Albuquerque VA Loans

ALBUQUERQUE, NM

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.