Colorado VA Loan Rates, Closing Costs & Stats

Colorado

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.