Edwards Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Edwards averaged
6.85%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.48% and
one month ago for the week of 2024-10-03, the
average rate was 5.88%.
Edwards's average rate one year ago was 7.82%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Edwards 30 Year Fixed Rate | 2024-11-07 | 6.85% |
| Edwards 30 Year Fixed Rate Refi | 2024-11-07 | 6.69% |
| Edwards 15 Year Fixed Rate | 2024-11-07 | 5.9% |
| Edwards 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Edwards 30 Year FHA | 2024-11-07 | 6.53% |
| Edwards 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Edwards 30 Year USDA | 2024-11-07 | 6.28% |
| Edwards 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Edwards 30 Year VA | 2024-11-07 | 6.34% |
| Edwards 30 Year VA Refi | 2024-11-07 | 6.54% |
Edwards 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 Edwards, 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.).
Edwards Average Closing Costs & Other Stats
Edwards, CO's 120 lenders originated 1,181
loans during 2023. The total origination value was $960,285,000, with an average loan value of
$813,112.
Edwards's average closing costs are $5,434.
The top Edwards lender as defined by loan originations is FirstBank, with
59 loans originated. Their average total fees are
$3,581, which is $5,928
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Edwards lenders (with over 10 loans originated) are
GUARANTEED RATE, INC. ($3,529), FirstBank ($3,581), First Western Trust Bank ($3,596), Morgan Stanley Private Bank ($5,250) and Citibank ($5,496).
The lowest rate Edwards lenders (with over 10 loans originated) are
Citibank (4.88%), Wells Fargo Bank (5.01%), Morgan Stanley Private Bank (5.80%), JPMorgan Chase Bank (6.12%) and ANB Bank (6.20%).
Edwards, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| FirstBank | $385,000 | $104,365,000 | 27,007.8% | 10.9% |
| JPMorgan Chase Bank | $147,775,000 | $89,905,000 | -39.2% | 9.4% |
| Alpine Bank | $109,070,000 | $66,425,000 | -39.1% | 6.9% |
| Wells Fargo Bank | $82,105,000 | $42,525,000 | -48.2% | 4.4% |
| Morgan Stanley Private Bank | $94,405,000 | $40,300,000 | -57.3% | 4.2% |
| U.S. Bank | $78,705,000 | $39,735,000 | -49.5% | 4.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $48,705,000 | $38,815,000 | -20.3% | 4.0% |
| Bank of America | $82,740,000 | $37,730,000 | -54.4% | 3.9% |
| Citibank | $46,725,000 | $32,150,000 | -31.2% | 3.3% |
| MidFirst Bank | $26,830,000 | $28,280,000 | 5.4% | 2.9% |
| Goldman Sachs Bank USA | $19,035,000 | $26,300,000 | 38.2% | 2.7% |
| BOKF | $21,200,000 | $20,110,000 | -5.1% | 2.1% |
| QUICKEN LOANS, LLC | $22,390,000 | $17,455,000 | -22.0% | 1.8% |
| ANB Bank | $4,100,000 | $15,520,000 | 278.5% | 1.6% |
| ACADEMY MORTGAGE CORPORATION | $22,685,000 | $14,700,000 | -35.2% | 1.5% |
| First Western Trust Bank | $13,135,000 | $14,365,000 | 9.4% | 1.5% |
| Zions Bank | $19,590,000 | $13,610,000 | -30.5% | 1.4% |
| Bank of Colorado | $3,930,000 | $10,840,000 | 175.8% | 1.1% |
| Charles Schwab Bank, SSB | $28,165,000 | $8,740,000 | -69.0% | 0.9% |
| SECURITYNATIONAL MORTGAGE COMPANY | $12,165,000 | $8,460,000 | -30.5% | 0.9% |
| PNC Bank | $32,585,000 | $8,265,000 | -74.6% | 0.9% |
| GUARANTEED RATE, INC. | $11,600,000 | $7,865,000 | -32.2% | 0.8% |
| BAY EQUITY LLC | $13,075,000 | $7,420,000 | -43.3% | 0.8% |
| Bank of England | $355,000 | $7,255,000 | 1,943.7% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $8,250,000 | $6,800,000 | -17.6% | 0.7% |
| CrossFirst Bank | $2,745,000 | $6,005,000 | 118.8% | 0.6% |
| First Republic Bank | $67,525,000 | $5,880,000 | -91.3% | 0.6% |
| Ent Credit Union | $3,390,000 | $5,755,000 | 69.8% | 0.6% |
| First-Citizens Bank & Trust Company | $2,070,000 | $5,385,000 | 160.1% | 0.6% |
| Inwood National Bank | $2,005,000 | $5,005,000 | 149.6% | 0.5% |
| Merchants Bank of Indiana | $965,000 | $4,915,000 | 409.3% | 0.5% |
| CMG MORTGAGE, INC. | $4,095,000 | $4,800,000 | 17.2% | 0.5% |
| UBS Bank USA | $60,070,000 | $4,605,000 | -92.3% | 0.5% |
| Commerce Bank | $11,500,000 | $4,540,000 | -60.5% | 0.5% |
| BROKER SOLUTIONS, INC. | $755,000 | $3,970,000 | 425.8% | 0.4% |
| The Huntington National Bank | $7,900,000 | $3,965,000 | -49.8% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $3,705,000 | $3,760,000 | 1.5% | 0.4% |
| Bank of Washington | $3,535,000 | n/a | 0.4% | |
| DEEPHAVEN MORTGAGE LLC | $1,570,000 | $3,510,000 | 123.6% | 0.4% |
| Raymond James Bank | $14,250,000 | $3,475,000 | -75.6% | 0.4% |
| City National Bank | $680,000 | $3,390,000 | 398.5% | 0.4% |
| FIRST TECHNOLOGY | $3,310,000 | n/a | 0.3% | |
| Sunflower Bank | $3,230,000 | n/a | 0.3% | |
| CANVAS CREDIT UNION | $705,000 | $3,195,000 | 353.2% | 0.3% |
| RF Renovo Management Company, LLC | $2,965,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,205,000 | $2,825,000 | 28.1% | 0.3% |
| BMO Harris Bank | $6,370,000 | $2,705,000 | -57.5% | 0.3% |
| BNY Mellon | $9,900,000 | $2,690,000 | -72.8% | 0.3% |
| OCMBC, INC. | $2,645,000 | n/a | 0.3% | |
| Stifel Bank and Trust | $7,510,000 | $2,635,000 | -64.9% | 0.3% |
| Commerce Home Mortgage, Inc. | $1,350,000 | $2,585,000 | 91.5% | 0.3% |
| Third Coast Bank SSB | $2,545,000 | n/a | 0.3% | |
| OAKTREE FUNDING CORP. | $2,515,000 | n/a | 0.3% | |
| City Bank | $2,505,000 | n/a | 0.3% | |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $615,000 | $2,465,000 | 300.8% | 0.3% |
| NBH Bank | $15,490,000 | $2,455,000 | -84.2% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $1,885,000 | $2,425,000 | 28.6% | 0.3% |
| UMB Bank | $11,630,000 | $2,405,000 | -79.3% | 0.3% |
| Veritex Community Bank | $2,345,000 | n/a | 0.2% | |
| First National Bank of Omaha | $290,000 | $2,320,000 | 700.0% | 0.2% |
| MEGASTAR FINANCIAL CORP. | $4,845,000 | $2,255,000 | -53.5% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $2,995,000 | $2,215,000 | -26.0% | 0.2% |
| NP, Inc. | $825,000 | $2,205,000 | 167.3% | 0.2% |
| Hometown Equity Mortgage, LLC | $525,000 | $2,200,000 | 319.0% | 0.2% |
| Horizon Bank SSB | $2,180,000 | n/a | 0.2% | |
| Citadel Servicing Corporation | $1,680,000 | $2,130,000 | 26.8% | 0.2% |
| Benchmark Bank | $2,105,000 | n/a | 0.2% | |
| WESTERRA CREDIT UNION | $3,315,000 | $2,105,000 | -36.5% | 0.2% |
| ENCORE BANK | $2,055,000 | n/a | 0.2% | |
| ARC HOME LLC | $2,020,000 | n/a | 0.2% | |
| Comerica Bank | $14,970,000 | $2,005,000 | -86.6% | 0.2% |
| Leader Bank | $2,005,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $3,185,000 | $1,995,000 | -37.4% | 0.2% |
| Elevations Credit Union | $6,950,000 | $1,970,000 | -71.7% | 0.2% |
| CITIZENS EQUITY FIRST | $1,925,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $12,380,000 | $1,910,000 | -84.6% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,905,000 | n/a | 0.2% | |
| HOMEXPRESS MORTGAGE CORP. | $1,905,000 | n/a | 0.2% | |
| M&T Bank | $1,950,000 | $1,845,000 | -5.4% | 0.2% |
| Paragon Bank | $1,805,000 | n/a | 0.2% | |
| HomeBank Texas | $1,755,000 | n/a | 0.2% | |
| CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $1,270,000 | $1,745,000 | 37.4% | 0.2% |
| CALIBER HOME LOANS, INC. | $12,090,000 | $1,720,000 | -85.8% | 0.2% |
| Vista Bank | $1,695,000 | n/a | 0.2% | |
| The Northern Trust Company | $12,395,000 | $1,690,000 | -86.4% | 0.2% |
| Sanibel Captiva Community Bank | $1,685,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $7,050,000 | $1,565,000 | -77.8% | 0.2% |
| GUILD MORTGAGE COMPANY | $1,330,000 | $1,565,000 | 17.7% | 0.2% |
| NEXERA HOLDING LLC | $485,000 | $1,500,000 | 209.3% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $525,000 | $1,490,000 | 183.8% | 0.2% |
| AMERICAN FINANCING CORPORATION | $2,400,000 | $1,485,000 | -38.1% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $2,300,000 | $1,465,000 | -36.3% | 0.2% |
| FUNDLOANS CAPITAL | $6,410,000 | $1,460,000 | -77.2% | 0.2% |
| Bell Bank | $1,445,000 | n/a | 0.2% | |
| Simmons Bank | $1,445,000 | n/a | 0.2% | |
| Northpointe Bank | $745,000 | $1,430,000 | 91.9% | 0.1% |
| SWBC MORTGAGE CORPORATION | $1,405,000 | n/a | 0.1% | |
| Wilmington Savings Fund Society, FSB | $1,405,000 | n/a | 0.1% | |
| Baxter Credit Union | $155,000 | $1,385,000 | 793.5% | 0.1% |
| CITYWIDE HOME LOANS, LLC | $355,000 | $1,380,000 | 288.7% | 0.1% |
| FBC MORTGAGE, LLC | $2,100,000 | $1,355,000 | -35.5% | 0.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,655,000 | $1,295,000 | -21.8% | 0.1% |
| JMAC LENDING, INC. | $1,160,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $815,000 | $1,115,000 | 36.8% | 0.1% |
| EMBRACE HOME LOANS, INC. | $1,165,000 | $1,085,000 | -6.9% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $1,515,000 | $1,080,000 | -28.7% | 0.1% |
| Montgomery Bank | $745,000 | $1,075,000 | 44.3% | 0.1% |
| Chicago Mortgage Solutions LLC | $3,530,000 | $1,010,000 | -71.4% | 0.1% |
| NEWREZ LLC | $1,675,000 | $1,010,000 | -39.7% | 0.1% |
| Guaranty Bank & Trust, N.A. | $875,000 | $1,005,000 | 14.9% | 0.1% |
| BELLCO | $1,350,000 | $970,000 | -28.1% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,615,000 | $955,000 | -40.9% | 0.1% |
| PLANET HOME LENDING, LLC | $3,960,000 | $955,000 | -75.9% | 0.1% |
| SECURITY SERVICE | $2,785,000 | $945,000 | -66.1% | 0.1% |
| Ixonia Bank | $925,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $545,000 | $925,000 | 69.7% | 0.1% |
| GARDNER FINANCIAL SERVICES, LTD. | $855,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $845,000 | n/a | 0.1% | |
| Credit Union of Denver | $585,000 | $820,000 | 40.2% | 0.1% |
| PILGRIM MORTGAGE LLC | $815,000 | n/a | 0.1% | |
| Blue Federal Credit Union | $105,000 | $810,000 | 671.4% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $755,000 | n/a | 0.1% | |
| Armed Forces Bank | $725,000 | n/a | 0.1% | |
| Farmers Bank & Trust | $725,000 | n/a | 0.1% | |
| First American State Bank | $725,000 | n/a | 0.1% | |
| Old National Bank | $4,675,000 | $725,000 | -84.5% | 0.1% |
| Bank First, N.A. | $705,000 | n/a | 0.1% | |
| COLORADO CREDIT UNION | $1,435,000 | $705,000 | -50.9% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,745,000 | $685,000 | -85.6% | 0.1% |
| First National Bank | $675,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $675,000 | n/a | 0.1% | |
| First Dakota National Bank | $665,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $970,000 | $665,000 | -31.4% | 0.1% |
| The Fidelity Deposit and Discount Bank | $445,000 | $625,000 | 40.4% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $585,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $850,000 | $575,000 | -32.4% | 0.1% |
| NBKC BANK | $645,000 | $575,000 | -10.9% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $1,805,000 | $555,000 | -69.3% | 0.1% |
| Bank Five Nine | $555,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $65,000 | $545,000 | 738.5% | 0.1% |
| Heritage Bank | $535,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $525,000 | n/a | 0.1% | |
| Discover Bank | $1,125,000 | $525,000 | -53.3% | 0.1% |
| AMERITRUST MORTGAGE CORPORATION | $505,000 | n/a | 0.1% | |
| HANSCOM | $505,000 | n/a | 0.1% | |
| M2 Lending Solutions, LLC | $515,000 | $505,000 | -1.9% | 0.1% |
| V.I.P. MORTGAGE, INC. | $505,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $495,000 | n/a | 0.1% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $495,000 | n/a | 0.1% | |
| CHERRY CREEK MORTGAGE, LLC | $5,720,000 | $485,000 | -91.5% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $6,795,000 | $480,000 | -92.9% | 0.0% |
| Figure Lending LLC | $200,000 | $470,000 | 135.0% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $455,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $720,000 | $445,000 | -38.2% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $2,105,000 | $425,000 | -79.8% | 0.0% |
| A&D Mortgage LLC | $1,155,000 | $405,000 | -64.9% | 0.0% |
| KINECTA | $405,000 | n/a | 0.0% | |
| Banterra Bank | $385,000 | n/a | 0.0% | |
| FirstBank | $385,000 | $385,000 | 0.0% | 0.0% |
| LENDSURE MORTGAGE CORP. | $1,250,000 | $375,000 | -70.0% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $345,000 | n/a | 0.0% | |
| S1L, Inc. | $1,300,000 | $335,000 | -74.2% | 0.0% |
| Truist | $15,105,000 | $335,000 | -97.8% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $325,000 | n/a | 0.0% | |
| FOOTHILLS | $305,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $630,000 | $305,000 | -51.6% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $2,860,000 | $285,000 | -90.0% | 0.0% |
| American Airlines Federal Credit Union | $685,000 | $255,000 | -62.8% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $145,000 | $255,000 | 75.9% | 0.0% |
| North Dallas Bank & Trust Co. | $1,505,000 | $245,000 | -83.7% | 0.0% |
| Minnequa Works Credit Union | $225,000 | n/a | 0.0% | |
| Red Rocks Credit Union | $200,000 | $210,000 | 5.0% | 0.0% |
| Connexus Credit Union | $205,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $695,000 | $185,000 | -73.4% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $175,000 | n/a | 0.0% | |
| ON TAP | $625,000 | $165,000 | -73.6% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $155,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $75,000 | $155,000 | 106.7% | 0.0% |
| UTAH FIRST | $155,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $145,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $1,310,000 | $105,000 | -92.0% | 0.0% |
| Coastal Community Bank | $100,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $85,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $65,000 | n/a | 0.0% |
Edwards's top lender by overall market share is FirstBank, with 10.9% market share. In second place, with 9.4%, is JPMorgan Chase Bank, having originated $89,905,000 in loans. In third place, with 6.9%, is Alpine Bank, having originated $66,425,000 in loans. In fourth place, with 4.4%, is Wells Fargo Bank, having originated $42,525,000 in loans. In fifth place, with 4.2%, is Morgan Stanley Private Bank, having originated $40,300,000 in loans.
Edwards, CO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 652 | $667,790,000 | $1,024,218 |
| Home Improvement | 166 | $35,810,000 | $215,723 |
| Other | 164 | $137,470,000 | $838,232 |
| Refi | 100 | $62,210,000 | $622,100 |
| Cash Out Refi | 99 | $57,005,000 | $575,808 |
Edwards's most frequently cited loan purpose was Home Purchase, with 652 originations. The 2nd most popular reason was Home Improvement, with 166 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 324 | $140,180,000 | $432,654 |
| 6-7% | 321 | $274,485,000 | $855,093 |
| 7-8% | 287 | $209,485,000 | $729,913 |
| 5-6% | 181 | $240,215,000 | $1,327,155 |
| 4-5% | 25 | $49,325,000 | $1,973,000 |
| 2.5-3% | 11 | $7,035,000 | $639,545 |
| <2.5% | 10 | $1,210,000 | $121,000 |
| 3-4% | 8 | $13,300,000 | $1,662,500 |
During 2023, Edwards's most frequently originated rate bucket was Over 8%, with 324 originations.
Loan Sizing (Edwards, CO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $Over $1MM | 268 | $596,060,000 | $2,224,104 |
| $600k-1000k | 232 | $178,350,000 | $768,750 |
| $400k-600k | 209 | $102,095,000 | $488,493 |
| $200k-400k | 196 | $57,330,000 | $292,500 |
| $100k-200k | 140 | $19,030,000 | $135,929 |
| $100,000 or less | 136 | $7,420,000 | $54,559 |
Edwards's loan sizing saw the bucket of loans from $Over $1MM with 268 originations, totaling $596,060,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| Under 20% | 329 | $53,535,000 | $162,720 |
| 60-80% | 300 | $401,310,000 | $1,337,700 |
| 20-40% | 189 | $113,065,000 | $598,228 |
| 40-60% | 178 | $223,520,000 | $1,255,730 |
| 80-100% | 167 | $141,915,000 | $849,790 |
Edwards's loan sizing saw loans grouped in the Under 20% Loan-to-value bucket with 329 originations, totaling $53,535,000 in origination value.