Top Refinance Companies for Colorado Homeowners
Interest rates in Colorado hover around 6.72% for 30-year fixed and 6.13% for 15-year fixed as of June 26, 2025. While home values have surged—driving equity growth—the slightly higher rates mean now is the perfect time to reassess your mortgage. You might still save by refinancing to shorten your term, lower your monthly payment, or tap into your equity.
1. National Lenders Reliable in Colorado
Rocket Mortgage
Often recommended for its app-based interface, Rocket Mortgage offers a highly digital experience with generally quick turnaround times. While it’s efficient, some borrowers may find it lacks the hands-on, customized approach of smaller or hybrid lenders.
CrossCountry Mortgage
Known for its personalized service and wide range of refinancing solutions, CrossCountry Mortgage blends the efficiency of a national lender with the feel of a local operation. With a strong presence in Colorado and access to both conventional and government-backed refinance options, it's an excellent choice for borrowers looking for flexibility and a smooth closing process. Their team is also recognized for guiding clients through the refinance process with clear communication and customized strategies.
First Federal Bank
A reputable regional lender offering a variety of refinance types, though it may not provide the same level of borrower support or streamlined digital tools as some competitors.
PNC Bank, Pennymac, U.S. Bank
These institutions offer a wide array of loan products, but the experience can feel more standardized. While rates may be competitive, the process may involve more layers of approval and less individualized attention.
Veterans United Home Loans
Specializing in VA loans, Veterans United is a top choice for military families. That said, its focus on VA products may not serve borrowers looking for broader refinance options.
2. Local Favorites in Colorado
American Financing
With a strong presence in Colorado, American Financing offers personalized attention to borrowers, including FHA, VA, USDA, conventional, and CHFA-backed refinances. They spotlight potential savings up to $1,000/month and assist with state-specific down payment and refinancing assistance programs.
Elevations Credit Union
Proudly the first Colorado lender with an Accredited Social Impact Lending (ASIL) certification—granted to only the top 5% nationally—Elevations CU emphasizes equitable lending and serving diverse communities. A great option if you're seeking localized service with strong community roots.
The Mortgage Co. (Denver Metro)
A long-standing, A+ rated mortgage broker in Denver, they offer access to multiple loan officers and focus on timely, tailored refinancing solutions.
Industry Home Mortgage
Another Denver-based broker that emphasizes shopping and comparing multiple refinance rates quickly via its free pre-approval tools.
How to Choose the Right Lender
| Consideration | What to Look For |
|---|---|
| Loan Type Compatibility | Need FHA, VA, USDA, or cash‑out? Match lender specialties (e.g., Veterans United for VA loans) |
| Rate & Fee Transparency | Compare APRs—not just interest rates; some lenders like Pennymac and PNC score high on transparency |
| Process Speed & Tech | Rocket Mortgage and Rate stand out for quick preapproval and digital closings |
| Local Experience | Brokers like The Mortgage Co. and Industry Home Mortgage know Colorado regulations and assistance programs well |
| Community Focus | Elevations CU and American Financing excel with local expertise and state assistance options |
🛠️ Next Steps for Colorado Refinancing
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Track rates in your area. Current averages are ~6.7% (30‑year) and 6.1% (15‑year).
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Get quotes from at least three lenders. Include a mix of local brokers and national lenders for comparison.
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Explore assistance programs. American Financing and Elevations can help access CHFA/grants.
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Request Loan Estimates (LEs). Compare interest rates, APRs, closing costs, and loan timelines.
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Lock in when it benefits you. Once rates dip and you've chosen a lender, lock in to avoid volatility.
Final Take
Colorado homeowners have more refinancing options than ever. Whether you prefer the hands-on guidance of a local expert or the speed and flexibility of a national lender like CrossCountry Mortgage, the key is finding a solution that aligns with your goals. Always compare offers and ask questions—your best savings may come from the lender that understands your unique needs best.
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