Best Mortgage Rates in El Paso County, Colorado
Colorado Springs area at the base of Pikes Peak with a strong military presence.
Rate data: Freddie Mac PMMS · Updated August 1, 2026 (build 2026-08-01)
| Loan Type | El Paso County | Colorado Avg | National |
|---|---|---|---|
| 30-Year Fixed | 6.625% | 6.625% | 6.625% |
| 15-Year Fixed | 5.875% | 5.875% | 5.875% |
| 30-Year FHA | 6.375% | 6.375% | 6.375% |
| 30-Year VA | 6.125% | 6.125% | 6.125% |
County figures are the Colorado average adjusted for local market conditions. Actual rates vary by lender, credit score, and loan size.
See your real rate — free, no obligation
Compare offers from top lenders. Takes 2 minutes, no credit impact.
Compare Lenders →Calculate your El Paso County monthly payment
Principal, interest, taxes, insurance & PMI — the true monthly cost.
Frequently Asked Questions
What is the average mortgage rate in El Paso County, Colorado?
The average 30-year fixed rate in El Paso County is about 6.625% as of August 1, 2026, based on the state average of 6.625% adjusted for local market conditions. Your actual rate depends on credit score, loan size, and lender.
How much house can I afford in El Paso County?
With a typical 20% down payment and the 6.625% county-average rate, a $100,000 household income qualifies for roughly a $400,000-$450,000 home before property taxes and insurance. Use our affordability calculator for your exact numbers.
Should I get a 15-year or 30-year mortgage in El Paso County?
A 15-year loan runs about 5.875% in El Paso County — around 0.75% lower than a 30-year — but the monthly payment is roughly 40-50% higher. Choose 15 years if you want to minimize total interest; choose 30 if monthly cash flow matters more.