Alamogordo VA Loan Rates, Closing Costs & Stats

Alamogordo, NM

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Alamogordo's 65 lenders originated 495 VA loans during 2022. The total origination value was $116,105,000, with an average VA loan value of $234,556.

Alamogordo VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Alamogordo averaged -0.4% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Alamogordo's average VA mortgage closing costs are $5,495.

The average rate for the prior week (2024-02-16) was 6.18% and one month ago for the week of 2024-01-19, the average rate was 6.13%.

The average rate one year ago was 6.05%.

For refis of the same type during the week of 2024-02-23, the average rate was -0.2%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Alamogordo VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Alamogordo level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 86 5.14% $7,250
MID AMERICA MORTGAGE, INC. 74 4.95% $4,242
Gateway First Bank 35 5.01% $7,461
NAVY FEDERAL CREDIT UNION 27 4.70% $7,907
HOMEOWNERS FINANCIAL GROUP USA, LLC 23 4.78% $6,487
QUICKEN LOANS, LLC 22 4.00% $7,305
NBKC BANK 22 4.41% $6,947
PLANET HOME LENDING, LLC 21 5.04% $10,750
USAA Federal Savings Bank 20 4.61% $7,372
CMG MORTGAGE, INC. 14 4.17% $9,480
PENNYMAC LOAN SERVICES, LLC 11 3.72% $7,513
LOANDEPOT.COM, LLC 10 4.20% $7,258
Wells Fargo Bank 8 3.45% $6,599
FREEDOM MORTGAGE CORPORATION 8 5.12% $9,215
Armed Forces Bank 7 4.34% $8,323
DAS Acquisition Company, LLC 4 5.00% $6,938
PENTAGON FEDERAL CREDIT UNION 4 3.13% $7,678
UNITED WHOLESALE MORTGAGE, LLC 4 4.39% $6,762
GUARANTEED RATE, INC. 4 4.01% $5,308
BROKER SOLUTIONS, INC. 4 4.59% $8,997
AMERISAVE MORTGAGE CORPORATION 4 3.75% $11,621
Mr. Cooper ( Nationstar Mortgage ) 4 5.09% $6,966
Sunflower Bank 3 4.91% $6,048
MANN FINANCIAL INC. 3 5.25% $5,978
NEW DAY FINANCIAL, LLC 3 5.21% $9,407
VILLAGE CAPITAL MORTGAGE 3 4.58% $7,645
Magnolia Bank 2 3.94% $6,482
GUILD MORTGAGE COMPANY 2 4.00% $9,560
First Western Trust Bank 2 5.88% $5,948
LAKEVIEW LOAN SERVICING, LLC 2 4.00% $3,816
LEGACY MORTGAGE LLC 2 6.25% $13,382
Barrington Bank & Trust Company, N.A. 2 4.31% $11,370
AMCAP MORTGAGE, LTD. 2 5.25% $12,979
CROSSCOUNTRY MORTGAGE, LLC 2 4.38% $9,786
LOANPAL, LLC 2 3.31% $25,842
Bank of America 2 4.50% $8,099
Waterstone Mortgage Corporation 2 5.19% $11,462
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.63% $3,703
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.87% $5,444
Wyndham Capital Mortgage, Inc. 1 3.13% $9,431
AMERICAN FINANCING CORPORATION 1 7.25% $13,720
BNC National Bank 1 3.25% $6,754
BOKF 1 7.00% $10,270
Carrington Mortgage Services, LLC 1 3.38% $5,411
CHERRY CREEK MORTGAGE, LLC 1 3.00% $13,137
Citizens Bank of Las Cruces 1 4.75% $15,626
CLEARPATH LENDING 1 3.75% $2,454
Commerce Home Mortgage, Inc. 1 4.88% $7,384
Equity Prime Mortgage LLC 1 6.25% $2,250
EVERETT FINANCIAL, INC. 1 5.63% $8,397
FIRST COMMUNITY MORTGAGE, INC. 1 3.38% $5,031
First National Bank 1 5.00% $5,368
Flagstar Bank, FSB 1 4.75% $8,374
FLAT BRANCH MORTGAGE, INC. 1 5.13% $16,457
JPMorgan Chase Bank 1 5.25% $3,099
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $9,882
MOVEMENT MORTGAGE, LLC 1 5.25% $4,655
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.63% $6,217
North American Savings Bank, F.S.B. 1 2.50% $6,616
NUSENDA 1 4.88% $7,917
Old National Bank 1 5.13% $6,448
Paramount Residential Mortgage Group, Inc. 1 5.63% $7,412
Stifel Bank and Trust 1 4.75% $1,239
The Federal Savings Bank 1 6.63% $19,331
ACADEMY MORTGAGE CORPORATION 1 6.25% $10,691

The top Alamogordo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 86 VA loans originated. Their average total fees are $7,250, which is $3,008 higher than the next largest lender, MID AMERICA MORTGAGE, INC..

The lowest fee Alamogordo VA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,242), HOMEOWNERS FINANCIAL GROUP USA, LLC ($6,487), NBKC BANK ($6,947), Mortgage Research Center, LLC ($7,250) and LOANDEPOT.COM, LLC ($7,258).

The lowest rate Alamogordo VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.72%), QUICKEN LOANS, LLC (4.00%), CMG MORTGAGE, INC. (4.17%), LOANDEPOT.COM, LLC (4.20%) and NBKC BANK (4.41%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Alamogordo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $178,250 (11.7%) $203,193 (7.9%) 0.00 646
2018-02-01 $179,375 (12.4%) $204,550 (8.0%) 0.00 636
2018-03-01 $179,600 (12.3%) $206,979 (5.6%) 0.00 613
2018-04-01 $183,250 (11.1%) $209,998 (5.7%) 0.00 602
2018-05-01 $180,000 (9.1%) $211,078 (6.6%) 0.00 589
2018-06-01 $177,000 (3.0%) $213,520 (1.1%) 0.00 578
2018-07-01 $178,875 (4.2%) $219,803 (2.7%) 0.00 572
2018-08-01 $179,700 (5.8%) $223,910 (4.6%) 0.00 569
2018-09-01 $179,800 (5.8%) $222,914 (4.1%) 0.00 537
2018-10-01 $179,250 (2.6%) $223,419 (9.5%) 0.00 506
2018-11-01 $173,574 (-0.5%) $221,456 (11.0%) 0.00 473
2018-12-01 $174,900 (0.5%) $224,783 (13.4%) 0.00 450
2019-01-01 $182,450 (2.4%) $230,514 (13.5%) 0.00 425
2019-02-01 $185,155 (3.2%) $229,014 (12.0%) 0.00 401
2019-03-01 $190,106 (5.9%) $228,638 (10.5%) 0.00 404
2019-04-01 $198,000 (8.1%) $229,094 (9.1%) 0.00 422
2019-05-01 $198,000 (10.0%) $229,142 (8.6%) 0.00 445
2019-06-01 $194,200 (9.7%) $228,173 (6.9%) 0.00 447
2019-07-01 $189,950 (6.2%) $227,316 (3.4%) 0.00 447
2019-08-01 $189,827 (5.6%) $226,965 (1.4%) 0.00 421
2019-09-01 $189,643 (5.5%) $224,988 (0.9%) 0.00 410
2019-10-01 $188,725 (5.3%) $221,139 (-1.0%) 0.00 398
2019-11-01 $178,750 (3.0%) $212,890 (-3.9%) 0.00 389
2019-12-01 $183,800 (5.1%) $217,780 (-3.1%) 0.00 367
2020-01-01 $188,150 (3.1%) $219,385 (-4.8%) 0.00 359
2020-02-01 $198,950 (7.5%) $229,727 (0.3%) 0.00 353
2020-03-01 $197,375 (3.8%) $229,001 (0.2%) 0.00 329
2020-04-01 $191,900 (-3.1%) $224,013 (-2.2%) 0.00 319
2020-05-01 $198,500 (0.3%) $231,280 (0.9%) 0.00 281
2020-06-01 $208,850 (7.5%) $244,059 (7.0%) 0.00 221
2020-07-01 $216,200 (13.8%) $245,058 (7.8%) 0.00 198
2020-08-01 $219,900 (15.8%) $257,050 (13.3%) 0.00 172
2020-09-01 $219,225 (15.6%) $258,885 (15.1%) 0.00 178
2020-10-01 $220,000 (16.6%) $285,813 (29.3%) 0.00 174
2020-11-01 $215,625 (20.6%) $277,890 (30.5%) 0.00 163
2020-12-01 $217,950 (18.6%) $317,098 (45.6%) 0.00 167
2021-01-01 $209,450 (11.3%) $309,082 (40.9%) 0.00 164
2021-02-01 $197,175 (-0.9%) $303,038 (31.9%) 0.00 138
2021-03-01 $187,150 (-5.2%) $309,051 (35.0%) 0.00 123
2021-04-01 $201,600 (5.1%) $332,885 (48.6%) 0.00 112
2021-05-01 $229,850 (15.8%) $351,157 (51.8%) 0.00 115
2021-06-01 $225,475 (8.0%) $338,535 (38.7%) 0.00 143
2021-07-01 $239,700 (10.9%) $355,242 (45.0%) 0.00 149
2021-08-01 $222,500 (1.2%) $366,797 (42.7%) 0.00 150
2021-09-01 $213,625 (-2.6%) $382,434 (47.7%) 0.00 145
2021-10-01 $239,250 (8.8%) $397,242 (39.0%) 0.00 136
2021-11-01 $255,850 (18.7%) $378,293 (36.1%) 0.00 132
2021-12-01 $267,250 (22.6%) $414,254 (30.6%) 0.00 119
2022-01-01 $264,950 (26.5%) $386,791 (25.1%) 0.00 107
2022-02-01 $267,375 (35.6%) $371,089 (22.5%) 0.00 87
2022-03-01 $288,475 (54.1%) $380,333 (23.1%) 0.00 85
2022-04-01 $269,000 (33.4%) $416,193 (25.0%) 0.00 98
2022-05-01 $257,225 (11.9%) $390,462 (11.2%) 0.00 119
2022-06-01 $266,250 (18.1%) $378,214 (11.7%) 0.00 134
2022-07-01 $270,000 (12.6%) $358,677 (1.0%) 0.00 160
2022-08-01 $273,450 (22.9%) $365,389 (-0.4%) 0.00 152
2022-09-01 $286,000 (33.9%) $372,690 (-2.6%) 0.00 130
2022-10-01 $284,500 (18.9%) $375,021 (-5.6%) 0.00 131
2022-11-01 $299,500 (17.1%) $394,317 (4.2%) 0.00 133
2022-12-01 $299,500 (12.1%) $396,434 (-4.3%) 0.00 135
2023-01-01 $304,750 (15.0%) $400,508 (3.6%) 0.00 130
2023-02-01 $316,635 (18.4%) $415,975 (12.1%) 0.00 114
2023-03-01 $325,225 (12.7%) $413,678 (8.8%) 0.00 112
2023-04-01 $299,700 (11.4%) $391,887 (-5.8%) 0.00 119
2023-05-01 $297,075 (15.5%) $371,935 (-4.7%) 0.00 135
2023-06-01 $334,725 (25.7%) $405,377 (7.2%) 0.00 137
2023-07-01 $319,350 (18.3%) $386,561 (7.8%) 0.00 148
2023-08-01 $335,750 (22.8%) $401,771 (10.0%) 0.00 142
2023-09-01 $319,600 (11.8%) $392,861 (5.4%) 0.00 153
2023-10-01 $315,000 (10.7%) $392,120 (4.6%) 0.00 166
2023-11-01 $299,600 (0.0%) $388,351 (-1.5%) 0.00 173
2023-12-01 $299,000 (-0.2%) $394,834 (-0.4%) 0.00 182
Alamogordo's median listing price for 2023-12-01 was $299,000, a difference of $-500 (-0.2%) versus the prior year and $-600 versus the prior month.

Alamogordo's median listing price comes in at 0% of the national average.

Alamogordo's average listing price for 2023-12-01 was $394,834, a difference of $-1,600 (-0.4%) versus the prior year and $6,483 versus the prior month.

For the 2023-12-01 period, Alamogordo had 182 MLS listings, a difference of 9 listings (5%) versus the prior month and 47 listings (35%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Alamogordo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,752 sqft
2018-02-01 0 days 1,750 sqft
2018-03-01 0 days 1,757 sqft
2018-04-01 0 days 1,782 sqft
2018-05-01 0 days 1,793 sqft
2018-06-01 0 days 1,775 sqft
2018-07-01 0 days 1,794 sqft
2018-08-01 0 days 1,812 sqft
2018-09-01 0 days 1,816 sqft
2018-10-01 0 days 1,818 sqft
2018-11-01 0 days 1,814 sqft
2018-12-01 0 days 1,820 sqft
2019-01-01 0 days 1,829 sqft
2019-02-01 0 days 1,840 sqft
2019-03-01 0 days 1,842 sqft
2019-04-01 0 days 1,858 sqft
2019-05-01 0 days 1,851 sqft
2019-06-01 0 days 1,844 sqft
2019-07-01 0 days 1,825 sqft
2019-08-01 0 days 1,818 sqft
2019-09-01 0 days 1,805 sqft
2019-10-01 0 days 1,792 sqft
2019-11-01 0 days 1,777 sqft
2019-12-01 0 days 1,803 sqft
2020-01-01 0 days 1,816 sqft
2020-02-01 0 days 1,853 sqft
2020-03-01 0 days 1,811 sqft
2020-04-01 0 days 1,801 sqft
2020-05-01 0 days 1,800 sqft
2020-06-01 0 days 1,827 sqft
2020-07-01 0 days 1,826 sqft
2020-08-01 0 days 1,875 sqft
2020-09-01 0 days 1,808 sqft
2020-10-01 0 days 1,803 sqft
2020-11-01 0 days 1,785 sqft
2020-12-01 0 days 1,780 sqft
2021-01-01 0 days 1,776 sqft
2021-02-01 0 days 1,767 sqft
2021-03-01 0 days 1,693 sqft
2021-04-01 0 days 1,778 sqft
2021-05-01 0 days 1,936 sqft
2021-06-01 0 days 1,871 sqft
2021-07-01 0 days 1,819 sqft
2021-08-01 0 days 1,786 sqft
2021-09-01 0 days 1,750 sqft
2021-10-01 0 days 1,860 sqft
2021-11-01 0 days 1,794 sqft
2021-12-01 0 days 1,901 sqft
2022-01-01 0 days 1,809 sqft
2022-02-01 0 days 1,801 sqft
2022-03-01 0 days 1,946 sqft
2022-04-01 0 days 1,942 sqft
2022-05-01 0 days 1,824 sqft
2022-06-01 0 days 1,818 sqft
2022-07-01 0 days 1,822 sqft
2022-08-01 0 days 1,854 sqft
2022-09-01 0 days 1,882 sqft
2022-10-01 0 days 1,900 sqft
2022-11-01 0 days 2,005 sqft
2022-12-01 0 days 2,008 sqft
2023-01-01 0 days 1,986 sqft
2023-02-01 0 days 2,019 sqft
2023-03-01 0 days 1,991 sqft
2023-04-01 0 days 1,945 sqft
2023-05-01 0 days 1,865 sqft
2023-06-01 0 days 1,951 sqft
2023-07-01 0 days 1,940 sqft
2023-08-01 0 days 1,971 sqft
2023-09-01 0 days 1,936 sqft
2023-10-01 0 days 1,915 sqft
2023-11-01 0 days 1,900 sqft
2023-12-01 0 days 1,895 sqft
Alamogordo's median listing age (time on market) for 2023-12-01 was 0 days.

Alamogordo's median square footage for active listings during the 2023-12-01 period was 1,895 sqft. One year prior, the average listing was 2,008 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.