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 6.88% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.86% and one month ago for the week of 2023-02-16, the average rate was 6.48%.

    Clovis's average rate one year ago was 4.23%.

    For refis of the same type during the week of 2023-03-23, the average rate was 7.19%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Clovis 30 Year Fixed Rate 2023-03-23 6.88%
    Clovis 30 Year Fixed Rate Refi 2023-03-23 7.19%
    Clovis 15 Year Fixed Rate 2023-03-23 6.22%
    Clovis 15 Year Fixed Rate Refi 2023-03-23 6%
    Clovis 30 Year FHA 2023-03-23 6.5%
    Clovis 30 Year FHA Refi 2023-03-23 6%
    Clovis 30 Year USDA 2023-03-23 6.13%
    Clovis 30 Year VA 2023-03-23 6.27%
    Clovis 30 Year VA Refi 2023-03-23 5.84%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    PRIMARY RESIDENTIAL MORTGAGE, INC. 49 5.46% $4,168
    Bell Bank 32 4.70% $2,830
    UNITED WHOLESALE MORTGAGE, LLC 26 5.40% $3,463
    QUICKEN LOANS, LLC 15 4.88% $5,743
    Citizens Bank 7 4.07% $3,521
    MICHIGAN MUTUAL, INC. 6 4.08% $6,107
    U.S. Bank 5 5.27% $3,141
    Wells Fargo Bank 5 4.95% $2,813
    LOANDEPOT.COM, LLC 4 4.69% $6,221
    NAVY FEDERAL CREDIT UNION 4 5.06% $2,004
    NBKC BANK 4 4.84% $6,109
    GUARANTEED RATE, INC. 4 5.78% $6,011
    KeyBank 3 4.88% $6,221
    Mortgage Research Center, LLC 3 5.66% $3,559
    Armed Forces Bank 3 5.46% $2,663
    CMG MORTGAGE, INC. 3 4.83% $4,453
    MOVEMENT MORTGAGE, LLC 3 4.89% $4,406
    First Federal Bank 2 5.00% $9,316
    JPMorgan Chase Bank 2 5.19% $2,308
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.74% $6,337
    DIRECTORS MORTGAGE, INC. 2 4.30% $4,561
    LOANPAL, LLC 2 3.87% $4,940
    PENTAGON FEDERAL CREDIT UNION 2 5.06% $2,255
    CHURCHILL MORTGAGE CORPORATION 2 6.69% $6,236
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.99% $2,899
    Flagstar Bank, FSB 2 4.57% $7,591
    RESIDENTIAL BANCORP. 2 5.13% $7,109
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $6,897
    AMERICAN FINANCING CORPORATION 1 5.88% $6,463
    Bank of America 1 3.25% $3,887
    BECKAM FUNDING CORP. 1 4.75% $6,511
    BETTER MORTGAGE CORPORATION 1 2.75% $6,174
    BOKF 1 6.13% $4,702
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 4.13% $3,581
    Deere Employees Credit Union 1 3.75% $3,067
    Deseret First Credit Union 1 3.38% $2,803
    FREEDOM MORTGAGE CORPORATION 1 5.25% $5,330
    HOMESIDE FINANCIAL, LLC 1 6.13% $6,199
    HOMESTEAD FUNDING CORP. 1 4.38% $6,730
    KELLER MORTGAGE, LLC 1 3.25% $2,800
    Kirtland Federal Credit Union 1 3.63% $4,875
    Loan Simple, Inc. 1 9.25% $99
    AMCAP MORTGAGE, LTD. 1 5.63% $4,372
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.12% $5,620
    NEWREZ LLC 1 4.38% $4,137
    PENNYMAC LOAN SERVICES, LLC 1 5.50% $8,457
    Plains Commerce Bank 1 5.99% $3,365
    S1L, Inc. 1 3.99% $3,902
    SECURITYNATIONAL MORTGAGE COMPANY 1 4.75% $3,706
    Strong Home Mortgage, LLC 1 4.25% $6,968
    The Huntington National Bank 1 4.50% $3,283
    USAA Federal Savings Bank 1 6.88% $3,421
    Washington Federal Bank 1 2.88% $3,958

    Clovis Average Closing Costs & Other Stats

    Clovis, NM's 53 lenders originated 1,042 loans during 2022. The total origination value was $209,400,000, with an average loan value of $200,960.

    Clovis's average closing costs are $5,084.

    The top Clovis lender as defined by loan originations is PRIMARY RESIDENTIAL MORTGAGE, INC., with 49 loans originated. Their average total fees are $4,168, which is $1,338 higher than the next largest lender, Bell Bank.

    The lowest fee Clovis lenders (with over 10 loans originated) are Bell Bank ($2,830), UNITED WHOLESALE MORTGAGE, LLC ($3,463), PRIMARY RESIDENTIAL MORTGAGE, INC. ($4,168), QUICKEN LOANS, LLC ($5,743) and .

    The lowest rate Clovis lenders (with over 10 loans originated) are Bell Bank (4.70%), QUICKEN LOANS, LLC (4.88%), UNITED WHOLESALE MORTGAGE, LLC (5.40%), PRIMARY RESIDENTIAL MORTGAGE, INC. (5.46%) and .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    PRIMARY RESIDENTIAL MORTGAGE, INC. $42,010,000 $35,585,000 -15.3% 17.0%
    Bell Bank $44,025,000 $27,625,000 -37.3% 13.2%
    Mortgage Research Center, LLC $28,635,000 $25,840,000 -9.8% 12.3%
    QUICKEN LOANS, LLC $25,800,000 $12,120,000 -53.0% 5.8%
    USAA Federal Savings Bank $10,540,000 $12,120,000 15.0% 5.8%
    UNITED WHOLESALE MORTGAGE, LLC $14,425,000 $11,545,000 -20.0% 5.5%
    NAVY FEDERAL CREDIT UNION $6,450,000 $8,085,000 25.3% 3.9%
    NBKC BANK $6,895,000 $6,145,000 -10.9% 2.9%
    NUSENDA $65,000 $5,150,000 7,823.1% 2.5%
    Armed Forces Bank $820,000 $4,415,000 438.4% 2.1%
    PENNYMAC LOAN SERVICES, LLC $5,165,000 $4,035,000 -21.9% 1.9%
    MICHIGAN MUTUAL, INC. $9,715,000 $3,380,000 -65.2% 1.6%
    Citizens Bank $2,895,000 n/a 1.4%
    GUARANTEED RATE, INC. $305,000 $2,840,000 831.1% 1.4%
    LOANDEPOT.COM, LLC $3,025,000 $2,685,000 -11.2% 1.3%
    CMG MORTGAGE, INC. $2,185,000 $2,200,000 0.7% 1.1%
    MOVEMENT MORTGAGE, LLC $1,635,000 $1,960,000 19.9% 0.9%
    Wells Fargo Bank $4,845,000 $1,925,000 -60.3% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $3,415,000 $1,810,000 -47.0% 0.9%
    U.S. Bank $2,820,000 $1,675,000 -40.6% 0.8%
    FREEDOM MORTGAGE CORPORATION $12,100,000 $1,625,000 -86.6% 0.8%
    AMERICAN PACIFIC MORTGAGE CORPORATION $195,000 $1,600,000 720.5% 0.8%
    KeyBank $185,000 $1,265,000 583.8% 0.6%
    BROKER SOLUTIONS, INC. $1,430,000 $1,150,000 -19.6% 0.5%
    LAKEVIEW LOAN SERVICING, LLC $2,855,000 $1,050,000 -63.2% 0.5%
    NEW DAY FINANCIAL, LLC $1,345,000 $1,005,000 -25.3% 0.5%
    Prosperity Home Mortgage, LLC $975,000 n/a 0.5%
    LOANPAL, LLC $525,000 $970,000 84.8% 0.5%
    PENTAGON FEDERAL CREDIT UNION $2,625,000 $960,000 -63.4% 0.5%
    New Mexico Bank & Trust $845,000 $795,000 -5.9% 0.4%
    KELLER MORTGAGE, LLC $270,000 $740,000 174.1% 0.4%
    Plains Commerce Bank $730,000 n/a 0.3%
    Flagstar Bank, FSB $35,000 $720,000 1,957.1% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,605,000 $705,000 -56.1% 0.3%
    RESIDENTIAL BANCORP. $420,000 $695,000 65.5% 0.3%
    NEWREZ LLC $1,340,000 $685,000 -48.9% 0.3%
    Carrington Mortgage Services, LLC $1,300,000 $675,000 -48.1% 0.3%
    21ST MORTGAGE CORPORATION $530,000 $670,000 26.4% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $655,000 $665,000 1.5% 0.3%
    JPMorgan Chase Bank $1,125,000 $660,000 -41.3% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $75,000 $575,000 666.7% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $240,000 $530,000 120.8% 0.3%
    Bank of America $345,000 $525,000 52.2% 0.3%
    CHURCHILL MORTGAGE CORPORATION $350,000 $470,000 34.3% 0.2%
    Access Community Credit Union $115,000 $460,000 300.0% 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $460,000 n/a 0.2%
    Wyndham Capital Mortgage, Inc. $770,000 $450,000 -41.6% 0.2%
    BETTER MORTGAGE CORPORATION $1,350,000 $410,000 -69.6% 0.2%
    Strong Home Mortgage, LLC $405,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $290,000 $390,000 34.5% 0.2%
    North American Savings Bank, F.S.B. $490,000 $390,000 -20.4% 0.2%
    SECURITYNATIONAL MORTGAGE COMPANY $545,000 $390,000 -28.4% 0.2%
    HOME POINT FINANCIAL CORPORATION $7,885,000 $375,000 -95.2% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $415,000 $365,000 -12.0% 0.2%
    Stifel Bank and Trust $365,000 n/a 0.2%
    First Federal Bank $620,000 $360,000 -41.9% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $440,000 $360,000 -18.2% 0.2%
    First Savings Bank $355,000 n/a 0.2%
    Washington Federal Bank $135,000 $345,000 155.6% 0.2%
    First Bank & Trust $1,575,000 $335,000 -78.7% 0.2%
    HOMESTEAD FUNDING CORP. $245,000 $335,000 36.7% 0.2%
    UNION HOME MORTGAGE CORP. $725,000 $335,000 -53.8% 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,890,000 $325,000 -82.8% 0.2%
    AMERICAN FINANCING CORPORATION $275,000 $320,000 16.4% 0.2%
    MORTGAGEONE, INC. $295,000 n/a 0.1%
    PHH Mortgage Corporation $165,000 $290,000 75.8% 0.1%
    The Central Trust Bank $275,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $115,000 $255,000 121.7% 0.1%
    Wallick & Volk, Inc. $70,000 $255,000 264.3% 0.1%
    Kirtland Federal Credit Union $250,000 n/a 0.1%
    Deseret First Credit Union $245,000 n/a 0.1%
    Century Mortgage Company DBA Century Lending Company $105,000 $235,000 123.8% 0.1%
    First American Bank $235,000 n/a 0.1%
    Old National Bank $235,000 n/a 0.1%
    The Huntington National Bank $235,000 n/a 0.1%
    Western Commerce Bank $235,000 n/a 0.1%
    Gateway First Bank $105,000 $225,000 114.3% 0.1%
    VILLAGE CAPITAL MORTGAGE $885,000 $220,000 -75.1% 0.1%
    Austin Capital Bank SSB $215,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $625,000 $215,000 -65.6% 0.1%
    CORNERSTONE HOME LENDING, INC. $85,000 $185,000 117.6% 0.1%
    The Federal Savings Bank $1,485,000 $185,000 -87.5% 0.1%
    CALIBER HOME LOANS, INC. $1,515,000 $175,000 -88.4% 0.1%
    Deere Employees Credit Union $390,000 $175,000 -55.1% 0.1%
    UNIVERSAL LENDING CORPORATION $160,000 $175,000 9.4% 0.1%
    Axos Bank $165,000 n/a 0.1%
    NETWORK CAPITAL FUNDING CORPORATION $165,000 n/a 0.1%
    NP, Inc. $410,000 $165,000 -59.8% 0.1%
    Alliance Credit Union $155,000 n/a 0.1%
    BECKAM FUNDING CORP. $155,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $145,000 n/a 0.1%
    S1L, Inc. $145,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $545,000 $140,000 -74.3% 0.1%
    STATE EMPLOYEES $125,000 n/a 0.1%
    DIRECTORS MORTGAGE, INC. $120,000 n/a 0.1%
    BOKF $460,000 $115,000 -75.0% 0.1%
    AMCAP MORTGAGE, LTD. $320,000 $105,000 -67.2% 0.1%
    ACADEMY MORTGAGE CORPORATION $105,000 $100,000 -4.8% 0.0%
    CASTLE & COOKE MORTGAGE, LLC $95,000 n/a 0.0%
    Colonial Savings, F.A. $135,000 $75,000 -44.4% 0.0%
    ROYAL UNITED MORTGAGE LLC $65,000 $75,000 15.4% 0.0%
    First United Bank $680,000 $65,000 -90.4% 0.0%
    PNC Bank $965,000 $55,000 -94.3% 0.0%
    Del Norte Credit Union $45,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $25,000 $35,000 40.0% 0.0%
    Loan Simple, Inc. $5,000 n/a 0.0%

    Clovis's top lender by overall market share is PRIMARY RESIDENTIAL MORTGAGE, INC., with 17.0% market share. In second place, with 13.2%, is Bell Bank, having originated $27,625,000 in loans. In third place, with 12.3%, is Mortgage Research Center, LLC, having originated $25,840,000 in loans. In fourth place, with 5.8%, is QUICKEN LOANS, LLC, having originated $12,120,000 in loans. In fifth place, with 5.8%, is USAA Federal Savings Bank, having originated $12,120,000 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 $174,900 (10.4%) $190,990 (7.6%) 0.00 314
    2018-02-01 $174,975 (6.4%) $198,160 (10.0%) 0.00 308
    2018-03-01 $174,900 (3.8%) $194,247 (5.4%) 0.00 312
    2018-04-01 $179,450 (5.6%) $203,344 (8.9%) 0.00 295
    2018-05-01 $179,900 (3.7%) $202,072 (7.6%) 0.00 309
    2018-06-01 $180,000 (6.6%) $202,502 (9.4%) 0.00 337
    2018-07-01 $179,950 (6.6%) $201,148 (8.5%) 0.00 355
    2018-08-01 $179,450 (6.4%) $195,590 (7.2%) 0.00 368
    2018-09-01 $179,900 (5.9%) $197,365 (7.4%) 0.00 350
    2018-10-01 $178,875 (5.2%) $197,545 (6.8%) 0.00 326
    2018-11-01 $178,750 (4.0%) $197,279 (4.8%) 0.00 301
    2018-12-01 $179,900 (5.8%) $194,726 (3.8%) 0.00 270
    2019-01-01 $175,000 (0.1%) $190,078 (-0.5%) 0.00 259
    2019-02-01 $173,850 (-0.6%) $190,579 (-3.8%) 0.00 258
    2019-03-01 $179,264 (2.5%) $194,080 (-0.1%) 0.00 263
    2019-04-01 $175,489 (-2.2%) $192,919 (-5.1%) 0.00 266
    2019-05-01 $182,075 (1.2%) $193,797 (-4.1%) 0.00 269
    2019-06-01 $178,750 (-0.7%) $191,478 (-5.4%) 0.00 282
    2019-07-01 $179,850 (-0.1%) $195,073 (-3.0%) 0.00 270
    2019-08-01 $179,382 (0.0%) $194,262 (-0.7%) 0.00 270
    2019-09-01 $178,605 (-0.7%) $191,168 (-3.1%) 0.00 272
    2019-10-01 $173,975 (-2.7%) $187,128 (-5.3%) 0.00 270
    2019-11-01 $165,000 (-7.7%) $177,266 (-10.1%) 0.00 250
    2019-12-01 $164,700 (-8.5%) $176,372 (-9.4%) 0.00 241
    2020-01-01 $162,070 (-7.4%) $172,662 (-9.2%) 0.00 220
    2020-02-01 $159,900 (-8.0%) $172,189 (-9.7%) 0.00 214
    2020-03-01 $158,725 (-11.5%) $174,857 (-9.9%) 0.00 220
    2020-04-01 $157,100 (-10.5%) $171,045 (-11.3%) 0.00 230
    2020-05-01 $159,000 (-12.7%) $176,737 (-8.8%) 0.00 203
    2020-06-01 $168,450 (-5.8%) $178,783 (-6.6%) 0.00 183
    2020-07-01 $170,950 (-5.0%) $180,768 (-7.3%) 0.00 185
    2020-08-01 $179,200 (-0.1%) $186,832 (-3.8%) 0.00 181
    2020-09-01 $177,250 (-0.8%) $190,420 (-0.4%) 0.00 156
    2020-10-01 $173,750 (-0.1%) $192,386 (2.8%) 0.00 148
    2020-11-01 $169,450 (2.7%) $187,055 (5.5%) 0.00 148
    2020-12-01 $167,000 (1.4%) $182,934 (3.7%) 0.00 153
    2021-01-01 $169,000 (4.3%) $180,881 (4.8%) 0.00 155
    2021-02-01 $174,950 (9.4%) $189,815 (10.2%) 0.00 156
    2021-03-01 $167,125 (5.3%) $183,985 (5.2%) 0.00 142
    2021-04-01 $163,750 (4.2%) $185,355 (8.4%) 0.00 120
    2021-05-01 $176,950 (11.3%) $193,813 (9.7%) 0.00 106
    2021-06-01 $177,450 (5.3%) $201,109 (12.5%) 0.00 115
    2021-07-01 $204,000 (19.3%) $205,051 (13.4%) 0.00 98
    2021-08-01 $195,750 (9.2%) $207,718 (11.2%) 0.00 99
    2021-09-01 $194,475 (9.7%) $215,697 (13.3%) 0.00 100
    2021-10-01 $197,450 (13.6%) $218,605 (13.6%) 0.00 97
    2021-11-01 $184,950 (9.2%) $220,495 (17.9%) 0.00 101
    2021-12-01 $186,950 (12.0%) $225,180 (23.1%) 0.00 91
    2022-01-01 $189,000 (11.8%) $252,102 (39.4%) 0.00 65
    2022-02-01 $208,250 (19.0%) $265,655 (40.0%) 0.00 66
    2022-03-01 $199,125 (19.2%) $265,953 (44.6%) 0.00 61
    2022-04-01 $230,000 (40.5%) $268,764 (45.0%) 0.00 62
    2022-05-01 $224,975 (27.1%) $254,780 (31.5%) 0.00 99
    2022-06-01 $219,950 (24.0%) $253,641 (26.1%) 0.00 105
    2022-07-01 $227,450 (11.5%) $258,177 (25.9%) 0.00 113
    2022-08-01 $233,750 (19.4%) $257,904 (24.2%) 0.00 123
    2022-09-01 $223,075 (14.7%) $256,314 (18.8%) 0.00 112
    2022-10-01 $239,500 (21.3%) $270,171 (23.6%) 0.00 112
    2022-11-01 $242,475 (31.1%) $266,743 (21.0%) 0.00 131
    2022-12-01 $240,000 (28.4%) $262,318 (16.5%) 0.00 132
    2023-01-01 $241,950 (28.0%) $263,367 (4.5%) 0.00 116
    2023-02-01 $240,500 (15.5%) $266,339 (0.3%) 0.00 94
    Clovis's median listing price for 2023-02-01 was $240,500, a difference of $32,250 (15.5%) versus the prior year and $-1,450 versus the prior month.

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

    Clovis's average listing price for 2023-02-01 was $266,339, a difference of $684 (0.3%) versus the prior year and $2,972 versus the prior month.

    For the 2023-02-01 period, Clovis had 94 MLS listings, a difference of -22 listings (-19%) versus the prior month and 28 listings (42%) 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 1,827 sqft
    2018-02-01 0 days 1,840 sqft
    2018-03-01 0 days 1,823 sqft
    2018-04-01 0 days 1,836 sqft
    2018-05-01 0 days 1,833 sqft
    2018-06-01 0 days 1,840 sqft
    2018-07-01 0 days 1,858 sqft
    2018-08-01 0 days 1,847 sqft
    2018-09-01 0 days 1,844 sqft
    2018-10-01 0 days 1,840 sqft
    2018-11-01 0 days 1,855 sqft
    2018-12-01 0 days 1,856 sqft
    2019-01-01 0 days 1,817 sqft
    2019-02-01 0 days 1,825 sqft
    2019-03-01 0 days 1,843 sqft
    2019-04-01 0 days 1,847 sqft
    2019-05-01 0 days 1,853 sqft
    2019-06-01 0 days 1,852 sqft
    2019-07-01 0 days 1,832 sqft
    2019-08-01 0 days 1,814 sqft
    2019-09-01 0 days 1,802 sqft
    2019-10-01 0 days 1,785 sqft
    2019-11-01 0 days 1,753 sqft
    2019-12-01 0 days 1,696 sqft
    2020-01-01 0 days 1,685 sqft
    2020-02-01 0 days 1,697 sqft
    2020-03-01 0 days 1,675 sqft
    2020-04-01 0 days 1,684 sqft
    2020-05-01 0 days 1,712 sqft
    2020-06-01 0 days 1,706 sqft
    2020-07-01 0 days 1,781 sqft
    2020-08-01 0 days 1,781 sqft
    2020-09-01 0 days 1,748 sqft
    2020-10-01 0 days 1,768 sqft
    2020-11-01 0 days 1,718 sqft
    2020-12-01 0 days 1,678 sqft
    2021-01-01 0 days 1,676 sqft
    2021-02-01 0 days 1,721 sqft
    2021-03-01 0 days 1,675 sqft
    2021-04-01 0 days 1,672 sqft
    2021-05-01 0 days 1,749 sqft
    2021-06-01 0 days 1,696 sqft
    2021-07-01 0 days 1,723 sqft
    2021-08-01 0 days 1,765 sqft
    2021-09-01 0 days 1,862 sqft
    2021-10-01 0 days 1,832 sqft
    2021-11-01 0 days 1,745 sqft
    2021-12-01 0 days 1,748 sqft
    2022-01-01 0 days 1,862 sqft
    2022-02-01 0 days 1,805 sqft
    2022-03-01 0 days 1,807 sqft
    2022-04-01 0 days 1,892 sqft
    2022-05-01 0 days 1,771 sqft
    2022-06-01 0 days 1,769 sqft
    2022-07-01 0 days 1,841 sqft
    2022-08-01 0 days 1,795 sqft
    2022-09-01 0 days 1,765 sqft
    2022-10-01 0 days 1,848 sqft
    2022-11-01 0 days 1,897 sqft
    2022-12-01 0 days 1,865 sqft
    2023-01-01 0 days 1,856 sqft
    2023-02-01 0 days 1,851 sqft
    Clovis's median listing age (time on market) for 2023-02-01 was 0 days.

    Clovis's median square footage for active listings during the 2023-02-01 period was 1,851 sqft. One year prior, the average listing was 1,805 sqft.

    Clovis, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 806 $166,680,000 $206,799
    Cash Out Refi 109 $17,445,000 $160,046
    Refi 107 $23,815,000 $222,570
    Home Improvement 10 $600,000 $60,000
    Other 10 $860,000 $86,000

    Clovis's most frequently cited loan purpose was Home Purchase, with 806 originations. The 2nd most popular reason was Cash Out Refi, with 109 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 275 $56,535,000 $205,582
    4-5% 251 $52,065,000 $207,430
    3-4% 235 $51,295,000 $218,277
    6-7% 123 $23,095,000 $187,764
    2.5-3% 77 $15,455,000 $200,714
    <2.5% 37 $6,055,000 $163,649
    7-8% 31 $3,455,000 $111,452
    Over 8% 11 $855,000 $77,727

    During 2022, Clovis's most frequently originated rate bucket was 5-6%, with 275 originations.

    Loan Sizing (Clovis, NM MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 463 $120,215,000 $259,644
    $100k-200k 391 $60,415,000 $154,514
    $100,000 or less 157 $9,265,000 $59,013
    $400k-600k 27 $12,285,000 $455,000
    $600k-1000k 3 $2,355,000 $785,000
    $Over $1MM 1 $4,865,000 $4,865,000

    Clovis's loan sizing saw the bucket of loans from $200k-400k with 463 originations, totaling $120,215,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 606 $126,690,000 $209,059
    60-80% 176 $30,680,000 $174,318
    Over 100% 150 $37,910,000 $252,733
    Under 20% 42 $510,000 $12,143
    40-60% 38 $10,080,000 $265,263
    20-40% 15 $815,000 $54,333

    Clovis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 606 originations, totaling $126,690,000 in origination value.