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 -0.1% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.31% and one month ago for the week of 2024-10-11, the average rate was 5.68%.

    The average rate one year ago was 7.27%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.33%.

    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.