Cañon City VA Loan Rates, Closing Costs & Stats

Cañon City, CO

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Cañon City's 50 lenders originated 182 VA loans during 2024. The total origination value was $65,180,000, with an average VA loan value of $358,132.

    Cañon City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Cañon City averaged 6.89% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Cañon City's average VA mortgage closing costs are $6,310.

    The average rate for the prior week (2025-07-11) was 6.68% and one month ago for the week of 2025-06-13, the average rate was 6.66%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.29%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Cañon City VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Cañon City level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 36 5.92% $7,689
    Mortgage Research Center, LLC 26 6.21% $6,945
    QUICKEN LOANS, LLC 12 5.88% $8,740
    FREEDOM MORTGAGE CORPORATION 11 6.31% $11,522
    The Central Trust Bank 6 6.71% $8,963
    NAVY FEDERAL CREDIT UNION 6 5.85% $4,247
    PLANET HOME LENDING, LLC 5 6.05% $8,246
    GUARANTEED RATE, INC. 4 5.84% $4,763
    Ent Credit Union 4 5.69% $7,502
    CLEARPATH LENDING 4 5.88% $7,767
    NEW DAY FINANCIAL, LLC 4 7.37% $15,261
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.67% $21,805
    Paramount Residential Mortgage Group, Inc. 3 6.00% $7,589
    PENNYMAC LOAN SERVICES, LLC 3 6.08% $10,763
    GUILD MORTGAGE COMPANY 3 6.46% $22,889
    FIRST MORTGAGE COMPANY, INC. 2 6.00% $7,246
    THE MORTGAGE COMPANY 2 6.69% $13,424
    USAA Federal Savings Bank 2 6.56% $2,379
    J. VIRGIL, INC. 2 6.88% $2,846
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.44% $9,485
    MEGASTAR FINANCIAL CORP. 1 6.00% $8,340
    NFM, INC. 1 5.63% $8,054
    Peak Financial 1 5.25% $12,965
    SUN WEST MORTGAGE COMPANY, INC. 1 5.38% $6,119
    T2 FINANCIAL LLC 1 6.75% $6,641
    The Federal Savings Bank 1 6.50% $15,114
    Towne Bank 1 6.50% $5,461
    UNION HOME MORTGAGE CORP. 1 6.13% $13,114
    VILLAGE CAPITAL MORTGAGE 1 6.25% $7,887
    Wallick & Volk, Inc. 1 6.63% $9,280
    LOANDEPOT.COM, LLC 1 5.99% $7,315
    AMERICAN FINANCING CORPORATION 1 5.75% $5,184
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.99% $22,474
    AXIA FINANCIAL, LLC 1 6.25% $10,029
    BAY EQUITY LLC 1 5.25% $4,563
    BROKER SOLUTIONS, INC. 1 5.88% $3,585
    CANOPY MORTGAGE, LLC 1 6.50% $16,085
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $8,061
    Equity Prime Mortgage LLC 1 6.50% $8,712
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $15,980
    FIRST COLONY MORTGAGE CORPORATION 1 5.75% $3,062
    First Federal Bank 1 6.13% $8,228
    GoPrime Mortgage, Inc. 1 7.00% $3,440
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.75% $13,612
    HOMESIDE FINANCIAL, LLC 1 7.63% $6,089
    Ixonia Bank 1 6.75% $16,863
    JPMorgan Chase Bank 1 7.25% $5,208
    LAKEVIEW LOAN SERVICING, LLC 1 5.63% $8,973
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $3,925
    Magnolia Bank 1 6.25% $12,540

    The top Cañon City VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 36 VA loans originated. Their average total fees are $7,689, which is $743 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Cañon City VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,945), UNITED WHOLESALE MORTGAGE, LLC ($7,689), QUICKEN LOANS, LLC ($8,740), FREEDOM MORTGAGE CORPORATION ($11,522) and .

    The lowest rate Cañon City VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.88%), UNITED WHOLESALE MORTGAGE, LLC (5.92%), Mortgage Research Center, LLC (6.21%), FREEDOM MORTGAGE CORPORATION (6.31%) and .

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.