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 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
0.56%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Taos's average VA mortgage closing costs are $7,249.
The average rate for the prior week (2024-11-22) was
6.52% and
one month ago for the week of 2024-10-25, the
average rate was 6.72%.
The average rate one year ago was 7.06%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
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. LouisDate | 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 |
Taos's median listing price comes in at 0% of the national average.
Taos's average listing price for 2024-10-01 was $848,563, a difference of $1,174 (0.1%) versus the prior year and $6,768 versus the prior month.
For the 2024-10-01 period, Taos had 223 MLS listings, a difference of -4 listings (-2%) versus the prior month and 52 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Taos (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Taos's median square footage for active listings during the 2024-10-01 period was 1,945 sqft. One year prior, the average listing was 1,999 sqft.