Taos VA Loan Rates, Closing Costs & Stats

Taos, 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.

    Taos's 8 lenders originated 8 VA loans during 2023. The total origination value was $3,270,000, with an average VA loan value of $408,750.

    Taos VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Taos averaged 6.23% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Taos's average VA mortgage closing costs are $7,249.

    The average rate for the prior week (2024-12-06) was 6.47% and one month ago for the week of 2024-11-08, the average rate was 6.66%.

    The average rate one year ago was 7.11%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

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

    Taos 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 Taos level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $25,525
    Century Mortgage Company DBA Century Lending Company 1 6.75% $4,083
    DIRECTORS MORTGAGE, INC. 1 7.75% $6,452
    FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $15,157
    Mortgage Research Center, LLC 1 6.50% $21,966
    QUICKEN LOANS, LLC 1 5.99% $4,484
    UNITED WHOLESALE MORTGAGE, LLC 1 5.25% $1,076
    Waterstone Mortgage Corporation 1 6.63% $6,556

    The top Taos VA lender as defined by loan originations is AMERISAVE MORTGAGE CORPORATION, with 1 VA loans originated. Their average total fees are $25,525, which is $21,441 higher than the next largest lender, Century Mortgage Company DBA Century Lending Company.

    The lowest fee Taos VA lenders (with over 10 loans originated) are .

    The lowest rate Taos VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Taos (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 $383,375 (10.6%) $571,040 (14.1%) 0.00 291
    2018-02-01 $382,000 (10.1%) $649,263 (30.6%) 0.00 281
    2018-03-01 $375,000 (10.9%) $634,762 (29.5%) 0.00 290
    2018-04-01 $367,200 (11.5%) $630,509 (31.6%) 0.00 306
    2018-05-01 $377,250 (11.3%) $569,737 (21.2%) 0.00 330
    2018-06-01 $397,000 (15.1%) $574,266 (21.2%) 0.00 363
    2018-07-01 $399,000 (14.0%) $576,594 (23.4%) 0.00 393
    2018-08-01 $393,500 (12.4%) $565,128 (23.2%) 0.00 417
    2018-09-01 $385,000 (10.2%) $577,878 (26.2%) 0.00 424
    2018-10-01 $389,750 (11.5%) $578,033 (22.5%) 0.00 398
    2018-11-01 $397,500 (10.7%) $617,788 (22.1%) 0.00 368
    2018-12-01 $398,000 (9.3%) $660,618 (30.4%) 0.00 344
    2019-01-01 $394,225 (2.8%) $684,545 (19.9%) 0.00 314
    2019-02-01 $389,750 (2.0%) $577,865 (-11.0%) 0.00 309
    2019-03-01 $385,286 (2.7%) $560,667 (-11.7%) 0.00 310
    2019-04-01 $379,000 (3.2%) $537,015 (-14.8%) 0.00 314
    2019-05-01 $376,000 (-0.3%) $512,945 (-10.0%) 0.00 347
    2019-06-01 $379,000 (-4.5%) $518,336 (-9.7%) 0.00 369
    2019-07-01 $377,000 (-5.5%) $529,817 (-8.1%) 0.00 390
    2019-08-01 $375,682 (-4.5%) $532,198 (-5.8%) 0.00 395
    2019-09-01 $376,705 (-2.2%) $538,161 (-6.9%) 0.00 397
    2019-10-01 $387,750 (-0.5%) $547,060 (-5.4%) 0.00 393
    2019-11-01 $399,000 (0.4%) $575,331 (-6.9%) 0.00 349
    2019-12-01 $399,000 (0.3%) $570,499 (-13.6%) 0.00 334
    2020-01-01 $409,725 (3.9%) $591,052 (-13.7%) 0.00 280
    2020-02-01 $399,000 (2.4%) $588,395 (1.8%) 0.00 281
    2020-03-01 $399,500 (3.7%) $593,525 (5.9%) 0.00 275
    2020-04-01 $399,000 (5.3%) $582,835 (8.5%) 0.00 265
    2020-05-01 $404,950 (7.7%) $578,311 (12.7%) 0.00 265
    2020-06-01 $425,000 (12.1%) $579,654 (11.8%) 0.00 262
    2020-07-01 $427,000 (13.3%) $589,766 (11.3%) 0.00 260
    2020-08-01 $446,000 (18.7%) $639,941 (20.3%) 0.00 228
    2020-09-01 $485,000 (28.8%) $674,300 (25.3%) 0.00 209
    2020-10-01 $495,000 (27.7%) $724,426 (32.4%) 0.00 205
    2020-11-01 $496,000 (24.3%) $711,387 (23.7%) 0.00 167
    2020-12-01 $477,000 (19.6%) $681,581 (19.5%) 0.00 157
    2021-01-01 $442,450 (8.0%) $699,586 (18.4%) 0.00 135
    2021-02-01 $458,225 (14.8%) $728,735 (23.9%) 0.00 113
    2021-03-01 $489,500 (22.5%) $774,752 (30.5%) 0.00 106
    2021-04-01 $495,750 (24.3%) $797,966 (36.9%) 0.00 117
    2021-05-01 $459,000 (13.4%) $747,145 (29.2%) 0.00 120
    2021-06-01 $448,000 (5.4%) $718,114 (23.9%) 0.00 147
    2021-07-01 $462,500 (8.3%) $704,182 (19.4%) 0.00 164
    2021-08-01 $465,725 (4.4%) $714,656 (11.7%) 0.00 164
    2021-09-01 $449,000 (-7.4%) $713,376 (5.8%) 0.00 147
    2021-10-01 $493,500 (-0.3%) $807,810 (11.5%) 0.00 138
    2021-11-01 $478,500 (-3.5%) $791,943 (11.3%) 0.00 117
    2021-12-01 $492,000 (3.1%) $781,432 (14.7%) 0.00 111
    2022-01-01 $479,000 (8.3%) $780,874 (11.6%) 0.00 99
    2022-02-01 $512,000 (11.7%) $815,336 (11.9%) 0.00 83
    2022-03-01 $478,500 (-2.3%) $772,132 (-0.3%) 0.00 91
    2022-04-01 $496,500 (0.2%) $801,824 (0.5%) 0.00 90
    2022-05-01 $572,000 (24.6%) $812,921 (8.8%) 0.00 98
    2022-06-01 $582,750 (30.1%) $794,220 (10.6%) 0.00 115
    2022-07-01 $609,000 (31.7%) $849,758 (20.7%) 0.00 139
    2022-08-01 $602,250 (29.3%) $842,894 (17.9%) 0.00 158
    2022-09-01 $562,250 (25.2%) $802,627 (12.5%) 0.00 163
    2022-10-01 $580,000 (17.5%) $758,542 (-6.1%) 0.00 162
    2022-11-01 $546,500 (14.2%) $727,804 (-8.1%) 0.00 172
    2022-12-01 $579,500 (17.8%) $758,389 (-3.0%) 0.00 164
    2023-01-01 $569,000 (18.8%) $750,780 (-3.9%) 0.00 149
    2023-02-01 $568,500 (11.0%) $735,139 (-9.8%) 0.00 140
    2023-03-01 $568,500 (18.8%) $751,941 (-2.6%) 0.00 130
    2023-04-01 $565,750 (14.0%) $730,887 (-8.9%) 0.00 139
    2023-05-01 $553,000 (-3.3%) $719,682 (-11.5%) 0.00 136
    2023-06-01 $593,750 (1.9%) $732,308 (-7.8%) 0.00 157
    2023-07-01 $577,000 (-5.3%) $726,875 (-14.5%) 0.00 171
    2023-08-01 $617,500 (2.5%) $802,919 (-4.7%) 0.00 166
    2023-09-01 $619,000 (10.1%) $806,365 (0.5%) 0.00 166
    2023-10-01 $625,000 (7.8%) $847,389 (11.7%) 0.00 171
    2023-11-01 $641,250 (17.3%) $896,793 (23.2%) 0.00 156
    2023-12-01 $649,000 (12.0%) $915,799 (20.8%) 0.00 149
    2024-01-01 $647,000 (13.7%) $918,187 (22.3%) 0.00 149
    2024-02-01 $629,750 (10.8%) $1,075,151 (46.3%) 0.00 155
    2024-03-01 $649,500 (14.3%) $1,082,512 (44.0%) 0.00 159
    2024-04-01 $662,375 (17.1%) $899,813 (23.1%) 0.00 167
    2024-05-01 $658,625 (19.1%) $871,619 (21.1%) 0.00 187
    2024-06-01 $649,000 (9.3%) $869,947 (18.8%) 0.00 200
    2024-07-01 $642,000 (11.3%) $848,585 (16.7%) 0.00 212
    2024-08-01 $630,000 (2.0%) $852,109 (6.1%) 0.00 221
    2024-09-01 $610,000 (-1.5%) $841,795 (4.4%) 0.00 227
    2024-10-01 $620,750 (-0.7%) $848,563 (0.1%) 0.00 223
    2024-11-01 $600,000 (-6.4%) $798,736 (-10.9%) 0.00 213
    Taos's median listing price for 2024-11-01 was $600,000, a difference of $-41,250 (-6.4%) versus the prior year and $-20,750 versus the prior month.

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

    Taos's average listing price for 2024-11-01 was $798,736, a difference of $-98,057 (-10.9%) versus the prior year and $-49,827 versus the prior month.

    For the 2024-11-01 period, Taos had 213 MLS listings, a difference of -10 listings (-4%) versus the prior month and 57 listings (37%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Taos (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,900 sqft
    2018-02-01 0 days 1,900 sqft
    2018-03-01 0 days 1,848 sqft
    2018-04-01 0 days 1,800 sqft
    2018-05-01 0 days 1,864 sqft
    2018-06-01 0 days 1,892 sqft
    2018-07-01 0 days 1,895 sqft
    2018-08-01 0 days 1,809 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 1,800 sqft
    2018-11-01 0 days 1,800 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,800 sqft
    2019-02-01 0 days 1,800 sqft
    2019-03-01 0 days 1,800 sqft
    2019-04-01 0 days 1,800 sqft
    2019-05-01 0 days 1,800 sqft
    2019-06-01 0 days 1,832 sqft
    2019-07-01 0 days 1,842 sqft
    2019-08-01 0 days 1,823 sqft
    2019-09-01 0 days 1,833 sqft
    2019-10-01 0 days 1,853 sqft
    2019-11-01 0 days 1,866 sqft
    2019-12-01 0 days 1,863 sqft
    2020-01-01 0 days 1,886 sqft
    2020-02-01 0 days 1,880 sqft
    2020-03-01 0 days 1,862 sqft
    2020-04-01 0 days 1,812 sqft
    2020-05-01 0 days 1,857 sqft
    2020-06-01 0 days 1,824 sqft
    2020-07-01 0 days 1,908 sqft
    2020-08-01 0 days 1,979 sqft
    2020-09-01 0 days 2,000 sqft
    2020-10-01 0 days 2,142 sqft
    2020-11-01 0 days 2,152 sqft
    2020-12-01 0 days 1,990 sqft
    2021-01-01 0 days 1,896 sqft
    2021-02-01 0 days 2,019 sqft
    2021-03-01 0 days 1,955 sqft
    2021-04-01 0 days 1,881 sqft
    2021-05-01 0 days 1,777 sqft
    2021-06-01 0 days 1,877 sqft
    2021-07-01 0 days 1,876 sqft
    2021-08-01 0 days 1,818 sqft
    2021-09-01 0 days 1,864 sqft
    2021-10-01 0 days 1,897 sqft
    2021-11-01 0 days 1,860 sqft
    2021-12-01 0 days 1,912 sqft
    2022-01-01 0 days 1,869 sqft
    2022-02-01 0 days 1,888 sqft
    2022-03-01 0 days 1,880 sqft
    2022-04-01 0 days 1,878 sqft
    2022-05-01 0 days 1,933 sqft
    2022-06-01 0 days 1,800 sqft
    2022-07-01 0 days 1,966 sqft
    2022-08-01 0 days 1,959 sqft
    2022-09-01 0 days 1,899 sqft
    2022-10-01 0 days 1,881 sqft
    2022-11-01 0 days 1,810 sqft
    2022-12-01 0 days 1,945 sqft
    2023-01-01 0 days 1,927 sqft
    2023-02-01 0 days 1,943 sqft
    2023-03-01 0 days 1,953 sqft
    2023-04-01 0 days 1,997 sqft
    2023-05-01 0 days 1,941 sqft
    2023-06-01 0 days 2,000 sqft
    2023-07-01 0 days 1,918 sqft
    2023-08-01 0 days 1,933 sqft
    2023-09-01 0 days 1,945 sqft
    2023-10-01 0 days 1,999 sqft
    2023-11-01 0 days 2,000 sqft
    2023-12-01 0 days 2,000 sqft
    2024-01-01 0 days 2,040 sqft
    2024-02-01 0 days 1,997 sqft
    2024-03-01 0 days 2,000 sqft
    2024-04-01 0 days 2,000 sqft
    2024-05-01 0 days 1,923 sqft
    2024-06-01 0 days 1,917 sqft
    2024-07-01 0 days 1,906 sqft
    2024-08-01 0 days 1,977 sqft
    2024-09-01 0 days 1,938 sqft
    2024-10-01 0 days 1,945 sqft
    2024-11-01 0 days 1,944 sqft
    Taos's median listing age (time on market) for 2024-11-01 was 0 days.

    Taos's median square footage for active listings during the 2024-11-01 period was 1,944 sqft. One year prior, the average listing was 2,000 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.