Carlsbad VA Loan Rates, Closing Costs & Stats

Carlsbad-Artesia, 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.

    Carlsbad's 24 lenders originated 62 VA loans during 2023. The total origination value was $19,490,000, with an average VA loan value of $314,355.

    Carlsbad VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Carlsbad averaged 0.23% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Carlsbad's average VA mortgage closing costs are $6,894.

    The average rate for the prior week (2024-11-08) was 6.64% and one month ago for the week of 2024-10-11, the average rate was 6%.

    The average rate one year ago was 7.39%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Carlsbad 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 Carlsbad level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 12 6.95% $8,597
    USAA Federal Savings Bank 6 6.48% $7,788
    NAVY FEDERAL CREDIT UNION 6 6.38% $3,773
    GENEVA FINANCIAL, LLC 4 6.81% $5,025
    QUICKEN LOANS, LLC 4 6.34% $9,206
    Prosperity Home Mortgage, LLC 3 6.79% $6,542
    CMG MORTGAGE, INC. 2 7.06% $6,885
    GUARANTEED RATE, INC. 2 6.24% $4,992
    ACADEMY MORTGAGE CORPORATION 2 6.31% $16,356
    UNITED WHOLESALE MORTGAGE, LLC 2 7.19% $2,475
    GUARANTEED RATE AFFINITY, LLC 2 6.75% $3,631
    GUILD MORTGAGE COMPANY 2 6.13% $16,382
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $14,739
    Sierra Pacific Mortgage Company, Inc. 1 7.13% $6,117
    Town Square Mortgage & Investments, Inc. 1 7.13% $5,934
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $7,252
    First Federal Bank 1 6.63% $11,835
    Gateway First Bank 1 7.75% $4,633
    LOANDEPOT.COM, LLC 1 6.00% $12,387
    MID AMERICA MORTGAGE, INC. 1 6.75% $3,755
    Barrington Bank & Trust Company, N.A. 1 6.75% $6,855
    CORNERSTONE HOME LENDING, INC. 1 6.62% $20,067
    Paramount Residential Mortgage Group, Inc. 1 7.25% $14,022
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $2,843

    The top Carlsbad VA lender as defined by loan originations is Mortgage Research Center, LLC, with 12 VA loans originated. Their average total fees are $8,597, which is $809 higher than the next largest lender, USAA Federal Savings Bank.

    The lowest fee Carlsbad VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,597), .

    The lowest rate Carlsbad VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.95%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Carlsbad (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 $181,725 (3.4%) $216,653 (1.5%) 0.00 205
    2018-02-01 $186,125 (4.8%) $222,254 (4.5%) 0.00 199
    2018-03-01 $189,000 (5.3%) $215,178 (1.1%) 0.00 203
    2018-04-01 $194,000 (4.9%) $220,383 (3.1%) 0.00 194
    2018-05-01 $208,750 (9.6%) $229,647 (6.2%) 0.00 194
    2018-06-01 $210,000 (13.5%) $234,461 (11.0%) 0.00 188
    2018-07-01 $204,925 (13.2%) $235,837 (12.6%) 0.00 188
    2018-08-01 $199,750 (9.5%) $235,098 (11.3%) 0.00 177
    2018-09-01 $235,000 (28.8%) $253,367 (19.3%) 0.00 182
    2018-10-01 $235,750 (30.4%) $255,620 (23.7%) 0.00 170
    2018-11-01 $232,500 (29.9%) $259,228 (22.4%) 0.00 155
    2018-12-01 $230,000 (26.2%) $266,848 (23.8%) 0.00 137
    2019-01-01 $228,250 (25.6%) $273,901 (26.4%) 0.00 133
    2019-02-01 $242,500 (30.3%) $287,437 (29.3%) 0.00 132
    2019-03-01 $235,000 (24.3%) $275,304 (27.9%) 0.00 150
    2019-04-01 $232,500 (19.9%) $263,099 (19.4%) 0.00 177
    2019-05-01 $262,200 (25.6%) $268,968 (17.1%) 0.00 199
    2019-06-01 $265,000 (26.2%) $274,524 (17.1%) 0.00 203
    2019-07-01 $268,453 (31.0%) $275,972 (17.0%) 0.00 202
    2019-08-01 $269,187 (34.8%) $275,227 (17.1%) 0.00 228
    2019-09-01 $268,488 (14.3%) $274,778 (8.5%) 0.00 246
    2019-10-01 $270,787 (14.9%) $275,255 (7.7%) 0.00 253
    2019-11-01 $273,853 (17.8%) $276,851 (6.8%) 0.00 248
    2019-12-01 $275,150 (19.6%) $278,862 (4.5%) 0.00 235
    2020-01-01 $275,705 (20.8%) $279,404 (2.0%) 0.00 233
    2020-02-01 $283,391 (16.9%) $284,278 (-1.1%) 0.00 240
    2020-03-01 $286,314 (21.8%) $292,750 (6.3%) 0.00 248
    2020-04-01 $287,619 (23.7%) $294,538 (12.0%) 0.00 234
    2020-05-01 $285,258 (8.8%) $281,402 (4.6%) 0.00 252
    2020-06-01 $276,200 (4.2%) $279,218 (1.7%) 0.00 245
    2020-07-01 $263,829 (-1.7%) $277,656 (0.6%) 0.00 242
    2020-08-01 $255,450 (-5.1%) $280,386 (1.9%) 0.00 229
    2020-09-01 $257,863 (-4.0%) $279,400 (1.7%) 0.00 231
    2020-10-01 $265,000 (-2.1%) $293,986 (6.8%) 0.00 240
    2020-11-01 $264,000 (-3.6%) $296,284 (7.0%) 0.00 234
    2020-12-01 $264,438 (-3.9%) $294,277 (5.5%) 0.00 231
    2021-01-01 $261,500 (-5.2%) $293,669 (5.1%) 0.00 232
    2021-02-01 $245,250 (-13.5%) $284,482 (0.1%) 0.00 264
    2021-03-01 $228,200 (-20.3%) $274,547 (-6.2%) 0.00 282
    2021-04-01 $228,000 (-20.7%) $272,855 (-7.4%) 0.00 289
    2021-05-01 $234,900 (-17.7%) $274,175 (-2.6%) 0.00 276
    2021-06-01 $240,750 (-12.8%) $271,799 (-2.7%) 0.00 261
    2021-07-01 $242,750 (-8.0%) $278,540 (0.3%) 0.00 255
    2021-08-01 $244,625 (-4.2%) $282,679 (0.8%) 0.00 260
    2021-09-01 $239,950 (-7.0%) $296,105 (6.0%) 0.00 253
    2021-10-01 $239,000 (-9.8%) $290,129 (-1.3%) 0.00 252
    2021-11-01 $239,000 (-9.5%) $289,563 (-2.3%) 0.00 261
    2021-12-01 $240,450 (-9.1%) $285,739 (-2.9%) 0.00 234
    2022-01-01 $252,450 (-3.5%) $294,294 (0.2%) 0.00 212
    2022-02-01 $250,750 (2.2%) $301,397 (6.0%) 0.00 214
    2022-03-01 $261,500 (14.6%) $308,863 (12.5%) 0.00 219
    2022-04-01 $250,000 (9.7%) $310,572 (13.8%) 0.00 145
    2022-05-01 $246,500 (4.9%) $304,565 (11.1%) 0.00 160
    2022-06-01 $244,500 (1.6%) $302,084 (11.1%) 0.00 174
    2022-07-01 $242,000 (-0.3%) $291,441 (4.6%) 0.00 194
    2022-08-01 $242,500 (-0.9%) $285,233 (0.9%) 0.00 173
    2022-09-01 $249,200 (3.9%) $299,264 (1.1%) 0.00 168
    2022-10-01 $239,900 (0.4%) $303,443 (4.6%) 0.00 171
    2022-11-01 $256,500 (7.3%) $301,082 (4.0%) 0.00 169
    2022-12-01 $265,000 (10.2%) $300,599 (5.2%) 0.00 148
    2023-01-01 $299,700 (18.7%) $335,534 (14.0%) 0.00 145
    2023-02-01 $300,500 (19.8%) $340,102 (12.8%) 0.00 137
    2023-03-01 $299,238 (14.4%) $342,103 (10.8%) 0.00 128
    2023-04-01 $290,000 (16.0%) $365,762 (17.8%) 0.00 109
    2023-05-01 $298,750 (21.2%) $338,952 (11.3%) 0.00 114
    2023-06-01 $314,362 (28.6%) $347,127 (14.9%) 0.00 112
    2023-07-01 $319,250 (31.9%) $367,328 (26.0%) 0.00 104
    2023-08-01 $310,883 (28.2%) $333,201 (16.8%) 0.00 116
    2023-09-01 $302,500 (21.4%) $317,504 (6.1%) 0.00 108
    2023-10-01 $296,000 (23.4%) $334,640 (10.3%) 0.00 109
    2023-11-01 $300,000 (17.0%) $331,350 (10.1%) 0.00 111
    2023-12-01 $310,850 (17.3%) $332,696 (10.7%) 0.00 102
    2024-01-01 $317,500 (5.9%) $339,900 (1.3%) 0.00 87
    2024-02-01 $315,213 (4.9%) $361,339 (6.2%) 0.00 76
    2024-03-01 $308,750 (3.2%) $360,340 (5.3%) 0.00 74
    2024-04-01 $295,500 (1.9%) $353,029 (-3.5%) 0.00 86
    2024-05-01 $311,225 (4.2%) $370,866 (9.4%) 0.00 88
    2024-06-01 $325,825 (3.7%) $374,548 (7.9%) 0.00 94
    2024-07-01 $333,280 (4.4%) $347,129 (-5.5%) 0.00 100
    2024-08-01 $317,450 (2.1%) $324,390 (-2.6%) 0.00 108
    2024-09-01 $288,900 (-4.5%) $314,902 (-0.8%) 0.00 118
    2024-10-01 $318,475 (7.6%) $331,881 (-0.8%) 0.00 137
    Carlsbad's median listing price for 2024-10-01 was $318,475, a difference of $22,475 (7.6%) versus the prior year and $29,575 versus the prior month.

    Carlsbad's median listing price comes in at 0% of the national average.

    Carlsbad's average listing price for 2024-10-01 was $331,881, a difference of $-2,759 (-0.8%) versus the prior year and $16,979 versus the prior month.

    For the 2024-10-01 period, Carlsbad had 137 MLS listings, a difference of 19 listings (16%) versus the prior month and 28 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Carlsbad (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,713 sqft
    2018-02-01 0 days 1,732 sqft
    2018-03-01 0 days 1,728 sqft
    2018-04-01 0 days 1,721 sqft
    2018-05-01 0 days 1,732 sqft
    2018-06-01 0 days 1,734 sqft
    2018-07-01 0 days 1,739 sqft
    2018-08-01 0 days 1,756 sqft
    2018-09-01 0 days 1,794 sqft
    2018-10-01 0 days 1,802 sqft
    2018-11-01 0 days 1,787 sqft
    2018-12-01 0 days 1,785 sqft
    2019-01-01 0 days 1,986 sqft
    2019-02-01 0 days 2,016 sqft
    2019-03-01 0 days 1,938 sqft
    2019-04-01 0 days 1,845 sqft
    2019-05-01 0 days 1,893 sqft
    2019-06-01 0 days 1,900 sqft
    2019-07-01 0 days 1,896 sqft
    2019-08-01 0 days 1,900 sqft
    2019-09-01 0 days 1,900 sqft
    2019-10-01 0 days 1,873 sqft
    2019-11-01 0 days 1,845 sqft
    2019-12-01 0 days 1,863 sqft
    2020-01-01 0 days 1,889 sqft
    2020-02-01 0 days 1,979 sqft
    2020-03-01 0 days 2,041 sqft
    2020-04-01 0 days 2,034 sqft
    2020-05-01 0 days 1,907 sqft
    2020-06-01 0 days 1,901 sqft
    2020-07-01 0 days 1,860 sqft
    2020-08-01 0 days 1,840 sqft
    2020-09-01 0 days 1,824 sqft
    2020-10-01 0 days 1,842 sqft
    2020-11-01 0 days 1,828 sqft
    2020-12-01 0 days 1,829 sqft
    2021-01-01 0 days 1,831 sqft
    2021-02-01 0 days 1,800 sqft
    2021-03-01 0 days 1,771 sqft
    2021-04-01 0 days 1,762 sqft
    2021-05-01 0 days 1,781 sqft
    2021-06-01 0 days 1,783 sqft
    2021-07-01 0 days 1,818 sqft
    2021-08-01 0 days 1,784 sqft
    2021-09-01 0 days 1,787 sqft
    2021-10-01 0 days 1,761 sqft
    2021-11-01 0 days 1,751 sqft
    2021-12-01 0 days 1,741 sqft
    2022-01-01 0 days 1,760 sqft
    2022-02-01 0 days 1,743 sqft
    2022-03-01 0 days 1,754 sqft
    2022-04-01 0 days 1,766 sqft
    2022-05-01 0 days 1,769 sqft
    2022-06-01 0 days 1,848 sqft
    2022-07-01 0 days 1,788 sqft
    2022-08-01 0 days 1,784 sqft
    2022-09-01 0 days 1,851 sqft
    2022-10-01 0 days 1,828 sqft
    2022-11-01 0 days 1,772 sqft
    2022-12-01 0 days 1,868 sqft
    2023-01-01 0 days 2,009 sqft
    2023-02-01 0 days 2,004 sqft
    2023-03-01 0 days 2,004 sqft
    2023-04-01 0 days 2,043 sqft
    2023-05-01 0 days 1,962 sqft
    2023-06-01 0 days 1,978 sqft
    2023-07-01 0 days 1,992 sqft
    2023-08-01 0 days 1,887 sqft
    2023-09-01 0 days 1,892 sqft
    2023-10-01 0 days 1,933 sqft
    2023-11-01 0 days 1,897 sqft
    2023-12-01 0 days 1,897 sqft
    2024-01-01 0 days 1,871 sqft
    2024-02-01 0 days 1,807 sqft
    2024-03-01 0 days 1,806 sqft
    2024-04-01 0 days 1,805 sqft
    2024-05-01 0 days 1,818 sqft
    2024-06-01 0 days 1,831 sqft
    2024-07-01 0 days 1,834 sqft
    2024-08-01 0 days 1,834 sqft
    2024-09-01 0 days 1,809 sqft
    2024-10-01 0 days 1,847 sqft
    Carlsbad's median listing age (time on market) for 2024-10-01 was 0 days.

    Carlsbad's median square footage for active listings during the 2024-10-01 period was 1,847 sqft. One year prior, the average listing was 1,933 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.