Colorado Mortgage and Refinance Rates
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Current mortgage rates in Colorado
As of Friday, December 05, 2025, current interest rates in Colorado are 6.57% for a 30-year fixed mortgage and 5.85% for a 15-year fixed mortgage.
In line with national trends, mortgage rates in Colorado have been gradually stabilizing. They’re still much higher than during the pandemic and are expected to remain that way through much of 2026. Like mortgage rates everywhere, the actual rates you qualify for will depend on things like your exact location and credit score. To secure the best mortgage and refinance rates in Colorado, it’s a good idea to shop around and compare offers from at least three lenders.
Refinance rates in Colorado
Refinance rates in Colorado are higher than they've been in recent years, eliminating the savings opportunity for many homeowners. Still, you might have more equity now thanks to higher home values, which could mean cashing out is an option for you.
National mortgage rates by loan type
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.27% | 6.33% |
| 15-Year Fixed Rate | 5.57% | 5.67% |
| 30-Year Fixed Rate FHA | 5.78% | 5.84% |
| 30-Year Fixed Rate VA | 6.14% | 6.18% |
| 30-Year Fixed Rate Jumbo | 6.50% | 6.54% |
Rates as of Friday, December 05, 2025 at 6:30 AM
Colorado housing market statistics and trends
The median single-family home sale price in Colorado was $580,000 in October 2025, according to the Colorado Association of Realtors. That sustained high price, plus today’s higher mortgage rate environment, could make housing affordability a challenge for some buyers, depending on where you’re looking.
The impact of these factors is evident in the number of homes sold in the Centennial State, which was down 2% year over year in October 2025.
- Median single-family home sales price, October 2025: $580,000
- Median condo/townhome sales price, October 2025: $415,000
- Average days on market, October 2025: 68
Source: Colorado Association of Realtors
Mortgage options in Colorado
Known for its outdoor activities and diverse economy, Colorado has experienced strong growth in home prices. If you’re looking to get a mortgage in Colorado, there are several options:
- Colorado conventional mortgages: To qualify for a conventional mortgage, you’ll need a minimum credit score of 620 and a debt-to-income (DTI) ratio of no more than 45%. If you make a down payment of less than 20%, you’ll need to pay private mortgage insurance (PMI), as well.
- Colorado FHA loans: If your credit history disqualifies you from a conventional mortgage, you might be able to obtain a loan insured by the Federal Housing Administration (FHA). If you have a down payment of at least 3.5%, you could qualify for this type of loan with a credit score as low as 580.
- Colorado VA loans: If you’re a veteran or active-duty member of the military, you might qualify for a mortgage guaranteed by the Department of Veterans Affairs (VA). A VA loan doesn’t require a down payment or mortgage insurance, but you do need to pay a funding fee, which ranges from 1.25% to 2.15% to start.
- Colorado jumbo loans: If you’re looking to buy a more expensive property — many of which exist in luxury mountain towns like Aspen, Vail and Telluride — you may want to look into jumbo loans. These mortgages exceed the conforming loan limits and typically require down payments of 10% or more and a credit score of at least 680, although requirements vary among lenders.
First-time homebuyer programs in Colorado
The Colorado Housing and Financing Authority (CHFA) helps connect first-time homebuyers to more affordable loans, as well as down payment or closing cost assistance or both. Here’s an overview of the agency's offerings:
- CHFA Home Purchase Loans: These loans are available through partnering lenders and offer affordable rates, low (or no) mortgage insurance, closing cost support and free homebuyer education classes. To qualify, your income must be within CHFA guidelines, and your credit score must be at least 620. You also must attend an approved homebuyer education course and contribute at least $1,000 toward the home’s purchase.
- CHFA Down Payment Assistance: Depending on what you qualify for through the CHFA, you might be eligible for a grant of up to $25,000 or 3% of your mortgage (whichever is less), or a deferred second mortgage for up to $25,000 or 4% of your first mortgage (again, whichever is less). You don’t have to repay the grant.
Keep in mind that the state’s housing authority isn’t the only option for assistance. Some local programs are available to help low- and moderate-income buyers — including first-time buyers — too. For example, metroDPA is a down payment assistance program for homeowners looking to buy along the Front Range of Colorado.
How to find the best mortgage rate in Colorado for you
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Step 1: Strengthen your credit score
Long before you start looking for a mortgage lender or applying for a loan, give your finances a checkup, and improve your credit score if needed.
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Step 2: Determine your budget
To find the right mortgage, you’ll need a good handle on how much house you can afford.
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Step 3: Know your mortgage options
There are a few different types of mortgages.
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Step 4: Compare rates and terms from several lenders
Rate shop with at least three different banks, credit unions or mortgage companies or all three to get the best deal.
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Step 5: Get preapproved for a mortgage
Getting a mortgage preapproval is the only way to get accurate loan pricing for your specific situation.
Additional Colorado mortgage resources
- Colorado loan limits by county: Learn the conforming loan limit for your city or town.
- Colorado mortgage lenders: Explore mortgage lenders in your state.
- Homeowners insurance in Colorado: Compare policies from multiple providers.
- Mortgages
- Mortgage refinancing
Mortgage rates in other states
- United States
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