Clovis Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Clovis averaged
6.79%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.91% and
one month ago for the week of 2025-03-06, the
average rate was 6.5%.
Clovis's average rate one year ago was 6.89%.
For refis of the same type during the week of 2025-04-10, the average rate
was 7.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-04-10 | 6.62% |
Clovis 30 Year Fixed Rate | 2025-04-10 | 6.79% |
Clovis 30 Year Fixed Rate Refi | 2025-04-10 | 7.22% |
Clovis 15 Year Fixed Rate | 2025-04-10 | 5.92% |
Clovis 15 Year Fixed Rate Refi | 2025-04-10 | 6.42% |
Clovis 30 Year FHA | 2025-04-10 | 6.33% |
Clovis 30 Year FHA Refi | 2025-04-10 | 6.43% |
Clovis 30 Year USDA | 2025-04-10 | 6.65% |
Clovis 30 Year USDA Refi | 2025-04-10 | 6.55% |
Clovis 30 Year VA | 2025-04-10 | 6.12% |
Clovis 30 Year VA Refi | 2025-04-10 | 6.39% |
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.).
Clovis Average Closing Costs & Other Stats
Clovis, NM's 34 lenders originated 811
loans during 2024. The total origination value was $145,625,000, with an average loan value of
$179,562.
Clovis's average closing costs are $5,431.
The top Clovis lender as defined by loan originations is Bell Bank, with
24 loans originated. Their average total fees are
$4,219, which is $1,110
lower than the next largest lender,
PRIMARY RESIDENTIAL MORTGAGE, INC..
The lowest fee Clovis lenders (with over 10 loans originated) are
Bell Bank ($4,219), UNITED WHOLESALE MORTGAGE, LLC ($4,397), QUICKEN LOANS, LLC ($5,147), PRIMARY RESIDENTIAL MORTGAGE, INC. ($5,329) and .
The lowest rate Clovis lenders (with over 10 loans originated) are
Bell Bank (6.63%), PRIMARY RESIDENTIAL MORTGAGE, INC. (6.80%), QUICKEN LOANS, LLC (6.86%), UNITED WHOLESALE MORTGAGE, LLC (6.90%) 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
---|---|---|---|---|
Bell Bank | $10,800,000 | $24,250,000 | 124.5% | 16.7% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $24,840,000 | $17,520,000 | -29.5% | 12.0% |
Mortgage Research Center, LLC | $13,835,000 | $14,830,000 | 7.2% | 10.2% |
UNITED WHOLESALE MORTGAGE, LLC | $9,070,000 | $10,525,000 | 16.0% | 7.2% |
QUICKEN LOANS, LLC | $4,715,000 | $8,805,000 | 86.7% | 6.0% |
NAVY FEDERAL CREDIT UNION | $7,120,000 | $6,650,000 | -6.6% | 4.6% |
NBKC BANK | $10,330,000 | $5,920,000 | -42.7% | 4.1% |
USAA Federal Savings Bank | $2,275,000 | $4,470,000 | 96.5% | 3.1% |
PENNYMAC LOAN SERVICES, LLC | $2,070,000 | $3,530,000 | 70.5% | 2.4% |
FREEDOM MORTGAGE CORPORATION | $845,000 | $3,380,000 | 300.0% | 2.3% |
Plains Commerce Bank | $2,570,000 | $3,340,000 | 30.0% | 2.3% |
Prosperity Home Mortgage, LLC | $1,170,000 | $3,320,000 | 183.8% | 2.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $265,000 | $3,295,000 | 1,143.4% | 2.3% |
GUARANTEED RATE, INC. | $4,465,000 | $2,110,000 | -52.7% | 1.4% |
NEW DAY FINANCIAL, LLC | $275,000 | $2,075,000 | 654.5% | 1.4% |
Mr. Cooper ( Nationstar Mortgage ) | $885,000 | $2,025,000 | 128.8% | 1.4% |
Century Mortgage Company DBA Century Lending Company | $205,000 | $1,880,000 | 817.1% | 1.3% |
First Federal Bank of Louisiana | $1,665,000 | n/a | 1.1% | |
BROKER SOLUTIONS, INC. | $795,000 | $1,345,000 | 69.2% | 0.9% |
AMERISAVE MORTGAGE CORPORATION | $195,000 | $1,160,000 | 494.9% | 0.8% |
JPMorgan Chase Bank | $460,000 | $1,145,000 | 148.9% | 0.8% |
DIRECTORS MORTGAGE, INC. | $125,000 | $1,130,000 | 804.0% | 0.8% |
LOANDEPOT.COM, LLC | $545,000 | $1,000,000 | 83.5% | 0.7% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $580,000 | $985,000 | 69.8% | 0.7% |
CROSSCOUNTRY MORTGAGE, LLC | $510,000 | $915,000 | 79.4% | 0.6% |
U.S. Bank | $260,000 | $885,000 | 240.4% | 0.6% |
VILLAGE CAPITAL MORTGAGE | $855,000 | n/a | 0.6% | |
21ST MORTGAGE CORPORATION | $840,000 | $780,000 | -7.1% | 0.5% |
CMG MORTGAGE, INC. | $1,155,000 | $730,000 | -36.8% | 0.5% |
First Federal Bank | $430,000 | $710,000 | 65.1% | 0.5% |
CARDINAL FINANCIAL | $1,150,000 | $655,000 | -43.0% | 0.4% |
The Federal Savings Bank | $635,000 | n/a | 0.4% | |
BETTER MORTGAGE CORPORATION | $85,000 | $620,000 | 629.4% | 0.4% |
AMERICAN FINANCIAL NETWORK, INC. | $610,000 | n/a | 0.4% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $755,000 | $550,000 | -27.2% | 0.4% |
Western Commerce Bank | $105,000 | $525,000 | 400.0% | 0.4% |
Paramount Bank | $1,160,000 | $510,000 | -56.0% | 0.4% |
First Financial Bank | $245,000 | $465,000 | 89.8% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $430,000 | n/a | 0.3% | |
FLAT BRANCH MORTGAGE, INC. | $420,000 | n/a | 0.3% | |
Access Community Credit Union | $505,000 | $385,000 | -23.8% | 0.3% |
HOMETRUST MORTGAGE COMPANY | $365,000 | n/a | 0.3% | |
MOUNTAIN AMERICA | $125,000 | $365,000 | 192.0% | 0.3% |
RANLIFE, INC. | $365,000 | n/a | 0.3% | |
Equity Prime Mortgage LLC | $245,000 | $350,000 | 42.9% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $2,890,000 | $330,000 | -88.6% | 0.2% |
FIRST COMMUNITY MORTGAGE, INC. | $325,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $340,000 | $310,000 | -8.8% | 0.2% |
GUILD MORTGAGE COMPANY | $585,000 | $310,000 | -47.0% | 0.2% |
Sierra Pacific Mortgage Company, Inc. | $745,000 | $310,000 | -58.4% | 0.2% |
MOVEMENT MORTGAGE, LLC | $350,000 | $275,000 | -21.4% | 0.2% |
The Central Trust Bank | $265,000 | n/a | 0.2% | |
ZILLOW HOME LOANS, LLC | $245,000 | n/a | 0.2% | |
Armed Forces Bank | $2,565,000 | $235,000 | -90.8% | 0.2% |
AMERICAN FINANCING CORPORATION | $225,000 | n/a | 0.2% | |
PLANET HOME LENDING, LLC | $225,000 | n/a | 0.2% | |
POLARIS HOME FUNDING CORP. | $225,000 | n/a | 0.2% | |
North American Savings Bank, F.S.B. | $215,000 | n/a | 0.1% | |
Bank of America | $105,000 | $195,000 | 85.7% | 0.1% |
Farmers Bank & Trust | $195,000 | n/a | 0.1% | |
LADERA LENDING, INC. | $195,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $105,000 | $195,000 | 85.7% | 0.1% |
LIMA ONE CAPITAL, LLC | $190,000 | n/a | 0.1% | |
COREVEST AMERICAN FINANCE LENDER LLC | $175,000 | n/a | 0.1% | |
Mid-Continent Funding, Inc. | $165,000 | n/a | 0.1% | |
Equity Bank | $160,000 | n/a | 0.1% | |
Figure Lending LLC | $160,000 | n/a | 0.1% | |
GARDNER FINANCIAL SERVICES, LTD. | $155,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $155,000 | n/a | 0.1% | |
Wells Fargo Bank | $1,040,000 | $150,000 | -85.6% | 0.1% |
Deere Employees Credit Union | $145,000 | n/a | 0.1% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $190,000 | $140,000 | -26.3% | 0.1% |
Carrington Mortgage Services, LLC | $220,000 | $135,000 | -38.6% | 0.1% |
Northpointe Bank | $135,000 | n/a | 0.1% | |
First Financial Credit Union | $85,000 | $105,000 | 23.5% | 0.1% |
UNION HOME MORTGAGE CORP. | $105,000 | n/a | 0.1% | |
Washington Federal Bank | $185,000 | $95,000 | -48.6% | 0.1% |
First United Bank | $90,000 | n/a | 0.1% | |
SANDIA LABORATORY | $220,000 | $75,000 | -65.9% | 0.1% |
NEWREZ LLC | $570,000 | $55,000 | -90.4% | 0.0% |
PNC Bank | $115,000 | $55,000 | -52.2% | 0.0% |
Discover Bank | $130,000 | $35,000 | -73.1% | 0.0% |
SPRING EQ, LLC | $35,000 | n/a | 0.0% | |
U.S. EAGLE | $25,000 | n/a | 0.0% | |
BOKF | $15,000 | n/a | 0.0% |
Clovis's top lender by overall market share is Bell Bank, with 16.7% market share. In second place, with 12.0%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $17,520,000 in loans. In third place, with 10.2%, is Mortgage Research Center, LLC, having originated $14,830,000 in loans. In fourth place, with 7.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $10,525,000 in loans. In fifth place, with 6.0%, is QUICKEN LOANS, LLC, having originated $8,805,000 in loans.
Clovis Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Clovis (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 | $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 |
2025-02-01 | $221,125 (-7.9%) | $246,986 (0.1%) | 0.00 | 285 |
2025-03-01 | $230,000 (-4.2%) | $246,651 (-0.8%) | 0.00 | 290 |
Clovis's median listing price comes in at 0% of the national average.
Clovis's average listing price for 2025-03-01 was $246,651, a difference of $-1,924 (-0.8%) versus the prior year and $-335 versus the prior month.
For the 2025-03-01 period, Clovis had 290 MLS listings, a difference of 5 listings (2%) versus the prior month and 85 listings (41%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Clovis (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2025-02-01 | 0 days | 1,713 sqft |
2025-03-01 | 0 days | 1,712 sqft |
Clovis's median square footage for active listings during the 2025-03-01 period was 1,712 sqft. One year prior, the average listing was 1,711 sqft.
Clovis, NM Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 625 | $110,645,000 | $177,032 |
Cash Out Refi | 83 | $13,415,000 | $161,627 |
Refi | 72 | $19,360,000 | $268,889 |
Other | 21 | $1,355,000 | $64,524 |
Home Improvement | 10 | $850,000 | $85,000 |
Clovis's most frequently cited loan purpose was Home Purchase, with 625 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 389 | $75,845,000 | $194,974 |
5-6% | 158 | $37,670,000 | $238,418 |
7-8% | 115 | $19,405,000 | $168,739 |
Over 8% | 68 | $4,690,000 | $68,971 |
<2.5% | 58 | $1,510,000 | $26,034 |
2.5-3% | 9 | $2,005,000 | $222,778 |
3-4% | 4 | $1,500,000 | $375,000 |
4-5% | 3 | $785,000 | $261,667 |
During 2024, Clovis's most frequently originated rate bucket was 6-7%, with 389 originations.
Loan Sizing (Clovis, NM MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 317 | $85,755,000 | $270,521 |
$100k-200k | 260 | $40,110,000 | $154,269 |
$100,000 or less | 211 | $7,035,000 | $33,341 |
$400k-600k | 18 | $8,220,000 | $456,667 |
$600k-1000k | 4 | $2,840,000 | $710,000 |
$Over $1MM | 1 | $1,665,000 | $1,665,000 |
Clovis's loan sizing saw the bucket of loans from $200k-400k with 317 originations, totaling $85,755,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 419 | $87,565,000 | $208,986 |
Under 20% | 136 | $2,010,000 | $14,779 |
60-80% | 108 | $23,240,000 | $215,185 |
Over 100% | 70 | $19,340,000 | $276,286 |
20-40% | 25 | $1,735,000 | $69,400 |
40-60% | 24 | $3,450,000 | $143,750 |
Clovis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 419 originations, totaling $87,565,000 in origination value.