Clovis Mortgage Rates & Closing Costs
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% |
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 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. LouisDate | 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 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. LouisDate | 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 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.