Santa Fe VA Loan Rates, Closing Costs & Stats
SANTA FE, 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.
Santa Fe's 49 lenders originated 143 VA loans during 2023. The total origination value was $67,175,000, with an average VA loan value of $469,755.
Santa Fe VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Santa Fe
averaged
5.92%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Santa Fe's average VA mortgage closing costs are $7,943.
The average rate for the prior week (2024-10-04) was
5.79% and
one month ago for the week of 2024-09-06, the
average rate was 5.68%.
The average rate one year ago was 7.44%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.91%.
Santa Fe 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 Santa Fe level.
The top Santa Fe VA lender as defined by loan originations is Mortgage Research Center, LLC, with
19 VA loans originated. Their average total fees are
$7,427, which is $6,662
lower than the next largest lender,
PULTE MORTGAGE LLC.
The lowest fee Santa Fe VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($7,427), PULTE MORTGAGE LLC ($14,089), .
The lowest rate Santa Fe VA lenders (with over 10 loans originated) are
PULTE MORTGAGE LLC (5.59%), Mortgage Research Center, LLC (6.42%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Santa Fe (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $565,000 (5.9%) | $868,831 (7.6%) | 2.09 | 722 |
2018-02-01 | $571,500 (8.6%) | $879,568 (9.6%) | 2.07 | 698 |
2018-03-01 | $560,000 (12.0%) | $885,150 (12.2%) | 1.96 | 679 |
2018-04-01 | $575,000 (8.6%) | $912,961 (14.0%) | 1.95 | 680 |
2018-05-01 | $577,000 (4.0%) | $914,318 (11.8%) | 1.93 | 726 |
2018-06-01 | $595,000 (6.5%) | $916,069 (11.0%) | 1.98 | 776 |
2018-07-01 | $598,000 (8.7%) | $920,277 (12.7%) | 2.00 | 833 |
2018-08-01 | $574,250 (3.9%) | $894,762 (8.8%) | 1.92 | 902 |
2018-09-01 | $568,500 (3.6%) | $895,327 (10.2%) | 1.91 | 884 |
2018-10-01 | $575,750 (4.8%) | $910,532 (11.6%) | 1.95 | 869 |
2018-11-01 | $575,000 (4.7%) | $913,624 (10.8%) | 1.95 | 828 |
2018-12-01 | $575,000 (0.0%) | $896,224 (2.2%) | 1.98 | 761 |
2019-01-01 | $591,750 (4.7%) | $908,944 (4.6%) | 2.04 | 659 |
2019-02-01 | $599,250 (4.9%) | $901,236 (2.5%) | 2.02 | 627 |
2019-03-01 | $576,529 (3.0%) | $971,511 (9.8%) | 1.89 | 626 |
2019-04-01 | $552,479 (-3.9%) | $964,196 (5.6%) | 1.75 | 649 |
2019-05-01 | $549,325 (-4.8%) | $856,677 (-6.3%) | 1.72 | 699 |
2019-06-01 | $549,000 (-7.7%) | $843,088 (-8.0%) | 1.72 | 799 |
2019-07-01 | $549,500 (-8.1%) | $851,270 (-7.5%) | 1.72 | 805 |
2019-08-01 | $571,455 (-0.5%) | $861,793 (-3.7%) | 1.81 | 793 |
2019-09-01 | $581,886 (2.4%) | $863,087 (-3.6%) | 1.86 | 775 |
2019-10-01 | $589,000 (2.3%) | $863,645 (-5.2%) | 1.90 | 747 |
2019-11-01 | $595,000 (3.5%) | $890,405 (-2.5%) | 1.95 | 662 |
2019-12-01 | $620,000 (7.8%) | $913,078 (1.9%) | 2.07 | 600 |
2020-01-01 | $623,725 (5.4%) | $940,013 (3.4%) | 2.08 | 517 |
2020-02-01 | $625,000 (4.3%) | $973,932 (8.1%) | 2.05 | 464 |
2020-03-01 | $616,750 (7.0%) | $960,567 (-1.1%) | 1.93 | 462 |
2020-04-01 | $577,379 (4.5%) | $921,505 (-4.4%) | 1.81 | 511 |
2020-05-01 | $598,500 (9.0%) | $945,711 (10.4%) | 1.82 | 518 |
2020-06-01 | $622,000 (13.3%) | $942,125 (11.8%) | 1.83 | 544 |
2020-07-01 | $637,000 (15.9%) | $1,003,541 (17.9%) | 1.85 | 555 |
2020-08-01 | $639,000 (11.8%) | $1,003,776 (16.5%) | 1.83 | 554 |
2020-09-01 | $675,000 (16.0%) | $1,112,602 (28.9%) | 1.93 | 508 |
2020-10-01 | $677,000 (14.9%) | $1,145,065 (32.6%) | 1.94 | 479 |
2020-11-01 | $656,750 (10.4%) | $1,202,295 (35.0%) | 1.92 | 437 |
2020-12-01 | $659,225 (6.3%) | $1,189,302 (30.3%) | 1.96 | 401 |
2021-01-01 | $645,000 (3.4%) | $1,209,812 (28.7%) | 1.93 | 339 |
2021-02-01 | $612,000 (-2.1%) | $1,236,697 (27.0%) | 1.78 | 302 |
2021-03-01 | $636,500 (3.2%) | $1,332,028 (38.7%) | 1.81 | 264 |
2021-04-01 | $685,750 (18.8%) | $1,381,954 (50.0%) | 1.86 | 260 |
2021-05-01 | $692,000 (15.6%) | $1,326,373 (40.3%) | 1.84 | 276 |
2021-06-01 | $689,000 (10.8%) | $1,279,045 (35.8%) | 1.81 | 286 |
2021-07-01 | $675,000 (6.0%) | $1,276,725 (27.2%) | 1.78 | 347 |
2021-08-01 | $689,000 (7.8%) | $1,274,457 (27.0%) | 1.84 | 372 |
2021-09-01 | $695,500 (3.0%) | $1,322,506 (18.9%) | 1.85 | 353 |
2021-10-01 | $691,000 (2.1%) | $1,368,468 (19.5%) | 1.84 | 316 |
2021-11-01 | $706,225 (7.5%) | $1,499,424 (24.7%) | 1.89 | 247 |
2021-12-01 | $695,000 (5.4%) | $1,514,168 (27.3%) | 1.88 | 221 |
2022-01-01 | $719,900 (11.6%) | $1,604,392 (32.6%) | 1.95 | 187 |
2022-02-01 | $872,998 (42.7%) | $1,751,586 (41.6%) | 2.27 | 155 |
2022-03-01 | $841,000 (32.1%) | $1,745,104 (31.0%) | 2.11 | 171 |
2022-04-01 | $797,450 (16.3%) | $1,670,391 (20.9%) | 1.90 | 175 |
2022-05-01 | $786,750 (13.7%) | $1,529,732 (15.3%) | 1.80 | 239 |
2022-06-01 | $797,550 (15.8%) | $1,460,637 (14.2%) | 1.78 | 297 |
2022-07-01 | $782,000 (15.9%) | $1,408,114 (10.3%) | 1.76 | 371 |
2022-08-01 | $849,500 (23.3%) | $1,491,494 (17.0%) | 1.96 | 372 |
2022-09-01 | $847,500 (21.9%) | $1,459,176 (10.3%) | 1.98 | 383 |
2022-10-01 | $775,000 (12.2%) | $1,421,887 (3.9%) | 1.82 | 414 |
2022-11-01 | $738,500 (4.6%) | $1,394,531 (-7.0%) | 1.78 | 428 |
2022-12-01 | $767,615 (10.5%) | $1,444,784 (-4.6%) | 1.90 | 406 |
2023-01-01 | $747,500 (3.8%) | $1,437,995 (-10.4%) | 1.85 | 356 |
2023-02-01 | $739,975 (-15.2%) | $1,450,682 (-17.2%) | 1.79 | 342 |
2023-03-01 | $756,500 (-10.1%) | $1,507,545 (-13.6%) | 1.78 | 323 |
2023-04-01 | $779,750 (-2.2%) | $1,500,215 (-10.2%) | 1.81 | 330 |
2023-05-01 | $907,000 (15.3%) | $1,557,970 (1.9%) | 2.06 | 346 |
2023-06-01 | $985,000 (23.5%) | $1,609,358 (10.2%) | 2.21 | 363 |
2023-07-01 | $969,950 (24.0%) | $1,562,229 (10.9%) | 2.20 | 408 |
2023-08-01 | $886,000 (4.3%) | $1,462,082 (-2.0%) | 2.03 | 438 |
2023-09-01 | $895,000 (5.6%) | $1,435,884 (-1.6%) | 2.08 | 469 |
2023-10-01 | $850,000 (9.7%) | $1,400,568 (-1.5%) | 2.00 | 492 |
2023-11-01 | $830,000 (12.4%) | $1,393,275 (-0.1%) | 1.98 | 505 |
2023-12-01 | $822,500 (7.2%) | $1,368,357 (-5.3%) | 2.01 | 457 |
2024-01-01 | $814,800 (9.0%) | $1,345,703 (-6.4%) | 1.99 | 394 |
2024-02-01 | $799,450 (8.0%) | $1,382,076 (-4.7%) | 1.92 | 387 |
2024-03-01 | $845,000 (11.7%) | $1,408,584 (-6.6%) | 1.99 | 380 |
2024-04-01 | $826,000 (5.9%) | $1,389,941 (-7.4%) | 1.92 | 429 |
2024-05-01 | $872,000 (-3.9%) | $1,427,503 (-8.4%) | 1.97 | 470 |
2024-06-01 | $850,000 (-13.7%) | $1,387,892 (-13.8%) | 1.91 | 544 |
2024-07-01 | $827,500 (-14.7%) | $1,323,323 (-15.3%) | 1.89 | 606 |
2024-08-01 | $810,000 (-8.6%) | $1,297,994 (-11.2%) | 1.88 | 664 |
2024-09-01 | $789,500 (-11.8%) | $1,270,297 (-11.5%) | 1.86 | 697 |
Santa Fe's median listing price comes in at 186% of the national average.
Santa Fe's average listing price for 2024-09-01 was $1,270,297, a difference of $-165,587 (-11.5%) versus the prior year and $-27,697 versus the prior month.
For the 2024-09-01 period, Santa Fe had 697 MLS listings, a difference of 33 listings (5%) versus the prior month and 228 listings (49%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Santa Fe (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 127 days | 2,544 sqft |
2018-02-01 | 116 days | 2,562 sqft |
2018-03-01 | 91 days | 2,600 sqft |
2018-04-01 | 67 days | 2,600 sqft |
2018-05-01 | 58 days | 2,567 sqft |
2018-06-01 | 57 days | 2,560 sqft |
2018-07-01 | 58 days | 2,571 sqft |
2018-08-01 | 62 days | 2,550 sqft |
2018-09-01 | 72 days | 2,524 sqft |
2018-10-01 | 81 days | 2,539 sqft |
2018-11-01 | 90 days | 2,591 sqft |
2018-12-01 | 99 days | 2,550 sqft |
2019-01-01 | 113 days | 2,570 sqft |
2019-02-01 | 109 days | 2,541 sqft |
2019-03-01 | 88 days | 2,484 sqft |
2019-04-01 | 72 days | 2,465 sqft |
2019-05-01 | 55 days | 2,348 sqft |
2019-06-01 | 56 days | 2,350 sqft |
2019-07-01 | 59 days | 2,383 sqft |
2019-08-01 | 67 days | 2,452 sqft |
2019-09-01 | 74 days | 2,474 sqft |
2019-10-01 | 78 days | 2,496 sqft |
2019-11-01 | 89 days | 2,500 sqft |
2019-12-01 | 100 days | 2,551 sqft |
2020-01-01 | 115 days | 2,597 sqft |
2020-02-01 | 113 days | 2,605 sqft |
2020-03-01 | 82 days | 2,515 sqft |
2020-04-01 | 72 days | 2,368 sqft |
2020-05-01 | 79 days | 2,467 sqft |
2020-06-01 | 75 days | 2,497 sqft |
2020-07-01 | 58 days | 2,472 sqft |
2020-08-01 | 61 days | 2,498 sqft |
2020-09-01 | 68 days | 2,510 sqft |
2020-10-01 | 72 days | 2,556 sqft |
2020-11-01 | 80 days | 2,563 sqft |
2020-12-01 | 90 days | 2,469 sqft |
2021-01-01 | 99 days | 2,513 sqft |
2021-02-01 | 105 days | 2,340 sqft |
2021-03-01 | 69 days | 2,441 sqft |
2021-04-01 | 44 days | 2,566 sqft |
2021-05-01 | 42 days | 2,501 sqft |
2021-06-01 | 46 days | 2,499 sqft |
2021-07-01 | 39 days | 2,495 sqft |
2021-08-01 | 46 days | 2,495 sqft |
2021-09-01 | 58 days | 2,496 sqft |
2021-10-01 | 65 days | 2,560 sqft |
2021-11-01 | 91 days | 2,614 sqft |
2021-12-01 | 90 days | 2,687 sqft |
2022-01-01 | 88 days | 2,738 sqft |
2022-02-01 | 99 days | 2,813 sqft |
2022-03-01 | 44 days | 2,754 sqft |
2022-04-01 | 39 days | 2,688 sqft |
2022-05-01 | 35 days | 2,549 sqft |
2022-06-01 | 34 days | 2,481 sqft |
2022-07-01 | 33 days | 2,339 sqft |
2022-08-01 | 50 days | 2,460 sqft |
2022-09-01 | 53 days | 2,495 sqft |
2022-10-01 | 56 days | 2,388 sqft |
2022-11-01 | 64 days | 2,283 sqft |
2022-12-01 | 73 days | 2,380 sqft |
2023-01-01 | 84 days | 2,355 sqft |
2023-02-01 | 82 days | 2,328 sqft |
2023-03-01 | 71 days | 2,353 sqft |
2023-04-01 | 67 days | 2,337 sqft |
2023-05-01 | 56 days | 2,435 sqft |
2023-06-01 | 55 days | 2,564 sqft |
2023-07-01 | 47 days | 2,541 sqft |
2023-08-01 | 54 days | 2,428 sqft |
2023-09-01 | 59 days | 2,478 sqft |
2023-10-01 | 61 days | 2,399 sqft |
2023-11-01 | 68 days | 2,347 sqft |
2023-12-01 | 73 days | 2,295 sqft |
2024-01-01 | 89 days | 2,165 sqft |
2024-02-01 | 94 days | 2,187 sqft |
2024-03-01 | 84 days | 2,369 sqft |
2024-04-01 | 62 days | 2,297 sqft |
2024-05-01 | 54 days | 2,390 sqft |
2024-06-01 | 51 days | 2,277 sqft |
2024-07-01 | 52 days | 2,312 sqft |
2024-08-01 | 59 days | 2,264 sqft |
2024-09-01 | 65 days | 2,252 sqft |
Santa Fe's median square footage for active listings during the 2024-09-01 period was 2,252 sqft. One year prior, the average listing was 2,478 sqft.