Las Vegas VA Loan Rates, Closing Costs & Stats

Las Vegas, 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 Vegas's 9 lenders originated 23 VA loans during 2023. The total origination value was $6,295,000, with an average VA loan value of $273,696.

    Las Vegas VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Las Vegas averaged 0.48% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Las Vegas's average VA mortgage closing costs are $6,292.

    The average rate for the prior week (2024-11-08) was 6.49% and one month ago for the week of 2024-10-11, the average rate was 6.36%.

    The average rate one year ago was 7.35%.

    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.

    Las Vegas 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 Vegas level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.19% $10,870
    GUILD MORTGAGE COMPANY 3 7.21% $9,925
    NAVY FEDERAL CREDIT UNION 2 5.50% $3,851
    Nations Lending Corporation 1 6.63% $5,684
    LOANDEPOT.COM, LLC 1 7.50% $10,935
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.63% $8,342
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.00% $6,142
    Wallick & Volk, Inc. 1 6.00% $4,600
    Waterstone Mortgage Corporation 1 7.75% $8,044

    The top Las Vegas VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $10,870, which is $945 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Las Vegas VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($10,870), .

    The lowest rate Las Vegas VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.19%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Las Vegas (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 $215,750 (7.9%) $377,172 (-2.9%) 0.00 188
    2018-02-01 $218,000 (9.0%) $371,245 (-3.8%) 0.00 179
    2018-03-01 $225,000 (9.8%) $362,291 (-8.2%) 0.00 178
    2018-04-01 $221,375 (10.7%) $368,056 (-3.6%) 0.00 188
    2018-05-01 $218,375 (9.2%) $347,719 (-10.7%) 0.00 203
    2018-06-01 $220,000 (4.9%) $348,602 (-10.3%) 0.00 222
    2018-07-01 $224,875 (12.7%) $358,708 (-4.4%) 0.00 225
    2018-08-01 $223,000 (12.1%) $333,573 (-10.4%) 0.00 235
    2018-09-01 $239,500 (20.4%) $341,520 (-9.8%) 0.00 220
    2018-10-01 $234,975 (18.7%) $339,294 (-8.1%) 0.00 220
    2018-11-01 $230,000 (15.4%) $345,494 (-9.7%) 0.00 208
    2018-12-01 $237,000 (19.0%) $336,895 (-10.3%) 0.00 197
    2019-01-01 $240,000 (11.2%) $346,495 (-8.1%) 0.00 180
    2019-02-01 $236,000 (8.3%) $344,222 (-7.3%) 0.00 178
    2019-03-01 $227,286 (1.0%) $335,473 (-7.4%) 0.00 182
    2019-04-01 $218,000 (-1.5%) $328,275 (-10.8%) 0.00 190
    2019-05-01 $227,000 (4.0%) $327,616 (-5.8%) 0.00 194
    2019-06-01 $227,000 (3.2%) $324,534 (-6.9%) 0.00 197
    2019-07-01 $225,000 (0.1%) $324,006 (-9.7%) 0.00 200
    2019-08-01 $230,455 (3.3%) $332,690 (-0.3%) 0.00 193
    2019-09-01 $238,636 (-0.4%) $342,702 (0.4%) 0.00 184
    2019-10-01 $244,091 (3.9%) $349,377 (3.0%) 0.00 178
    2019-11-01 $247,000 (7.4%) $349,314 (1.1%) 0.00 167
    2019-12-01 $240,000 (1.3%) $347,281 (3.1%) 0.00 162
    2020-01-01 $231,000 (-3.8%) $343,291 (-0.9%) 0.00 149
    2020-02-01 $245,000 (3.8%) $361,477 (5.0%) 0.00 142
    2020-03-01 $247,000 (8.7%) $349,157 (4.1%) 0.00 134
    2020-04-01 $242,925 (11.4%) $333,828 (1.7%) 0.00 130
    2020-05-01 $245,000 (7.9%) $333,441 (1.8%) 0.00 128
    2020-06-01 $249,750 (10.0%) $358,132 (10.4%) 0.00 123
    2020-07-01 $249,475 (10.9%) $368,073 (13.6%) 0.00 120
    2020-08-01 $279,000 (21.1%) $390,641 (17.4%) 0.00 124
    2020-09-01 $278,125 (16.6%) $389,166 (13.6%) 0.00 133
    2020-10-01 $271,950 (11.4%) $388,230 (11.1%) 0.00 133
    2020-11-01 $276,125 (11.8%) $468,618 (34.2%) 0.00 120
    2020-12-01 $272,250 (13.4%) $485,460 (39.8%) 0.00 107
    2021-01-01 $279,500 (21.0%) $507,224 (47.8%) 0.00 94
    2021-02-01 $276,100 (12.7%) $501,469 (38.7%) 0.00 81
    2021-03-01 $277,250 (12.3%) $514,608 (47.4%) 0.00 76
    2021-04-01 $299,875 (23.4%) $523,525 (56.8%) 0.00 73
    2021-05-01 $287,250 (17.2%) $518,048 (55.4%) 0.00 75
    2021-06-01 $293,250 (17.4%) $528,697 (47.6%) 0.00 78
    2021-07-01 $289,000 (15.8%) $518,767 (40.9%) 0.00 77
    2021-08-01 $312,500 (12.0%) $494,198 (26.5%) 0.00 72
    2021-09-01 $346,250 (24.5%) $461,716 (18.6%) 0.00 63
    2021-10-01 $325,000 (19.5%) $450,350 (16.0%) 0.00 56
    2021-11-01 $259,000 (-6.2%) $400,399 (-14.6%) 0.00 51
    2021-12-01 $248,750 (-8.6%) $387,966 (-20.1%) 0.00 46
    2022-01-01 $230,000 (-17.7%) $348,160 (-31.4%) 0.00 38
    2022-02-01 $230,000 (-16.7%) $349,369 (-30.3%) 0.00 43
    2022-03-01 $212,750 (-23.3%) $349,589 (-32.1%) 0.00 42
    2022-04-01 $220,000 (-26.6%) $361,512 (-31.0%) 0.00 39
    2022-05-01 $249,225 (-13.2%) $455,762 (-12.0%) 0.00 41
    2022-06-01 $254,000 (-13.4%) $441,204 (-16.6%) 0.00 48
    2022-07-01 $249,900 (-13.5%) $441,984 (-14.8%) 0.00 53
    2022-08-01 $273,500 (-12.5%) $459,578 (-7.0%) 0.00 55
    2022-09-01 $284,000 (-18.0%) $474,725 (2.8%) 0.00 60
    2022-10-01 $299,999 (-7.7%) $484,170 (7.5%) 0.00 65
    2022-11-01 $289,500 (11.8%) $482,793 (20.6%) 0.00 69
    2022-12-01 $265,000 (6.5%) $466,964 (20.4%) 0.00 72
    2023-01-01 $255,400 (11.0%) $452,845 (30.1%) 0.00 73
    2023-02-01 $265,000 (15.2%) $453,876 (29.9%) 0.00 69
    2023-03-01 $265,000 (24.6%) $409,839 (17.2%) 0.00 69
    2023-04-01 $270,000 (22.7%) $404,709 (12.0%) 0.00 65
    2023-05-01 $238,250 (-4.4%) $376,170 (-17.5%) 0.00 67
    2023-06-01 $292,000 (15.0%) $434,571 (-1.5%) 0.00 69
    2023-07-01 $285,000 (14.1%) $435,404 (-1.5%) 0.00 79
    2023-08-01 $280,000 (2.4%) $537,277 (16.9%) 0.00 76
    2023-09-01 $285,000 (0.4%) $573,895 (20.9%) 0.00 74
    2023-10-01 $314,500 (4.8%) $693,516 (43.2%) 0.00 73
    2023-11-01 $345,000 (19.2%) $707,889 (46.6%) 0.00 68
    2023-12-01 $427,500 (61.3%) $773,369 (65.6%) 0.00 64
    2024-01-01 $375,000 (46.8%) $720,322 (59.1%) 0.00 64
    2024-02-01 $362,250 (36.7%) $718,932 (58.4%) 0.00 56
    2024-03-01 $360,000 (35.9%) $773,116 (88.6%) 0.00 52
    2024-04-01 $314,750 (16.6%) $621,555 (53.6%) 0.00 56
    2024-05-01 $373,725 (56.9%) $640,665 (70.3%) 0.00 57
    2024-06-01 $320,000 (9.6%) $582,777 (34.1%) 0.00 62
    2024-07-01 $323,750 (13.6%) $592,596 (36.1%) 0.00 63
    2024-08-01 $329,950 (17.8%) $578,761 (7.7%) 0.00 62
    2024-09-01 $309,975 (8.8%) $592,930 (3.3%) 0.00 62
    2024-10-01 $368,500 (17.2%) $617,568 (-11.0%) 0.00 55
    Las Vegas's median listing price for 2024-10-01 was $368,500, a difference of $54,000 (17.2%) versus the prior year and $58,525 versus the prior month.

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

    Las Vegas's average listing price for 2024-10-01 was $617,568, a difference of $-75,948 (-11.0%) versus the prior year and $24,638 versus the prior month.

    For the 2024-10-01 period, Las Vegas had 55 MLS listings, a difference of -7 listings (-11%) versus the prior month and -18 listings (-25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Las Vegas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,805 sqft
    2018-02-01 0 days 1,800 sqft
    2018-03-01 0 days 1,784 sqft
    2018-04-01 0 days 1,830 sqft
    2018-05-01 0 days 1,838 sqft
    2018-06-01 0 days 1,829 sqft
    2018-07-01 0 days 1,843 sqft
    2018-08-01 0 days 1,831 sqft
    2018-09-01 0 days 1,847 sqft
    2018-10-01 0 days 1,810 sqft
    2018-11-01 0 days 1,840 sqft
    2018-12-01 0 days 1,839 sqft
    2019-01-01 0 days 1,840 sqft
    2019-02-01 0 days 1,818 sqft
    2019-03-01 0 days 1,811 sqft
    2019-04-01 0 days 1,789 sqft
    2019-05-01 0 days 1,769 sqft
    2019-06-01 0 days 1,775 sqft
    2019-07-01 0 days 1,783 sqft
    2019-08-01 0 days 1,790 sqft
    2019-09-01 0 days 1,789 sqft
    2019-10-01 0 days 1,789 sqft
    2019-11-01 0 days 1,751 sqft
    2019-12-01 0 days 1,762 sqft
    2020-01-01 0 days 1,709 sqft
    2020-02-01 0 days 1,700 sqft
    2020-03-01 0 days 1,712 sqft
    2020-04-01 0 days 1,693 sqft
    2020-05-01 0 days 1,708 sqft
    2020-06-01 0 days 1,814 sqft
    2020-07-01 0 days 1,905 sqft
    2020-08-01 0 days 2,000 sqft
    2020-09-01 0 days 1,835 sqft
    2020-10-01 0 days 1,810 sqft
    2020-11-01 0 days 1,850 sqft
    2020-12-01 0 days 1,940 sqft
    2021-01-01 0 days 1,922 sqft
    2021-02-01 0 days 1,769 sqft
    2021-03-01 0 days 1,916 sqft
    2021-04-01 0 days 2,012 sqft
    2021-05-01 0 days 1,998 sqft
    2021-06-01 0 days 2,035 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 2,015 sqft
    2021-09-01 0 days 2,001 sqft
    2021-10-01 0 days 2,001 sqft
    2021-11-01 0 days 1,778 sqft
    2021-12-01 0 days 1,778 sqft
    2022-01-01 0 days 1,914 sqft
    2022-02-01 0 days 1,757 sqft
    2022-03-01 0 days 1,652 sqft
    2022-04-01 0 days 1,568 sqft
    2022-05-01 0 days 1,647 sqft
    2022-06-01 0 days 1,685 sqft
    2022-07-01 0 days 1,603 sqft
    2022-08-01 0 days 1,511 sqft
    2022-09-01 0 days 1,532 sqft
    2022-10-01 0 days 1,603 sqft
    2022-11-01 0 days 1,657 sqft
    2022-12-01 0 days 1,620 sqft
    2023-01-01 0 days 1,603 sqft
    2023-02-01 0 days 1,657 sqft
    2023-03-01 0 days 1,694 sqft
    2023-04-01 0 days 1,600 sqft
    2023-05-01 0 days 1,552 sqft
    2023-06-01 0 days 1,577 sqft
    2023-07-01 0 days 1,600 sqft
    2023-08-01 0 days 1,605 sqft
    2023-09-01 0 days 1,695 sqft
    2023-10-01 0 days 1,819 sqft
    2023-11-01 0 days 1,851 sqft
    2023-12-01 0 days 2,079 sqft
    2024-01-01 0 days 2,081 sqft
    2024-02-01 0 days 1,995 sqft
    2024-03-01 0 days 1,800 sqft
    2024-04-01 0 days 1,716 sqft
    2024-05-01 0 days 1,879 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,797 sqft
    2024-08-01 0 days 1,900 sqft
    2024-09-01 0 days 1,806 sqft
    2024-10-01 0 days 2,033 sqft
    Las Vegas's median listing age (time on market) for 2024-10-01 was 0 days.

    Las Vegas's median square footage for active listings during the 2024-10-01 period was 2,033 sqft. One year prior, the average listing was 1,819 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.