Clovis VA Loan Rates, Closing Costs & Stats

Clovis, 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.

    Clovis's 42 lenders originated 313 VA loans during 2024. The total origination value was $77,395,000, with an average VA loan value of $247,268.

    Clovis VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Clovis averaged 0.11% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Clovis's average VA mortgage closing costs are $5,969.

    The average rate for the prior week (2025-06-13) was 6.55% and one month ago for the week of 2025-05-16, the average rate was 6.61%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.1%.

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

    Clovis 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 Clovis level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 57 6.51% $5,609
    Bell Bank 29 6.06% $5,303
    PRIMARY RESIDENTIAL MORTGAGE, INC. 27 6.52% $6,024
    NAVY FEDERAL CREDIT UNION 21 6.06% $6,292
    UNITED WHOLESALE MORTGAGE, LLC 15 6.10% $6,561
    USAA Federal Savings Bank 14 6.49% $6,761
    NBKC BANK 13 5.97% $5,385
    Prosperity Home Mortgage, LLC 12 5.98% $10,144
    FREEDOM MORTGAGE CORPORATION 8 5.95% $6,305
    QUICKEN LOANS, LLC 8 6.24% $9,431
    NEW DAY FINANCIAL, LLC 7 7.73% $11,940
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.15% $9,712
    PENNYMAC LOAN SERVICES, LLC 4 6.09% $7,441
    Mr. Cooper ( Nationstar Mortgage ) 4 5.78% $9,437
    DIRECTORS MORTGAGE, INC. 4 6.25% $6,373
    GUARANTEED RATE, INC. 4 6.34% $3,397
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.25% $2,781
    BROKER SOLUTIONS, INC. 3 6.58% $10,927
    The Federal Savings Bank 3 6.42% $11,270
    AMERICAN FINANCIAL NETWORK, INC. 2 5.75% $3,145
    Barrington Bank & Trust Company, N.A. 2 6.50% $3,969
    CMG MORTGAGE, INC. 2 6.00% $11,721
    CROSSCOUNTRY MORTGAGE, LLC 2 6.37% $12,524
    First Federal Bank 2 5.50% $6,180
    Paramount Bank 2 6.00% $10,936
    VILLAGE CAPITAL MORTGAGE 2 5.75% $7,226
    Northpointe Bank 1 6.63% $8,499
    U.S. Bank 1 6.50% $7,328
    Mid-Continent Funding, Inc. 1 6.25% $8,576
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $5,644
    LOANDEPOT.COM, LLC 1 2.99% $1,734
    JPMorgan Chase Bank 1 5.13% $5,230
    HOMETRUST MORTGAGE COMPANY 1 6.75% $15,417
    GARDNER FINANCIAL SERVICES, LTD. 1 7.13% $4,441
    RANLIFE, INC. 1 6.25% $20,466
    The Central Trust Bank 1 6.13% $13,549
    FIRST COMMUNITY MORTGAGE, INC. 1 6.49% $15,271
    UNION HOME MORTGAGE CORP. 1 7.13% $5,598
    CARDINAL FINANCIAL 1 7.13% $7,340
    Armed Forces Bank 1 5.75% $3,617
    MOVEMENT MORTGAGE, LLC 1 5.25% $5,971
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $7,430

    The top Clovis VA lender as defined by loan originations is Mortgage Research Center, LLC, with 57 VA loans originated. Their average total fees are $5,609, which is $306 higher than the next largest lender, Bell Bank.

    The lowest fee Clovis VA lenders (with over 10 loans originated) are Bell Bank ($5,303), NBKC BANK ($5,385), Mortgage Research Center, LLC ($5,609), PRIMARY RESIDENTIAL MORTGAGE, INC. ($6,024) and NAVY FEDERAL CREDIT UNION ($6,292).

    The lowest rate Clovis VA lenders (with over 10 loans originated) are NBKC BANK (5.97%), Prosperity Home Mortgage, LLC (5.98%), Bell Bank (6.06%), NAVY FEDERAL CREDIT UNION (6.06%) and UNITED WHOLESALE MORTGAGE, LLC (6.10%).

    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.