What's a good rate for you in CO? Update your credit score to find out
A good rate for a primary, single-family home in for , and credit score is:
Histogram showing 3 data points from 5.97% to 6.56%. Use Tab to navigate between segments, and Enter to select a bar.
found 72 lenders for you—rates updated Jan 8, 2026
Rates updated Jan 8, 2026
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George RobinsonTrueRate Data ScientistLenders with low rates in CO
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only 6 lenders likely to get you a good deal.
| Lender | Lender fees | ||
|---|---|---|---|
 | No lender feesHighly rated | Highly rated | |
 | $0-$1145Limited reviews | Limited reviews | |
 | $600Below average | Below average | |
 | $850Below average | Below average | |
 | $995Mixed reviews | Mixed reviews | |
 | $995Average | Average |
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George RobinsonTrueRate Data ScientistLenders in CO likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 72 lenders and found that this one lender is likely to offer you a high rate.
| Lender | Lender fees | ||
|---|---|---|---|
 | $1565Mixed reviews | Mixed reviews |
Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George RobinsonTrueRate Data ScientistLenders with average rates in CO
You deserve better than what these 65 lenders historically provide.
- Alerus Financial NA
- Alpine Bank
- American Financing Corporation
- American Pacific Mortgage Corp
- Benchmark Mortgage
- Arvest Bank
- Bank of Colorado
- Bank of England
- Bell Bank
- BOK Financial (BOKF, NA)
- CalCon Mutual Mortgage LLC
- CMG Mortgage Inc.
- Commerce Bank
- Compass Mortgage, Inc.
- CrossCountry Mortgage, LLC
- DAS Acquisition Company, LLC
- Diamond Residential Mortgage Corp
- Digital Federal Credit Union
- Elevation Credit Union
- Fairway Independent Mortgage Corp
- FBC Mortgage, LLC
- First International Bank & Trust
- First Interstate Bank
- First National Bank of Omaha
- First United Bank and Trust Company
- Franklin Loan Center
- Gateway First Bank
- Gold Star Mortgage Financial Group
- Guaranteed Rate Affinity, LLC
- Guaranteed Rate, Inc.
- Highlands Residential Mortgage
- Homeside Financial, LLC
- Homestead Funding Corp.
- Huntington National Bank
- Intercap Lending Inc.
- Ixonia Bank
- LeaderOne Financial Corp.
- LoanSimple
- LoanPeople LLC
- Mason-McDuffie Mortgage Corporation
- Mortgage300 Corporation
- Mutual of Omaha Mortgage
- Nations Lending Corporation
- Nations Reliable Lending LLC
- NBH Bank
- NFM, Inc
- Northpointe Bank
- On Q Financial, Inc.
- Planet Home Lending, LLC
- PrimeLending
- Princeton Mortgage Corporation
- Priority Home Mortgage, L.P.
- Proper Rate, LLC
- Residential Wholesale Mortgage
- Success Mortgage Partners, Inc
- Summit Funding, Inc
- Summit Mortgage Corporation
- Sunflower Bank, N.A.
- SWBC Mortgage Corporation
- Synergy One Lending
- The Federal Savings Bank
- V.I.P. Mortgage, Inc.
- Van Dyk Mortgage Corporation
- Watermark Capital, Inc.
- Waterstone Mortgage Corporation
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernanTomo Mortgage Loan Advisor - NMLS #1112719TrueRate report
Buying a home shouldn’t feel impossible—see what’s driving buyer stress in 2025.
What is TrueRate by Tomo Mortgage?
TrueRate is a tool for homebuyers, created by Tomo Mortgage. It uses AI and analytical models to show you what a fair mortgage rate really looks like—your “true rate”—based on your unique financial situation and real market conditions. It strips out all the bait-and-switch pricing you see all over the internet, such as rates advertised with big point fees hiding in the fine print.
Instead of giving you a one-size-fits-all estimate, TrueRate calculates what rate you should be looking for that day, using the same kinds of data that lenders themselves rely on to provide their own rate information. We’re just making it all public for the first time. You’ll be able to see whether an interest rate offered by a bank, credit union, or mortgage company is low, average, or too high—before you agree to anything.
We believe in transparency. Here’s how we crunched the numbers.
How credit scores impact mortgage rates
Your credit score plays a huge role in the mortgage process. It helps lenders—and the government organizations that oversee these lenders—determine how likely it is that you’ll repay your mortgage.
Your credit score is a three-digit number, usually between 300 (i.e., you have “bad credit”) and 850 (i.e., you have “excellent credit”). The average credit score for a new home buyer is about 720. There’s a number of different credit agencies that calculate your score (they all have different methods), but your number is based on your credit history. This includes:
- Payment history (on-time or late payments)
- Total debt and credit utilization
- Length of credit history
- Types of credit accounts (credit cards, loans, etc.)
- New credit inquiries
If you have a long history of managing other kinds of credit or debt effectively (your credit cards or car loans, for example), you’re more likely (statistically) to pay your mortgage. So, you’ll have a higher credit score, and that higher score can result in a lower mortgage interest rate.
Here’s what you need to know about credit scores, how they’re used in mortgage lending, and what score ranges actually mean.
Frequently asked questions
Your credit score is only one factor among many that lenders use to determine the interest rate they’ll offer. It’s not everything. But it does have a fairly significant impact on your interest rate.
Here’s an example from June 2025. Using TrueRate data on 30-year fixed rate mortgages, we held the home price, location, and down payment consistent, but adjusted the credit score to see how much of an impact it had on good interest rates.
| Credit score | Good interest rate range | Bad interest rate range | |
|---|---|---|---|
| 580 - 619 (low credit) | 580 - 619 (low credit) | More than 6.92% | More than 7.54% |
| 620-639 (fair credit) | 620-639 (fair credit) | 6.92% - 7.25% | 7.54% - 7.74% |
| 640-659 | 640-659 | 6.88% - 7.23% | 7.47% - 7.67% |
| 660-679 | 660-679 | 6.85% - 7.15% | 7.39% - 7.57% |
| 680-699 | 680-699 | 6.82% - 7.07% | 7.33% - 7.50% |
| 700-719 (good credit) | 700-719 (good credit) | 6.78% - 7.0% | 7.28% - 7.45% |
| 720-739 | 720-739 | 6.72% - 6.94% | 7.21% - 7.37% |
| 740-759 (very good credit) | 740-759 (very good credit) | 6.68% - 6.88% | 7.12% - 7.27% |
| 760-779 | 760-779 | 6.62% - 6.83% | 7.05% - 7.20% |
| 780+ (excellent credit) | 780+ (excellent credit) | 6.6% - 6.79% | 7.00% - 7.15% |
As you can see, a better credit score can improve the interest rate range, but it’s not a transformative difference. Once you’re within the qualifying credit range for a conventional mortgage, choosing the right lender can be far more valuable than trying to boost your credit score slightly. For example, in the same scenario above, someone with excellent credit could go to an overpriced lender and get a 7.15% interest rate. Someone with lower credit (620), could go to a good priced lender and actually get a better interest rate (6.92%).
Also note that once you’re in the “very good” credit range (typically 780+), you won’t necessarily get a better mortgage rate if you had a score of 800.
FICO (Fair Isaac Corporation) is the most widely used credit scoring system in the mortgage industry. While there are other models (like VantageScore), FICO Scores are the gold standard for mortgage lenders.
There are actually multiple versions of FICO, but most lenders use either FICO Score 2, 4, or 5, depending on the credit bureau (Experian, TransUnion, or Equifax).
When you apply for a mortgage, lenders often pull a “tri-merge” credit report with all three scores—and typically use the middle score to make their decision.
Tip: Most conventional loans require a minimum score of 620. FHA loans can go as low as 580 (or 500 with a larger down payment), but come with added fees.
Yes, you can do things right away to improve your credit score—and it’s often worth it. Steps like:
- Paying down credit card balances
- Making on-time payments
- Disputing credit report errors
- Avoiding new hard inquiries
Even a 20–40 point increase can get you into a better pricing tier. You can also explore programs like HomeReady or Home Possible, which may be more flexible for buyers with moderate credit scores.
In Colorado, the housing market offers a mix of excitement and opportunity
Interest rates have continued to decline throughout 2024 and are expected to improve even further in 2025. For anyone who has been waiting for the right time to buy a home, the outlook is becoming increasingly favorable. Lower interest rates mean more affordable monthly mortgage payments, bringing homeownership in the Centennial State within reach for many buyers.
Colorado offers a variety of housing options, depending on your lifestyle and budget. Cities like Denver and Boulder are known for their beautiful scenery, vibrant tech scene, and active outdoor culture. However, these popular areas tend to come with higher price tags and more competition. For those willing to look beyond the big cities, communities such as Colorado Springs, Fort Collins, and other smaller towns still offer access to stunning mountain views—along with more space and greater affordability.
First-time homebuyers in Colorado also have access to several helpful programs designed to ease the path to ownership. These may include down payment assistance and more favorable loan terms, making it possible to buy even in a competitive market.
One of Colorado’s biggest draws is its incredible natural beauty. Whether you’re into hiking, skiing, or simply enjoying the scenic mountain views, the state’s outdoor lifestyle is hard to match. With falling interest rates and thoughtful planning, now could be the perfect time to make your move and start building a life in this breathtaking part of the country.