Durango Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Durango averaged
6.25%
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
6.17% and
one month ago for the week of 2023-04-20, the
average rate was 6.07%.
Durango's average rate one year ago was 4.93%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.88%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Durango 30 Year Fixed Rate | 2023-05-25 | 6.25% |
| Durango 30 Year Fixed Rate Refi | 2023-05-25 | 5.88% |
| Durango 15 Year Fixed Rate | 2023-05-25 | 6.07% |
| Durango 15 Year Fixed Rate Refi | 2023-05-25 | 6.37% |
| Durango 30 Year FHA | 2023-05-25 | 6.61% |
| Durango 30 Year FHA Refi | 2023-05-25 | 6.61% |
| Durango 30 Year USDA | 2023-05-25 | 6.73% |
| Durango 30 Year USDA Refi | 2023-05-25 | 6.63% |
| Durango 30 Year VA | 2023-05-25 | 6.21% |
| Durango 30 Year VA Refi | 2023-05-25 | 6.21% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Durango, CO.
Durango 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 Durango, 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.).
Durango Average Closing Costs & Other Stats
Durango, CO's 159 lenders originated 1,769
loans during 2022. The total origination value was $750,455,000, with an average loan value of
$424,226.
Durango's average closing costs are $4,680.
The top Durango lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
219 loans originated. Their average total fees are
$6,182, which is $1,805
higher than the next largest lender,
The Central Trust Bank.
The lowest fee Durango lenders (with over 10 loans originated) are
Wells Fargo Bank ($4,188), ACADEMY MORTGAGE CORPORATION ($4,235), HIGHLANDS RESIDENTIAL MORTGAGE, LTD. ($4,368), Morgan Stanley Private Bank ($4,369) and The Central Trust Bank ($4,377).
The lowest rate Durango lenders (with over 10 loans originated) are
Bank of America (3.76%), JPMorgan Chase Bank (3.88%), Morgan Stanley Private Bank (4.19%), LOANDEPOT.COM, LLC (4.36%) and Wells Fargo Bank (4.41%).
Durango, 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 | $231,010,000 | $127,870,000 | -44.6% | 17.0% |
| Bank of Colorado | $122,200,000 | $76,345,000 | -37.5% | 10.2% |
| Alpine Bank | $47,090,000 | $69,655,000 | 47.9% | 9.3% |
| The Central Trust Bank | $67,265,000 | $39,490,000 | -41.3% | 5.3% |
| QUICKEN LOANS, LLC | $100,015,000 | $27,470,000 | -72.5% | 3.7% |
| Zions Bancorporation, N.A. | $21,220,000 | $22,395,000 | 5.5% | 3.0% |
| Wells Fargo Bank | $51,130,000 | $18,060,000 | -64.7% | 2.4% |
| Bank of America | $9,810,000 | $15,930,000 | 62.4% | 2.1% |
| Morgan Stanley Private Bank | $10,555,000 | $15,500,000 | 46.8% | 2.1% |
| Glacier Bank | $31,140,000 | $14,215,000 | -54.4% | 1.9% |
| Citibank | $1,570,000 | $13,965,000 | 789.5% | 1.9% |
| JPMorgan Chase Bank | $14,030,000 | $10,745,000 | -23.4% | 1.4% |
| U.S. Bank | $15,285,000 | $7,955,000 | -48.0% | 1.1% |
| Flanagan State Bank | $17,210,000 | $7,905,000 | -54.1% | 1.1% |
| LOANDEPOT.COM, LLC | $16,595,000 | $7,600,000 | -54.2% | 1.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $31,175,000 | $7,100,000 | -77.2% | 0.9% |
| HOME POINT FINANCIAL CORPORATION | $27,975,000 | $6,075,000 | -78.3% | 0.8% |
| Pacific Premier Bank | $6,005,000 | n/a | 0.8% | |
| ACADEMY MORTGAGE CORPORATION | $28,145,000 | $5,510,000 | -80.4% | 0.7% |
| NBH Bank | $11,740,000 | $5,485,000 | -53.3% | 0.7% |
| PEOPLES STATE BANK | $5,435,000 | n/a | 0.7% | |
| Stifel Bank and Trust | $1,925,000 | $5,395,000 | 180.3% | 0.7% |
| The Huntington National Bank | $3,370,000 | $5,355,000 | 58.9% | 0.7% |
| Century Mortgage Company DBA Century Lending Company | $2,455,000 | $5,200,000 | 111.8% | 0.7% |
| CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $9,195,000 | $5,200,000 | -43.4% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,115,000 | $4,835,000 | -56.5% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $14,210,000 | $4,795,000 | -66.3% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $13,160,000 | $4,310,000 | -67.2% | 0.6% |
| CHERRY CREEK MORTGAGE, LLC | $3,830,000 | $4,185,000 | 9.3% | 0.6% |
| Charles Schwab Bank, SSB | $4,225,000 | $3,795,000 | -10.2% | 0.5% |
| NexBank | $3,560,000 | $3,770,000 | 5.9% | 0.5% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,920,000 | $3,765,000 | -4.0% | 0.5% |
| BOKF | $2,020,000 | $3,745,000 | 85.4% | 0.5% |
| Truist | $1,065,000 | $3,505,000 | 229.1% | 0.5% |
| TBK BANK, SSB | $12,130,000 | $3,455,000 | -71.5% | 0.5% |
| OPEN MORTGAGE, LLC | $2,575,000 | $3,360,000 | 30.5% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $4,245,000 | $3,315,000 | -21.9% | 0.4% |
| KeyBank | $8,720,000 | $3,270,000 | -62.5% | 0.4% |
| GUARANTEED RATE, INC. | $4,120,000 | $2,960,000 | -28.2% | 0.4% |
| The Northern Trust Company | $585,000 | $2,945,000 | 403.4% | 0.4% |
| SECURITYNATIONAL MORTGAGE COMPANY | $6,700,000 | $2,875,000 | -57.1% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $9,740,000 | $2,825,000 | -71.0% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $3,980,000 | $2,810,000 | -29.4% | 0.4% |
| The American National Bank of Texas | $2,745,000 | n/a | 0.4% | |
| UBS Bank USA | $1,460,000 | $2,740,000 | 87.7% | 0.4% |
| PNC Bank | $2,915,000 | $2,500,000 | -14.2% | 0.3% |
| BETTER MORTGAGE CORPORATION | $22,910,000 | $2,365,000 | -89.7% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,905,000 | $2,360,000 | -51.9% | 0.3% |
| BancorpSouth Bank | $2,245,000 | n/a | 0.3% | |
| Northwest Farm Credit Services, FLCA | $245,000 | $2,210,000 | 802.0% | 0.3% |
| Waterstone Mortgage Corporation | $5,700,000 | $2,165,000 | -62.0% | 0.3% |
| MidFirst Bank | $1,395,000 | $2,120,000 | 52.0% | 0.3% |
| CALIBER HOME LOANS, INC. | $14,675,000 | $2,080,000 | -85.8% | 0.3% |
| UNIVERSAL LENDING CORPORATION | $1,385,000 | $2,080,000 | 50.2% | 0.3% |
| Flagstar Bank, FSB | $7,710,000 | $2,065,000 | -73.2% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $2,775,000 | $1,985,000 | -28.5% | 0.3% |
| LEGACY MORTGAGE LLC | $900,000 | $1,955,000 | 117.2% | 0.3% |
| First Republic Bank | $1,925,000 | n/a | 0.3% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,825,000 | $1,920,000 | 5.2% | 0.3% |
| Commerce Home Mortgage, Inc. | $255,000 | $1,860,000 | 629.4% | 0.2% |
| SANDIA LABORATORY | $1,830,000 | n/a | 0.2% | |
| NEWREZ LLC | $6,605,000 | $1,820,000 | -72.4% | 0.2% |
| Sunflower Bank | $680,000 | $1,820,000 | 167.6% | 0.2% |
| Northpointe Bank | $1,635,000 | $1,780,000 | 8.9% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,785,000 | $1,745,000 | -37.3% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $9,675,000 | $1,705,000 | -82.4% | 0.2% |
| AMERICAN FINANCING CORPORATION | $5,435,000 | $1,665,000 | -69.4% | 0.2% |
| BMO Harris Bank | $590,000 | $1,590,000 | 169.5% | 0.2% |
| Mortgage Research Center, LLC | $3,135,000 | $1,585,000 | -49.4% | 0.2% |
| V.I.P. MORTGAGE, INC. | $2,810,000 | $1,570,000 | -44.1% | 0.2% |
| Gateway First Bank | $2,040,000 | $1,565,000 | -23.3% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $1,555,000 | n/a | 0.2% | |
| City National Bank | $4,325,000 | $1,520,000 | -64.9% | 0.2% |
| BROKER SOLUTIONS, INC. | $12,735,000 | $1,485,000 | -88.3% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $14,270,000 | $1,475,000 | -89.7% | 0.2% |
| The Home Loan Expert LLC | $1,475,000 | n/a | 0.2% | |
| The Federal Savings Bank | $3,365,000 | $1,460,000 | -56.6% | 0.2% |
| KELLER MORTGAGE, LLC | $2,620,000 | $1,440,000 | -45.0% | 0.2% |
| PHH Mortgage Corporation | $1,480,000 | $1,410,000 | -4.7% | 0.2% |
| BELLCO | $255,000 | $1,400,000 | 449.0% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $6,430,000 | $1,340,000 | -79.2% | 0.2% |
| AMERICAN ADVISORS GROUP | $1,715,000 | $1,290,000 | -24.8% | 0.2% |
| SECURITY SERVICE | $505,000 | $1,270,000 | 151.5% | 0.2% |
| GUILD MORTGAGE COMPANY | $8,180,000 | $1,265,000 | -84.5% | 0.2% |
| Texas Bank and Trust Company | $1,255,000 | n/a | 0.2% | |
| BAY EQUITY LLC | $3,825,000 | $1,240,000 | -67.6% | 0.2% |
| Centennial Bank | $1,205,000 | n/a | 0.2% | |
| Goldman Sachs Bank USA | $1,335,000 | $1,205,000 | -9.7% | 0.2% |
| 21ST MORTGAGE CORPORATION | $335,000 | $1,190,000 | 255.2% | 0.2% |
| Carrington Mortgage Services, LLC | $870,000 | $1,180,000 | 35.6% | 0.2% |
| USAA Federal Savings Bank | $1,445,000 | $1,175,000 | -18.7% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $1,160,000 | n/a | 0.2% | |
| PENTAGON FEDERAL CREDIT UNION | $1,985,000 | $1,150,000 | -42.1% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,750,000 | $1,135,000 | -35.1% | 0.2% |
| Ent Credit Union | $910,000 | $1,105,000 | 21.4% | 0.1% |
| DIRECT MORTGAGE, CORP. | $1,075,000 | n/a | 0.1% | |
| Fifth Third Bank | $1,080,000 | $1,055,000 | -2.3% | 0.1% |
| First Guaranty Mortgage Corporation | $275,000 | $1,055,000 | 283.6% | 0.1% |
| NEXERA HOLDING LLC | $295,000 | $1,050,000 | 255.9% | 0.1% |
| SPRING EQ, LLC | $390,000 | $1,040,000 | 166.7% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $2,455,000 | $1,040,000 | -57.6% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,930,000 | $1,030,000 | -46.6% | 0.1% |
| UNION HOME MORTGAGE CORP. | $1,000,000 | $1,020,000 | 2.0% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,270,000 | $1,005,000 | -20.9% | 0.1% |
| GREENSTATE CREDIT UNION | $1,005,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $1,290,000 | $980,000 | -24.0% | 0.1% |
| EVERETT FINANCIAL, INC. | $405,000 | $960,000 | 137.0% | 0.1% |
| Merchants Bank of Indiana | $955,000 | n/a | 0.1% | |
| Dollar Bank, Federal Savings Bank | $935,000 | n/a | 0.1% | |
| Luxury Mortgage Corp. | $935,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $935,000 | n/a | 0.1% | |
| Old National Bank | $935,000 | n/a | 0.1% | |
| NBKC BANK | $2,205,000 | $905,000 | -59.0% | 0.1% |
| The Bank of San Antonio | $1,085,000 | $905,000 | -16.6% | 0.1% |
| Elevations Credit Union | $2,620,000 | $890,000 | -66.0% | 0.1% |
| Chicago Mortgage Solutions LLC | $1,905,000 | $880,000 | -53.8% | 0.1% |
| S1L, Inc. | $2,310,000 | $880,000 | -61.9% | 0.1% |
| CMG MORTGAGE, INC. | $1,925,000 | $860,000 | -55.3% | 0.1% |
| Nations Lending Corporation | $2,150,000 | $820,000 | -61.9% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $840,000 | $810,000 | -3.6% | 0.1% |
| AMCAP MORTGAGE, LTD. | $4,175,000 | $795,000 | -81.0% | 0.1% |
| DELMAR FINANCIAL COMPANY | $1,385,000 | $775,000 | -44.0% | 0.1% |
| Neighborhood Loans, Inc. | $775,000 | n/a | 0.1% | |
| Bank of the West | $2,210,000 | $770,000 | -65.2% | 0.1% |
| BNC National Bank | $455,000 | $755,000 | 65.9% | 0.1% |
| First Liberty Bank | $755,000 | n/a | 0.1% | |
| First Savings Bank | $680,000 | $745,000 | 9.6% | 0.1% |
| Alerus Financial | $740,000 | n/a | 0.1% | |
| QUORUM FEDERAL CREDIT UNION | $620,000 | $720,000 | 16.1% | 0.1% |
| ALLIANT CREDIT UNION | $255,000 | $715,000 | 180.4% | 0.1% |
| First National Bank of Omaha | $590,000 | $710,000 | 20.3% | 0.1% |
| Greenbox Loans, Inc. | $555,000 | $685,000 | 23.4% | 0.1% |
| Regions Bank | $535,000 | $675,000 | 26.2% | 0.1% |
| Security First Bank | $425,000 | $675,000 | 58.8% | 0.1% |
| FirstOak Bank | $655,000 | n/a | 0.1% | |
| Bank of England | $1,495,000 | $645,000 | -56.9% | 0.1% |
| Commerce Bank | $735,000 | $645,000 | -12.2% | 0.1% |
| D. L. Evans Bank | $645,000 | n/a | 0.1% | |
| UMB Bank | $690,000 | $630,000 | -8.7% | 0.1% |
| First Western Trust Bank | $1,630,000 | $580,000 | -64.4% | 0.1% |
| Adams Bank & Trust | $575,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $560,000 | $575,000 | 2.7% | 0.1% |
| INTERCOASTAL MORTGAGE COMPANY | $575,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,460,000 | $570,000 | -61.0% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $620,000 | $565,000 | -8.9% | 0.1% |
| LENDSURE MORTGAGE CORP. | $565,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $815,000 | $555,000 | -31.9% | 0.1% |
| Evolve Bank & Trust | $545,000 | n/a | 0.1% | |
| ONY GLO, INC. | $545,000 | n/a | 0.1% | |
| ALTITUDE FINANCIAL CORPORATION | $545,000 | $525,000 | -3.7% | 0.1% |
| Amerifirst Financial, Inc. | $305,000 | $525,000 | 72.1% | 0.1% |
| ALL REVERSE MORTGAGE, INC. | $495,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $1,135,000 | $495,000 | -56.4% | 0.1% |
| American State Bank | $485,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $715,000 | $475,000 | -33.6% | 0.1% |
| ENCORE BANK | $465,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $975,000 | $455,000 | -53.3% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $2,995,000 | $455,000 | -84.8% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $445,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $640,000 | $445,000 | -30.5% | 0.1% |
| Hometown Equity Mortgage, LLC | $435,000 | n/a | 0.1% | |
| WESTERRA CREDIT UNION | $715,000 | $430,000 | -39.9% | 0.1% |
| IMPAC MORTGAGE CORP. | $1,365,000 | $425,000 | -68.9% | 0.1% |
| REVERSE MORTGAGE FUNDING LLC | $1,060,000 | $425,000 | -59.9% | 0.1% |
| Figure Lending LLC | $235,000 | $415,000 | 76.6% | 0.1% |
| Oakstar Bank | $405,000 | n/a | 0.1% | |
| Assurance Financial Group, L.L.C. | $155,000 | $395,000 | 154.8% | 0.1% |
| Farmers & Stockmens Bank | $395,000 | n/a | 0.1% | |
| LOANPEOPLE, LLC | $395,000 | n/a | 0.1% | |
| MEGASTAR FINANCIAL CORP. | $1,595,000 | $395,000 | -75.2% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $6,445,000 | $395,000 | -93.9% | 0.1% |
| STAR ONE CREDIT UNION | $395,000 | n/a | 0.1% | |
| T2 FINANCIAL LLC | $395,000 | n/a | 0.1% | |
| Wallick & Volk, Inc. | $1,905,000 | $395,000 | -79.3% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $375,000 | $385,000 | 2.7% | 0.1% |
| First Federal Bank, A FSB | $385,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,910,000 | $365,000 | -80.9% | 0.0% |
| ENVOY MORTGAGE, LTD | $355,000 | n/a | 0.0% | |
| EXPRESS FUNDING, INC. | $120,000 | $355,000 | 195.8% | 0.0% |
| American Bank, N.A. | $345,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $345,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $185,000 | $345,000 | 86.5% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $1,455,000 | $345,000 | -76.3% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $335,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $1,860,000 | $335,000 | -82.0% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,320,000 | $330,000 | -75.0% | 0.0% |
| Ally Bank | $4,830,000 | $325,000 | -93.3% | 0.0% |
| PLANET HOME LENDING, LLC | $925,000 | $320,000 | -65.4% | 0.0% |
| ALTRA | $65,000 | $315,000 | 384.6% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $345,000 | $315,000 | -8.7% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $745,000 | $305,000 | -59.1% | 0.0% |
| Princeton Mortgage Corporation | $295,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $550,000 | $290,000 | -47.3% | 0.0% |
| Hometown Lenders, Inc. | $900,000 | $285,000 | -68.3% | 0.0% |
| UNIVERSITY CREDIT UNION | $285,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $580,000 | $275,000 | -52.6% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $4,335,000 | $265,000 | -93.9% | 0.0% |
| Cornerstone First Mortgage, Inc | $405,000 | $255,000 | -37.0% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| PREMIER MEMBERS CREDIT UNION | $315,000 | $255,000 | -19.0% | 0.0% |
| Sooper Credit Union | $255,000 | n/a | 0.0% | |
| Valliance Bank | $240,000 | n/a | 0.0% | |
| BLUE BRICK FINANCIAL LLC | $305,000 | $225,000 | -26.2% | 0.0% |
| Loan Simple, Inc. | $380,000 | $215,000 | -43.4% | 0.0% |
| CANVAS CREDIT UNION | $785,000 | $205,000 | -73.9% | 0.0% |
| Plains Commerce Bank | $245,000 | $205,000 | -16.3% | 0.0% |
| THOMPSON KANE & COMPANY, LLC | $185,000 | n/a | 0.0% | |
| Affiliated Bank | $175,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $1,070,000 | $175,000 | -83.6% | 0.0% |
| LOANPAL, LLC | $590,000 | $145,000 | -75.4% | 0.0% |
| Discover Bank | $370,000 | $120,000 | -67.6% | 0.0% |
| RANLIFE, INC. | $115,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $525,000 | $105,000 | -80.0% | 0.0% |
| TRUWEST Credit Union | $195,000 | $105,000 | -46.2% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $95,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $455,000 | $85,000 | -81.3% | 0.0% |
| AIR ACADEMY | $75,000 | n/a | 0.0% | |
| Centier Bank | $65,000 | n/a | 0.0% | |
| Credit Union of Denver | $65,000 | n/a | 0.0% | |
| COLORADO CREDIT UNION | $750,000 | $55,000 | -92.7% | 0.0% |
| Lakeview Community Capital, LLC | $55,000 | n/a | 0.0% | |
| MOUNTAIN AMERICA | $410,000 | $55,000 | -86.6% | 0.0% |
| WINGS FINANCIAL | $605,000 | $55,000 | -90.9% | 0.0% |
| Red Rocks Credit Union | $115,000 | $25,000 | -78.3% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $25,000 | n/a | 0.0% |
Durango's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 17.0% market share. In second place, with 10.2%, is Bank of Colorado, having originated $76,345,000 in loans. In third place, with 9.3%, is Alpine Bank, having originated $69,655,000 in loans. In fourth place, with 5.3%, is The Central Trust Bank, having originated $39,490,000 in loans. In fifth place, with 3.7%, is QUICKEN LOANS, LLC, having originated $27,470,000 in loans.
Durango Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Durango (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 | $525,750 (9.9%) | $765,556 (5.8%) | 0.00 | 474 |
| 2018-02-01 | $547,750 (17.9%) | $773,418 (8.7%) | 0.00 | 461 |
| 2018-03-01 | $549,000 (18.7%) | $811,301 (15.9%) | 0.00 | 496 |
| 2018-04-01 | $554,500 (16.7%) | $867,279 (10.0%) | 0.00 | 538 |
| 2018-05-01 | $549,000 (8.3%) | $846,563 (4.5%) | 0.00 | 589 |
| 2018-06-01 | $549,900 (8.6%) | $825,208 (4.2%) | 0.00 | 658 |
| 2018-07-01 | $549,000 (8.2%) | $792,534 (0.6%) | 0.00 | 695 |
| 2018-08-01 | $515,250 (0.3%) | $786,210 (0.2%) | 0.00 | 718 |
| 2018-09-01 | $522,900 (4.7%) | $798,870 (2.2%) | 0.00 | 705 |
| 2018-10-01 | $524,725 (-4.5%) | $787,028 (-4.3%) | 0.00 | 651 |
| 2018-11-01 | $520,000 (-6.3%) | $793,756 (-4.6%) | 0.00 | 618 |
| 2018-12-01 | $524,400 (-4.6%) | $817,748 (-1.7%) | 0.00 | 546 |
| 2019-01-01 | $522,450 (-0.6%) | $765,775 (0.0%) | 0.00 | 476 |
| 2019-02-01 | $519,925 (-5.1%) | $694,573 (-10.2%) | 0.00 | 465 |
| 2019-03-01 | $525,000 (-4.4%) | $705,773 (-13.0%) | 0.00 | 456 |
| 2019-04-01 | $525,000 (-5.3%) | $782,761 (-9.8%) | 0.00 | 497 |
| 2019-05-01 | $542,450 (-1.2%) | $803,565 (-5.1%) | 0.00 | 626 |
| 2019-06-01 | $550,000 (0.0%) | $812,983 (-1.5%) | 0.00 | 690 |
| 2019-07-01 | $549,000 (0.0%) | $809,662 (2.2%) | 0.00 | 734 |
| 2019-08-01 | $545,000 (5.8%) | $796,317 (1.3%) | 0.00 | 745 |
| 2019-09-01 | $569,450 (8.9%) | $854,121 (6.9%) | 0.00 | 702 |
| 2019-10-01 | $560,250 (6.8%) | $845,410 (7.4%) | 0.00 | 709 |
| 2019-11-01 | $550,000 (5.8%) | $847,414 (6.8%) | 0.00 | 632 |
| 2019-12-01 | $549,663 (4.8%) | $858,521 (5.0%) | 0.00 | 585 |
| 2020-01-01 | $539,225 (3.2%) | $819,524 (7.0%) | 0.00 | 512 |
| 2020-02-01 | $535,000 (2.9%) | $804,904 (15.9%) | 0.00 | 497 |
| 2020-03-01 | $549,000 (4.6%) | $824,449 (16.8%) | 0.00 | 499 |
| 2020-04-01 | $559,000 (6.5%) | $851,361 (8.8%) | 0.00 | 452 |
| 2020-05-01 | $549,900 (1.4%) | $852,252 (6.1%) | 0.00 | 497 |
| 2020-06-01 | $580,500 (5.6%) | $882,649 (8.6%) | 0.00 | 520 |
| 2020-07-01 | $591,250 (7.7%) | $868,309 (7.2%) | 0.00 | 489 |
| 2020-08-01 | $599,875 (10.1%) | $870,700 (9.3%) | 0.00 | 430 |
| 2020-09-01 | $643,000 (12.9%) | $946,867 (10.9%) | 0.00 | 335 |
| 2020-10-01 | $659,900 (17.8%) | $1,054,980 (24.8%) | 0.00 | 291 |
| 2020-11-01 | $678,663 (23.4%) | $1,153,846 (36.2%) | 0.00 | 246 |
| 2020-12-01 | $657,475 (19.6%) | $1,158,170 (34.9%) | 0.00 | 204 |
| 2021-01-01 | $689,450 (27.9%) | $1,242,280 (51.6%) | 0.00 | 163 |
| 2021-02-01 | $730,000 (36.5%) | $1,372,113 (70.5%) | 0.00 | 138 |
| 2021-03-01 | $777,000 (41.5%) | $1,592,000 (93.1%) | 0.00 | 136 |
| 2021-04-01 | $838,000 (49.9%) | $1,722,341 (102.3%) | 0.00 | 133 |
| 2021-05-01 | $899,000 (63.5%) | $1,733,980 (103.5%) | 0.00 | 147 |
| 2021-06-01 | $972,000 (67.4%) | $1,763,022 (99.7%) | 0.00 | 159 |
| 2021-07-01 | $875,000 (48.0%) | $1,647,970 (89.8%) | 0.00 | 185 |
| 2021-08-01 | $838,750 (39.8%) | $1,641,197 (88.5%) | 0.00 | 190 |
| 2021-09-01 | $866,250 (34.7%) | $1,642,790 (73.5%) | 0.00 | 181 |
| 2021-10-01 | $925,000 (40.2%) | $1,826,920 (73.2%) | 0.00 | 150 |
| 2021-11-01 | $925,000 (36.3%) | $1,825,436 (58.2%) | 0.00 | 135 |
| 2021-12-01 | $943,250 (43.5%) | $1,973,489 (70.4%) | 0.00 | 117 |
| 2022-01-01 | $896,500 (30.0%) | $1,964,623 (58.2%) | 0.00 | 101 |
| 2022-02-01 | $844,500 (15.7%) | $1,825,985 (33.1%) | 0.00 | 104 |
| 2022-03-01 | $787,500 (1.4%) | $1,845,443 (15.9%) | 0.00 | 102 |
| 2022-04-01 | $762,500 (-9.0%) | $1,827,547 (6.1%) | 0.00 | 115 |
| 2022-05-01 | $776,000 (-13.7%) | $1,751,263 (1.0%) | 0.00 | 169 |
| 2022-06-01 | $895,000 (-7.9%) | $1,755,726 (-0.4%) | 0.00 | 219 |
| 2022-07-01 | $875,000 (0.0%) | $1,588,381 (-3.6%) | 0.00 | 262 |
| 2022-08-01 | $874,000 (4.2%) | $1,551,404 (-5.5%) | 0.00 | 268 |
| 2022-09-01 | $874,500 (1.0%) | $1,596,801 (-2.8%) | 0.00 | 262 |
| 2022-10-01 | $890,000 (-3.8%) | $1,668,017 (-8.7%) | 0.00 | 259 |
| 2022-11-01 | $849,500 (-8.2%) | $1,609,945 (-11.8%) | 0.00 | 236 |
| 2022-12-01 | $799,000 (-15.3%) | $1,510,946 (-23.4%) | 0.00 | 208 |
| 2023-01-01 | $834,725 (-6.9%) | $1,649,974 (-16.0%) | 0.00 | 177 |
| 2023-02-01 | $849,250 (0.6%) | $1,757,734 (-3.7%) | 0.00 | 160 |
| 2023-03-01 | $867,000 (10.1%) | $1,806,928 (-2.1%) | 0.00 | 146 |
| 2023-04-01 | $889,453 (16.7%) | $1,809,456 (-1.0%) | 0.00 | 151 |
Durango's median listing price for 2023-04-01 was $889,453, a difference of
$126,953
(16.7%) versus the prior year and
$22,453 versus the prior month.
Durango's median listing price comes in at 0% of the national average.
Durango's average listing price for 2023-04-01 was $1,809,456, a difference of $-18,091 (-1.0%) versus the prior year and $2,528 versus the prior month.
For the 2023-04-01 period, Durango had 151 MLS listings, a difference of 5 listings (3%) versus the prior month and 36 listings (31%) versus the prior year.
Durango's median listing price comes in at 0% of the national average.
Durango's average listing price for 2023-04-01 was $1,809,456, a difference of $-18,091 (-1.0%) versus the prior year and $2,528 versus the prior month.
For the 2023-04-01 period, Durango had 151 MLS listings, a difference of 5 listings (3%) versus the prior month and 36 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Durango (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,126 sqft |
| 2018-02-01 | 0 days | 2,110 sqft |
| 2018-03-01 | 0 days | 2,110 sqft |
| 2018-04-01 | 0 days | 2,218 sqft |
| 2018-05-01 | 0 days | 2,226 sqft |
| 2018-06-01 | 0 days | 2,224 sqft |
| 2018-07-01 | 0 days | 2,188 sqft |
| 2018-08-01 | 0 days | 2,101 sqft |
| 2018-09-01 | 0 days | 2,124 sqft |
| 2018-10-01 | 0 days | 2,109 sqft |
| 2018-11-01 | 0 days | 2,108 sqft |
| 2018-12-01 | 0 days | 2,101 sqft |
| 2019-01-01 | 0 days | 2,028 sqft |
| 2019-02-01 | 0 days | 1,996 sqft |
| 2019-03-01 | 0 days | 2,008 sqft |
| 2019-04-01 | 0 days | 2,043 sqft |
| 2019-05-01 | 0 days | 2,112 sqft |
| 2019-06-01 | 0 days | 2,178 sqft |
| 2019-07-01 | 0 days | 2,146 sqft |
| 2019-08-01 | 0 days | 2,120 sqft |
| 2019-09-01 | 0 days | 2,179 sqft |
| 2019-10-01 | 0 days | 2,171 sqft |
| 2019-11-01 | 0 days | 2,169 sqft |
| 2019-12-01 | 0 days | 2,061 sqft |
| 2020-01-01 | 0 days | 2,009 sqft |
| 2020-02-01 | 0 days | 2,004 sqft |
| 2020-03-01 | 0 days | 2,019 sqft |
| 2020-04-01 | 0 days | 2,067 sqft |
| 2020-05-01 | 0 days | 2,042 sqft |
| 2020-06-01 | 0 days | 2,136 sqft |
| 2020-07-01 | 0 days | 2,157 sqft |
| 2020-08-01 | 0 days | 2,175 sqft |
| 2020-09-01 | 0 days | 2,217 sqft |
| 2020-10-01 | 0 days | 2,262 sqft |
| 2020-11-01 | 0 days | 2,316 sqft |
| 2020-12-01 | 0 days | 2,237 sqft |
| 2021-01-01 | 0 days | 2,262 sqft |
| 2021-02-01 | 0 days | 2,306 sqft |
| 2021-03-01 | 0 days | 2,423 sqft |
| 2021-04-01 | 0 days | 2,599 sqft |
| 2021-05-01 | 0 days | 2,708 sqft |
| 2021-06-01 | 0 days | 2,703 sqft |
| 2021-07-01 | 0 days | 2,589 sqft |
| 2021-08-01 | 0 days | 2,570 sqft |
| 2021-09-01 | 0 days | 2,642 sqft |
| 2021-10-01 | 0 days | 2,803 sqft |
| 2021-11-01 | 0 days | 2,583 sqft |
| 2021-12-01 | 0 days | 2,798 sqft |
| 2022-01-01 | 0 days | 2,483 sqft |
| 2022-02-01 | 0 days | 2,194 sqft |
| 2022-03-01 | 0 days | 2,174 sqft |
| 2022-04-01 | 0 days | 2,236 sqft |
| 2022-05-01 | 0 days | 2,180 sqft |
| 2022-06-01 | 0 days | 2,375 sqft |
| 2022-07-01 | 0 days | 2,318 sqft |
| 2022-08-01 | 0 days | 2,255 sqft |
| 2022-09-01 | 0 days | 2,267 sqft |
| 2022-10-01 | 0 days | 2,347 sqft |
| 2022-11-01 | 0 days | 2,325 sqft |
| 2022-12-01 | 0 days | 2,178 sqft |
| 2023-01-01 | 0 days | 2,093 sqft |
| 2023-02-01 | 0 days | 2,129 sqft |
| 2023-03-01 | 0 days | 2,268 sqft |
| 2023-04-01 | 0 days | 2,220 sqft |
Durango's median listing age (time on market) for 2023-04-01 was 0 days.
Durango's median square footage for active listings during the 2023-04-01 period was 2,220 sqft. One year prior, the average listing was 2,236 sqft.
Durango's median square footage for active listings during the 2023-04-01 period was 2,220 sqft. One year prior, the average listing was 2,236 sqft.
Durango, CO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 923 | $471,515,000 | $510,850 |
| Cash Out Refi | 297 | $108,115,000 | $364,024 |
| Refi | 248 | $108,130,000 | $436,008 |
| Home Improvement | 157 | $24,925,000 | $158,758 |
| Other | 144 | $37,770,000 | $262,292 |
Durango's most frequently cited loan purpose was Home Purchase, with 923 originations. The 2nd most popular reason was Cash Out Refi, with 297 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 448 | $195,380,000 | $436,116 |
| 4-5% | 442 | $197,850,000 | $447,624 |
| 5-6% | 408 | $169,500,000 | $415,441 |
| 6-7% | 159 | $59,255,000 | $372,673 |
| 2.5-3% | 117 | $63,025,000 | $538,675 |
| <2.5% | 76 | $26,790,000 | $352,500 |
| 7-8% | 63 | $17,365,000 | $275,635 |
| Over 8% | 42 | $10,000,000 | $238,095 |
During 2022, Durango's most frequently originated rate bucket was 3-4%, with 448 originations.
Loan Sizing (Durango, CO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 594 | $177,590,000 | $298,973 |
| $400k-600k | 421 | $204,535,000 | $485,831 |
| $600k-1000k | 239 | $172,455,000 | $721,569 |
| $100k-200k | 233 | $32,945,000 | $141,395 |
| $100,000 or less | 194 | $11,180,000 | $57,629 |
| $Over $1MM | 88 | $151,750,000 | $1,724,432 |
Durango's loan sizing saw the bucket of loans from $200k-400k with 594 originations, totaling $177,590,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 553 | $305,545,000 | $552,523 |
| 80-100% | 379 | $195,375,000 | $515,501 |
| 40-60% | 299 | $142,175,000 | $475,502 |
| Under 20% | 271 | $24,715,000 | $91,199 |
| 20-40% | 241 | $66,365,000 | $275,373 |
| Over 100% | 8 | $3,810,000 | $476,250 |
Durango's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 553 originations, totaling $305,545,000 in origination value.