Denver-Aurora-Centennial, CO metro: mortgages and home buyers
2025 home-purchase and refinance statistics for the 10-county Denver-Aurora-Centennial, CO area (OMB code 19740), from official HMDA records.
In 2025, lenders reported 34,536 home-purchase mortgages for owner-occupied, single-family homes in the Denver-Aurora-Centennial, CO metro area. The median buyer borrowed $495,000 on a home valued at $595,000 and reported a household income of $146,000.
Buyers financed a median 85.2% of the home's value (roughly 14.8% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $4,650.
Lenders denied 6.2% of completed home-purchase applications.
Key facts
- Home buyers' median income ($146,000) is 26% higher than the U.S. median ($116,000).
- The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
- Median conventional loan costs ($4,650) were 17% lower than the U.S. median ($5,570).
- 45.2% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- The most common age bracket among borrowers was 25–34 (36.3% of purchase loans).
- 45.5% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (42.3% of denials with a stated reason).
Counties in the metro area
| County | Purchase loans | Median loan | Buyer income | 30-yr rate | Loan costs | Conforming limit | FHA limit |
|---|---|---|---|---|---|---|---|
| Arapahoe County, CO | 6,982 | $455,000 | $126,000 | 6.500% | $4,930 | $862,500 | $862,500 |
| Jefferson County, CO | 6,423 | $515,000 | $160,000 | 6.500% | $4,680 | $862,500 | $862,500 |
| Denver County, CO | 6,512 | $485,000 | $150,000 | 6.500% | $4,780 | $862,500 | $862,500 |
| Adams County, CO | 6,665 | $455,000 | $125,000 | 6.499% | $4,950 | $862,500 | $862,500 |
| Douglas County, CO | 6,040 | $595,000 | $185,000 | 6.500% | $4,290 | $862,500 | $862,500 |
| Broomfield County, CO | 799 | $515,000 | $167,000 | 6.500% | $4,220 | $862,500 | $862,500 |
| Elbert County, CO | 675 | $565,000 | $158,000 | 6.375% | $4,300 | $862,500 | $862,500 |
| Park County, CO | 267 | $465,000 | $134,000 | 6.624% | $4,900 | $862,500 | $862,500 |
| Clear Creek County, CO | 113 | $455,000 | $146,000 | 6.500% | $4,760 | $862,500 | $862,500 |
| Gilpin County, CO | 60 | $485,000 | $150,000 | 6.625% | $4,460 | $862,500 | $862,500 |
Who bought homes in Denver
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Denver
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Denver | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.500% | 6.625% |
| 30-year fixed rate · FHA | 6.125% | 6.250% |
| 30-year fixed rate · VA | 5.990% | 6.125% |
| 15-year fixed rate · conventional | 5.750% | 5.875% |
| Rate spread vs. APOR · conventional | +0.02 pts | +0.13 pts |
| Total loan costs · conventional | $4,650 | $5,570 |
| Total loan costs · FHA | $14,750 | $11,310 |
| Total loan costs · VA | $6,020 | $6,490 |
| Origination charges (all loan types) | $2,250 | $1,860 |
| Borrowers paying discount points | 54.7% | 51.3% |
| Points paid, when paid (% of loan) | 1.00% | 0.87% |
| Borrowers receiving lender credits | 34.1% | 33.1% |
| Adjustable-rate mortgages | 9.4% | 7.4% |
| Jumbo loans (above conforming limit) | 7.3% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Denver: 2,355 of 37,921 completed home-purchase applications were denied (6.2%).
Denial rate
| Application | Denver | U.S. |
|---|---|---|
| Home purchase | 6.2% | 8.5% |
| Conventional | 5.1% | 7.1% |
| FHA | 10.0% | 12.5% |
| VA | 6.8% | 8.0% |
| USDA | — | 12.5% |
| Refinance | 17.3% | 17.9% |
| Cash-out refinance | 34.2% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Denver
Source: FFIEC/CFPB HMDA 2025 public LAR (derived MSA/MD); OMB July 2023 delineations via the U.S. Census Bureau. Methodology