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 6.64% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.36% and one month ago for the week of 2025-02-28, the average rate was 6.34%.

    The average rate one year ago was 6.55%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.15%.

    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 .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Santa Fe (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 $565,000 (5.9%) $867,850 (7.5%) 2.09 723
    2018-02-01 $570,750 (8.2%) $878,575 (9.4%) 2.07 699
    2018-03-01 $560,000 (12.0%) $884,961 (12.2%) 1.96 679
    2018-04-01 $574,750 (8.6%) $911,904 (13.9%) 1.95 681
    2018-05-01 $577,000 (4.0%) $913,323 (11.7%) 1.93 727
    2018-06-01 $595,000 (6.3%) $915,994 (10.7%) 1.98 776
    2018-07-01 $597,250 (8.6%) $919,804 (12.4%) 1.99 834
    2018-08-01 $573,500 (3.4%) $894,736 (8.7%) 1.92 902
    2018-09-01 $569,000 (3.6%) $896,083 (10.2%) 1.91 883
    2018-10-01 $578,125 (5.2%) $911,330 (11.5%) 1.96 868
    2018-11-01 $575,225 (4.7%) $914,874 (10.8%) 1.95 827
    2018-12-01 $575,000 (0.0%) $897,866 (2.3%) 1.98 759
    2019-01-01 $592,000 (4.8%) $911,024 (5.0%) 2.05 657
    2019-02-01 $600,625 (5.2%) $902,943 (2.8%) 2.03 625
    2019-03-01 $577,100 (3.1%) $972,751 (9.9%) 1.89 625
    2019-04-01 $552,550 (-3.9%) $964,304 (5.8%) 1.75 649
    2019-05-01 $549,450 (-4.8%) $857,106 (-6.2%) 1.72 698
    2019-06-01 $549,000 (-7.7%) $842,546 (-8.0%) 1.72 799
    2019-07-01 $549,498 (-8.0%) $850,689 (-7.5%) 1.72 806
    2019-08-01 $571,091 (-0.4%) $860,946 (-3.8%) 1.81 794
    2019-09-01 $581,727 (2.2%) $861,902 (-3.8%) 1.86 777
    2019-10-01 $588,318 (1.8%) $862,217 (-5.4%) 1.90 749
    2019-11-01 $595,000 (3.4%) $890,405 (-2.7%) 1.95 662
    2019-12-01 $620,000 (7.8%) $913,078 (1.7%) 2.07 600
    2020-01-01 $624,950 (5.6%) $940,680 (3.3%) 2.09 517
    2020-02-01 $625,000 (4.1%) $973,831 (7.9%) 2.05 464
    2020-03-01 $616,750 (6.9%) $960,489 (-1.3%) 1.93 462
    2020-04-01 $577,379 (4.5%) $921,436 (-4.5%) 1.81 511
    2020-05-01 $598,500 (8.9%) $945,658 (10.3%) 1.82 518
    2020-06-01 $622,000 (13.3%) $942,083 (11.8%) 1.83 544
    2020-07-01 $636,000 (15.7%) $1,002,781 (17.9%) 1.84 556
    2020-08-01 $639,000 (11.9%) $1,002,355 (16.4%) 1.83 555
    2020-09-01 $675,000 (16.0%) $1,113,402 (29.2%) 1.93 508
    2020-10-01 $675,000 (14.7%) $1,145,065 (32.8%) 1.93 479
    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 $647,000 (3.5%) $1,212,265 (28.9%) 1.93 338
    2021-02-01 $612,000 (-2.1%) $1,238,303 (27.2%) 1.78 302
    2021-03-01 $636,975 (3.3%) $1,332,285 (38.7%) 1.81 264
    2021-04-01 $689,500 (19.4%) $1,385,584 (50.4%) 1.87 259
    2021-05-01 $692,000 (15.6%) $1,329,648 (40.6%) 1.84 276
    2021-06-01 $689,000 (10.8%) $1,279,045 (35.8%) 1.81 286
    2021-07-01 $675,000 (6.1%) $1,276,725 (27.3%) 1.78 347
    2021-08-01 $689,000 (7.8%) $1,274,457 (27.2%) 1.84 372
    2021-09-01 $695,500 (3.0%) $1,322,506 (18.8%) 1.85 353
    2021-10-01 $691,000 (2.4%) $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 $717,450 (10.9%) $1,598,168 (31.8%) 1.94 187
    2022-02-01 $872,998 (42.7%) $1,747,118 (41.1%) 2.27 155
    2022-03-01 $841,000 (32.0%) $1,745,104 (31.0%) 2.11 171
    2022-04-01 $797,450 (15.7%) $1,670,391 (20.6%) 1.90 175
    2022-05-01 $786,750 (13.7%) $1,529,732 (15.1%) 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%) $1,460,125 (10.4%) 1.98 383
    2022-10-01 $777,500 (12.5%) $1,423,658 (4.0%) 1.83 413
    2022-11-01 $742,500 (5.1%) $1,396,185 (-6.9%) 1.78 428
    2022-12-01 $767,615 (10.5%) $1,444,784 (-4.6%) 1.90 406
    2023-01-01 $747,750 (4.2%) $1,439,087 (-10.0%) 1.85 356
    2023-02-01 $742,225 (-15.0%) $1,452,799 (-16.9%) 1.79 341
    2023-03-01 $756,500 (-10.1%) $1,511,225 (-13.4%) 1.78 322
    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%) $1,559,768 (10.8%) 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 (-1.7%) 2.08 469
    2023-10-01 $850,000 (9.3%) $1,400,568 (-1.6%) 2.00 492
    2023-11-01 $830,000 (11.8%) $1,393,275 (-0.2%) 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 (-6.5%) 1.99 394
    2024-02-01 $799,450 (7.7%) $1,382,076 (-4.9%) 1.92 387
    2024-03-01 $845,000 (11.7%) $1,408,584 (-6.8%) 1.99 380
    2024-04-01 $826,000 (5.9%) $1,389,941 (-7.4%) 1.92 429
    2024-05-01 $870,750 (-4.0%) $1,397,605 (-10.3%) 1.98 469
    2024-06-01 $845,000 (-14.2%) $1,375,989 (-14.5%) 1.92 545
    2024-07-01 $827,500 (-14.7%) $1,323,323 (-15.2%) 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
    2024-10-01 $798,250 (-6.1%) $1,274,435 (-9.0%) 1.88 691
    2024-11-01 $795,000 (-4.2%) $1,270,855 (-8.8%) 1.91 652
    2024-12-01 $768,250 (-6.6%) $1,232,672 (-9.9%) 1.91 576
    2025-01-01 $759,027 (-6.8%) $1,213,823 (-9.8%) 1.90 520
    2025-02-01 $749,000 (-6.3%) $1,206,083 (-12.7%) 1.82 501
    2025-03-01 $722,500 (-14.5%) $1,198,929 (-14.9%) 0.00 501
    Santa Fe's median listing price for 2025-03-01 was $722,500, a difference of $-122,500 (-14.5%) versus the prior year and $-26,500 versus the prior month.

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

    Santa Fe's average listing price for 2025-03-01 was $1,198,929, a difference of $-209,655 (-14.9%) versus the prior year and $-7,154 versus the prior month.

    For the 2025-03-01 period, Santa Fe had 501 MLS listings, a difference of 0 listings (0%) versus the prior month and 121 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Santa Fe (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 127 days 2,539 sqft
    2018-02-01 116 days 2,561 sqft
    2018-03-01 92 days 2,600 sqft
    2018-04-01 67 days 2,598 sqft
    2018-05-01 58 days 2,560 sqft
    2018-06-01 57 days 2,555 sqft
    2018-07-01 58 days 2,570 sqft
    2018-08-01 62 days 2,548 sqft
    2018-09-01 72 days 2,520 sqft
    2018-10-01 80 days 2,537 sqft
    2018-11-01 90 days 2,580 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 2,478 sqft
    2019-04-01 72 days 2,459 sqft
    2019-05-01 55 days 2,344 sqft
    2019-06-01 55 days 2,350 sqft
    2019-07-01 59 days 2,381 sqft
    2019-08-01 67 days 2,446 sqft
    2019-09-01 74 days 2,468 sqft
    2019-10-01 78 days 2,493 sqft
    2019-11-01 89 days 2,500 sqft
    2019-12-01 100 days 2,534 sqft
    2020-01-01 115 days 2,595 sqft
    2020-02-01 113 days 2,602 sqft
    2020-03-01 83 days 2,501 sqft
    2020-04-01 72 days 2,368 sqft
    2020-05-01 79 days 2,458 sqft
    2020-06-01 75 days 2,495 sqft
    2020-07-01 58 days 2,455 sqft
    2020-08-01 61 days 2,485 sqft
    2020-09-01 68 days 2,499 sqft
    2020-10-01 72 days 2,531 sqft
    2020-11-01 80 days 2,529 sqft
    2020-12-01 90 days 2,431 sqft
    2021-01-01 100 days 2,477 sqft
    2021-02-01 105 days 2,327 sqft
    2021-03-01 68 days 2,429 sqft
    2021-04-01 44 days 2,550 sqft
    2021-05-01 42 days 2,501 sqft
    2021-06-01 46 days 2,497 sqft
    2021-07-01 39 days 2,493 sqft
    2021-08-01 46 days 2,495 sqft
    2021-09-01 58 days 2,495 sqft
    2021-10-01 65 days 2,540 sqft
    2021-11-01 91 days 2,622 sqft
    2021-12-01 90 days 2,686 sqft
    2022-01-01 88 days 2,756 sqft
    2022-02-01 99 days 2,766 sqft
    2022-03-01 44 days 2,744 sqft
    2022-04-01 39 days 2,681 sqft
    2022-05-01 35 days 2,550 sqft
    2022-06-01 34 days 2,495 sqft
    2022-07-01 33 days 2,342 sqft
    2022-08-01 50 days 2,462 sqft
    2022-09-01 53 days 2,495 sqft
    2022-10-01 56 days 2,384 sqft
    2022-11-01 63 days 2,283 sqft
    2022-12-01 73 days 2,380 sqft
    2023-01-01 83 days 2,348 sqft
    2023-02-01 82 days 2,326 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 2,561 sqft
    2023-07-01 47 days 2,541 sqft
    2023-08-01 54 days 2,423 sqft
    2023-09-01 59 days 2,471 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 2,167 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 2,381 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
    2024-10-01 70 days 2,269 sqft
    2024-11-01 81 days 2,209 sqft
    2024-12-01 93 days 2,142 sqft
    2025-01-01 98 days 2,103 sqft
    2025-02-01 91 days 2,103 sqft
    2025-03-01 0 days 2,051 sqft
    Santa Fe's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Santa Fe's median square footage for active listings during the 2025-03-01 period was 2,051 sqft. One year prior, the average listing was 2,369 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.