Craig Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Craig averaged
6.15%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.07% and
one month ago for the week of 2023-04-20, the
average rate was 6.37%.
Craig's average rate one year ago was 5.03%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.47%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Craig 30 Year Fixed Rate | 2023-05-25 | 6.15% |
Craig 30 Year Fixed Rate Refi | 2023-05-25 | 6.47% |
Craig 15 Year Fixed Rate | 2023-05-25 | 6.17% |
Craig 15 Year Fixed Rate Refi | 2023-05-25 | 6.37% |
Craig 30 Year FHA | 2023-05-25 | 6.42% |
Craig 30 Year FHA Refi | 2023-05-25 | 6.41% |
Craig 30 Year USDA | 2023-05-25 | 6.43% |
Craig 30 Year USDA Refi | 2023-05-25 | 6.83% |
Craig 30 Year VA | 2023-05-25 | 6.41% |
Craig 30 Year VA Refi | 2023-05-25 | 6.31% |
Craig 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 Craig, CO 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.).
Craig Average Closing Costs & Other Stats
Craig, CO's 48 lenders originated 390
loans during 2022. The total origination value was $82,250,000, with an average loan value of
$210,897.
Craig's average closing costs are $5,161.
The top Craig lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
29 loans originated. Their average total fees are
$3,828, which is $690
higher than the next largest lender,
Bank of Colorado.
The lowest fee Craig lenders (with over 10 loans originated) are
Bank of Colorado ($3,138), UNITED WHOLESALE MORTGAGE, LLC ($3,828), NFM, INC. ($4,615), QUICKEN LOANS, LLC ($7,466) and .
The lowest rate Craig lenders (with over 10 loans originated) are
Bank of Colorado (4.62%), QUICKEN LOANS, LLC (4.71%), UNITED WHOLESALE MORTGAGE, LLC (4.90%), NFM, INC. (5.39%) and .
Craig, CO 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 |
---|---|---|---|---|
UNITED WHOLESALE MORTGAGE, LLC | $14,360,000 | $9,195,000 | -36.0% | 11.2% |
QUICKEN LOANS, LLC | $14,315,000 | $5,955,000 | -58.4% | 7.2% |
Bank of Colorado | $8,075,000 | $5,630,000 | -30.3% | 6.8% |
AMCAP MORTGAGE, LTD. | $5,470,000 | $5,125,000 | -6.3% | 6.2% |
NFM, INC. | $4,905,000 | n/a | 6.0% | |
Glacier Bank | $1,545,000 | $3,755,000 | 143.0% | 4.6% |
ACADEMY MORTGAGE CORPORATION | $1,875,000 | $2,905,000 | 54.9% | 3.5% |
CROSSCOUNTRY MORTGAGE, LLC | $2,855,000 | n/a | 3.5% | |
Mortgage Research Center, LLC | $1,170,000 | $2,040,000 | 74.4% | 2.5% |
FirstBank | $1,465,000 | $2,035,000 | 38.9% | 2.5% |
AMERICAN FINANCING CORPORATION | $3,455,000 | $1,955,000 | -43.4% | 2.4% |
GUILD MORTGAGE COMPANY | $16,665,000 | $1,880,000 | -88.7% | 2.3% |
Mr. Cooper ( Nationstar Mortgage ) | $1,315,000 | $1,415,000 | 7.6% | 1.7% |
LOANDEPOT.COM, LLC | $1,330,000 | $1,365,000 | 2.6% | 1.7% |
BROKER SOLUTIONS, INC. | $855,000 | $1,305,000 | 52.6% | 1.6% |
FREEDOM MORTGAGE CORPORATION | $4,365,000 | $1,205,000 | -72.4% | 1.5% |
NEWREZ LLC | $3,625,000 | $1,180,000 | -67.4% | 1.4% |
AMERISAVE MORTGAGE CORPORATION | $1,120,000 | $1,155,000 | 3.1% | 1.4% |
Wells Fargo Bank | $1,805,000 | $1,075,000 | -40.4% | 1.3% |
HOME POINT FINANCIAL CORPORATION | $2,160,000 | $1,070,000 | -50.5% | 1.3% |
NAVY FEDERAL CREDIT UNION | $420,000 | $885,000 | 110.7% | 1.1% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $945,000 | $820,000 | -13.2% | 1.0% |
BAY EQUITY LLC | $6,395,000 | $810,000 | -87.3% | 1.0% |
Alpine Bank | $805,000 | n/a | 1.0% | |
PENNYMAC LOAN SERVICES, LLC | $1,085,000 | $775,000 | -28.6% | 0.9% |
CORNERSTONE HOME LENDING, INC. | $725,000 | $670,000 | -7.6% | 0.8% |
SUMMIT FUNDING, INC. | $645,000 | n/a | 0.8% | |
CHERRY CREEK MORTGAGE, LLC | $2,410,000 | $625,000 | -74.1% | 0.8% |
UNIVERSAL LENDING CORPORATION | $315,000 | $580,000 | 84.1% | 0.7% |
LAKEVIEW LOAN SERVICING, LLC | $595,000 | $555,000 | -6.7% | 0.7% |
CALIBER HOME LOANS, INC. | $5,245,000 | $550,000 | -89.5% | 0.7% |
U.S. Bank | $505,000 | $490,000 | -3.0% | 0.6% |
Stifel Bank and Trust | $455,000 | n/a | 0.6% | |
The Home Loan Expert LLC | $455,000 | n/a | 0.6% | |
INTEGRITY MORTGAGE & FINANCIAL INCORPORATED | $165,000 | $450,000 | 172.7% | 0.5% |
NBH Bank | $415,000 | n/a | 0.5% | |
ZILLOW HOME LOANS, LLC | $195,000 | $410,000 | 110.3% | 0.5% |
CMG MORTGAGE, INC. | $895,000 | $405,000 | -54.7% | 0.5% |
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $245,000 | $405,000 | 65.3% | 0.5% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $390,000 | n/a | 0.5% | |
Loan Simple, Inc. | $275,000 | $375,000 | 36.4% | 0.5% |
LENOX FINANCIAL MORTGAGE CORPORATION | $365,000 | n/a | 0.4% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $900,000 | $360,000 | -60.0% | 0.4% |
GENEVA FINANCIAL, LLC | $355,000 | n/a | 0.4% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,155,000 | $345,000 | -84.0% | 0.4% |
GUARANTEED RATE, INC. | $660,000 | $345,000 | -47.7% | 0.4% |
THRIVENT Federal Credit Union | $345,000 | n/a | 0.4% | |
21ST MORTGAGE CORPORATION | $60,000 | $310,000 | 416.7% | 0.4% |
SECURITYNATIONAL MORTGAGE COMPANY | $305,000 | n/a | 0.4% | |
ON TAP | $295,000 | n/a | 0.4% | |
Servion, Inc. | $295,000 | n/a | 0.4% | |
Assurance Financial Group, L.L.C. | $285,000 | n/a | 0.3% | |
First Interstate Bank | $195,000 | $275,000 | 41.0% | 0.3% |
Nations Lending Corporation | $435,000 | $270,000 | -37.9% | 0.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $155,000 | $255,000 | 64.5% | 0.3% |
EVERETT FINANCIAL, INC. | $255,000 | n/a | 0.3% | |
JLB CORPORATION | $245,000 | n/a | 0.3% | |
Meridian Trust Federal Credit Union | $245,000 | n/a | 0.3% | |
CHURCHILL MORTGAGE CORPORATION | $235,000 | n/a | 0.3% | |
TOWNE MORTGAGE COMPANY | $235,000 | n/a | 0.3% | |
Bank of the West | $585,000 | $225,000 | -61.5% | 0.3% |
REVERSE MORTGAGE FUNDING LLC | $215,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $405,000 | $210,000 | -48.1% | 0.3% |
BOKF | $250,000 | $205,000 | -18.0% | 0.2% |
FINANCE OF AMERICA MORTGAGE LLC | $205,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $330,000 | $205,000 | -37.9% | 0.2% |
Grand Valley Bank | $205,000 | n/a | 0.2% | |
SOUTHWEST FUNDING, LP | $205,000 | n/a | 0.2% | |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $195,000 | n/a | 0.2% | |
MEGASTAR FINANCIAL CORP. | $325,000 | $195,000 | -40.0% | 0.2% |
Bank of America | $505,000 | $185,000 | -63.4% | 0.2% |
Kwik Mortgage Corporation | $185,000 | n/a | 0.2% | |
LADERA LENDING, INC. | $185,000 | n/a | 0.2% | |
PLANET HOME LENDING, LLC | $185,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $245,000 | $185,000 | -24.5% | 0.2% |
AMERICAN FINANCIAL RESOURCES, INC. | $465,000 | $175,000 | -62.4% | 0.2% |
NEW DAY FINANCIAL, LLC | $105,000 | $155,000 | 47.6% | 0.2% |
Northpointe Bank | $665,000 | $155,000 | -76.7% | 0.2% |
Figure Lending LLC | $130,000 | n/a | 0.2% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $15,000 | $125,000 | 733.3% | 0.2% |
MOVEMENT MORTGAGE, LLC | $125,000 | n/a | 0.2% | |
FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.1% | |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $115,000 | n/a | 0.1% | |
The Huntington National Bank | $110,000 | n/a | 0.1% | |
WINGS FINANCIAL | $105,000 | n/a | 0.1% | |
BELLCO | $55,000 | $100,000 | 81.8% | 0.1% |
AIR ACADEMY | $240,000 | $75,000 | -68.8% | 0.1% |
MOUNTAIN AMERICA | $75,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $65,000 | n/a | 0.1% | |
SECURITY SERVICE | $75,000 | $65,000 | -13.3% | 0.1% |
Utah Power | $60,000 | n/a | 0.1% | |
Sooper Credit Union | $55,000 | n/a | 0.1% | |
Third Federal Savings and Loan Association of Cleveland | $55,000 | n/a | 0.1% | |
Zions Bancorporation, N.A. | $345,000 | $45,000 | -87.0% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
Craig's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 11.2% market share. In second place, with 7.2%, is QUICKEN LOANS, LLC, having originated $5,955,000 in loans. In third place, with 6.8%, is Bank of Colorado, having originated $5,630,000 in loans. In fourth place, with 6.2%, is AMCAP MORTGAGE, LTD., having originated $5,125,000 in loans. In fifth place, with 6.0%, is NFM, INC., having originated $4,905,000 in loans.
Craig Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Craig (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 | $177,875 (7.9%) | $208,721 (7.4%) | 0.00 | 94 |
2018-02-01 | $169,000 (4.1%) | $194,448 (-0.2%) | 0.00 | 93 |
2018-03-01 | $169,000 (1.2%) | $200,953 (-1.7%) | 0.00 | 91 |
2018-04-01 | $183,500 (8.3%) | $212,223 (1.6%) | 0.00 | 88 |
2018-05-01 | $178,700 (5.2%) | $205,688 (-1.4%) | 0.00 | 109 |
2018-06-01 | $189,000 (8.0%) | $208,219 (-0.3%) | 0.00 | 136 |
2018-07-01 | $186,700 (3.8%) | $208,788 (1.0%) | 0.00 | 139 |
2018-08-01 | $177,450 (0.3%) | $211,250 (2.3%) | 0.00 | 146 |
2018-09-01 | $174,900 (-2.4%) | $208,931 (0.5%) | 0.00 | 133 |
2018-10-01 | $179,675 (0.7%) | $215,229 (6.7%) | 0.00 | 119 |
2018-11-01 | $179,950 (0.1%) | $258,866 (28.4%) | 0.00 | 105 |
2018-12-01 | $169,500 (-5.7%) | $259,283 (23.5%) | 0.00 | 93 |
2019-01-01 | $159,900 (-10.1%) | $239,451 (14.7%) | 0.00 | 91 |
2019-02-01 | $157,925 (-6.6%) | $240,781 (23.8%) | 0.00 | 87 |
2019-03-01 | $189,900 (12.4%) | $292,633 (45.6%) | 0.00 | 92 |
2019-04-01 | $191,750 (4.5%) | $288,649 (36.0%) | 0.00 | 103 |
2019-05-01 | $202,400 (13.3%) | $293,331 (42.6%) | 0.00 | 112 |
2019-06-01 | $195,500 (3.4%) | $276,675 (32.9%) | 0.00 | 122 |
2019-07-01 | $199,900 (7.1%) | $274,814 (31.6%) | 0.00 | 136 |
2019-08-01 | $213,000 (20.0%) | $258,009 (22.1%) | 0.00 | 144 |
2019-09-01 | $205,000 (17.2%) | $247,270 (18.4%) | 0.00 | 145 |
2019-10-01 | $202,400 (12.7%) | $255,508 (18.7%) | 0.00 | 135 |
2019-11-01 | $214,950 (19.5%) | $262,720 (1.5%) | 0.00 | 146 |
2019-12-01 | $209,900 (23.8%) | $268,678 (3.6%) | 0.00 | 130 |
2020-01-01 | $214,750 (34.3%) | $270,997 (13.2%) | 0.00 | 118 |
2020-02-01 | $222,000 (40.6%) | $268,896 (11.7%) | 0.00 | 127 |
2020-03-01 | $204,900 (7.9%) | $252,359 (-13.8%) | 0.00 | 137 |
2020-04-01 | $209,950 (9.5%) | $238,841 (-17.3%) | 0.00 | 132 |
2020-05-01 | $219,500 (8.5%) | $240,907 (-17.9%) | 0.00 | 156 |
2020-06-01 | $217,000 (11.0%) | $252,960 (-8.6%) | 0.00 | 165 |
2020-07-01 | $219,900 (10.0%) | $259,273 (-5.7%) | 0.00 | 174 |
2020-08-01 | $220,000 (3.3%) | $262,649 (1.8%) | 0.00 | 173 |
2020-09-01 | $223,700 (9.1%) | $272,913 (10.4%) | 0.00 | 173 |
2020-10-01 | $229,700 (13.5%) | $284,350 (11.3%) | 0.00 | 170 |
2020-11-01 | $237,450 (10.5%) | $304,279 (15.8%) | 0.00 | 130 |
2020-12-01 | $255,300 (21.6%) | $322,469 (20.0%) | 0.00 | 107 |
2021-01-01 | $264,950 (23.4%) | $311,355 (14.9%) | 0.00 | 88 |
2021-02-01 | $255,400 (15.1%) | $310,114 (15.3%) | 0.00 | 84 |
2021-03-01 | $256,450 (25.2%) | $319,782 (26.7%) | 0.00 | 88 |
2021-04-01 | $249,900 (19.0%) | $307,879 (28.9%) | 0.00 | 101 |
2021-05-01 | $244,000 (11.2%) | $315,085 (30.8%) | 0.00 | 111 |
2021-06-01 | $240,000 (10.6%) | $314,726 (24.4%) | 0.00 | 102 |
2021-07-01 | $249,500 (13.5%) | $304,493 (17.4%) | 0.00 | 95 |
2021-08-01 | $262,400 (19.3%) | $304,358 (15.9%) | 0.00 | 97 |
2021-09-01 | $261,200 (16.8%) | $429,698 (57.5%) | 0.00 | 96 |
2021-10-01 | $252,500 (9.9%) | $454,195 (59.7%) | 0.00 | 87 |
2021-11-01 | $249,925 (5.3%) | $475,346 (56.2%) | 0.00 | 81 |
2021-12-01 | $249,125 (-2.4%) | $515,618 (59.9%) | 0.00 | 66 |
2022-01-01 | $239,900 (-9.5%) | $536,194 (72.2%) | 0.00 | 58 |
2022-02-01 | $260,000 (1.8%) | $559,059 (80.3%) | 0.00 | 55 |
2022-03-01 | $276,750 (7.9%) | $481,910 (50.7%) | 0.00 | 56 |
2022-04-01 | $275,000 (10.0%) | $378,920 (23.1%) | 0.00 | 64 |
2022-05-01 | $284,950 (16.8%) | $358,908 (13.9%) | 0.00 | 76 |
2022-06-01 | $306,200 (27.6%) | $376,460 (19.6%) | 0.00 | 74 |
2022-07-01 | $329,900 (32.2%) | $419,199 (37.7%) | 0.00 | 70 |
2022-08-01 | $330,425 (25.9%) | $404,801 (33.0%) | 0.00 | 86 |
2022-09-01 | $329,450 (26.1%) | $420,928 (-2.0%) | 0.00 | 81 |
2022-10-01 | $325,000 (28.7%) | $440,551 (-3.0%) | 0.00 | 68 |
2022-11-01 | $299,900 (20.0%) | $425,123 (-10.6%) | 0.00 | 62 |
2022-12-01 | $295,000 (18.4%) | $436,679 (-15.3%) | 0.00 | 54 |
2023-01-01 | $295,000 (23.0%) | $456,844 (-14.8%) | 0.00 | 40 |
2023-02-01 | $326,000 (25.4%) | $494,395 (-11.6%) | 0.00 | 36 |
2023-03-01 | $296,750 (7.2%) | $442,723 (-8.1%) | 0.00 | 45 |
2023-04-01 | $280,000 (1.8%) | $385,552 (1.8%) | 0.00 | 53 |
Craig's median listing price comes in at 0% of the national average.
Craig's average listing price for 2023-04-01 was $385,552, a difference of $6,632 (1.8%) versus the prior year and $-57,171 versus the prior month.
For the 2023-04-01 period, Craig had 53 MLS listings, a difference of 8 listings (18%) versus the prior month and -11 listings (-17%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Craig (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,689 sqft |
2018-02-01 | 0 days | 1,620 sqft |
2018-03-01 | 0 days | 1,608 sqft |
2018-04-01 | 0 days | 1,686 sqft |
2018-05-01 | 0 days | 1,629 sqft |
2018-06-01 | 0 days | 1,680 sqft |
2018-07-01 | 0 days | 1,678 sqft |
2018-08-01 | 0 days | 1,623 sqft |
2018-09-01 | 0 days | 1,596 sqft |
2018-10-01 | 0 days | 1,622 sqft |
2018-11-01 | 0 days | 1,613 sqft |
2018-12-01 | 0 days | 1,582 sqft |
2019-01-01 | 0 days | 1,620 sqft |
2019-02-01 | 0 days | 1,625 sqft |
2019-03-01 | 0 days | 1,635 sqft |
2019-04-01 | 0 days | 1,680 sqft |
2019-05-01 | 0 days | 1,691 sqft |
2019-06-01 | 0 days | 1,666 sqft |
2019-07-01 | 0 days | 1,692 sqft |
2019-08-01 | 0 days | 1,700 sqft |
2019-09-01 | 0 days | 1,728 sqft |
2019-10-01 | 0 days | 1,737 sqft |
2019-11-01 | 0 days | 1,840 sqft |
2019-12-01 | 0 days | 1,849 sqft |
2020-01-01 | 0 days | 1,925 sqft |
2020-02-01 | 0 days | 1,960 sqft |
2020-03-01 | 0 days | 1,916 sqft |
2020-04-01 | 0 days | 1,926 sqft |
2020-05-01 | 0 days | 1,849 sqft |
2020-06-01 | 0 days | 1,811 sqft |
2020-07-01 | 0 days | 1,849 sqft |
2020-08-01 | 0 days | 1,848 sqft |
2020-09-01 | 0 days | 1,868 sqft |
2020-10-01 | 0 days | 1,872 sqft |
2020-11-01 | 0 days | 1,953 sqft |
2020-12-01 | 0 days | 2,000 sqft |
2021-01-01 | 0 days | 1,975 sqft |
2021-02-01 | 0 days | 1,988 sqft |
2021-03-01 | 0 days | 2,000 sqft |
2021-04-01 | 0 days | 2,000 sqft |
2021-05-01 | 0 days | 1,920 sqft |
2021-06-01 | 0 days | 1,830 sqft |
2021-07-01 | 0 days | 1,840 sqft |
2021-08-01 | 0 days | 1,836 sqft |
2021-09-01 | 0 days | 1,800 sqft |
2021-10-01 | 0 days | 1,732 sqft |
2021-11-01 | 0 days | 1,616 sqft |
2021-12-01 | 0 days | 1,572 sqft |
2022-01-01 | 0 days | 1,473 sqft |
2022-02-01 | 0 days | 1,557 sqft |
2022-03-01 | 0 days | 1,832 sqft |
2022-04-01 | 0 days | 1,632 sqft |
2022-05-01 | 0 days | 1,705 sqft |
2022-06-01 | 0 days | 1,839 sqft |
2022-07-01 | 0 days | 1,920 sqft |
2022-08-01 | 0 days | 1,971 sqft |
2022-09-01 | 0 days | 1,902 sqft |
2022-10-01 | 0 days | 1,848 sqft |
2022-11-01 | 0 days | 1,961 sqft |
2022-12-01 | 0 days | 1,920 sqft |
2023-01-01 | 0 days | 1,706 sqft |
2023-02-01 | 0 days | 1,812 sqft |
2023-03-01 | 0 days | 1,624 sqft |
2023-04-01 | 0 days | 1,394 sqft |
Craig's median square footage for active listings during the 2023-04-01 period was 1,394 sqft. One year prior, the average listing was 1,632 sqft.
Craig, CO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 225 | $51,585,000 | $229,267 |
Cash Out Refi | 84 | $17,830,000 | $212,262 |
Refi | 42 | $9,700,000 | $230,952 |
Other | 23 | $2,185,000 | $95,000 |
Home Improvement | 16 | $950,000 | $59,375 |
Craig's most frequently cited loan purpose was Home Purchase, with 225 originations. The 2nd most popular reason was Cash Out Refi, with 84 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 106 | $26,890,000 | $253,679 |
3-4% | 88 | $18,070,000 | $205,341 |
4-5% | 80 | $18,000,000 | $225,000 |
6-7% | 39 | $8,775,000 | $225,000 |
2.5-3% | 26 | $5,650,000 | $217,308 |
Over 8% | 23 | $955,000 | $41,522 |
<2.5% | 14 | $720,000 | $51,429 |
7-8% | 8 | $1,720,000 | $215,000 |
During 2022, Craig's most frequently originated rate bucket was 5-6%, with 106 originations.
Loan Sizing (Craig, CO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 176 | $47,220,000 | $268,295 |
$100k-200k | 118 | $18,570,000 | $157,373 |
$100,000 or less | 75 | $3,235,000 | $43,133 |
$400k-600k | 17 | $7,795,000 | $458,529 |
$600k-1000k | 2 | $1,480,000 | $740,000 |
$Over $1MM | 2 | $3,950,000 | $1,975,000 |
Craig's loan sizing saw the bucket of loans from $200k-400k with 176 originations, totaling $47,220,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 182 | $42,490,000 | $233,462 |
60-80% | 95 | $24,195,000 | $254,684 |
40-60% | 36 | $8,710,000 | $241,944 |
Under 20% | 35 | $985,000 | $28,143 |
20-40% | 32 | $3,390,000 | $105,938 |
Over 100% | 2 | $610,000 | $305,000 |
Craig's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 182 originations, totaling $42,490,000 in origination value.