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.
February 25, 2020
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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Denver. Understand how much you need to earn to afford a home in Denver, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Denver 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 Denver is right for you.
The median home value for Denver, CO is $463,419
Based on current mortgage rates and a 10% down payment, you need to make $83,403 per year to buy the median priced home in Denver
With this income, you could qualify for a $417,077 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 Denver is $1,931
The median household income for Denver, CO is $63,382
Based on this income, you can afford a home valued at approximately $352,172
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 3,097 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