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Lakewood

Current Mortgage Rates in Lakewood, Colorado

Compare mortgage rates and fees for leading lenders in Lakewood, 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 Lakewood.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Lakewood. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Lakewood, CO as of December 12, 2019
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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 Lakewood, CO Mortgage Rates Compare?

December 12, 2019

The current average rate for a 30 year fixed rate mortgage in Lakewood 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
Lakewood, 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 Lakewood, Colorado?

The median home value for Lakewood, CO (Jefferson County) is $455,440

The median household income for Lakewood, CO (Jefferson County) is $77,468

Based on current mortgage rates and a 10% down payment, you need to make $84,498 per year to buy the median priced home in Lakewood

The home price you can afford to buy based on household income in Lakewood is 92% of the median home value which means housing prices are expensive

Lakewood (Jefferson County) ranks 47 out of 64 counties in Colorado and 3,041 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Lakewood, CO is expensive

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Loan Limits for Lakewood, Colorado

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Lakewood (Jefferson County) below.

Conforming loan limits for Lakewood, CO

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

FHA loan limits for Lakewood, CO

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

VA loan limits for Lakewood, CO

1 unit: $561,200

Additional Mortgage Resources for Lakewood, CO Residents

Mortgage Rates for Colorado Cities

Aurora Mortgage Rates

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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