Few Denver Mortgages Are Underwater, Report Says

October 22, 2015
Photo: Real estate in Denver
A sign stands outside a home for sale in south Denver. 

Rapidly rising home values in Denver may be hurting would-be buyers, but they are helping homeowners in a number of ways. One is the extraordinarily low number of mortgagees that exceed the actual value of the home --  fewer than almost anywhere in the country. 

Only about 4 percent of mortgages in the Denver metro area are seriously underwater, according to RealtyTrac. That’s just a fraction of the national rate of 12.7 percent and down sharply in a dramatic way from 2013 when nearly one in four homes were seriously underwater.  Colorado as a whole is also performing much better than the nation.