Select your Scenario
Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
See Safe Rate's top scoring lenders for Lamar School District Re-2
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.909%APR 6.946% | 0 pts$0 | $1,922/moP&I $1,922 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.942%APR 6.711% | 0 pts$0 | $1,904/moP&I $1,768 · MI $136 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.010%APR 6.062% | 0 pts$0 | $1,750/moP&I $1,750 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.941%APR 6.978% | 0 pts$0 | $1,928/moP&I $1,928 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.672% | 0 pts$0 | $2,064/moP&I $2,064 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.010% | 6.062% | 0 pts ($0) | $2,462/mo | $49,226 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.976% | 6.028% | 0 pts ($0) | $3,071/mo | $68,281 |
Condo 10% Down | 10% | 720 credit score | 7.190% | 7.360% | 0 pts ($0) | $2,224/mo | $78,076 |
Conventional 10% Down | 10% | 720 credit score | 6.611% | 6.767% | 0 pts ($0) | $2,097/mo | $72,352 |
Conventional 20% Down | 20% | 740 credit score | 6.909% | 6.946% | 0 pts ($0) | $1,922/mo | $59,495 |
Conventional 5% Down | 5% | 700 credit score | 7.027% | 7.506% | 0 pts ($0) | $2,310/mo | $80,712 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.352% | 7.391% | 0 pts ($0) | $2,512/mo | $86,345 |
Conventional High Balance | 10% | 740 credit score | 7.017% | 7.050% | 0 pts ($0) | $2,186/mo | $74,397 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.819% | 7.195% | 0 pts ($0) | $2,309/mo | $83,377 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.941% | 6.978% | 0 pts ($0) | $2,411/mo | $81,828 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,008/mo | $71,712 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.942% | 6.711% | 0 pts ($0) | $2,132/mo | $74,668 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,208/mo | $77,309 |
FHA Streamline Refi | 0% | 640 credit score | 6.060% | 6.831% | 0 pts ($0) | $2,238/mo | $78,691 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.993% | 7.237% | 0 pts ($0) | $2,302/mo | $83,473 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,280/mo | $44,647 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.672% | 0 pts ($0) | $1,935/mo | $61,681 |
Jumbo Conforming | 20% | 760 credit score | 7.073% | 7.106% | 0 pts ($0) | $1,954/mo | $60,937 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,119/mo | $64,985 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.300% | 7.075% | 0 pts ($0) | $2,215/mo | $78,520 |
Second Home 10% Down | 10% | 720 credit score | 5.947% | 6.520% | 0 pts ($0) | $1,956/mo | $65,801 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,917/mo | $59,276 |
VA 0% Down | 0% | 700 credit score | 6.056% | 6.301% | 0 pts ($0) | $2,246/mo | $74,245 |
VA Cash-Out Refi | 0% | 640 credit score | 6.065% | 6.434% | 0 pts ($0) | $2,248/mo | $74,346 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.072% | 6.225% | 0 pts ($0) | $2,250/mo | $74,424 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,006/mo | $63,452 |
Frequently Asked Questions
What are today's mortgage rates in Lamar School District RE-2, CO across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Lamar School District RE-2, CO is 6.909% (with an estimated monthly payment of $2,157). Active program rates also include FHA 30-year fixed loans at 5.942% and VA 0%-down fixed loans at 6.056%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Lamar School District RE-2, CO?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in Lamar School District RE-2, CO have fluctuated between a low of 6.537% and a high of 6.987%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in Lamar School District RE-2, CO?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $364,490 in Lamar School District RE-2, CO, a standard 20%-down Conventional loan requires an upfront cash down payment of $72,898 but keeps your monthly payment lower at $2,157/mo (at 6.909% interest) with no monthly PMI. In comparison, an FHA loan requires only $12,757 (3.5% down) but has an estimated payment of $2,393/mo (at 5.942% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $351,733 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Lamar School District RE-2 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Lamar School District RE-2 is $806,501. With a typical local home value of $364,490 in , a standard 20%-down mortgage requires a loan size of $291,592. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in Lamar School District RE-2, CO impact estimated mortgage payments?
The median home value in Lamar School District RE-2, CO is estimated at $364,490. Buying a typical home here with a standard 20% down payment ($72,898) translates to an estimated starting monthly mortgage payment of $2,157 (principal and interest). Compared to the local area median household income of $87,623 ($7,302/mo), this basic housing payment represents approximately 29.5% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.