Assumable Mortgages in Colorado: How to Find Them in 2026
Colorado is one of the best states in the country for assumable mortgages. And most buyers have no idea.
The reason: Colorado has two of the largest military installations in the US. Fort Carson in Colorado Springs and Buckley Space Force Base in Aurora. Military installations mean VA loans. VA loans mean assumable mortgages. And right now, Colorado has hundreds of them active with rates averaging around 3.2%.
Let me break down exactly where they are and how to find one.
The Colorado Market Right Now
There are over 1,100 assumable properties in Colorado at any given time. The numbers shift as homes list and sell, but the inventory is real and it keeps growing.
Rate range: 2.0% to 5.5%, weighted average around 3.2%
Loan types: About 60% VA, 35% FHA, 5% USDA
Price range: $150,000 to over $1,000,000
Monthly savings vs. today's rate: $500 to $1,200+ per month depending on loan size
Colorado Springs alone typically has 300-plus assumable properties available. Denver metro another 200 or so. And the rest are spread across Fort Collins, Pueblo, Greeley, and smaller markets.
Colorado Springs: The Best Market in the State
Colorado Springs is ground zero for assumable mortgages in Colorado. Fort Carson has one of the highest concentrations of VA loan holders in the country, and military families move frequently. When a soldier gets PCS orders, the home goes up for sale. And that VA loan with a 2.5% or 3% rate comes with it.
The neighborhoods to focus on:
Fountain and Security-Widefield: High VA loan concentration. Affordable price points, $280K to $450K range. These are often the best deals for buyers working with a limited equity gap.
Powers corridor (northeast Colorado Springs): Mix of VA and FHA loans. Good selection in the $350K to $600K range.
Monument and Tri-Lakes area: More FHA inventory. Slightly higher price points.
Black Forest and Falcon: Larger properties, some great VA inventory.
Ryan's team does these every single week in Colorado Springs. The Assumable Guy is ROAM's preferred buyer agent on the entire Front Range, which means access to the best assumption data in the market.
Denver Metro: Strong FHA and VA Inventory
Denver doesn't have the same military concentration as Colorado Springs, but the FHA loan population is significant. Aurora and Lakewood both have solid VA inventory from Buckley and Fitzsimons.
Aurora: One of the strongest assumable markets in metro Denver. Good mix of VA and FHA across $350K to $650K.
Lakewood: Strong FHA presence. Good for buyers who don't have a VA connection.
Thornton and Westminster: Affordable FHA inventory in the $300K to $500K range.
Commerce City and Brighton: Growing inventory as more 2020-2022 buyers start selling.
A $400,000 FHA loan at 3% in Denver is $1,686 per month. At 6.8%, that same loan is $2,609. That's $923 less every month. $11,076 per year. If you're looking to buy in metro Denver, it's worth finding out if there's an assumable option that fits your criteria.
How to Actually Find Assumable Properties
This is where most buyers hit a wall. Zillow doesn't flag loan type. Realtor.com doesn't either. You can't just filter for "assumable" and get a list.
Here are the options:
Option 1: Work with a specialist. This is the fastest path. Ryan's team at The Assumable Guy maintains a constantly updated list of every assumable property in Colorado. We cross-reference MLS data with loan type, rate, and balance. We also track which VA sellers are open to non-veteran assumptions (we call these "hand raisers"). Call or text 719-624-3472 to get access to the list.
Option 2: Search ROAM's platform. ROAM (assumablemortgage.com) is an assumption marketplace. It lists properties nationwide with estimated assumable rates. Good for browsing. But you still need an agent who can negotiate and process the deal.
Option 3: Ask your agent to filter MLS by loan type. Most agents don't know to do this, but it's possible. Filter for FHA and VA sold/active listings from 2019-2022. That gives you a starting pool, then you have to call to confirm rates.
Option 4: Check Assumelist. Another assumable marketplace. Less comprehensive than ROAM but worth a look.
The honest truth: the most effective approach is working with someone who already has the list built. Ryan's VA does this research every week. Three to five properties per week, tracked and updated.
What to Expect in Colorado's Market
A few things are specific to Colorado worth knowing:
VA loans dominate Colorado Springs. If a seller has a VA loan and you're a non-veteran, they're giving up their VA entitlement while the loan is attached to the property. About 10-20% of VA sellers say yes to non-veteran buyers. Ryan's team pre-qualifies sellers before showing the property so you're not wasting time.
FHA loans are easier to get approval on, roughly 90% of FHA sellers will agree to an assumption if your offer is competitive. The FHA process is well-established.
The timeline is 45 to 90 days. Plan for a slightly longer closing than a normal transaction. Some servicers in Colorado can do it in 30 days, but don't bank on that.
Banks in Colorado, like everywhere else, add friction. They'd rather have the loan off their books and relend at today's rates. An assumption processor makes the difference between a deal that closes and one that falls apart.
The Bottom Line for Colorado Buyers
You can buy a home in Colorado Springs or Denver right now with a rate in the 2s or 3s. Hundreds of them. The inventory exists.
The challenge isn't finding the math. The math is obvious. The challenge is finding the right property, getting a seller who's open to the process, and having someone in your corner who knows how to push it through.
That's what Ryan's team does. Call or text 719-624-3472 or reach out through The Assumable Guy site. We'll pull the current list for your target area and walk you through what's available.
Ready to Find an Assumable Mortgage in Colorado?
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Frequently Asked Questions
Are there assumable mortgages available in Colorado?
Yes. Colorado has strong assumable mortgage inventory, particularly in military-adjacent areas like Colorado Springs and communities with high FHA and VA loan usage from 2019-2022.
How much can I save with an assumable mortgage in Colorado?
Savings depend on the assumed rate and loan balance. A typical Colorado scenario: $400,000 at 3% vs. 7% saves $1,081/month. Over 5 years, that's $64,860.
Which Colorado cities have the most assumable mortgages?
Colorado Springs leads due to its military base concentration. Denver metro suburbs (Aurora, Lakewood, Arvada, Westminster) have strong FHA inventory. Fort Collins, Boulder, and Greeley also have active assumable markets.
How do I find assumable homes in Colorado?
Browse assumable homes in Colorado or search by city. You can also check Colorado Springs listings or Denver area listings specifically.
Do I need to be a veteran to assume a VA loan in Colorado?
No. Non-veterans can assume VA loans in Colorado. You need to qualify financially with the loan servicer. The VA's guaranty terms don't restrict who can assume the loan.
How long does the assumption process take in Colorado?
Most Colorado assumptions close in 45-75 days. Colorado has experienced assumption processors and servicers familiar with the process, which helps keep timelines reasonable.