National Bank of Omaha 8 4.44% $11,801
    M2 Lending Solutions, LLC 8 4.92% $8,065
    LADERA LENDING, INC. 7 4.48% $14,958
    Goldwater Bank, N.A. 7 4.41% $6,302
    J. VIRGIL, INC. 7 4.07% $6,961
    PHH Mortgage Corporation 6 5.17% $11,848
    CASTLE & COOKE MORTGAGE, LLC 6 5.48% $7,372
    Prosperity Home Mortgage, LLC 6 4.40% $8,540
    Prime Choice Funding Inc. 6 3.54% $11,713
    GUARANTY HOME MORTGAGE CORPORATION 6 4.38% $9,876
    ZILLOW HOME LOANS, LLC 6 4.19% $12,185
    Alpine Bank 5 5.03% $6,007
    NP, Inc. 5 3.10% $6,552
    PREMIER MORTGAGE SERVICES, INC. 5 4.15% $5,604
    Bell Bank 5 5.35% $19,230
    Summit Mortgage Corporation 5 5.50% $9,440
    Flanagan State Bank 5 5.08% $7,054
    Victorian Finance, LLC 5 5.35% $7,315
    VAN DYK MORTGAGE CORPORATION 5 4.60% $13,297
    RESIDENTIAL BANCORP 5 4.37% $12,824
    FBC MORTGAGE, LLC 5 4.70% $16,875
    EMBRACE HOME LOANS, INC. 4 3.72% $16,228
    Zions Bank 4 5.50% $12,844
    SOUTHWEST FUNDING, LP 4 5.00% $13,811
    The Union Bank Company 4 4.84% $15,236
    KELLER MORTGAGE, LLC 4 5.44% $13,866
    PULTE MORTGAGE LLC 4 4.47% $11,563
    PANORAMA MORTGAGE GROUP, LLC 4 5.84% $14,455
    ON Q FINANCIAL, INC. 4 4.03% $11,476
    Credence Funding Corporation 4 2.56% $3,930
    CENTENNIAL LENDING, LLC 4 4.47% $10,649
    Franklin Loan Corporation 4 4.44% $22,446
    NexBank 4 4.13% $5,112
    Academy Bank 4 3.34% $13,677
    S&S Financial 3 3.67% $5,050
    Residential Mortgage Solutions, Inc. 3 5.88% $11,493
    IDEAL HOME LOANS LLC 3 3.88% $10,798
    M&T Bank 3 3.67% $8,757
    AMERICAN FINANCIAL RESOURCES, INC. 3 5.83% $7,411
    Capital Bank 3 4.00% $9,829
    FIRST COLONY MORTGAGE CORPORATION 3 3.75% $18,700
    FIRST CENTENNIAL MORTGAGE CORPORATION 3 4.38% $12,051
    TJC Mortgage, Inc. 3 3.38% $19,014
    FirstBank 3 3.08% $5,054
    Fifth Third Bank 3 4.88% $8,893
    OCMBC, INC. 3 5.67% $10,409
    RELIANCE FIRST CAPITAL, LLC 3 5.08% $18,864
    Assurance Financial Group, L.L.C. 2 5.00% $11,727
    Hometown Lenders, Inc. 2 4.25% $3,396
    Independent Bank 2 3.56% $6,757
    INFINITY MORTGAGE HOLDINGS, LLC 2 3.25% $5,628
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 4.31% $23,957
    Ixonia Bank 2 5.25% $3,326
    Glacier Bank 2 4.69% $8,143
    MASON MCDUFFIE MORTGAGE CORPORATION 2 5.56% $16,543
    MEMBER FIRST MORTGAGE, LLC 2 5.13% $16,053
    First Interstate Bank 2 2.94% $9,444
    MORIA DEVELOPMENT, INC. 2 3.44% $8,193
    MORTGAGEONE, INC. 2 4.88% $2,679
    DIRECTORS MORTGAGE, INC. 2 4.06% $15,964
    DHA FINANCIAL, LLC 2 5.19% $11,055
    Paramount Bank 2 4.19% $11,402
    PILGRIM MORTGAGE LLC 2 4.25% $48,714
    Colonial Savings, F.A. 2 4.31% $21,505
    Citizens Bank 2 5.13% $3,191
    PRIORITY HOME MORTGAGE, L.P. 2 4.00% $20,449
    CERTAINTY HOME LOANS, LLC 2 5.31% $4,716
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 4.94% $4,331
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 4.69% $12,371
    Service Federal Credit Union 2 5.88% $14,566
    SOUTHWEST STAGE FUNDING, LLC 2 5.56% $1,159
    BROOKHOLLOW MORTGAGE SERVICES, LTD 2 4.81% $12,004
    BECKAM FUNDING CORP. 2 5.50% $10,265
    BAYSHORE MORTGAGE FUNDING, LLC 2 3.25% $4,704
    Bank of the West 2 5.13% $9,531
    TOP FLITE FINANCIAL, INC. 2 4.25% $18,823
    Truist 2 3.93% $4,860
    Ameris Bank 2 4.38% $34,981
    AMERICAN HOME LENDING USA, LLC 2 3.38% $3,571
    Waterstone Mortgage Corporation 2 5.63% $13,736
    WESTERRA CREDIT UNION 2 5.00% $26,279
    WILLOW BEND MORTGAGE COMPANY, LLC 2 4.00% $9,857
    Wyoming Bank & Trust 2 4.38% $2,965
    Regent Financial Group, Inc. 1 6.13% $14,307
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.75% $16,033
    Mutual Federal Bank 1 3.50% $13,399
    FIRST COMMUNITY MORTGAGE, INC. 1 2.50% $4,155
    HOMESTAR FINANCIAL CORPORATION 1 4.75% $3,396
    HANSCOM 1 4.13% $3,922
    ROYAL UNITED MORTGAGE LLC 1 3.75% $47,267
    First Federal Bank of Kansas City 1 4.50% $14,466
    MOUNTAIN WEST FINANCIAL, INC. 1 3.75% $4,140
    INTERCOASTAL MORTGAGE COMPANY 1 4.99% $7,469
    Servion, Inc. 1 5.13% $7,813
    First Home Bank 1 4.25% $5,297
    Mortgage Investment Services Corporation 1 5.50% $3,531
    SIRVA MORTGAGE, INC. 1 6.75% $30,821
    First Midwest Bank 1 3.25% $16,248
    MICHIGAN MUTUAL, INC. 1 5.50% $5,153
    AMERICAN ADVISORS GROUP 1 4.75% $24,193
    CANOPY MORTGAGE, LLC 1 3.25% $5,199
    First Savings Bank 1 3.13% $14,598
    Stifel Bank and Trust 1 2.50% $1,828
    HomePromise Corporation 1 4.50% $8,372
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.75% $1,056
    GERSHMAN INVESTMENT CORP. 1 6.50% $498
    Lincoln FSB of Nebraska 1 6.25% $23,597
    LENOX FINANCIAL MORTGAGE CORPORATION 1 3.13% $4,240
    BKCO MORTGAGE, LLC 1 2.88% $10,014
    Legends Bank 1 5.63% $2,873
    BELEM SERVICING LLC 1 4.25% $4,740
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.50% $1,938
    HOMESPIRE MORTGAGE CORPORATION 1 4.50% $12,665
    ALLIED MORTGAGE GROUP, INC. 1 6.50% $13,224
    Bank of Utah 1 3.50% $28,034
    Watermark Capital, Inc. 1 4.50% $12,383
    Bank of Idaho 1 4.38% $12,240
    Bank of America 1 3.88% $3,826
    KeyBank 1 2.50% $1,034
    AXIA FINANCIAL, LLC 1 3.25% $26,529
    HANCOCK MORTGAGE PARTNERS, LLC 1 3.00% $3,065
    HOMEXPRESS MORTGAGE CORP. 1 7.13% $19,953
    Towne Bank 1 5.13% $15,283
    Austin Capital Bank SSB 1 3.99% $12,034
    Town Square Mortgage & Investments, Inc. 1 3.75% $15,659
    ALAMEDA MORTGAGE CORPORATION 1 4.75% $17,373
    Umpqua Bank 1 5.00% $16,532
    Community First National Bank 1 4.63% $4,065
    Peak Financial 1 2.75% $16,683
    OPEN MORTGAGE, LLC 1 2.50% $2,423
    Commerce Bank 1 5.13% $3,730
    ONY GLO, INC. 1 2.25% $12,100
    Hometown Equity Mortgage, LLC 1 5.50% $16,298
    Union Savings Bank 1 5.13% $0
    Old National Bank 1 3.25% $5,746
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 4.25% $5,075
    PREMIA MORTGAGE, LLC 1 3.38% $1,370
    Jonah Bank of Wyoming 1 5.13% $5,483
    OCEANSIDE MORTGAGE COMPANY 1 2.99% $4,643
    Presidential Bank, FSB 1 2.38% $4,540
    CHARTER WEST BANK 1 4.75% $10,784
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 4.63% $3,518
    Chambers Bank 1 5.13% $17,954
    ANGEL OAK HOME LOANS LLC 1 3.88% $7,170
    ENVOY MORTGAGE, LTD 1 3.50% $11,740
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 4.63% $7,802
    HomeStreet Bank 1 6.13% $41,109
    RANLIFE, INC. 1 5.75% $3,951

    The top Colorado VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2,365 VA loans originated. Their average total fees are $9,974, which is $392 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Colorado VA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,206), NOVA FINANCIAL & INVESTMENT CORPORATION ($4,256), Wyndham Capital Mortgage, Inc. ($5,310), SWBC MORTGAGE CORPORATION ($5,423) and Lakeview Community Capital, LLC ($5,507).

    The lowest rate Colorado VA lenders (with over 10 loans originated) are Wyndham Capital Mortgage, Inc. (2.90%), UNION HOME MORTGAGE CORP. (3.04%), First Mortgage Solutions, LLC (3.07%), Strong Home Mortgage, LLC (3.17%) and Lakeview Community Capital, LLC (3.17%).

    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.