Colorado Mortgage Rates

Rates published by Alpine Mortgage Services (NMLS 56905). Mortgage rates in Colorado vary based on loan type, credit score and down payment. The rates shown above reflect national market pricing and are available to qualified borrowers in Colorado for conventional, FHA and VA loan programs. The advertised rate is based on specific assumptions including loan amount, credit score, down payment and property type. The actual rate you qualify for may vary based on your individual financial profile and other factors. The annual percentage rate (APR) includes the interest rate plus loan origination fees, points and other loan costs.

The conventional rates shown are based on a loan amount of $525,000 and a down payment of at least 25%. The FHA rates shown are based on a loan amount of $675,500 and a down payment of at least 3.5%. The VA rates shown are based on a loan amount of $700,000 and no down payment. CO Mortgage rates are subject to change at any time and are subject to mortgage approval with full documentation of income. All rates shown are for a 30 day rate lock with one discount point on the purchase or rate and term refinance of a single family primary residence with a 740 or higher FICO score.

Colorado Best Rate Guarantee

Do you want the best deal on your mortgage, but are tired of trying to compare the fine print to determine the difference between the quotes prepared by various lenders? At Alpine Mortgage we are committed to helping you secure the best mortgage rate for your home financing needs which is why we offer our Best Rate Guarantee. We search out the best rate and fees based on your goals and find the best pricing available through our large variety of loan programs. 

You are welcome to shop all other local lenders for a better deal. If you can find one, provide us with that lender's signed and dated lock in agreement and Loan Estimate on the day the interest rate is locked in and we will beat that lender's interest rate and/or lender fees. At Alpine Mortgage, your satisfaction is our priority. With our Best Rate Guarantee, you can shop for your mortgage with confidence, knowing that you are getting the best possible interest rate for your mortgage.

Terms and conditions: Our Best Rate Guarantee applies to our fixed rate conventional, FHA and VA loan programs only and does not apply to any other loan programs. Our Best Rate Guarantee is subject to change or termination at any time without prior notice.

What Our Clients Say

★★★★★

"We were relocating to Denver and Alpine Mortgage found us a great rate and were always available to answer questions."
– Cynthia S, Denver, CO

★★★★★

"After comparing several lenders in Colorado Springs, Alpine stood out for their service and competitive rates. Our refinance process was quick and we saved more than expected."
– Robert M, Colorado Springs, CO

Why Choose Alpine Mortgage?

• ✅ Best Rate Guarantee – We Beat Competitor Rates
• ✅ Fast, Simple Pre-Approval Process
• ✅ Licensed Colorado Mortgage Specialists
• ✅ $995 Flat Lender Fee – No Hidden Costs
• ✅ Conventional, FHA, VA and DSCR Loans Available

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Colorado Mortgage Programs

Colorado Conventional Loans. Among the most popular loan programs, conventional loans require a minimum credit score of 620 and a minimum down payment of 3%. Interest rates will vary depending on credit score and down payment. If you put less than 20% down you will also have to pay private mortgage insurance (PMI) which can be paid all at closing or monthly until your equity position in the property is at least 20%. Conventional loans can be used to buy a primary residence, vacation home or investment property and the maximum loan amounts vary by county. You can view the current Colorado Conventional Loan Limits for all counties in Colorado.

Colorado FHA Loans. If your credit history is not good enough for a conventional loan, a FHA loan may be a good option. A FHA loan is a loan that is insured against default by the Federal Housing Administration (FHA). The minimum down payment on a FHA loan is 3.5% with a minimum credit score of at least 580. For borrowers with a credit score as low as 500 it is still possible to get a FHA loan with a larger down payment of at least 10%. Regardless of the amount of your down payment, FHA loans require the payment of mortgage insurance premiums (MIP). FHA loans are available only on a primary residence and the maximum loan amount varies by county. You can view the current Colorado FHA Loan Limits for all counties in Colorado. 

Colorado VA Loans. Backed by the Department of Veteran Affairs, VA loans offer veterans and their families with home loans with no down payment required. VA loans do not have any mortgage insurance but may have a funding fee that is collected at closing. VA loans are only available on a primary residence.

Colorado Non QM Loans. For borrowers that can't qualify for a conventional, FHA or VA loan because of credit issues or income documentation requirements, we offer several different Non QM loan products. For investment properties, we offer our DSCR loan program where qualification is based on the cash flow of the investment property. Our Non QM provides flexibility in lending standards for individuals with unique financial circumstances or credit issues such as a recent bankruptcy or foreclosure. These loans can be used to finance a primary residence, vacation property or an investment property.

Colorado Reverse Mortgage Loans. For homeowners that are 62 years or older a reverse mortgage allows you to access the equity in your home by either receiving a lump sum, fixed monthly payments or a line of credit. Reverse mortgages are only available on a primary residence.

Loan Type	Min. Credit Score	Min. Down Payment
Conventional	620	3.0%
FHA	580	3.5%
FHA Low Score	500	10%
VA	620	None
Non-QM	500	20%

What Affects Mortgage Rates in Colorado?

Colorado mortgage rates are influenced by national economic conditions and borrower-specific factors, along with local housing characteristics unique to the state.

• Loan Type: Conventional, FHA, VA, Jumbo, and Non-QM loans all price differently.
• Credit Profile: Higher credit scores generally qualify for better rates.
• Down Payment: Larger down payments often reduce pricing adjustments.
• Property Type: Condos, townhomes and rural properties may price differently.
• Market Conditions: Colorado’s higher average home values amplify the impact of rate changes.

How to Get the Best Colorado Mortgage Rates

Securing the best mortgage rates in Colorado can impact your overall homeownership costs. Colorado’s high real estate prices mean that even a small difference in interest rates can translate into thousands of dollars in savings over the life of your loan. Here are some steps to help you get the best mortgage rates in Colorado:

Improve Your Credit Score. A higher credit score is one of the most important factors in securing a lower mortgage rate. Most lenders reserve their best rates for borrowers with excellent credit scores (720-850). To boost your credit score pay your bills on time, keep your debt low and avoid opening new credit accounts before applying for a mortgage.

Shop Around. Mortgage rates can vary widely from one lender to another. Make sure to shop around and compare rates and fees from several mortgage companies before you choose. A Colorado mortgage broker can be a helpful resource in this process as they can shop around multiple lenders to find the best rates.

Consider a Shorter Term. While 30 year mortgages are the most common, opting for a shorter loan term such as a 15 year mortgage can help you secure a lower interest rate. You will have higher monthly payments, but you’ll pay less interest over the life of the loan and build equity faster.

Make a Larger Down Payment. A larger down payment can also help you qualify for a better mortgage rate. While it’s possible to buy a home with as little as 3.5% down, putting down at least 20% can help you avoid having to pay private mortgage insurance (PMI) and secure a lower interest rate.

Lock in Your Rate. Mortgage rates can change daily, so once you find a rate that you like, consider locking it in. A rate lock guarantees your interest rate for a specified period (usually 30 to 60 days) and protects you from potential rate increases as you finalize your loan.

Understand the Colorado Mortgage Market. Colorado’s real estate market is competitive and diverse, from the bustling Denver metro area to mountain resort communities like Vail and Aspen to growing cities like Colorado Springs and Fort Collins. Staying informed about current trends and market conditions in Colorado will give you a competitive edge.

Getting the best mortgage rate in Colorado requires research and preparation. By improving your financial standing, saving for a larger down payment, shopping around and considering all your loan options you can get the best mortgage rates in Colorado. Don’t forget to stay informed about market trends as this will also increase your chances of getting a favorable rate.

Colorado Regional Mortgage Markets

Colorado's diverse geography creates distinct real estate markets each with unique considerations for mortgage financing.

Denver Metro Area

The Front Range corridor from Fort Collins through Denver to Colorado Springs represents Colorado's largest housing market. Denver metro home prices have stabilized after years of rapid appreciation with a median price around $580,000 for single family homes. Competition remains strong for well priced properties in popular neighborhoods. Higher conforming loan limits reflect elevated home values but many buyers still need jumbo financing for homes in some areas like Cherry Creek, Highlands and Boulder.

Colorado Springs & Southern Front Range

Colorado Springs offers more affordable housing than Denver while providing access to outdoor recreation and a strong job market anchored by military installations and defense contractors. VA loans are particularly popular here given the significant military and veteran population. The median home price is notably lower than Denver making conventional financing with standard loan limits more common.

Mountain Resort Communities

Ski towns like Vail, Aspen, Breckenridge, Telluride and Steamboat Springs represent Colorado's highest priced real estate. Even modest condos often exceed standard conforming limits making jumbo loans common. Key considerations for mountain property financing:

• Second home vs. primary residence: Different rates and requirements apply
• Condo financing: HOA financial health and owner occupancy ratios affect eligibility
• Seasonal income: Self-employed buyers in tourism industries may need Non-QM options
• High loan limits: Eagle, Garfield, Pitkin, and Summit counties have higher loan limits

Western Slope & Rural Colorado

Communities like Grand Junction, Durango and Montrose offer more affordable housing with different market dynamics than the Front Range. USDA loans may be available in qualifying rural areas. Standard conforming loan limits apply in most Western Slope counties.

Colorado Housing Market Snapshot

Last Updated: February 2026

Metric	Colorado Statewide	Denver Metro
Median Single-Family Price	$580,000	$625,000
Median Condo/Townhome Price	$415,000	$445,000
Year-Over-Year Price Change	-2.3%	-1.8%
Average Days on Market	45 days	38 days
30-Year Fixed Rate (Feb 2026)	6.1% (Freddie Mac PMMS)
Rate vs. Last Year	0.9% lower than Feb 2025

Market outlook: Colorado home prices have stabilized after years of strong appreciation. While prices remain elevated by historical standards the slight year-over-year decline has improved affordability for buyers. Mortgage rates have eased from 2024 peaks creating opportunities for both first-time buyers and those looking to refinance.

Sources: Colorado Association of Realtors, Freddie Mac Primary Mortgage Market Survey

Colorado Jumbo Loan Rates

Some buyers need jumbo financing that exceeds conforming loan limits particularly in Denver, Boulder and mountain resort communities.

When You Need a Jumbo Loan in Colorado

Location	Jumbo Threshold (1-Unit)
Colorado Springs, Pueblo	Above $832,750
Denver Metro	Above $862,500
Boulder County	Above $879,750
Vail, Beaver Creek	Above $1,249,125

Colorado Jumbo Loan Requirements

• Down payment: Typically 20% minimum (varies by loan amount)
• Credit score: Usually 700+ preferred, some options at 680+
• Reserves: 6-12 months of mortgage payments in liquid assets
• Debt-to-income: Generally 43% or lower

Jumbo rates are currently competitive with conforming rates in many cases. Get a personalized jumbo rate quote for your Colorado property.

Financing Mountain & Vacation Properties in Colorado

Whether you're buying a ski condo in Breckenridge, a cabin near Estes Park or a vacation home in Telluride financing mountain properties in Colorado involves unique considerations.

Second Home Financing:

• Must be suitable for year round use
• You must occupy the property part of the year
• Down payment: Typically 10% minimum
• Interest rates: Slightly higher than primary residence (usually 0.25-0.50%)
• Cannot be rented out full time (short term rental may be allowed)

Investment Property Financing:

• Properties intended primarily for rental income
• Down payment: Typically 20% minimum
• Interest rates: Higher than primary or second home
• For properties with significant rental history, our DSCR loan program qualifies based on rental income

Condo Financing in Ski Areas

Many mountain condos face additional financing requirements:

• HOA review required: Lenders evaluate the condo association's finances, reserves and owner occupancy ratio
• Non-warrantable condos: Some ski area condos don't meet Fannie Mae guidelines due to hotel-style management, excessive investor ownership or pending litigation. We offer Non-QM options for these properties.
• Higher insurance costs: Mountain properties may have elevated insurance requirements

Have questions about financing a Colorado mountain property? Contact our team for guidance on your specific situation.

Colorado Refinance Rates

Colorado homeowners consider refinancing for different reasons. Staying up-to-date on Colorado refinance rates is important as economic shifts greatly impact the housing market and can influence the timing and benefits of refinancing. Several factors including the broader economy, government policies and financial market dynamics affect refinance rates in Colorado.

Strategies for CO Homeowners Considering Refinancing

For homeowners contemplating refinancing here are some strategies for Colorado homeowners to consider when evaluating refinance rates:

• Assess your financial situation: Ensure that refinancing aligns with your current financial goals and circumstances.
• Examine all costs: Look beyond the advertised interest rates and consider all associated fees to understand the total cost of refinancing.
• Plan for the future: Consider how long you plan to stay in your home since this can influence the cost effectiveness of refinancing.
• Monitor economic indicators: Stay informed about economic trends that could indicate shifts in interest rates, helping you choose the best time to refinance.
• Rate locks: Consider locking in a rate during periods of favorable rates to maximize potential savings.

Refinancing can help in many ways like lowering monthly payments, changing loan terms or getting equity from your property. Increasing Colorado refinance rates and mortgage interest rates are a challenge for homeowners. If you're thinking about refinancing, consider how the current rates balance with gaining from your home's equity. Careful thinking and clear calculations are important when deciding to refinance today.

Cash Out Refinance in Colorado

Colorado's high home values and competitive mortgage market make cash out refinances a popular option for homeowners.

• Substantial Home Equity: With some of the highest home prices in the nation, many Colorado homeowners have built up significant equity in their properties. This equity can be leveraged through a cash out refinance to access funds for various financial goals.
• Competitive Lending Environment: Colorado's mortgage market is highly competitive with numerous lenders offering cash out refinance options. This competition can lead to favorable terms and interest rates for borrowers.
• Potential Tax Benefits: Colorado homeowners may be able to deduct the interest paid on their cash out refinance, providing a potential tax benefit. However, it's essential to consult with a tax professional to determine eligibility.
• Diverse Housing Market: Colorado's housing market is diverse with a mix of single family homes, condominiums and multi-unit properties. Experienced lenders can help navigate the cash out refinance process for these various property types.

When considering a cash out refinance in Colorado, it's important to work with a refinance lender that can help guide you through the process and ensure that you're making the best decision for your financial future.

30 Year Fixed and 15 Year Fixed Rates in CO

The two most common types of mortgages in Colorado are 30 year fixed and 15 year fixed mortgages. The 30 year fixed mortgage is by far the most popular choice. The main advantage of a 30 year mortgage is the lower monthly payments as opposed to a shorter term loan. This can make owning a home more affordable especially for first time buyers or those with other financial obligations. Knowing the estimated monthly payment for a 30 year fixed mortgage can also help homeowners better understand their cash flow and financial situation. This can be especially useful for budgeting and long term financial planning as it gives a clear idea of the monthly expense for the duration of the loan. 15 year fixed loans have lower interest rates for those that can afford the higher mortgage payment because of the shorter amortization period. We offer 30 year fixed and 15 year fixed loan choices on our conventional, FHA, VA and Non QM loan products.

Choosing between a 30 Year Fixed and a 15 Year Fixed

• Financial Stability and Cash Flow. If you prefer lower monthly payments for better cash flow management, a 30 year mortgage might be the better choice. It allows more flexibility in budgeting and provides the opportunity to invest surplus funds in other ventures that may offer higher returns.
• Total Cost and Interest. If you can afford higher monthly payments without undue financial strain, a 15 year mortgage will save you money in the long run due to lower interest rates and less total interest paid.
• Equity Building. A 15 year mortgage helps build equity faster, which is beneficial if you plan to sell the home after a few years or leverage the equity for other financial needs.

CO Mortgage Rates FAQs

CO Mortgage Rates Resources

• Mortgage Rate Forecast
• Top Reasons to Refinance in Today's Market
• Fixed Vs. Adjustable Mortgage Rates