Clovis Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Clovis averaged 6.85% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 6.99% and one month ago for the week of 2023-08-10, the average rate was 6.83%.

Clovis's average rate one year ago was 5.56%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.28%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Clovis 30 Year Fixed Rate 2023-09-14 6.85%
Clovis 30 Year Fixed Rate Refi 2023-09-14 7.28%
Clovis 15 Year Fixed Rate 2023-09-14 6.61%
Clovis 15 Year Fixed Rate Refi 2023-09-14 6.41%
Clovis 30 Year FHA 2023-09-14 6.43%
Clovis 30 Year FHA Refi 2023-09-14 6.99%
Clovis 30 Year USDA 2023-09-14 6.78%
Clovis 30 Year USDA Refi 2023-09-14 7.18%
Clovis 30 Year VA 2023-09-14 6.2%
Clovis 30 Year VA Refi 2023-09-14 6.71%
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 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 $174,950 (6.4%) $198,694 (10.3%) 0.00 308
2018-03-01 $175,000 (3.9%) $194,052 (5.3%) 0.00 312
2018-04-01 $179,450 (5.6%) $202,257 (8.3%) 0.00 295
2018-05-01 $179,950 (3.7%) $201,637 (7.3%) 0.00 309
2018-06-01 $179,950 (6.6%) $201,806 (9.0%) 0.00 337
2018-07-01 $179,925 (6.6%) $200,499 (8.2%) 0.00 355
2018-08-01 $178,900 (6.1%) $195,154 (7.0%) 0.00 368
2018-09-01 $179,900 (5.9%) $197,365 (7.4%) 0.00 350
2018-10-01 $178,750 (5.2%) $197,489 (6.8%) 0.00 326
2018-11-01 $178,750 (4.0%) $197,240 (4.7%) 0.00 301
2018-12-01 $179,900 (5.8%) $194,726 (3.8%) 0.00 270
2019-01-01 $175,000 (0.1%) $190,306 (-0.4%) 0.00 259
2019-02-01 $173,850 (-0.6%) $190,597 (-4.1%) 0.00 258
2019-03-01 $179,286 (2.5%) $274,357 (41.4%) 0.00 263
2019-04-01 $175,536 (-2.2%) $273,499 (35.2%) 0.00 266
2019-05-01 $182,075 (1.2%) $193,797 (-3.9%) 0.00 269
2019-06-01 $178,750 (-0.7%) $191,478 (-5.1%) 0.00 282
2019-07-01 $179,850 (0.0%) $195,073 (-2.7%) 0.00 270
2019-08-01 $179,382 (0.3%) $194,205 (-0.5%) 0.00 270
2019-09-01 $178,605 (-0.7%) $191,025 (-3.2%) 0.00 273
2019-10-01 $173,950 (-2.7%) $186,923 (-5.4%) 0.00 271
2019-11-01 $165,000 (-7.7%) $177,080 (-10.2%) 0.00 251
2019-12-01 $164,450 (-8.6%) $176,174 (-9.5%) 0.00 242
2020-01-01 $161,140 (-7.9%) $172,453 (-9.4%) 0.00 221
2020-02-01 $159,900 (-8.0%) $171,954 (-9.8%) 0.00 215
2020-03-01 $158,450 (-11.6%) $174,621 (-36.4%) 0.00 221
2020-04-01 $156,975 (-10.6%) $170,938 (-37.5%) 0.00 230
2020-05-01 $159,000 (-12.7%) $176,641 (-8.9%) 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 (-0.3%) 0.00 156
2020-10-01 $173,750 (-0.1%) $192,386 (2.9%) 0.00 148
2020-11-01 $169,450 (2.7%) $187,055 (5.6%) 0.00 148
2020-12-01 $167,000 (1.6%) $182,934 (3.8%) 0.00 153
2021-01-01 $169,000 (4.9%) $180,881 (4.9%) 0.00 155
2021-02-01 $174,950 (9.4%) $189,815 (10.4%) 0.00 156
2021-03-01 $167,125 (5.5%) $183,985 (5.4%) 0.00 142
2021-04-01 $163,750 (4.3%) $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
2023-03-01 $242,225 (21.6%) $271,014 (1.9%) 0.00 92
2023-04-01 $230,000 (0.0%) $259,224 (-3.6%) 0.00 100
2023-05-01 $224,000 (-0.4%) $248,349 (-2.5%) 0.00 112
2023-06-01 $240,675 (9.4%) $252,409 (-0.5%) 0.00 109
2023-07-01 $236,250 (3.9%) $253,256 (-1.9%) 0.00 110
2023-08-01 $244,500 (4.6%) $260,725 (1.1%) 0.00 114
Clovis's median listing price for 2023-08-01 was $244,500, a difference of $10,750 (4.6%) versus the prior year and $8,250 versus the prior month.

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

Clovis's average listing price for 2023-08-01 was $260,725, a difference of $2,821 (1.1%) versus the prior year and $7,469 versus the prior month.

For the 2023-08-01 period, Clovis had 114 MLS listings, a difference of 4 listings (4%) versus the prior month and -9 listings (-7%) 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 1,841 sqft
2018-03-01 0 days 1,820 sqft
2018-04-01 0 days 1,839 sqft
2018-05-01 0 days 1,830 sqft
2018-06-01 0 days 1,838 sqft
2018-07-01 0 days 1,858 sqft
2018-08-01 0 days 1,844 sqft
2018-09-01 0 days 1,844 sqft
2018-10-01 0 days 1,840 sqft
2018-11-01 0 days 1,854 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 1,784 sqft
2019-11-01 0 days 1,752 sqft
2019-12-01 0 days 1,693 sqft
2020-01-01 0 days 1,681 sqft
2020-02-01 0 days 1,691 sqft
2020-03-01 0 days 1,670 sqft
2020-04-01 0 days 1,683 sqft
2020-05-01 0 days 1,706 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
2023-03-01 0 days 1,836 sqft
2023-04-01 0 days 1,761 sqft
2023-05-01 0 days 1,707 sqft
2023-06-01 0 days 1,735 sqft
2023-07-01 0 days 1,714 sqft
2023-08-01 0 days 1,706 sqft
Clovis's median listing age (time on market) for 2023-08-01 was 0 days.

Clovis's median square footage for active listings during the 2023-08-01 period was 1,706 sqft. One year prior, the average listing was 1,795 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.