Craig Mortgage Rates & Closing Costs

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

    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%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Craig, CO.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 29 4.90% $3,828
    Bank of Colorado 13 4.62% $3,138
    QUICKEN LOANS, LLC 13 4.71% $7,466
    NFM, INC. 10 5.39% $4,615
    CROSSCOUNTRY MORTGAGE, LLC 7 5.56% $5,201
    AMERICAN FINANCING CORPORATION 5 4.38% $5,863
    ACADEMY MORTGAGE CORPORATION 5 5.33% $5,478
    AMCAP MORTGAGE, LTD. 4 5.00% $5,451
    Wells Fargo Bank 4 4.59% $1,756
    GUILD MORTGAGE COMPANY 4 4.06% $5,752
    AMERISAVE MORTGAGE CORPORATION 3 4.58% $7,632
    Mr. Cooper ( Nationstar Mortgage ) 3 4.71% $8,977
    LOANDEPOT.COM, LLC 3 4.88% $4,320
    BROKER SOLUTIONS, INC. 3 4.21% $6,349
    CORNERSTONE HOME LENDING, INC. 2 6.00% $5,690
    NEWREZ LLC 2 4.56% $4,667
    NAVY FEDERAL CREDIT UNION 2 6.31% $2,280
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.19% $4,218
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.87% $5,997
    ZILLOW HOME LOANS, LLC 2 5.50% $5,318
    Alpine Bank 2 3.88% $3,280
    SUMMIT FUNDING, INC. 2 3.38% $6,326
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 2 4.94% $8,373
    UNIVERSAL LENDING CORPORATION 1 5.88% $3,119
    U.S. Bank 1 4.88% $2,680
    LAKEVIEW LOAN SERVICING, LLC 1 3.99% $4,970
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.63% $3,143
    Assurance Financial Group, L.L.C. 1 6.88% $3,076
    BOKF 1 5.25% $3,392
    CALIBER HOME LOANS, INC. 1 3.88% $10,473
    CHERRY CREEK MORTGAGE, LLC 1 5.63% $878
    CHURCHILL MORTGAGE CORPORATION 1 6.50% $4,162
    CMG MORTGAGE, INC. 1 6.50% $13,711
    EVERETT FINANCIAL, INC. 1 5.88% $1,776
    FINANCE OF AMERICA MORTGAGE LLC 1 4.99% $7,128
    FREEDOM MORTGAGE CORPORATION 1 4.25% $4,740
    Glacier Bank 1 4.50% $3,172
    HOME POINT FINANCIAL CORPORATION 1 4.38% $2,696
    LENOX FINANCIAL MORTGAGE CORPORATION 1 3.99% $6,505
    Loan Simple, Inc. 1 3.25% $7,888
    Meridian Trust Federal Credit Union 1 3.75% $7,170
    MOVEMENT MORTGAGE, LLC 1 4.88% $5,428
    ON TAP 1 5.38% $4,887
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.38% $2,883
    Servion, Inc. 1 5.38% $4,887
    SOUTHWEST FUNDING, LP 1 5.99% $4,576
    Stifel Bank and Trust 1 3.75% $2,278
    THRIVENT Federal Credit Union 1 2.88% $3,670

    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. Louis
    Date 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 for 2023-04-01 was $280,000, a difference of $5,000 (1.8%) versus the prior year and $-16,750 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-04-01 was 0 days.

    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.