Colorado refinance rates range from around 6.1% to 6.5% for a 30-year conventional home loan on a primary residence.
Colorado homeowners struggling to keep up with their monthly mortgage payments may want to look into refinancing. According to Denver-based mortgage lender Reed Letson, the best refinance rates in Colorado are in the lower to upper 6s, depending on your home loan type.
“The main thing to consider when refinancing in Colorado is how it will benefit you,” Letson says. “Refinances can be a great tool to reduce your monthly payment or pay off high-interest debt such as credit cards or personal loans.”
Check out our guide to Colorado refinance rates to learn more and find the best lenders to refinance your mortgage loan.
Best Refinance Rates in Colorado
- 6.125% – Guaranteed Rate (Rate.com)
- 6.125% – New American Funding
- 6.5% – Rocket Mortgage (formerly Quicken Loans)
- 6.625% – SoFi
- 5.875% (only for VA loans) – Veterans United
As of March 31, 2025. Listed options are for refinancing to a 30-year fixed-rate conventional home loan on a primary residence. Rates may vary based on credit scores, mortgage size, home type, etc.
6.125% – Guaranteed Rate (Rate.com)
Along with offering lower interest rates for all types of mortgage refinancing, Guaranteed Rate, better known as Rate.com, can get you approval in as little as 24 hours through its all-online application process. We love that they’re transparent about their rates, are available in every state, and offer educational resources on every type of financial product you can think of.
If you require a more personal approach, affiliated loan officers in more than 400 branches nationwide can assist you. Be warned, Rate.com has stricter eligibility requirements than some competitors, so it might not be the best choice for those with less-than-perfect credit scores. Some customers say the fees eat up any savings realized with the lower interest rates.
Read our Guaranteed Rate mortgage reviews for our full thoughts.
6.125% – New American Funding
- Best For:A Variety of OptionsVIEW PROS & CONS:securely through New American Funding Purchase's website
New American Funding might be one of the new kids on the block, but it’s quickly earned a positive reputation in all 50 states. They offer various refinancing options at low rates, have a 4.7 out of 5 rating on TrustPilot with more than 1,000 reviews, and work with self-employed people who might not qualify at more traditional lenders. You can get a personalized rate in as little as three minutes without affecting your credit score.
New American Funding works with conventional and government-backed loans. Some customer reviewers have noted that the company requires a large down payment or fees to secure a lower interest rate.
Read our New American Funding review for our full thoughts.
6.5% – Rocket Mortgage (formerly Quicken Loans)
- Best For:Online MortgagesVIEW PROS & CONS:securely through Rocket Mortgage (formerly Quicken Loans)'s website
Rocket Mortgage (formerly known as Quicken Loans) has a streamlined approval process that allows you to lock in your interest rate for up to 90 days. Moreover, you can upload financial documents directly to their website and get real-time updates on your application. Some customers can get pre-approved in under an hour.
While their fees are slightly higher than some other lenders, they get bonus points for being upfront about them. Our Rocket Mortgage review has our full thoughts.
6.625% – SoFi
- Best For:Current SoFi MembersVIEW PROS & CONS:securely through SoFi Mortgage Purchase's website
SoFi started as a student loan refinancing service but has quickly become one of the best online mortgage lenders. One of their biggest draws only requires a 10% down payment, much lower than the 20% other lenders require. Plus, they offer refinancing on mortgages up to $3 million.
They have a longer closing process than other online lenders, though you can typically close within a month if you have all your paperwork sorted. Read our SoFi mortgage review for more information.
5.875% (only for VA loans) – Veterans United
Veterans United is the top VA loan lender for active or retired service members to refinance their home mortgage. They offer VA Interest Rate Reduction Refinance Loan (IRRRL) and VA cash-out refinances at low rates with 24/7 customer service. Additionally, you could get a conventional home loan or an FHA loan.
You can start your application online and get an initial quote, but you’ll have to finish the process in person. Read our Veterans United Mortgage review for our full thoughts.
Why You Should Trust Us
Benzinga has offered investment and mortgage advice to more than one million people. Our experts include financial professionals and homeowners, such as Anthony O’Reilly, the writer of this piece. Anthony is a former journalist who’s won awards for his New York City economy coverage. He’s navigated tricky real estate markets in New York, Northern Virginia and North Carolina.
For this story, we worked with Reed Letson, a mortgage broker and owner of Elevation Mortgage in Colorado.
FAQ
What are current refinance rates in Colorado?
According to Colorado mortgage lender Reed Letson, current refinance rates in the state are in the low- to high-6s, depending on your mortgage type and credit score.
What is a good interest rate to refinance?
You should refinance if interest rates have dropped 1% to 2% from when you first secured your mortgage and if doing so would reduce your monthly payments or shorten your loan term.
Sources
- Reed Letson, and owner of Elevation Mortgage
About Anthony O'Reilly
Anthony O’Reilly is an updates editor for Benzinga. He’s won numerous journalism awards for his coverage of the New York City economy and Long Island school district budgets.