Colorado Mortgage Rates
Today's Colorado mortgage rates in Denver, Boulder, Colorado Springs, Fort Collins and the mountain markets including Aspen, Vail, Telluride, and Breckenridge. Below you'll find current purchase and refinance rates on conforming, FHA, and VA loans for Colorado properties. Rates are updated daily. For rates on our other loan programs such as investment property loan rates, renovation loan rates, reverse mortgage rates, DSCR loan rates or Non QM loan rates, please reach out to us for a personalized quote.
Current Mortgage and Refinance Rates in Colorado
| Loan Program | Rate | APR | Fees | Action |
|---|---|---|---|---|
| 30 Year Fixed Conv | 6.125% | 6.244% | $995 | Apply Now |
| 20 Year Fixed Conv | 5.875% | 6.029% | $995 | Apply Now |
| 15 Year Fixed Conv | 5.250% | 5.441% | $995 | Apply Now |
| 30 Year Fixed FHA | 5.500% | 6.322% | $995 | Apply Now |
| 30 Year Fixed VA | 5.500% | 5.788% | $995 | Apply Now |
| 5/1 ARM Conv | 5.750% | 6.243% | $995 | Apply Now |
Rates last updated: May 15, 2026
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 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
Tired of comparing the fine print to see what's the difference between the quotes from various lenders? At Alpine Mortgage we help you get the best deal on your mortgage which is why we offer our Best Rate Guarantee. We find the best rate and fees for you based on your goals and find the best pricing through our many 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 Conforming, FHA and VA loan programs only and does not apply to any other loan programs or offers from credit unions. Our Best Rate Guarantee is subject to change or termination at any time without prior notice.
Real Colorado Borrowers. Real Results.
Two recent Colorado closings where Alpine Mortgage delivered competitive rates and closed on time:
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What Our Colorado Borrowers Say
"We were relocating to Denver and Alpine Mortgage found us a great rate and were always available to answer questions."
"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."
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. Conventional loans baseline conforming loan limit for 2026 is $832,750 for one unit properties in most Colorado counties. You can view the current Colorado Conventional Loan Limits for all counties in Colorado. Conventional loans can be used to buy a primary residence, vacation home or investment property. Available as a 30 year fixed, 20 year fixed, 15 year fixed and an adjustable rate.
Colorado High Balance Conforming Loans. Several Colorado mountain and resort counties such as Eagle, Pitkin, Routt, San Miguel, and Summit have high cost area limits with Eagle county having the highest limit of $1,249,125 for a one unit property in 2026.
Colorado FHA Loans. FHA loans minimum down payment is 3.5% with a minimum credit score of at least 580. 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 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.
CHFA (Colorado Housing Finance Authority) Programs. CHFA administers Colorado's primary first-time-buyer mortgage programs, including CHFA FirstStep and FirstGeneration (tax-exempt bond-funded), CHFA Preferred, and CHFA SmartStep. A separate CHFA DPA Second Mortgage can be paired with a CHFA first mortgage to cover down payment, closing costs and prepaids. Income and purchase price limits apply by county.
| 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
Finding 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). Pay your bills on time, keep your debt low and avoid opening new credit accounts before applying.
Shop Around with a Mortgage Broker
Mortgage rates can vary widely from one lender to another. A Colorado mortgage broker like Alpine can shop multiple wholesale lenders to find the best rates and fees, saving you the time of applying separately at each lender.
Consider a Shorter Term
While 30 year mortgages are most common, opting for a shorter loan term such as a 15 year mortgage can secure a lower interest rate. You'll have higher monthly payments but 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 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 you like consider locking it in. A rate lock guarantees your interest rate for a specified period (usually 30–60 days) and protects you from potential rate increases as you finalize your loan.
Negotiate Seller Concessions
In Colorado's current market, seller concessions toward closing costs are increasingly common. A 3% seller credit can cover most or all of your closing costs particularly valuable for first time buyers stretching to afford the down payment.
Account for High-Cost County Limits
Several Colorado counties qualify as high cost areas with conforming loan limits up to $1,209,750 including Eagle, Garfield, Pitkin (Aspen), Routt, San Miguel and Summit counties. This can mean conventional pricing instead of jumbo on higher loan amounts in mountain resort areas.
Explore CHFA Programs
First time Colorado homebuyers may qualify for Colorado Housing and Finance Authority programs including CHFA Preferred, CHFA FirstStep and CHFA Down Payment Assistance Grant for down payment and closing cost assistance.
Colorado Housing Market Snapshot
Last Updated: May 2026
| Metric | Colorado Statewide | Denver Metro |
|---|---|---|
| Median Single-Family Price | $600,000 | $605,000 |
| Median Condo/Townhome Price | Declining; buyers more selective | Market Softening |
| Year-Over-Year Price Change | -2.2% | +0.2% |
| Average Days on Market | 45-56 days | 14-35 days |
| Active Inventory | 53,000 | 11,539 |
| 30-Year Fixed Rate | 6.3% (Freddie Mac PMMS) | |
| Rate vs. Last Year | -0.39% lower than May 2025 | |
Market Outlook: May 2026 Housing markets across the seven county Denver metro and statewide showed signs of balance and rhythm in Q1 2026 including modest gains in pending and closed sales, stable median home pricing and an uptick in inventory creating a more buyer friendly, negotiation-driven environment heading into the full spring season, according to the Colorado Association of Realtors.
Statewide, the Colorado housing market is moving away from the intense seller's frenzy and entering a more stable, slower and slightly buyer friendly phase, driven by increasing inventory. Active listings statewide have climbed above 53,000, inventory levels not seen since before the pandemic surge.
Sources: Colorado Association of Realtors, Denver Metro Association of Realtors (DMAR), REcolorado, Redfin, Zillow
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 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.
Steven Parangi, Licensed Mortgage Loan Originator (NMLS #76024)
View credentials →CO Mortgage Rates FAQs
Mortgage rates in Colorado can change daily and sometimes multiple times per day. Rates are driven by national financial markets, including U.S. Treasury yields and Federal Reserve policy. Market volatility can cause rate changes even within the same day.
There are several government-backed home loan options available in CO, including FHA loans (which have lower down payment requirements), VA loans (available to veterans and active military), and USDA loans (for rural property buyers).
The process typically starts with getting preapproved before looking at properties. Once a property is selected, a formal mortgage application is submitted. The lender will then conduct an appraisal and then close the loan.
Yes. Mortgage rates can change daily and sometimes multiple times per day based on market conditions.
Yes. Second home rates are higher than primary residence rates. Investment property rates are even higher. Additionally, some mountain condos may require Non-QM financing if they don't meet conventional guidelines which can affect pricing.
CO Mortgage Rates Resources
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