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9 best mortgage lenders in Colorado

Looking to buy a home in Colorado? Here are the best mortgage lenders in the Centennial State.

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From Greeley to Grand Junction and from Fort Collins to Colorado Springs, Colorado is brimming with alluring areas where you might want to live. If you’re thinking about setting down roots near Four Corners, in the Rocky Mountains or anywhere in between, the best mortgage lenders in Colorado can help you buy a home you’ll love.

Best Colorado mortgage lenders in 2020

How Finder picks mortgage lenders

These nine companies were selected based on several factors, including their fees, interest rates, loan amounts and eligibility requirements. We also account for customer reviews from sites such as Trustpilot, Wallethub and the Better Business Bureau (BBB), to name a few. Learn more about Finder’s rating methodology.

Best online experience

Better.com

Better.com logo
Go to site
at Better.com's secure site
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620
Min. credit score
3%
Min. down payment
Many of the best Colorado mortgage lenders have full-featured websites that function well on laptops and smartphones, but few of them are as polished as Better Mortgage's site. No matter what size screen you visit it on, you're bound to find Better's website incredibly easy to use.

And in addition to Better's web presence, this online-only lender also provides mortgages that don't require origination fees. Better also price-matches competitors in case you find a more attractive offer elsewhere.

  • Intuitive interface. Better's website features a straightforward layout that's easy to navigate on any size screen, and first-time homebuyers are bound to feel at ease with the interactive application process.
  • Fewer fees. Better never charges fees to process applications or for origination.
  • Price-matching. If another lender extends you a better offer, Better will match the lower price or give you $100.
  • Limited loan types. Better doesn't offer some types of mortgages, such as VA and USDA loans.
  • No mobile app. Unlike many other online-only lenders, Better doesn't have a standalone app.
  • Not available nationwide. As of October 2020, Better is not yet licensed to offer mortgages in Hawaii, Massachusetts, Minnesota, Nevada, New Hampshire, Vermont or Virginia.
Loan types Conventional, Jumbo, FHA, Refinance
Minimum credit score Refinance: 680
All other loans: 620
Minimum down payment 3%
States available Not available in: HI, MA, MN, NV, NH, VT, VA
Fees Better doesn’t charge origination fees, but you can expect to pay other third-party fees for appraisal, title services, recording changes, etc.

Best for first-time homebuyers

Rocket Mortgage

620
Min. credit score
3%
Min. down payment
Buying a home in Colorado — or anywhere else for that matter — can be incredibly stressful if you've never done it before. Fortunately, Rocket Mortgage by Quicken Loans simplifies the process by allowing you to get a conditional prequalification in as little as 10 minutes. This mortgage lender offers more options than many competing lenders, plus you won't be penalized if you pay off your loan early.
  • Fast service. Rocket Mortgage can grant you a conditional prequalification within a few minutes, and most loans close in less than one week.
  • Flexibility. This lender can offer you a variety of terms on mortgages, leaving you with more control over your loan.
  • No penalty for prepayment. Unlike many other lenders, Rocket Mortgage won't penalize you if you pay off your balance early.
  • Hefty application fee. Rocket Mortgage will charge you between $400 and $750 to process your application.
  • Some types of loans aren't available. You can't get a construction loan or a loan for mobile homes with this lender.
  • No in-person support. Rocket Mortgage is online-only, so it might not be a good match if you're seeking face-to-face service.
Loan types Conventional, Jumbo, FHA, VA, Refinance
Minimum credit score Conventional: 620
FHA: 580
VA: 620
Jumbo: 700
Minimum down payment 3%
States available Available in all states
Fees Rocket Mortgage charges a one-time “good faith deposit” on its home loans, payable by credit or debit card. A $400 to $750 fee covers your credit report, a home appraisal and loan processing fees.

Your deposit is refundable after you close your loan with Rocket Mortgage. It’s subtracted from your closing costs, so you pay less overall for your mortgage.

0.5%–1% origination fee.

Best for veterans

Navy Federal Credit Union

620
Min. credit score
0%
Min. down payment
Former members of the military deserve the best when buying a home in Colorado. And compared to other mortgage lenders in the state, Navy Federal is an ideal fit for vets.

The Department of Veterans Affairs backs mortgages obtained through this lender, and Navy Federal offers exclusive programs unavailable to civilians. However, Navy Federal only has three physical branches in Colorado, so depending on where in the state you're looking to live, it might not be convenient to meet a loan officer in person.

  • Skip the down payment. Some loan types don't require a down payment.
  • Exclusive benefits. Select veterans can qualify for significant discounts.
  • Rate-matching. If Navy Federal can't match a competitor's rate, you could get $1,000.
  • Membership required. Only customers of the credit union can qualify for loans.
  • Mixed reviews. Reviewers commonly complain about this lender's customer service and the time it takes to get a loan approved.
Loan types Conventional, Jumbo, FHA, VA, HELOC, Refinance
Minimum credit score Conventional: 620
Other loans: 580 or higher, depending on the loan type
Minimum down payment 0%
States available Available in all states
Fees No underwriting, document, or application fees, but "Choice" line of loans can require a 1% origination fee and 1.75% funding fees (can be waived by agreeing to pay 0.25% more on the interest rate.)

Best for customer service

Guaranteed Rate

620
Min. credit score
3%
Min. down payment
Low rates and affordable fees are certainly nice features when getting a mortgage, but if the lender's customer service is a nightmare, little else may matter. And when it comes to treating customers right in Colorado, few lenders receive higher marks than Guaranteed Rate. In fact, based on nearly 11,000 reviews on Zillow, Guaranteed Rate has an outstanding score of 4.96 out of 5. And not only does this lender shine when it comes to customer service, but Guaranteed Rate also offers some of the lowest mortgage rates in the state.
  • Attractive rates.Guaranteed Rate offers some of the lowest interest rates in Colorado.
  • Transparent website. This lender's website details the factors it considers when determining rates.
  • Positive reviews. Guaranteed Rate's customer reviews are generally positive, and borrowers report that the lender's online representative is especially helpful and responsive.
  • Decent credit only. To qualify for the best rates, you must have a credit score of 620 or higher.
  • No live chat. You can contact Guaranteed Rate's support specialists via phone or email, but there's currently no option for live chat.
  • Inferior support in-person. Guaranteed Rate's online support has stellar reviews, but plenty of borrowers have had negative experiences with loan officers at this lender's physical locations.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity/HELOC, Refinance
Minimum credit score Conventional: 620
Other mortgages: As low as 580, depending on type
Minimum down payment 3%
States available Available in all states
Fees Appraisal, credit report, flood certification, state taxes and title insurance

Best for a wide range of credit scores

Fairway Independent

620
Min. credit score
3%
Min. down payment
Founded in Madison, Wisconsin, in 1996, Fairway Independent Mortgage Corporation is a nationwide lender with dozens of locations across Colorado. Fairway Independent offers a wide range of mortgage options and some unique programs you won't find with other lenders, and you don't need to have a high credit score to get approved for a mortgage. In fact, Coloradans with credit scores as low as 580 can get approved for FHA and VA loans.
  • Special programs.Fairway Independent offers special mortgage programs for local educators, medical professionals and healthcare workers.
  • Unique mortgage options.In addition to standard mortgage types, this lender also provides renovation mortgages and reverse mortgages.
  • Bad credit is OK. You can get approved for FHA and VA loans with a credit score as low as 580.
  • Hard credit inquiry.Applying for a mortgage with Fairway Independent will negatively impact your credit score, even if you're not approved.
  • Vague website. Fairway Independent's website doesn't reveal too many details about the fees you can expect to pay.
Loan types Conventional, Jumbo, FHA, VA, USDA, Refinance
Minimum credit score Conventional: 620
VA: 580
FHA: 580
Minimum down payment 3%
States available Available in all states
Fees No information available without applying

Best rates

Primary Residential Mortgage, Inc.

Primary Residential Mortgage, Inc. logo
620
Min. credit score
3%
Min. down payment
Founded in 1998 and based in Salt Lake City, Utah, Primary Residential Mortgage, Incorporated (PRMI) has some of Colorado’s most attractive mortgage rates. This lender also offers more than 300 unique mortgage products, and it has loan officers in many of Colorado’s major metropolitan areas. If scoring the lowest rate on your mortgage is a priority for you, PRMI is certainly worth considering.
  • Low rates. This lender offers some of the lowest mortgage rates in Colorado.
  • Excellent reviews. PRMI has excellent reviews on Redfin, Zillow and LendingTree.
  • Good for bad credit. PRMI approves borrowers with credit scores as low as 500 for FHA loans.
  • Must work with an agent. Unlike many modern lenders, PRMI requires you to work with an agent.
  • Vague website. PRMI’s website doesn’t clearly state all the fees this lender charges.
Loan types Conventional, Jumbo, FHA, VA, USDA
Minimum credit score 500 for FHA loans, 620 for conventional loans
Minimum down payment 3%
States available Available in all states
Fees Depending on your situation, Primary Residential Mortgage, Inc. may charge origination fees, appraisal fees, title insurance fees and other fees.

Best regional lender

Ent Credit Union

Ent Credit Union logo
620
Min. credit score
3%
Min. down payment
Founded in 1957 to serve the employees of Ent Air Force Base, Ent Credit Union exclusively operates in Colorado, though it no longer requires its members to be in the military. Ent Credit Union’s team is intimately familiar with the local market, and this lender has a few unique offerings you won’t find with other options on this list. If you’re looking to work with a company that knows the area, this Colorado Springs-based credit union is an excellent option.
  • Transparent rates. Unlike some other lenders on this list, Ent publishes an up-to-date list of its mortgage rates.
  • On-time closing guarantee. Ent Credit Union guarantees that your home purchase will close on time, or it’ll credit your account $500.
  • 90-day rate-lock. Many lenders will lock in your rate for 30 or 60 days while you shop for a home, but Ent will lock in your rate for up to three months.
  • Must meet with a loan officer. Some lenders let you go through the entire mortgage process on your own, but Ent requires you to work with a representative.
  • No USDA loans. Ent doesn’t offer United States Department of Agriculture mortgages.
  • Unclear closing costs. Ent is up front about its rates and origination fee, but this lender doesn’t disclose its closing costs online.
Loan types Conventional, Jumbo, FHA, VA, HELOC, Refinance
Minimum credit score 620
Minimum down payment 3%
States available Only available in: CO
Fees Ent Credit Union only charges origination fees for Colorado Federal House Authority (CHFA) loans. Various closing costs may apply.

Most popular lender

Cherry Creek Mortgage Co.

Cherry Creek Mortgage Co. logo
620
Min. credit score
3%
Min. down payment
Since 1987, Cherry Creek Mortgage Co. has helped hopeful home buyers qualify for mortgages around the country — including in Colorado. And among the hundreds of mortgage lenders currently operating in the state, Cherry Creek is one of the most popular. Headquartered in Colorado’s own Greenwood Village, this lender is an attractive option, even if it’s not as well-known as some of the other nationwide lenders on this list.
  • Special programs. Cherry Creek offers special mortgage programs for Indigeous peoples, physicians and other groups.
  • Robust website. Cherry Creek’s website features more resources, articles and mortgage calculators than many other lenders’ sites.
  • Must work with a loan officer. You can’t get a mortgage from Cherry Creek without contacting a loan officer.
  • Unclear fees. Cherry Creek doesn’t detail all its fees on its website.
Loan types Conventional, Jumbo, FHA, VA, USDA, Refinance
Minimum credit score 580 on FHA loans, 620 on conventional loans
Minimum down payment 3%
States available AL, AR, AZ, CA, CO, CT, FL, IA, ID, IL, IN, KS, LA, MD, MI, MN, MT, NE, NJ, NM, NV, OH, OK, OR, PA, SC, TN, TX, UT, WA, WI, WY
Fees Cherry Creek Mortgage doesn’t specify its fees or loan costs, but you can expect to spend between 2% and 5% of your home’s purchase price on closing costs, which include government fees, origination and underwriting fees, title and appraisal costs, taxes and insurance.

Best marketplace

LendingTree

LendingTree logo
Go to site
at LendingTree's secure site
Read review
620
Min. credit score
3%
Min. down payment
While the other names on this list are direct lenders, LendingTree is a mortgage marketplace that can instantly give you a bird’s-eye view of numerous lenders in Colorado. By doing so, LendingTree makes it easy to quickly compare several mortgage rates, so you can see which lenders are likely to best match your needs. LendingTree can save you a ton of time when shopping for a mortgage, but prepare to receive a slew of unsolicited calls and emails from various lenders if you use this service.
  • Broad selection of lenders. LendingTree’s marketplace features rates from more than 500 lenders.
  • Free to use. You won’t have to pay any fees to LendingTree, and none of the lenders featured on this marketplace will ask you to pay anything up front.
  • Custom notifications. If you’re not in a rush to buy, LendingTree can alert you when rates drop to lower levels.
  • Unsolicited calls and emails. When you use LendingTree, you give the marketplace permission to share your contact information with many lenders, and some of them may call or email you.
  • Hard credit check. LendingTree performs hard credit inquiries, which will knock a few points off your credit score and may stay on your credit report for up to two years.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Minimum credit score Conventional: 620
FHA: 500
VA: 620
USDA: 640
Jumbo: 800
Minimum down payment 3%
States available Available in all states
Fees While LendingTree’s service is free to use, there will likely be fees associated with your home loan. These fees vary by lender but often include an origination fee and prepayment fees. A good rule of thumb is to budget at least 0.5% to 1% of the amount you borrow for the loan origination fee.

Which lender is best for me?

Among the hundreds of mortgage lenders in Colorado, choosing the right one can be tricky. When narrowing down your options, keep the following things in mind.

  • Customer reviews. Check popular review sites to see if previous borrowers have been pleased with their mortgage experience.
  • Shop around. Collecting preapprovals from several lenders will give you more leverage when it comes to saving money.
  • Prepare to bargain. Never accept an offer without first trying to negotiate better terms and a lower rate.
  • Always read the fine print. Before signing any agreements, carefully review all documents and ask questions for clarity.

Compare more mortgage lenders

Name Product Loan products offered State availability Min. credit score
Better.com
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
620
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).
LoanDepot
Conventional, Jumbo, FHA, VA, Home Equity, Refinance
Available in all states
620
Access a wide range of mortgage and home equity options in person or online with this direct lender.
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
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Average rates and fees in Colorado

As of October 15, 2020, the average mortgage rate in the US is 2.81%, but it’s currently slightly higher in Colorado. According to the Consumer Financial Protection Bureau (CFPB), the mortgage rate on 30-year fixed-rate mortgages in Colorado averages 3.00%.

And while closing costs in the US typically range between 2% and 5%, closing costs in Colorado averaged only 0.86% of the sales price according to 2019 data from ClosingCorp. Want to learn more? Continue researching mortgage rates in Colorado or compare closing costs in Colorado for further details.

Should I use a broker?

With the exception of LendingTree, this list focuses on direct lenders in Colorado because only they can approve and finance mortgage loans. If you don’t have time to shop around for the best deal — or if you’d simply prefer to have someone take care of that for you — you may consider working with a mortgage broker.

Most mortgage brokers are trustworthy, but some may charge fees you could otherwise avoid. To find the best mortgage broker for your needs, start by comparing their rates and reading recent reviews.

Bottom line

The best mortgage lenders in Colorado each have a lot to offer, but none of them is likely to be ideal for every borrower. Depending on your unique needs, one of these options could be perfect for you. Carefully compare what each has to offer or continue exploring your options.

Frequently asked questions

Home loans ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top home loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, product selection and borrower experience.

Read the full methodology of how we rate home loan providers.

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