Best Mortgage Rates in Englewood CO
Best Mortgage Rates in Englewood CO
Current mortgage rates in Englewood hover between 6.20% and 6.30% for 30-year fixed loans, with rates changing daily based on market conditions. Colorado homebuyers can secure better rates through AI-powered platforms like Chestnut, which compares 100+ lenders simultaneously and typically delivers rates 0.50 percentage points below traditional shopping methods.
Key Facts
• Current rates: 30-year fixed mortgages average 6.20% to 6.30%, 15-year fixed at 5.49% to 5.67%, and 5/1 ARMs at 5.62% to 5.74%
• Local market: Average Englewood home value sits at $532,542, with properties going pending in approximately 15 days
• Down payment help: Colorado Housing Finance Authority offers up to $25,000 in assistance through various grant and loan programs
• Closing costs: Colorado buyers typically pay 1.5% to 3% of purchase price, averaging $8,000-$12,000 on a $400,000 home
• Rate comparison: Chestnut's AI technology analyzes offers from 100+ lenders in under two minutes versus days for traditional banks
• Refinance outlook: HELOC rates currently average 7.63% nationally, while Colorado refinance rates run 5.72% for 15-year and 6.31% for 30-year fixed loans
Mortgage rates shift daily, and in a volatile market every basis point matters. Englewood buyers who hesitate can watch a favorable quote vanish before the weekend. That urgency is exactly why more Colorado borrowers are turning to AI-powered platforms that scan lender pricing in real time. Chestnut Mortgage, for example, compares offers from more than 100 lenders in under two minutes, often trimming rates by roughly 0.5 percentage points compared to traditional shopping methods.
This guide breaks down everything Englewood homebuyers and homeowners need to know: current rate benchmarks, 2025–26 forecasts, down-payment assistance programs, refinance and HELOC considerations, and the closing-cost math that can quietly erode your savings.
Why Englewood Buyers Should Track Rates — and Act Fast
What exactly is the "best rate"? It is the lowest annual percentage rate you can lock for your specific credit profile, loan amount, and timeline. Rates are personalized, not universal.
National benchmarks set the context. According to Bankrate's December 2025 survey, "The current average rate for a 30-year fixed mortgage is 6.20, The average rate for the benchmark 15-year fixed mortgage is 5.49 percent, and the average rate on a 5/1 ARM is 5.69 percent." Those figures have swung between roughly 6.20% and 6.30% in a single week, proof that timing can save or cost you thousands over the life of a loan.
Chestnut's proprietary AI consistently delivers approximately 0.50 percentage points below the national average 30-year fixed rate. That advantage comes from real-time pricing APIs and risk-tier clustering algorithms that match your profile to the lender most likely to compete for your business.
Key takeaway: Rates move fast, and manual comparison shopping cannot keep pace with AI-driven platforms that update pricing minute by minute.
What Do 2025–26 Trends Say About Englewood Mortgage Rates?
Understanding the macro picture helps you decide whether to lock now or float.
Metric | 2025 Projection | 2026 Projection |
|---|---|---|
30-Year Fixed Rate | ~6.3% year-end | ~6.2%–6.3% average |
Federal Funds Rate | 3.6% | 3.4% |
Unemployment | 4.5% | 4.4% |
PCE Inflation | 2.9%–3.0% | 2.6% |
Sources: Federal Reserve projections, Realtor.com
The Federal Reserve lowered rates three times in 2025, yet 30-year fixed mortgages remain near 6.3% because mortgage pricing tracks 10-year Treasury yields more than the fed-funds rate.
Local Englewood Snapshot
The average Englewood home value is $532,542, down 2.1% over the past year.
Homes go pending in around 15 days, so preapproval speed matters.
Mortgage rates can change daily, making continuous monitoring essential.
Credit Score Impact
Going into 2025, the average U.S. FICO Score was 715. A higher score translates directly to lower rates. Conventional loans require a minimum of 620, while FHA loans accept scores as low as 500 with a larger down payment.
Chestnut vs. Traditional & Online Lenders: A Data-Backed Look
How does Chestnut stack up against banks, credit unions, and fintech rivals?
Feature | Chestnut | Traditional Bank | Online Fintech |
|---|---|---|---|
Lenders Compared | 100+ | 1 | 5–20 |
Quote Time | Under 2 minutes | Days | Hours |
Avg. Rate Savings | 0.5 pp | Baseline | Varies |
Credit Pull for Quote | Soft | Often hard | Varies |
"Borrowers using Chestnut AI™ typically see rate savings of 0.5% or more compared to traditional shopping methods." That half-point advantage can translate to nearly $46,000 in lifetime interest savings on a typical Colorado loan.
Chestnut's AI analyzes credit scores, debt-to-income ratios, employment history, and asset reserves to cluster borrowers into precise risk tiers. It then pings real-time secondary-market data to adjust pricing recommendations within minutes of market movements.
Better Real Estate claims to boost your odds of an accepted offer by more than 50%, but that metric focuses on agent matchmaking, not rate optimization. Loan Garden touts over 300 five-star reviews and a lowest rate guarantee, yet its network is smaller and quote turnaround slower.
Where Other 'Low-Rate' Brands Fall Short
Tomo Mortgage's TrueRate tool offers AI-driven estimates from over 1,000 lenders, but it is primarily an informational model, not a lender. As Tomo explains, "Tomo Mortgage created TrueRate because it's really hard to get an honest answer to a simple question—what's a good rate for me right now, and where can I get it?" The tool helps you benchmark, but you still need to apply elsewhere to lock a rate.
Hidden fees remain a common pitfall across the industry:
Origination fees can reach 1% of the loan amount.
Discount points, if not clearly disclosed, inflate upfront costs.
Slower underwriting at legacy banks can cause rate-lock expirations, forcing borrowers to accept higher market rates.
What Down-Payment Assistance Is Available for Englewood Buyers?
Colorado Housing and Finance Authority (CHFA) programs can dramatically lower your upfront cash requirement.
CHFA DPA Grant
Up to the lesser of $25,000 or 3% of the first mortgage amount.
Usable for down payment, closing costs, and prepaids.
Does not impact your debt-to-income ratio.
CHFA DPA Second Mortgage Loan
Up to $25,000 or 4% of the first mortgage.
First-generation homebuyers can receive up to $25,000 regardless of loan size.
No monthly payments; repayment deferred until the first mortgage is paid or after 30 years.
CHFA HomeAccess Program
The HomeAccess program offers a zero-interest second loan up to $25,000 for first-time buyers or qualified veterans with a permanent disability, or custodial parents of a child with a permanent disability. It pairs with FHA 203(b) or USDA-RD loans.
In 2024 alone, CHFA served 5,291 homeowners with loans and invested $76.8 million in down-payment assistance.
Should Englewood Homeowners Refinance or Tap a HELOC in 2025?
Refinance Breakeven Math
Refinancing makes sense when the interest savings recoup closing costs before you plan to move. Closing costs on a refinance typically range from 2% to 6% of the loan principal.
Example: If refinancing a $400,000 balance saves you $150 per month and costs $8,000 to close, your breakeven is about 53 months. If you plan to stay longer, the refi pays off.
Current Colorado refinance rates sit around 5.72% for a 15-year fixed and 6.31% for a 30-year fixed. Rates are higher than recent lows, so run the numbers carefully.
HELOC Considerations
"The national average HELOC interest rate is 7.63% as of Dec. 17, 2025," according to Bankrate's survey. That is the lowest level in about two years, driven by three Fed rate cuts in 2025.
HELOC pros:
Revolving credit you draw as needed.
Generally quick to secure and less expensive than a full refinance.
Preserves your low-rate first mortgage if you locked during 2020–2021.
HELOC cons:
Variable rate tied to Fed policy.
Your home is collateral.
On average, mortgage-holding homeowners' equity stakes have risen 142% since 2020. That equity cushion makes HELOCs attractive for renovations, debt consolidation, or college tuition. Chestnut's AI continues monitoring market conditions after closing and can alert you when refinancing opportunities arise.
Don't Let Fees Erase Your Rate Savings: Closing-Cost Math for Englewood
A rock-bottom rate means little if closing costs consume your savings.
What Colorado Buyers Pay
According to ClosingCorp data, "the average closing cost in Colorado is $3,658.59 after taxes, or approximately 0.73% to 0.91% of the final home sale price." That figure excludes lender fees, which push most buyers into the 1.5% to 3% range.
Purchase Price | Estimated Closing Costs |
|---|---|
$400,000 | $8,000–$12,000 |
$600,000 | $10,000–$14,000 |
$800,000 | $12,000–$16,000 |
Source: CO Homes and Loans
Colorado's state documentary fee is just $0.01 per $100 of the sale price, so transfer taxes are minimal compared to other states.
Tactics to Soften the Impact
Negotiate seller credits. In a balanced market, sellers often contribute toward buyer closing costs.
Use lender credits. Accept a slightly higher rate in exchange for the lender covering part of your fees.
Explore buydowns. A 2-1 buydown reduces your rate in the first two years; CHFA now offers permanent buydowns on FHA, VA, and USDA-RD loans.
Leverage down-payment assistance. CHFA grants can cover closing costs in addition to the down payment.
For more strategies, see How Mortgage Rates Work.
Key Takeaways: Lock In Your Englewood Rate With Chestnut
National 30-year fixed rates hover near 6.20%–6.30%, and daily swings can cost or save thousands.
Chestnut's AI technology has consistently delivered rates approximately 0.50 percentage points below market averages, comparing offers from 100+ lenders in under two minutes.
CHFA programs offer up to $25,000 in down-payment or closing-cost assistance, often with no monthly payments.
Refinancing and HELOCs can unlock equity, but run the breakeven math first.
Closing costs in Colorado average 1.5%–3% of the purchase price; seller credits, lender credits, and buydowns can offset them.
Chestnut's service extends beyond closing. The AI continues monitoring market conditions and can alert you to refinancing opportunities as rates evolve. If you are ready to see what rate you qualify for, start your quote at Chestnut Mortgage and get an answer in under two minutes.
Frequently Asked Questions
What are the current average mortgage rates in Englewood, CO?
As of December 2025, the average rate for a 30-year fixed mortgage is around 6.20%, while a 15-year fixed mortgage averages 5.49%. Rates can fluctuate daily, so it's important to monitor them closely.
How does Chestnut Mortgage offer better rates than traditional lenders?
Chestnut Mortgage uses AI technology to compare offers from over 100 lenders in real-time, often securing rates approximately 0.5 percentage points lower than the national average for a 30-year fixed mortgage.
What down-payment assistance programs are available in Englewood, CO?
The Colorado Housing and Finance Authority (CHFA) offers several programs, including grants and second mortgage loans, which can provide up to $25,000 for down payments and closing costs.
Should I consider refinancing my mortgage in 2025?
Refinancing can be beneficial if the interest savings outweigh the closing costs before you plan to move. Current refinance rates in Colorado are around 5.72% for a 15-year fixed and 6.31% for a 30-year fixed mortgage.
What are the benefits of using a HELOC in 2025?
A HELOC offers revolving credit that you can draw as needed, often with lower costs than a full refinance. It's ideal for homeowners with significant equity looking to fund renovations or consolidate debt.
Sources
https://www.bankrate.com/mortgages/todays-rates/mortgage-rates-for-monday-december-8-2025/
https://chestnutmortgage.com/resources/chestnut-ai-delivers-0-50-point-rate-advantage-2025
https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20250917.pdf
https://www.chfainfo.com/real-estate-professionals/housing-statistics
https://www.ent.com/personal/loans/mortgage/refinance-loans/
https://www.bankrate.com/home-equity/home-equity-loan-rates-higher-helocs-fall-september-10-2025/
https://www.finder.com/mortgages/closing-costs/closing-costs-in-colorado
https://www.cohomesandloans.com/average-closing-costs-buyer-colorado/
https://www.homelight.com/blog/closing-cost-calculator-colorado/
https://chestnutmortgage.com/resources/how-mortgage-rates-work-(and-how-to-get-the-best-one