Colorado Mortgage and Refinance Rates

As of Saturday, July 24, 2021, current rates in Colorado are 2.99% for a 30-year fixed, 2.30% for a 15-year fixed, and 2.96% for a 5/1 adjustable-rate mortgage (ARM).

We’ll help you find Colorado mortgage and refinance rates well below the national average so you can apply and start saving on your home today.

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

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Loan Terms for Customers: Advertisers may have different loan terms on their own website from those advertised through To receive the rate, you must identify yourself to the Advertiser as a customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $548,250 May Have Different Loan Terms: If you are seeking a loan for more than $548,250, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

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Colorado mortgage overview

By Jeff Ostrowski

High home prices can impact the type of loan and down payment you’ll need if you’re getting for a mortgage in Colorado. Statewide, the median home value (as of November 2019) was just under $400,000 — which is safely below the $510,400 baseline limit for mortgages in Colorado in 2020. This means you can easily shop for conventional mortgages. If you qualify for a VA loan, most limits set for cities exceed this median home price. However, you’re considering an FHA loan, be aware that some counties have FHA loan limits that are below this median price.

Many properties, especially in high-demand areas such as Denver, can exceed the county limit for conforming mortgages. Though many counties with more expensive real estate have been able to set a higher limit for conforming mortgages.

Still, if the home of your dreams exceeds the limit, you’ll need to consider a jumbo mortgage. These loans often have higher down payments and different financial requirements than traditional mortgages (like being able to show 6-12 months of income in a bank account), depending on the lender.

First-time homebuyer programs in Colorado

The Colorado Housing and Financing Authority (CHFA) offers loans and down payment and/or closing cost assistance for qualifying first-time homebuyers.

  • CHFA’s home purchase 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, buyers must have an income that falls within CHFA guidelines, a mid-credit score minimum of 620, a maximum debt-to-income ratio of 50 percent and limited savings for a down payment or closing costs.
  • CFHA’s down payment assistance grant can cover up to 3 percent of the amount of a 30-year CHFA mortgage. (The money can also be used to cover closing costs.) The grant does not have to be repaid.

Colorado mortgage refinancing

If you’re thinking about refinancing your Colorado mortgage, you’ll have to provide a reason or purpose on your application per the Code of Colorado Regulations. Don’t worry about providing an essay — you can simply provide any reason for your refinance, and it can be as straightforward as wanting to save money.