Taos VA Loan Rates, Closing Costs & Stats

Taos, 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.

Taos's 19 lenders originated 29 VA loans during 2022. The total origination value was $10,015,000, with an average VA loan value of $345,345.

Taos VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Taos averaged -0.56% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Taos's average VA mortgage closing costs are $7,077.

The average rate for the prior week (2024-02-16) was 6.12% and one month ago for the week of 2024-01-19, the average rate was 5.97%.

The average rate one year ago was 5.99%.

For refis of the same type during the week of 2024-02-23, the average rate was -0.1%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 3 5.04% $14,590
NAVY FEDERAL CREDIT UNION 3 2.92% $10,332
QUICKEN LOANS, LLC 3 4.54% $13,154
FINANCE OF AMERICA MORTGAGE LLC 2 5.44% $8,102
Flagstar Bank, FSB 1 3.13% $8,758
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.13% $25,569
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.75% $13,350
NBH Bank 1 4.75% $12,787
Northpointe Bank 1 4.25% $5,193
PENTAGON FEDERAL CREDIT UNION 1 2.25% $2,802
RELIANCE FIRST CAPITAL, LLC 1 2.50% $12,318
The Federal Savings Bank 1 5.38% $27,869
UNION HOME MORTGAGE CORP. 1 5.50% $6,197
USAA Federal Savings Bank 1 5.25% $8,250
AMERISAVE MORTGAGE CORPORATION 1 5.13% $16,002
Waterstone Mortgage Corporation 1 5.13% $12,559
Bank of America 1 2.63% $9,150
CARDINAL FINANCIAL 1 2.63% $5,581
FIRST COMMUNITY MORTGAGE, INC. 1 3.63% $3,455

The top Taos VA lender as defined by loan originations is Mortgage Research Center, LLC, with 3 VA loans originated. Their average total fees are $14,590, which is $4,258 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

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
Taos's median listing price for 2023-12-01 was $649,000, a difference of $69,500 (12.0%) versus the prior year and $7,750 versus the prior month.

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

Taos's average listing price for 2023-12-01 was $915,799, a difference of $157,410 (20.8%) versus the prior year and $19,006 versus the prior month.

For the 2023-12-01 period, Taos had 149 MLS listings, a difference of -7 listings (-4%) versus the prior month and -15 listings (-9%) 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
Taos's median listing age (time on market) for 2023-12-01 was 0 days.

Taos's median square footage for active listings during the 2023-12-01 period was 2,000 sqft. One year prior, the average listing was 1,945 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.