Find my Colorado mortgage interest rate

The Colorado Housing and Finance Authority offers programs for first-time and repeat homebuyers. These include government-backed loans and regular purchase loans through approved lenders. It also provides options for down payment assistance.

This program offers $25,000 to first-time homebuyers as assistance to be used to help with a down payment. The assistance is deferred and does not need to be paid back until the home is paid off in full, refinanced, sold or when the owner no longer uses the home as a primary residence. The borrower is required to commit at least $1,000 of their own money to the purchase. Minimum credit score and income limits apply.

This program unrelated to CHFA FirstGeneration offers down payment assistance of up to 3% of your loan amount or $25,000, whichever is lower, for a 30-year fixed-rate mortgage. Because assistance comes in the form of a grant, no repayment is required.

The final mortgage interest rate for a home in Colorado will depend on your credit score and history of managing debt. You could improve your chances of securing an affordable mortgage interest rate in several ways.  

• Improve your credit score: Make sure bills payments are on time and pay off any credit card debt. 
• Make a larger down payment: Putting down more up-front lowers your default risk, which is a good sign to lenders, and could help to reduce your interest rate.  
• Keep your debt-to-income ratio low: A lower level of debt is a signal to lenders that you have space to make mortgage payments, and it could help you secure a more favorable mortgage interest rate. 

*Income limits and eligibility requirements apply. This program is made available by the Colorado Housing and Finance Authority and not Rate.

This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs, and monthly payment on your specific loan transaction may vary, and may include city, county, or other additional fees and costs.   

Mortgage rates are offered exclusively through Rate, Inc. and are subject to change without notice. The payment amount does not include homeowners' insurance, flood insurance (if applicable), or property taxes that must be paid in addition to your loan payment. The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination charges). These mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing. Refinancing may cause finance charges to be higher over the life of the loan.