Compare the Best Mortgage Lenders in Colorado
Best Mortgage Lenders in Colorado of 2025
New American Funding
Best for Fast Preapproval Times
New American Funding
Mortgage rates
Lower than the national average
Lower than the national average
Editor’s Take
New American Funding (NAF) ranks among the nation’s largest privately owned direct mortgage lenders and stands out for its dedication to helping underserved borrowers and those with nontraditional income or credit profiles. The lender provides a broad selection of home loan products, fast closing times and flexible terms through its proprietary I CAN Mortgage platform.
However, NAF doesn’t disclose lender fees online, a potential drawback for those who value transparency and easy cost comparisons
Pros & Cons
- Offers various loan options, including some with customizable term lengths and nonqualified (non-QM) loans
- Fast preapproval times
- Works with borrowers who have unique financial situations
- Borrowers must purchase points to get the lowest advertised rate
- 14-day closing guarantee is not available on many loan types
- Does not accept alternative credit data
Guild Mortgage
Best for On-Time Closing Guarantee
Guild Mortgage
Mortgage rates
Somewhat higher than the national average
Somewhat higher than the national average
Editor’s Take
High home prices and elevated interest rates continue to make affordability a challenge for many aspiring homeowners, but Guild Mortgage is helping turn those challenges into opportunities with its Zero Down program and low down payment options designed for buyers struggling to save. The MyPath2Own program is available to first-time buyers with limited down payment funds to help qualify for a mortgage with customized homeownership plans, down payment assistance and home buyer education. Despite these strengths, Guild doesn’t publish its rates online and requires a call to a representative to obtain a quote. Additionally, Guild does not have live customer service hours on weekends.
Pros & Cons
- Offers low and no down payment mortgages
- MyPath2Own program available to first-time buyers with limited down payment funds
- Guarantees closing within 17 days or the buyer receives a $500 closing cost credit if a Guild delay causes the missed deadline
- Does not publish rates online
- Rates are above the national average
- No live customer support on weekends
KeyBank
Best for Jumbo Loans
KeyBank
Mortgage rates
Lower than the national average
Lower than the national average
Editor’s Take
KeyBank, though headquartered in Ohio, has a strong branch presence across Colorado and offers an impressive range of mortgage products for borrowers at every stage, from affordable options like its Key Community Mortgage with zero down payment and no PMI to jumbo loans through its SilverKey and GoldKey programs. The lender also provides conventional, FHA, VA and specialized programs, along with home equity loans and HELOCs. Despite these strengths, KeyBank receives below-average customer ratings on some third-party review sites.
Pros & Cons
- Publishes mortgage rates online
- Borrowers with a KeyBank checking and savings account are eligible for a 0.25% interest rate discount
- Offers live customer support on Saturday
- Does not offer USDA loans
- Does not currently offer fully remote closings
- Receives negative customer reviews on some third-party sites
BMO
Best for Interest Rate Discount
BMO Mortgage Lender
Mortgage rates
Somewhat higher than the national average
Somewhat higher than the national average
Editor’s Take
Chicago-headquartered BMO has a strong footprint in Colorado with numerous branches and ATM locations. The bank offers a wide range of mortgage options, including fixed- and adjustable-rate loans, low down payment programs, jumbo and investment property loans and specialty products like construction and physician mortgages. However, BMO does not publish mortgage rates online, requiring prospective borrowers to call for details, and some customers report frustrations with the application and payment processes.
Pros & Cons
- Eligible borrowers can get a 0.125% rate discount by setting up autopay for monthly loan payments
- Offers live customer support on Saturday
- Offers remote closing option
- Does not publish mortgage rates online
- Does not offer USDA loans
- Some customers have reported issues with the mortgage application and payment processes
PNC Bank
Best for First-Time Home Buyers
PNC Bank Mortgage Loans
Mortgage rates
Lower than the national average
Compare rates from participating lenders in your area via Bankrate.com
Lower than the national average
Editor’s Take
With 38 branches across Colorado, PNC Bank offers competitive rates and a wide selection of home loans, including conventional, jumbo and government-backed options, plus low down payment programs and generous grant offerings of up to $15,000 toward closing costs. The bank’s Community Loan Program also helps qualified borrowers buy with as little as 3% down and no private mortgage insurance requirements. However, PNC doesn’t disclose its lender fees online and customer reviews are mixed, with some reporting issues related to service and communication.
Pros & Cons
- Publishes rates online based on loan amount, down payment and location
- Accepts alternative credit data (depending on the mortgage product)
- Customers can apply for a mortgage through the PNC Bank mobile app
- Rate discounts for banking clients apply only to HELOCs
- Mixed customer reviews on third-party sites
- Does not offer fully remote closings
Chase
Best for Colorado Lending Advisor Network
Chase
Mortgage rates
Lower than the national average
Compare rates from participating lenders in your area via Mortgage Research Center
Lower than the national average
Editor’s Take
Chase is one of the nation’s largest lenders and has a solid presence in Colorado, with branches throughout the state and a network of home lending advisors largely stationed in the Denver area, but also further north in Fort Collins. Still, despite Chase’s prominent national reputation as a leading lender, some mortgage customers have shared less-than-satisfactory experiences on third-party websites.
Pros & Cons
- Existing customers may qualify for at least a 0.125% rate discount when buying a new home or refinancing
- Offers DreaMaker mortgage requiring only 3% down with flexible credit requirements
- Colorado mortgage borrowers may be eligible for a $2,500 or $5,000 home buyer grant.
- $5,000 on-time closing guarantee comes with requirements and loan product exclusions
- Only existing customers with a minimum of $500,000 deposits/investments qualify for the Relationship Pricing Program
- DreaMaker mortgage program has strict income requirements, except for specified metro areas
- Chase home buyer grants only available on primary residence purchases and in select areas of the country; borrowers must apply for a DreaMaker, Standard Agency, FHA or VA home purchase mortgage loan product to qualify
Tips To Compare the Best Mortgage Companies in Colorado
- Shop a mix of lenders. Get quotes from at least three lenders, including national banks, Colorado-based banks, credit unions, mortgage brokers and online-only platforms. Multiple offers help you spot the most competitive rate and terms to find the lender with the process and fees that fit your needs.
- Evaluate loan products, service and speed. Interest-rate quotes, loan types, application processing and customer support quality vary, so determine your priorities. For instance, you may want to focus on lenders that offer specialty loans you might need for a Colorado condo, vacation home or investment property.
- Read borrower reviews. Look for feedback on transparency, responsiveness and competency. In Colorado, where median home prices remain among the highest in the country even amid improving inventory, a lender’s local expertise and solid track record are essential.
- Check state and local assistance programs. Many states, including Colorado, offer first-time home buyer programs, down payment assistance and unique loan options. A strong lender should be well-versed in these state and local offerings to understand if you qualify for grants or other financing assistance.
Mortgage Rates In Colorado
Mortgage rates vary by state and are influenced by multiple factors, including credit scores, loan amounts and local regulations. The lender you choose and the specific region where you’re buying or refinancing can also affect the rate you receive.
Related: Current Mortgage Rates in Colorado
How Is Your Mortgage Payment Calculated in Colorado?
Most mortgage payments include loan principal and interest, but additional costs often apply. These extra expenses, which vary depending on your loan type, location and other factors, include property taxes, homeowners insurance and mortgage insurance.
In addition, if you live in a condo, co-op or planned community, you’ll likely need to pay monthly fees to your homeowners association (HOA).
Check out the Forbes Advisor Colorado mortgage calculator to estimate your total monthly homeownership payments.
Colorado Conforming and FHA Loan Limits 2025
Most conventional mortgages in the U.S. fall within the conforming loan limits set by the Federal Housing Finance Agency (FHFA). Loans within these limits are eligible for backing by Fannie Mae and Freddie Mac, the government-sponsored enterprises that help promote liquidity in the mortgage market by purchasing loans from lenders.
To keep pace with rising home prices, the FHFA adjusts these limits annually, setting higher thresholds for high-cost areas.
The table below shows the 2025 standard baseline conforming loan limits for residential properties in Colorado counties, covering up to the four-unit maximum.
2025 Conforming Loan Limits Colorado
2025 Conforming Loan Limits Colorado (High-Cost Areas)
While FHA loan limits are closely tied to FHFA loan limits, there are key differences.
FHA limits are generally lower and are designed to help protect borrowers from taking on unmanageable debt and reduce lender risk.
2025 FHA Loan Limits in Colorado
Methodology
Forbes Advisor rates mortgage lenders based on elements that have a meaningful impact on the cost of the mortgage, such as borrower requirements, loan options and interest rates. To identify the best mortgage lenders in Colorado, we analyzed 14 lenders across six categories and 11 key data points. We also awarded bonus points for lenders that offer specialty loan products, rate discounts, home equity loans, fully online applications or accepted alternative credit data. Each lender’s rating may vary across different articles, depending on the priorities of consumers searching for a lender in a particular category.
The best mortgage lenders we rate represent some of the largest mortgage lenders by volume, including banks, credit unions and online lenders. However, our methodology also allows us the flexibility to include small and midsize lenders. We consider the most common factors relevant to borrowers, including:
- Interest rate. 20%
- Accessibility. 20%
- Customer service experience. 20%
- Loan options. 15%
- Time to close. 15%
- Loan minimum. 10%
We also award up to 15 bonus points to lenders that offer specialty loans, home equity products or easy online access.
Find Competitive Mortgage Rates Near You
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