LAS CRUCES Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Las Cruces averaged
6.68%
for the week of 2024-11-14, compared to the national average of
6.78% for the same period.
The average rate for the prior week (2024-11-07) was
6.99% and
one month ago for the week of 2024-10-10, the
average rate was 6.22%.
Las Cruces's average rate one year ago was 7.5%.
For refis of the same type during the week of 2024-11-14, the average rate
was 7.18%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-14 | 6.78% |
| Las Cruces 30 Year Fixed Rate | 2024-11-14 | 6.68% |
| Las Cruces 30 Year Fixed Rate Refi | 2024-11-14 | 7.18% |
| Las Cruces 15 Year Fixed Rate | 2024-11-14 | 6.31% |
| Las Cruces 15 Year Fixed Rate Refi | 2024-11-14 | 5.99% |
| Las Cruces 30 Year FHA | 2024-11-14 | -0.34% |
| Las Cruces 30 Year FHA Refi | 2024-11-14 | 0.2% |
| Las Cruces 30 Year USDA | 2024-11-14 | -0.2% |
| Las Cruces 30 Year USDA Refi | 2024-11-14 | -0.1% |
| Las Cruces 30 Year VA | 2024-11-14 | -0.08% |
| Las Cruces 30 Year VA Refi | 2024-11-14 | -0.2% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LAS CRUCES, NM.
LAS CRUCES Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the LAS CRUCES, NM market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
LAS CRUCES Average Closing Costs & Other Stats
LAS CRUCES, NM's 133 lenders originated 3,253
loans during 2023. The total origination value was $758,285,000, with an average loan value of
$233,103.
LAS CRUCES's average closing costs are $5,545.
The top LAS CRUCES lender as defined by loan originations is Citizens Bank of Las Cruces, with
177 loans originated. Their average total fees are
$4,707, which is $3,854
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee LAS CRUCES lenders (with over 10 loans originated) are
FirstLight Federal Credit Union ($2,704), NAVY FEDERAL CREDIT UNION ($3,095), SUN AMERICAN MORTGAGE COMPANY ($3,815), Gateway First Bank ($3,895) and NUSENDA ($4,056).
The lowest rate LAS CRUCES lenders (with over 10 loans originated) are
NUSENDA (5.80%), Bank of America (6.34%), White Sands Federal Credit Union (6.41%), NAVY FEDERAL CREDIT UNION (6.44%) and First American Bank (6.50%).
LAS CRUCES, NM Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Citizens Bank of Las Cruces | $135,970,000 | $81,745,000 | -39.9% | 10.8% |
| QUICKEN LOANS, LLC | $84,410,000 | $55,455,000 | -34.3% | 7.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $20,575,000 | $50,640,000 | 146.1% | 6.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $17,990,000 | $40,730,000 | 126.4% | 5.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $34,640,000 | $26,570,000 | -23.3% | 3.5% |
| Waterstone Mortgage Corporation | $27,430,000 | $25,895,000 | -5.6% | 3.4% |
| Mortgage Research Center, LLC | $28,520,000 | $18,940,000 | -33.6% | 2.5% |
| ACADEMY MORTGAGE CORPORATION | $2,165,000 | $18,920,000 | 773.9% | 2.5% |
| Rocky Mountain Mortgage Company | $6,010,000 | $17,205,000 | 186.3% | 2.3% |
| GUILD MORTGAGE COMPANY | $16,380,000 | $15,205,000 | -7.2% | 2.0% |
| NAVY FEDERAL CREDIT UNION | $16,795,000 | $14,175,000 | -15.6% | 1.9% |
| First New Mexico Bank, Las Cruces | $24,525,000 | $12,960,000 | -47.2% | 1.7% |
| First American Bank | $115,000 | $12,710,000 | 10,952.2% | 1.7% |
| MANN FINANCIAL INC. | $33,550,000 | $12,310,000 | -63.3% | 1.6% |
| Wells Fargo Bank | $24,005,000 | $10,990,000 | -54.2% | 1.4% |
| ORIX REAL ESTATE CAPITAL, LLC | $10,415,000 | n/a | 1.4% | |
| 21ST MORTGAGE CORPORATION | $7,650,000 | $10,315,000 | 34.8% | 1.4% |
| NUSENDA | $4,415,000 | $9,740,000 | 120.6% | 1.3% |
| Gateway First Bank | $24,500,000 | $9,505,000 | -61.2% | 1.3% |
| AMCAP MORTGAGE, LTD. | $10,005,000 | $8,695,000 | -13.1% | 1.1% |
| U.S. Bank | $12,470,000 | $8,620,000 | -30.9% | 1.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $33,490,000 | $7,925,000 | -76.3% | 1.0% |
| FirstLight Federal Credit Union | $12,065,000 | $7,885,000 | -34.6% | 1.0% |
| Commerce Home Mortgage, Inc. | $8,790,000 | $7,585,000 | -13.7% | 1.0% |
| LOANDEPOT.COM, LLC | $23,640,000 | $7,380,000 | -68.8% | 1.0% |
| SUN AMERICAN MORTGAGE COMPANY | $13,245,000 | $7,265,000 | -45.1% | 1.0% |
| CARDINAL FINANCIAL | $8,440,000 | $7,155,000 | -15.2% | 0.9% |
| White Sands Federal Credit Union | $1,630,000 | $7,080,000 | 334.4% | 0.9% |
| GECU | $8,210,000 | $6,880,000 | -16.2% | 0.9% |
| USAA Federal Savings Bank | $16,440,000 | $6,260,000 | -61.9% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $11,215,000 | $5,800,000 | -48.3% | 0.8% |
| BROKER SOLUTIONS, INC. | $32,960,000 | $5,700,000 | -82.7% | 0.8% |
| JPMorgan Chase Bank | $8,305,000 | $5,315,000 | -36.0% | 0.7% |
| Bank of America | $8,250,000 | $5,310,000 | -35.6% | 0.7% |
| Flagstar Bank, FSB | $4,055,000 | $5,065,000 | 24.9% | 0.7% |
| CMG MORTGAGE, INC. | $3,740,000 | $4,910,000 | 31.3% | 0.6% |
| UNION HOME MORTGAGE CORP. | $3,535,000 | $4,910,000 | 38.9% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $14,075,000 | $4,835,000 | -65.6% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $9,300,000 | $4,580,000 | -50.8% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $7,210,000 | $4,570,000 | -36.6% | 0.6% |
| Plains Commerce Bank | $930,000 | $4,455,000 | 379.0% | 0.6% |
| GUARANTEED RATE, INC. | $5,060,000 | $4,390,000 | -13.2% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,420,000 | $4,170,000 | 193.7% | 0.5% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,530,000 | $4,135,000 | 170.3% | 0.5% |
| PNC Bank | $3,770,000 | $4,025,000 | 6.8% | 0.5% |
| NEWREZ LLC | $4,955,000 | $3,970,000 | -19.9% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,365,000 | $3,845,000 | 62.6% | 0.5% |
| The Federal Savings Bank | $2,265,000 | $3,825,000 | 68.9% | 0.5% |
| MID AMERICA MORTGAGE, INC. | $2,220,000 | $3,705,000 | 66.9% | 0.5% |
| Arbor Realty Trust, Inc. | $3,605,000 | n/a | 0.5% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,495,000 | $3,405,000 | -59.9% | 0.4% |
| BOKF | $4,145,000 | $3,320,000 | -19.9% | 0.4% |
| WILLOW BEND MORTGAGE COMPANY, LLC | $3,135,000 | n/a | 0.4% | |
| CORNERSTONE HOME LENDING, INC. | $4,000,000 | $3,015,000 | -24.6% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $3,615,000 | $2,945,000 | -18.5% | 0.4% |
| Discover Bank | $1,670,000 | $2,740,000 | 64.1% | 0.4% |
| Sunflower Bank | $5,615,000 | $2,455,000 | -56.3% | 0.3% |
| BMO Harris Bank | $795,000 | $2,450,000 | 208.2% | 0.3% |
| LENDSURE MORTGAGE CORP. | $580,000 | $2,370,000 | 308.6% | 0.3% |
| Carrington Mortgage Services, LLC | $1,900,000 | $2,300,000 | 21.1% | 0.3% |
| LOANPAL, LLC | $5,790,000 | $2,290,000 | -60.4% | 0.3% |
| Washington Federal Bank | $11,700,000 | $2,260,000 | -80.7% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $2,660,000 | $2,160,000 | -18.8% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,670,000 | $2,110,000 | -42.5% | 0.3% |
| CADENCE LENDING GROUP, INC. | $3,295,000 | $2,095,000 | -36.4% | 0.3% |
| NexBank | $2,020,000 | n/a | 0.3% | |
| Pioneer Bank | $1,490,000 | $1,905,000 | 27.9% | 0.3% |
| DIRECTIONS EQUITY, LLC | $1,890,000 | n/a | 0.2% | |
| Nations Lending Corporation | $1,190,000 | $1,850,000 | 55.5% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $460,000 | $1,830,000 | 297.8% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,215,000 | $1,800,000 | -18.7% | 0.2% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $2,975,000 | $1,785,000 | -40.0% | 0.2% |
| BNC National Bank | $275,000 | $1,620,000 | 489.1% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $1,600,000 | n/a | 0.2% | |
| Vantage Bank Texas | $245,000 | $1,555,000 | 534.7% | 0.2% |
| OCMBC, INC. | $1,545,000 | n/a | 0.2% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $3,050,000 | $1,530,000 | -49.8% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $335,000 | $1,525,000 | 355.2% | 0.2% |
| V.I.P. MORTGAGE, INC. | $195,000 | $1,440,000 | 638.5% | 0.2% |
| BETTER MORTGAGE CORPORATION | $5,805,000 | $1,410,000 | -75.7% | 0.2% |
| MICHIGAN MUTUAL, INC. | $1,370,000 | n/a | 0.2% | |
| Armed Forces Bank | $1,455,000 | $1,315,000 | -9.6% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $1,090,000 | $1,280,000 | 17.4% | 0.2% |
| Figure Lending LLC | $1,055,000 | $1,250,000 | 18.5% | 0.2% |
| MORTGAGEONE, INC. | $455,000 | $1,245,000 | 173.6% | 0.2% |
| PREMIA MORTGAGE, LLC | $465,000 | $1,215,000 | 161.3% | 0.2% |
| The Huntington National Bank | $1,670,000 | $1,205,000 | -27.8% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $500,000 | $1,180,000 | 136.0% | 0.2% |
| Goldwater Bank, N.A. | $135,000 | $1,160,000 | 759.3% | 0.2% |
| WestStar Bank | $1,150,000 | n/a | 0.2% | |
| PLAZA HOME MORTGAGE, INC. | $610,000 | $1,125,000 | 84.4% | 0.1% |
| SANDIA LABORATORY | $915,000 | $1,115,000 | 21.9% | 0.1% |
| First Savings Bank | $840,000 | $1,110,000 | 32.1% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $1,110,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $1,545,000 | $1,070,000 | -30.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $990,000 | $1,050,000 | 6.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,050,000 | $1,010,000 | -3.8% | 0.1% |
| Northpointe Bank | $1,695,000 | $965,000 | -43.1% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $255,000 | $935,000 | 266.7% | 0.1% |
| CLEARPATH LENDING | $1,415,000 | $895,000 | -36.7% | 0.1% |
| Morgan Stanley Private Bank | $205,000 | $890,000 | 334.1% | 0.1% |
| EL PASO AREA TEACHERS | $1,260,000 | $855,000 | -32.1% | 0.1% |
| Equity Prime Mortgage LLC | $155,000 | $855,000 | 451.6% | 0.1% |
| First Option Mortgage, LLC | $845,000 | n/a | 0.1% | |
| CHERRY CREEK MORTGAGE, LLC | $1,135,000 | $825,000 | -27.3% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $780,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $755,000 | $770,000 | 2.0% | 0.1% |
| Coastal Community Bank | $765,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $495,000 | $760,000 | 53.5% | 0.1% |
| EMBRACE HOME LOANS, INC. | $615,000 | $750,000 | 22.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $4,390,000 | $750,000 | -82.9% | 0.1% |
| First National Bank Texas | $2,010,000 | $730,000 | -63.7% | 0.1% |
| Magnolia Bank | $1,345,000 | $720,000 | -46.5% | 0.1% |
| EVOLVE | $350,000 | $705,000 | 101.4% | 0.1% |
| SPRING EQ, LLC | $680,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $2,055,000 | $665,000 | -67.6% | 0.1% |
| NBKC BANK | $900,000 | $660,000 | -26.7% | 0.1% |
| GENEVA FINANCIAL, LLC | $630,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $790,000 | $625,000 | -20.9% | 0.1% |
| Kirtland Federal Credit Union | $1,070,000 | $615,000 | -42.5% | 0.1% |
| SUMMIT FUNDING, INC. | $615,000 | n/a | 0.1% | |
| LENDINGONE, LLC | $280,000 | $605,000 | 116.1% | 0.1% |
| TIB The Independent Bankersbank | $865,000 | $600,000 | -30.6% | 0.1% |
| Citizens Bank | $745,000 | $590,000 | -20.8% | 0.1% |
| MOUNTAIN AMERICA | $940,000 | $565,000 | -39.9% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $65,000 | $565,000 | 769.2% | 0.1% |
| Great Southern Bank | $535,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $530,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $705,000 | $530,000 | -24.8% | 0.1% |
| Service Federal Credit Union | $275,000 | $505,000 | 83.6% | 0.1% |
| Bank of the Southwest | $490,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $540,000 | $485,000 | -10.2% | 0.1% |
| Ixonia Bank | $105,000 | $475,000 | 352.4% | 0.1% |
| Adams Bank & Trust | $465,000 | n/a | 0.1% | |
| STAR ONE CREDIT UNION | $460,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $1,405,000 | $460,000 | -67.3% | 0.1% |
| American Airlines Federal Credit Union | $165,000 | $445,000 | 169.7% | 0.1% |
| RANLIFE, INC. | $445,000 | n/a | 0.1% | |
| City Bank | $2,500,000 | $435,000 | -82.6% | 0.1% |
| COLUMBIA COMMUNITY CREDIT UNION | $425,000 | n/a | 0.1% | |
| BECKAM FUNDING CORP. | $415,000 | n/a | 0.1% | |
| Bank of the West | $4,640,000 | $400,000 | -91.4% | 0.1% |
| Bell Bank | $340,000 | $380,000 | 11.8% | 0.1% |
| Capital Bank | $375,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $255,000 | $365,000 | 43.1% | 0.0% |
| Ally Bank | $1,335,000 | $335,000 | -74.9% | 0.0% |
| Simmons Bank | $335,000 | $335,000 | 0.0% | 0.0% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $900,000 | $325,000 | -63.9% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $440,000 | $320,000 | -27.3% | 0.0% |
| RESIDENTIAL BANCORP | $950,000 | $305,000 | -67.9% | 0.0% |
| The Central Trust Bank | $1,485,000 | $305,000 | -79.5% | 0.0% |
| First Federal Bank | $135,000 | $295,000 | 118.5% | 0.0% |
| RIO GRANDE | $295,000 | n/a | 0.0% | |
| Servion, Inc. | $295,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $295,000 | n/a | 0.0% | |
| THE MORTGAGE LINK, INC. | $295,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $285,000 | n/a | 0.0% | |
| DIRECTORS MORTGAGE, INC. | $275,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $505,000 | $275,000 | -45.5% | 0.0% |
| POLARIS HOME FUNDING CORP. | $275,000 | n/a | 0.0% | |
| LOANPEOPLE, LLC | $265,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $1,740,000 | $265,000 | -84.8% | 0.0% |
| Colonial Savings, F.A. | $1,185,000 | $255,000 | -78.5% | 0.0% |
| Bethpage Federal Credit Union | $75,000 | $250,000 | 233.3% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $2,895,000 | $245,000 | -91.5% | 0.0% |
| ALLIANT CREDIT UNION | $235,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $95,000 | $235,000 | 147.4% | 0.0% |
| LEGEND LENDING CORPORATION | $235,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $225,000 | n/a | 0.0% | |
| UBS Bank USA | $475,000 | $225,000 | -52.6% | 0.0% |
| VERITAS FUNDING, LLC | $410,000 | $225,000 | -45.1% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $215,000 | n/a | 0.0% | |
| Amarillo National Bank | $205,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $685,000 | $205,000 | -70.1% | 0.0% |
| Old National Bank | $335,000 | $205,000 | -38.8% | 0.0% |
| KINECTA | $215,000 | $195,000 | -9.3% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $275,000 | $185,000 | -32.7% | 0.0% |
| BAY EQUITY LLC | $175,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| Bank of Utah | $155,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $155,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $155,000 | n/a | 0.0% | |
| STATE EMPLOYEES | $25,000 | $150,000 | 500.0% | 0.0% |
| Truist | $145,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $95,000 | $135,000 | 42.1% | 0.0% |
| DAS Acquisition Company, LLC | $85,000 | $135,000 | 58.8% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $215,000 | $135,000 | -37.2% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $345,000 | $135,000 | -60.9% | 0.0% |
| Network Funding, L.P. | $125,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $125,000 | n/a | 0.0% | |
| U.S. EAGLE | $125,000 | n/a | 0.0% | |
| WESCOM CENTRAL CREDIT UNION | $295,000 | $125,000 | -57.6% | 0.0% |
| Axos Bank | $115,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $115,000 | n/a | 0.0% | |
| S1L, Inc. | $470,000 | $115,000 | -75.5% | 0.0% |
| ONE NEVADA CREDIT UNION | $105,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $355,000 | $95,000 | -73.2% | 0.0% |
| RBC Bank, (Georgia) | $95,000 | n/a | 0.0% | |
| Del Norte Credit Union | $620,000 | $90,000 | -85.5% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $925,000 | $85,000 | -90.8% | 0.0% |
| Deere Employees Credit Union | $75,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $1,000,000 | $75,000 | -92.5% | 0.0% |
| First Savings Bank | $840,000 | $75,000 | -91.1% | 0.0% |
| Prosperity Home Mortgage, LLC | $760,000 | $75,000 | -90.1% | 0.0% |
| UNIVERSITY CREDIT UNION | $75,000 | n/a | 0.0% | |
| First Financial Credit Union | $925,000 | $55,000 | -94.1% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $1,510,000 | $55,000 | -96.4% | 0.0% |
LAS CRUCES's top lender by overall market share is Citizens Bank of Las Cruces, with 10.8% market share. In second place, with 7.3%, is QUICKEN LOANS, LLC, having originated $55,455,000 in loans. In third place, with 6.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $50,640,000 in loans. In fourth place, with 5.4%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $40,730,000 in loans. In fifth place, with 3.5%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $26,570,000 in loans.
LAS CRUCES Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - LAS CRUCES (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 | $213,913 (4.0%) | $274,512 (5.8%) | 0.79 | 772 |
| 2018-02-01 | $213,200 (-0.8%) | $272,963 (4.8%) | 0.77 | 781 |
| 2018-03-01 | $207,975 (-1.5%) | $260,016 (0.6%) | 0.73 | 837 |
| 2018-04-01 | $208,750 (-0.1%) | $262,181 (2.1%) | 0.71 | 840 |
| 2018-05-01 | $209,475 (1.0%) | $267,689 (5.1%) | 0.70 | 859 |
| 2018-06-01 | $215,000 (4.1%) | $269,950 (4.3%) | 0.72 | 855 |
| 2018-07-01 | $213,623 (1.8%) | $269,171 (5.0%) | 0.71 | 863 |
| 2018-08-01 | $205,238 (-2.7%) | $262,815 (1.7%) | 0.69 | 857 |
| 2018-09-01 | $209,250 (-1.7%) | $265,708 (2.3%) | 0.70 | 836 |
| 2018-10-01 | $210,370 (-1.8%) | $271,910 (4.6%) | 0.71 | 852 |
| 2018-11-01 | $206,500 (-3.2%) | $271,086 (3.2%) | 0.70 | 825 |
| 2018-12-01 | $204,450 (-2.6%) | $267,629 (2.4%) | 0.71 | 801 |
| 2019-01-01 | $205,000 (-4.2%) | $280,332 (2.1%) | 0.71 | 724 |
| 2019-02-01 | $216,873 (1.7%) | $286,198 (4.9%) | 0.73 | 723 |
| 2019-03-01 | $216,490 (4.1%) | $290,624 (11.8%) | 0.71 | 704 |
| 2019-04-01 | $224,500 (7.5%) | $303,317 (15.7%) | 0.71 | 670 |
| 2019-05-01 | $224,900 (7.4%) | $308,721 (15.3%) | 0.70 | 681 |
| 2019-06-01 | $227,500 (5.8%) | $313,905 (16.3%) | 0.71 | 684 |
| 2019-07-01 | $229,488 (7.4%) | $313,461 (16.5%) | 0.72 | 683 |
| 2019-08-01 | $229,273 (11.7%) | $312,273 (18.8%) | 0.73 | 683 |
| 2019-09-01 | $229,682 (9.8%) | $311,210 (17.1%) | 0.74 | 671 |
| 2019-10-01 | $229,975 (9.3%) | $312,123 (14.8%) | 0.74 | 663 |
| 2019-11-01 | $228,900 (10.9%) | $300,715 (10.9%) | 0.75 | 657 |
| 2019-12-01 | $228,850 (11.9%) | $298,923 (11.7%) | 0.76 | 625 |
| 2020-01-01 | $224,056 (9.3%) | $282,827 (0.9%) | 0.75 | 741 |
| 2020-02-01 | $225,000 (3.8%) | $283,542 (-0.9%) | 0.74 | 772 |
| 2020-03-01 | $235,000 (8.6%) | $293,615 (1.0%) | 0.74 | 769 |
| 2020-04-01 | $235,471 (4.9%) | $293,993 (-3.1%) | 0.74 | 735 |
| 2020-05-01 | $238,000 (5.8%) | $294,710 (-4.5%) | 0.72 | 738 |
| 2020-06-01 | $242,000 (6.4%) | $297,601 (-5.2%) | 0.71 | 729 |
| 2020-07-01 | $242,500 (5.7%) | $300,470 (-4.1%) | 0.70 | 714 |
| 2020-08-01 | $239,000 (4.2%) | $300,581 (-3.7%) | 0.68 | 714 |
| 2020-09-01 | $238,320 (3.8%) | $300,940 (-3.3%) | 0.68 | 659 |
| 2020-10-01 | $235,850 (2.6%) | $299,182 (-4.2%) | 0.68 | 671 |
| 2020-11-01 | $241,000 (5.3%) | $302,263 (0.5%) | 0.70 | 679 |
| 2020-12-01 | $249,450 (9.0%) | $303,283 (1.5%) | 0.74 | 642 |
| 2021-01-01 | $261,250 (16.6%) | $307,378 (8.7%) | 0.78 | 593 |
| 2021-02-01 | $264,500 (17.6%) | $307,723 (8.5%) | 0.77 | 601 |
| 2021-03-01 | $265,955 (13.2%) | $306,169 (4.3%) | 0.75 | 636 |
| 2021-04-01 | $269,000 (14.2%) | $303,653 (3.3%) | 0.73 | 664 |
| 2021-05-01 | $275,000 (15.6%) | $310,030 (5.2%) | 0.73 | 671 |
| 2021-06-01 | $278,989 (15.3%) | $319,530 (7.4%) | 0.73 | 690 |
| 2021-07-01 | $284,035 (17.1%) | $325,916 (8.5%) | 0.75 | 741 |
| 2021-08-01 | $285,000 (19.3%) | $327,274 (8.9%) | 0.76 | 799 |
| 2021-09-01 | $279,500 (17.3%) | $330,077 (9.7%) | 0.75 | 762 |
| 2021-10-01 | $285,000 (20.8%) | $338,197 (13.0%) | 0.76 | 709 |
| 2021-11-01 | $278,978 (15.8%) | $336,099 (11.2%) | 0.75 | 681 |
| 2021-12-01 | $293,500 (17.7%) | $341,094 (12.5%) | 0.80 | 659 |
| 2022-01-01 | $335,000 (28.2%) | $355,986 (15.8%) | 0.91 | 614 |
| 2022-02-01 | $346,500 (31.0%) | $362,787 (17.9%) | 0.90 | 593 |
| 2022-03-01 | $328,695 (23.6%) | $369,468 (20.7%) | 0.82 | 637 |
| 2022-04-01 | $330,000 (22.7%) | $377,241 (24.2%) | 0.79 | 607 |
| 2022-05-01 | $338,818 (23.2%) | $383,578 (23.7%) | 0.77 | 606 |
| 2022-06-01 | $346,330 (24.1%) | $384,608 (20.4%) | 0.77 | 631 |
| 2022-07-01 | $356,130 (25.4%) | $389,890 (19.6%) | 0.80 | 658 |
| 2022-08-01 | $361,333 (26.8%) | $397,534 (21.5%) | 0.84 | 681 |
| 2022-09-01 | $364,983 (30.6%) | $402,954 (22.1%) | 0.85 | 655 |
| 2022-10-01 | $359,613 (26.2%) | $393,849 (16.5%) | 0.85 | 672 |
| 2022-11-01 | $362,950 (30.1%) | $389,911 (16.0%) | 0.87 | 750 |
| 2022-12-01 | $369,500 (25.9%) | $392,120 (15.0%) | 0.91 | 681 |
| 2023-01-01 | $370,113 (10.5%) | $390,477 (9.7%) | 0.92 | 661 |
| 2023-02-01 | $359,925 (3.9%) | $383,212 (5.6%) | 0.87 | 674 |
| 2023-03-01 | $351,268 (6.9%) | $385,370 (4.3%) | 0.83 | 673 |
| 2023-04-01 | $349,925 (6.0%) | $390,494 (3.5%) | 0.81 | 703 |
| 2023-05-01 | $353,162 (4.2%) | $401,570 (4.7%) | 0.80 | 714 |
| 2023-06-01 | $356,263 (2.9%) | $403,449 (4.9%) | 0.80 | 711 |
| 2023-07-01 | $362,950 (1.9%) | $411,895 (5.6%) | 0.82 | 706 |
| 2023-08-01 | $357,475 (-1.1%) | $407,516 (2.5%) | 0.82 | 777 |
| 2023-09-01 | $357,375 (-2.1%) | $408,141 (1.3%) | 0.83 | 911 |
| 2023-10-01 | $362,475 (0.8%) | $422,837 (7.4%) | 0.85 | 598 |
| 2023-11-01 | $372,338 (2.6%) | $430,650 (10.5%) | 0.89 | 607 |
| 2023-12-01 | $369,950 (0.1%) | $434,084 (10.7%) | 0.90 | 597 |
| 2024-01-01 | $370,088 (0.0%) | $438,392 (12.3%) | 0.90 | 582 |
| 2024-02-01 | $374,963 (4.2%) | $440,668 (15.0%) | 0.90 | 599 |
| 2024-03-01 | $369,000 (5.1%) | $430,993 (11.8%) | 0.87 | 630 |
| 2024-04-01 | $365,000 (4.3%) | $425,553 (9.0%) | 0.85 | 650 |
| 2024-05-01 | $365,000 (3.4%) | $422,378 (5.2%) | 0.83 | 670 |
| 2024-06-01 | $367,000 (3.0%) | $434,533 (7.7%) | 0.82 | 649 |
| 2024-07-01 | $367,450 (1.2%) | $418,364 (1.6%) | 0.84 | 718 |
| 2024-08-01 | $374,500 (4.8%) | $422,019 (3.6%) | 0.87 | 757 |
| 2024-09-01 | $382,000 (6.9%) | $435,093 (6.6%) | 0.90 | 752 |
| 2024-10-01 | $389,000 (7.3%) | $436,002 (3.1%) | 0.92 | 751 |
LAS CRUCES's median listing price for 2024-10-01 was $389,000, a difference of
$26,525
(7.3%) versus the prior year and
$7,000 versus the prior month.
LAS CRUCES's median listing price comes in at 92% of the national average.
LAS CRUCES's average listing price for 2024-10-01 was $436,002, a difference of $13,165 (3.1%) versus the prior year and $909 versus the prior month.
For the 2024-10-01 period, LAS CRUCES had 751 MLS listings, a difference of -1 listings (0%) versus the prior month and 153 listings (26%) versus the prior year.
LAS CRUCES's median listing price comes in at 92% of the national average.
LAS CRUCES's average listing price for 2024-10-01 was $436,002, a difference of $13,165 (3.1%) versus the prior year and $909 versus the prior month.
For the 2024-10-01 period, LAS CRUCES had 751 MLS listings, a difference of -1 listings (0%) versus the prior month and 153 listings (26%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - LAS CRUCES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 97 days | 1,946 sqft |
| 2018-02-01 | 94 days | 1,939 sqft |
| 2018-03-01 | 73 days | 1,929 sqft |
| 2018-04-01 | 68 days | 1,945 sqft |
| 2018-05-01 | 65 days | 1,963 sqft |
| 2018-06-01 | 63 days | 1,957 sqft |
| 2018-07-01 | 73 days | 1,946 sqft |
| 2018-08-01 | 72 days | 1,924 sqft |
| 2018-09-01 | 73 days | 1,920 sqft |
| 2018-10-01 | 75 days | 1,905 sqft |
| 2018-11-01 | 79 days | 1,920 sqft |
| 2018-12-01 | 89 days | 1,900 sqft |
| 2019-01-01 | 91 days | 1,926 sqft |
| 2019-02-01 | 81 days | 1,972 sqft |
| 2019-03-01 | 72 days | 1,958 sqft |
| 2019-04-01 | 66 days | 2,012 sqft |
| 2019-05-01 | 61 days | 1,989 sqft |
| 2019-06-01 | 64 days | 2,024 sqft |
| 2019-07-01 | 62 days | 2,052 sqft |
| 2019-08-01 | 64 days | 2,072 sqft |
| 2019-09-01 | 67 days | 2,064 sqft |
| 2019-10-01 | 70 days | 2,059 sqft |
| 2019-11-01 | 68 days | 2,025 sqft |
| 2019-12-01 | 78 days | 2,023 sqft |
| 2020-01-01 | 83 days | 1,966 sqft |
| 2020-02-01 | 80 days | 1,970 sqft |
| 2020-03-01 | 58 days | 2,009 sqft |
| 2020-04-01 | 57 days | 1,999 sqft |
| 2020-05-01 | 64 days | 1,975 sqft |
| 2020-06-01 | 66 days | 1,981 sqft |
| 2020-07-01 | 57 days | 2,000 sqft |
| 2020-08-01 | 53 days | 1,987 sqft |
| 2020-09-01 | 52 days | 1,968 sqft |
| 2020-10-01 | 47 days | 1,959 sqft |
| 2020-11-01 | 47 days | 1,961 sqft |
| 2020-12-01 | 55 days | 1,987 sqft |
| 2021-01-01 | 61 days | 2,020 sqft |
| 2021-02-01 | 45 days | 2,008 sqft |
| 2021-03-01 | 44 days | 2,001 sqft |
| 2021-04-01 | 43 days | 1,995 sqft |
| 2021-05-01 | 44 days | 1,999 sqft |
| 2021-06-01 | 48 days | 2,015 sqft |
| 2021-07-01 | 45 days | 2,045 sqft |
| 2021-08-01 | 42 days | 2,002 sqft |
| 2021-09-01 | 51 days | 1,942 sqft |
| 2021-10-01 | 57 days | 1,998 sqft |
| 2021-11-01 | 55 days | 1,963 sqft |
| 2021-12-01 | 57 days | 2,005 sqft |
| 2022-01-01 | 56 days | 2,119 sqft |
| 2022-02-01 | 48 days | 2,137 sqft |
| 2022-03-01 | 47 days | 2,046 sqft |
| 2022-04-01 | 45 days | 2,041 sqft |
| 2022-05-01 | 45 days | 2,046 sqft |
| 2022-06-01 | 44 days | 2,080 sqft |
| 2022-07-01 | 45 days | 2,070 sqft |
| 2022-08-01 | 47 days | 2,062 sqft |
| 2022-09-01 | 58 days | 2,106 sqft |
| 2022-10-01 | 60 days | 2,031 sqft |
| 2022-11-01 | 51 days | 2,030 sqft |
| 2022-12-01 | 58 days | 2,026 sqft |
| 2023-01-01 | 72 days | 2,023 sqft |
| 2023-02-01 | 90 days | 1,986 sqft |
| 2023-03-01 | 75 days | 1,953 sqft |
| 2023-04-01 | 53 days | 1,960 sqft |
| 2023-05-01 | 58 days | 1,974 sqft |
| 2023-06-01 | 60 days | 1,988 sqft |
| 2023-07-01 | 59 days | 2,052 sqft |
| 2023-08-01 | 58 days | 2,014 sqft |
| 2023-09-01 | 72 days | 2,000 sqft |
| 2023-10-01 | 82 days | 2,056 sqft |
| 2023-11-01 | 74 days | 2,112 sqft |
| 2023-12-01 | 86 days | 2,097 sqft |
| 2024-01-01 | 85 days | 2,108 sqft |
| 2024-02-01 | 65 days | 2,136 sqft |
| 2024-03-01 | 54 days | 2,050 sqft |
| 2024-04-01 | 58 days | 2,023 sqft |
| 2024-05-01 | 61 days | 2,000 sqft |
| 2024-06-01 | 62 days | 2,019 sqft |
| 2024-07-01 | 52 days | 2,024 sqft |
| 2024-08-01 | 54 days | 2,050 sqft |
| 2024-09-01 | 62 days | 2,050 sqft |
| 2024-10-01 | 82 days | 2,050 sqft |
LAS CRUCES's median listing age (time on market) for 2024-10-01 was 82 days.
This
is 1%
longer
than the same period one year ago.
LAS CRUCES's median square footage for active listings during the 2024-10-01 period was 2,050 sqft. One year prior, the average listing was 2,056 sqft.
LAS CRUCES's median square footage for active listings during the 2024-10-01 period was 2,050 sqft. One year prior, the average listing was 2,056 sqft.
LAS CRUCES, NM Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 87936 | Las Cruces, NM MSA | $710 | $770 | $890 | $1,260 | $1,450 |
| 87937 | Las Cruces, NM MSA | $640 | $690 | $800 | $1,130 | $1,300 |
| 87940 | Las Cruces, NM MSA | $710 | $760 | $880 | $1,250 | $1,440 |
| 87941 | Las Cruces, NM MSA | $640 | $690 | $800 | $1,130 | $1,300 |
| 88001 | Las Cruces, NM MSA | $730 | $790 | $910 | $1,290 | $1,490 |
| 88002 | Las Cruces, NM MSA | $1,070 | $1,160 | $1,340 | $1,900 | $2,190 |
| 88003 | Las Cruces, NM MSA | $730 | $790 | $910 | $1,290 | $1,490 |
| 88004 | Las Cruces, NM MSA | $710 | $770 | $890 | $1,260 | $1,450 |
| 88005 | Las Cruces, NM MSA | $700 | $750 | $870 | $1,240 | $1,420 |
| 88007 | Las Cruces, NM MSA | $660 | $710 | $820 | $1,170 | $1,340 |
| 88008 | Las Cruces, NM MSA | $760 | $820 | $950 | $1,350 | $1,550 |
| 88011 | Las Cruces, NM MSA | $860 | $930 | $1,070 | $1,520 | $1,750 |
| 88012 | Las Cruces, NM MSA | $940 | $1,010 | $1,170 | $1,660 | $1,910 |
| 88013 | Las Cruces, NM MSA | $710 | $770 | $890 | $1,260 | $1,450 |
| 88021 | Las Cruces, NM MSA | $640 | $690 | $800 | $1,130 | $1,300 |
| 88024 | Las Cruces, NM MSA | $660 | $710 | $820 | $1,160 | $1,330 |
| 88027 | Las Cruces, NM MSA | $710 | $760 | $890 | $1,260 | $1,450 |
| 88032 | Las Cruces, NM MSA | $750 | $800 | $930 | $1,320 | $1,520 |
| 88033 | Las Cruces, NM MSA | $710 | $770 | $890 | $1,260 | $1,450 |
| 88044 | Las Cruces, NM MSA | $750 | $810 | $940 | $1,340 | $1,540 |
| 88046 | Las Cruces, NM MSA | $680 | $740 | $850 | $1,210 | $1,390 |
| 88047 | Las Cruces, NM MSA | $760 | $820 | $950 | $1,340 | $1,550 |
| 88048 | Las Cruces, NM MSA | $780 | $840 | $970 | $1,390 | $1,590 |
| 88052 | Las Cruces, NM MSA | $900 | $970 | $1,120 | $1,600 | $1,840 |
| 88063 | Las Cruces, NM MSA | $660 | $710 | $830 | $1,170 | $1,350 |
| 88072 | Las Cruces, NM MSA | $710 | $770 | $890 | $1,250 | $1,440 |
| 88081 | Las Cruces, NM MSA | $660 | $710 | $820 | $1,170 | $1,340 |
2022 Average & Median Rent Data Statistics
LAS CRUCES, NM average 1BR rent: $797, median: $770
LAS CRUCES, NM average 2BR rent: $922, median: $890
LAS CRUCES, NM average 3BR rent: $1,308, median: $1,260
LAS CRUCES, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,357 | $600,565,000 | $254,801 |
| Cash Out Refi | 455 | $91,805,000 | $201,769 |
| Other | 171 | $15,935,000 | $93,187 |
| Home Improvement | 157 | $13,375,000 | $85,191 |
| Refi | 113 | $36,605,000 | $323,938 |
Las Cruces's most frequently cited loan purpose was Home Purchase, with 2,357 originations. The 2nd most popular reason was Cash Out Refi, with 455 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,180 | $317,900,000 | $269,407 |
| 7-8% | 656 | $153,970,000 | $234,710 |
| 5-6% | 654 | $177,450,000 | $271,330 |
| Over 8% | 596 | $59,430,000 | $99,715 |
| 4-5% | 55 | $15,805,000 | $287,364 |
| <2.5% | 20 | $10,890,000 | $544,500 |
| 3-4% | 10 | $1,960,000 | $196,000 |
| 2.5-3% | 8 | $1,560,000 | $195,000 |
During 2023, Las Cruces's most frequently originated rate bucket was 6-7%, with 1,180 originations.
Loan Sizing (LAS CRUCES, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,508 | $420,380,000 | $278,767 |
| $100k-200k | 768 | $118,470,000 | $154,258 |
| $100,000 or less | 636 | $31,490,000 | $49,513 |
| $400k-600k | 275 | $127,665,000 | $464,236 |
| $600k-1000k | 58 | $39,000,000 | $672,414 |
| $Over $1MM | 8 | $21,280,000 | $2,660,000 |
LAS CRUCES's loan sizing saw the bucket of loans from $200k-400k with 1,508 originations, totaling $420,380,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,560 | $434,880,000 | $278,769 |
| 60-80% | 654 | $171,520,000 | $262,263 |
| Under 20% | 360 | $12,490,000 | $34,694 |
| 20-40% | 262 | $27,710,000 | $105,763 |
| 40-60% | 247 | $50,545,000 | $204,636 |
| Over 100% | 85 | $39,205,000 | $461,235 |
LAS CRUCES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,560 originations, totaling $434,880,000 in origination value.