Mortgage rates in Colorado
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Colorado has among the lowest property-tax rates but high home prices along the Front Range. Below is what buying at Colorado's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Colorado
The interest rate on a Colorado mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Colorado's median $577,000 home with 20% down, the mortgage totals $461,600, or about $2,915 a month in principal and interest.
What makes Colorado different is the cost around the loan. Its 0.49% effective property-tax rate adds roughly $236 a month, and homeowners insurance about $216 more — bringing the all-in estimate to $3,367. Those local costs, not the interest rate, are what set Colorado apart. Your own price and down payment will move the number — work backward from your income with the affordability tool.
Getting approved in Colorado
Federal HMDA lending records show Colorado lenders originated 156,418 home loans in 2025 and denied 40,730 applications — an approval rate near 79.3% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our HMDA approval analysis, and how Colorado ranks for complaint records (8,477 on record).
Shopping for a loan? See the most active mortgage lenders in Colorado, ranked by federal HMDA volume.
Down-payment help in Colorado
You rarely need 20% down. CHFA — Colorado's housing finance agency — runs the state's main assistance program: CHFA DPA grants or second mortgages cover up to 3–5% of the first loan. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at CHFA, see how a smaller down payment changes your number with the down payment planner, or compare every state’s buyer programs.
Colorado mortgage FAQ
What is the current mortgage rate in Colorado?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Colorado loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Colorado's ~0.49% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Colorado home?
On Colorado's median home price of about $577,000 with 20% down at today's 6.49% average 30-year rate, expect roughly $3,367/month — that's $2,915 principal and interest plus about $236 property tax and $216 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Colorado?
In 2025, Colorado lenders originated 156,418 home loans and denied 40,730 applications — an approval rate of about 79.3% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.