Las Cruces VA Loan Rates, Closing Costs & Stats

LAS CRUCES, 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.

    Las Cruces's 78 lenders originated 532 VA loans during 2024. The total origination value was $178,400,000, with an average VA loan value of $335,338.

    Las Cruces VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Las Cruces averaged 6.17% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Las Cruces's average VA mortgage closing costs are $6,646.

    The average rate for the prior week (2025-03-28) was 6.59% and one month ago for the week of 2025-02-28, the average rate was 6.57%.

    The average rate one year ago was 6.67%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.73%.

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

    Las Cruces 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 Las Cruces level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 75 6.25% $7,759
    UNITED WHOLESALE MORTGAGE, LLC 56 5.89% $7,090
    FREEDOM MORTGAGE CORPORATION 30 6.20% $8,736
    QUICKEN LOANS, LLC 27 6.12% $12,968
    CROSSCOUNTRY MORTGAGE, LLC 25 5.66% $7,732
    Citizens Bank of Las Cruces 20 6.54% $8,779
    NAVY FEDERAL CREDIT UNION 20 5.83% $5,426
    Rocky Mountain Mortgage Company 18 5.49% $6,305
    PENNYMAC LOAN SERVICES, LLC 18 5.76% $8,813
    USAA Federal Savings Bank 14 6.35% $7,380
    NEW DAY FINANCIAL, LLC 12 7.47% $14,843
    The Federal Savings Bank 12 6.59% $19,232
    BROKER SOLUTIONS, INC. 10 6.41% $10,798
    VILLAGE CAPITAL MORTGAGE 9 6.07% $6,311
    SUN AMERICAN MORTGAGE COMPANY 8 6.38% $8,849
    Commerce Home Mortgage, Inc. 8 6.45% $10,387
    GUILD MORTGAGE COMPANY 7 6.80% $13,014
    NEWREZ LLC 7 5.96% $6,885
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.45% $10,868
    Waterstone Mortgage Corporation 6 6.42% $10,257
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 6 6.58% $13,478
    Plains Commerce Bank 6 5.85% $7,415
    CMG MORTGAGE, INC. 5 6.35% $7,575
    PLANET HOME LENDING, LLC 5 5.60% $6,272
    LOANDEPOT.COM, LLC 5 6.00% $16,360
    The Loan Store, Inc. 4 6.47% $6,869
    First American Bank 4 6.75% $9,897
    Armed Forces Bank 4 6.03% $6,587
    Barrington Bank & Trust Company, N.A. 3 5.75% $7,322
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.75% $9,144
    MOVEMENT MORTGAGE, LLC 3 6.38% $6,587
    DIRECTIONS EQUITY, LLC 3 5.42% $9,513
    Century Mortgage Company DBA Century Lending Company 3 6.12% $4,819
    MORTGAGEONE, INC. 2 6.19% $5,193
    CARDINAL FINANCIAL 2 7.25% $12,045
    CORNERSTONE HOME LENDING, INC. 2 6.56% $8,887
    FirstLight Federal Credit Union 2 6.31% $6,966
    Gateway First Bank 2 6.75% $5,156
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.25% $10,622
    Mr. Cooper ( Nationstar Mortgage ) 2 4.75% $1,190
    NBKC BANK 2 5.56% $6,244
    NOVA FINANCIAL & INVESTMENT CORPORATION 2 6.75% $10,631
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.69% $7,003
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.50% $7,935
    Nations Lending Corporation 1 6.75% $22,026
    JPMorgan Chase Bank 1 5.63% $27,441
    VERITAS FUNDING, LLC 1 6.25% $20,774
    INTERCAP LENDING INC. 1 6.88% $4,013
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $5,329
    Northpointe Bank 1 5.63% $6,215
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $4,658
    NUSENDA 1 6.75% $2,377
    V.I.P. MORTGAGE, INC. 1 6.25% $2,834
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $2,460
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $14,032
    GUARANTEED RATE, INC. 1 6.25% $11,309
    GUARANTEED RATE AFFINITY, LLC 1 6.63% $1,440
    PNC Bank 1 6.75% $4,276
    AMERISAVE MORTGAGE CORPORATION 1 4.88% $16,349
    First National Bank Texas 1 5.88% $4,101
    First Federal Bank 1 5.25% $7,675
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $6,810
    S1L, Inc. 1 5.63% $17,993
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.00% $26,067
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $322
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $5,036
    Sunflower Bank 1 6.63% $16,282
    ENVOY MORTGAGE, LTD 1 6.50% $15,182
    CLEARPATH LENDING 1 4.99% $9,606
    TJC Mortgage, Inc. 1 6.25% $12,527
    UNION HOME MORTGAGE CORP. 1 5.63% $6,510
    BOKF 1 6.63% $4,556
    MID AMERICA MORTGAGE, INC. 1 6.13% $21,525
    Bell Bank 1 6.25% $12,120
    Magnolia Bank 1 5.25% $7,777
    LOANPAL, LLC 1 6.50% $12,388
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $9,425
    U.S. Bank 1 4.75% $10,815

    The top Las Cruces VA lender as defined by loan originations is Mortgage Research Center, LLC, with 75 VA loans originated. Their average total fees are $7,759, which is $670 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Las Cruces VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,426), Rocky Mountain Mortgage Company ($6,305), UNITED WHOLESALE MORTGAGE, LLC ($7,090), USAA Federal Savings Bank ($7,380) and CROSSCOUNTRY MORTGAGE, LLC ($7,732).

    The lowest rate Las Cruces VA lenders (with over 10 loans originated) are Rocky Mountain Mortgage Company (5.49%), CROSSCOUNTRY MORTGAGE, LLC (5.66%), PENNYMAC LOAN SERVICES, LLC (5.76%), NAVY FEDERAL CREDIT UNION (5.83%) and UNITED WHOLESALE MORTGAGE, LLC (5.89%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Las Cruces (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 $213,913 (4.0%) $274,512 (5.8%) 0.79 772
    2018-02-01 $212,854 (-1.0%) $272,853 (4.8%) 0.77 782
    2018-03-01 $207,950 (-1.5%) $259,822 (0.6%) 0.73 838
    2018-04-01 $208,738 (-0.1%) $261,985 (2.1%) 0.71 841
    2018-05-01 $209,450 (1.0%) $267,533 (5.0%) 0.70 859
    2018-06-01 $214,950 (4.1%) $269,786 (4.2%) 0.72 855
    2018-07-01 $212,580 (1.3%) $269,005 (4.9%) 0.71 863
    2018-08-01 $205,000 (-2.6%) $262,864 (1.8%) 0.69 856
    2018-09-01 $209,000 (-1.8%) $265,762 (2.4%) 0.70 835
    2018-10-01 $210,185 (-1.8%) $271,970 (4.7%) 0.71 851
    2018-11-01 $206,363 (-3.2%) $271,148 (3.2%) 0.70 824
    2018-12-01 $204,201 (-2.8%) $267,686 (2.4%) 0.70 800
    2019-01-01 $205,000 (-4.2%) $280,332 (2.1%) 0.71 724
    2019-02-01 $216,873 (1.9%) $286,198 (4.9%) 0.73 723
    2019-03-01 $216,490 (4.1%) $290,624 (11.9%) 0.71 704
    2019-04-01 $224,500 (7.6%) $303,317 (15.8%) 0.71 670
    2019-05-01 $224,900 (7.4%) $308,721 (15.4%) 0.70 681
    2019-06-01 $227,500 (5.8%) $313,905 (16.4%) 0.71 684
    2019-07-01 $229,488 (8.0%) $313,461 (16.5%) 0.72 683
    2019-08-01 $229,273 (11.8%) $312,273 (18.8%) 0.73 683
    2019-09-01 $229,682 (9.9%) $311,210 (17.1%) 0.74 671
    2019-10-01 $229,975 (9.4%) $312,123 (14.8%) 0.74 663
    2019-11-01 $228,900 (10.9%) $300,715 (10.9%) 0.75 657
    2019-12-01 $228,850 (12.1%) $298,923 (11.7%) 0.76 625
    2020-01-01 $224,056 (9.3%) $282,827 (0.9%) 0.75 741
    2020-02-01 $225,000 (3.8%) $283,542 (-0.9%) 0.74 772
    2020-03-01 $235,000 (8.6%) $293,615 (1.0%) 0.74 769
    2020-04-01 $235,471 (4.9%) $293,993 (-3.1%) 0.74 735
    2020-05-01 $238,000 (5.8%) $294,710 (-4.5%) 0.72 738
    2020-06-01 $242,000 (6.4%) $297,601 (-5.2%) 0.71 729
    2020-07-01 $242,500 (5.7%) $300,470 (-4.1%) 0.70 714
    2020-08-01 $239,000 (4.2%) $300,581 (-3.7%) 0.68 714
    2020-09-01 $238,320 (3.8%) $300,940 (-3.3%) 0.68 659
    2020-10-01 $235,850 (2.6%) $299,182 (-4.2%) 0.68 671
    2020-11-01 $241,000 (5.3%) $302,263 (0.5%) 0.70 679
    2020-12-01 $249,450 (9.0%) $303,359 (1.5%) 0.74 643
    2021-01-01 $262,500 (17.2%) $307,532 (8.7%) 0.78 594
    2021-02-01 $264,500 (17.6%) $307,885 (8.6%) 0.77 602
    2021-03-01 $265,955 (13.2%) $306,190 (4.3%) 0.75 638
    2021-04-01 $269,000 (14.2%) $303,555 (3.3%) 0.73 666
    2021-05-01 $275,000 (15.6%) $309,941 (5.2%) 0.73 673
    2021-06-01 $279,000 (15.3%) $319,561 (7.4%) 0.73 691
    2021-07-01 $284,500 (17.3%) $326,051 (8.5%) 0.75 742
    2021-08-01 $285,000 (19.3%) $327,273 (8.9%) 0.76 800
    2021-09-01 $279,500 (17.3%) $330,208 (9.7%) 0.75 763
    2021-10-01 $285,000 (20.8%) $338,327 (13.1%) 0.76 710
    2021-11-01 $278,989 (15.8%) $336,266 (11.3%) 0.75 682
    2021-12-01 $294,500 (18.1%) $341,251 (12.5%) 0.80 660
    2022-01-01 $335,950 (28.0%) $356,137 (15.8%) 0.91 615
    2022-02-01 $346,500 (31.0%) $362,787 (17.8%) 0.90 593
    2022-03-01 $328,695 (23.6%) $369,468 (20.7%) 0.82 637
    2022-04-01 $330,000 (22.7%) $377,241 (24.3%) 0.79 607
    2022-05-01 $338,818 (23.2%) $383,578 (23.8%) 0.77 606
    2022-06-01 $346,330 (24.1%) $384,608 (20.4%) 0.77 631
    2022-07-01 $356,130 (25.2%) $389,890 (19.6%) 0.80 658
    2022-08-01 $361,333 (26.8%) $397,534 (21.5%) 0.84 681
    2022-09-01 $364,983 (30.6%) $402,954 (22.0%) 0.85 655
    2022-10-01 $359,613 (26.2%) $393,849 (16.4%) 0.85 672
    2022-11-01 $362,950 (30.1%) $389,911 (16.0%) 0.87 750
    2022-12-01 $369,500 (25.5%) $392,120 (14.9%) 0.91 681
    2023-01-01 $370,113 (10.2%) $390,349 (9.6%) 0.92 662
    2023-02-01 $359,756 (3.8%) $382,956 (5.6%) 0.87 675
    2023-03-01 $351,085 (6.8%) $385,119 (4.2%) 0.83 674
    2023-04-01 $349,925 (6.0%) $390,236 (3.4%) 0.81 704
    2023-05-01 $352,849 (4.1%) $401,436 (4.7%) 0.80 714
    2023-06-01 $356,075 (2.8%) $403,175 (4.8%) 0.80 712
    2023-07-01 $362,465 (1.8%) $411,609 (5.6%) 0.82 707
    2023-08-01 $357,463 (-1.1%) $407,246 (2.4%) 0.82 778
    2023-09-01 $357,000 (-2.2%) $407,908 (1.2%) 0.83 912
    2023-10-01 $362,225 (0.7%) $422,722 (7.3%) 0.85 598
    2023-11-01 $372,338 (2.6%) $430,650 (10.5%) 0.89 607
    2023-12-01 $369,950 (0.1%) $434,084 (10.7%) 0.90 597
    2024-01-01 $370,088 (0.0%) $438,392 (12.3%) 0.90 582
    2024-02-01 $374,963 (4.2%) $440,668 (15.1%) 0.90 599
    2024-03-01 $369,000 (5.1%) $430,993 (11.9%) 0.87 630
    2024-04-01 $365,000 (4.3%) $425,553 (9.1%) 0.85 650
    2024-05-01 $365,000 (3.4%) $422,496 (5.3%) 0.83 670
    2024-06-01 $365,900 (2.8%) $434,342 (7.7%) 0.83 650
    2024-07-01 $367,450 (1.4%) $418,364 (1.6%) 0.84 718
    2024-08-01 $374,500 (4.8%) $422,019 (3.6%) 0.87 757
    2024-09-01 $382,000 (7.0%) $435,093 (6.7%) 0.90 752
    2024-10-01 $389,000 (7.4%) $436,002 (3.1%) 0.92 751
    2024-11-01 $365,155 (-1.9%) $437,970 (1.7%) 0.88 654
    2024-12-01 $367,053 (-0.8%) $443,439 (2.2%) 0.91 637
    2025-01-01 $371,625 (0.4%) $447,626 (2.1%) 0.93 620
    2025-02-01 $372,800 (-0.6%) $438,797 (-0.4%) 0.90 629
    2025-03-01 $374,950 (1.6%) $434,206 (0.8%) 0.00 707
    Las Cruces's median listing price for 2025-03-01 was $374,950, a difference of $5,950 (1.6%) versus the prior year and $2,150 versus the prior month.

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

    Las Cruces's average listing price for 2025-03-01 was $434,206, a difference of $3,213 (0.8%) versus the prior year and $-4,591 versus the prior month.

    For the 2025-03-01 period, Las Cruces had 707 MLS listings, a difference of 78 listings (12%) versus the prior month and 77 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Las Cruces (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 97 days 1,947 sqft
    2018-02-01 94 days 1,939 sqft
    2018-03-01 73 days 1,929 sqft
    2018-04-01 68 days 1,945 sqft
    2018-05-01 65 days 1,961 sqft
    2018-06-01 64 days 1,957 sqft
    2018-07-01 73 days 1,946 sqft
    2018-08-01 72 days 1,924 sqft
    2018-09-01 73 days 1,920 sqft
    2018-10-01 75 days 1,906 sqft
    2018-11-01 79 days 1,923 sqft
    2018-12-01 89 days 1,900 sqft
    2019-01-01 91 days 1,926 sqft
    2019-02-01 81 days 1,975 sqft
    2019-03-01 72 days 1,962 sqft
    2019-04-01 66 days 2,018 sqft
    2019-05-01 61 days 1,993 sqft
    2019-06-01 64 days 2,025 sqft
    2019-07-01 62 days 2,053 sqft
    2019-08-01 64 days 2,070 sqft
    2019-09-01 67 days 2,061 sqft
    2019-10-01 70 days 2,056 sqft
    2019-11-01 68 days 2,027 sqft
    2019-12-01 78 days 2,023 sqft
    2020-01-01 83 days 1,966 sqft
    2020-02-01 80 days 1,970 sqft
    2020-03-01 58 days 2,009 sqft
    2020-04-01 57 days 1,999 sqft
    2020-05-01 64 days 1,975 sqft
    2020-06-01 66 days 1,981 sqft
    2020-07-01 57 days 2,000 sqft
    2020-08-01 53 days 1,987 sqft
    2020-09-01 52 days 1,968 sqft
    2020-10-01 47 days 1,959 sqft
    2020-11-01 47 days 1,961 sqft
    2020-12-01 55 days 1,988 sqft
    2021-01-01 61 days 2,020 sqft
    2021-02-01 45 days 2,010 sqft
    2021-03-01 44 days 2,002 sqft
    2021-04-01 43 days 1,999 sqft
    2021-05-01 44 days 2,000 sqft
    2021-06-01 48 days 2,016 sqft
    2021-07-01 45 days 2,047 sqft
    2021-08-01 42 days 2,004 sqft
    2021-09-01 51 days 1,944 sqft
    2021-10-01 57 days 2,000 sqft
    2021-11-01 55 days 1,965 sqft
    2021-12-01 57 days 2,007 sqft
    2022-01-01 56 days 2,122 sqft
    2022-02-01 48 days 2,137 sqft
    2022-03-01 47 days 2,046 sqft
    2022-04-01 45 days 2,041 sqft
    2022-05-01 45 days 2,046 sqft
    2022-06-01 44 days 2,080 sqft
    2022-07-01 45 days 2,062 sqft
    2022-08-01 47 days 2,057 sqft
    2022-09-01 58 days 2,104 sqft
    2022-10-01 60 days 2,029 sqft
    2022-11-01 51 days 2,029 sqft
    2022-12-01 58 days 2,024 sqft
    2023-01-01 72 days 2,021 sqft
    2023-02-01 90 days 1,985 sqft
    2023-03-01 75 days 1,945 sqft
    2023-04-01 53 days 1,959 sqft
    2023-05-01 58 days 1,973 sqft
    2023-06-01 59 days 1,985 sqft
    2023-07-01 59 days 2,051 sqft
    2023-08-01 58 days 2,012 sqft
    2023-09-01 72 days 1,999 sqft
    2023-10-01 82 days 2,055 sqft
    2023-11-01 74 days 2,112 sqft
    2023-12-01 86 days 2,097 sqft
    2024-01-01 85 days 2,108 sqft
    2024-02-01 65 days 2,136 sqft
    2024-03-01 54 days 2,050 sqft
    2024-04-01 58 days 2,023 sqft
    2024-05-01 61 days 2,000 sqft
    2024-06-01 64 days 2,011 sqft
    2024-07-01 52 days 2,024 sqft
    2024-08-01 54 days 2,050 sqft
    2024-09-01 62 days 2,050 sqft
    2024-10-01 82 days 2,050 sqft
    2024-11-01 73 days 1,984 sqft
    2024-12-01 80 days 1,997 sqft
    2025-01-01 90 days 2,003 sqft
    2025-02-01 88 days 2,009 sqft
    2025-03-01 0 days 2,050 sqft
    Las Cruces's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Las Cruces's median square footage for active listings during the 2025-03-01 period was 2,050 sqft. One year prior, the average listing was 2,050 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.