Current mortgage rates in Colorado for a 97% LTV loan

A loan-to-value ratio or LTV is a strong indicator of risk for the lender. It's a simple calculation of your loan amount divided by your purchase price. For a purchase, the amount of your down payment can reduce your LTV, but putting down the maximum that you can afford is not necessarily the best LTV strategy. Make sure to work with your Loan Coach to pick the best LTV for your situation. Use the guide below to learn more about how your LTV impacts your mortgage or checkout current mortgage rates across LTV ranges.

Interactive LTV Guide

95-100%: Your current LTV poses the highest risk to the lender so your approval chances will dramatically decrease but you get to put down the least amount of funds to close. This LTV does come with the extra added cost from private mortgage insurance (PMI), so make sure to factor that into your budget.

90-95%: Your current LTV poses a higher risk to the lender so your approval chances will decrease but you get to put down even less funds to close. This LTV does come with the extra added cost from private mortgage insurance (PMI), so make sure to factor that into your budget.

80-90%: Your current LTV poses moderate risk to the lender so your approval chances may decrease but you get to put down less funds to close. This LTV does come with the extra added cost from private mortgage insurance (PMI), so make sure to factor that into your budget.

60-80%: Your current LTV poses minimal risk to the lender so your approval chances will increase. You're also avoiding private mortgage insurance (PMI) so determine if putting down extra funds is worth the benefit of avoiding PMI.

less than 60%: Putting down 40% or more reduces the risk on your loan so the lender will reward you with the best pricing as reflected in your rate and/or fees.

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30-Year Fixed FHA

Mortgage payments
$1,569
Fees or (credits)
$2,489
Rate
2.375%
APR
2.836%

30-Year Fixed Home Possible

Mortgage payments
$1,595
Fees or (credits)
$6,389
Rate
2.500%
APR
2.789%

30-Year Fixed HomeReady

Mortgage payments
$1,622
Fees or (credits)
$2,901
Rate
2.625%
APR
2.848%

30-Year Fixed Super Conventional

Mortgage payments
$1,622
Fees or (credits)
$2,525
Rate
2.625%
APR
2.857%

30-Year Fixed

Mortgage payments
$1,648
Fees or (credits)
$3,147
Rate
2.750%
APR
2.993%

30-Year Fixed FHA

Mortgage payments
$1,648
Fees or (credits)
$6,647
Rate
2.750%
APR
3.319%

30-Year Fixed Elite FHA

Mortgage payments
$1,648
Fees or (credits)
$3,377
Rate
2.750%
APR
3.251%

30-Year Fixed FHA

Mortgage payments
$1,702
Fees or (credits)
$12,813
Rate
3.000%
APR
3.713%

30-Year Fixed HomeReady

Mortgage payments
$1,702
Fees or (credits)
$2,125
Rate
3.000%
APR
3.217%

30-Year Fixed Home Possible

Mortgage payments
$1,702
Fees or (credits)
$2,125
Rate
3.000%
APR
3.217%

30-Year Fixed

Mortgage payments
$1,730
Fees or (credits)
$2,173
Rate
3.125%
APR
3.364%

15-Year Fixed Super Conventional

Mortgage payments
$2,621
Fees or (credits)
$3,352
Rate
2.125%
APR
2.331%

15-Year Fixed

Mortgage payments
$2,668
Fees or (credits)
$894
Rate
2.375%
APR
2.505%

15-Year Fixed

Mortgage payments
$2,668
Fees or (credits)
$2,020
Rate
2.375%
APR
2.616%

15-Year Fixed FHA

Mortgage payments
$2,668
Fees or (credits)
$2,032
Rate
2.375%
APR
2.752%

15-Year Fixed

Mortgage payments
$2,716
Fees or (credits)
$2,977
Rate
2.625%
APR
2.822%

15-Year Fixed FHA

Mortgage payments
$2,740
Fees or (credits)
$9,413
Rate
2.750%
APR
3.410%

15-Year Fixed Elite FHA

Mortgage payments
$2,740
Fees or (credits)
$6,142
Rate
2.750%
APR
3.288%

15-Year Fixed FHA

Mortgage payments
$2,911
Fees or (credits)
$10,657
Rate
3.625%
APR
4.360%
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Pricing Assumptions

Interest rates, annual percentage rates (APRs), monthly payments, lifetime cost, and fees or credits, shown here are valid as of today and are subject to change without notice.

Loan assumptions: monthly payments, interest rates, APRs, fees or credits, lifetime cost, and products are based on the information you provided, including loan type, amortization type, transaction type, state, loan amount, down payment, purchase price or estimated value, credit score, property type, occupancy type, first time homebuyer status, and military status and are subject to verification. Should your credit score or other information you provided differ from what we verify, the actual monthly payments, interest rates, APRs, fees or credits, lifetime cost and products may be different from what is shown here.

Your APR and lifetime cost will vary based on your final loan amount and finance charges.

The APR and lifetime cost on all ARM products does not include potential payment changes that will occur once the initial fixed period is over.

The APR, monthly payments, lifetime cost, and credits and fees for the VA products do not include the required VA Funding Fee. The VA Funding Fee can range from .5% to 3.6% of your loan amount depending on several factors including but not limited to down payment amount, first time or subsequent use of a VA loan, and transaction type. The addition of the VA Funding Fee on VA loans could increase the monthly payments, fees, lifetime cost, and APR.

These rate quotes are not a commitment to lend. Any loan is subject to credit approval.

Mortgage payment amounts include principal and interest only and do not include homeowner's insurance, flood insurance (if applicable), mortgage insurance (if applicable) or property taxes that must be paid in addition to your loan payment.

Fees or credits shown are a combination of charges and points from the lender for the cost of originating the loan. These fees are commonly labeled as Origination, Application, Processing, Underwriting, or Administration fees on the Loan Estimate. These fees do not include all costs associated with originating your mortgage. Please visit the Consumer Financial Protection Bureau's website for more information on common costs associated with taking out a mortgage loan.

The APR, monthly payments, lifetime cost, and credits and fees for the FHA products do not include the required upfront mortgage insurance premium and the required annual mortgage insurance premium (collectively known as MIP). The upfront MIP is 1.75% of your loan amount and the annual MIP will vary in amount and duration depending on several factors including but not limited to loan amount, value and loan term. The addition of MIP on FHA loans could increase the monthly payments, fees, lifetime cost, and APR.