Craig Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Craig averaged
6.98%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.91% and
one month ago for the week of 2025-05-15, the
average rate was 7.08%.
Craig's average rate one year ago was 7.12%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.21%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Craig 30 Year Fixed Rate | 2025-06-18 | 6.98% |
| Craig 30 Year Fixed Rate Refi | 2025-06-18 | 7.21% |
| Craig 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Craig 15 Year Fixed Rate Refi | 2025-06-18 | 6.66% |
| Craig 30 Year FHA | 2025-06-18 | -0.2% |
| Craig 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Craig 30 Year USDA | 2025-06-18 | 0.1% |
| Craig 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Craig 30 Year VA | 2025-06-18 | -0.2% |
| Craig 30 Year VA Refi | 2025-06-18 | -0.1% |
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 26 lenders originated 283
loans during 2024. The total origination value was $69,295,000, with an average loan value of
$244,859.
Craig's average closing costs are $5,645.
The top Craig lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
15 loans originated. Their average total fees are
$4,838, which is $1,593
lower than the next largest lender,
NFM, INC..
The lowest fee Craig lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($4,838), Bank of Colorado ($5,641), NFM, INC. ($6,431), CROSSCOUNTRY MORTGAGE, LLC ($7,279) and .
The lowest rate Craig lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.86%), Bank of Colorado (6.86%), NFM, INC. (6.91%), CROSSCOUNTRY MORTGAGE, LLC (7.32%) 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| NFM, INC. | $10,380,000 | $11,770,000 | 13.4% | 17.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,970,000 | $6,860,000 | -1.6% | 9.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,515,000 | $6,775,000 | 347.2% | 9.8% |
| Bank of Colorado | $3,965,000 | $5,360,000 | 35.2% | 7.7% |
| QUICKEN LOANS, LLC | $4,755,000 | $4,770,000 | 0.3% | 6.9% |
| GREYSTONE SERVICING COMPANY LLC | $3,135,000 | n/a | 4.5% | |
| PENNYMAC LOAN SERVICES, LLC | $585,000 | $2,195,000 | 275.2% | 3.2% |
| Mortgage Research Center, LLC | $1,830,000 | $1,880,000 | 2.7% | 2.7% |
| GUILD MORTGAGE COMPANY | $750,000 | $1,430,000 | 90.7% | 2.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,505,000 | $1,405,000 | -6.6% | 2.0% |
| Farm Credit Mid-America, ACA | $1,350,000 | n/a | 1.9% | |
| BROKER SOLUTIONS, INC. | $1,525,000 | $1,020,000 | -33.1% | 1.5% |
| MOUNTAIN AMERICA | $1,020,000 | n/a | 1.5% | |
| FREEDOM MORTGAGE CORPORATION | $390,000 | $935,000 | 139.7% | 1.3% |
| SWBC MORTGAGE CORPORATION | $860,000 | n/a | 1.2% | |
| GROUP MORTGAGE, LLC | $285,000 | $825,000 | 189.5% | 1.2% |
| PLAZA HOME MORTGAGE, INC. | $780,000 | n/a | 1.1% | |
| Wells Fargo Bank | $540,000 | $780,000 | 44.4% | 1.1% |
| The Federal Savings Bank | $185,000 | $740,000 | 300.0% | 1.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $635,000 | n/a | 0.9% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $620,000 | n/a | 0.9% | |
| NEW DAY FINANCIAL, LLC | $600,000 | n/a | 0.9% | |
| 21ST MORTGAGE CORPORATION | $255,000 | $555,000 | 117.6% | 0.8% |
| BMO Harris Bank | $395,000 | $550,000 | 39.2% | 0.8% |
| Glacier Bank | $505,000 | $535,000 | 5.9% | 0.8% |
| The Central Trust Bank | $480,000 | n/a | 0.7% | |
| NAVY FEDERAL CREDIT UNION | $495,000 | $460,000 | -7.1% | 0.7% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $440,000 | n/a | 0.6% | |
| CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $100,000 | $430,000 | 330.0% | 0.6% |
| Elevations Credit Union | $155,000 | $420,000 | 171.0% | 0.6% |
| VILLAGE CAPITAL MORTGAGE | $415,000 | n/a | 0.6% | |
| PANORAMA MORTGAGE GROUP, LLC | $395,000 | n/a | 0.6% | |
| NEWREZ LLC | $275,000 | $390,000 | 41.8% | 0.6% |
| BAY EQUITY LLC | $740,000 | $385,000 | -48.0% | 0.6% |
| CARDINAL FINANCIAL | $385,000 | n/a | 0.6% | |
| Plains Commerce Bank | $315,000 | n/a | 0.5% | |
| SECURITY SERVICE | $85,000 | $310,000 | 264.7% | 0.4% |
| Alpine Bank | $365,000 | $305,000 | -16.4% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,525,000 | $305,000 | -80.0% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $300,000 | n/a | 0.4% | |
| AMERISAVE MORTGAGE CORPORATION | $295,000 | n/a | 0.4% | |
| UNION HOME MORTGAGE CORP. | $295,000 | n/a | 0.4% | |
| GUARANTEED RATE, INC. | $500,000 | $285,000 | -43.0% | 0.4% |
| Equity Prime Mortgage LLC | $275,000 | n/a | 0.4% | |
| First Western Trust Bank | $275,000 | n/a | 0.4% | |
| Carrington Mortgage Services, LLC | $265,000 | n/a | 0.4% | |
| CORNERSTONE HOME LENDING, INC. | $245,000 | n/a | 0.4% | |
| JPMorgan Chase Bank | $275,000 | $225,000 | -18.2% | 0.3% |
| Nations Lending Corporation | $195,000 | n/a | 0.3% | |
| Discover Bank | $45,000 | $130,000 | 188.9% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $240,000 | $130,000 | -45.8% | 0.2% |
| AMERITRUST MORTGAGE CORPORATION | $125,000 | n/a | 0.2% | |
| U.S. Bank | $420,000 | $105,000 | -75.0% | 0.2% |
| PREMIER MEMBERS CREDIT UNION | $95,000 | n/a | 0.1% | |
| Figure Lending LLC | $205,000 | $85,000 | -58.5% | 0.1% |
| Coastal Community Bank | $90,000 | $75,000 | -16.7% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $75,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $75,000 | n/a | 0.1% | |
| BELLCO | $55,000 | n/a | 0.1% | |
| Ent Credit Union | $910,000 | $55,000 | -94.0% | 0.1% |
| MidFirst Bank | $35,000 | n/a | 0.1% | |
| Sooper Credit Union | $75,000 | $35,000 | -53.3% | 0.1% |
Craig's top lender by overall market share is NFM, INC., with 17.0% market share. In second place, with 9.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,860,000 in loans. In third place, with 9.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $6,775,000 in loans. In fourth place, with 7.7%, is Bank of Colorado, having originated $5,360,000 in loans. In fifth place, with 6.9%, is QUICKEN LOANS, LLC, having originated $4,770,000 in loans.
Craig, CO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 184 | $51,200,000 | $278,261 |
| Cash Out Refi | 38 | $8,670,000 | $228,158 |
| Refi | 25 | $6,835,000 | $273,400 |
| Other | 24 | $1,900,000 | $79,167 |
| Home Improvement | 12 | $690,000 | $57,500 |
Craig's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 132 | $38,790,000 | $293,864 |
| 7-8% | 62 | $17,200,000 | $277,419 |
| Over 8% | 46 | $3,510,000 | $76,304 |
| 5-6% | 28 | $7,940,000 | $283,571 |
| <2.5% | 7 | $75,000 | $10,714 |
During 2024, Craig's most frequently originated rate bucket was 6-7%, with 132 originations.
Loan Sizing (Craig, CO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 147 | $43,145,000 | $293,503 |
| $100,000 or less | 62 | $3,390,000 | $54,677 |
| $100k-200k | 48 | $7,420,000 | $154,583 |
| $400k-600k | 21 | $9,555,000 | $455,000 |
| $600k-1000k | 4 | $2,650,000 | $662,500 |
| $Over $1MM | 1 | $3,135,000 | $3,135,000 |
Craig's loan sizing saw the bucket of loans from $200k-400k with 147 originations, totaling $43,145,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 151 | $43,395,000 | $287,384 |
| 60-80% | 40 | $13,680,000 | $342,000 |
| 20-40% | 28 | $2,340,000 | $83,571 |
| Under 20% | 28 | $1,000,000 | $35,714 |
| 40-60% | 21 | $4,705,000 | $224,048 |
| Over 100% | 2 | $740,000 | $370,000 |
Craig's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 151 originations, totaling $43,395,000 in origination value.