Los Alamos VA Loan Rates, Closing Costs & Stats

Los Alamos, 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.

    Los Alamos's 17 lenders originated 41 VA loans during 2023. The total origination value was $23,375,000, with an average VA loan value of $570,122.

    Los Alamos VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Los Alamos averaged 6.68% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Los Alamos's average VA mortgage closing costs are $9,012.

    The average rate for the prior week (2024-04-12) was 6.51% and one month ago for the week of 2024-03-15, the average rate was 6.77%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Los Alamos 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 Los Alamos level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Waterstone Mortgage Corporation 9 6.19% $17,559
    BOKF 5 5.75% $18,093
    Mortgage Research Center, LLC 4 6.50% $11,882
    NAVY FEDERAL CREDIT UNION 4 6.22% $12,517
    PENTAGON FEDERAL CREDIT UNION 3 4.92% $18,477
    Bell Bank 3 5.46% $16,614
    UNION HOME MORTGAGE CORP. 2 7.19% $6,628
    Neighborhood Loans, Inc. 1 6.25% $12,252
    Enterprise Bank & Trust 1 7.25% $4,189
    PREMIA MORTGAGE, LLC 1 6.25% $5,651
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $9,716
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.50% $3,353
    Prosperity Home Mortgage, LLC 1 5.63% $50,441
    The Central Trust Bank 1 5.13% $23,944
    USAA Federal Savings Bank 1 6.75% $25,775
    FREEDOM MORTGAGE CORPORATION 1 6.75% $39,530
    Nations Lending Corporation 1 7.25% $17,230

    The top Los Alamos VA lender as defined by loan originations is Waterstone Mortgage Corporation, with 9 VA loans originated. Their average total fees are $17,559, which is $533 lower than the next largest lender, BOKF.

    The lowest fee Los Alamos VA lenders (with over 10 loans originated) are .

    The lowest rate Los Alamos VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Los Alamos (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 $426,000 (77.5%) $494,592 (40.0%) 0.00 22
    2018-02-01 $382,250 (30.1%) $403,152 (3.3%) 0.00 23
    2018-03-01 $399,500 (36.7%) $406,050 (4.4%) 0.00 20
    2018-04-01 $353,500 (6.3%) $377,006 (-4.5%) 0.00 23
    2018-05-01 $346,250 (-7.5%) $391,745 (-10.4%) 0.00 19
    2018-06-01 $340,000 (-21.4%) $365,819 (-19.9%) 0.00 25
    2018-07-01 $407,500 (1.9%) $421,461 (1.0%) 0.00 24
    2018-08-01 $398,422 (0.4%) $435,790 (4.7%) 0.00 26
    2018-09-01 $419,500 (15.7%) $415,851 (4.6%) 0.00 26
    2018-10-01 $399,000 (-0.1%) $441,337 (7.2%) 0.00 20
    2018-11-01 $387,625 (-13.3%) $424,587 (-3.6%) 0.00 15
    2018-12-01 $371,000 (-13.1%) $394,990 (-11.7%) 0.00 14
    2019-01-01 $380,000 (-10.8%) $419,115 (-15.3%) 0.00 10
    2019-02-01 $371,500 (-2.8%) $398,380 (-1.2%) 0.00 9
    2019-03-01 $442,143 (10.7%) $439,330 (8.2%) 0.00 7
    2019-04-01 $431,893 (22.2%) $416,380 (10.4%) 0.00 12
    2019-05-01 $378,375 (9.3%) $387,717 (-1.0%) 0.00 17
    2019-06-01 $389,000 (14.4%) $410,627 (12.3%) 0.00 22
    2019-07-01 $395,000 (-3.1%) $425,212 (0.9%) 0.00 19
    2019-08-01 $446,002 (11.9%) $435,685 (0.0%) 0.00 19
    2019-09-01 $440,004 (4.9%) $418,815 (0.7%) 0.00 19
    2019-10-01 $435,348 (9.1%) $407,569 (-7.7%) 0.00 20
    2019-11-01 $411,983 (6.3%) $400,859 (-5.6%) 0.00 12
    2019-12-01 $417,250 (12.5%) $412,158 (4.4%) 0.00 9
    2020-01-01 $371,000 (-2.4%) $383,822 (-8.4%) 0.00 10
    2020-02-01 $397,500 (7.0%) $341,191 (-14.4%) 0.00 8
    2020-03-01 $412,000 (-6.8%) $398,731 (-9.2%) 0.00 11
    2020-04-01 $397,000 (-8.1%) $403,419 (-3.1%) 0.00 16
    2020-05-01 $392,000 (3.6%) $435,571 (12.3%) 0.00 15
    2020-06-01 $448,250 (15.2%) $474,401 (15.5%) 0.00 25
    2020-07-01 $459,250 (16.3%) $460,150 (8.2%) 0.00 27
    2020-08-01 $445,000 (-0.2%) $451,151 (3.6%) 0.00 22
    2020-09-01 $541,000 (23.0%) $488,333 (16.6%) 0.00 29
    2020-10-01 $535,000 (22.9%) $493,953 (21.2%) 0.00 23
    2020-11-01 $524,060 (27.2%) $489,733 (22.2%) 0.00 23
    2020-12-01 $499,125 (19.6%) $450,340 (9.3%) 0.00 23
    2021-01-01 $487,000 (31.3%) $461,097 (20.1%) 0.00 17
    2021-02-01 $378,249 (-4.8%) $407,392 (19.4%) 0.00 11
    2021-03-01 $334,750 (-18.8%) $346,938 (-13.0%) 0.00 8
    2021-04-01 $411,500 (3.7%) $416,134 (3.2%) 0.00 7
    2021-05-01 $425,000 (8.4%) $452,716 (3.9%) 0.00 12
    2021-06-01 $476,500 (6.3%) $460,413 (-3.0%) 0.00 9
    2021-07-01 $427,000 (-7.0%) $460,361 (0.1%) 0.00 10
    2021-08-01 $492,000 (10.6%) $510,076 (13.1%) 0.00 10
    2021-09-01 $462,000 (-14.6%) $498,041 (2.0%) 0.00 10
    2021-10-01 $499,000 (-6.7%) $590,072 (19.5%) 0.00 11
    2021-11-01 $434,000 (-17.2%) $472,249 (-3.6%) 0.00 8
    2021-12-01 $382,000 (-23.5%) $430,594 (-4.4%) 0.00 8
    2022-01-01 $490,000 (0.6%) $491,667 (6.6%) 0.00 8
    2022-02-01 $437,500 (15.7%) $464,774 (14.1%) 0.00 5
    2022-03-01 $592,250 (76.9%) $598,825 (72.6%) 0.00 8
    2022-04-01 $572,500 (39.1%) $601,188 (44.5%) 0.00 12
    2022-05-01 $534,950 (25.9%) $551,828 (21.9%) 0.00 14
    2022-06-01 $495,750 (4.0%) $529,409 (15.0%) 0.00 15
    2022-07-01 $549,500 (28.7%) $577,232 (25.4%) 0.00 19
    2022-08-01 $538,500 (9.5%) $587,771 (15.2%) 0.00 22
    2022-09-01 $514,500 (11.4%) $582,732 (17.0%) 0.00 17
    2022-10-01 $657,000 (31.7%) $627,800 (6.4%) 0.00 14
    2022-11-01 $640,000 (47.5%) $654,663 (38.6%) 0.00 10
    2022-12-01 $700,000 (83.3%) $692,735 (60.9%) 0.00 9
    2023-01-01 $665,000 (35.7%) $668,584 (36.0%) 0.00 10
    2023-02-01 $706,250 (61.4%) $669,238 (44.0%) 0.00 10
    2023-03-01 $804,060 (35.8%) $701,448 (17.1%) 0.00 9
    2023-04-01 $750,000 (31.0%) $738,836 (22.9%) 0.00 14
    2023-05-01 $620,250 (16.0%) $651,715 (18.1%) 0.00 16
    2023-06-01 $730,000 (47.3%) $675,852 (27.7%) 0.00 17
    2023-07-01 $712,000 (29.6%) $717,200 (24.3%) 0.00 17
    2023-08-01 $739,500 (37.3%) $733,596 (24.8%) 0.00 22
    2023-09-01 $732,000 (42.3%) $700,206 (20.2%) 0.00 23
    2023-10-01 $738,000 (12.3%) $750,550 (19.6%) 0.00 22
    2023-11-01 $743,500 (16.2%) $793,324 (21.2%) 0.00 24
    2023-12-01 $750,000 (7.1%) $828,093 (19.5%) 0.00 21
    2024-01-01 $795,750 (19.7%) $847,417 (26.8%) 0.00 15
    2024-02-01 $834,500 (18.2%) $859,498 (28.4%) 0.00 13
    2024-03-01 $799,000 (-0.6%) $815,361 (16.2%) 0.00 11
    Los Alamos's median listing price for 2024-03-01 was $799,000, a difference of $-5,060 (-0.6%) versus the prior year and $-35,500 versus the prior month.

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

    Los Alamos's average listing price for 2024-03-01 was $815,361, a difference of $113,913 (16.2%) versus the prior year and $-44,137 versus the prior month.

    For the 2024-03-01 period, Los Alamos had 11 MLS listings, a difference of -2 listings (-15%) versus the prior month and 2 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Los Alamos (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,745 sqft
    2018-02-01 0 days 2,382 sqft
    2018-03-01 0 days 2,338 sqft
    2018-04-01 0 days 2,161 sqft
    2018-05-01 0 days 1,726 sqft
    2018-06-01 0 days 1,895 sqft
    2018-07-01 0 days 2,333 sqft
    2018-08-01 0 days 2,314 sqft
    2018-09-01 0 days 2,473 sqft
    2018-10-01 0 days 2,281 sqft
    2018-11-01 0 days 2,228 sqft
    2018-12-01 0 days 2,068 sqft
    2019-01-01 0 days 2,311 sqft
    2019-02-01 0 days 2,356 sqft
    2019-03-01 0 days 2,539 sqft
    2019-04-01 0 days 2,374 sqft
    2019-05-01 0 days 1,964 sqft
    2019-06-01 0 days 2,409 sqft
    2019-07-01 0 days 2,305 sqft
    2019-08-01 0 days 2,223 sqft
    2019-09-01 0 days 2,038 sqft
    2019-10-01 0 days 1,894 sqft
    2019-11-01 0 days 1,894 sqft
    2019-12-01 0 days 2,103 sqft
    2020-01-01 0 days 1,801 sqft
    2020-02-01 0 days 1,763 sqft
    2020-03-01 0 days 2,011 sqft
    2020-04-01 0 days 1,883 sqft
    2020-05-01 0 days 2,058 sqft
    2020-06-01 0 days 2,228 sqft
    2020-07-01 0 days 2,190 sqft
    2020-08-01 0 days 2,195 sqft
    2020-09-01 0 days 2,312 sqft
    2020-10-01 0 days 2,300 sqft
    2020-11-01 0 days 2,371 sqft
    2020-12-01 0 days 2,248 sqft
    2021-01-01 0 days 2,300 sqft
    2021-02-01 0 days 1,792 sqft
    2021-03-01 0 days 1,534 sqft
    2021-04-01 0 days 1,965 sqft
    2021-05-01 0 days 2,009 sqft
    2021-06-01 0 days 1,952 sqft
    2021-07-01 0 days 1,779 sqft
    2021-08-01 0 days 2,031 sqft
    2021-09-01 0 days 2,048 sqft
    2021-10-01 0 days 2,349 sqft
    2021-11-01 0 days 1,949 sqft
    2021-12-01 0 days 1,755 sqft
    2022-01-01 0 days 1,917 sqft
    2022-02-01 0 days 1,771 sqft
    2022-03-01 0 days 2,580 sqft
    2022-04-01 0 days 2,292 sqft
    2022-05-01 0 days 2,141 sqft
    2022-06-01 0 days 1,908 sqft
    2022-07-01 0 days 2,002 sqft
    2022-08-01 0 days 2,230 sqft
    2022-09-01 0 days 2,022 sqft
    2022-10-01 0 days 2,479 sqft
    2022-11-01 0 days 2,359 sqft
    2022-12-01 0 days 2,284 sqft
    2023-01-01 0 days 2,293 sqft
    2023-02-01 0 days 2,229 sqft
    2023-03-01 0 days 2,470 sqft
    2023-04-01 0 days 2,344 sqft
    2023-05-01 0 days 2,173 sqft
    2023-06-01 0 days 2,427 sqft
    2023-07-01 0 days 2,470 sqft
    2023-08-01 0 days 2,528 sqft
    2023-09-01 0 days 2,509 sqft
    2023-10-01 0 days 2,640 sqft
    2023-11-01 0 days 2,463 sqft
    2023-12-01 0 days 2,585 sqft
    2024-01-01 0 days 2,497 sqft
    2024-02-01 0 days 2,777 sqft
    2024-03-01 0 days 2,432 sqft
    Los Alamos's median listing age (time on market) for 2024-03-01 was 0 days.

    Los Alamos's median square footage for active listings during the 2024-03-01 period was 2,432 sqft. One year prior, the average listing was 2,470 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.