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 33 lenders originated 91 VA loans during 2024. The total origination value was $29,025,000, with an average VA loan value of $318,956.

    Carlsbad VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Carlsbad averaged 6.6% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Carlsbad's average VA mortgage closing costs are $7,053.

    The average rate for the prior week (2025-03-28) was 6.72% and one month ago for the week of 2025-02-28, the average rate was 6.8%.

    The average rate one year ago was 7.11%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.26%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 25 6.43% $5,751
    QUICKEN LOANS, LLC 16 6.20% $10,004
    UNITED WHOLESALE MORTGAGE, LLC 7 5.98% $11,189
    Prosperity Home Mortgage, LLC 3 5.92% $4,427
    FREEDOM MORTGAGE CORPORATION 2 5.88% $8,989
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.69% $10,608
    NEW DAY FINANCIAL, LLC 2 7.43% $13,543
    USAA Federal Savings Bank 2 6.69% $9,668
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.00% $5,626
    VILLAGE CAPITAL MORTGAGE 2 6.00% $5,441
    GENEVA FINANCIAL, LLC 2 6.69% $915
    PENTAGON FEDERAL CREDIT UNION 2 5.88% $4,167
    PLANET HOME LENDING, LLC 2 6.06% $9,453
    NBKC BANK 1 6.00% $4,251
    Northpointe Bank 1 6.13% $5,730
    NUSENDA 1 5.88% $5,595
    PENNYMAC LOAN SERVICES, LLC 1 6.25% $16,827
    PREMIA MORTGAGE, LLC 1 6.00% $5,237
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $24,554
    SOUTHWEST FUNDING, LP 1 5.63% $7,734
    NAVY FEDERAL CREDIT UNION 1 5.13% $2,579
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $12,358
    AmeriHome Mortgage Company, LLC 1 6.13% $7,173
    Barrington Bank & Trust Company, N.A. 1 6.25% $2,417
    Carrington Mortgage Services, LLC 1 5.63% $5,056
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $14,346
    Gateway First Bank 1 6.25% $11,441
    Goldwater Bank, N.A. 1 7.63% $5,498
    GUARANTEED RATE AFFINITY, LLC 1 7.08% $0
    GUILD MORTGAGE COMPANY 1 6.25% $10,549
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $3,237
    Magnolia Bank 1 6.25% $21,787
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $19,096

    The top Carlsbad VA lender as defined by loan originations is Mortgage Research Center, LLC, with 25 VA loans originated. Their average total fees are $5,751, which is $4,253 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Carlsbad VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,751), QUICKEN LOANS, LLC ($10,004), .

    The lowest rate Carlsbad VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.20%), Mortgage Research Center, LLC (6.43%), .

    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.