Albuquerque VA Loans

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 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 154 lenders originated 5,820 VA loans during 2021. The total origination value was $1,570,320,000, with an average VA loan value of $269,814.

Albuquerque VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Albuquerque averaged 5.43% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.64% and one month ago for the week of 2022-04-15, the average rate was 5.3%.

The average rate one year ago was 3.29%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.07%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Albuquerque level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 486 2.42% $2,751
QUICKEN LOANS, LLC 455 2.46% $5,191
Mortgage Research Center, LLC 416 2.83% $6,605
PENNYMAC LOAN SERVICES, LLC 197 2.43% $6,217
USAA Federal Savings Bank 193 2.88% $4,549
Waterstone Mortgage Corporation 193 2.97% $8,709
LOANDEPOT.COM, LLC 175 2.64% $5,726
NAVY FEDERAL CREDIT UNION 154 2.46% $5,901
UNITED WHOLESALE MORTGAGE, LLC 135 2.50% $5,425
CLEARPATH LENDING 114 2.32% $4,599
LEGACY MORTGAGE LLC 103 2.97% $9,888
PRIMARY RESIDENTIAL MORTGAGE, INC. 102 3.19% $7,516
CALIBER HOME LOANS, INC. 99 2.63% $5,197
LAKEVIEW LOAN SERVICING, LLC 98 2.44% $3,006
NEW DAY FINANCIAL, LLC 97 2.86% $8,739
The Federal Savings Bank 89 2.54% $8,679
GUILD MORTGAGE COMPANY 88 2.78% $6,437
Mr. Cooper ( Nationstar Mortgage ) 73 2.88% $3,788
Wells Fargo Bank 67 2.54% $4,021
DHI MORTGAGE COMPANY, LTD. 64 2.75% $7,817
FINANCE OF AMERICA MORTGAGE LLC 59 3.00% $6,609
PULTE MORTGAGE LLC 55 2.79% $5,260
BOKF 54 2.91% $7,128
VILLAGE CAPITAL & INVESTMENT LLC 54 2.41% $3,813
HOME POINT FINANCIAL CORPORATION 53 2.38% $5,983
HOMEBRIDGE FINANCIAL SERVICES, INC. 51 2.64% $7,219
CMG MORTGAGE, INC. 45 2.82% $6,739
AMERICAN FINANCIAL NETWORK, INC. 44 2.55% $7,931
Kirtland Federal Credit Union 42 3.02% $4,158
CALCON MUTUAL MORTGAGE LLC 41 3.14% $6,088
HOMETRUST MORTGAGE COMPANY 41 2.82% $9,774
Barrington Bank & Trust Company, N.A. 40 2.67% $4,560
BROKER SOLUTIONS, INC. 38 2.61% $5,542
Low VA Rates, LLC 38 2.55% $4,752
BAY EQUITY LLC 38 2.78% $5,565
LOANPAL, LLC 36 2.53% $6,714
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 35 2.82% $8,461
ACADEMY MORTGAGE CORPORATION 34 3.05% $7,920
Plains Commerce Bank 33 2.60% $7,400
NEWREZ LLC 31 2.77% $3,181
VAN DYK MORTGAGE CORPORATION 29 3.05% $9,451
NUSENDA 28 2.97% $5,598
PENTAGON FEDERAL CREDIT UNION 28 2.33% $2,375
NBKC BANK 25 2.49% $6,674
PLAZA HOME MORTGAGE, INC. 24 2.65% $5,110
NP, Inc. 24 2.34% $4,542
Magnolia Bank 22 2.49% $7,543
PLANET HOME LENDING, LLC 21 2.52% $3,705
ACCELERATE MORTGAGE, LLC 20 2.22% $5,672
AMERISAVE MORTGAGE CORPORATION 20 2.55% $6,902
Carrington Mortgage Services, LLC 18 2.90% $4,235
CROSSCOUNTRY MORTGAGE, LLC 18 2.97% $7,299
Wallick & Volk, Inc. 17 3.14% $7,980
Commerce Home Mortgage, Inc. 17 2.96% $6,387
Flagstar Bank, FSB 16 2.66% $4,585
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 3.02% $7,803
AMERICAN PACIFIC MORTGAGE CORPORATION 15 3.00% $8,085
MID AMERICA MORTGAGE, INC. 15 2.61% $2,651
Sunflower Bank 15 3.00% $6,301
Bell Bank 14 2.63% $5,922
CONTOUR MORTGAGE CORPORATION 14 2.63% $4,558
Amerifirst Financial, Inc. 14 2.86% $5,575
MORTGAGE SOLUTIONS OF COLORADO, LLC 13 3.20% $5,581
Neighborhood Loans, Inc. 13 3.02% $10,979
First Guaranty Mortgage Corporation 12 2.43% $4,961
SOVEREIGN LENDING GROUP INCORPORATED 12 2.59% $7,107
SANDIA AREA 12 2.69% $4,777
MUTUAL OF OMAHA MORTGAGE, INC. 12 2.58% $5,101
Gateway First Bank 12 2.82% $5,929
GUARANTEED RATE, INC. 10 2.66% $5,292
STEARNS LENDING, LLC 10 2.81% $6,869
AMCAP MORTGAGE, LTD. 9 2.97% $8,505
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 3.04% $7,535
AMERICAN FINANCING CORPORATION 9 2.62% $5,064
First Home Bank 9 2.31% $3,545
North American Savings Bank, F.S.B. 8 2.42% $4,716
Goldwater Bank, N.A. 7 2.50% $5,846
SUN WEST MORTGAGE COMPANY, INC. 7 2.41% $2,327
BNC National Bank 6 2.31% $3,997
First Federal Bank 6 3.52% $7,192
KS StateBank 6 2.50% $5,340
Mid-Continent Funding, Inc. 6 2.73% $5,778
NTFN, INC. 6 2.92% $10,714
Strong Home Mortgage, LLC 5 2.33% $4,181
FIRST COMMUNITY MORTGAGE, INC. 5 2.53% $7,297
PANORAMA MORTGAGE GROUP, LLC 5 3.18% $11,393
Loan Simple, Inc. 5 3.15% $12,047
BKCO MORTGAGE, LLC 5 2.95% $8,777
Armed Forces Bank 4 2.31% $7,759
Century Mortgage Company DBA Century Lending Company 4 2.63% $6,776
SOUTHWEST FUNDING, LP 4 3.38% $9,435
V.I.P. MORTGAGE, INC. 4 2.63% $3,991
Nations Lending Corporation 4 2.69% $5,464
UNION HOME MORTGAGE CORP. 4 2.63% $10,040
MOUNTAIN AMERICA 4 2.25% $3,959
ZILLOW HOME LOANS, LLC 3 2.63% $8,757
U.S. Bank 3 3.00% $12,385
PHH Mortgage Corporation 3 3.54% $3,020
Manufacturers and Traders Trust Company 3 2.83% $4,811
SIRVA MORTGAGE, INC. 3 2.92% $7,485
Truist Bank 2 2.73% $1,667
KELLER MORTGAGE, LLC 2 2.75% $5,342
Wyndham Capital Mortgage, Inc. 2 2.25% $5,315
JAMES B. NUTTER & COMPANY 2 2.75% $2,792
MOVEMENT MORTGAGE, LLC 2 2.81% $6,419
Home Mortgage Alliance Corp 2 2.44% $6,134
NETWORK CAPITAL FUNDING CORPORATION 2 2.44% $2,422
GUARANTEED RATE AFFINITY, LLC 2 2.25% $4,089
First Savings Bank 2 3.00% $4,417
Paramount Bank 2 2.44% $2,570
First National Bank 2 2.44% $3,584
First Midwest Bank 2 2.38% $4,698
EVERETT FINANCIAL, INC. 2 2.88% $2,049
Prime Choice Funding Inc. 2 2.38% $2,090
EMBRACE HOME LOANS, INC. 2 2.56% $6,901
RELIANCE FIRST CAPITAL, LLC 2 2.63% $10,884
SECURITYNATIONAL MORTGAGE COMPANY 2 3.69% $9,309
CELEBRITY HOME LOANS, LLC 2 3.19% $8,133
The Central Trust Bank 2 2.25% $6,561
LEADERONE FINANCIAL CORPORATION 2 2.50% $9,395
DRAPER AND KRAMER MORTGAGE CORP. 1 2.50% $950
Watermark Capital, Inc. 1 2.38% $4,727
RESIDENTIAL BANCORP. 1 2.25% $3,273
Colonial Savings, F.A. 1 2.63% $3,470
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.00% $11,892
First National Bank Texas 1 3.00% $6,817
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.63% $2,758
SOUTHWEST STAGE FUNDING, LLC 1 3.25% $2,854
Citibank 1 2.88% $13,072
Northpointe Bank 1 3.13% $13,593
First State Bank 1 2.38% $2,770
SUBURBAN MORTGAGE, INC. 1 2.99% $8,544
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.75% $3,324
Capital Bank 1 2.25% $2,075
Texana Bank 1 2.50% $5,379
Meridian Bank Corporation 1 2.25% $5,910
Franklin Loan Corporation 1 2.75% $3,985
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 2.38% $26,524
UMB Bank 1 2.25% $2,503
HOMESIDE FINANCIAL, LLC 1 2.25% $20,493
Union Savings Bank 1 2.25% $8,138
BELEM SERVICING LLC 1 2.63% $10,699
UNIVERSAL LENDING CORPORATION 1 3.00% $10,795
Bank of the West 1 3.88% $3,848
HOMESPIRE MORTGAGE CORPORATION 1 3.00% $7,357
Bank of England 1 2.25% $7,301
ONE NEVADA CREDIT UNION 1 2.25% $5,351
FirstBank 1 2.25% $2,917
First American Bank 1 2.25% $6,996
PREMIA MORTGAGE, LLC 1 2.25% $9,040
Arvest Bank 1 2.75% $3,008
HOMESTEAD FUNDING CORP. 1 2.50% $3,012
Equity Prime Mortgage LLC 1 3.63% $8,784
InterContinental Capital Group, Inc 1 2.75% $2,505

The top Albuquerque VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 486 VA loans originated. Their average total fees are $2,751, which is $2,439 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Albuquerque VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($2,375), MID AMERICA MORTGAGE, INC. ($2,651), FREEDOM MORTGAGE CORPORATION ($2,751), LAKEVIEW LOAN SERVICING, LLC ($3,006) and NEWREZ LLC ($3,181).

The lowest rate Albuquerque VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.22%), CLEARPATH LENDING (2.32%), PENTAGON FEDERAL CREDIT UNION (2.33%), NP, Inc. (2.34%) and HOME POINT FINANCIAL CORPORATION (2.38%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Albuquerque (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 $239,900 (4.3%) $315,971 (4.0%) 0.88 2,804
2018-02-01 $245,000 (3.5%) $324,415 (5.5%) 0.88 2,710
2018-03-01 $248,900 (3.8%) $328,950 (6.5%) 0.86 2,643
2018-04-01 $251,495 (2.7%) $332,120 (5.3%) 0.84 2,775
2018-05-01 $259,900 (4.0%) $336,592 (4.9%) 0.87 2,959
2018-06-01 $260,000 (4.0%) $336,701 (3.6%) 0.87 3,183
2018-07-01 $253,500 (1.4%) $329,074 (0.7%) 0.85 3,367
2018-08-01 $250,000 (1.9%) $323,883 (-0.7%) 0.84 3,423
2018-09-01 $249,000 (1.7%) $322,982 (-0.3%) 0.83 3,369
2018-10-01 $249,700 (4.0%) $326,974 (1.4%) 0.84 3,343
2018-11-01 $250,000 (4.2%) $324,106 (2.0%) 0.84 3,138
2018-12-01 $249,900 (4.6%) $322,408 (1.4%) 0.86 2,870
2019-01-01 $249,700 (4.1%) $323,541 (2.4%) 0.86 2,498
2019-02-01 $254,886 (4.0%) $331,975 (2.3%) 0.85 2,409
2019-03-01 $265,857 (6.8%) $347,064 (5.5%) 0.87 2,292
2019-04-01 $275,000 (9.4%) $359,211 (8.2%) 0.87 2,298
2019-05-01 $279,000 (7.4%) $363,577 (8.0%) 0.86 2,455
2019-06-01 $279,310 (7.4%) $363,985 (8.1%) 0.86 2,657
2019-07-01 $274,950 (8.5%) $356,772 (8.4%) 0.85 2,667
2019-08-01 $271,957 (8.8%) $354,207 (9.4%) 0.86 2,611
2019-09-01 $269,325 (8.2%) $350,770 (8.6%) 0.86 2,529
2019-10-01 $275,000 (10.1%) $361,428 (10.5%) 0.88 2,625
2019-11-01 $275,000 (10.0%) $361,842 (11.6%) 0.89 2,443
2019-12-01 $275,000 (10.0%) $362,517 (12.4%) 0.92 2,102
2020-01-01 $281,400 (12.7%) $371,252 (14.8%) 0.94 1,791
2020-02-01 $294,500 (15.5%) $383,744 (15.6%) 0.95 1,720
2020-03-01 $299,500 (12.7%) $393,229 (13.3%) 0.94 1,671
2020-04-01 $299,950 (9.1%) $382,475 (6.5%) 0.93 1,783
2020-05-01 $317,005 (13.6%) $391,946 (7.8%) 0.96 1,676
2020-06-01 $343,860 (23.1%) $426,170 (17.1%) 1.00 1,470
2020-07-01 $345,785 (25.8%) $431,356 (20.9%) 0.99 1,343
2020-08-01 $349,000 (28.3%) $437,298 (23.5%) 1.00 1,317
2020-09-01 $348,250 (29.3%) $432,376 (23.3%) 1.00 1,314
2020-10-01 $334,990 (21.8%) $427,544 (18.3%) 0.96 1,292
2020-11-01 $325,000 (18.2%) $418,239 (15.6%) 0.93 1,270
2020-12-01 $320,000 (16.4%) $416,080 (14.8%) 0.94 1,061
2021-01-01 $318,000 (13.0%) $416,383 (12.2%) 0.94 849
2021-02-01 $322,495 (9.5%) $415,465 (8.3%) 0.93 739
2021-03-01 $324,930 (8.5%) $426,240 (8.4%) 0.91 702
2021-04-01 $327,000 (9.0%) $440,048 (15.1%) 0.88 678
2021-05-01 $335,000 (5.7%) $449,031 (14.6%) 0.88 719
2021-06-01 $349,000 (1.5%) $447,396 (5.0%) 0.91 852
2021-07-01 $342,450 (-1.0%) $441,468 (2.3%) 0.89 948
2021-08-01 $343,745 (-1.5%) $450,611 (3.0%) 0.90 987
2021-09-01 $348,495 (0.1%) $460,185 (6.4%) 0.92 1,021
2021-10-01 $365,000 (9.0%) $473,455 (10.7%) 0.96 956
2021-11-01 $366,950 (12.9%) $481,209 (15.1%) 0.97 823
2021-12-01 $359,495 (12.3%) $481,028 (15.6%) 0.96 688
2022-01-01 $369,000 (16.0%) $488,551 (17.3%) 0.98 593
2022-02-01 $371,745 (15.3%) $493,513 (18.8%) 0.95 550
2022-03-01 $375,000 (15.4%) $491,230 (15.3%) 0.93 536
2022-04-01 $384,500 (17.6%) $497,670 (13.1%) 0.90 578
Albuquerque's median listing price for 2022-04-01 was $384,500, a difference of $57,500 (17.6%) versus the prior year and $9,500 versus the prior month.

Albuquerque's median listing price comes in at 90% of the national average.

Albuquerque's average listing price for 2022-04-01 was $497,670, a difference of $57,622 (13.1%) versus the prior year and $6,440 versus the prior month.

For the 2022-04-01 period, Albuquerque had 578 MLS listings, a difference of 42 listings (8%) versus the prior month and -100 listings (-15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Albuquerque (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 74 days 1,999 sqft
2018-02-01 65 days 2,031 sqft
2018-03-01 51 days 2,057 sqft
2018-04-01 47 days 2,077 sqft
2018-05-01 46 days 2,081 sqft
2018-06-01 48 days 2,083 sqft
2018-07-01 51 days 2,059 sqft
2018-08-01 53 days 2,047 sqft
2018-09-01 58 days 2,025 sqft
2018-10-01 60 days 2,027 sqft
2018-11-01 62 days 2,026 sqft
2018-12-01 69 days 2,025 sqft
2019-01-01 72 days 2,017 sqft
2019-02-01 65 days 2,033 sqft
2019-03-01 54 days 2,095 sqft
2019-04-01 46 days 2,151 sqft
2019-05-01 44 days 2,152 sqft
2019-06-01 49 days 2,147 sqft
2019-07-01 46 days 2,106 sqft
2019-08-01 49 days 2,086 sqft
2019-09-01 51 days 2,059 sqft
2019-10-01 52 days 2,103 sqft
2019-11-01 58 days 2,085 sqft
2019-12-01 67 days 2,063 sqft
2020-01-01 68 days 2,107 sqft
2020-02-01 53 days 2,133 sqft
2020-03-01 43 days 2,125 sqft
2020-04-01 44 days 2,103 sqft
2020-05-01 51 days 2,150 sqft
2020-06-01 49 days 2,245 sqft
2020-07-01 43 days 2,269 sqft
2020-08-01 37 days 2,281 sqft
2020-09-01 40 days 2,237 sqft
2020-10-01 41 days 2,194 sqft
2020-11-01 42 days 2,136 sqft
2020-12-01 53 days 2,140 sqft
2021-01-01 57 days 2,099 sqft
2021-02-01 46 days 2,038 sqft
2021-03-01 42 days 2,053 sqft
2021-04-01 41 days 2,068 sqft
2021-05-01 37 days 2,064 sqft
2021-06-01 36 days 2,070 sqft
2021-07-01 36 days 2,023 sqft
2021-08-01 37 days 2,036 sqft
2021-09-01 39 days 2,027 sqft
2021-10-01 43 days 2,119 sqft
2021-11-01 47 days 2,055 sqft
2021-12-01 50 days 2,000 sqft
2022-01-01 56 days 2,009 sqft
2022-02-01 42 days 1,992 sqft
2022-03-01 39 days 2,008 sqft
2022-04-01 37 days 2,001 sqft
Albuquerque's median listing age (time on market) for 2022-04-01 was 37 days. This is -10% shorter than the same period one year ago.

Albuquerque's median square footage for active listings during the 2022-04-01 period was 2,001 sqft. One year prior, the average listing was 2,068 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.