Top Colorado Cities for Assumable Mortgage Deals
Not every Colorado city has the same assumable inventory. The concentration depends on military presence, FHA/VA loan origination volume, and turnover rates. Here's where the deals are.
1. Colorado Springs
Why it's #1: Fort Carson, Peterson Space Force Base, Schriever Space Force Base, NORAD, and the Air Force Academy. Colorado Springs has the highest concentration of VA loans in the state, and it's not close.
What you'll find: Hundreds of assumable properties at any given time. Rates as low as 2.0%. Price range from $250,000 to $600,000+. Heavy on 3-4 bedroom single-family homes perfect for families.
Average assumable rate: approximately 2.9% Average price: approximately $380,000 Typical monthly savings: $700-$1,100
If you're looking for the most selection at the best rates, Colorado Springs is the place to start.
2. Aurora
Why it's strong: Buckley Space Force Base drives significant VA loan activity. Aurora also has a high FHA loan concentration due to its diverse and affordable housing stock.
What you'll find: Good selection across townhomes, condos, and single-family homes. Prices tend to be slightly lower than Denver proper, making equity gaps more manageable.
Average assumable rate: approximately 3.1% Average price: approximately $370,000
3. Denver Metro
Why it's here: Pure population density. Denver's metro area has the most total mortgages, so even though the percentage of VA/FHA loans is lower than military areas, the raw numbers are significant.
What you'll find: Everything from condos in the $200,000s to single-family homes over $700,000. More FHA loans relative to VA compared to Colorado Springs.
Average assumable rate: approximately 3.3% Average price: approximately $450,000
4. Fort Collins
Why it matters: Growing city with a mix of young professionals and families. FHA loans are common among first-time buyers, and the market has appreciated significantly.
What you'll find: Moderate selection, concentrated in the $350,000-$500,000 range. Good properties for buyers who want Northern Colorado.
Average assumable rate: approximately 3.2% Average price: approximately $425,000
5. Pueblo
Why it's a sleeper pick: Pueblo has some of the most affordable homes in the state. Lower prices mean smaller equity gaps, which makes assumptions more accessible for buyers with limited cash.
What you'll find: Affordable properties, many under $300,000. VA and FHA loans are common. Monthly savings might be smaller in absolute dollars (because the loan amounts are smaller), but as a percentage of total housing cost, the impact is huge.
Average assumable rate: approximately 3.0% Average price: approximately $260,000
Other Notable Areas
Lakewood and Westminster: Solid suburban options in the Denver metro. Fountain and Security-Widefield: South of Colorado Springs, heavily military-influenced, very affordable. Greeley and Evans: Northern Colorado options at lower price points than Fort Collins. Castle Rock: Growing suburb between Denver and Colorado Springs with increasing assumable inventory.
How to Choose Your City
Budget-driven: Start with Pueblo or Fountain/Security-Widefield for the lowest prices and smallest equity gaps.
Selection-driven: Colorado Springs has the most properties and the widest rate range.
Urban preference: Denver metro gives you city living with assumable options.
Appreciation potential: Fort Collins and Castle Rock are growth markets where your assumed property may appreciate faster.
Filter the full listing database by city to see exactly what's available where you want to live.
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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.