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 6.38% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Colorado's average VA mortgage closing costs are $7,220.

The average rate for the prior week (2024-04-05) was 6.42% and one month ago for the week of 2024-03-08, the average rate was 6.15%.

The average rate one year ago was 5.85%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.71%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 1,823 6.04% $9,987
Mortgage Research Center, LLC 891 6.50% $8,833
QUICKEN LOANS, LLC 508 6.10% $13,975
GUARANTEED RATE, INC. 375 6.10% $8,391
NAVY FEDERAL CREDIT UNION 347 5.76% $8,715
MORTGAGE SOLUTIONS OF COLORADO, LLC 314 6.22% $9,110
LOANDEPOT.COM, LLC 240 5.93% $14,250
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 215 6.41% $9,704
PENNYMAC LOAN SERVICES, LLC 199 5.67% $12,474
HOMEAMERICAN MORTGAGE CORPORATION 179 5.30% $5,695
FREEDOM MORTGAGE CORPORATION 176 6.40% $18,677
MOVEMENT MORTGAGE, LLC 161 6.39% $13,303
CROSSCOUNTRY MORTGAGE, LLC 145 6.45% $11,455
Ent Credit Union 141 5.87% $9,338
USAA Federal Savings Bank 140 6.16% $13,082
NFM, INC. 133 6.36% $12,006
CMG MORTGAGE, INC. 123 6.15% $11,717
BROKER SOLUTIONS, INC. 119 6.37% $11,600
EAGLE HOME MORTGAGE, LLC 117 4.81% $6,187
DHI MORTGAGE COMPANY, LTD. 116 5.29% $14,012
V.I.P. MORTGAGE, INC. 112 6.21% $11,332
ARK-LA-TEX FINANCIAL SERVICES, LLC. 108 6.63% $10,637
GUILD MORTGAGE COMPANY 107 6.20% $13,350
The Federal Savings Bank 99 6.18% $19,830
NBH Bank 93 5.94% $10,009
AMERICAN PACIFIC MORTGAGE CORPORATION 91 5.92% $18,424
ACADEMY MORTGAGE CORPORATION 85 6.08% $11,646
CARDINAL FINANCIAL 80 6.38% $16,926
The Central Trust Bank 79 6.17% $10,786
NEWREZ LLC 75 6.43% $13,712
CORNERSTONE HOME LENDING, INC. 72 5.47% $11,119
CHERRY CREEK MORTGAGE, LLC 70 5.71% $6,808
BAY EQUITY LLC 66 6.44% $10,244
INSPIRE HOME LOANS INC. 66 5.29% $9,275
UNIVERSAL LENDING CORPORATION 59 6.28% $10,182
Northpointe Bank 58 5.98% $12,669
American Mortgage & Equity Consultants, Inc. 57 6.40% $12,581
NEW DAY FINANCIAL, LLC 57 7.35% $16,305
Plains Commerce Bank 56 5.84% $13,693
GUARANTEED RATE AFFINITY, LLC 55 6.30% $8,120
AMERICAN FINANCING CORPORATION 55 6.06% $16,646
AMERICAN FINANCIAL NETWORK, INC. 55 6.29% $9,883
INTERCAP LENDING INC. 52 6.31% $8,615
DRAPER AND KRAMER MORTGAGE CORP. 52 6.38% $11,644
NEST HOME LENDING, LLC 51 5.63% $8,489
PENTAGON FEDERAL CREDIT UNION 51 5.56% $8,604
Paramount Residential Mortgage Group, Inc. 50 6.29% $9,835
HUNT MORTGAGE CORPORATION 48 5.79% $11,886
S1L, Inc. 46 6.22% $15,592
VILLAGE CAPITAL MORTGAGE 44 6.00% $12,950
MUTUAL OF OMAHA MORTGAGE, INC. 44 6.00% $13,768
Mr. Cooper ( Nationstar Mortgage ) 42 5.92% $18,722
PLANET HOME LENDING, LLC 40 5.54% $8,605
South Pacific Financial Corporation 38 5.75% $9,745
Century Mortgage Company DBA Century Lending Company 37 6.16% $7,455
GROUP MORTGAGE, LLC 37 6.00% $12,120
Armed Forces Bank 33 6.04% $10,988
NBKC BANK 33 5.72% $8,180
Wells Fargo Bank 33 5.49% $5,334
PRIMARY RESIDENTIAL MORTGAGE, INC. 31 6.44% $10,305
Ixonia Bank 31 6.62% $10,161
KBHS HOME LOANS, LLC 30 5.42% $11,232
SUN WEST MORTGAGE COMPANY, INC. 30 6.23% $10,528
PLAZA HOME MORTGAGE, INC. 29 6.11% $11,836
JET HOMELOANS, LLC 28 5.92% $8,687
CALIBER HOME LOANS, INC. 26 6.27% $12,413
PRIMELENDING, A PLAINSCAPITAL COMPANY 25 6.23% $9,450
RESIDENTIAL WHOLESALE MORTGAGE, INC. 25 6.23% $14,667
TOWNE MORTGAGE COMPANY 25 6.07% $13,343
Bank of Colorado 24 5.92% $13,122
Equity Prime Mortgage LLC 23 6.58% $12,025
NATIONS RELIABLE LENDING, LLC 23 6.38% $9,701
Flagstar Bank, FSB 22 6.50% $12,611
SECURITYNATIONAL MORTGAGE COMPANY 22 6.24% $15,269
U.S. Bank 21 6.24% $13,553
MASON MCDUFFIE MORTGAGE CORPORATION 19 6.82% $12,719
Magnolia Bank 19 5.81% $19,039
First Western Trust Bank 19 6.19% $6,420
AMERISAVE MORTGAGE CORPORATION 19 5.72% $20,494
Elevations Credit Union 18 6.42% $12,574
Barrington Bank & Trust Company, N.A. 18 6.33% $12,228
INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 17 6.48% $18,417
EVERETT FINANCIAL, INC. 17 6.56% $27,903
JPMorgan Chase Bank 17 5.89% $6,624
GENEVA FINANCIAL, LLC 17 6.68% $12,071
CHURCHILL MORTGAGE CORPORATION 16 6.37% $10,488
BNC National Bank 16 5.53% $12,097
LOANPAL, LLC 16 5.76% $18,117
Bank of England 15 6.29% $13,193
MEGASTAR FINANCIAL CORP. 15 6.18% $11,461
AMCAP MORTGAGE, LTD. 15 6.71% $10,791
MID AMERICA MORTGAGE, INC. 15 6.15% $3,498
NOVA FINANCIAL & INVESTMENT CORPORATION 14 6.45% $6,644
Prosperity Home Mortgage, LLC 14 5.85% $8,403
Gateway First Bank 14 6.60% $9,115
PULTE MORTGAGE LLC 14 5.23% $8,395
LEADERONE FINANCIAL CORPORATION 14 6.72% $13,146
HOMEBRIDGE FINANCIAL SERVICES, INC. 14 6.47% $13,586
First Federal Bank 13 6.39% $8,697
Shea Mortgage Inc. 13 5.77% $3,847
HOMESIDE FINANCIAL, LLC 13 6.71% $12,393
Mid-Continent Funding, Inc. 12 6.09% $10,090
VERITAS FUNDING, LLC 12 6.22% $23,767
Sunflower Bank 12 6.25% $9,302
SWBC MORTGAGE CORPORATION 12 6.58% $13,565
ZILLOW HOME LOANS, LLC 11 6.25% $6,891
The Huntington National Bank 11 5.99% $5,454
T2 FINANCIAL LLC 11 6.56% $11,368
Nations Lending Corporation 10 6.60% $12,072
UNION HOME MORTGAGE CORP. 10 6.29% $8,856
SUMMIT FUNDING, INC. 9 6.25% $8,866
THE MORTGAGE COMPANY 8 6.44% $9,389
ON Q FINANCIAL, INC. 8 5.98% $8,526
LAKEVIEW LOAN SERVICING, LLC 8 5.86% $11,409
MICHIGAN MUTUAL, INC. 8 5.94% $8,573
PREMIER MORTGAGE SERVICES, INC. 7 6.32% $9,765
AXIA FINANCIAL, LLC 7 6.55% $8,564
HOME MORTGAGE ALLIANCE, LLC 7 5.86% $5,491
Loan Simple, Inc. 7 6.57% $14,197
CALCON MUTUAL MORTGAGE LLC 7 6.05% $19,960
Carrington Mortgage Services, LLC 6 5.27% $7,950
The Loan Store, Inc. 6 6.16% $11,928
THRIVE MORTGAGE, LLC 6 6.54% $9,778
Lakeview Community Capital, LLC 6 5.77% $13,998
Ameris Bank 6 6.06% $17,703
PHH Mortgage Corporation 6 6.75% $12,166
BOKF 6 6.21% $9,590
FIRST COMMUNITY MORTGAGE, INC. 6 6.13% $14,500
Keystone Funding, Inc. 5 6.15% $12,785
AIR ACADEMY 5 5.88% $15,029
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.58% $8,818
VAN DYK MORTGAGE CORPORATION 5 6.25% $10,481
J. VIRGIL, INC. 5 6.72% $12,241
TBI MORTGAGE COMPANY 5 6.20% $17,217
CITYWIDE HOME LOANS, LLC 5 5.83% $17,890
DAS Acquisition Company, LLC 5 7.05% $11,804
FLAT BRANCH MORTGAGE, INC. 5 6.90% $4,874
OCMBC, INC. 4 6.38% $7,292
NETWORK CAPITAL FUNDING CORPORATION 4 5.97% $9,392
Citizens Bank 4 6.06% $12,512
NATIONS DIRECT MORTGAGE, LLC 4 6.72% $12,476
KeyBank 4 5.94% $7,501
RELIANCE FIRST CAPITAL, LLC 4 5.97% $12,437
Servion, Inc. 4 6.84% $11,120
PREMIA MORTGAGE, LLC 4 5.81% $13,958
LADERA LENDING, INC. 4 6.81% $17,625
CONTOUR MORTGAGE CORPORATION 4 5.69% $18,116
PRIORITY HOME MORTGAGE, L.P. 4 5.37% $17,131
Bank of America 3 6.67% $20,834
HOMESTAR FINANCIAL CORPORATION 3 6.21% $7,420
Bell Bank 3 6.21% $7,294
BMO Harris Bank 3 6.42% $9,068
M2 Lending Solutions, LLC 3 6.38% $13,754
Alpine Bank 3 6.29% $3,542
First Savings Bank 3 6.08% $12,682
First National Bank of Omaha 3 6.67% $8,102
First Federal Bank of Kansas City 3 6.63% $5,577
MORTGAGEONE, INC. 3 7.04% $3,837
Financial Funding Solutions, Inc. 3 6.71% $13,223
Towne Bank 3 6.54% $15,134
North American Savings Bank, F.S.B. 3 5.67% $11,131
NORWICH COMMERCIAL GROUP, INC. 3 6.38% $12,418
SUCCESS MORTGAGE PARTNERS, INC. 3 6.38% $7,493
Strong Home Mortgage, LLC 3 6.04% $10,948
CASTLE & COOKE MORTGAGE, LLC 3 6.38% $15,103
CENTENNIAL LENDING, LLC 3 6.67% $8,349
Cornerstone First Mortgage, Inc 3 6.91% $15,093
Sierra Pacific Mortgage Company, Inc. 3 6.25% $15,404
Independent Bank 3 6.21% $11,053
BROOKHOLLOW MORTGAGE SERVICES, LTD 2 5.13% $2,324
Hometown Equity Mortgage, LLC 2 5.69% $6,295
First Bank 2 6.56% $13,393
MEMBER FIRST MORTGAGE, LLC 2 5.69% $14,685
Credence Funding Corporation 2 5.00% $8,207
Flanagan State Bank 2 6.31% $8,477
Midwest Mortgage Associates Corporation 2 6.13% $16,401
Atlantic Coast Mortgage, LLC 2 6.87% $6,268
STOCKTON MORTGAGE CORPORATION 2 6.50% $20,242
FIRST COLONY MORTGAGE CORPORATION 2 6.88% $7,170
Pacific Lending LLC 2 6.88% $8,761
GERSHMAN INVESTMENT CORP. 2 5.44% $9,556
AMERICAN FINANCIAL RESOURCES, INC. 2 7.06% $4,071
Stifel Bank and Trust 2 5.81% $5,224
SOVEREIGN LENDING GROUP INCORPORATED 2 5.81% $19,329
Peak Financial 2 6.75% $5,240
DIRECT MORTGAGE, CORP. 2 6.00% $19,653
TRISTAR FINANCE, INC. 2 6.38% $5,296
DHA FINANCIAL, LLC 2 6.75% $7,004
ALLIED MORTGAGE GROUP, INC. 2 6.81% $21,391
M&T Bank 2 5.94% $7,654
Zions Bank 2 5.88% $15,319
GREENSTATE CREDIT UNION 2 6.88% $19,615
Farmers Bank & Trust 2 5.19% $14,047
The Union Bank Company 2 6.19% $10,059
NexBank 2 6.31% $5,615
Network Funding, L.P. 1 7.13% $9,104
Allied First Bank,sb 1 6.75% $6,744
American Bank of Commerce 1 6.75% $11,206
AMERICAN INTERNET MORTGAGE, INC. 1 6.38% $2,676
Arbor Bank 1 6.75% $13,336
Arvest Bank 1 6.38% $1,136
Atlantic Union Bank 1 6.25% $14,391
Aurora Financial, LLC 1 6.00% $1,885
BancorpSouth 1 5.88% $11,351
BM Real Estate Services, Inc. 1 7.75% $15,015
CANOPY MORTGAGE, LLC 1 7.38% $32,357
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.75% $8,477
Commerce Bank 1 6.13% $13,098
Community First National Bank 1 5.75% $10,140
CRESCENT MORTGAGE COMPANY 1 5.75% $2,250
EMBRACE HOME LOANS, INC. 1 6.13% $20,271
ENDEAVOR CAPITAL, LLC. 1 6.13% $18,863
FirstBank 1 6.13% $14,269
FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.88% $6,631
First United Bank and Trust Company 1 6.88% $4,207
Franklin Loan Corporation 1 7.13% $10,805
Golden Empire Mortgage, Inc. 1 5.75% $11,348
GoPrime Mortgage, Inc. 1 5.88% $3,520
Hancock Whitney Bank 1 5.00% $8,284
HomePromise Corporation 1 5.75% $20,460
HOMEXPRESS MORTGAGE CORP. 1 6.63% $34,365
IDEAL HOME LOANS LLC 1 6.99% $30,268
INFINITY EQUITY GROUP, INC. 1 6.63% $4,375
KELLER MORTGAGE, LLC 1 5.75% $3,343
Landmark National Bank 1 7.13% $3,002
Leader Bank 1 5.99% $16,182
Legends Bank 1 6.50% $4,948
Lincoln Savings Bank 1 6.00% $19,644
LOANPEOPLE, LLC 1 6.38% $15,714
MANN FINANCIAL INC. 1 7.00% $7,434
Merchants & Marine Bank 1 6.50% $22,323
MOUNTAIN AMERICA 1 6.25% $8,030
Neighborhood Loans, Inc. 1 5.63% $9,674
1ST SIGNATURE LENDING, LLC 1 7.75% $18,125
NP, Inc. 1 7.63% $2,709
Old National Bank 1 5.50% $6,240
OPEN MORTGAGE, LLC 1 6.13% $9,222
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $14,170
PANORAMA MORTGAGE GROUP, LLC 1 7.25% $24,038
Paramount Bank 1 6.75% $9,086
Performance Financial, Inc. 1 7.63% $13,441
PLUS RELOCATION MORTGAGE, LLC 1 6.13% $7,839
PRIORITY HOME LENDING, LLC 1 5.99% $1,598
Renasant Bank 1 6.25% $16,834
RESIDENTIAL BANCORP 1 5.75% $15,788
ROYAL UNITED MORTGAGE LLC 1 6.13% $27,879
SAMMAMISH MORTGAGE COMPANY 1 6.13% $2,261
Service Federal Credit Union 1 5.50% $0
SFMC, LP 1 5.75% $19,525
SIRVA MORTGAGE, INC. 1 5.50% $8,433
SOUTHWEST STAGE FUNDING, LLC 1 6.88% $0
Summit Mortgage Corporation 1 5.25% $4,613
THOMPSON KANE & COMPANY, LLC 1 5.88% $2,565
TOWN AND COUNTRY Credit Union 1 6.25% $18,119
Towne Mortgage, LLC 1 6.75% $17,593
Town Square Mortgage & Investments, Inc. 1 6.25% $1,075
TruHome Solutions, LLC 1 6.63% $6,403
Truist 1 6.10% $11,419
United Fidelity Funding Corp. 1 7.63% $20,078
US MORTGAGE CORPORATION 1 7.13% $15,538
Waterstone Mortgage Corporation 1 5.50% $21,476
WesBanco 1 5.63% $2,674
WESTERRA CREDIT UNION 1 7.50% $26,200
West Gate Bank 1 6.38% $17,767

The top Colorado VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,823 VA loans originated. Their average total fees are $9,987, which is $1,154 higher 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. ($3,498), Shea Mortgage Inc. ($3,847), Wells Fargo Bank ($5,334), The Huntington National Bank ($5,454) and HOMEAMERICAN MORTGAGE CORPORATION ($5,695).

The lowest rate Colorado VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.81%), PULTE MORTGAGE LLC (5.23%), INSPIRE HOME LOANS INC. (5.29%), DHI MORTGAGE COMPANY, LTD. (5.29%) and HOMEAMERICAN MORTGAGE CORPORATION (5.30%).

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.