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Denver

Current Mortgage Rates in Denver, Colorado

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.

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Mortgage Rates in Denver, CO as of December 14, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Denver, CO Mortgage Rates Compare?

December 14, 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%

Mortgage Program
Today's
Denver, CO Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Denver, Colorado?

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

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Loan Limits for Denver, Colorado

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

1 unit: $561,200
2 units: $718,450
3 units: $868,400
4 units: $1,079,250

FHA loan limits for Denver, CO

1 unit: $561,200
2 units: $718,450
3 units: $868,400
4 units: $1,079,250

VA loan limits for Denver, CO

1 unit: $561,200

Additional Mortgage Resources for Denver, CO Residents

Mortgage Rates for Colorado Cities

Aurora Mortgage Rates

Boulder Mortgage Rates

Brighton Mortgage Rates

Castle Rock Mortgage Rates

Colorado Springs Mortgage Rates

Denver Mortgage Rates

Fort Collins Mortgage Rates

Greeley Mortgage Rates

Lakewood Mortgage Rates

Pueblo Mortgage Rates

Sources

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