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.