Albuquerque VA Loan Rates, Closing Costs & Stats

ALBUQUERQUE, NM

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    • 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.