Compare mortgage rates and fees for leading lenders in Denver, CO. 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 lender offering the best mortgage rates in Denver.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Denver. Plus, shopping lenders is free and there is no obligation.
October 23, 2019
The current average rate for a 30 year fixed rate mortgage in Denver is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Denver, CO is $440,932
The median household income for Denver, CO is $61,935
Based on current mortgage rates and a 10% down payment, you need to make $81,807 per year to buy the median priced home in Denver
The home price you can afford to buy based on household income in Denver is 76% of the median home value which means housing prices are very expensive
Denver ranks 59 out of 64 counties in Colorado and 3,098 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Denver, CO is very expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Denver below.
Conforming loan limits for Denver, CO
FHA loan limits for Denver, CO
VA loan limits for Denver, CO
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index