Alamogordo Mortgage Rates & Closing Costs

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alamogordo, NM.

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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 31 6.80% $6,707
Gateway First Bank 28 6.87% $6,347
MID AMERICA MORTGAGE, INC. 24 6.88% $7,864
UNITED WHOLESALE MORTGAGE, LLC 9 7.07% $5,673
JPMorgan Chase Bank 7 6.96% $5,917
USAA Federal Savings Bank 6 6.52% $4,189
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.37% $4,099
Sierra Pacific Mortgage Company, Inc. 5 7.48% $7,269
NAVY FEDERAL CREDIT UNION 5 6.68% $3,109
JMAC LENDING, INC. 5 6.58% $3,065
Wells Fargo Bank 4 6.81% $4,221
GUILD MORTGAGE COMPANY 4 7.09% $6,319
U.S. Bank 4 6.56% $5,911
HOMEOWNERS FINANCIAL GROUP USA, LLC 4 7.31% $7,378
Flagstar Bank, FSB 4 6.87% $3,909
PENNYMAC LOAN SERVICES, LLC 4 6.81% $6,899
BROKER SOLUTIONS, INC. 3 6.75% $9,357
HOMESIDE FINANCIAL, LLC 3 6.46% $2,889
21ST MORTGAGE CORPORATION 3 8.33% $5,816
CMG MORTGAGE, INC. 3 7.24% $5,833
VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.33% $5,793
City Bank 2 7.38% $7,453
AMERICAN FINANCIAL RESOURCES, INC. 2 6.94% $3,171
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.44% $6,305
CROSSCOUNTRY MORTGAGE, LLC 2 5.75% $9,427
DIRECTORS MORTGAGE, INC. 2 6.94% $7,785
LOANDEPOT.COM, LLC 2 6.81% $6,523
MOUNTAIN AMERICA 2 7.50% $5,046
NexBank 2 7.69% $7,112
NUSENDA 2 6.25% $4,187
Plains Commerce Bank 2 7.19% $5,251
Waterstone Mortgage Corporation 2 6.75% $7,228
Citizens Bank of Las Cruces 1 7.63% $18,753
Citadel Servicing Corporation 1 7.63% $8,841
Axos Bank 1 8.00% $4,312
LOANPAL, LLC 1 5.38% $0
MICHIGAN MUTUAL, INC. 1 6.88% $2,238
CHURCHILL MORTGAGE CORPORATION 1 6.99% $3,200
AMERISAVE MORTGAGE CORPORATION 1 7.38% $5,792
Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $7,203
Nations Lending Corporation 1 7.25% $4,024
Century Mortgage Company DBA Century Lending Company 1 7.13% $5,157
NBKC BANK 1 6.13% $3,084
NEWREZ LLC 1 7.25% $7,461
American Mortgage & Equity Consultants, Inc. 1 6.63% $5,866
NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.63% $4,876
ZILLOW HOME LOANS, LLC 1 6.63% $5,947
Carrington Mortgage Services, LLC 1 5.63% $5,827
Ally Bank 1 7.13% $2,034
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.38% $12,250
CANVAS CREDIT UNION 1 5.75% $3,471
Quontic Bank 1 8.13% $9,816
ROYAL UNITED MORTGAGE LLC 1 6.88% $7,404
SANDIA LABORATORY 1 6.38% $1,165
BMO Harris Bank 1 7.50% $5,022
STAR ONE CREDIT UNION 1 5.88% $6,139
Stride Bank 1 7.13% $14,794
SUN AMERICAN MORTGAGE COMPANY 1 7.13% $3,573
The Loan Store, Inc. 1 6.13% $1,927
BELEM SERVICING LLC 1 6.88% $5,936
FREEDOM MORTGAGE CORPORATION 1 8.50% $7,254
GECU 1 7.75% $3,545
GUARANTEED RATE AFFINITY, LLC 1 7.00% $3,991
First American Bank 1 7.38% $3,713
Farm Credit Mid-America, ACA 1 7.25% $7,328
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.63% $3,671

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.