Deming Mortgage Rates & Closing Costs

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

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

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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 6 7.02% $6,762
TIB The Independent Bankersbank 6 6.75% $5,111
Waterstone Mortgage Corporation 5 6.50% $4,812
JPMorgan Chase Bank 4 6.31% $3,425
LOANDEPOT.COM, LLC 3 6.66% $6,059
GUILD MORTGAGE COMPANY 3 7.29% $6,758
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.33% $4,141
UNITED WHOLESALE MORTGAGE, LLC 2 6.48% $5,836
MID AMERICA MORTGAGE, INC. 2 6.75% $4,693
NEWREZ LLC 2 6.56% $8,381
NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.99% $3,357
PHH Mortgage Corporation 1 6.49% $7,436
ROYAL UNITED MORTGAGE LLC 1 7.50% $4,867
USAA Federal Savings Bank 1 7.50% $2,625
U.S. Bank 1 6.63% $3,102
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $8,334
AMERICAN PACIFIC MORTGAGE CORPORATION 1 8.63% $2,072
Wells Fargo Bank 1 5.25% $0
Bank of America 1 7.25% $3,507
BAYSHORE MORTGAGE FUNDING, LLC 1 7.50% $5,283
BROKER SOLUTIONS, INC. 1 7.00% $5,789
Citizens Bank of Las Cruces 1 6.50% $2,153
Discover Bank 1 7.05% $0
First Financial Credit Union 1 6.50% $4,367
First National Bank of America 1 8.99% $10,454
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $4,389
NBKC BANK 1 8.13% $6,094

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.