Alamogordo Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Alamogordo averaged
7.23%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.16% and
one month ago for the week of 2025-05-15, the
average rate was 7.13%.
Alamogordo's average rate one year ago was 7.07%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.81%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Alamogordo 30 Year Fixed Rate | 2025-06-18 | 7.23% |
| Alamogordo 30 Year Fixed Rate Refi | 2025-06-18 | 6.81% |
| Alamogordo 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Alamogordo 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| Alamogordo 30 Year FHA | 2025-06-18 | -0.2% |
| Alamogordo 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Alamogordo 30 Year USDA | 2025-06-18 | 0.1% |
| Alamogordo 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Alamogordo 30 Year VA | 2025-06-18 | 0.01% |
| Alamogordo 30 Year VA Refi | 2025-06-18 | 0% |
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 66 lenders originated 1,031
loans during 2024. The total origination value was $206,795,000, with an average loan value of
$200,577.
Alamogordo's average closing costs are $5,518.
The top Alamogordo lender as defined by loan originations is QUICKEN LOANS, LLC, with
31 loans originated. Their average total fees are
$6,707, which is $360
higher than the next largest lender,
Gateway First Bank.
The lowest fee Alamogordo lenders (with over 10 loans originated) are
Gateway First Bank ($6,347), QUICKEN LOANS, LLC ($6,707), MID AMERICA MORTGAGE, INC. ($7,864), .
The lowest rate Alamogordo lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.80%), Gateway First Bank (6.87%), MID AMERICA MORTGAGE, INC. (6.88%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| MID AMERICA MORTGAGE, INC. | $21,005,000 | $27,170,000 | 29.4% | 13.1% |
| Gateway First Bank | $16,430,000 | $16,220,000 | -1.3% | 7.8% |
| Mortgage Research Center, LLC | $17,405,000 | $15,125,000 | -13.1% | 7.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,095,000 | $13,985,000 | 129.5% | 6.8% |
| QUICKEN LOANS, LLC | $8,300,000 | $13,845,000 | 66.8% | 6.7% |
| 21ST MORTGAGE CORPORATION | $4,900,000 | $7,365,000 | 50.3% | 3.6% |
| USAA Federal Savings Bank | $5,995,000 | $7,070,000 | 17.9% | 3.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,140,000 | $5,785,000 | 170.3% | 2.8% |
| NAVY FEDERAL CREDIT UNION | $4,690,000 | $5,170,000 | 10.2% | 2.5% |
| FREEDOM MORTGAGE CORPORATION | $1,325,000 | $4,700,000 | 254.7% | 2.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,675,000 | $4,410,000 | 64.9% | 2.1% |
| JMAC LENDING, INC. | $4,030,000 | n/a | 1.9% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $7,720,000 | $3,410,000 | -55.8% | 1.6% |
| Plains Commerce Bank | $3,030,000 | n/a | 1.5% | |
| NBKC BANK | $5,545,000 | $3,025,000 | -45.4% | 1.5% |
| CMG MORTGAGE, INC. | $7,515,000 | $2,920,000 | -61.1% | 1.4% |
| Equity Prime Mortgage LLC | $770,000 | $2,885,000 | 274.7% | 1.4% |
| Armed Forces Bank | $3,400,000 | $2,765,000 | -18.7% | 1.3% |
| Waterstone Mortgage Corporation | $2,785,000 | $2,630,000 | -5.6% | 1.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $440,000 | $2,405,000 | 446.6% | 1.2% |
| Sierra Pacific Mortgage Company, Inc. | $1,515,000 | $2,250,000 | 48.5% | 1.1% |
| BROKER SOLUTIONS, INC. | $1,040,000 | $2,210,000 | 112.5% | 1.1% |
| JPMorgan Chase Bank | $660,000 | $1,930,000 | 192.4% | 0.9% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,730,000 | $1,845,000 | 6.6% | 0.9% |
| Century Mortgage Company DBA Century Lending Company | $1,730,000 | n/a | 0.8% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,650,000 | n/a | 0.8% | |
| Flagstar Bank, FSB | $475,000 | $1,490,000 | 213.7% | 0.7% |
| GUILD MORTGAGE COMPANY | $520,000 | $1,430,000 | 175.0% | 0.7% |
| VILLAGE CAPITAL MORTGAGE | $210,000 | $1,245,000 | 492.9% | 0.6% |
| U.S. Bank | $575,000 | $1,230,000 | 113.9% | 0.6% |
| LENDINGONE, LLC | $735,000 | $1,205,000 | 63.9% | 0.6% |
| PLANET HOME LENDING, LLC | $605,000 | $1,195,000 | 97.5% | 0.6% |
| Sunflower Bank | $810,000 | $1,145,000 | 41.4% | 0.6% |
| First Federal Bank | $185,000 | $1,105,000 | 497.3% | 0.5% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,100,000 | n/a | 0.5% | |
| LOANPEOPLE, LLC | $970,000 | n/a | 0.5% | |
| LOANDEPOT.COM, LLC | $845,000 | $940,000 | 11.2% | 0.5% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $155,000 | $895,000 | 477.4% | 0.4% |
| Citizens Bank of Las Cruces | $95,000 | $880,000 | 826.3% | 0.4% |
| NUSENDA | $3,395,000 | $870,000 | -74.4% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $875,000 | $860,000 | -1.7% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $650,000 | $855,000 | 31.5% | 0.4% |
| PENTAGON FEDERAL CREDIT UNION | $1,760,000 | $845,000 | -52.0% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $115,000 | $830,000 | 621.7% | 0.4% |
| PNC Bank | $285,000 | $830,000 | 191.2% | 0.4% |
| First American Bank | $2,990,000 | $810,000 | -72.9% | 0.4% |
| The Federal Savings Bank | $335,000 | $735,000 | 119.4% | 0.4% |
| NEWREZ LLC | $320,000 | $730,000 | 128.1% | 0.4% |
| First National Bank Texas | $115,000 | $725,000 | 530.4% | 0.4% |
| Magnolia Bank | $795,000 | $705,000 | -11.3% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $465,000 | $690,000 | 48.4% | 0.3% |
| First Savings Bank | $310,000 | $625,000 | 101.6% | 0.3% |
| Carrington Mortgage Services, LLC | $480,000 | $615,000 | 28.1% | 0.3% |
| BELEM SERVICING LLC | $605,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $730,000 | $605,000 | -17.1% | 0.3% |
| CARDINAL FINANCIAL | $650,000 | $575,000 | -11.5% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | $545,000 | 275.9% | 0.3% |
| DIRECTORS MORTGAGE, INC. | $525,000 | n/a | 0.3% | |
| Stride Bank | $515,000 | n/a | 0.2% | |
| NexBank | $510,000 | n/a | 0.2% | |
| Wells Fargo Bank | $1,985,000 | $510,000 | -74.3% | 0.2% |
| City Bank | $250,000 | $490,000 | 96.0% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $490,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $480,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $1,350,000 | $480,000 | -64.4% | 0.2% |
| UNION HOME MORTGAGE CORP. | $500,000 | $475,000 | -5.0% | 0.2% |
| Farm Credit Mid-America, ACA | $465,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $455,000 | n/a | 0.2% | |
| MOUNTAIN AMERICA | $175,000 | $440,000 | 151.4% | 0.2% |
| Goldwater Bank, N.A. | $425,000 | n/a | 0.2% | |
| GECU | $760,000 | $415,000 | -45.4% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $410,000 | n/a | 0.2% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $395,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $390,000 | n/a | 0.2% | |
| Brighton Bank | $485,000 | $385,000 | -20.6% | 0.2% |
| The Central Trust Bank | $385,000 | n/a | 0.2% | |
| Commerce Home Mortgage, Inc. | $355,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $490,000 | $350,000 | -28.6% | 0.2% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $345,000 | n/a | 0.2% | |
| Nations Lending Corporation | $135,000 | $345,000 | 155.6% | 0.2% |
| LOANPAL, LLC | $610,000 | $340,000 | -44.3% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $335,000 | n/a | 0.2% | |
| Cornerstone First Mortgage, Inc | $295,000 | n/a | 0.1% | |
| SOUTHWEST FUNDING, LP | $285,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $805,000 | $260,000 | -67.7% | 0.1% |
| Citadel Servicing Corporation | $255,000 | n/a | 0.1% | |
| Quontic Bank | $255,000 | n/a | 0.1% | |
| SANDIA LABORATORY | $65,000 | $245,000 | 276.9% | 0.1% |
| SERVICE FIRST FEDERAL CREDIT UNION | $245,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $45,000 | $225,000 | 400.0% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $115,000 | $225,000 | 95.7% | 0.1% |
| Hometown Equity Mortgage, LLC | $215,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $205,000 | $215,000 | 4.9% | 0.1% |
| STAR ONE CREDIT UNION | $205,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $200,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $195,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $195,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $185,000 | n/a | 0.1% | |
| CANVAS CREDIT UNION | $185,000 | n/a | 0.1% | |
| Coastal Community Bank | $35,000 | $185,000 | 428.6% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $185,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $180,000 | n/a | 0.1% | |
| Pioneer Bank | $275,000 | $180,000 | -34.5% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $175,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $175,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $175,000 | n/a | 0.1% | |
| Axos Bank | $615,000 | $165,000 | -73.2% | 0.1% |
| Figure Lending LLC | $95,000 | $165,000 | 73.7% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $165,000 | n/a | 0.1% | |
| Ally Bank | $205,000 | $155,000 | -24.4% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $330,000 | $155,000 | -53.0% | 0.1% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $185,000 | $155,000 | -16.2% | 0.1% |
| Discover Bank | $145,000 | $150,000 | 3.4% | 0.1% |
| SUN AMERICAN MORTGAGE COMPANY | $145,000 | n/a | 0.1% | |
| BMO Harris Bank | $490,000 | $135,000 | -72.4% | 0.1% |
| LIMA ONE CAPITAL, LLC | $585,000 | $135,000 | -76.9% | 0.1% |
| BOKF | $265,000 | $130,000 | -50.9% | 0.1% |
| EL PASO AREA TEACHERS | $125,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $125,000 | n/a | 0.1% | |
| Bank of America | $1,150,000 | $105,000 | -90.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $215,000 | $105,000 | -51.2% | 0.1% |
| FirstLight Federal Credit Union | $75,000 | $85,000 | 13.3% | 0.0% |
| RIO GRANDE | $65,000 | n/a | 0.0% |
Alamogordo's top lender by overall market share is MID AMERICA MORTGAGE, INC., with 13.1% market share. In second place, with 7.8%, is Gateway First Bank, having originated $16,220,000 in loans. In third place, with 7.3%, is Mortgage Research Center, LLC, having originated $15,125,000 in loans. In fourth place, with 6.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $13,985,000 in loans. In fifth place, with 6.7%, is QUICKEN LOANS, LLC, having originated $13,845,000 in loans.
Alamogordo, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 753 | $158,715,000 | $210,777 |
| Cash Out Refi | 129 | $22,455,000 | $174,070 |
| Refi | 90 | $19,650,000 | $218,333 |
| Other | 42 | $3,980,000 | $94,762 |
| Home Improvement | 17 | $1,995,000 | $117,353 |
Alamogordo's most frequently cited loan purpose was Home Purchase, with 753 originations. The 2nd most popular reason was Cash Out Refi, with 129 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 436 | $99,190,000 | $227,500 |
| 5-6% | 195 | $48,815,000 | $250,333 |
| 7-8% | 176 | $33,350,000 | $189,489 |
| Over 8% | 168 | $17,150,000 | $102,083 |
| <2.5% | 28 | $2,210,000 | $78,929 |
| 4-5% | 7 | $1,745,000 | $249,286 |
| 3-4% | 5 | $1,615,000 | $323,000 |
| 2.5-3% | 5 | $1,385,000 | $277,000 |
During 2024, Alamogordo's most frequently originated rate bucket was 6-7%, with 436 originations.
Loan Sizing (Alamogordo, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 437 | $121,765,000 | $278,638 |
| $100k-200k | 353 | $53,875,000 | $152,620 |
| $100,000 or less | 196 | $9,690,000 | $49,439 |
| $400k-600k | 42 | $19,540,000 | $465,238 |
| $600k-1000k | 3 | $1,925,000 | $641,667 |
Alamogordo's loan sizing saw the bucket of loans from $200k-400k with 437 originations, totaling $121,765,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 545 | $125,745,000 | $230,725 |
| 60-80% | 168 | $32,260,000 | $192,024 |
| Over 100% | 93 | $25,485,000 | $274,032 |
| Under 20% | 82 | $1,270,000 | $15,488 |
| 40-60% | 61 | $9,565,000 | $156,803 |
| 20-40% | 37 | $3,375,000 | $91,216 |
Alamogordo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 545 originations, totaling $125,745,000 in origination value.