Roswell VA Loan Rates, Closing Costs & Stats

Roswell, 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.

    Roswell's 25 lenders originated 67 VA loans during 2023. The total origination value was $15,845,000, with an average VA loan value of $236,493.

    Roswell VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Roswell averaged 7.04% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Roswell's average VA mortgage closing costs are $5,547.

    The average rate for the prior week (2024-04-12) was 6.77% and one month ago for the week of 2024-03-15, the average rate was 6.73%.

    The average rate one year ago was 5.92%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Roswell 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 Roswell level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 21 6.55% $7,167
    QUICKEN LOANS, LLC 8 6.28% $10,094
    NAVY FEDERAL CREDIT UNION 4 5.66% $9,354
    CMG MORTGAGE, INC. 3 6.75% $5,591
    PENNYMAC LOAN SERVICES, LLC 3 5.17% $4,107
    The Federal Savings Bank 2 6.44% $18,097
    NEW DAY FINANCIAL, LLC 2 7.63% $10,263
    FREEDOM MORTGAGE CORPORATION 2 6.25% $9,269
    Barrington Bank & Trust Company, N.A. 2 6.50% $5,081
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $5,575
    Prosperity Home Mortgage, LLC 1 5.75% $3,303
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $4,685
    SUN AMERICAN MORTGAGE COMPANY 1 6.13% $2,236
    UNITED WHOLESALE MORTGAGE, LLC 1 7.63% $10,401
    USAA Federal Savings Bank 1 6.63% $10,573
    AMCAP MORTGAGE, LTD. 1 7.00% $13,354
    Wells Fargo Bank 1 6.88% $2,199
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $12,312
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.50% $4,396
    GENEVA FINANCIAL, LLC 1 7.63% $6,646
    LOANPAL, LLC 1 5.75% $14,246
    MICHIGAN MUTUAL, INC. 1 6.13% $7,904
    Mid-Continent Funding, Inc. 1 5.75% $16,834
    Mr. Cooper ( Nationstar Mortgage ) 1 6.00% $13,944
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $6,906

    The top Roswell VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $7,167, which is $2,927 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Roswell VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,167), .

    The lowest rate Roswell VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.55%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Roswell (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 $160,000 (13.9%) $205,581 (-65.3%) 0.00 268
    2018-02-01 $165,750 (22.6%) $206,463 (9.6%) 0.00 270
    2018-03-01 $178,000 (27.1%) $211,054 (8.8%) 0.00 269
    2018-04-01 $185,450 (24.5%) $217,860 (9.6%) 0.00 271
    2018-05-01 $194,875 (36.6%) $217,292 (9.7%) 0.00 276
    2018-06-01 $186,250 (27.5%) $218,168 (10.4%) 0.00 296
    2018-07-01 $185,000 (19.6%) $217,556 (7.3%) 0.00 295
    2018-08-01 $185,225 (9.0%) $217,005 (3.1%) 0.00 280
    2018-09-01 $184,000 (12.4%) $212,995 (7.1%) 0.00 272
    2018-10-01 $182,500 (10.6%) $204,263 (-0.1%) 0.00 261
    2018-11-01 $181,250 (9.5%) $206,999 (1.1%) 0.00 252
    2018-12-01 $189,000 (18.1%) $223,099 (7.3%) 0.00 243
    2019-01-01 $196,225 (22.6%) $225,007 (9.5%) 0.00 227
    2019-02-01 $203,875 (23.0%) $225,947 (9.4%) 0.00 217
    2019-03-01 $203,068 (14.1%) $224,660 (6.5%) 0.00 203
    2019-04-01 $194,413 (4.8%) $225,585 (3.6%) 0.00 202
    2019-05-01 $189,750 (-2.6%) $220,991 (1.7%) 0.00 199
    2019-06-01 $189,950 (2.0%) $217,856 (-0.1%) 0.00 174
    2019-07-01 $183,475 (-0.8%) $214,217 (-1.5%) 0.00 157
    2019-08-01 $192,182 (3.8%) $221,455 (2.1%) 0.00 157
    2019-09-01 $199,955 (8.7%) $230,950 (8.4%) 0.00 157
    2019-10-01 $205,136 (12.4%) $237,280 (16.2%) 0.00 158
    2019-11-01 $209,700 (15.7%) $243,875 (17.8%) 0.00 156
    2019-12-01 $186,750 (-1.2%) $228,888 (2.6%) 0.00 144
    2020-01-01 $181,150 (-7.7%) $215,423 (-4.3%) 0.00 138
    2020-02-01 $191,250 (-6.2%) $238,895 (5.7%) 0.00 124
    2020-03-01 $179,975 (-11.4%) $232,375 (3.4%) 0.00 134
    2020-04-01 $206,250 (6.1%) $245,687 (8.9%) 0.00 135
    2020-05-01 $197,000 (3.8%) $239,437 (8.4%) 0.00 118
    2020-06-01 $205,750 (8.3%) $240,884 (10.6%) 0.00 116
    2020-07-01 $194,975 (6.3%) $230,792 (7.7%) 0.00 113
    2020-08-01 $180,000 (-6.3%) $223,425 (0.9%) 0.00 124
    2020-09-01 $176,250 (-11.9%) $224,941 (-2.6%) 0.00 120
    2020-10-01 $167,400 (-18.4%) $214,743 (-9.5%) 0.00 125
    2020-11-01 $164,975 (-21.3%) $206,213 (-15.4%) 0.00 124
    2020-12-01 $172,750 (-7.5%) $216,641 (-5.4%) 0.00 131
    2021-01-01 $165,000 (-8.9%) $208,624 (-3.2%) 0.00 113
    2021-02-01 $167,150 (-12.6%) $217,466 (-9.0%) 0.00 112
    2021-03-01 $189,750 (5.4%) $238,236 (2.5%) 0.00 106
    2021-04-01 $193,600 (-6.1%) $234,416 (-4.6%) 0.00 117
    2021-05-01 $199,900 (1.5%) $246,221 (2.8%) 0.00 123
    2021-06-01 $202,100 (-1.8%) $249,458 (3.6%) 0.00 135
    2021-07-01 $199,900 (2.5%) $239,907 (4.0%) 0.00 146
    2021-08-01 $199,975 (11.1%) $234,365 (4.9%) 0.00 165
    2021-09-01 $195,975 (11.2%) $224,197 (-0.3%) 0.00 157
    2021-10-01 $191,500 (14.4%) $222,286 (3.5%) 0.00 147
    2021-11-01 $202,500 (22.8%) $238,891 (15.9%) 0.00 136
    2021-12-01 $207,500 (20.1%) $244,023 (12.6%) 0.00 126
    2022-01-01 $230,000 (39.4%) $258,235 (23.8%) 0.00 127
    2022-02-01 $236,125 (41.3%) $276,227 (27.0%) 0.00 123
    2022-03-01 $226,500 (19.4%) $271,723 (14.1%) 0.00 124
    2022-04-01 $244,825 (26.5%) $271,704 (15.9%) 0.00 131
    2022-05-01 $253,750 (26.9%) $291,347 (18.3%) 0.00 145
    2022-06-01 $247,456 (22.4%) $284,311 (14.0%) 0.00 148
    2022-07-01 $241,000 (20.6%) $278,459 (16.1%) 0.00 169
    2022-08-01 $235,000 (17.5%) $269,508 (15.0%) 0.00 169
    2022-09-01 $235,000 (19.9%) $272,775 (21.7%) 0.00 169
    2022-10-01 $224,000 (17.0%) $266,594 (19.9%) 0.00 179
    2022-11-01 $225,000 (11.1%) $274,290 (14.8%) 0.00 179
    2022-12-01 $239,000 (15.2%) $278,518 (14.1%) 0.00 178
    2023-01-01 $237,000 (3.0%) $288,226 (11.6%) 0.00 166
    2023-02-01 $232,319 (-1.6%) $280,303 (1.5%) 0.00 152
    2023-03-01 $246,913 (9.0%) $284,274 (4.6%) 0.00 143
    2023-04-01 $269,450 (10.1%) $297,073 (9.3%) 0.00 137
    2023-05-01 $295,000 (16.3%) $309,704 (6.3%) 0.00 91
    2023-06-01 $260,000 (5.1%) $297,065 (4.5%) 0.00 107
    2023-07-01 $249,500 (3.5%) $299,671 (7.6%) 0.00 103
    2023-08-01 $240,000 (2.1%) $285,382 (5.9%) 0.00 122
    2023-09-01 $233,000 (-0.9%) $278,203 (2.0%) 0.00 131
    2023-10-01 $220,500 (-1.6%) $271,251 (1.8%) 0.00 139
    2023-11-01 $220,250 (-2.1%) $278,910 (1.7%) 0.00 145
    2023-12-01 $220,000 (-8.0%) $284,900 (2.3%) 0.00 144
    2024-01-01 $220,250 (-7.1%) $283,239 (-1.7%) 0.00 152
    2024-02-01 $225,000 (-3.2%) $284,526 (1.5%) 0.00 147
    2024-03-01 $239,000 (-3.2%) $289,941 (2.0%) 0.00 147
    Roswell's median listing price for 2024-03-01 was $239,000, a difference of $-7,913 (-3.2%) versus the prior year and $14,000 versus the prior month.

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

    Roswell's average listing price for 2024-03-01 was $289,941, a difference of $5,667 (2.0%) versus the prior year and $5,415 versus the prior month.

    For the 2024-03-01 period, Roswell had 147 MLS listings, a difference of 0 listings (0%) versus the prior month and 4 listings (3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Roswell (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,965 sqft
    2018-02-01 0 days 1,969 sqft
    2018-03-01 0 days 1,958 sqft
    2018-04-01 0 days 1,973 sqft
    2018-05-01 0 days 2,048 sqft
    2018-06-01 0 days 2,017 sqft
    2018-07-01 0 days 1,993 sqft
    2018-08-01 0 days 1,938 sqft
    2018-09-01 0 days 1,910 sqft
    2018-10-01 0 days 1,911 sqft
    2018-11-01 0 days 1,941 sqft
    2018-12-01 0 days 1,973 sqft
    2019-01-01 0 days 1,988 sqft
    2019-02-01 0 days 1,998 sqft
    2019-03-01 0 days 2,016 sqft
    2019-04-01 0 days 2,037 sqft
    2019-05-01 0 days 2,008 sqft
    2019-06-01 0 days 2,000 sqft
    2019-07-01 0 days 1,947 sqft
    2019-08-01 0 days 1,977 sqft
    2019-09-01 0 days 2,016 sqft
    2019-10-01 0 days 2,056 sqft
    2019-11-01 0 days 2,105 sqft
    2019-12-01 0 days 1,909 sqft
    2020-01-01 0 days 1,879 sqft
    2020-02-01 0 days 1,935 sqft
    2020-03-01 0 days 1,863 sqft
    2020-04-01 0 days 1,974 sqft
    2020-05-01 0 days 1,967 sqft
    2020-06-01 0 days 1,990 sqft
    2020-07-01 0 days 1,900 sqft
    2020-08-01 0 days 1,866 sqft
    2020-09-01 0 days 1,808 sqft
    2020-10-01 0 days 1,729 sqft
    2020-11-01 0 days 1,661 sqft
    2020-12-01 0 days 1,711 sqft
    2021-01-01 0 days 1,672 sqft
    2021-02-01 0 days 1,720 sqft
    2021-03-01 0 days 1,881 sqft
    2021-04-01 0 days 1,892 sqft
    2021-05-01 0 days 1,912 sqft
    2021-06-01 0 days 1,889 sqft
    2021-07-01 0 days 1,832 sqft
    2021-08-01 0 days 1,805 sqft
    2021-09-01 0 days 1,728 sqft
    2021-10-01 0 days 1,731 sqft
    2021-11-01 0 days 1,744 sqft
    2021-12-01 0 days 1,753 sqft
    2022-01-01 0 days 1,820 sqft
    2022-02-01 0 days 1,902 sqft
    2022-03-01 0 days 1,815 sqft
    2022-04-01 0 days 1,815 sqft
    2022-05-01 0 days 1,910 sqft
    2022-06-01 0 days 1,875 sqft
    2022-07-01 0 days 1,886 sqft
    2022-08-01 0 days 1,842 sqft
    2022-09-01 0 days 1,858 sqft
    2022-10-01 0 days 1,889 sqft
    2022-11-01 0 days 1,959 sqft
    2022-12-01 0 days 1,930 sqft
    2023-01-01 0 days 1,944 sqft
    2023-02-01 0 days 1,923 sqft
    2023-03-01 0 days 1,965 sqft
    2023-04-01 0 days 2,105 sqft
    2023-05-01 0 days 2,154 sqft
    2023-06-01 0 days 2,095 sqft
    2023-07-01 0 days 2,154 sqft
    2023-08-01 0 days 2,073 sqft
    2023-09-01 0 days 1,965 sqft
    2023-10-01 0 days 1,927 sqft
    2023-11-01 0 days 1,824 sqft
    2023-12-01 0 days 1,766 sqft
    2024-01-01 0 days 1,776 sqft
    2024-02-01 0 days 1,760 sqft
    2024-03-01 0 days 1,800 sqft
    Roswell's median listing age (time on market) for 2024-03-01 was 0 days.

    Roswell's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,965 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.