Alamogordo Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Alamogordo averaged
6.39%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.19% and
one month ago for the week of 2024-09-05, the
average rate was 6.32%.
Alamogordo's average rate one year ago was 7.66%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Alamogordo 30 Year Fixed Rate | 2024-10-10 | 6.39% |
Alamogordo 30 Year Fixed Rate Refi | 2024-10-10 | 6.52% |
Alamogordo 15 Year Fixed Rate | 2024-10-10 | 5.21% |
Alamogordo 15 Year Fixed Rate Refi | 2024-10-10 | 5.71% |
Alamogordo 30 Year FHA | 2024-10-10 | 5.9% |
Alamogordo 30 Year FHA Refi | 2024-10-10 | 6.1% |
Alamogordo 30 Year USDA | 2024-10-10 | 6.28% |
Alamogordo 30 Year USDA Refi | 2024-10-10 | 6.28% |
Alamogordo 30 Year VA | 2024-10-10 | 5.75% |
Alamogordo 30 Year VA Refi | 2024-10-10 | 5.75% |
Alamogordo 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 Alamogordo, 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.).
Alamogordo Average Closing Costs & Other Stats
Alamogordo, NM's 60 lenders originated 859
loans during 2023. The total origination value was $171,115,000, with an average loan value of
$199,203.
Alamogordo's average closing costs are $5,283.
The top Alamogordo lender as defined by loan originations is Gateway First Bank, with
31 loans originated. Their average total fees are
$5,516, which is $1,680
lower than the next largest lender,
MID AMERICA MORTGAGE, INC..
The lowest fee Alamogordo lenders (with over 10 loans originated) are
Gateway First Bank ($5,516), QUICKEN LOANS, LLC ($5,821), UNITED WHOLESALE MORTGAGE, LLC ($6,092), MID AMERICA MORTGAGE, INC. ($7,197) and HOMEOWNERS FINANCIAL GROUP USA, LLC ($8,094).
The lowest rate Alamogordo lenders (with over 10 loans originated) are
MID AMERICA MORTGAGE, INC. (6.77%), Gateway First Bank (6.77%), QUICKEN LOANS, LLC (6.87%), UNITED WHOLESALE MORTGAGE, LLC (7.19%) and HOMEOWNERS FINANCIAL GROUP USA, LLC (7.22%).
Alamogordo, 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 |
---|---|---|---|---|
MID AMERICA MORTGAGE, INC. | $28,605,000 | $21,005,000 | -26.6% | 12.3% |
Mortgage Research Center, LLC | $19,310,000 | $17,405,000 | -9.9% | 10.2% |
Gateway First Bank | $23,165,000 | $16,430,000 | -29.1% | 9.6% |
QUICKEN LOANS, LLC | $12,670,000 | $8,300,000 | -34.5% | 4.9% |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $12,915,000 | $7,720,000 | -40.2% | 4.5% |
CMG MORTGAGE, INC. | $6,380,000 | $7,515,000 | 17.8% | 4.4% |
UNITED WHOLESALE MORTGAGE, LLC | $3,990,000 | $6,095,000 | 52.8% | 3.6% |
USAA Federal Savings Bank | $5,980,000 | $5,995,000 | 0.3% | 3.5% |
NBKC BANK | $7,540,000 | $5,545,000 | -26.5% | 3.2% |
21ST MORTGAGE CORPORATION | $4,380,000 | $4,900,000 | 11.9% | 2.9% |
NAVY FEDERAL CREDIT UNION | $7,565,000 | $4,690,000 | -38.0% | 2.7% |
Armed Forces Bank | $2,515,000 | $3,400,000 | 35.2% | 2.0% |
NUSENDA | $160,000 | $3,395,000 | 2,021.9% | 2.0% |
First American Bank | $1,745,000 | $2,990,000 | 71.3% | 1.7% |
Waterstone Mortgage Corporation | $1,580,000 | $2,785,000 | 76.3% | 1.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $555,000 | $2,675,000 | 382.0% | 1.6% |
PENNYMAC LOAN SERVICES, LLC | $3,825,000 | $2,140,000 | -44.1% | 1.3% |
Wells Fargo Bank | $6,395,000 | $1,985,000 | -69.0% | 1.2% |
First Savings Bank | $1,585,000 | $1,835,000 | 15.8% | 1.1% |
PENTAGON FEDERAL CREDIT UNION | $1,410,000 | $1,760,000 | 24.8% | 1.0% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $2,205,000 | $1,730,000 | -21.5% | 1.0% |
Sierra Pacific Mortgage Company, Inc. | $1,515,000 | n/a | 0.9% | |
NEW DAY FINANCIAL, LLC | $735,000 | $1,350,000 | 83.7% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $1,910,000 | $1,325,000 | -30.6% | 0.8% |
MANN FINANCIAL INC. | $2,650,000 | $1,185,000 | -55.3% | 0.7% |
Bank of America | $1,380,000 | $1,150,000 | -16.7% | 0.7% |
Washington Federal Bank | $2,450,000 | $1,100,000 | -55.1% | 0.6% |
BROKER SOLUTIONS, INC. | $2,690,000 | $1,040,000 | -61.3% | 0.6% |
WaterStone Bank, SSB | $965,000 | n/a | 0.6% | |
AMERISAVE MORTGAGE CORPORATION | $3,625,000 | $875,000 | -75.9% | 0.5% |
LOANDEPOT.COM, LLC | $3,815,000 | $845,000 | -77.9% | 0.5% |
Sunflower Bank | $685,000 | $810,000 | 18.2% | 0.5% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $910,000 | $805,000 | -11.5% | 0.5% |
Magnolia Bank | $400,000 | $795,000 | 98.8% | 0.5% |
Equity Prime Mortgage LLC | $185,000 | $770,000 | 316.2% | 0.4% |
GECU | $805,000 | $760,000 | -5.6% | 0.4% |
LENDINGONE, LLC | $185,000 | $735,000 | 297.3% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $360,000 | $730,000 | 102.8% | 0.4% |
BNC National Bank | $235,000 | $680,000 | 189.4% | 0.4% |
ACADEMY MORTGAGE CORPORATION | $540,000 | $670,000 | 24.1% | 0.4% |
JPMorgan Chase Bank | $1,015,000 | $660,000 | -35.0% | 0.4% |
CARDINAL FINANCIAL | $1,275,000 | $650,000 | -49.0% | 0.4% |
SOUTHWEST STAGE FUNDING, LLC | $225,000 | $650,000 | 188.9% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $645,000 | n/a | 0.4% | |
Axos Bank | $615,000 | n/a | 0.4% | |
Chicago Mortgage Solutions LLC | $435,000 | $615,000 | 41.4% | 0.4% |
LOANPAL, LLC | $1,845,000 | $610,000 | -66.9% | 0.4% |
PLANET HOME LENDING, LLC | $7,145,000 | $605,000 | -91.5% | 0.4% |
LIMA ONE CAPITAL, LLC | $105,000 | $585,000 | 457.1% | 0.3% |
Del Norte Credit Union | $580,000 | n/a | 0.3% | |
U.S. Bank | $650,000 | $575,000 | -11.5% | 0.3% |
AMCAP MORTGAGE, LTD. | $580,000 | $525,000 | -9.5% | 0.3% |
GUILD MORTGAGE COMPANY | $1,390,000 | $520,000 | -62.6% | 0.3% |
UNION HOME MORTGAGE CORP. | $285,000 | $500,000 | 75.4% | 0.3% |
BMO Harris Bank | $490,000 | n/a | 0.3% | |
GUARANTEED RATE, INC. | $2,040,000 | $490,000 | -76.0% | 0.3% |
Brighton Bank | $485,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $180,000 | $480,000 | 166.7% | 0.3% |
Flagstar Bank, FSB | $715,000 | $475,000 | -33.6% | 0.3% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,055,000 | $465,000 | -55.9% | 0.3% |
TRIAD FINANCIAL SERVICES, INC. | $460,000 | n/a | 0.3% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,925,000 | $440,000 | -77.1% | 0.3% |
MOVEMENT MORTGAGE, LLC | $285,000 | $380,000 | 33.3% | 0.2% |
The Federal Savings Bank | $215,000 | $335,000 | 55.8% | 0.2% |
HOMEXPRESS MORTGAGE CORP. | $330,000 | n/a | 0.2% | |
NEWREZ LLC | $310,000 | $320,000 | 3.2% | 0.2% |
Western Commerce Bank | $135,000 | $315,000 | 133.3% | 0.2% |
First Savings Bank | $1,585,000 | $310,000 | -80.4% | 0.2% |
AMERICAN FINANCIAL NETWORK, INC. | $285,000 | n/a | 0.2% | |
PNC Bank | $890,000 | $285,000 | -68.0% | 0.2% |
FIRST COMMUNITY MORTGAGE, INC. | $295,000 | $280,000 | -5.1% | 0.2% |
Pioneer Bank | $205,000 | $275,000 | 34.1% | 0.2% |
BOKF | $275,000 | $265,000 | -3.6% | 0.2% |
Citizens Bank | $135,000 | $265,000 | 96.3% | 0.2% |
HOMETRUST MORTGAGE COMPANY | $265,000 | n/a | 0.2% | |
GENISYS | $255,000 | n/a | 0.1% | |
VERITAS FUNDING, LLC | $255,000 | n/a | 0.1% | |
City Bank | $3,235,000 | $250,000 | -92.3% | 0.1% |
AMWEST FUNDING CORP. | $215,000 | $245,000 | 14.0% | 0.1% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $225,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $660,000 | $215,000 | -67.4% | 0.1% |
MORIA DEVELOPMENT, INC. | $210,000 | n/a | 0.1% | |
VILLAGE CAPITAL MORTGAGE | $735,000 | $210,000 | -71.4% | 0.1% |
Ally Bank | $245,000 | $205,000 | -16.3% | 0.1% |
Ameris Bank | $205,000 | n/a | 0.1% | |
TJC Mortgage, Inc. | $205,000 | n/a | 0.1% | |
Bank of England | $195,000 | n/a | 0.1% | |
AmeriHome Mortgage Company, LLC | $185,000 | n/a | 0.1% | |
City National Bank of Florida | $185,000 | n/a | 0.1% | |
First Federal Bank | $185,000 | n/a | 0.1% | |
NOVA FINANCIAL & INVESTMENT CORPORATION | $275,000 | $185,000 | -32.7% | 0.1% |
MOUNTAIN AMERICA | $110,000 | $175,000 | 59.1% | 0.1% |
LIBERTY HOME MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
Stifel Bank and Trust | $565,000 | $165,000 | -70.8% | 0.1% |
ALLIANT CREDIT UNION | $155,000 | n/a | 0.1% | |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $155,000 | n/a | 0.1% | |
POLARIS HOME FUNDING CORP. | $155,000 | n/a | 0.1% | |
V.I.P. MORTGAGE, INC. | $350,000 | $155,000 | -55.7% | 0.1% |
AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | n/a | 0.1% | |
Discover Bank | $90,000 | $145,000 | 61.1% | 0.1% |
Service Federal Credit Union | $75,000 | $145,000 | 93.3% | 0.1% |
Nations Lending Corporation | $275,000 | $135,000 | -50.9% | 0.1% |
MEMBER FIRST MORTGAGE, LLC | $125,000 | n/a | 0.1% | |
NFM, INC. | $125,000 | n/a | 0.1% | |
DRAPER AND KRAMER MORTGAGE CORP. | $115,000 | n/a | 0.1% | |
First National Bank Texas | $115,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $260,000 | $115,000 | -55.8% | 0.1% |
VAN DYK MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
DEEPHAVEN MORTGAGE LLC | $105,000 | n/a | 0.1% | |
Secured Investment Corp. | $410,000 | $105,000 | -74.4% | 0.1% |
Citizens Bank of Las Cruces | $1,580,000 | $95,000 | -94.0% | 0.1% |
Figure Lending LLC | $390,000 | $95,000 | -75.6% | 0.1% |
AMERICA FIRST | $75,000 | n/a | 0.0% | |
FirstLight Federal Credit Union | $95,000 | $75,000 | -21.1% | 0.0% |
NATIONWIDE MORTGAGE BANKERS, INC. | $75,000 | n/a | 0.0% | |
SANDIA LABORATORY | $65,000 | n/a | 0.0% | |
ROYAL UNITED MORTGAGE LLC | $85,000 | $45,000 | -47.1% | 0.0% |
Coastal Community Bank | $35,000 | n/a | 0.0% |
Alamogordo's top lender by overall market share is MID AMERICA MORTGAGE, INC., with 12.3% market share. In second place, with 10.2%, is Mortgage Research Center, LLC, having originated $17,405,000 in loans. In third place, with 9.6%, is Gateway First Bank, having originated $16,430,000 in loans. In fourth place, with 4.9%, is QUICKEN LOANS, LLC, having originated $8,300,000 in loans. In fifth place, with 4.5%, is HOMEOWNERS FINANCIAL GROUP USA, LLC, having originated $7,720,000 in loans.
Alamogordo Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Alamogordo (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 | $178,250 (11.7%) | $203,193 (7.9%) | 0.00 | 646 |
2018-02-01 | $179,375 (12.4%) | $204,550 (8.0%) | 0.00 | 636 |
2018-03-01 | $179,600 (12.3%) | $206,979 (5.6%) | 0.00 | 613 |
2018-04-01 | $183,250 (11.1%) | $209,998 (5.7%) | 0.00 | 602 |
2018-05-01 | $180,000 (9.1%) | $211,078 (6.6%) | 0.00 | 589 |
2018-06-01 | $177,000 (3.0%) | $213,520 (1.1%) | 0.00 | 578 |
2018-07-01 | $178,875 (4.2%) | $219,803 (2.7%) | 0.00 | 572 |
2018-08-01 | $179,700 (5.8%) | $223,910 (4.6%) | 0.00 | 569 |
2018-09-01 | $179,800 (5.8%) | $222,914 (4.1%) | 0.00 | 537 |
2018-10-01 | $179,250 (2.6%) | $223,419 (9.5%) | 0.00 | 506 |
2018-11-01 | $173,574 (-0.5%) | $221,456 (11.0%) | 0.00 | 473 |
2018-12-01 | $174,900 (0.5%) | $224,783 (13.4%) | 0.00 | 450 |
2019-01-01 | $182,450 (2.4%) | $230,514 (13.5%) | 0.00 | 425 |
2019-02-01 | $185,155 (3.2%) | $229,014 (12.0%) | 0.00 | 401 |
2019-03-01 | $190,106 (5.9%) | $228,638 (10.5%) | 0.00 | 404 |
2019-04-01 | $198,000 (8.1%) | $229,094 (9.1%) | 0.00 | 422 |
2019-05-01 | $198,000 (10.0%) | $229,142 (8.6%) | 0.00 | 445 |
2019-06-01 | $194,200 (9.7%) | $228,173 (6.9%) | 0.00 | 447 |
2019-07-01 | $189,950 (6.2%) | $227,316 (3.4%) | 0.00 | 447 |
2019-08-01 | $189,827 (5.6%) | $226,965 (1.4%) | 0.00 | 421 |
2019-09-01 | $189,643 (5.5%) | $224,988 (0.9%) | 0.00 | 410 |
2019-10-01 | $188,725 (5.3%) | $221,139 (-1.0%) | 0.00 | 398 |
2019-11-01 | $178,750 (3.0%) | $212,890 (-3.9%) | 0.00 | 389 |
2019-12-01 | $183,800 (5.1%) | $217,780 (-3.1%) | 0.00 | 367 |
2020-01-01 | $188,150 (3.1%) | $219,385 (-4.8%) | 0.00 | 359 |
2020-02-01 | $198,950 (7.5%) | $229,727 (0.3%) | 0.00 | 353 |
2020-03-01 | $197,375 (3.8%) | $229,001 (0.2%) | 0.00 | 329 |
2020-04-01 | $191,900 (-3.1%) | $224,013 (-2.2%) | 0.00 | 319 |
2020-05-01 | $198,500 (0.3%) | $231,280 (0.9%) | 0.00 | 281 |
2020-06-01 | $208,850 (7.5%) | $244,059 (7.0%) | 0.00 | 221 |
2020-07-01 | $216,200 (13.8%) | $245,058 (7.8%) | 0.00 | 198 |
2020-08-01 | $219,900 (15.8%) | $257,050 (13.3%) | 0.00 | 172 |
2020-09-01 | $219,225 (15.6%) | $258,885 (15.1%) | 0.00 | 178 |
2020-10-01 | $220,000 (16.6%) | $285,813 (29.3%) | 0.00 | 174 |
2020-11-01 | $215,625 (20.6%) | $277,890 (30.5%) | 0.00 | 163 |
2020-12-01 | $217,950 (18.6%) | $317,098 (45.6%) | 0.00 | 167 |
2021-01-01 | $209,450 (11.3%) | $309,082 (40.9%) | 0.00 | 164 |
2021-02-01 | $197,175 (-0.9%) | $303,038 (31.9%) | 0.00 | 138 |
2021-03-01 | $187,150 (-5.2%) | $309,051 (35.0%) | 0.00 | 123 |
2021-04-01 | $201,600 (5.1%) | $332,885 (48.6%) | 0.00 | 112 |
2021-05-01 | $229,850 (15.8%) | $351,157 (51.8%) | 0.00 | 115 |
2021-06-01 | $225,475 (8.0%) | $338,535 (38.7%) | 0.00 | 143 |
2021-07-01 | $239,700 (10.9%) | $355,242 (45.0%) | 0.00 | 149 |
2021-08-01 | $222,500 (1.2%) | $366,797 (42.7%) | 0.00 | 150 |
2021-09-01 | $213,625 (-2.6%) | $382,434 (47.7%) | 0.00 | 145 |
2021-10-01 | $239,250 (8.8%) | $397,242 (39.0%) | 0.00 | 136 |
2021-11-01 | $255,850 (18.7%) | $378,293 (36.1%) | 0.00 | 132 |
2021-12-01 | $267,250 (22.6%) | $414,254 (30.6%) | 0.00 | 119 |
2022-01-01 | $264,950 (26.5%) | $386,791 (25.1%) | 0.00 | 107 |
2022-02-01 | $267,375 (35.6%) | $371,089 (22.5%) | 0.00 | 87 |
2022-03-01 | $288,475 (54.1%) | $380,333 (23.1%) | 0.00 | 85 |
2022-04-01 | $269,000 (33.4%) | $416,193 (25.0%) | 0.00 | 98 |
2022-05-01 | $257,225 (11.9%) | $390,462 (11.2%) | 0.00 | 119 |
2022-06-01 | $266,250 (18.1%) | $378,214 (11.7%) | 0.00 | 134 |
2022-07-01 | $270,000 (12.6%) | $358,677 (1.0%) | 0.00 | 160 |
2022-08-01 | $273,450 (22.9%) | $365,389 (-0.4%) | 0.00 | 152 |
2022-09-01 | $286,000 (33.9%) | $372,690 (-2.6%) | 0.00 | 130 |
2022-10-01 | $284,500 (18.9%) | $375,021 (-5.6%) | 0.00 | 131 |
2022-11-01 | $299,500 (17.1%) | $394,317 (4.2%) | 0.00 | 133 |
2022-12-01 | $299,500 (12.1%) | $396,434 (-4.3%) | 0.00 | 135 |
2023-01-01 | $304,750 (15.0%) | $400,508 (3.6%) | 0.00 | 130 |
2023-02-01 | $316,635 (18.4%) | $415,975 (12.1%) | 0.00 | 114 |
2023-03-01 | $325,225 (12.7%) | $413,678 (8.8%) | 0.00 | 112 |
2023-04-01 | $299,700 (11.4%) | $391,887 (-5.8%) | 0.00 | 119 |
2023-05-01 | $297,075 (15.5%) | $371,935 (-4.7%) | 0.00 | 135 |
2023-06-01 | $334,725 (25.7%) | $405,377 (7.2%) | 0.00 | 137 |
2023-07-01 | $319,350 (18.3%) | $386,561 (7.8%) | 0.00 | 148 |
2023-08-01 | $335,750 (22.8%) | $401,771 (10.0%) | 0.00 | 142 |
2023-09-01 | $319,600 (11.8%) | $392,861 (5.4%) | 0.00 | 153 |
2023-10-01 | $315,000 (10.7%) | $392,120 (4.6%) | 0.00 | 166 |
2023-11-01 | $299,600 (0.0%) | $388,351 (-1.5%) | 0.00 | 173 |
2023-12-01 | $299,000 (-0.2%) | $394,834 (-0.4%) | 0.00 | 182 |
2024-01-01 | $293,450 (-3.7%) | $391,045 (-2.4%) | 0.00 | 174 |
2024-02-01 | $295,650 (-6.6%) | $380,322 (-8.6%) | 0.00 | 180 |
2024-03-01 | $329,720 (1.4%) | $393,278 (-4.9%) | 0.00 | 175 |
2024-04-01 | $328,000 (9.4%) | $400,364 (2.2%) | 0.00 | 177 |
2024-05-01 | $320,008 (7.7%) | $375,990 (1.1%) | 0.00 | 195 |
2024-06-01 | $315,000 (-5.9%) | $381,128 (-6.0%) | 0.00 | 241 |
2024-07-01 | $304,475 (-4.7%) | $378,620 (-2.1%) | 0.00 | 240 |
2024-08-01 | $315,500 (-6.0%) | $383,942 (-4.4%) | 0.00 | 251 |
2024-09-01 | $306,250 (-4.2%) | $394,502 (0.4%) | 0.00 | 244 |
Alamogordo's median listing price comes in at 0% of the national average.
Alamogordo's average listing price for 2024-09-01 was $394,502, a difference of $1,641 (0.4%) versus the prior year and $10,560 versus the prior month.
For the 2024-09-01 period, Alamogordo had 244 MLS listings, a difference of -7 listings (-3%) versus the prior month and 91 listings (59%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Alamogordo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,752 sqft |
2018-02-01 | 0 days | 1,750 sqft |
2018-03-01 | 0 days | 1,757 sqft |
2018-04-01 | 0 days | 1,782 sqft |
2018-05-01 | 0 days | 1,793 sqft |
2018-06-01 | 0 days | 1,775 sqft |
2018-07-01 | 0 days | 1,794 sqft |
2018-08-01 | 0 days | 1,812 sqft |
2018-09-01 | 0 days | 1,816 sqft |
2018-10-01 | 0 days | 1,818 sqft |
2018-11-01 | 0 days | 1,814 sqft |
2018-12-01 | 0 days | 1,820 sqft |
2019-01-01 | 0 days | 1,829 sqft |
2019-02-01 | 0 days | 1,840 sqft |
2019-03-01 | 0 days | 1,842 sqft |
2019-04-01 | 0 days | 1,858 sqft |
2019-05-01 | 0 days | 1,851 sqft |
2019-06-01 | 0 days | 1,844 sqft |
2019-07-01 | 0 days | 1,825 sqft |
2019-08-01 | 0 days | 1,818 sqft |
2019-09-01 | 0 days | 1,805 sqft |
2019-10-01 | 0 days | 1,792 sqft |
2019-11-01 | 0 days | 1,777 sqft |
2019-12-01 | 0 days | 1,803 sqft |
2020-01-01 | 0 days | 1,816 sqft |
2020-02-01 | 0 days | 1,853 sqft |
2020-03-01 | 0 days | 1,811 sqft |
2020-04-01 | 0 days | 1,801 sqft |
2020-05-01 | 0 days | 1,800 sqft |
2020-06-01 | 0 days | 1,827 sqft |
2020-07-01 | 0 days | 1,826 sqft |
2020-08-01 | 0 days | 1,875 sqft |
2020-09-01 | 0 days | 1,808 sqft |
2020-10-01 | 0 days | 1,803 sqft |
2020-11-01 | 0 days | 1,785 sqft |
2020-12-01 | 0 days | 1,780 sqft |
2021-01-01 | 0 days | 1,776 sqft |
2021-02-01 | 0 days | 1,767 sqft |
2021-03-01 | 0 days | 1,693 sqft |
2021-04-01 | 0 days | 1,778 sqft |
2021-05-01 | 0 days | 1,936 sqft |
2021-06-01 | 0 days | 1,871 sqft |
2021-07-01 | 0 days | 1,819 sqft |
2021-08-01 | 0 days | 1,786 sqft |
2021-09-01 | 0 days | 1,750 sqft |
2021-10-01 | 0 days | 1,860 sqft |
2021-11-01 | 0 days | 1,794 sqft |
2021-12-01 | 0 days | 1,901 sqft |
2022-01-01 | 0 days | 1,809 sqft |
2022-02-01 | 0 days | 1,801 sqft |
2022-03-01 | 0 days | 1,946 sqft |
2022-04-01 | 0 days | 1,942 sqft |
2022-05-01 | 0 days | 1,824 sqft |
2022-06-01 | 0 days | 1,818 sqft |
2022-07-01 | 0 days | 1,822 sqft |
2022-08-01 | 0 days | 1,854 sqft |
2022-09-01 | 0 days | 1,882 sqft |
2022-10-01 | 0 days | 1,900 sqft |
2022-11-01 | 0 days | 2,005 sqft |
2022-12-01 | 0 days | 2,008 sqft |
2023-01-01 | 0 days | 1,986 sqft |
2023-02-01 | 0 days | 2,019 sqft |
2023-03-01 | 0 days | 1,991 sqft |
2023-04-01 | 0 days | 1,945 sqft |
2023-05-01 | 0 days | 1,865 sqft |
2023-06-01 | 0 days | 1,951 sqft |
2023-07-01 | 0 days | 1,940 sqft |
2023-08-01 | 0 days | 1,971 sqft |
2023-09-01 | 0 days | 1,936 sqft |
2023-10-01 | 0 days | 1,915 sqft |
2023-11-01 | 0 days | 1,900 sqft |
2023-12-01 | 0 days | 1,895 sqft |
2024-01-01 | 0 days | 1,912 sqft |
2024-02-01 | 0 days | 1,907 sqft |
2024-03-01 | 0 days | 1,921 sqft |
2024-04-01 | 0 days | 1,906 sqft |
2024-05-01 | 0 days | 1,871 sqft |
2024-06-01 | 0 days | 1,853 sqft |
2024-07-01 | 0 days | 1,839 sqft |
2024-08-01 | 0 days | 1,848 sqft |
2024-09-01 | 0 days | 1,860 sqft |
Alamogordo's median square footage for active listings during the 2024-09-01 period was 1,860 sqft. One year prior, the average listing was 1,936 sqft.
Alamogordo, NM Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 698 | $147,300,000 | $211,032 |
Cash Out Refi | 89 | $14,055,000 | $157,921 |
Refi | 29 | $4,695,000 | $161,897 |
Other | 27 | $2,985,000 | $110,556 |
Home Improvement | 16 | $2,080,000 | $130,000 |
Alamogordo's most frequently cited loan purpose was Home Purchase, with 698 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 349 | $75,635,000 | $216,719 |
7-8% | 173 | $32,245,000 | $186,387 |
5-6% | 170 | $41,290,000 | $242,882 |
Over 8% | 137 | $14,085,000 | $102,810 |
4-5% | 8 | $2,280,000 | $285,000 |
3-4% | 3 | $575,000 | $191,667 |
2.5-3% | 2 | $260,000 | $130,000 |
<2.5% | 2 | $710,000 | $355,000 |
During 2023, Alamogordo's most frequently originated rate bucket was 6-7%, with 349 originations.
Loan Sizing (Alamogordo, NM MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 368 | $55,840,000 | $151,739 |
$200k-400k | 306 | $84,460,000 | $276,013 |
$100,000 or less | 149 | $8,155,000 | $54,732 |
$400k-600k | 23 | $10,445,000 | $454,130 |
$600k-1000k | 10 | $7,270,000 | $727,000 |
$Over $1MM | 3 | $4,945,000 | $1,648,333 |
Alamogordo's loan sizing saw the bucket of loans from $100k-200k with 368 originations, totaling $55,840,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 473 | $101,705,000 | $215,021 |
60-80% | 129 | $25,855,000 | $200,426 |
Over 100% | 95 | $26,165,000 | $275,421 |
40-60% | 61 | $8,685,000 | $142,377 |
Under 20% | 55 | $1,195,000 | $21,727 |
20-40% | 28 | $2,890,000 | $103,214 |
Alamogordo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 473 originations, totaling $101,705,000 in origination value.