Roswell VA Loan Rates, Closing Costs & Stats

Roswell, NM

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 6.62% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

The average rate for the prior week (2024-11-01) was 6.37% and one month ago for the week of 2024-10-04, the average rate was 5.9%.

The average rate one year ago was 7.16%.

For refis of the same type during the week of 2024-11-08, the average rate was 6.44%.

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
2024-04-01 $262,475 (-2.6%) $303,487 (2.2%) 0.00 149
2024-05-01 $271,250 (-8.1%) $310,809 (0.4%) 0.00 158
2024-06-01 $279,450 (7.5%) $318,717 (7.3%) 0.00 167
2024-07-01 $293,450 (17.6%) $321,107 (7.2%) 0.00 186
2024-08-01 $279,900 (16.6%) $319,571 (12.0%) 0.00 193
2024-09-01 $283,200 (21.6%) $324,580 (16.7%) 0.00 192
2024-10-01 $275,000 (24.7%) $321,624 (18.6%) 0.00 196
Roswell's median listing price for 2024-10-01 was $275,000, a difference of $54,500 (24.7%) versus the prior year and $-8,200 versus the prior month.

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

Roswell's average listing price for 2024-10-01 was $321,624, a difference of $50,373 (18.6%) versus the prior year and $-2,956 versus the prior month.

For the 2024-10-01 period, Roswell had 196 MLS listings, a difference of 4 listings (2%) versus the prior month and 57 listings (41%) 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
2024-04-01 0 days 1,875 sqft
2024-05-01 0 days 1,981 sqft
2024-06-01 0 days 1,994 sqft
2024-07-01 0 days 1,989 sqft
2024-08-01 0 days 1,981 sqft
2024-09-01 0 days 1,968 sqft
2024-10-01 0 days 1,931 sqft
Roswell's median listing age (time on market) for 2024-10-01 was 0 days.

Roswell's median square footage for active listings during the 2024-10-01 period was 1,931 sqft. One year prior, the average listing was 1,927 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.