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Denver

Compare Current Denver, Colorado Mortgage Rates

Compare Denver, 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 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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Denver, CO Mortgage Rates as of May 26, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Denver, CO Mortgage Rates

May 26, 2022

Current mortgage rates in Denver, CO are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Denver, CO Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.250%
15 Year Fixed Rate
%
4.430%
5/1 Adjustable Rate Mortgage
%
4.080%

How Affordable is Housing in Denver, Colorado?

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 $558,928

Based on current mortgage rates and a 10% down payment, you need to make $91,578 per year to buy the median priced home in Denver

With this income, you could qualify for a $503,035 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 $2,121

The median household income for Denver, CO is $81,764

Based on this income, you can afford a home valued at approximately $499,027

The home price you can afford to buy based on household income in Denver is 89% of the median home value which means housing prices are expensive. Denver ranks 52 out of 64 counties in Colorado and 3,074 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 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: $684,250
2 units: $875,950
3 units: $1,058,850
4 units: $1,315,900

FHA loan limits for Denver, CO

1 unit: $684,250
2 units: $875,950
3 units: $1,058,850
4 units: $1,315,900

VA loan limits for Denver, CO

1 unit: $684,250

Additional Mortgage Resources for Denver, CO Residents

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