Best Mortgage Lenders in Colorado in 2018

The best mortgage lenders in Colorado vary based on what you're looking for in a home loan. Lenders specialize in different mortgage types to cater to specific consumers. You can read more about the top lenders in Colorado or get a rate from the lenders in our table below.

LenderInterest RateAPRLoan FeesMonthly Payment
Accelin Loans LLC4.250%4.311%$1,449.00$983.88
Direct Lending4.250%4.321%$1,690.00$983.88
Fortune Financial, Inc.4.250%4.329%$1,875.00$983.88
Earnest Home LLC4.375%4.375%$0.00$998.57
CF Bank4.375%4.375%$0.00$998.57
LenderAPRLoan Fees
Accelin Loans LLC4.311%$1,449.00Learn More
Direct Lending4.321%$1,690.00Learn More
Fortune Financial, Inc.4.329%$1,875.00Learn More
Earnest Home LLC4.375%$0.00Learn More
CF Bank4.375%$0.00Learn More

The estimates above are for a $250,000 home using a 30-year fixed rate mortgage with 20% down payment and a 740 credit score in Colorado. Click on one of the lenders above or find out our mortgage lender recommendations in the state.

Best Mortgage Lenders in Colorado

See Mortgage Rate Quotes for Your Home


When we looked at the interest rates for a standard 30-year home loan in Colorado, the online quotes from smaller companies stood out from those at larger banks. However, we recommend that you consider factors besides the lowest mortgage rate when you choose a mortgage lender. We selected the best lenders in each category to provide a fuller picture of options available in the Centennial State.

Best Mortgage Lender for First Time Homebuyers: Quicken Loans

Consider this if you want low upfront costs and good customer service.

For first-time home purchases in Colorado, we recommend Quicken Loans for its competitive rates, low fees and an online-only business structure that gives you more control over the loan origination process.

FHA Loans in Colorado

LenderRateAPRMonthly P+I
Quicken Loans3.63%4.98%$660
Wells Fargo5.13%6.23%$789
U.S. Bank3.75%4.81%$670

Estimates for a $150,000 FHA purchase loan with 3.5% down payment and 740 credit score

We've found that Quicken's Rocket Mortgage program outperforms competing lenders in many other states, and Colorado is no different. It's the best available combination of mortgage affordability and online resources for newer first-time homebuyers. While Quicken's online-only business means that you don't have the option to meet with a loan officer in person, that hasn't stopped the company from ranking at the top of JD Power's most recent surveys of consumer satisfaction in mortgage originations and servicing.

If you're a new buyer who's concerned with keeping your upfront costs as low as possible, Quicken's version of the FHA loan came with the lowest interest rates we found in Colorado. While the interest rate on an FHA loan is affected by your personal income and credit score as much as it's affected by your choice of lender, the FHA program is designed to allow down payments as low as 3.5% of the loan balance. With Rocket Mortgage's lower rates, this lower requirement helps aspiring homeowners save money that can be put towards a larger property or other closing costs like homeowner's insurance.

Best Online Mortgage Lender: Guaranteed Rate

Consider this if you're looking to use an online lender with a diverse selection of mortgage products.

Guaranteed Rate is our choice as the best online mortgage lender currently available to most Coloradans: though we recognize Quicken Loans as another great online option in the state, we found that Guaranteed Rate maintained a more helpful website and online tool for estimates. Guaranteed Rate's diversity of products also helps it connect with a wider range of borrowers, especially those who may still be undecided on the type of home loan they want.

Guaranteed Rate Mortgage Loans

Loan TypeRateAPRMonthly P+I
30-Year Fixed4.00%4.87%$1,152
30-Year FHA Loan3.75%4.88%$1,137
30-Year VA Loan3.75%4.09%$1,117
15-Year Fixed3.63%4.34%$1,740
5/1 FHA ARM4.00%4.50%$1,172

Estimates for a $250,000 purchase loan with 20% down payment and 740 credit score. The APR and monthly costs for ARMs can increase based on changes in the index rate

The biggest advantage at Guaranteed Rate is how much information you can gather about its products in such a short amount of time. Where most direct lenders use their websites as a means of collecting your email and phone number for one-on-one dealing, Guaranteed Rate goes a step further and also includes a convenient way to see a general summary of your options. The company's site to input your home value, down payment and credit score range in order to see customized quotes on multiple mortgage types.

Even if you're more concerned about loan expenses than convenience, Guaranteed Rate's mortgage costs generally beat the quotes we got from brick-and-mortar lenders in Colorado. Both its interest rates and its loan fees tend to benefit from the fact that it costs much less to operate as an online-only lending business. Like Quicken and other new mortgage companies, Guaranteed Rate is able to pass those savings on in an effort to attract customers willing to trade face-to-face service for a cheaper home loan.

Best Lender for In-Person Service in Colorado: U.S. Bank

Consider this if you'd prefer to complete your mortgage in person with a home loan officer.

Among the major consumer banks with branches in Colorado, U.S. Bank proved to be the most convenient choice for a homebuyer who wants in-person origination service from a licensed mortgage loan officer. With hundreds of bank locations from Denver to Grand Junction and most points in between, this bank brings you the best balance of branch access and loan product choices.

Mortgage Loans at U.S. Bank

Loan TypeRateAPREstimated Monthly PaymentCost to Close
30-Year Fixed4.00%4.07%
20-Year Fixed3.88%3.97%$1,439$8,673
10-Year Fixed3.25%3.37%$2,345$8,012

Agency loan estimates for a $250,000 loan with 20% down payment and 750 credit score.

While it can't compete with Chase, Bank of America or Wells Fargo on a national scale, U.S. Bank has better service coverage in Colorado than any of its bigger rivals. For people who find it crucial to connect with a real person as part of their mortgage experience, it's difficult to find a mortgage lender that's as accessible as U.S. Bank within the state. Direct lenders and online businesses may offer better rates or no-fee loans, but they can't match the reach of U.S. Bank's brick-and-mortar network.

map of US Bank branches, by county

U.S. Bank also makes sense for people who already rely on it for checking account and savings account services. Having your mortgage balance with the bank would make it much easier to manage if you establish automatic payments between your U.S. Bank deposit and loan accounts. In addition, you may find that your loan offer from U.S. Bank will be more favorable if you already have a banking relationship there. Since it's important for local branches to broaden connections with existing customers, they may be willing to offer you a preferential interest rate in an effort to keep your business.

Best Lender for a VA Home Loan: J.G. Wentworth

Consider this if you want a convenient online VA mortgage lender.

J.G. Wentworth isn't Colorado's biggest or oldest VA lender, but it gives veterans and active servicemembers the ideal balance of interest rate and closing costs. It allows you to add the usual upfront VA funding fee into your mortgage balance, an important feature which minimizes the money you'll need to pay at closing.

Best VA Lenders in Colorado

LenderMortgage RateAPRMonthly P+IEstimated Points and Fees
J.G. Wentworth3.75%3.94%$1,042$949
Quicken Loans3.63%4.09%$1,027$4,867
Navy Federal3.38%3.55%$995$9,315
Wells Fargo4.00%4.19%$1,074$3,084

Fixed-rate estimates for a 30-year VA loan of $225,000 with 0% down payment, 2.15% VA funding fee and credit score of 740

J.G. Wentworth is best-known for offering structured settlements, but its recent entry into mortgage lending brings competitive value to the market for VA loans in Colorado. Larger VA-centric lenders like USAA and Navy Federal have lower interest rates and bigger reputations for good service, but J.G. Wentworth's much lower closing costs can be a significant benefit to veterans who need to make every dollar count in meeting the initial costs of a home loan.

By financing the VA funding fee, J.G. Wentworth allows customers to spread that cost over the full 30-year term of a VA loan. This leads to slightly higher monthly payments but lowers your closing costs by thousands of dollars. Combined with a flat origination fee of $750 and the zero down payment possibility of the VA loan program, this option makes J.G. Wentworth's mortgages even more cost-effective for Coloradans who qualify for the VA loan program.

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