Ruidoso VA Loan Rates, Closing Costs & Stats
Ruidoso, 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.
Ruidoso's 14 lenders originated 36 VA loans during 2024. The total origination value was $11,970,000, with an average VA loan value of $332,500.
Ruidoso VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Ruidoso
averaged
6.88%
for the week of 2025-04-04, compared to the national average (all VA variants) of
6.06% for the same period.
Ruidoso's average VA mortgage closing costs are $6,122.
The average rate for the prior week (2025-03-28) was
7.2% and
one month ago for the week of 2025-02-28, the
average rate was 6.77%.
The average rate one year ago was 7.28%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.16%.
Ruidoso 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 Ruidoso level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 8 | 6.21% | $3,968 |
| Mortgage Research Center, LLC | 7 | 6.36% | $4,268 |
| NEW DAY FINANCIAL, LLC | 3 | 7.12% | $5,314 |
| Century Mortgage Company DBA Century Lending Company | 2 | 7.25% | $8,416 |
| Flagstar Bank, FSB | 2 | 6.94% | $5,323 |
| LOANDEPOT.COM, LLC | 2 | 6.75% | $3,944 |
| PENTAGON FEDERAL CREDIT UNION | 2 | 5.50% | $4,492 |
| QUICKEN LOANS, LLC | 2 | 5.93% | $19,909 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 7.25% | $13,483 |
| City Bank | 1 | 7.00% | $3,277 |
| VILLAGE CAPITAL MORTGAGE | 1 | 5.49% | $8,156 |
| The Federal Savings Bank | 1 | 7.13% | $14,261 |
| NBKC BANK | 1 | 5.13% | $15,151 |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | 1 | 6.75% | $5,227 |
The top Ruidoso VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
8 VA loans originated. Their average total fees are
$3,968, which is $299
lower than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Ruidoso VA lenders (with over 10 loans originated) are
.
The lowest rate Ruidoso VA lenders (with over 10 loans originated) are
.