Albuquerque VA Loan Rates, Closing Costs & Stats
ALBUQUERQUE, 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.
Albuquerque's 132 lenders originated 2,188 VA
loans during 2024. The total origination value was $806,090,000, with an average VA loan value of
$368,414.
Albuquerque VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Albuquerque
averaged
0.07%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Albuquerque's average VA mortgage closing costs are $6,898.
The average rate for the prior week (2025-06-13) was
6.52% and
one month ago for the week of 2025-05-16, the
average rate was 6.78%.
The average rate one year ago was 6.58%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.31%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Albuquerque 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 Albuquerque level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
Mortgage Research Center, LLC
|
255
|
6.26%
|
$7,199
|
UNITED WHOLESALE MORTGAGE, LLC
|
241
|
5.96%
|
$7,650
|
FREEDOM MORTGAGE CORPORATION
|
137
|
6.18%
|
$10,362
|
Waterstone Mortgage Corporation
|
107
|
6.40%
|
$11,349
|
QUICKEN LOANS, LLC
|
95
|
6.07%
|
$11,119
|
GUILD MORTGAGE COMPANY
|
81
|
6.44%
|
$12,580
|
DHI MORTGAGE COMPANY, LTD.
|
79
|
5.12%
|
$7,785
|
NAVY FEDERAL CREDIT UNION
|
74
|
5.87%
|
$6,447
|
USAA Federal Savings Bank
|
57
|
6.27%
|
$8,863
|
LOANDEPOT.COM, LLC
|
53
|
5.94%
|
$11,617
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
51
|
6.49%
|
$12,248
|
PENNYMAC LOAN SERVICES, LLC
|
46
|
5.69%
|
$8,407
|
VILLAGE CAPITAL MORTGAGE
|
42
|
5.80%
|
$8,292
|
PULTE MORTGAGE LLC
|
39
|
5.32%
|
$11,021
|
BOKF
|
37
|
6.17%
|
$14,124
|
NEW DAY FINANCIAL, LLC
|
36
|
7.64%
|
$15,158
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
33
|
7.00%
|
$5,489
|
CMG MORTGAGE, INC.
|
33
|
6.37%
|
$10,189
|
The Federal Savings Bank
|
27
|
6.07%
|
$17,165
|
HOMETRUST MORTGAGE COMPANY
|
23
|
6.30%
|
$11,767
|
NEWREZ LLC
|
21
|
5.83%
|
$9,015
|
DIRECTORS MORTGAGE, INC.
|
19
|
6.52%
|
$12,017
|
CALCON MUTUAL MORTGAGE LLC
|
18
|
6.32%
|
$7,923
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
18
|
6.26%
|
$9,915
|
CLEARPATH LENDING
|
18
|
5.92%
|
$7,335
|
HOMEAMERICAN MORTGAGE CORPORATION
|
17
|
5.12%
|
$4,249
|
LAKEVIEW LOAN SERVICING, LLC
|
17
|
5.58%
|
$7,303
|
CROSSCOUNTRY MORTGAGE, LLC
|
16
|
6.70%
|
$9,734
|
Magnolia Bank
|
14
|
5.79%
|
$14,499
|
Century Mortgage Company DBA Century Lending Company
|
14
|
6.35%
|
$8,085
|
GUARANTEED RATE, INC.
|
14
|
6.34%
|
$8,663
|
Bell Bank
|
14
|
6.13%
|
$9,572
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
13
|
6.49%
|
$10,979
|
Mr. Cooper ( Nationstar Mortgage )
|
13
|
6.16%
|
$11,647
|
First Federal Bank
|
12
|
5.78%
|
$7,789
|
MOVEMENT MORTGAGE, LLC
|
11
|
6.57%
|
$11,267
|
Sunflower Bank
|
11
|
6.40%
|
$10,689
|
BROKER SOLUTIONS, INC.
|
11
|
6.14%
|
$7,053
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
11
|
6.30%
|
$16,959
|
SUN WEST MORTGAGE COMPANY, INC.
|
10
|
5.81%
|
$15,493
|
Barrington Bank & Trust Company, N.A.
|
9
|
6.07%
|
$5,068
|
NBKC BANK
|
9
|
5.89%
|
$6,595
|
PLANET HOME LENDING, LLC
|
9
|
6.08%
|
$5,596
|
Sierra Pacific Mortgage Company, Inc.
|
8
|
5.98%
|
$6,247
|
NUSENDA
|
8
|
6.28%
|
$6,957
|
JPMorgan Chase Bank
|
7
|
5.94%
|
$9,423
|
MID AMERICA MORTGAGE, INC.
|
7
|
6.57%
|
$6,026
|
LOANPAL, LLC
|
7
|
5.80%
|
$12,307
|
BAY EQUITY LLC
|
6
|
6.46%
|
$4,789
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
6
|
6.27%
|
$10,771
|
Flagstar Bank, FSB
|
6
|
6.28%
|
$8,382
|
PENTAGON FEDERAL CREDIT UNION
|
6
|
5.73%
|
$8,884
|
Nations Lending Corporation
|
5
|
6.63%
|
$12,262
|
AMERISAVE MORTGAGE CORPORATION
|
5
|
5.90%
|
$17,812
|
CARDINAL FINANCIAL
|
5
|
6.00%
|
$17,297
|
Carrington Mortgage Services, LLC
|
5
|
5.70%
|
$14,639
|
Equity Prime Mortgage LLC
|
5
|
7.10%
|
$5,959
|
Kirtland Federal Credit Union
|
5
|
6.48%
|
$9,668
|
MORIA DEVELOPMENT, INC.
|
5
|
6.45%
|
$7,144
|
PLAZA HOME MORTGAGE, INC.
|
5
|
6.10%
|
$10,825
|
AMERICAN FINANCING CORPORATION
|
4
|
6.13%
|
$10,083
|
SOUTHWEST FUNDING, LP
|
4
|
6.00%
|
$7,176
|
MORTGAGEONE, INC.
|
4
|
6.41%
|
$9,620
|
Texana Bank
|
3
|
5.92%
|
$7,129
|
DAS Acquisition Company, LLC
|
3
|
6.58%
|
$7,600
|
UNION HOME MORTGAGE CORP.
|
3
|
6.63%
|
$12,844
|
ALLIANT CREDIT UNION
|
3
|
6.00%
|
$10,137
|
Bank of America
|
3
|
6.08%
|
$24,793
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
3
|
6.42%
|
$8,566
|
AmeriHome Mortgage Company, LLC
|
2
|
5.50%
|
$13,125
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
2
|
6.75%
|
$11,998
|
GARDNER FINANCIAL SERVICES, LTD.
|
2
|
6.19%
|
$20,712
|
U.S. Bank
|
2
|
6.31%
|
$5,296
|
VAN DYK MORTGAGE CORPORATION
|
2
|
6.44%
|
$20,198
|
VERITAS FUNDING, LLC
|
2
|
6.44%
|
$17,312
|
AMERICAN FINANCIAL NETWORK, INC.
|
2
|
6.31%
|
$10,686
|
V.I.P. MORTGAGE, INC.
|
2
|
5.63%
|
$9,836
|
PREMIA MORTGAGE, LLC
|
2
|
5.43%
|
$5,684
|
HOMESIDE FINANCIAL, LLC
|
2
|
5.88%
|
$6,224
|
INTERCAP LENDING INC.
|
2
|
5.56%
|
$6,507
|
CORNERSTONE HOME LENDING, INC.
|
2
|
6.50%
|
$14,297
|
Paramount Residential Mortgage Group, Inc.
|
2
|
6.25%
|
$12,299
|
ENVOY MORTGAGE, LTD
|
2
|
6.38%
|
$13,868
|
Plains Commerce Bank
|
2
|
5.56%
|
$20,330
|
Mid-Continent Funding, Inc.
|
2
|
6.50%
|
$10,121
|
Armed Forces Bank
|
2
|
6.44%
|
$8,125
|
SIRVA MORTGAGE, INC.
|
2
|
6.56%
|
$19,575
|
MICHIGAN MUTUAL, INC.
|
2
|
6.81%
|
$17,700
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
2
|
6.44%
|
$9,198
|
POLARIS HOME FUNDING CORP.
|
1
|
6.75%
|
$15,166
|
Presidential Bank, FSB
|
1
|
6.25%
|
$5,136
|
CADENCE LENDING GROUP, INC.
|
1
|
5.75%
|
$24,575
|
BMO Harris Bank
|
1
|
6.50%
|
$6,330
|
Prosperity Home Mortgage, LLC
|
1
|
5.63%
|
$13,569
|
BETTER MORTGAGE CORPORATION
|
1
|
6.13%
|
$14,732
|
RANLIFE, INC.
|
1
|
6.25%
|
$14,485
|
RELIANCE FIRST CAPITAL, LLC
|
1
|
7.25%
|
$9,148
|
ROYAL UNITED MORTGAGE LLC
|
1
|
7.00%
|
$21,735
|
S1L, Inc.
|
1
|
7.13%
|
$11,063
|
SUMMIT FUNDING, INC.
|
1
|
7.25%
|
$24,206
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
7.00%
|
$6,538
|
Watermark Capital, Inc.
|
1
|
6.25%
|
$4,488
|
Granite Community Bank
|
1
|
6.13%
|
$301
|
Ixonia Bank
|
1
|
5.75%
|
$4,153
|
AMERICA FIRST
|
1
|
6.38%
|
$5,916
|
LADERA LENDING, INC.
|
1
|
6.63%
|
$8,953
|
Goldwater Bank, N.A.
|
1
|
7.25%
|
$5,296
|
GENEVA FINANCIAL, LLC
|
1
|
7.00%
|
$5,976
|
Gateway First Bank
|
1
|
6.25%
|
$15,564
|
MASON MCDUFFIE MORTGAGE CORPORATION
|
1
|
6.63%
|
$22,555
|
MEGASTAR FINANCIAL CORP.
|
1
|
6.25%
|
$18,016
|
First Western Trust Bank
|
1
|
5.88%
|
$21,612
|
Wells Fargo Bank
|
1
|
6.88%
|
$18,320
|
MORTGAGE ACCESS CORP.
|
1
|
5.25%
|
$5,601
|
First Horizon Bank
|
1
|
6.00%
|
$15,312
|
FIRST COMMUNITY MORTGAGE, INC.
|
1
|
7.00%
|
$5,266
|
MOUNTAIN AMERICA
|
1
|
5.75%
|
$9,114
|
FIDELITY BANK
|
1
|
7.25%
|
$15,289
|
FBC MORTGAGE, LLC
|
1
|
6.25%
|
$5,157
|
M&T Bank
|
1
|
6.13%
|
$6,738
|
Farmers Bank & Trust
|
1
|
6.13%
|
$14,274
|
EVERETT FINANCIAL, INC.
|
1
|
5.38%
|
$5,797
|
NFM, INC.
|
1
|
6.25%
|
$13,343
|
North American Savings Bank, F.S.B.
|
1
|
5.25%
|
$9,740
|
NP, Inc.
|
1
|
7.13%
|
$7,345
|
Origin Bank
|
1
|
6.50%
|
$12,744
|
PANORAMA MORTGAGE GROUP, LLC
|
1
|
7.25%
|
$9,200
|
Core Bank
|
1
|
5.50%
|
$6,174
|
Citizens Bank of Las Cruces
|
1
|
6.75%
|
$3,496
|
PHH Mortgage Corporation
|
1
|
5.49%
|
$5,904
|
CASTLE & COOKE MORTGAGE, LLC
|
1
|
6.75%
|
$18,064
|
Zions Bank
|
1
|
6.63%
|
$3,353
|
The top Albuquerque VA lender as defined by loan originations is Mortgage Research Center, LLC, with
255 VA loans originated. Their average total fees are
$7,199, which is $451
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Albuquerque VA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($4,249), MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,489), NAVY FEDERAL CREDIT UNION ($6,447), BROKER SOLUTIONS, INC. ($7,053) and Mortgage Research Center, LLC ($7,199).
The lowest rate Albuquerque VA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION (5.12%), DHI MORTGAGE COMPANY, LTD. (5.12%), PULTE MORTGAGE LLC (5.32%), LAKEVIEW LOAN SERVICING, LLC (5.58%) and PENNYMAC LOAN SERVICES, LLC (5.69%).
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.