Deming Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Deming averaged
7.01%
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
6.84% and
one month ago for the week of 2025-05-15, the
average rate was 7.01%.
Deming's average rate one year ago was 7.05%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.31%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
Deming 30 Year Fixed Rate | 2025-06-18 | 7.01% |
Deming 30 Year Fixed Rate Refi | 2025-06-18 | 7.31% |
Deming 15 Year Fixed Rate | 2025-06-18 | 6.16% |
Deming 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
Deming 30 Year FHA | 2025-06-18 | -0.2% |
Deming 30 Year FHA Refi | 2025-06-18 | 0.2% |
Deming 30 Year USDA | 2025-06-18 | -0.1% |
Deming 30 Year USDA Refi | 2025-06-18 | -0.1% |
Deming 30 Year VA | 2025-06-18 | 0.1% |
Deming 30 Year VA Refi | 2025-06-18 | 0.2% |
Deming 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 Deming, 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.).
Deming Average Closing Costs & Other Stats
Deming, NM's 27 lenders originated 224
loans during 2024. The total origination value was $28,470,000, with an average loan value of
$127,098.
Deming's average closing costs are $5,006.
The top Deming lender as defined by loan originations is QUICKEN LOANS, LLC, with
6 loans originated. Their average total fees are
$6,762, which is $1,651
higher than the next largest lender,
TIB The Independent Bankersbank.
The lowest fee Deming lenders (with over 10 loans originated) are
.
The lowest rate Deming lenders (with over 10 loans originated) are
.
Deming, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
---|---|---|---|---|
GUILD MORTGAGE COMPANY | $2,995,000 | $4,095,000 | 36.7% | 14.4% |
QUICKEN LOANS, LLC | $3,420,000 | $2,415,000 | -29.4% | 8.5% |
Mortgage Research Center, LLC | $1,830,000 | $1,915,000 | 4.6% | 6.7% |
UNITED WHOLESALE MORTGAGE, LLC | $455,000 | $1,775,000 | 290.1% | 6.2% |
TIB The Independent Bankersbank | $1,660,000 | $1,480,000 | -10.8% | 5.2% |
21ST MORTGAGE CORPORATION | $1,615,000 | $965,000 | -40.2% | 3.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $250,000 | $960,000 | 284.0% | 3.4% |
BAYSHORE MORTGAGE FUNDING, LLC | $935,000 | n/a | 3.3% | |
JPMorgan Chase Bank | $440,000 | $900,000 | 104.5% | 3.2% |
Waterstone Mortgage Corporation | $660,000 | $900,000 | 36.4% | 3.2% |
LOANDEPOT.COM, LLC | $390,000 | $880,000 | 125.6% | 3.1% |
NOVA FINANCIAL & INVESTMENT CORPORATION | $135,000 | $715,000 | 429.6% | 2.5% |
Commerce Home Mortgage, Inc. | $365,000 | $700,000 | 91.8% | 2.5% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $530,000 | n/a | 1.9% | |
VILLAGE CAPITAL MORTGAGE | $510,000 | n/a | 1.8% | |
USAA Federal Savings Bank | $505,000 | n/a | 1.8% | |
Wells Fargo Bank | $650,000 | $480,000 | -26.2% | 1.7% |
Citizens Bank of Las Cruces | $220,000 | $430,000 | 95.5% | 1.5% |
U.S. Bank | $370,000 | n/a | 1.3% | |
Discover Bank | $130,000 | $360,000 | 176.9% | 1.3% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $555,000 | $360,000 | -35.1% | 1.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $55,000 | $350,000 | 536.4% | 1.2% |
NEWREZ LLC | $350,000 | n/a | 1.2% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $345,000 | n/a | 1.2% | |
BROKER SOLUTIONS, INC. | $115,000 | $340,000 | 195.7% | 1.2% |
PENTAGON FEDERAL CREDIT UNION | $315,000 | n/a | 1.1% | |
First Savings Bank | $295,000 | n/a | 1.0% | |
MID AMERICA MORTGAGE, INC. | $270,000 | $270,000 | 0.0% | 0.9% |
Nations Lending Corporation | $185,000 | $245,000 | 32.4% | 0.9% |
First National Bank of America | $235,000 | n/a | 0.8% | |
HOMESIDE FINANCIAL, LLC | $145,000 | $235,000 | 62.1% | 0.8% |
PLANET HOME LENDING, LLC | $225,000 | n/a | 0.8% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $55,000 | $210,000 | 281.8% | 0.7% |
Gateway First Bank | $105,000 | $200,000 | 90.5% | 0.7% |
MICHIGAN MUTUAL, INC. | $190,000 | n/a | 0.7% | |
NEW DAY FINANCIAL, LLC | $175,000 | n/a | 0.6% | |
Loan Simple, Inc. | $170,000 | n/a | 0.6% | |
CROSSCOUNTRY MORTGAGE, LLC | $165,000 | n/a | 0.6% | |
POLARIS HOME FUNDING CORP. | $165,000 | n/a | 0.6% | |
LOANPAL, LLC | $160,000 | n/a | 0.6% | |
CORNERSTONE HOME LENDING, INC. | $1,475,000 | $135,000 | -90.8% | 0.5% |
First Financial Credit Union | $110,000 | $135,000 | 22.7% | 0.5% |
PHH Mortgage Corporation | $135,000 | n/a | 0.5% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $135,000 | n/a | 0.5% | |
CMG MORTGAGE, INC. | $125,000 | n/a | 0.4% | |
FREEDOM MORTGAGE CORPORATION | $915,000 | $125,000 | -86.3% | 0.4% |
NBKC BANK | $115,000 | n/a | 0.4% | |
PLAZA HOME MORTGAGE, INC. | $145,000 | $115,000 | -20.7% | 0.4% |
VAN DYK MORTGAGE CORPORATION | $135,000 | $105,000 | -22.2% | 0.4% |
Century Mortgage Company DBA Century Lending Company | $295,000 | $95,000 | -67.8% | 0.3% |
NAVY FEDERAL CREDIT UNION | $165,000 | $90,000 | -45.5% | 0.3% |
Bank of America | $45,000 | $85,000 | 88.9% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $75,000 | n/a | 0.3% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $65,000 | n/a | 0.2% | |
BMO Harris Bank | $55,000 | n/a | 0.2% | |
NUSENDA | $185,000 | $35,000 | -81.1% | 0.1% |
AMERISAVE MORTGAGE CORPORATION | $65,000 | $25,000 | -61.5% | 0.1% |
Deming's top lender by overall market share is GUILD MORTGAGE COMPANY, with 14.4% market share. In second place, with 8.5%, is QUICKEN LOANS, LLC, having originated $2,415,000 in loans. In third place, with 6.7%, is Mortgage Research Center, LLC, having originated $1,915,000 in loans. In fourth place, with 6.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $1,775,000 in loans. In fifth place, with 5.2%, is TIB The Independent Bankersbank, having originated $1,480,000 in loans.
Deming, NM Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 158 | $18,750,000 | $118,671 |
Cash Out Refi | 27 | $3,585,000 | $132,778 |
Refi | 22 | $4,680,000 | $212,727 |
Other | 14 | $1,280,000 | $91,429 |
Home Improvement | 3 | $175,000 | $58,333 |
Deming's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 81 | $12,425,000 | $153,395 |
Over 8% | 42 | $2,840,000 | $67,619 |
5-6% | 36 | $7,150,000 | $198,611 |
7-8% | 33 | $4,355,000 | $131,970 |
<2.5% | 23 | $335,000 | $14,565 |
4-5% | 5 | $1,055,000 | $211,000 |
During 2024, Deming's most frequently originated rate bucket was 6-7%, with 81 originations.
Loan Sizing (Deming, NM MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 88 | $3,080,000 | $35,000 |
$100k-200k | 87 | $12,655,000 | $145,460 |
$200k-400k | 48 | $12,230,000 | $254,792 |
$400k-600k | 1 | $505,000 | $505,000 |
Deming's loan sizing saw the bucket of loans from $100,000 or less with 88 originations, totaling $3,080,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 91 | $17,255,000 | $189,615 |
Under 20% | 54 | $610,000 | $11,296 |
60-80% | 39 | $5,445,000 | $139,615 |
20-40% | 15 | $1,145,000 | $76,333 |
40-60% | 13 | $1,655,000 | $127,308 |
Over 100% | 4 | $950,000 | $237,500 |
Deming's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 91 originations, totaling $17,255,000 in origination value.