Compare Colorado Springs, CO mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Colorado Springs.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Colorado Springs. Plus, shopping lenders is free and there is no obligation.
September 11, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Colorado Springs. Understand how much you need to earn to afford a home in Colorado Springs, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Colorado Springs fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Colorado Springs is right for you.
The median home value for Colorado Springs, CO (El Paso County) is $441,271
Based on current mortgage rates and a 10% down payment, you need to make $92,056 per year to buy the median priced home in Colorado Springs
With this income, you could qualify for a $397,144 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Colorado Springs is $2,132
The median household income for Colorado Springs, CO (El Paso County) is $80,587
Based on this income, you can afford a home valued at approximately $386,291
The home price you can afford to buy based on household income in Colorado Springs is 88% of the median home value which means housing prices are expensive. Colorado Springs (El Paso County) ranks 38 out of 64 counties in Colorado and 2,935 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Colorado Springs, CO is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Colorado Springs (El Paso County) below.
Conforming loan limits for Colorado Springs, CO
FHA loan limits for Colorado Springs, CO