SANTA FE Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Santa Fe averaged 6.67% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.54% and one month ago for the week of 2024-02-15, the average rate was 6.87%.

Santa Fe's average rate one year ago was 6.7%.

For refis of the same type during the week of 2024-03-21, the average rate was 7.07%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Santa Fe 30 Year Fixed Rate 2024-03-21 6.67%
Santa Fe 30 Year Fixed Rate Refi 2024-03-21 7.07%
Santa Fe 15 Year Fixed Rate 2024-03-21 6.21%
Santa Fe 15 Year Fixed Rate Refi 2024-03-21 6.81%
Santa Fe 30 Year FHA 2024-03-21 6.43%
Santa Fe 30 Year FHA Refi 2024-03-21 6.5%
Santa Fe 30 Year USDA 2024-03-21 6.47%
Santa Fe 30 Year USDA Refi 2024-03-21 6.47%
Santa Fe 30 Year VA 2024-03-21 6.34%
Santa Fe 30 Year VA Refi 2024-03-21 6.74%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SANTA FE, NM.

SANTA FE 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 SANTA FE, 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Waterstone Mortgage Corporation 82 6.92% $9,266
QUICKEN LOANS, LLC 73 6.63% $8,922
UNITED WHOLESALE MORTGAGE, LLC 66 6.87% $8,877
PULTE MORTGAGE LLC 61 6.02% $3,007
BOKF 56 6.78% $6,355
Nations Lending Corporation 48 7.10% $5,444
NUSENDA 45 6.09% $5,132
Del Norte Credit Union 42 6.15% $5,200
Sunflower Bank 37 6.57% $6,600
Gateway First Bank 33 6.94% $5,731
JPMorgan Chase Bank 32 6.38% $6,631
Bell Bank 30 6.97% $5,967
Wells Fargo Bank 24 5.99% $8,699
GUILD MORTGAGE COMPANY 22 6.64% $12,706
UNION HOME MORTGAGE CORP. 19 7.14% $7,355
PLAZA HOME MORTGAGE, INC. 19 6.94% $4,221
21ST MORTGAGE CORPORATION 18 7.76% $6,836
Morgan Stanley Private Bank 18 5.83% $4,250
CARDINAL FINANCIAL 18 6.69% $12,028
PRIMARY RESIDENTIAL MORTGAGE, INC. 16 7.07% $9,468
Bank of America 16 6.34% $7,914
GUARANTEED RATE, INC. 16 6.82% $8,458
U.S. Bank 14 6.66% $6,878
Enterprise Bank & Trust 13 6.48% $5,443
GUADALUPE CREDIT UNION 11 7.67% $6,295
LOANDEPOT.COM, LLC 11 6.72% $14,051
DIRECTORS MORTGAGE, INC. 9 7.40% $15,742
MidFirst Bank 9 5.97% $24,293
SANDIA LABORATORY 9 5.81% $3,114
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.97% $7,286
AMERISAVE MORTGAGE CORPORATION 8 6.23% $13,931
NAVY FEDERAL CREDIT UNION 7 6.13% $3,577
CMG MORTGAGE, INC. 7 6.85% $6,582
CROSSCOUNTRY MORTGAGE, LLC 7 7.31% $10,448
USAA Federal Savings Bank 7 6.73% $5,491
Charles Schwab Bank, SSB 6 6.19% $5,828
BAY EQUITY LLC 6 6.79% $7,247
Mr. Cooper ( Nationstar Mortgage ) 6 6.93% $11,123
UBS Bank USA 5 6.13% $6,786
BETTER MORTGAGE CORPORATION 5 6.13% $4,100
BMO Harris Bank 5 5.63% $9,300
Commerce Home Mortgage, Inc. 5 7.38% $13,263
NEWREZ LLC 5 6.85% $9,693
Washington Federal Bank 4 5.44% $15,363
FREEDOM MORTGAGE CORPORATION 4 6.97% $11,546
CALCON MUTUAL MORTGAGE LLC 4 7.59% $7,076
BNY Mellon 4 5.94% $6,232
MID AMERICA MORTGAGE, INC. 4 6.78% $7,285
HOMETRUST MORTGAGE COMPANY 4 7.25% $8,967
PNC Bank 4 6.91% $4,843
First-Citizens Bank & Trust Company 4 6.87% $6,535
AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.53% $7,757
PENNYMAC LOAN SERVICES, LLC 4 6.56% $9,539
MUTUAL OF OMAHA MORTGAGE, INC. 4 7.22% $12,430
NBKC BANK 4 6.63% $4,237
Stifel Bank and Trust 3 5.88% $3,792
The Huntington National Bank 3 6.17% $5,622
Mortgage Research Center, LLC 3 6.29% $5,468
LENDSURE MORTGAGE CORP. 3 8.00% $14,126
Raymond James Bank 3 5.38% $3,465
ZILLOW HOME LOANS, LLC 2 6.38% $5,756
ADVANCIAL 2 6.75% $6,520
Ally Bank 2 6.44% $5,656
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.31% $11,444
BROKER SOLUTIONS, INC. 2 6.81% $10,483
Century Mortgage Company DBA Century Lending Company 2 6.63% $7,104
Citibank 2 5.50% $4,303
DEEPHAVEN MORTGAGE LLC 2 8.62% $11,451
DRAPER AND KRAMER MORTGAGE CORP. 2 6.69% $8,421
Flagstar Bank, FSB 2 6.52% $7,621
Goldman Sachs Bank USA 2 5.18% $8,810
HOMEXPRESS MORTGAGE CORP. 2 8.81% $8,796
PENTAGON FEDERAL CREDIT UNION 2 6.00% $5,429
Plains Commerce Bank 2 6.38% $22,235
SUMMIT FUNDING, INC. 2 6.87% $7,802
VANDERBILT MORTGAGE AND FINANCE, INC. 2 8.38% $6,301
Wallick & Volk, Inc. 2 7.06% $7,387
MOUNTAIN AMERICA 1 7.25% $5,265
Leader Bank 1 6.38% $6,043
LAKEVIEW LOAN SERVICING, LLC 1 6.63% $10,042
NASA Federal Credit Union 1 6.13% $9,008
Kirtland Federal Credit Union 1 5.75% $12,899
INTERCAP LENDING INC. 1 6.75% $4,760
HSBC BANK USA, NATIONAL ASSOCIATION 1 5.57% $6,875
First United Bank and Trust Company 1 8.13% $4,185
Northpointe Bank 1 5.88% $3,422
First United Bank 1 6.75% $9,017
Origin Bank 1 6.25% $3,388
FirstLight Federal Credit Union 1 6.63% $5,672
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.75% $44,780
Ameris Bank 1 6.63% $6,415
First Financial Credit Union 1 5.63% $4,046
Farmers Bank & Trust 1 6.49% $3,904
PREMIA MORTGAGE, LLC 1 6.28% $0
Discover Bank 1 5.99% $0
Prosperity Home Mortgage, LLC 1 7.63% $9,598
DELMAR FINANCIAL COMPANY 1 6.99% $6,916
CORNERSTONE HOME LENDING, INC. 1 6.63% $6,625
Cornerstone First Mortgage, Inc 1 6.88% $14,477
RELIANCE FIRST CAPITAL, LLC 1 6.75% $18,533
S1L, Inc. 1 7.13% $9,519
Colonial Savings, F.A. 1 6.50% $5,318
SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $4,219
Signal Financial Federal Credit Union 1 6.88% $5,293
City Bank 1 7.88% $8,122
AMERICAN HERITAGE LENDING, INC. 1 10.88% $11,405
Citadel Servicing Corporation 1 8.25% $11,045
SWBC MORTGAGE CORPORATION 1 6.50% $6,846
Texas Regional Bank 1 7.02% $11,900
The Central Trust Bank 1 6.38% $3,776
Carrington Mortgage Services, LLC 1 5.88% $6,971
TOTAL MORTGAGE SERVICES, LLC 1 8.13% $6,812
Toyota Financial Savings Bank 1 7.50% $4,197
CANOPY MORTGAGE, LLC 1 7.99% $7,707
UMB Bank 1 6.89% $4,591
Bank of the West 1 4.63% $13,415
Bank of England 1 6.38% $8,561
BancorpSouth 1 5.28% $7,468
ARC HOME LLC 1 6.50% $7,886
Willamette Valley Bank 1 7.13% $21,331
VAN DYK MORTGAGE CORPORATION 1 6.50% $4,617
ACADEMY MORTGAGE CORPORATION 1 7.38% $10,189
Meridian Bank Corporation 1 6.99% $13,764
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $6,652
MANN FINANCIAL INC. 1 4.13% $2,313
LRS FINANCIAL NETWORK, INC. 1 7.38% $4,226
Loan Simple, Inc. 1 6.63% $8,110

SANTA FE Average Closing Costs & Other Stats

SANTA FE, NM's 127 lenders originated 2,339 loans during 2023. The total origination value was $905,175,000, with an average loan value of $386,992.

SANTA FE's average closing costs are $5,838.

The top SANTA FE lender as defined by loan originations is Waterstone Mortgage Corporation, with 82 loans originated. Their average total fees are $9,266, which is $344 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee SANTA FE lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($3,007), PLAZA HOME MORTGAGE, INC. ($4,221), Morgan Stanley Private Bank ($4,250), NUSENDA ($5,132) and Del Norte Credit Union ($5,200).

The lowest rate SANTA FE lenders (with over 10 loans originated) are Morgan Stanley Private Bank (5.83%), Wells Fargo Bank (5.99%), PULTE MORTGAGE LLC (6.02%), NUSENDA (6.09%) and Del Norte Credit Union (6.15%).

SANTA FE, 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
Waterstone Mortgage Corporation $78,850,000 $47,315,000 -40.0% 5.2%
ORIX REAL ESTATE CAPITAL, LLC $39,055,000 n/a 4.3%
UNITED WHOLESALE MORTGAGE, LLC $48,910,000 $38,360,000 -21.6% 4.2%
QUICKEN LOANS, LLC $70,290,000 $37,390,000 -46.8% 4.1%
PULTE MORTGAGE LLC $16,630,000 $36,325,000 118.4% 4.0%
Wells Fargo Bank $34,930,000 $34,495,000 -1.2% 3.8%
NUSENDA $24,095,000 $32,795,000 36.1% 3.6%
BOKF $39,510,000 $30,125,000 -23.8% 3.3%
NBH Bank $705,000 $27,255,000 3,766.0% 3.0%
Nations Lending Corporation $23,190,000 $24,910,000 7.4% 2.8%
Del Norte Credit Union $29,040,000 $23,795,000 -18.1% 2.6%
Bank of America $49,795,000 $21,045,000 -57.7% 2.3%
STATE EMPLOYEES $30,095,000 $18,785,000 -37.6% 2.1%
JPMorgan Chase Bank $35,260,000 $18,405,000 -47.8% 2.0%
Bell Bank $23,325,000 $17,555,000 -24.7% 1.9%
Sunflower Bank $46,870,000 $17,455,000 -62.8% 1.9%
First State Bank $19,160,000 $17,380,000 -9.3% 1.9%
GUILD MORTGAGE COMPANY $8,455,000 $16,160,000 91.1% 1.8%
Gateway First Bank $33,955,000 $15,810,000 -53.4% 1.7%
Morgan Stanley Private Bank $38,100,000 $15,000,000 -60.6% 1.7%
MidFirst Bank $19,930,000 $14,900,000 -25.2% 1.6%
GUARANTEED RATE, INC. $16,985,000 $14,245,000 -16.1% 1.6%
CARDINAL FINANCIAL $21,185,000 $13,570,000 -35.9% 1.5%
U.S. Bank $31,300,000 $11,405,000 -63.6% 1.3%
21ST MORTGAGE CORPORATION $11,280,000 $10,450,000 -7.4% 1.2%
LOANDEPOT.COM, LLC $29,690,000 $10,000,000 -66.3% 1.1%
UNION HOME MORTGAGE CORP. $17,590,000 $9,920,000 -43.6% 1.1%
NAVY FEDERAL CREDIT UNION $10,835,000 $9,010,000 -16.8% 1.0%
PLAZA HOME MORTGAGE, INC. $18,880,000 $8,620,000 -54.3% 1.0%
Mortgage Research Center, LLC $12,265,000 $8,345,000 -32.0% 0.9%
PRIMARY RESIDENTIAL MORTGAGE, INC. $7,400,000 $8,065,000 9.0% 0.9%
CROSSCOUNTRY MORTGAGE, LLC $2,330,000 $8,045,000 245.3% 0.9%
SANDIA LABORATORY $4,250,000 $7,915,000 86.2% 0.9%
Enterprise Bank & Trust $16,140,000 $7,840,000 -51.4% 0.9%
USAA Federal Savings Bank $5,780,000 $6,755,000 16.9% 0.7%
Washington Federal Bank $20,195,000 $6,610,000 -67.3% 0.7%
Commerce Home Mortgage, Inc. $11,625,000 $5,960,000 -48.7% 0.7%
PENNYMAC LOAN SERVICES, LLC $10,910,000 $5,740,000 -47.4% 0.6%
DIRECTORS MORTGAGE, INC. $5,630,000 n/a 0.6%
GUADALUPE CREDIT UNION $15,160,000 $4,855,000 -68.0% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,610,000 $4,805,000 198.4% 0.5%
Charles Schwab Bank, SSB $22,560,000 $4,790,000 -78.8% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $13,720,000 $4,680,000 -65.9% 0.5%
First-Citizens Bank & Trust Company $3,065,000 $4,595,000 49.9% 0.5%
AMERISAVE MORTGAGE CORPORATION $10,265,000 $4,340,000 -57.7% 0.5%
BMO Harris Bank $5,195,000 $4,010,000 -22.8% 0.4%
CMG MORTGAGE, INC. $4,635,000 $3,975,000 -14.2% 0.4%
UBS Bank USA $16,265,000 $3,935,000 -75.8% 0.4%
VELOCITY COMMERCIAL CAPITAL, LLC $465,000 $3,665,000 688.2% 0.4%
PNC Bank $14,510,000 $3,660,000 -74.8% 0.4%
CALCON MUTUAL MORTGAGE LLC $2,540,000 $3,560,000 40.2% 0.4%
LONGBRIDGE FINANCIAL, LLC $1,775,000 $3,555,000 100.3% 0.4%
Goldman Sachs Bank USA $2,060,000 $3,510,000 70.4% 0.4%
ANGEL OAK MORTGAGE SOLUTIONS LLC $5,900,000 $3,370,000 -42.9% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $3,520,000 $3,350,000 -4.8% 0.4%
NEWREZ LLC $2,370,000 $3,115,000 31.4% 0.3%
Flagstar Bank, FSB $11,345,000 $3,100,000 -72.7% 0.3%
BNY Mellon $3,035,000 $3,050,000 0.5% 0.3%
SANDIA AREA $2,280,000 $3,035,000 33.1% 0.3%
Choice Financial Group $2,905,000 n/a 0.3%
Plains Commerce Bank $4,135,000 $2,825,000 -31.7% 0.3%
FINANCE OF AMERICA REVERSE LLC $6,055,000 $2,675,000 -55.8% 0.3%
The First National Bank of Sonora $2,560,000 n/a 0.3%
MID AMERICA MORTGAGE, INC. $3,115,000 $2,455,000 -21.2% 0.3%
FREEDOM MORTGAGE CORPORATION $8,980,000 $2,375,000 -73.6% 0.3%
BETTER MORTGAGE CORPORATION $8,515,000 $2,275,000 -73.3% 0.3%
PENTAGON FEDERAL CREDIT UNION $2,955,000 $2,160,000 -26.9% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $665,000 $2,120,000 218.8% 0.2%
The Huntington National Bank $1,835,000 $1,955,000 6.5% 0.2%
BAY EQUITY LLC $1,865,000 $1,950,000 4.6% 0.2%
Red River Bank $155,000 $1,915,000 1,135.5% 0.2%
Inwood National Bank $1,865,000 n/a 0.2%
Citibank $12,160,000 $1,840,000 -84.9% 0.2%
LENDSURE MORTGAGE CORP. $1,840,000 n/a 0.2%
NBKC BANK $1,640,000 $1,830,000 11.6% 0.2%
Discover Bank $1,170,000 $1,820,000 55.6% 0.2%
Raymond James Bank $4,530,000 $1,755,000 -61.3% 0.2%
Figure Lending LLC $1,445,000 $1,730,000 19.7% 0.2%
The Federal Savings Bank $3,635,000 $1,715,000 -52.8% 0.2%
Kirtland Federal Credit Union $1,850,000 $1,705,000 -7.8% 0.2%
BROKER SOLUTIONS, INC. $2,745,000 $1,580,000 -42.4% 0.2%
HOMETRUST MORTGAGE COMPANY $235,000 $1,545,000 557.4% 0.2%
DRAPER AND KRAMER MORTGAGE CORP. $385,000 $1,465,000 280.5% 0.2%
SWBC MORTGAGE CORPORATION $1,425,000 n/a 0.2%
Century Mortgage Company DBA Century Lending Company $2,615,000 $1,410,000 -46.1% 0.2%
SUMMIT FUNDING, INC. $1,400,000 n/a 0.2%
Stifel Bank and Trust $3,470,000 $1,385,000 -60.1% 0.2%
ARC HOME LLC $155,000 $1,335,000 761.3% 0.1%
Franklin Loan Corporation $1,295,000 n/a 0.1%
Bank of the West $4,200,000 $1,275,000 -69.6% 0.1%
Third Coast Bank SSB $1,265,000 n/a 0.1%
First United Bank $705,000 $1,260,000 78.7% 0.1%
LAKEVIEW LOAN SERVICING, LLC $2,555,000 $1,185,000 -53.6% 0.1%
ZILLOW HOME LOANS, LLC $1,595,000 $1,155,000 -27.6% 0.1%
Carrington Mortgage Services, LLC $2,805,000 $1,025,000 -63.5% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,370,000 $990,000 -58.2% 0.1%
DEEPHAVEN MORTGAGE LLC $965,000 n/a 0.1%
HSBC BANK USA, NATIONAL ASSOCIATION $965,000 n/a 0.1%
WALKER & DUNLOP, LLC $965,000 n/a 0.1%
MASON MCDUFFIE MORTGAGE CORPORATION $955,000 n/a 0.1%
BancorpSouth $445,000 $945,000 112.4% 0.1%
MOUNTAIN AMERICA $1,885,000 $940,000 -50.1% 0.1%
ACADEMY MORTGAGE CORPORATION $1,690,000 $935,000 -44.7% 0.1%
Paramount Residential Mortgage Group, Inc. $915,000 $910,000 -0.5% 0.1%
Bank of England $1,300,000 $905,000 -30.4% 0.1%
North American Savings Bank, F.S.B. $465,000 $880,000 89.2% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $190,000 $860,000 352.6% 0.1%
NEXERA HOLDING LLC $815,000 n/a 0.1%
SOUTHWEST STAGE FUNDING, LLC $295,000 $790,000 167.8% 0.1%
Barrington Bank & Trust Company, N.A. $465,000 $785,000 68.8% 0.1%
SPRING EQ, LLC $555,000 $770,000 38.7% 0.1%
Northpointe Bank $405,000 $750,000 85.2% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $2,125,000 $730,000 -65.6% 0.1%
LRS FINANCIAL NETWORK, INC. $725,000 n/a 0.1%
PREMIA MORTGAGE, LLC $725,000 n/a 0.1%
MEMBER FIRST MORTGAGE, LLC $720,000 n/a 0.1%
City Bank $1,645,000 $715,000 -56.5% 0.1%
PHH Mortgage Corporation $1,415,000 $715,000 -49.5% 0.1%
VILLAGE CAPITAL MORTGAGE $710,000 n/a 0.1%
CANOPY MORTGAGE, LLC $1,095,000 $695,000 -36.5% 0.1%
Willamette Valley Bank $665,000 $695,000 4.5% 0.1%
Origin Bank $665,000 n/a 0.1%
Texas Regional Bank $655,000 n/a 0.1%
Leader Bank $635,000 n/a 0.1%
HOMEXPRESS MORTGAGE CORP. $620,000 n/a 0.1%
Prosperity Home Mortgage, LLC $615,000 n/a 0.1%
First United Bank and Trust Company $535,000 $605,000 13.1% 0.1%
UMB Bank $305,000 $575,000 88.5% 0.1%
Wallick & Volk, Inc. $575,000 n/a 0.1%
Mabrey Bank $555,000 n/a 0.1%
AMERICAN HERITAGE LENDING, INC. $285,000 $535,000 87.7% 0.1%
NASA Federal Credit Union $525,000 n/a 0.1%
Ally Bank $2,735,000 $520,000 -81.0% 0.1%
The Central Trust Bank $515,000 $520,000 1.0% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,290,000 $510,000 -60.5% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $135,000 $500,000 270.4% 0.1%
ADVANCIAL $480,000 n/a 0.1%
Cornerstone First Mortgage, Inc $465,000 n/a 0.1%
FirstLight Federal Credit Union $465,000 n/a 0.1%
LOANPAL, LLC $3,595,000 $460,000 -87.2% 0.1%
Southwest Airlines Federal Credit Union $55,000 $445,000 709.1% 0.0%
Loan Simple, Inc. $945,000 $440,000 -53.4% 0.0%
MOVEMENT MORTGAGE, LLC $850,000 $435,000 -48.8% 0.0%
Equity Prime Mortgage LLC $600,000 $415,000 -30.8% 0.0%
M&T Bank $575,000 $415,000 -27.8% 0.0%
Farmers Bank & Trust $855,000 $405,000 -52.6% 0.0%
DELMAR FINANCIAL COMPANY $7,520,000 $395,000 -94.7% 0.0%
Neighborhood Loans, Inc. $445,000 $395,000 -11.2% 0.0%
V.I.P. MORTGAGE, INC. $395,000 n/a 0.0%
First Financial Credit Union $645,000 $390,000 -39.5% 0.0%
GENEVA FINANCIAL, LLC $440,000 $375,000 -14.8% 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $370,000 n/a 0.0%
MANN FINANCIAL INC. $295,000 $365,000 23.7% 0.0%
Signal Financial Federal Credit Union $365,000 n/a 0.0%
Citadel Servicing Corporation $355,000 n/a 0.0%
Hometown Equity Mortgage, LLC $355,000 n/a 0.0%
Meridian Bank Corporation $355,000 n/a 0.0%
PREMIER AMERICA $255,000 $355,000 39.2% 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $405,000 $355,000 -12.3% 0.0%
U.S. EAGLE $650,000 $350,000 -46.2% 0.0%
GARDNER FINANCIAL SERVICES, LTD. $345,000 n/a 0.0%
CORNERSTONE HOME LENDING, INC. $1,895,000 $325,000 -82.8% 0.0%
S1L, Inc. $1,250,000 $325,000 -74.0% 0.0%
Toyota Financial Savings Bank $325,000 n/a 0.0%
INTERCAP LENDING INC. $315,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $315,000 n/a 0.0%
CHEVRON $2,575,000 $310,000 -88.0% 0.0%
POLARIS HOME FUNDING CORP. $305,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $145,000 $305,000 110.3% 0.0%
SILVER HILL FUNDING, LLC $585,000 $305,000 -47.9% 0.0%
Ameris Bank $295,000 n/a 0.0%
Extraco Banks $295,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $1,145,000 $285,000 -75.1% 0.0%
NEW DAY FINANCIAL, LLC $1,360,000 $275,000 -79.8% 0.0%
OCMBC, INC. $155,000 $265,000 71.0% 0.0%
Magnolia Bank $755,000 $225,000 -70.2% 0.0%
SIWELL, INC. $225,000 n/a 0.0%
Colonial Savings, F.A. $220,000 $205,000 -6.8% 0.0%
Connexus Credit Union $195,000 n/a 0.0%
VAN DYK MORTGAGE CORPORATION $1,145,000 $195,000 -83.0% 0.0%
Baxter Credit Union $175,000 n/a 0.0%
CONSTRUCTIVE LOANS, LLC $155,000 n/a 0.0%
Coastal Community Bank $150,000 n/a 0.0%
COUNTRYPLACE MORTGAGE, LTD. $250,000 $145,000 -42.0% 0.0%
TOP FLITE FINANCIAL, INC. $255,000 $115,000 -54.9% 0.0%
DIGITAL Federal Credit Union $55,000 $105,000 90.9% 0.0%
TRIAD FINANCIAL SERVICES, INC. $185,000 $105,000 -43.2% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $85,000 n/a 0.0%
Firefighters First Federal Credit Union $350,000 $75,000 -78.6% 0.0%
NORTHROP GRUMMAN Federal Credit Union $65,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $2,940,000 $50,000 -98.3% 0.0%
Zions Bank $6,110,000 $25,000 -99.6% 0.0%

SANTA FE's top lender by overall market share is Waterstone Mortgage Corporation, with 5.2% market share. In second place, with 4.3%, is ORIX REAL ESTATE CAPITAL, LLC, having originated $39,055,000 in loans. In third place, with 4.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $38,360,000 in loans. In fourth place, with 4.1%, is QUICKEN LOANS, LLC, having originated $37,390,000 in loans. In fifth place, with 4.0%, is PULTE MORTGAGE LLC, having originated $36,325,000 in loans.


SANTA FE Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - SANTA FE (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 $565,000 (5.9%) $868,831 (7.6%) 2.09 722
2018-02-01 $571,500 (8.6%) $879,568 (9.6%) 2.07 698
2018-03-01 $560,000 (12.0%) $885,150 (12.2%) 1.96 679
2018-04-01 $575,000 (8.6%) $912,961 (14.0%) 1.95 680
2018-05-01 $577,000 (4.0%) $914,318 (11.8%) 1.93 726
2018-06-01 $595,000 (6.5%) $916,069 (11.0%) 1.98 776
2018-07-01 $598,000 (8.7%) $920,277 (12.7%) 2.00 833
2018-08-01 $574,250 (3.9%) $894,762 (8.8%) 1.92 902
2018-09-01 $568,500 (3.6%) $895,327 (10.2%) 1.91 884
2018-10-01 $575,750 (4.8%) $910,532 (11.6%) 1.95 869
2018-11-01 $575,000 (4.7%) $913,624 (10.8%) 1.95 828
2018-12-01 $575,000 (0.0%) $896,224 (2.2%) 1.98 761
2019-01-01 $591,750 (4.7%) $908,944 (4.6%) 2.04 659
2019-02-01 $599,250 (4.9%) $901,236 (2.5%) 2.02 627
2019-03-01 $576,529 (3.0%) $971,511 (9.8%) 1.89 626
2019-04-01 $552,479 (-3.9%) $964,196 (5.6%) 1.75 649
2019-05-01 $549,325 (-4.8%) $856,677 (-6.3%) 1.72 699
2019-06-01 $549,000 (-7.7%) $843,088 (-8.0%) 1.72 799
2019-07-01 $549,500 (-8.1%) $851,270 (-7.5%) 1.72 805
2019-08-01 $571,455 (-0.5%) $861,793 (-3.7%) 1.81 793
2019-09-01 $581,886 (2.4%) $863,087 (-3.6%) 1.86 775
2019-10-01 $589,000 (2.3%) $863,645 (-5.2%) 1.90 747
2019-11-01 $595,000 (3.5%) $890,405 (-2.5%) 1.95 662
2019-12-01 $620,000 (7.8%) $913,078 (1.9%) 2.07 600
2020-01-01 $623,725 (5.4%) $940,013 (3.4%) 2.08 517
2020-02-01 $625,000 (4.3%) $973,932 (8.1%) 2.05 464
2020-03-01 $616,750 (7.0%) $960,567 (-1.1%) 1.93 462
2020-04-01 $577,379 (4.5%) $921,505 (-4.4%) 1.81 511
2020-05-01 $598,500 (9.0%) $945,711 (10.4%) 1.82 518
2020-06-01 $622,000 (13.3%) $942,125 (11.8%) 1.83 544
2020-07-01 $637,000 (15.9%) $1,003,541 (17.9%) 1.85 555
2020-08-01 $639,000 (11.8%) $1,003,776 (16.5%) 1.83 554
2020-09-01 $675,000 (16.0%) $1,112,602 (28.9%) 1.93 508
2020-10-01 $677,000 (14.9%) $1,145,065 (32.6%) 1.94 479
2020-11-01 $656,750 (10.4%) $1,202,295 (35.0%) 1.92 437
2020-12-01 $659,225 (6.3%) $1,189,302 (30.3%) 1.96 401
2021-01-01 $645,000 (3.4%) $1,209,812 (28.7%) 1.93 339
2021-02-01 $612,000 (-2.1%) $1,236,697 (27.0%) 1.78 302
2021-03-01 $636,500 (3.2%) $1,332,028 (38.7%) 1.81 264
2021-04-01 $685,750 (18.8%) $1,381,954 (50.0%) 1.86 260
2021-05-01 $692,000 (15.6%) $1,326,373 (40.3%) 1.84 276
2021-06-01 $689,000 (10.8%) $1,279,045 (35.8%) 1.81 286
2021-07-01 $675,000 (6.0%) $1,276,725 (27.2%) 1.78 347
2021-08-01 $689,000 (7.8%) $1,274,457 (27.0%) 1.84 372
2021-09-01 $695,500 (3.0%) $1,322,506 (18.9%) 1.85 353
2021-10-01 $691,000 (2.1%) $1,368,468 (19.5%) 1.84 316
2021-11-01 $706,225 (7.5%) $1,499,424 (24.7%) 1.89 247
2021-12-01 $695,000 (5.4%) $1,514,168 (27.3%) 1.88 221
2022-01-01 $719,900 (11.6%) $1,604,392 (32.6%) 1.95 187
2022-02-01 $872,998 (42.7%) $1,751,586 (41.6%) 2.27 155
2022-03-01 $841,000 (32.1%) $1,745,104 (31.0%) 2.11 171
2022-04-01 $797,450 (16.3%) $1,670,391 (20.9%) 1.90 175
2022-05-01 $786,750 (13.7%) $1,529,732 (15.3%) 1.80 239
2022-06-01 $797,550 (15.8%) $1,460,637 (14.2%) 1.78 297
2022-07-01 $782,000 (15.9%) $1,408,114 (10.3%) 1.76 371
2022-08-01 $849,500 (23.3%) $1,491,494 (17.0%) 1.96 372
2022-09-01 $847,500 (21.9%) $1,459,176 (10.3%) 1.98 383
2022-10-01 $775,000 (12.2%) $1,421,887 (3.9%) 1.82 414
2022-11-01 $738,500 (4.6%) $1,394,531 (-7.0%) 1.78 428
2022-12-01 $767,615 (10.5%) $1,444,784 (-4.6%) 1.90 406
2023-01-01 $747,500 (3.8%) $1,437,995 (-10.4%) 1.85 356
2023-02-01 $739,975 (-15.2%) $1,450,682 (-17.2%) 1.79 342
2023-03-01 $756,500 (-10.1%) $1,507,545 (-13.6%) 1.78 323
2023-04-01 $779,750 (-2.2%) $1,500,215 (-10.2%) 1.81 330
2023-05-01 $907,000 (15.3%) $1,557,970 (1.9%) 2.06 346
2023-06-01 $985,000 (23.5%) $1,609,358 (10.2%) 2.21 363
2023-07-01 $969,950 (24.0%) $1,562,229 (10.9%) 2.20 408
2023-08-01 $886,000 (4.3%) $1,462,082 (-2.0%) 2.03 438
2023-09-01 $895,000 (5.6%) $1,435,884 (-1.6%) 2.08 469
2023-10-01 $850,000 (9.7%) $1,400,568 (-1.5%) 2.00 492
2023-11-01 $830,000 (12.4%) $1,393,275 (-0.1%) 1.98 505
2023-12-01 $822,500 (7.2%) $1,368,357 (-5.3%) 2.01 457
2024-01-01 $814,800 (9.0%) $1,345,703 (-6.4%) 1.99 394
2024-02-01 $799,450 (8.0%) $1,382,076 (-4.7%) 1.92 387
SANTA FE's median listing price for 2024-02-01 was $799,450, a difference of $59,475 (8.0%) versus the prior year and $-15,350 versus the prior month.

SANTA FE's median listing price comes in at 192% of the national average.

SANTA FE's average listing price for 2024-02-01 was $1,382,076, a difference of $-68,606 (-4.7%) versus the prior year and $36,373 versus the prior month.

For the 2024-02-01 period, SANTA FE had 387 MLS listings, a difference of -7 listings (-2%) versus the prior month and 45 listings (13%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - SANTA FE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 127 days 2,544 sqft
2018-02-01 116 days 2,562 sqft
2018-03-01 91 days 2,600 sqft
2018-04-01 67 days 2,600 sqft
2018-05-01 58 days 2,567 sqft
2018-06-01 57 days 2,560 sqft
2018-07-01 58 days 2,571 sqft
2018-08-01 62 days 2,550 sqft
2018-09-01 72 days 2,524 sqft
2018-10-01 81 days 2,539 sqft
2018-11-01 90 days 2,591 sqft
2018-12-01 99 days 2,550 sqft
2019-01-01 113 days 2,570 sqft
2019-02-01 109 days 2,541 sqft
2019-03-01 88 days 2,484 sqft
2019-04-01 72 days 2,465 sqft
2019-05-01 55 days 2,348 sqft
2019-06-01 56 days 2,350 sqft
2019-07-01 59 days 2,383 sqft
2019-08-01 67 days 2,452 sqft
2019-09-01 74 days 2,474 sqft
2019-10-01 78 days 2,496 sqft
2019-11-01 89 days 2,500 sqft
2019-12-01 100 days 2,551 sqft
2020-01-01 115 days 2,597 sqft
2020-02-01 113 days 2,605 sqft
2020-03-01 82 days 2,515 sqft
2020-04-01 72 days 2,368 sqft
2020-05-01 79 days 2,467 sqft
2020-06-01 75 days 2,497 sqft
2020-07-01 58 days 2,472 sqft
2020-08-01 61 days 2,498 sqft
2020-09-01 68 days 2,510 sqft
2020-10-01 72 days 2,556 sqft
2020-11-01 80 days 2,563 sqft
2020-12-01 90 days 2,469 sqft
2021-01-01 99 days 2,513 sqft
2021-02-01 105 days 2,340 sqft
2021-03-01 69 days 2,441 sqft
2021-04-01 44 days 2,566 sqft
2021-05-01 42 days 2,501 sqft
2021-06-01 46 days 2,499 sqft
2021-07-01 39 days 2,495 sqft
2021-08-01 46 days 2,495 sqft
2021-09-01 58 days 2,496 sqft
2021-10-01 65 days 2,560 sqft
2021-11-01 91 days 2,614 sqft
2021-12-01 90 days 2,687 sqft
2022-01-01 88 days 2,738 sqft
2022-02-01 99 days 2,813 sqft
2022-03-01 44 days 2,754 sqft
2022-04-01 39 days 2,688 sqft
2022-05-01 35 days 2,549 sqft
2022-06-01 34 days 2,481 sqft
2022-07-01 33 days 2,339 sqft
2022-08-01 50 days 2,460 sqft
2022-09-01 53 days 2,495 sqft
2022-10-01 56 days 2,388 sqft
2022-11-01 64 days 2,283 sqft
2022-12-01 73 days 2,380 sqft
2023-01-01 84 days 2,355 sqft
2023-02-01 82 days 2,328 sqft
2023-03-01 71 days 2,353 sqft
2023-04-01 67 days 2,337 sqft
2023-05-01 56 days 2,435 sqft
2023-06-01 55 days 2,564 sqft
2023-07-01 47 days 2,541 sqft
2023-08-01 54 days 2,428 sqft
2023-09-01 59 days 2,478 sqft
2023-10-01 61 days 2,399 sqft
2023-11-01 68 days 2,347 sqft
2023-12-01 73 days 2,295 sqft
2024-01-01 89 days 2,167 sqft
2024-02-01 94 days 2,191 sqft
SANTA FE's median listing age (time on market) for 2024-02-01 was 94 days. This is 15% longer than the same period one year ago.

SANTA FE's median square footage for active listings during the 2024-02-01 period was 2,191 sqft. One year prior, the average listing was 2,328 sqft.

SANTA FE, NM Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
87010 Santa Fe, NM MSA $970 $1,110 $1,270 $1,620 $1,800
87015 Santa Fe, NM MSA $890 $1,040 $1,220 $1,620 $1,860
87035 Santa Fe, NM MSA $760 $880 $1,010 $1,410 $1,690
87047 Santa Fe, NM MSA $1,110 $1,370 $1,660 $2,350 $2,820
87056 Santa Fe, NM MSA $950 $1,090 $1,250 $1,600 $1,780
87501 Santa Fe, NM MSA $1,140 $1,300 $1,490 $1,910 $2,120
87502 Santa Fe, NM MSA $950 $1,090 $1,250 $1,600 $1,780
87504 Santa Fe, NM MSA $950 $1,090 $1,250 $1,600 $1,780
87505 Santa Fe, NM MSA $990 $1,130 $1,300 $1,660 $1,850
87506 Santa Fe, NM MSA $870 $990 $1,140 $1,460 $1,620
87507 Santa Fe, NM MSA $920 $1,050 $1,210 $1,550 $1,720
87508 Santa Fe, NM MSA $1,200 $1,370 $1,570 $2,010 $2,230
87522 Santa Fe, NM MSA $950 $1,090 $1,250 $1,600 $1,780
87532 Santa Fe, NM MSA $760 $880 $1,010 $1,280 $1,560
87535 Santa Fe, NM MSA $950 $1,090 $1,250 $1,600 $1,780
87540 Santa Fe, NM MSA $1,180 $1,350 $1,550 $1,980 $2,200
87552 Santa Fe, NM MSA $950 $1,090 $1,250 $1,600 $1,780
87567 Santa Fe, NM MSA $760 $880 $1,010 $1,280 $1,560
87573 Santa Fe, NM MSA $950 $1,090 $1,250 $1,600 $1,780
87574 Santa Fe, NM MSA $990 $1,120 $1,290 $1,660 $1,840
87592 Santa Fe, NM MSA $950 $1,090 $1,250 $1,600 $1,780
87594 Santa Fe, NM MSA $950 $1,090 $1,250 $1,600 $1,780

2022 Average & Median Rent Data Statistics
SANTA FE, NM average 1BR rent: $1,104, median: $1,090
SANTA FE, NM average 2BR rent: $1,272, median: $1,250
SANTA FE, NM average 3BR rent: $1,645, median: $1,600

SANTA FE, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,385 $645,385,000 $465,982
Cash Out Refi 316 $75,460,000 $238,797
Home Improvement 241 $31,915,000 $132,427
Other 209 $33,205,000 $158,876
Refi 188 $119,210,000 $634,096

Santa Fe's most frequently cited loan purpose was Home Purchase, with 1,385 originations. The 2nd most popular reason was Cash Out Refi, with 316 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 838 $323,340,000 $385,847
7-8% 504 $201,290,000 $399,385
Over 8% 431 $78,215,000 $181,473
5-6% 420 $202,120,000 $481,238
4-5% 54 $24,730,000 $457,963
2.5-3% 18 $2,900,000 $161,111
3-4% 7 $2,715,000 $387,857
<2.5% 5 $40,045,000 $8,009,000

During 2023, Santa Fe's most frequently originated rate bucket was 6-7%, with 838 originations.

Loan Sizing (SANTA FE, NM MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 752 $224,610,000 $298,684
$400k-600k 460 $223,000,000 $484,783
$100,000 or less 426 $22,920,000 $53,803
$100k-200k 367 $51,875,000 $141,349
$600k-1000k 252 $185,550,000 $736,310
$Over $1MM 82 $197,220,000 $2,405,122

SANTA FE's loan sizing saw the bucket of loans from $200k-400k with 752 originations, totaling $224,610,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 667 $292,655,000 $438,763
60-80% 506 $275,290,000 $544,051
Under 20% 422 $33,770,000 $80,024
40-60% 329 $153,775,000 $467,401
20-40% 280 $58,590,000 $209,250
Over 100% 33 $54,965,000 $1,665,606

SANTA FE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 667 originations, totaling $292,655,000 in origination value.