Rocky Mountain Mortgage Company Rates, Fees & Info

El Paso, TX

LEI: 549300CEKZ808Q0WJL95

Tax ID: 74-2389400

5 stars - Updated: 4/17/25 - out of 5 stars, based on 23 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Rocky Mountain Mortgage Company is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Rocky Mountain Mortgage Company has an average proportion of conventional loans. Their top two markets are El Paso and Las Cruces .

Rocky Mountain Mortgage Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Rocky Mountain Mortgage Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.80% 4/17/25
30 Year Conventional Refi 6.72% 4/17/25
30 Year Cash-out Refi 6.72% 4/17/25
30 Year FHA Purchase 6.59% 4/17/25
30 Year FHA Refi 7.33% 4/17/25
30 Year VA Purchase 5.97% 4/17/25
30 Year VA Refi 6.72% 4/17/25
15 Year Conventional Purchase 5.64% 4/17/25
15 Year VA Purchase 5.65% 4/17/25
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Rocky Mountain Mortgage Company Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Rocky Mountain Mortgage Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

524

Origination Dollar Volume (All Markets)

$158,620,000
Show all (12) awards

Relative Rate

Rocky Mountain Mortgage Company's average 30 year fixed mortgage rate was 5.92%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of -0.63%.

Relative Fees (Closing Costs)

Rocky Mountain Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $6,110.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
EL PASO, TX (FHA|USDA|VA) 445 $131,375,000 $295,225 $6,055 5.96%
LAS CRUCES, NM (FHA|USDA|VA) 73 $25,665,000 $351,575 $6,214 5.71%
Outside of Metro Areas 6 $1,580,000 $263,333 $5,807 5.77%
Rocky Mountain Mortgage Company's top markets include El Paso and Las Cruces among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Rocky Mountain Mortgage Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NUSENDA
    Similarity Rank: 154
    Rocky Mountain Mortgage Company
    Similarity Rank: 156
    EL PASO AREA TEACHERS
    Similarity Rank: 168
    FirstLight Federal Credit Union
    Similarity Rank: 200
    First American Bank
    Similarity Rank: 234
    PATRIOT MORTGAGE COMPANY
    Similarity Rank: 260
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 447
    SUN AMERICAN MORTGAGE COMPANY
    Similarity Rank: 504
    Citizens Bank of Las Cruces
    Similarity Rank: 517
    GECU
    Similarity Rank: 1008

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 263 $78,295,000 $297,700 $6,905 5.86%
    VA 204 $65,660,000 $321,863 $5,700 5.80%
    Conventional 57 $14,665,000 $257,281 $3,321 6.60%

    For 2024, Rocky Mountain Mortgage Company's most frequently originated type of loan was FHA, with 263 originations. Their 2nd most popular type was VA, with 204 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 523 $158,505,000 $303,069 $6,070 5.92%
    Refi 1 $115,000 $115,000 $7,860 6.63%

    For 2024, Rocky Mountain Mortgage Company's most frequently cited loan purpose was Home Purchase, with 523 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 520 $158,070,000 $303,981 $6,110 5.92%
    15 Year 4 $550,000 $137,500 $1,390 5.81%

    For 2024, Rocky Mountain Mortgage Company's most frequently cited loan duration was 30 Year, with 520 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 126 $36,830,000 $292,302
    $1k-2k 42 $12,910,000 $307,381
    $5k+ 33 $10,235,000 $310,152
    $3k-4k 27 $7,385,000 $273,519
    $2k-3k 22 $6,670,000 $303,182
    $4k-5k 17 $4,285,000 $252,059

    Rocky Mountain Mortgage Company's average total fees were $6,110, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 126 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 242 $75,560,000 $312,231
    6-7% 195 $56,865,000 $291,615
    4-5% 63 $19,485,000 $309,286
    7-8% 21 $6,285,000 $299,286
    Over 8% 3 $425,000 $141,667

    During 2024, Rocky Mountain Mortgage Company's average interest rate for loans was 5.92%, while their most frequently originated rate bucket for loans was 5-6%, with 242 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 428 $126,500,000 $295,561 $6,090 5.89%
    $400k-600k 56 $24,780,000 $442,500 $7,148 5.83%
    $100k-200k 33 $5,015,000 $151,970 $4,844 6.45%
    $100,000 or less 4 $330,000 $82,500 $2,779 5.66%
    $600k-1MM 3 $1,995,000 $665,000 $829 6.79%

    2024 saw Rocky Mountain Mortgage Company place emphasis on $200k-400k loans with 428 originations, totaling $126,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 193 $60,265,000 $312,254 $6,229 5.98%
    $75k-100k 142 $41,350,000 $291,197 $5,943 5.86%
    $50k-75k 86 $21,880,000 $254,419 $6,133 5.75%
    $150k-250k 82 $29,340,000 $357,805 $6,252 6.02%
    $50k or less 13 $1,975,000 $151,923 $4,112 6.11%
    $250k+ 8 $3,810,000 $476,250 $5,484 6.08%

    Rocky Mountain Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 193 originations. The second most popular income band? $75k-100k, with 142 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 169 $53,325,000 $315,533 $6,700 5.87%
    30-36% 63 $19,255,000 $305,635 $6,148 5.95%
    48% 28 $8,760,000 $312,857 $6,344 5.77%
    47% 26 $7,510,000 $288,846 $6,099 5.94%
    20-30% 25 $6,525,000 $261,000 $5,467 5.95%
    45% 22 $6,590,000 $299,545 $5,462 5.71%
    49% 21 $6,325,000 $301,190 $5,455 5.98%
    36% 18 $5,280,000 $293,333 $5,719 6.14%
    42% 18 $5,630,000 $312,778 $5,480 6.01%
    46% 18 $4,940,000 $274,444 $5,631 6.02%
    44% 17 $5,135,000 $302,059 $7,200 5.76%
    41% 17 $4,445,000 $261,471 $4,981 6.12%
    40% 17 $5,095,000 $299,706 $3,650 5.92%
    39% 14 $3,820,000 $272,857 $5,292 5.97%
    38% 12 $3,750,000 $312,500 $6,689 6.02%
    43% 12 $3,120,000 $260,000 $5,011 6.10%
    >60% 11 $3,515,000 $319,545 $6,606 6.04%
    37% 9 $3,155,000 $350,556 $6,653 5.67%
    <20% 5 $1,865,000 $373,000 $5,377 6.05%

    Rocky Mountain Mortgage Company lent most frequently to those with DTI ratios of 50-60%, with 169 originations. The next most common DTI ratio? 30-36%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 368 $111,190,000 $302,147 $6,080 5.93%
    Not provided 88 $26,170,000 $297,386 $6,174 5.93%
    Black 45 $14,445,000 $321,000 $5,987 5.90%
    Asian 17 $5,035,000 $296,176 $6,339 5.80%
    American Indian 3 $865,000 $288,333 $2,117 5.83%
    Native Hawaiian or Islander 2 $650,000 $325,000 $6,151 5.75%
    Other Asian 1 $265,000 $265,000 $6,379 5.75%

    Approval Rates

    Total approvals of all applications
    83.70%

    Rocky Mountain Mortgage Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    45.23%

    Rocky Mountain Mortgage Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 524 $158,620,000 $302,710

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    524 $158,620,000 $302,710

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $400,000 $100,000 $1,474 6.13%
    40-60% 17 $2,675,000 $157,353 $3,313 6.54%
    60-80% 15 $3,785,000 $252,333 $4,520 6.48%
    80-100% 398 $123,620,000 $310,603 $5,496 5.90%
    Over 100% 89 $28,075,000 $315,449 $9,576 5.76%
    Under 20% 1 $65,000 $65,000 $500 7.00%