Clovis Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Clovis averaged 6.84% for the week of 2025-02-13, compared to the national average of 6.87% for the same period.

    The average rate for the prior week (2025-02-06) was 6.66% and one month ago for the week of 2025-01-09, the average rate was 6.9%.

    Clovis's average rate one year ago was 6.31%.

    For refis of the same type during the week of 2025-02-13, the average rate was 6.87%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-02-13 6.87%
    Clovis 30 Year Fixed Rate 2025-02-13 6.84%
    Clovis 30 Year Fixed Rate Refi 2025-02-13 6.87%
    Clovis 15 Year Fixed Rate 2025-02-13 6.19%
    Clovis 15 Year Fixed Rate Refi 2025-02-13 5.99%
    Clovis 30 Year FHA 2025-02-13 5.91%
    Clovis 30 Year FHA Refi 2025-02-13 6.42%
    Clovis 30 Year USDA 2025-02-13 6.43%
    Clovis 30 Year USDA Refi 2025-02-13 6.63%
    Clovis 30 Year VA 2025-02-13 6.06%
    Clovis 30 Year VA Refi 2025-02-13 6.63%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Clovis, NM.

    Clovis 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 Clovis, 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
    PRIMARY RESIDENTIAL MORTGAGE, INC. 33 6.78% $5,008
    Bell Bank 14 6.77% $4,603
    QUICKEN LOANS, LLC 11 6.64% $5,457
    UNITED WHOLESALE MORTGAGE, LLC 8 6.78% $5,154
    Plains Commerce Bank 6 7.04% $5,545
    NBKC BANK 6 6.75% $2,216
    PENTAGON FEDERAL CREDIT UNION 3 6.00% $2,858
    TEXAS TECH 3 6.58% $12,569
    Sierra Pacific Mortgage Company, Inc. 2 6.75% $5,566
    USAA Federal Savings Bank 2 6.44% $3,099
    JPMorgan Chase Bank 2 6.94% $2,913
    Wells Fargo Bank 2 6.75% $1,348
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $7,378
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.00% $7,293
    21ST MORTGAGE CORPORATION 1 9.04% $6,777
    Neighborhood Loans, Inc. 1 7.13% $3,683
    Prosperity Home Mortgage, LLC 1 6.50% $6,339
    SANDIA LABORATORY 1 5.75% $3,087
    Servion, Inc. 1 6.13% $5,121
    Sunflower Bank 1 7.25% $7,579
    U.S. Bank 1 7.75% $5,375
    NAVY FEDERAL CREDIT UNION 1 8.63% $4,149
    Access Community Credit Union 1 8.50% $4,185
    Ally Bank 1 7.00% $7,164
    AMERISAVE MORTGAGE CORPORATION 1 7.25% $9,735
    Armed Forces Bank 1 5.63% $2,520
    BNC National Bank 1 6.38% $2,295
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $4,588
    First American Bank 1 6.13% $3,104
    First Financial Credit Union 1 6.13% $4,251
    GUARANTEED RATE, INC. 1 6.60% $3,320
    GUILD MORTGAGE COMPANY 1 6.75% $1,970
    MOVEMENT MORTGAGE, LLC 1 7.31% $6,115

    Clovis Average Closing Costs & Other Stats

    Clovis, NM's 33 lenders originated 652 loans during 2023. The total origination value was $127,770,000, with an average loan value of $195,966.

    Clovis's average closing costs are $5,287.

    The top Clovis lender as defined by loan originations is PRIMARY RESIDENTIAL MORTGAGE, INC., with 33 loans originated. Their average total fees are $5,008, which is $405 higher than the next largest lender, Bell Bank.

    The lowest fee Clovis lenders (with over 10 loans originated) are Bell Bank ($4,603), PRIMARY RESIDENTIAL MORTGAGE, INC. ($5,008), QUICKEN LOANS, LLC ($5,457), .

    The lowest rate Clovis lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.64%), Bell Bank (6.77%), PRIMARY RESIDENTIAL MORTGAGE, INC. (6.78%), .

    Clovis, 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
    PRIMARY RESIDENTIAL MORTGAGE, INC. $35,585,000 $24,840,000 -30.2% 19.4%
    Mortgage Research Center, LLC $25,840,000 $13,835,000 -46.5% 10.8%
    Bell Bank $27,625,000 $10,800,000 -60.9% 8.5%
    NBKC BANK $6,145,000 $10,330,000 68.1% 8.1%
    UNITED WHOLESALE MORTGAGE, LLC $11,545,000 $9,070,000 -21.4% 7.1%
    NAVY FEDERAL CREDIT UNION $8,085,000 $7,120,000 -11.9% 5.6%
    QUICKEN LOANS, LLC $12,120,000 $4,715,000 -61.1% 3.7%
    GUARANTEED RATE, INC. $2,840,000 $4,465,000 57.2% 3.5%
    PENTAGON FEDERAL CREDIT UNION $960,000 $2,890,000 201.0% 2.3%
    TEXAS TECH $2,710,000 n/a 2.1%
    Plains Commerce Bank $730,000 $2,570,000 252.1% 2.0%
    Armed Forces Bank $4,415,000 $2,565,000 -41.9% 2.0%
    USAA Federal Savings Bank $12,120,000 $2,275,000 -81.2% 1.8%
    PENNYMAC LOAN SERVICES, LLC $4,035,000 $2,070,000 -48.7% 1.6%
    Prosperity Home Mortgage, LLC $975,000 $1,170,000 20.0% 0.9%
    Paramount Bank $1,160,000 n/a 0.9%
    CMG MORTGAGE, INC. $2,200,000 $1,155,000 -47.5% 0.9%
    CARDINAL FINANCIAL $705,000 $1,150,000 63.1% 0.9%
    Wells Fargo Bank $1,925,000 $1,040,000 -46.0% 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $1,810,000 $885,000 -51.1% 0.7%
    FREEDOM MORTGAGE CORPORATION $1,625,000 $845,000 -48.0% 0.7%
    21ST MORTGAGE CORPORATION $670,000 $840,000 25.4% 0.7%
    BROKER SOLUTIONS, INC. $1,150,000 $795,000 -30.9% 0.6%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $365,000 $755,000 106.8% 0.6%
    Sierra Pacific Mortgage Company, Inc. $745,000 n/a 0.6%
    GUILD MORTGAGE COMPANY $140,000 $585,000 317.9% 0.5%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $215,000 $580,000 169.8% 0.5%
    NEWREZ LLC $685,000 $570,000 -16.8% 0.4%
    PREMIA MORTGAGE, LLC $550,000 n/a 0.4%
    LOANDEPOT.COM, LLC $2,685,000 $545,000 -79.7% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $530,000 $510,000 -3.8% 0.4%
    Access Community Credit Union $460,000 $505,000 9.8% 0.4%
    Amarillo National Bank $500,000 n/a 0.4%
    RIO GRANDE $500,000 n/a 0.4%
    BNC National Bank $470,000 n/a 0.4%
    JPMorgan Chase Bank $660,000 $460,000 -30.3% 0.4%
    First Federal Bank $360,000 $430,000 19.4% 0.3%
    MOVEMENT MORTGAGE, LLC $1,960,000 $350,000 -82.1% 0.3%
    INTERCAP LENDING INC. $345,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $340,000 n/a 0.3%
    Meridian Bank Corporation $335,000 n/a 0.3%
    First American Bank $235,000 $325,000 38.3% 0.3%
    The Huntington National Bank $235,000 $325,000 38.3% 0.3%
    Servion, Inc. $315,000 n/a 0.2%
    Brighton Bank $305,000 n/a 0.2%
    Bank of England $285,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $1,005,000 $275,000 -72.6% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $665,000 $265,000 -60.2% 0.2%
    U.S. Bank $1,675,000 $260,000 -84.5% 0.2%
    Magnolia Bank $255,000 n/a 0.2%
    Equity Prime Mortgage LLC $245,000 n/a 0.2%
    First Financial Bank $245,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $235,000 n/a 0.2%
    Sunflower Bank $235,000 n/a 0.2%
    Capital Bank $225,000 n/a 0.2%
    CLEARPATH LENDING $225,000 n/a 0.2%
    Carrington Mortgage Services, LLC $675,000 $220,000 -67.4% 0.2%
    SANDIA LABORATORY $220,000 n/a 0.2%
    T2 FINANCIAL LLC $215,000 n/a 0.2%
    Century Mortgage Company DBA Century Lending Company $235,000 $205,000 -12.8% 0.2%
    CHURCHILL MORTGAGE CORPORATION $470,000 $205,000 -56.4% 0.2%
    SECURITYNATIONAL MORTGAGE COMPANY $390,000 $205,000 -47.4% 0.2%
    Flagstar Bank, FSB $720,000 $200,000 -72.2% 0.2%
    AMERISAVE MORTGAGE CORPORATION $325,000 $195,000 -40.0% 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $190,000 n/a 0.1%
    Ally Bank $185,000 n/a 0.1%
    Ameris Bank $185,000 n/a 0.1%
    Washington Federal Bank $345,000 $185,000 -46.4% 0.1%
    Loan Simple, Inc. $5,000 $145,000 2,800.0% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $145,000 n/a 0.1%
    AMERICA FIRST $135,000 n/a 0.1%
    MANN FINANCIAL INC. $135,000 n/a 0.1%
    Discover Bank $130,000 n/a 0.1%
    ACADEMY MORTGAGE CORPORATION $100,000 $125,000 25.0% 0.1%
    DIRECTORS MORTGAGE, INC. $120,000 $125,000 4.2% 0.1%
    MOUNTAIN AMERICA $125,000 n/a 0.1%
    Secured Investment Corp. $125,000 n/a 0.1%
    PNC Bank $55,000 $115,000 109.1% 0.1%
    Bank of America $525,000 $105,000 -80.0% 0.1%
    ROYAL UNITED MORTGAGE LLC $75,000 $105,000 40.0% 0.1%
    Western Commerce Bank $235,000 $105,000 -55.3% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $360,000 $95,000 -73.6% 0.1%
    BETTER MORTGAGE CORPORATION $410,000 $85,000 -79.3% 0.1%
    First Financial Credit Union $85,000 n/a 0.1%
    DAS Acquisition Company, LLC $75,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.1%
    Neighborhood Loans, Inc. $75,000 n/a 0.1%
    NUSENDA $5,150,000 $70,000 -98.6% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $65,000 n/a 0.1%
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $65,000 n/a 0.1%
    Truist $65,000 n/a 0.1%
    Coastal Community Bank $55,000 n/a 0.0%

    Clovis's top lender by overall market share is PRIMARY RESIDENTIAL MORTGAGE, INC., with 19.4% market share. In second place, with 10.8%, is Mortgage Research Center, LLC, having originated $13,835,000 in loans. In third place, with 8.5%, is Bell Bank, having originated $10,800,000 in loans. In fourth place, with 8.1%, is NBKC BANK, having originated $10,330,000 in loans. In fifth place, with 7.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $9,070,000 in loans.

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

    Realtor.com - Clovis (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 $169,500 (9.4%) $180,706 (6.3%) 0.00 433
    2018-02-01 $169,900 (6.2%) $186,847 (8.4%) 0.00 423
    2018-03-01 $169,900 (3.3%) $183,081 (4.1%) 0.00 432
    2018-04-01 $172,450 (4.8%) $188,683 (6.4%) 0.00 421
    2018-05-01 $173,750 (5.3%) $188,160 (5.3%) 0.00 427
    2018-06-01 $174,000 (5.7%) $188,419 (5.7%) 0.00 455
    2018-07-01 $173,425 (5.1%) $188,070 (5.3%) 0.00 478
    2018-08-01 $173,000 (4.8%) $185,638 (4.0%) 0.00 482
    2018-09-01 $170,700 (1.3%) $185,940 (3.2%) 0.00 461
    2018-10-01 $170,350 (0.6%) $185,276 (2.8%) 0.00 433
    2018-11-01 $169,000 (0.5%) $184,723 (2.1%) 0.00 411
    2018-12-01 $169,000 (2.4%) $181,636 (1.0%) 0.00 385
    2019-01-01 $162,013 (-4.4%) $179,353 (-0.8%) 0.00 364
    2019-02-01 $162,500 (-4.4%) $180,771 (-3.3%) 0.00 361
    2019-03-01 $169,043 (-0.5%) $241,391 (31.9%) 0.00 362
    2019-04-01 $168,043 (-2.6%) $241,661 (28.1%) 0.00 365
    2019-05-01 $169,000 (-2.7%) $184,585 (-1.9%) 0.00 362
    2019-06-01 $169,500 (-2.6%) $185,327 (-1.6%) 0.00 372
    2019-07-01 $169,950 (-2.0%) $188,061 (0.0%) 0.00 363
    2019-08-01 $173,364 (0.2%) $188,067 (1.3%) 0.00 362
    2019-09-01 $170,909 (0.1%) $185,301 (-0.3%) 0.00 365
    2019-10-01 $166,950 (-2.0%) $180,476 (-2.6%) 0.00 363
    2019-11-01 $159,950 (-5.4%) $172,221 (-6.8%) 0.00 344
    2019-12-01 $158,000 (-6.5%) $170,649 (-6.1%) 0.00 332
    2020-01-01 $157,000 (-3.1%) $169,166 (-5.7%) 0.00 308
    2020-02-01 $158,500 (-2.5%) $170,573 (-5.6%) 0.00 306
    2020-03-01 $157,500 (-6.8%) $171,338 (-29.0%) 0.00 313
    2020-04-01 $155,000 (-7.8%) $166,972 (-30.9%) 0.00 315
    2020-05-01 $155,000 (-8.3%) $169,163 (-8.4%) 0.00 288
    2020-06-01 $160,425 (-5.4%) $170,661 (-7.9%) 0.00 260
    2020-07-01 $163,700 (-3.7%) $171,476 (-8.8%) 0.00 259
    2020-08-01 $169,900 (-2.0%) $177,098 (-5.8%) 0.00 248
    2020-09-01 $169,900 (-0.6%) $178,140 (-3.9%) 0.00 223
    2020-10-01 $169,950 (1.8%) $183,484 (1.7%) 0.00 218
    2020-11-01 $171,850 (7.4%) $181,775 (5.6%) 0.00 225
    2020-12-01 $172,000 (8.9%) $180,592 (5.8%) 0.00 225
    2021-01-01 $169,900 (8.2%) $179,292 (6.0%) 0.00 225
    2021-02-01 $171,975 (8.5%) $183,102 (7.4%) 0.00 231
    2021-03-01 $164,750 (4.6%) $177,470 (3.6%) 0.00 215
    2021-04-01 $160,375 (3.5%) $178,377 (6.8%) 0.00 193
    2021-05-01 $164,950 (6.4%) $181,570 (7.3%) 0.00 171
    2021-06-01 $169,450 (5.6%) $189,904 (11.3%) 0.00 174
    2021-07-01 $169,450 (3.5%) $190,305 (11.0%) 0.00 158
    2021-08-01 $170,950 (0.6%) $195,060 (10.1%) 0.00 154
    2021-09-01 $181,750 (7.0%) $199,743 (12.1%) 0.00 151
    2021-10-01 $179,900 (5.9%) $204,614 (11.5%) 0.00 150
    2021-11-01 $175,000 (1.8%) $201,424 (10.8%) 0.00 163
    2021-12-01 $174,700 (1.6%) $202,745 (12.3%) 0.00 140
    2022-01-01 $175,000 (3.0%) $222,541 (24.1%) 0.00 101
    2022-02-01 $192,250 (11.8%) $236,734 (29.3%) 0.00 102
    2022-03-01 $190,000 (15.3%) $235,014 (32.4%) 0.00 99
    2022-04-01 $210,000 (30.9%) $239,212 (34.1%) 0.00 96
    2022-05-01 $210,000 (27.3%) $232,386 (28.0%) 0.00 143
    2022-06-01 $212,475 (25.4%) $231,522 (21.9%) 0.00 146
    2022-07-01 $219,900 (29.8%) $240,236 (26.2%) 0.00 152
    2022-08-01 $218,250 (27.7%) $244,628 (25.4%) 0.00 165
    2022-09-01 $209,500 (15.3%) $241,108 (20.7%) 0.00 154
    2022-10-01 $227,000 (26.2%) $252,077 (23.2%) 0.00 152
    2022-11-01 $232,500 (32.9%) $254,333 (26.3%) 0.00 165
    2022-12-01 $235,000 (34.5%) $252,757 (24.7%) 0.00 169
    2023-01-01 $235,000 (34.3%) $253,773 (14.0%) 0.00 154
    2023-02-01 $228,000 (18.6%) $253,234 (7.0%) 0.00 140
    2023-03-01 $222,500 (17.1%) $257,202 (9.4%) 0.00 142
    2023-04-01 $220,000 (4.8%) $252,183 (5.4%) 0.00 145
    2023-05-01 $220,963 (5.2%) $246,326 (6.0%) 0.00 155
    2023-06-01 $243,875 (14.8%) $257,396 (11.2%) 0.00 147
    2023-07-01 $236,450 (7.5%) $253,698 (5.6%) 0.00 158
    2023-08-01 $239,200 (9.6%) $255,464 (4.4%) 0.00 160
    2023-09-01 $227,000 (8.4%) $259,372 (7.6%) 0.00 183
    2023-10-01 $230,000 (1.3%) $251,892 (-0.1%) 0.00 202
    2023-11-01 $236,225 (1.6%) $248,019 (-2.5%) 0.00 218
    2023-12-01 $230,000 (-2.1%) $243,628 (-3.6%) 0.00 211
    2024-01-01 $232,225 (-1.2%) $242,886 (-4.3%) 0.00 198
    2024-02-01 $240,000 (5.3%) $246,682 (-2.6%) 0.00 189
    2024-03-01 $240,000 (7.9%) $248,575 (-3.4%) 0.00 205
    2024-04-01 $237,775 (8.1%) $245,505 (-2.7%) 0.00 232
    2024-05-01 $239,500 (8.4%) $247,795 (0.6%) 0.00 236
    2024-06-01 $225,000 (-7.7%) $240,921 (-6.4%) 0.00 245
    2024-07-01 $225,000 (-4.8%) $243,253 (-4.1%) 0.00 252
    2024-08-01 $225,000 (-5.9%) $241,105 (-5.6%) 0.00 264
    2024-09-01 $225,000 (-0.9%) $238,912 (-7.9%) 0.00 257
    2024-10-01 $221,975 (-3.5%) $241,485 (-4.1%) 0.00 265
    2024-11-01 $225,000 (-4.8%) $243,629 (-1.8%) 0.00 280
    2024-12-01 $219,500 (-4.6%) $241,448 (-0.9%) 0.00 278
    2025-01-01 $224,375 (-3.4%) $244,629 (0.7%) 0.00 272
    Clovis's median listing price for 2025-01-01 was $224,375, a difference of $-7,850 (-3.4%) versus the prior year and $4,875 versus the prior month.

    Clovis's median listing price comes in at 0% of the national average.

    Clovis's average listing price for 2025-01-01 was $244,629, a difference of $1,743 (0.7%) versus the prior year and $3,181 versus the prior month.

    For the 2025-01-01 period, Clovis had 272 MLS listings, a difference of -6 listings (-2%) versus the prior month and 74 listings (37%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Clovis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,798 sqft
    2018-02-01 0 days 1,818 sqft
    2018-03-01 0 days 1,798 sqft
    2018-04-01 0 days 1,801 sqft
    2018-05-01 0 days 1,792 sqft
    2018-06-01 0 days 1,811 sqft
    2018-07-01 0 days 1,816 sqft
    2018-08-01 0 days 1,827 sqft
    2018-09-01 0 days 1,830 sqft
    2018-10-01 0 days 1,827 sqft
    2018-11-01 0 days 1,836 sqft
    2018-12-01 0 days 1,841 sqft
    2019-01-01 0 days 1,819 sqft
    2019-02-01 0 days 1,823 sqft
    2019-03-01 0 days 1,834 sqft
    2019-04-01 0 days 1,834 sqft
    2019-05-01 0 days 1,828 sqft
    2019-06-01 0 days 1,832 sqft
    2019-07-01 0 days 1,839 sqft
    2019-08-01 0 days 1,838 sqft
    2019-09-01 0 days 1,834 sqft
    2019-10-01 0 days 1,811 sqft
    2019-11-01 0 days 1,784 sqft
    2019-12-01 0 days 1,761 sqft
    2020-01-01 0 days 1,753 sqft
    2020-02-01 0 days 1,750 sqft
    2020-03-01 0 days 1,711 sqft
    2020-04-01 0 days 1,693 sqft
    2020-05-01 0 days 1,697 sqft
    2020-06-01 0 days 1,695 sqft
    2020-07-01 0 days 1,765 sqft
    2020-08-01 0 days 1,753 sqft
    2020-09-01 0 days 1,741 sqft
    2020-10-01 0 days 1,766 sqft
    2020-11-01 0 days 1,741 sqft
    2020-12-01 0 days 1,741 sqft
    2021-01-01 0 days 1,728 sqft
    2021-02-01 0 days 1,764 sqft
    2021-03-01 0 days 1,711 sqft
    2021-04-01 0 days 1,702 sqft
    2021-05-01 0 days 1,766 sqft
    2021-06-01 0 days 1,695 sqft
    2021-07-01 0 days 1,712 sqft
    2021-08-01 0 days 1,737 sqft
    2021-09-01 0 days 1,792 sqft
    2021-10-01 0 days 1,809 sqft
    2021-11-01 0 days 1,750 sqft
    2021-12-01 0 days 1,746 sqft
    2022-01-01 0 days 1,809 sqft
    2022-02-01 0 days 1,776 sqft
    2022-03-01 0 days 1,803 sqft
    2022-04-01 0 days 1,827 sqft
    2022-05-01 0 days 1,758 sqft
    2022-06-01 0 days 1,769 sqft
    2022-07-01 0 days 1,824 sqft
    2022-08-01 0 days 1,775 sqft
    2022-09-01 0 days 1,764 sqft
    2022-10-01 0 days 1,856 sqft
    2022-11-01 0 days 1,895 sqft
    2022-12-01 0 days 1,860 sqft
    2023-01-01 0 days 1,844 sqft
    2023-02-01 0 days 1,842 sqft
    2023-03-01 0 days 1,830 sqft
    2023-04-01 0 days 1,770 sqft
    2023-05-01 0 days 1,709 sqft
    2023-06-01 0 days 1,754 sqft
    2023-07-01 0 days 1,731 sqft
    2023-08-01 0 days 1,712 sqft
    2023-09-01 0 days 1,712 sqft
    2023-10-01 0 days 1,718 sqft
    2023-11-01 0 days 1,779 sqft
    2023-12-01 0 days 1,784 sqft
    2024-01-01 0 days 1,743 sqft
    2024-02-01 0 days 1,702 sqft
    2024-03-01 0 days 1,711 sqft
    2024-04-01 0 days 1,705 sqft
    2024-05-01 0 days 1,741 sqft
    2024-06-01 0 days 1,731 sqft
    2024-07-01 0 days 1,746 sqft
    2024-08-01 0 days 1,728 sqft
    2024-09-01 0 days 1,739 sqft
    2024-10-01 0 days 1,746 sqft
    2024-11-01 0 days 1,697 sqft
    2024-12-01 0 days 1,684 sqft
    2025-01-01 0 days 1,708 sqft
    Clovis's median listing age (time on market) for 2025-01-01 was 0 days.

    Clovis's median square footage for active listings during the 2025-01-01 period was 1,708 sqft. One year prior, the average listing was 1,743 sqft.

    Clovis, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 558 $114,210,000 $204,677
    Cash Out Refi 50 $8,160,000 $163,200
    Refi 18 $3,820,000 $212,222
    Other 16 $830,000 $51,875
    Home Improvement 10 $750,000 $75,000

    Clovis's most frequently cited loan purpose was Home Purchase, with 558 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 282 $58,280,000 $206,667
    5-6% 167 $37,085,000 $222,066
    7-8% 121 $23,335,000 $192,851
    Over 8% 52 $3,590,000 $69,038
    4-5% 8 $1,960,000 $245,000
    3-4% 8 $1,060,000 $132,500
    <2.5% 6 $850,000 $141,667
    2.5-3% 4 $700,000 $175,000

    During 2023, Clovis's most frequently originated rate bucket was 6-7%, with 282 originations.

    Loan Sizing (Clovis, NM MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 297 $79,455,000 $267,525
    $100k-200k 223 $34,365,000 $154,103
    $100,000 or less 116 $6,390,000 $55,086
    $400k-600k 15 $6,925,000 $461,667
    $600k-1000k 1 $635,000 $635,000

    Clovis's loan sizing saw the bucket of loans from $200k-400k with 297 originations, totaling $79,455,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 402 $86,220,000 $214,478
    60-80% 84 $13,700,000 $163,095
    Over 100% 84 $21,980,000 $261,667
    Under 20% 41 $615,000 $15,000
    20-40% 19 $2,105,000 $110,789
    40-60% 14 $1,370,000 $97,857

    Clovis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 402 originations, totaling $86,220,000 in origination value.