Clovis VA Loan Rates, Closing Costs & Stats

Clovis, 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 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 6.77% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

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

    The average rate for the prior week (2025-05-02) was 6.69% and one month ago for the week of 2025-04-04, the average rate was 6.24%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2025-05-09, the average rate was 6.37%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Clovis (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 $169,500 (9.4%) $180,706 (6.3%) 0.00 433
    2018-02-01 $169,900 (6.2%) $186,847 (8.4%) 0.00 423
    2018-03-01 $169,900 (3.3%) $183,081 (4.1%) 0.00 432
    2018-04-01 $172,450 (4.8%) $188,683 (6.4%) 0.00 421
    2018-05-01 $173,750 (5.3%) $188,160 (5.3%) 0.00 427
    2018-06-01 $174,000 (5.7%) $188,419 (5.7%) 0.00 455
    2018-07-01 $173,425 (5.1%) $188,070 (5.3%) 0.00 478
    2018-08-01 $173,000 (4.8%) $185,638 (4.0%) 0.00 482
    2018-09-01 $170,700 (1.3%) $185,940 (3.2%) 0.00 461
    2018-10-01 $170,350 (0.6%) $185,276 (2.8%) 0.00 433
    2018-11-01 $169,000 (0.5%) $184,723 (2.1%) 0.00 411
    2018-12-01 $169,000 (2.4%) $181,636 (1.0%) 0.00 385
    2019-01-01 $162,013 (-4.4%) $179,353 (-0.8%) 0.00 364
    2019-02-01 $162,500 (-4.4%) $180,771 (-3.3%) 0.00 361
    2019-03-01 $169,043 (-0.5%) $241,391 (31.9%) 0.00 362
    2019-04-01 $168,043 (-2.6%) $241,661 (28.1%) 0.00 365
    2019-05-01 $169,000 (-2.7%) $184,585 (-1.9%) 0.00 362
    2019-06-01 $169,500 (-2.6%) $185,327 (-1.6%) 0.00 372
    2019-07-01 $169,950 (-2.0%) $188,061 (0.0%) 0.00 363
    2019-08-01 $173,364 (0.2%) $188,067 (1.3%) 0.00 362
    2019-09-01 $170,909 (0.1%) $185,301 (-0.3%) 0.00 365
    2019-10-01 $166,950 (-2.0%) $180,476 (-2.6%) 0.00 363
    2019-11-01 $159,950 (-5.4%) $172,221 (-6.8%) 0.00 344
    2019-12-01 $158,000 (-6.5%) $170,649 (-6.1%) 0.00 332
    2020-01-01 $157,000 (-3.1%) $169,166 (-5.7%) 0.00 308
    2020-02-01 $158,500 (-2.5%) $170,573 (-5.6%) 0.00 306
    2020-03-01 $157,500 (-6.8%) $171,338 (-29.0%) 0.00 313
    2020-04-01 $155,000 (-7.8%) $166,972 (-30.9%) 0.00 315
    2020-05-01 $155,000 (-8.3%) $169,163 (-8.4%) 0.00 288
    2020-06-01 $160,425 (-5.4%) $170,661 (-7.9%) 0.00 260
    2020-07-01 $163,700 (-3.7%) $171,476 (-8.8%) 0.00 259
    2020-08-01 $169,900 (-2.0%) $177,098 (-5.8%) 0.00 248
    2020-09-01 $169,900 (-0.6%) $178,140 (-3.9%) 0.00 223
    2020-10-01 $169,950 (1.8%) $183,484 (1.7%) 0.00 218
    2020-11-01 $171,850 (7.4%) $181,775 (5.6%) 0.00 225
    2020-12-01 $172,000 (8.9%) $180,592 (5.8%) 0.00 225
    2021-01-01 $169,900 (8.2%) $179,292 (6.0%) 0.00 225
    2021-02-01 $171,975 (8.5%) $183,102 (7.4%) 0.00 231
    2021-03-01 $164,750 (4.6%) $177,470 (3.6%) 0.00 215
    2021-04-01 $160,375 (3.5%) $178,377 (6.8%) 0.00 193
    2021-05-01 $164,950 (6.4%) $181,570 (7.3%) 0.00 171
    2021-06-01 $169,450 (5.6%) $189,904 (11.3%) 0.00 174
    2021-07-01 $169,450 (3.5%) $190,305 (11.0%) 0.00 158
    2021-08-01 $170,950 (0.6%) $195,060 (10.1%) 0.00 154
    2021-09-01 $181,750 (7.0%) $199,743 (12.1%) 0.00 151
    2021-10-01 $179,900 (5.9%) $204,614 (11.5%) 0.00 150
    2021-11-01 $175,000 (1.8%) $201,424 (10.8%) 0.00 163
    2021-12-01 $174,700 (1.6%) $202,745 (12.3%) 0.00 140
    2022-01-01 $175,000 (3.0%) $222,541 (24.1%) 0.00 101
    2022-02-01 $192,250 (11.8%) $236,734 (29.3%) 0.00 102
    2022-03-01 $190,000 (15.3%) $235,014 (32.4%) 0.00 99
    2022-04-01 $210,000 (30.9%) $239,212 (34.1%) 0.00 96
    2022-05-01 $210,000 (27.3%) $232,386 (28.0%) 0.00 143
    2022-06-01 $212,475 (25.4%) $231,522 (21.9%) 0.00 146
    2022-07-01 $219,900 (29.8%) $240,236 (26.2%) 0.00 152
    2022-08-01 $218,250 (27.7%) $244,628 (25.4%) 0.00 165
    2022-09-01 $209,500 (15.3%) $241,108 (20.7%) 0.00 154
    2022-10-01 $227,000 (26.2%) $252,077 (23.2%) 0.00 152
    2022-11-01 $232,500 (32.9%) $254,333 (26.3%) 0.00 165
    2022-12-01 $235,000 (34.5%) $252,757 (24.7%) 0.00 169
    2023-01-01 $235,000 (34.3%) $253,773 (14.0%) 0.00 154
    2023-02-01 $228,000 (18.6%) $253,234 (7.0%) 0.00 140
    2023-03-01 $222,500 (17.1%) $257,202 (9.4%) 0.00 142
    2023-04-01 $220,000 (4.8%) $252,183 (5.4%) 0.00 145
    2023-05-01 $220,963 (5.2%) $246,326 (6.0%) 0.00 155
    2023-06-01 $243,875 (14.8%) $257,396 (11.2%) 0.00 147
    2023-07-01 $236,450 (7.5%) $253,698 (5.6%) 0.00 158
    2023-08-01 $239,200 (9.6%) $255,464 (4.4%) 0.00 160
    2023-09-01 $227,000 (8.4%) $259,372 (7.6%) 0.00 183
    2023-10-01 $230,000 (1.3%) $251,892 (-0.1%) 0.00 202
    2023-11-01 $236,225 (1.6%) $248,019 (-2.5%) 0.00 218
    2023-12-01 $230,000 (-2.1%) $243,628 (-3.6%) 0.00 211
    2024-01-01 $232,225 (-1.2%) $242,886 (-4.3%) 0.00 198
    2024-02-01 $240,000 (5.3%) $246,682 (-2.6%) 0.00 189
    2024-03-01 $240,000 (7.9%) $248,575 (-3.4%) 0.00 205
    2024-04-01 $237,775 (8.1%) $245,505 (-2.7%) 0.00 232
    2024-05-01 $239,500 (8.4%) $247,795 (0.6%) 0.00 236
    2024-06-01 $225,000 (-7.7%) $240,921 (-6.4%) 0.00 245
    2024-07-01 $225,000 (-4.8%) $243,253 (-4.1%) 0.00 252
    2024-08-01 $225,000 (-5.9%) $241,105 (-5.6%) 0.00 264
    2024-09-01 $225,000 (-0.9%) $238,912 (-7.9%) 0.00 257
    2024-10-01 $221,975 (-3.5%) $241,485 (-4.1%) 0.00 265
    2024-11-01 $225,000 (-4.8%) $243,629 (-1.8%) 0.00 280
    2024-12-01 $219,500 (-4.6%) $241,448 (-0.9%) 0.00 278
    2025-01-01 $224,375 (-3.4%) $244,629 (0.7%) 0.00 272
    2025-02-01 $221,125 (-7.9%) $246,986 (0.1%) 0.00 285
    2025-03-01 $230,000 (-4.2%) $246,651 (-0.8%) 0.00 290
    2025-04-01 $229,950 (-3.3%) $249,139 (1.5%) 0.00 303
    Clovis's median listing price for 2025-04-01 was $229,950, a difference of $-7,825 (-3.3%) versus the prior year and $-50 versus the prior month.

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

    Clovis's average listing price for 2025-04-01 was $249,139, a difference of $3,634 (1.5%) versus the prior year and $2,488 versus the prior month.

    For the 2025-04-01 period, Clovis had 303 MLS listings, a difference of 13 listings (4%) versus the prior month and 71 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Clovis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,798 sqft
    2018-02-01 0 days 1,818 sqft
    2018-03-01 0 days 1,798 sqft
    2018-04-01 0 days 1,801 sqft
    2018-05-01 0 days 1,792 sqft
    2018-06-01 0 days 1,811 sqft
    2018-07-01 0 days 1,816 sqft
    2018-08-01 0 days 1,827 sqft
    2018-09-01 0 days 1,830 sqft
    2018-10-01 0 days 1,827 sqft
    2018-11-01 0 days 1,836 sqft
    2018-12-01 0 days 1,841 sqft
    2019-01-01 0 days 1,819 sqft
    2019-02-01 0 days 1,823 sqft
    2019-03-01 0 days 1,834 sqft
    2019-04-01 0 days 1,834 sqft
    2019-05-01 0 days 1,828 sqft
    2019-06-01 0 days 1,832 sqft
    2019-07-01 0 days 1,839 sqft
    2019-08-01 0 days 1,838 sqft
    2019-09-01 0 days 1,834 sqft
    2019-10-01 0 days 1,811 sqft
    2019-11-01 0 days 1,784 sqft
    2019-12-01 0 days 1,761 sqft
    2020-01-01 0 days 1,753 sqft
    2020-02-01 0 days 1,750 sqft
    2020-03-01 0 days 1,711 sqft
    2020-04-01 0 days 1,693 sqft
    2020-05-01 0 days 1,697 sqft
    2020-06-01 0 days 1,695 sqft
    2020-07-01 0 days 1,765 sqft
    2020-08-01 0 days 1,753 sqft
    2020-09-01 0 days 1,741 sqft
    2020-10-01 0 days 1,766 sqft
    2020-11-01 0 days 1,741 sqft
    2020-12-01 0 days 1,741 sqft
    2021-01-01 0 days 1,728 sqft
    2021-02-01 0 days 1,764 sqft
    2021-03-01 0 days 1,711 sqft
    2021-04-01 0 days 1,702 sqft
    2021-05-01 0 days 1,766 sqft
    2021-06-01 0 days 1,695 sqft
    2021-07-01 0 days 1,712 sqft
    2021-08-01 0 days 1,737 sqft
    2021-09-01 0 days 1,792 sqft
    2021-10-01 0 days 1,809 sqft
    2021-11-01 0 days 1,750 sqft
    2021-12-01 0 days 1,746 sqft
    2022-01-01 0 days 1,809 sqft
    2022-02-01 0 days 1,776 sqft
    2022-03-01 0 days 1,803 sqft
    2022-04-01 0 days 1,827 sqft
    2022-05-01 0 days 1,758 sqft
    2022-06-01 0 days 1,769 sqft
    2022-07-01 0 days 1,824 sqft
    2022-08-01 0 days 1,775 sqft
    2022-09-01 0 days 1,764 sqft
    2022-10-01 0 days 1,856 sqft
    2022-11-01 0 days 1,895 sqft
    2022-12-01 0 days 1,860 sqft
    2023-01-01 0 days 1,844 sqft
    2023-02-01 0 days 1,842 sqft
    2023-03-01 0 days 1,830 sqft
    2023-04-01 0 days 1,770 sqft
    2023-05-01 0 days 1,709 sqft
    2023-06-01 0 days 1,754 sqft
    2023-07-01 0 days 1,731 sqft
    2023-08-01 0 days 1,712 sqft
    2023-09-01 0 days 1,712 sqft
    2023-10-01 0 days 1,718 sqft
    2023-11-01 0 days 1,779 sqft
    2023-12-01 0 days 1,784 sqft
    2024-01-01 0 days 1,743 sqft
    2024-02-01 0 days 1,702 sqft
    2024-03-01 0 days 1,711 sqft
    2024-04-01 0 days 1,705 sqft
    2024-05-01 0 days 1,741 sqft
    2024-06-01 0 days 1,731 sqft
    2024-07-01 0 days 1,746 sqft
    2024-08-01 0 days 1,728 sqft
    2024-09-01 0 days 1,739 sqft
    2024-10-01 0 days 1,746 sqft
    2024-11-01 0 days 1,697 sqft
    2024-12-01 0 days 1,684 sqft
    2025-01-01 0 days 1,708 sqft
    2025-02-01 0 days 1,713 sqft
    2025-03-01 0 days 1,712 sqft
    2025-04-01 0 days 1,728 sqft
    Clovis's median listing age (time on market) for 2025-04-01 was 0 days.

    Clovis's median square footage for active listings during the 2025-04-01 period was 1,728 sqft. One year prior, the average listing was 1,705 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.