Deming Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Deming averaged
5.92%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.08% and
one month ago for the week of 2024-08-29, the
average rate was 6.35%.
Deming's average rate one year ago was 7.51%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.72%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Deming 30 Year Fixed Rate | 2024-10-03 | 5.92% |
Deming 30 Year Fixed Rate Refi | 2024-10-03 | 6.72% |
Deming 15 Year Fixed Rate | 2024-10-03 | 5.45% |
Deming 15 Year Fixed Rate Refi | 2024-10-03 | 5.55% |
Deming 30 Year FHA | 2024-10-03 | 6.09% |
Deming 30 Year FHA Refi | 2024-10-03 | 5.69% |
Deming 30 Year USDA | 2024-10-03 | 6.17% |
Deming 30 Year USDA Refi | 2024-10-03 | 6.07% |
Deming 30 Year VA | 2024-10-03 | 5.4% |
Deming 30 Year VA Refi | 2024-10-03 | 5.8% |
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
QUICKEN LOANS, LLC | 8 | 6.82% | $6,886 |
CORNERSTONE HOME LENDING, INC. | 6 | 6.15% | $4,187 |
GUILD MORTGAGE COMPANY | 4 | 6.19% | $5,220 |
Wells Fargo Bank | 4 | 7.25% | $5,418 |
21ST MORTGAGE CORPORATION | 2 | 7.43% | $5,987 |
ACADEMY MORTGAGE CORPORATION | 2 | 7.13% | $3,429 |
JPMorgan Chase Bank | 2 | 7.12% | $5,120 |
TIB The Independent Bankersbank | 2 | 7.00% | $4,858 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 7.69% | $5,892 |
MANN FINANCIAL INC. | 1 | 6.50% | $939 |
Mortgage Research Center, LLC | 1 | 6.63% | $2,969 |
MOUNTAIN AMERICA | 1 | 7.00% | $5,755 |
MOVEMENT MORTGAGE, LLC | 1 | 6.25% | $8,025 |
Mr. Cooper ( Nationstar Mortgage ) | 1 | 7.49% | $7,474 |
NAVY FEDERAL CREDIT UNION | 1 | 9.25% | $6,287 |
NUSENDA | 1 | 5.63% | $3,070 |
GECU | 1 | 6.88% | $4,171 |
Waterstone Mortgage Corporation | 1 | 5.63% | $4,782 |
CARDINAL FINANCIAL | 1 | 6.63% | $6,403 |
US MORTGAGE CORPORATION | 1 | 7.63% | $3,967 |
VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 8.25% | $10,655 |
HOMESIDE FINANCIAL, LLC | 1 | 7.38% | $3,638 |
VAN DYK MORTGAGE CORPORATION | 1 | 6.75% | $6,197 |
LOANDEPOT.COM, LLC | 1 | 6.63% | $7,702 |
Deming Average Closing Costs & Other Stats
Deming, NM's 24 lenders originated 189
loans during 2023. The total origination value was $24,235,000, with an average loan value of
$128,228.
Deming's average closing costs are $4,815.
The top Deming lender as defined by loan originations is QUICKEN LOANS, LLC, with
8 loans originated. Their average total fees are
$6,886, which is $2,698
higher than the next largest lender,
CORNERSTONE HOME LENDING, INC..
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
QUICKEN LOANS, LLC | $3,980,000 | $3,420,000 | -14.1% | 14.1% |
GUILD MORTGAGE COMPANY | $1,205,000 | $2,995,000 | 148.5% | 12.4% |
Mortgage Research Center, LLC | $2,125,000 | $1,830,000 | -13.9% | 7.6% |
TIB The Independent Bankersbank | $2,355,000 | $1,660,000 | -29.5% | 6.8% |
21ST MORTGAGE CORPORATION | $1,115,000 | $1,615,000 | 44.8% | 6.7% |
CORNERSTONE HOME LENDING, INC. | $1,220,000 | $1,475,000 | 20.9% | 6.1% |
ACADEMY MORTGAGE CORPORATION | $965,000 | n/a | 4.0% | |
FREEDOM MORTGAGE CORPORATION | $215,000 | $915,000 | 325.6% | 3.8% |
Waterstone Mortgage Corporation | $1,225,000 | $660,000 | -46.1% | 2.7% |
Wells Fargo Bank | $1,400,000 | $650,000 | -53.6% | 2.7% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $325,000 | $555,000 | 70.8% | 2.3% |
UNITED WHOLESALE MORTGAGE, LLC | $660,000 | $455,000 | -31.1% | 1.9% |
JPMorgan Chase Bank | $465,000 | $440,000 | -5.4% | 1.8% |
Mr. Cooper ( Nationstar Mortgage ) | $145,000 | $435,000 | 200.0% | 1.8% |
MANN FINANCIAL INC. | $655,000 | $405,000 | -38.2% | 1.7% |
First New Mexico Bank, Las Cruces | $400,000 | n/a | 1.7% | |
LOANDEPOT.COM, LLC | $1,195,000 | $390,000 | -67.4% | 1.6% |
Commerce Home Mortgage, Inc. | $365,000 | n/a | 1.5% | |
PENNYMAC LOAN SERVICES, LLC | $390,000 | $350,000 | -10.3% | 1.4% |
Century Mortgage Company DBA Century Lending Company | $185,000 | $295,000 | 59.5% | 1.2% |
MID AMERICA MORTGAGE, INC. | $270,000 | n/a | 1.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $250,000 | $250,000 | 0.0% | 1.0% |
Citizens Bank of Las Cruces | $250,000 | $220,000 | -12.0% | 0.9% |
GECU | $220,000 | n/a | 0.9% | |
US MORTGAGE CORPORATION | $205,000 | n/a | 0.8% | |
Nations Lending Corporation | $180,000 | $185,000 | 2.8% | 0.8% |
NUSENDA | $145,000 | $185,000 | 27.6% | 0.8% |
AMCAP MORTGAGE, LTD. | $120,000 | $170,000 | 41.7% | 0.7% |
NAVY FEDERAL CREDIT UNION | $170,000 | $165,000 | -2.9% | 0.7% |
AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | n/a | 0.6% | |
HOMESIDE FINANCIAL, LLC | $225,000 | $145,000 | -35.6% | 0.6% |
PLAZA HOME MORTGAGE, INC. | $145,000 | n/a | 0.6% | |
MOUNTAIN AMERICA | $135,000 | n/a | 0.6% | |
MOVEMENT MORTGAGE, LLC | $135,000 | n/a | 0.6% | |
NOVA FINANCIAL & INVESTMENT CORPORATION | $135,000 | n/a | 0.6% | |
VAN DYK MORTGAGE CORPORATION | $375,000 | $135,000 | -64.0% | 0.6% |
Discover Bank | $130,000 | n/a | 0.5% | |
BROKER SOLUTIONS, INC. | $135,000 | $115,000 | -14.8% | 0.5% |
First Financial Credit Union | $210,000 | $110,000 | -47.6% | 0.5% |
SECURITYNATIONAL MORTGAGE COMPANY | $225,000 | $110,000 | -51.1% | 0.5% |
Gateway First Bank | $400,000 | $105,000 | -73.8% | 0.4% |
CARDINAL FINANCIAL | $155,000 | $95,000 | -38.7% | 0.4% |
CREDIT HUMAN FEDERAL CREDIT UNION | $85,000 | n/a | 0.4% | |
STATE EMPLOYEES | $75,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $640,000 | $65,000 | -89.8% | 0.3% |
Notre Dame Federal Credit Union Corporation | $65,000 | n/a | 0.3% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $55,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $55,000 | n/a | 0.2% | |
Bank of America | $65,000 | $45,000 | -30.8% | 0.2% |
Coastal Community Bank | $5,000 | n/a | 0.0% |
Deming's top lender by overall market share is QUICKEN LOANS, LLC, with 14.1% market share. In second place, with 12.4%, is GUILD MORTGAGE COMPANY, having originated $2,995,000 in loans. In third place, with 7.6%, is Mortgage Research Center, LLC, having originated $1,830,000 in loans. In fourth place, with 6.8%, is TIB The Independent Bankersbank, having originated $1,660,000 in loans. In fifth place, with 6.7%, is 21ST MORTGAGE CORPORATION, having originated $1,615,000 in loans.
Deming Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Deming (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 | $125,000 (0.8%) | $164,749 (21.7%) | 0.00 | 152 |
2018-02-01 | $126,600 (1.3%) | $166,741 (22.3%) | 0.00 | 143 |
2018-03-01 | $126,750 (3.7%) | $177,070 (27.3%) | 0.00 | 143 |
2018-04-01 | $125,248 (4.5%) | $162,646 (17.8%) | 0.00 | 144 |
2018-05-01 | $127,700 (5.6%) | $207,969 (46.6%) | 0.00 | 142 |
2018-06-01 | $139,700 (11.8%) | $218,622 (50.9%) | 0.00 | 128 |
2018-07-01 | $135,000 (8.0%) | $209,873 (42.6%) | 0.00 | 139 |
2018-08-01 | $128,700 (3.0%) | $207,670 (41.3%) | 0.00 | 139 |
2018-09-01 | $127,900 (4.9%) | $219,601 (52.3%) | 0.00 | 132 |
2018-10-01 | $135,625 (7.0%) | $202,333 (24.2%) | 0.00 | 131 |
2018-11-01 | $131,825 (2.9%) | $169,538 (3.9%) | 0.00 | 131 |
2018-12-01 | $129,950 (4.0%) | $166,144 (2.9%) | 0.00 | 137 |
2019-01-01 | $128,950 (3.2%) | $165,051 (0.2%) | 0.00 | 138 |
2019-02-01 | $129,950 (2.7%) | $166,584 (-0.1%) | 0.00 | 135 |
2019-03-01 | $132,000 (4.1%) | $192,005 (8.4%) | 0.00 | 133 |
2019-04-01 | $128,000 (2.2%) | $189,332 (16.4%) | 0.00 | 136 |
2019-05-01 | $129,425 (1.4%) | $189,444 (-8.9%) | 0.00 | 143 |
2019-06-01 | $130,000 (-6.9%) | $191,181 (-12.6%) | 0.00 | 141 |
2019-07-01 | $135,125 (0.1%) | $226,287 (7.8%) | 0.00 | 147 |
2019-08-01 | $136,364 (6.0%) | $212,873 (2.5%) | 0.00 | 136 |
2019-09-01 | $138,409 (8.2%) | $197,364 (-10.1%) | 0.00 | 130 |
2019-10-01 | $140,000 (3.2%) | $208,228 (2.9%) | 0.00 | 126 |
2019-11-01 | $140,000 (6.2%) | $149,377 (-11.9%) | 0.00 | 129 |
2019-12-01 | $139,900 (7.7%) | $150,584 (-9.4%) | 0.00 | 120 |
2020-01-01 | $137,475 (6.6%) | $152,301 (-7.7%) | 0.00 | 115 |
2020-02-01 | $137,450 (5.8%) | $152,333 (-8.6%) | 0.00 | 117 |
2020-03-01 | $150,325 (13.9%) | $164,635 (-14.3%) | 0.00 | 109 |
2020-04-01 | $155,000 (21.1%) | $168,239 (-11.1%) | 0.00 | 98 |
2020-05-01 | $168,000 (29.8%) | $168,714 (-10.9%) | 0.00 | 93 |
2020-06-01 | $156,175 (20.1%) | $164,109 (-14.2%) | 0.00 | 90 |
2020-07-01 | $149,300 (10.5%) | $162,473 (-28.2%) | 0.00 | 84 |
2020-08-01 | $147,450 (8.1%) | $162,951 (-23.5%) | 0.00 | 87 |
2020-09-01 | $151,450 (9.4%) | $173,660 (-12.0%) | 0.00 | 81 |
2020-10-01 | $157,000 (12.1%) | $178,057 (-14.5%) | 0.00 | 73 |
2020-11-01 | $148,950 (6.4%) | $173,231 (16.0%) | 0.00 | 72 |
2020-12-01 | $157,450 (12.5%) | $178,789 (18.7%) | 0.00 | 67 |
2021-01-01 | $166,000 (20.8%) | $184,896 (21.4%) | 0.00 | 65 |
2021-02-01 | $165,625 (20.5%) | $180,663 (18.6%) | 0.00 | 59 |
2021-03-01 | $162,425 (8.1%) | $172,276 (4.6%) | 0.00 | 58 |
2021-04-01 | $159,500 (2.9%) | $171,999 (2.2%) | 0.00 | 55 |
2021-05-01 | $157,500 (-6.3%) | $167,097 (-1.0%) | 0.00 | 49 |
2021-06-01 | $167,400 (7.2%) | $178,508 (8.8%) | 0.00 | 57 |
2021-07-01 | $167,500 (12.2%) | $182,039 (12.0%) | 0.00 | 69 |
2021-08-01 | $162,750 (10.4%) | $182,245 (11.8%) | 0.00 | 70 |
2021-09-01 | $167,500 (10.6%) | $188,119 (8.3%) | 0.00 | 64 |
2021-10-01 | $168,900 (7.6%) | $203,655 (14.4%) | 0.00 | 62 |
2021-11-01 | $171,175 (14.9%) | $205,237 (18.5%) | 0.00 | 60 |
2021-12-01 | $160,000 (1.6%) | $192,122 (7.5%) | 0.00 | 55 |
2022-01-01 | $169,000 (1.8%) | $193,032 (4.4%) | 0.00 | 46 |
2022-02-01 | $169,450 (2.3%) | $191,460 (6.0%) | 0.00 | 43 |
2022-03-01 | $169,000 (4.1%) | $187,583 (8.9%) | 0.00 | 45 |
2022-04-01 | $154,900 (-2.9%) | $177,982 (3.5%) | 0.00 | 34 |
2022-05-01 | $165,900 (5.3%) | $184,640 (10.5%) | 0.00 | 29 |
2022-06-01 | $160,000 (-4.4%) | $190,837 (6.9%) | 0.00 | 32 |
2022-07-01 | $160,000 (-4.5%) | $186,005 (2.2%) | 0.00 | 35 |
2022-08-01 | $175,000 (7.5%) | $183,739 (0.8%) | 0.00 | 31 |
2022-09-01 | $172,450 (3.0%) | $184,095 (-2.1%) | 0.00 | 39 |
2022-10-01 | $168,950 (0.0%) | $215,245 (5.7%) | 0.00 | 38 |
2022-11-01 | $174,750 (2.1%) | $233,871 (14.0%) | 0.00 | 33 |
2022-12-01 | $171,950 (7.5%) | $232,500 (21.0%) | 0.00 | 32 |
2023-01-01 | $177,000 (4.7%) | $253,969 (31.6%) | 0.00 | 33 |
2023-02-01 | $222,000 (31.0%) | $261,632 (36.7%) | 0.00 | 34 |
2023-03-01 | $189,000 (11.8%) | $239,485 (27.7%) | 0.00 | 35 |
2023-04-01 | $189,000 (22.0%) | $234,063 (31.5%) | 0.00 | 34 |
2023-05-01 | $188,875 (13.9%) | $230,726 (25.0%) | 0.00 | 33 |
2023-06-01 | $215,000 (34.4%) | $248,433 (30.2%) | 0.00 | 39 |
2023-07-01 | $230,000 (43.8%) | $247,408 (33.0%) | 0.00 | 36 |
2023-08-01 | $235,000 (34.3%) | $245,688 (33.7%) | 0.00 | 50 |
2023-09-01 | $240,000 (39.2%) | $261,719 (42.2%) | 0.00 | 54 |
2023-10-01 | $252,475 (49.4%) | $330,917 (53.7%) | 0.00 | 47 |
2023-11-01 | $249,350 (42.7%) | $321,853 (37.6%) | 0.00 | 48 |
2023-12-01 | $229,000 (33.2%) | $320,115 (37.7%) | 0.00 | 45 |
2024-01-01 | $248,000 (40.1%) | $361,366 (42.3%) | 0.00 | 41 |
2024-02-01 | $248,875 (12.1%) | $362,901 (38.7%) | 0.00 | 37 |
2024-03-01 | $250,000 (32.3%) | $361,742 (51.1%) | 0.00 | 42 |
2024-04-01 | $226,750 (20.0%) | $339,017 (44.8%) | 0.00 | 37 |
2024-05-01 | $218,500 (15.7%) | $343,585 (48.9%) | 0.00 | 37 |
2024-06-01 | $220,000 (2.3%) | $346,580 (39.5%) | 0.00 | 41 |
2024-07-01 | $234,500 (2.0%) | $348,038 (40.7%) | 0.00 | 54 |
2024-08-01 | $250,000 (6.4%) | $367,822 (49.7%) | 0.00 | 54 |
2024-09-01 | $255,000 (6.3%) | $388,831 (48.6%) | 0.00 | 49 |
Deming's median listing price comes in at 0% of the national average.
Deming's average listing price for 2024-09-01 was $388,831, a difference of $127,112 (48.6%) versus the prior year and $21,009 versus the prior month.
For the 2024-09-01 period, Deming had 49 MLS listings, a difference of -5 listings (-9%) versus the prior month and -5 listings (-9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Deming (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,722 sqft |
2018-02-01 | 0 days | 1,736 sqft |
2018-03-01 | 0 days | 1,678 sqft |
2018-04-01 | 0 days | 1,677 sqft |
2018-05-01 | 0 days | 1,679 sqft |
2018-06-01 | 0 days | 1,701 sqft |
2018-07-01 | 0 days | 1,663 sqft |
2018-08-01 | 0 days | 1,653 sqft |
2018-09-01 | 0 days | 1,599 sqft |
2018-10-01 | 0 days | 1,659 sqft |
2018-11-01 | 0 days | 1,647 sqft |
2018-12-01 | 0 days | 1,640 sqft |
2019-01-01 | 0 days | 1,632 sqft |
2019-02-01 | 0 days | 1,646 sqft |
2019-03-01 | 0 days | 1,609 sqft |
2019-04-01 | 0 days | 1,605 sqft |
2019-05-01 | 0 days | 1,637 sqft |
2019-06-01 | 0 days | 1,635 sqft |
2019-07-01 | 0 days | 1,645 sqft |
2019-08-01 | 0 days | 1,643 sqft |
2019-09-01 | 0 days | 1,677 sqft |
2019-10-01 | 0 days | 1,707 sqft |
2019-11-01 | 0 days | 1,697 sqft |
2019-12-01 | 0 days | 1,658 sqft |
2020-01-01 | 0 days | 1,679 sqft |
2020-02-01 | 0 days | 1,598 sqft |
2020-03-01 | 0 days | 1,736 sqft |
2020-04-01 | 0 days | 1,772 sqft |
2020-05-01 | 0 days | 1,826 sqft |
2020-06-01 | 0 days | 1,805 sqft |
2020-07-01 | 0 days | 1,785 sqft |
2020-08-01 | 0 days | 1,724 sqft |
2020-09-01 | 0 days | 1,761 sqft |
2020-10-01 | 0 days | 1,760 sqft |
2020-11-01 | 0 days | 1,792 sqft |
2020-12-01 | 0 days | 1,861 sqft |
2021-01-01 | 0 days | 1,957 sqft |
2021-02-01 | 0 days | 1,941 sqft |
2021-03-01 | 0 days | 1,960 sqft |
2021-04-01 | 0 days | 1,960 sqft |
2021-05-01 | 0 days | 1,904 sqft |
2021-06-01 | 0 days | 1,760 sqft |
2021-07-01 | 0 days | 1,784 sqft |
2021-08-01 | 0 days | 1,698 sqft |
2021-09-01 | 0 days | 1,759 sqft |
2021-10-01 | 0 days | 1,899 sqft |
2021-11-01 | 0 days | 1,891 sqft |
2021-12-01 | 0 days | 1,730 sqft |
2022-01-01 | 0 days | 1,744 sqft |
2022-02-01 | 0 days | 1,706 sqft |
2022-03-01 | 0 days | 1,834 sqft |
2022-04-01 | 0 days | 1,660 sqft |
2022-05-01 | 0 days | 1,754 sqft |
2022-06-01 | 0 days | 1,713 sqft |
2022-07-01 | 0 days | 1,752 sqft |
2022-08-01 | 0 days | 1,614 sqft |
2022-09-01 | 0 days | 1,615 sqft |
2022-10-01 | 0 days | 1,743 sqft |
2022-11-01 | 0 days | 1,826 sqft |
2022-12-01 | 0 days | 1,800 sqft |
2023-01-01 | 0 days | 1,895 sqft |
2023-02-01 | 0 days | 1,919 sqft |
2023-03-01 | 0 days | 1,725 sqft |
2023-04-01 | 0 days | 1,800 sqft |
2023-05-01 | 0 days | 1,925 sqft |
2023-06-01 | 0 days | 1,906 sqft |
2023-07-01 | 0 days | 1,897 sqft |
2023-08-01 | 0 days | 1,912 sqft |
2023-09-01 | 0 days | 1,891 sqft |
2023-10-01 | 0 days | 1,944 sqft |
2023-11-01 | 0 days | 1,933 sqft |
2023-12-01 | 0 days | 1,850 sqft |
2024-01-01 | 0 days | 1,968 sqft |
2024-02-01 | 0 days | 2,015 sqft |
2024-03-01 | 0 days | 1,922 sqft |
2024-04-01 | 0 days | 1,780 sqft |
2024-05-01 | 0 days | 1,841 sqft |
2024-06-01 | 0 days | 1,845 sqft |
2024-07-01 | 0 days | 1,809 sqft |
2024-08-01 | 0 days | 1,762 sqft |
2024-09-01 | 0 days | 1,858 sqft |
Deming's median square footage for active listings during the 2024-09-01 period was 1,858 sqft. One year prior, the average listing was 1,891 sqft.
Deming, NM Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 143 | $18,285,000 | $127,867 |
Cash Out Refi | 30 | $4,240,000 | $141,333 |
Refi | 7 | $1,145,000 | $163,571 |
Other | 6 | $380,000 | $63,333 |
Home Improvement | 3 | $185,000 | $61,667 |
Deming's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 50 | $7,540,000 | $150,800 |
7-8% | 44 | $7,130,000 | $162,045 |
5-6% | 41 | $5,615,000 | $136,951 |
Over 8% | 36 | $2,530,000 | $70,278 |
<2.5% | 10 | $50,000 | $5,000 |
3-4% | 4 | $790,000 | $197,500 |
4-5% | 2 | $180,000 | $90,000 |
During 2023, Deming's most frequently originated rate bucket was 6-7%, with 50 originations.
Loan Sizing (Deming, NM MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 87 | $12,195,000 | $140,172 |
$100,000 or less | 67 | $2,995,000 | $44,701 |
$200k-400k | 34 | $8,550,000 | $251,471 |
$400k-600k | 1 | $495,000 | $495,000 |
Deming's loan sizing saw the bucket of loans from $100k-200k with 87 originations, totaling $12,195,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 95 | $15,905,000 | $167,421 |
60-80% | 39 | $5,385,000 | $138,077 |
Under 20% | 31 | $255,000 | $8,226 |
40-60% | 11 | $1,005,000 | $91,364 |
20-40% | 8 | $600,000 | $75,000 |
Over 100% | 3 | $685,000 | $228,333 |
Deming's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 95 originations, totaling $15,905,000 in origination value.