Santa Fe VA Loan Rates, Closing Costs & Stats

SANTA FE, 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.

    Santa Fe's 51 lenders originated 177 VA loans during 2024. The total origination value was $82,865,000, with an average VA loan value of $468,164.

    Santa Fe VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Santa Fe averaged 0.58% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Santa Fe's average VA mortgage closing costs are $8,129.

    The average rate for the prior week (2025-06-13) was 6.83% and one month ago for the week of 2025-05-16, the average rate was 6.59%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.29%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 25 6.27% $8,947
    UNITED WHOLESALE MORTGAGE, LLC 20 5.97% $8,438
    FREEDOM MORTGAGE CORPORATION 13 6.21% $11,737
    NAVY FEDERAL CREDIT UNION 11 5.86% $9,717
    PULTE MORTGAGE LLC 8 5.44% $10,982
    Waterstone Mortgage Corporation 6 6.42% $10,376
    VILLAGE CAPITAL MORTGAGE 6 5.60% $9,352
    USAA Federal Savings Bank 6 5.77% $15,253
    QUICKEN LOANS, LLC 6 5.89% $8,397
    LAKEVIEW LOAN SERVICING, LLC 4 5.62% $12,278
    DHI MORTGAGE COMPANY, LTD. 4 4.75% $8,296
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.91% $9,275
    DIRECTORS MORTGAGE, INC. 3 6.91% $8,886
    The Federal Savings Bank 3 6.29% $15,005
    Nations Lending Corporation 3 6.38% $21,286
    NUSENDA 3 6.33% $11,233
    BOKF 3 6.58% $11,283
    GUILD MORTGAGE COMPANY 3 6.17% $11,734
    Sunflower Bank 3 6.16% $6,452
    LOANDEPOT.COM, LLC 2 6.31% $9,748
    Bell Bank 2 6.38% $951
    GUARANTEED RATE, INC. 2 6.25% $3,549
    Mr. Cooper ( Nationstar Mortgage ) 2 6.00% $11,384
    PENNYMAC LOAN SERVICES, LLC 2 4.94% $8,457
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.25% $17,323
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.38% $23,524
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $6,157
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $16,454
    NEW DAY FINANCIAL, LLC 1 7.75% $22,712
    NEWREZ LLC 1 6.25% $3,274
    North American Savings Bank, F.S.B. 1 6.25% $3,586
    Goldwater Bank, N.A. 1 7.25% $11,761
    Armed Forces Bank 1 6.25% $3,809
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $1,335
    Plains Commerce Bank 1 6.25% $5,533
    PREMIA MORTGAGE, LLC 1 6.00% $9,569
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.75% $6,514
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $12,401
    Gateway First Bank 1 6.63% $18,302
    Equity Prime Mortgage LLC 1 6.75% $5,442
    Sierra Pacific Mortgage Company, Inc. 1 5.75% $6,964
    SUMMIT FUNDING, INC. 1 6.25% $3,541
    ENVOY MORTGAGE, LTD 1 5.75% $8,264
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $3,332
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $18,621
    UNION HOME MORTGAGE CORP. 1 6.50% $6,911
    UNION SQUARE 1 6.25% $24,770
    Century Mortgage Company DBA Century Lending Company 1 6.13% $6,190
    CARDINAL FINANCIAL 1 5.50% $18,857
    MOUNTAIN AMERICA 1 5.25% $5,293
    MOVEMENT MORTGAGE, LLC 1 5.75% $9,378

    The top Santa Fe VA lender as defined by loan originations is Mortgage Research Center, LLC, with 25 VA loans originated. Their average total fees are $8,947, which is $508 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Santa Fe VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($8,438), Mortgage Research Center, LLC ($8,947), NAVY FEDERAL CREDIT UNION ($9,717), FREEDOM MORTGAGE CORPORATION ($11,737) and .

    The lowest rate Santa Fe VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.86%), UNITED WHOLESALE MORTGAGE, LLC (5.97%), FREEDOM MORTGAGE CORPORATION (6.21%), Mortgage Research Center, LLC (6.27%) and .

    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.