Today's Mortgage Rates in Colorado

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Updated: July 18, 2024

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Today's 30-year mortgage rate in Colorado is 6.96%, nearly matching the national average of 6.9%. Homebuyers can access programs like Colorado's CHFA Program Loans and Down Payment Assistance Grant to lessen mortgage expenses.

MoneyGeek uses publicly available data from Zillow for the rates on this page. Mortgage rates shift daily, and we take a snapshot of rates to analyze rate information for Colorado. We update the data frequently to ensure you have access to the most recent rates, but the values may differ slightly between reporting sources.

Unless specifically noted otherwise, rates featured in the content are annual percentage rates (APRs).

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This data was last updated on July 2, 2024.

Current Mortgage Rates in Colorado

In July 2024, the average APR for a 30-year fixed-rate mortgage in Colorado is 6.96%, up from 6.72% the previous month. For a $250,000 loan with a 20% down payment, this rate hike could add $11,526 in total interest over the life of the loan, excluding property taxes or HOA fees.

Rates shift frequently due to changing economic conditions and Federal Reserve policies. The line chart below shows the recent monthly changes in mortgage rates.

Current Mortgage Rates in Colorado (Jan to May)

Even small changes in mortgage rates can significantly impact your finances. Stay updated on Colorado's current rates to calculate your potential monthly payments and budget effectively.

Who Needs to Know Current Mortgage Rates in Colorado?

Understanding today's mortgage interest rates in Colorado benefits first-time buyers and experienced investors in the housing market.

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    First-time homebuyers

    First-time homebuyers in Colorado can use current mortgage rates to compare offers and find the best rates.

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    Homeowners with mortgages

    Colorado homeowners may consider a mortgage refinance if current rates are lower than what they're paying.

Purchase and refinance rates can differ significantly. The current rate for a 30-year fixed mortgage in Colorado is 6.96%, while the APR for refinancing is 8.15%.

Current Mortgage Rates in Colorado by Loan Type

A 30-year fixed mortgage usually has a higher interest rate than a 15-year fixed-rate mortgage. Lenders charge more for a longer loan term because of its increased risk of non-payment and potential changes in interest rates.

When exploring mortgage types in Colorado, remember that your financial situation will influence the rates you're offered. Use a mortgage calculator to understand how these rates affect your monthly payments.

Data filtered by:Results filtered by:
Loan Type:
Loan Type:10-Year Fixed
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The interest rate is the yearly cost of borrowing money for a mortgage. Colorado's current interest rate for a 30-year fixed mortgage is 6.87%.

The APR (annual percentage rate) includes the interest rate and additional mortgage fees. Colorado's average APR for a 30-year fixed mortgage is 6.96%, providing a comprehensive view of your yearly borrowing cost.

Current Mortgage Rates in Colorado by Credit Score

In Colorado, if your credit score is 740 or higher and you make a 5% to 20% down payment, you'll see an average APR of 7.16% for a 30-year fixed mortgage. If your score is below 680, the rate increases to 7.85% for the same term.

Your credit score directly impacts your mortgage rates. The table below shows the rates you could qualify for based on your credit score and down payment:

Data filtered by:Results filtered by:
Credit Score Range:
Credit Score Range:680 - 740
Down Payment:
Down Payment:20% or higher
10-year FixedAPR5.98%
15-year FixedAPR6.25%
20-year FixedAPR6.91%
30-year FixedAPR7.16%
5-year ARMAPR7.82%
7-year ARMAPR7.66%

Mortgage Types in Colorado

In July 2024, 30-year fixed-rate VA loans had the lowest average APR for 30-year fixed-rate mortgages in Colorado at 6.46%. Understanding the different mortgage options can help you make homebuying decisions that suit your financial situation and lead to substantial savings. Explore the mortgage types available in Colorado:

Mortgage Type
Impact on Rates
30-Year Rates in Colorado

Conventional Loans

Conventional loans are private loans that are not insured or guaranteed by the government.

Conventional loan rates may fluctuate with market conditions and borrower creditworthiness.


FHA Loans

FHA loans are backed by the Federal Housing Administration and designed for lower credit scores.

FHA loan rates are generally lower to help first-time and lower-credit-score buyers.


VA Loans

VA loans are guaranteed by the Department of Veterans Affairs and available to service members.

VA loan rates are typically lower because of the government guarantee.


USDA Loans

USDA loans are backed by the US Department of Agriculture and are used to finance homes in some rural regions.

USDA loan rates can be lower due to government backing and are designed to help rural homebuyers.

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Jumbo Loans

Jumbo loans exceed the conforming loan limits set by the Federal Housing Finance Agency.

Jumbo loan rates are often higher due to the greater risk associated with larger loans.


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Mortgage rates are of two types: fixed and adjustable.

  • Fixed rates stay the same for the entire loan term, ensuring consistent monthly payments for better budget planning.
  • Adjustable rates fluctuate over time, potentially lowering payments when interest rates drop.

As of July 2024, Colorado's average APR for a 30-year fixed mortgage is 6.96% and 7.31% for a 7-year adjustable-rate mortgage.

Mortgage Lenders in Colorado

U.S. Bank, Better and Rocket Mortgage are solid home financing options in Colorado, chosen for their state availability, Better Business Bureau accreditation and homeowner assistance programs. Numerous other lenders might fit different financing needs.

Mortgage rates in Colorado vary by lender, each offering various mortgage options and terms. Comparing options can help you secure the best deal.

  • U.S. Bank

    • 6Number of Mortgage Options
    • YesOnline Application
    • NRBBB Rating
    • Monday to Friday, 7 am to 8 pm CT Saturday, 8 am to 2 pm CTCustomer Service Hours

    U.S. Bank offers various mortgage products, including conventional, FHA, VA, jumbo, investment property and construction loans. For traditional and FHA loans, minimum credit scores start at 660 for jumbo loans and as low as 640 for FHA. Low down payments are also available — just 3% for conventional loans and 3.5% for FHA. Veterans may qualify for VA loans with no down payment required. U.S. Bank is also a top lender for HELOCs, even for those with bad credit in most states.

    Customer service is available via video chats, phone calls and in-person visits Monday through Friday from 7 a.m. to 8 p.m. CT and Saturday from 8 a.m. to 2 p.m. CT. The bank supports homeowners facing financial challenges with forbearance, repayment plans, loan modifications and payment deferral options.


    • Diverse mortgage products
    • Online prequalification available
    • Incentives for existing customers


    • BBB rating not established
    • Limited state branch access
    U.S. Bank

  • Better

    • 4Number of Mortgage Options
    • YesOnline Application
    • B+BBB Rating
    • Monday to Friday, 8 am to 9 pm ET Saturday and Sunday, 9 am to 9 pm ETCustomer Service Hours

    Better offers online mortgage services with fixed-rate and adjustable-rate options. Minimum credit scores are 620 for fixed-rate and 580 for FHA loans. Down payment requirements are 3–5% for conventional loans, 3.5% for FHA loans, 10% for credit scores below 580 and 25% if a co-borrower won't live in the property.

    Phone and email customer support is available Monday through Friday, 8 a.m. to 9 p.m. ET and weekends from 9 a.m. to 9 p.m. ET. The lender's Better Real Estate assists with the homebuying process.


    • Fast closing times, beating the industry average
    • No loan officer commission fees
    • Weekend support available


    • No in-person support
    • No VA and USDA loans
    • B+ rating with the BBB

  • Rocket

    • 4Number of Mortgage Options
    • YesOnline Application
    • A+BBB Rating
    • Monday to Friday, 8:30 am to 9:00 pm ET Saturday, 9:00 am to 4:00 pm ETCustomer Service Hours

    Rocket Mortgage offers various loans, including conventional and FHA. Minimum credit scores start at 580 for FHA loans and 620 for conventional loans. Homebuyers can benefit from low down payments, with FHA loans requiring as low as 3.5% and conventional loans starting at 3%.

    Phone and chat support is available from Monday to Friday, 8:30 a.m. to 9 p.m. ET, and Saturdays from 9 a.m. to 4 p.m. ET. The lender offers ONE+ and Freddie Mac BorrowSmart Access programs for additional homebuyer assistance.


    • Online prequalification
    • Special homebuyer programs
    • Sunday loan advice via phone and chat


    • No physical branches
    • No USDA loans

Mortgage Programs in Colorado

Owning a home involves hidden costs. The Colorado Housing and Finance Authority (CHFA) offers two mortgage programs to help you manage them.


Assist in down payment and closing costs. Applicants need a minimum credit score of 620 and must meet income guidelines. A homebuyer education class and a $1,000 home purchase contribution are required.

Offers up to $25,000 to cover part of the down payment on a new home. This grant doesn't need to be repaid, making it easier for homebuyers to afford a mortgage.

FAQ: Mortgage Rates in Colorado

Understanding today's mortgage rates in Colorado can be challenging for homebuyers. We've answered common questions to guide you through your financing options.

What are the current mortgage rates in Colorado?
How do mortgage rates in Colorado compare to national rates?
How does my credit score impact the mortgage rates I get in Colorado?
Are there any special mortgage programs in Colorado to help homebuyers?
How can I get the best possible mortgage rate in Colorado?
What are today's mortgage refinance rates in Colorado?
How do I calculate my mortgage payments?

About Zachary Romeo

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Zachary Romeo is the Head of Loans and Banking at MoneyGeek, with over 10 years of experience and forthcoming certification as a Commercial Banking and Credit Analyst (CBCA). Previously, he led production teams for some of the largest online informational resources in higher education.

Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt through people-first content.