Silver City VA Loan Rates, Closing Costs & Stats
Silver City, 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.
Silver City's 18 lenders originated 35 VA loans during 2024. The total origination value was $8,765,000, with an average VA loan value of $250,429.
Silver City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Silver City
averaged
0.57%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Silver City's average VA mortgage closing costs are $6,255.
The average rate for the prior week (2025-06-13) was
7.11% and
one month ago for the week of 2025-05-16, the
average rate was 6.77%.
The average rate one year ago was 6.97%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0%.
Silver City 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 Silver City level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 8 | 6.55% | $2,731 |
| GUILD MORTGAGE COMPANY | 4 | 6.34% | $11,875 |
| QUICKEN LOANS, LLC | 4 | 6.27% | $12,795 |
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 6.41% | $4,147 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.13% | $9,923 |
| FREEDOM MORTGAGE CORPORATION | 1 | 7.25% | $3,514 |
| LAKEVIEW LOAN SERVICING, LLC | 1 | 5.99% | $10,062 |
| Mr. Cooper ( Nationstar Mortgage ) | 1 | 5.25% | $2,467 |
| NEW DAY FINANCIAL, LLC | 1 | 7.49% | $8,020 |
| NEWREZ LLC | 1 | 6.25% | $2,396 |
| NOVA FINANCIAL & INVESTMENT CORPORATION | 1 | 7.25% | $4,415 |
| The Federal Savings Bank | 1 | 5.25% | $15,661 |
| TIB The Independent Bankersbank | 1 | 6.50% | $1,515 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 5.63% | $3,626 |
| USAA Federal Savings Bank | 1 | 6.25% | $4,432 |
| Barrington Bank & Trust Company, N.A. | 1 | 5.75% | $3,343 |
| Carrington Mortgage Services, LLC | 1 | 6.00% | $3,112 |
| Century Mortgage Company DBA Century Lending Company | 1 | 6.63% | $3,581 |
The top Silver City VA lender as defined by loan originations is Mortgage Research Center, LLC, with
8 VA loans originated. Their average total fees are
$2,731, which is $9,145
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Silver City VA lenders (with over 10 loans originated) are
.
The lowest rate Silver City VA lenders (with over 10 loans originated) are
.