Elko Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Elko averaged
6.19%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.39% and
one month ago for the week of 2024-09-05, the
average rate was 6.32%.
Elko's average rate one year ago was 7.46%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.32%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Elko 30 Year Fixed Rate | 2024-10-10 | 6.19% |
Elko 30 Year Fixed Rate Refi | 2024-10-10 | 6.32% |
Elko 15 Year Fixed Rate | 2024-10-10 | 5.31% |
Elko 15 Year Fixed Rate Refi | 2024-10-10 | 5.91% |
Elko 30 Year FHA | 2024-10-10 | 6.21% |
Elko 30 Year FHA Refi | 2024-10-10 | 6% |
Elko 30 Year USDA | 2024-10-10 | 5.98% |
Elko 30 Year USDA Refi | 2024-10-10 | 5.88% |
Elko 30 Year VA | 2024-10-10 | 5.95% |
Elko 30 Year VA Refi | 2024-10-10 | 5.85% |
Elko 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 Elko, NV 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.).
Elko Average Closing Costs & Other Stats
Elko, NV's 59 lenders originated 894
loans during 2023. The total origination value was $230,590,000, with an average loan value of
$257,931.
Elko's average closing costs are $6,900.
The top Elko lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
80 loans originated. Their average total fees are
$9,269, which is $1,597
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Elko lenders (with over 10 loans originated) are
GREATER NEVADA LLC ($4,746), UNITED ($6,970), QUICKEN LOANS, LLC ($7,672), CMG MORTGAGE, INC. ($8,526) and GUILD MORTGAGE COMPANY ($9,269).
The lowest rate Elko lenders (with over 10 loans originated) are
GREATER NEVADA LLC (6.48%), CMG MORTGAGE, INC. (6.54%), QUICKEN LOANS, LLC (6.65%), UNITED (6.81%) and ACADEMY MORTGAGE CORPORATION (6.94%).
Elko, NV 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 |
---|---|---|---|---|
GUILD MORTGAGE COMPANY | $62,945,000 | $56,820,000 | -9.7% | 24.6% |
CMG MORTGAGE, INC. | $23,355,000 | $16,330,000 | -30.1% | 7.1% |
QUICKEN LOANS, LLC | $27,295,000 | $15,700,000 | -42.5% | 6.8% |
BROKER SOLUTIONS, INC. | $30,240,000 | $12,290,000 | -59.4% | 5.3% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,405,000 | $11,475,000 | 716.7% | 5.0% |
MOVEMENT MORTGAGE, LLC | $6,510,000 | $11,215,000 | 72.3% | 4.9% |
ISERVE RESIDENTIAL LENDING, LLC | $5,430,000 | $10,760,000 | 98.2% | 4.7% |
ACADEMY MORTGAGE CORPORATION | $19,300,000 | $8,360,000 | -56.7% | 3.6% |
UNITED WHOLESALE MORTGAGE, LLC | $5,265,000 | $7,250,000 | 37.7% | 3.1% |
GREATER NEVADA LLC | $14,320,000 | $6,830,000 | -52.3% | 3.0% |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $2,925,000 | $4,790,000 | 63.8% | 2.1% |
PENNYMAC LOAN SERVICES, LLC | $3,375,000 | $4,250,000 | 25.9% | 1.8% |
UNITED | $2,515,000 | $4,035,000 | 60.4% | 1.7% |
U.S. Bank | $5,835,000 | $2,880,000 | -50.6% | 1.2% |
LOANDEPOT.COM, LLC | $3,270,000 | $2,595,000 | -20.6% | 1.1% |
GUARANTEED RATE, INC. | $640,000 | $2,420,000 | 278.1% | 1.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,570,000 | $2,215,000 | -38.0% | 1.0% |
Century Mortgage Company DBA Century Lending Company | $2,100,000 | n/a | 0.9% | |
Zions Bank | $8,045,000 | $2,100,000 | -73.9% | 0.9% |
CROSSCOUNTRY MORTGAGE, LLC | $300,000 | $2,035,000 | 578.3% | 0.9% |
Mortgage Research Center, LLC | $5,975,000 | $1,990,000 | -66.7% | 0.9% |
AMERISAVE MORTGAGE CORPORATION | $3,410,000 | $1,970,000 | -42.2% | 0.9% |
SUMMIT FUNDING, INC. | $680,000 | $1,880,000 | 176.5% | 0.8% |
SECURITY SERVICE | $1,805,000 | n/a | 0.8% | |
AMERICA FIRST | $1,200,000 | $1,685,000 | 40.4% | 0.7% |
MOUNTAIN AMERICA | $1,510,000 | $1,535,000 | 1.7% | 0.7% |
Wells Fargo Bank | $9,520,000 | $1,370,000 | -85.6% | 0.6% |
Washington Federal Bank | $2,005,000 | $1,335,000 | -33.4% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $3,200,000 | $1,315,000 | -58.9% | 0.6% |
ON Q FINANCIAL, INC. | $1,265,000 | n/a | 0.5% | |
NEWREZ LLC | $1,015,000 | $1,250,000 | 23.2% | 0.5% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,185,000 | n/a | 0.5% | |
VILLAGE CAPITAL MORTGAGE | $885,000 | $990,000 | 11.9% | 0.4% |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $1,505,000 | $955,000 | -36.5% | 0.4% |
ZILLOW HOME LOANS, LLC | $905,000 | $930,000 | 2.8% | 0.4% |
Flagstar Bank, FSB | $1,235,000 | $925,000 | -25.1% | 0.4% |
Operating Engineers Local Union #3 | $1,575,000 | $805,000 | -48.9% | 0.3% |
SUN WEST MORTGAGE COMPANY, INC. | $805,000 | n/a | 0.3% | |
AMERICAN FINANCIAL NETWORK, INC. | $780,000 | n/a | 0.3% | |
Arvest Bank | $780,000 | n/a | 0.3% | |
RBC Bank, (Georgia) | $740,000 | n/a | 0.3% | |
Magnolia Bank | $755,000 | $650,000 | -13.9% | 0.3% |
21ST MORTGAGE CORPORATION | $700,000 | $635,000 | -9.3% | 0.3% |
NBKC BANK | $325,000 | $620,000 | 90.8% | 0.3% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $370,000 | $585,000 | 58.1% | 0.3% |
CITYWIDE HOME LOANS, LLC | $6,455,000 | $570,000 | -91.2% | 0.2% |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $1,280,000 | $510,000 | -60.2% | 0.2% |
Cornerstone First Mortgage, Inc | $485,000 | n/a | 0.2% | |
Discover Bank | $110,000 | $470,000 | 327.3% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $965,000 | $460,000 | -52.3% | 0.2% |
NFM, INC. | $455,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,160,000 | $440,000 | -79.6% | 0.2% |
NAVY FEDERAL CREDIT UNION | $1,710,000 | $435,000 | -74.6% | 0.2% |
The Loan Store, Inc. | $430,000 | n/a | 0.2% | |
CARDINAL FINANCIAL | $590,000 | $395,000 | -33.1% | 0.2% |
AMERICAN FINANCIAL RESOURCES, INC. | $380,000 | n/a | 0.2% | |
INFINITY EQUITY GROUP, INC. | $365,000 | n/a | 0.2% | |
FREEDOM MORTGAGE CORPORATION | $7,160,000 | $355,000 | -95.0% | 0.2% |
USAA Federal Savings Bank | $925,000 | $355,000 | -61.6% | 0.2% |
SECURITYNATIONAL MORTGAGE COMPANY | $1,055,000 | $350,000 | -66.8% | 0.2% |
Barrington Bank & Trust Company, N.A. | $485,000 | $345,000 | -28.9% | 0.1% |
American Mortgage & Equity Consultants, Inc. | $335,000 | n/a | 0.1% | |
CRESCENT MORTGAGE COMPANY | $4,045,000 | $335,000 | -91.7% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $600,000 | $335,000 | -44.2% | 0.1% |
FINANCE OF AMERICA REVERSE LLC | $185,000 | $325,000 | 75.7% | 0.1% |
HSBC BANK USA, NATIONAL ASSOCIATION | $325,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $315,000 | n/a | 0.1% | |
JPMorgan Chase Bank | $740,000 | $305,000 | -58.8% | 0.1% |
Northpointe Bank | $1,295,000 | $305,000 | -76.4% | 0.1% |
TOP FLITE FINANCIAL, INC. | $245,000 | $305,000 | 24.5% | 0.1% |
Bank of America | $460,000 | $295,000 | -35.9% | 0.1% |
PREMIA MORTGAGE, LLC | $465,000 | $295,000 | -36.6% | 0.1% |
Umpqua Bank | $475,000 | $285,000 | -40.0% | 0.1% |
NEXERA HOLDING LLC | $275,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $535,000 | $250,000 | -53.3% | 0.1% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $355,000 | $245,000 | -31.0% | 0.1% |
Plains Commerce Bank | $245,000 | n/a | 0.1% | |
The Federal Savings Bank | $1,725,000 | $245,000 | -85.8% | 0.1% |
Carrington Mortgage Services, LLC | $765,000 | $235,000 | -69.3% | 0.1% |
Nations Lending Corporation | $615,000 | $235,000 | -61.8% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $235,000 | n/a | 0.1% | |
LIMA ONE CAPITAL, LLC | $225,000 | n/a | 0.1% | |
MASON MCDUFFIE MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
VERITAS FUNDING, LLC | $215,000 | n/a | 0.1% | |
LENDINGHOME FUNDING CORPORATION | $2,120,000 | $205,000 | -90.3% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | n/a | 0.1% | |
FIRST COMMUNITY MORTGAGE, INC. | $195,000 | n/a | 0.1% | |
STAR ONE CREDIT UNION | $195,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
Figure Lending LLC | $685,000 | $165,000 | -75.9% | 0.1% |
Sierra Pacific Mortgage Company, Inc. | $135,000 | $155,000 | 14.8% | 0.1% |
AFFINITY | $105,000 | n/a | 0.0% | |
Bethpage Federal Credit Union | $85,000 | n/a | 0.0% | |
ALLIANT CREDIT UNION | $65,000 | $75,000 | 15.4% | 0.0% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,030,000 | $75,000 | -92.7% | 0.0% |
HomeTrust Bank | $75,000 | n/a | 0.0% | |
IDAHO CENTRAL | $75,000 | n/a | 0.0% | |
UTAH FIRST | $65,000 | n/a | 0.0% | |
Firefighters First Federal Credit Union | $25,000 | n/a | 0.0% |
Elko's top lender by overall market share is GUILD MORTGAGE COMPANY, with 24.6% market share. In second place, with 7.1%, is CMG MORTGAGE, INC., having originated $16,330,000 in loans. In third place, with 6.8%, is QUICKEN LOANS, LLC, having originated $15,700,000 in loans. In fourth place, with 5.3%, is BROKER SOLUTIONS, INC., having originated $12,290,000 in loans. In fifth place, with 5.0%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $11,475,000 in loans.
Elko Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Elko (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 | $269,590 (10.0%) | $296,216 (11.8%) | 0.00 | 219 |
2018-02-01 | $265,900 (9.7%) | $297,420 (12.5%) | 0.00 | 225 |
2018-03-01 | $268,780 (8.1%) | $295,521 (11.3%) | 0.00 | 213 |
2018-04-01 | $270,150 (8.8%) | $301,604 (13.1%) | 0.00 | 186 |
2018-05-01 | $278,188 (11.4%) | $317,948 (17.3%) | 0.00 | 182 |
2018-06-01 | $277,375 (7.1%) | $303,848 (9.9%) | 0.00 | 188 |
2018-07-01 | $279,950 (7.7%) | $303,503 (9.7%) | 0.00 | 212 |
2018-08-01 | $274,635 (5.7%) | $296,641 (5.0%) | 0.00 | 219 |
2018-09-01 | $272,500 (4.9%) | $291,198 (0.6%) | 0.00 | 223 |
2018-10-01 | $275,425 (4.3%) | $297,622 (1.8%) | 0.00 | 226 |
2018-11-01 | $281,950 (4.8%) | $302,270 (4.8%) | 0.00 | 211 |
2018-12-01 | $279,900 (3.9%) | $331,644 (13.3%) | 0.00 | 209 |
2019-01-01 | $281,450 (4.4%) | $298,797 (0.9%) | 0.00 | 206 |
2019-02-01 | $283,450 (6.6%) | $302,764 (1.8%) | 0.00 | 169 |
2019-03-01 | $296,729 (10.4%) | $324,659 (9.9%) | 0.00 | 184 |
2019-04-01 | $294,600 (9.1%) | $333,477 (10.6%) | 0.00 | 215 |
2019-05-01 | $288,175 (3.6%) | $315,154 (-0.9%) | 0.00 | 232 |
2019-06-01 | $289,450 (4.4%) | $306,190 (0.8%) | 0.00 | 244 |
2019-07-01 | $289,975 (3.6%) | $307,642 (1.4%) | 0.00 | 281 |
2019-08-01 | $294,608 (7.3%) | $312,024 (5.2%) | 0.00 | 272 |
2019-09-01 | $301,522 (10.7%) | $314,899 (8.1%) | 0.00 | 261 |
2019-10-01 | $305,132 (10.8%) | $316,593 (6.4%) | 0.00 | 252 |
2019-11-01 | $299,900 (6.4%) | $316,883 (4.8%) | 0.00 | 231 |
2019-12-01 | $304,475 (8.8%) | $319,614 (-3.6%) | 0.00 | 228 |
2020-01-01 | $300,200 (6.7%) | $319,032 (6.8%) | 0.00 | 215 |
2020-02-01 | $315,000 (11.1%) | $318,964 (5.4%) | 0.00 | 195 |
2020-03-01 | $315,500 (6.3%) | $318,477 (-1.9%) | 0.00 | 186 |
2020-04-01 | $318,963 (8.3%) | $325,103 (-2.5%) | 0.00 | 169 |
2020-05-01 | $337,900 (17.3%) | $344,951 (9.5%) | 0.00 | 163 |
2020-06-01 | $340,063 (17.5%) | $346,553 (13.2%) | 0.00 | 148 |
2020-07-01 | $342,225 (18.0%) | $354,209 (15.1%) | 0.00 | 132 |
2020-08-01 | $338,780 (15.0%) | $354,906 (13.7%) | 0.00 | 125 |
2020-09-01 | $350,500 (16.2%) | $361,335 (14.8%) | 0.00 | 115 |
2020-10-01 | $349,000 (14.4%) | $366,289 (15.7%) | 0.00 | 118 |
2020-11-01 | $381,500 (27.2%) | $392,985 (24.0%) | 0.00 | 130 |
2020-12-01 | $374,825 (23.1%) | $385,877 (20.7%) | 0.00 | 130 |
2021-01-01 | $375,500 (25.1%) | $382,936 (20.0%) | 0.00 | 120 |
2021-02-01 | $408,300 (29.6%) | $403,730 (26.6%) | 0.00 | 97 |
2021-03-01 | $415,000 (31.5%) | $400,468 (25.7%) | 0.00 | 102 |
2021-04-01 | $421,500 (32.2%) | $411,199 (26.5%) | 0.00 | 94 |
2021-05-01 | $392,000 (16.0%) | $411,460 (19.3%) | 0.00 | 44 |
2021-06-01 | $379,945 (11.7%) | $492,909 (42.2%) | 0.00 | 50 |
2021-07-01 | $336,450 (-1.7%) | $440,222 (24.3%) | 0.00 | 72 |
2021-08-01 | $361,000 (6.6%) | $401,185 (13.0%) | 0.00 | 80 |
2021-09-01 | $385,500 (10.0%) | $412,131 (14.1%) | 0.00 | 85 |
2021-10-01 | $416,000 (19.2%) | $432,280 (18.0%) | 0.00 | 128 |
2021-11-01 | $411,750 (7.9%) | $434,060 (10.5%) | 0.00 | 133 |
2021-12-01 | $420,000 (12.1%) | $433,308 (12.3%) | 0.00 | 126 |
2022-01-01 | $438,000 (16.6%) | $431,616 (12.7%) | 0.00 | 117 |
2022-02-01 | $462,500 (13.3%) | $454,851 (12.7%) | 0.00 | 102 |
2022-03-01 | $484,075 (16.6%) | $466,057 (16.4%) | 0.00 | 88 |
2022-04-01 | $499,000 (18.4%) | $489,485 (19.0%) | 0.00 | 78 |
2022-05-01 | $504,150 (28.6%) | $503,627 (22.4%) | 0.00 | 102 |
2022-06-01 | $499,950 (31.6%) | $487,414 (-1.1%) | 0.00 | 96 |
2022-07-01 | $513,350 (52.6%) | $501,705 (14.0%) | 0.00 | 112 |
2022-08-01 | $516,915 (43.2%) | $515,121 (28.4%) | 0.00 | 129 |
2022-09-01 | $512,350 (32.9%) | $488,317 (18.5%) | 0.00 | 143 |
2022-10-01 | $499,050 (20.0%) | $481,236 (11.3%) | 0.00 | 146 |
2022-11-01 | $485,100 (17.8%) | $480,000 (10.6%) | 0.00 | 152 |
2022-12-01 | $485,100 (15.5%) | $471,324 (8.8%) | 0.00 | 140 |
2023-01-01 | $476,275 (8.7%) | $463,342 (7.4%) | 0.00 | 122 |
2023-02-01 | $483,775 (4.6%) | $468,228 (2.9%) | 0.00 | 107 |
2023-03-01 | $532,200 (9.9%) | $511,044 (9.7%) | 0.00 | 90 |
2023-04-01 | $525,000 (5.2%) | $508,070 (3.8%) | 0.00 | 95 |
2023-05-01 | $517,900 (2.7%) | $495,656 (-1.6%) | 0.00 | 111 |
2023-06-01 | $502,450 (0.5%) | $502,003 (3.0%) | 0.00 | 130 |
2023-07-01 | $439,900 (-14.3%) | $421,925 (-15.9%) | 0.00 | 176 |
2023-08-01 | $402,250 (-22.2%) | $414,480 (-19.5%) | 0.00 | 181 |
2023-09-01 | $399,900 (-22.0%) | $411,489 (-15.7%) | 0.00 | 184 |
2023-10-01 | $398,450 (-20.2%) | $415,274 (-13.7%) | 0.00 | 178 |
2023-11-01 | $384,700 (-20.7%) | $405,930 (-15.4%) | 0.00 | 177 |
2023-12-01 | $406,500 (-16.2%) | $407,982 (-13.4%) | 0.00 | 154 |
2024-01-01 | $419,250 (-12.0%) | $406,705 (-12.2%) | 0.00 | 158 |
2024-02-01 | $420,000 (-13.2%) | $389,214 (-16.9%) | 0.00 | 152 |
2024-03-01 | $399,000 (-25.0%) | $387,865 (-24.1%) | 0.00 | 150 |
2024-04-01 | $390,425 (-25.6%) | $377,230 (-25.8%) | 0.00 | 149 |
2024-05-01 | $435,000 (-16.0%) | $404,700 (-18.4%) | 0.00 | 153 |
2024-06-01 | $427,450 (-14.9%) | $389,991 (-22.3%) | 0.00 | 162 |
2024-07-01 | $429,900 (-2.3%) | $405,614 (-3.9%) | 0.00 | 162 |
2024-08-01 | $430,000 (6.9%) | $417,724 (0.8%) | 0.00 | 169 |
2024-09-01 | $410,500 (2.7%) | $417,563 (1.5%) | 0.00 | 174 |
Elko's median listing price comes in at 0% of the national average.
Elko's average listing price for 2024-09-01 was $417,563, a difference of $6,074 (1.5%) versus the prior year and $-161 versus the prior month.
For the 2024-09-01 period, Elko had 174 MLS listings, a difference of 5 listings (3%) versus the prior month and -10 listings (-5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Elko (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,990 sqft |
2018-02-01 | 0 days | 1,980 sqft |
2018-03-01 | 0 days | 2,043 sqft |
2018-04-01 | 0 days | 1,976 sqft |
2018-05-01 | 0 days | 2,061 sqft |
2018-06-01 | 0 days | 2,041 sqft |
2018-07-01 | 0 days | 1,866 sqft |
2018-08-01 | 0 days | 1,778 sqft |
2018-09-01 | 0 days | 1,734 sqft |
2018-10-01 | 0 days | 1,750 sqft |
2018-11-01 | 0 days | 1,770 sqft |
2018-12-01 | 0 days | 1,900 sqft |
2019-01-01 | 0 days | 1,888 sqft |
2019-02-01 | 0 days | 1,882 sqft |
2019-03-01 | 0 days | 1,920 sqft |
2019-04-01 | 0 days | 1,910 sqft |
2019-05-01 | 0 days | 1,899 sqft |
2019-06-01 | 0 days | 1,900 sqft |
2019-07-01 | 0 days | 1,916 sqft |
2019-08-01 | 0 days | 1,953 sqft |
2019-09-01 | 0 days | 2,002 sqft |
2019-10-01 | 0 days | 2,035 sqft |
2019-11-01 | 0 days | 2,062 sqft |
2019-12-01 | 0 days | 2,082 sqft |
2020-01-01 | 0 days | 2,113 sqft |
2020-02-01 | 0 days | 2,016 sqft |
2020-03-01 | 0 days | 2,000 sqft |
2020-04-01 | 0 days | 2,008 sqft |
2020-05-01 | 0 days | 2,128 sqft |
2020-06-01 | 0 days | 2,115 sqft |
2020-07-01 | 0 days | 2,114 sqft |
2020-08-01 | 0 days | 2,114 sqft |
2020-09-01 | 0 days | 2,141 sqft |
2020-10-01 | 0 days | 2,114 sqft |
2020-11-01 | 0 days | 2,114 sqft |
2020-12-01 | 0 days | 2,086 sqft |
2021-01-01 | 0 days | 2,001 sqft |
2021-02-01 | 0 days | 2,220 sqft |
2021-03-01 | 0 days | 2,220 sqft |
2021-04-01 | 0 days | 2,220 sqft |
2021-05-01 | 0 days | 2,213 sqft |
2021-06-01 | 0 days | 2,256 sqft |
2021-07-01 | 0 days | 2,239 sqft |
2021-08-01 | 0 days | 2,065 sqft |
2021-09-01 | 0 days | 2,036 sqft |
2021-10-01 | 0 days | 2,114 sqft |
2021-11-01 | 0 days | 2,047 sqft |
2021-12-01 | 0 days | 2,112 sqft |
2022-01-01 | 0 days | 2,114 sqft |
2022-02-01 | 0 days | 2,204 sqft |
2022-03-01 | 0 days | 2,220 sqft |
2022-04-01 | 0 days | 2,263 sqft |
2022-05-01 | 0 days | 2,287 sqft |
2022-06-01 | 0 days | 2,290 sqft |
2022-07-01 | 0 days | 2,115 sqft |
2022-08-01 | 0 days | 2,220 sqft |
2022-09-01 | 0 days | 2,190 sqft |
2022-10-01 | 0 days | 2,182 sqft |
2022-11-01 | 0 days | 2,137 sqft |
2022-12-01 | 0 days | 2,114 sqft |
2023-01-01 | 0 days | 2,114 sqft |
2023-02-01 | 0 days | 2,190 sqft |
2023-03-01 | 0 days | 2,231 sqft |
2023-04-01 | 0 days | 2,221 sqft |
2023-05-01 | 0 days | 2,189 sqft |
2023-06-01 | 0 days | 2,186 sqft |
2023-07-01 | 0 days | 2,204 sqft |
2023-08-01 | 0 days | 2,202 sqft |
2023-09-01 | 0 days | 2,190 sqft |
2023-10-01 | 0 days | 2,127 sqft |
2023-11-01 | 0 days | 2,114 sqft |
2023-12-01 | 0 days | 2,200 sqft |
2024-01-01 | 0 days | 2,236 sqft |
2024-02-01 | 0 days | 2,157 sqft |
2024-03-01 | 0 days | 2,156 sqft |
2024-04-01 | 0 days | 2,024 sqft |
2024-05-01 | 0 days | 2,189 sqft |
2024-06-01 | 0 days | 2,229 sqft |
2024-07-01 | 0 days | 2,297 sqft |
2024-08-01 | 0 days | 2,225 sqft |
2024-09-01 | 0 days | 2,227 sqft |
Elko's median square footage for active listings during the 2024-09-01 period was 2,227 sqft. One year prior, the average listing was 2,190 sqft.
Elko, NV Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 664 | $190,910,000 | $287,515 |
Cash Out Refi | 107 | $21,555,000 | $201,449 |
Refi | 43 | $11,425,000 | $265,698 |
Home Improvement | 42 | $3,550,000 | $84,524 |
Other | 38 | $3,150,000 | $82,895 |
Elko's most frequently cited loan purpose was Home Purchase, with 664 originations. The 2nd most popular reason was Cash Out Refi, with 107 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 357 | $106,035,000 | $297,017 |
7-8% | 253 | $73,995,000 | $292,470 |
Over 8% | 116 | $12,610,000 | $108,707 |
5-6% | 115 | $35,285,000 | $306,826 |
<2.5% | 34 | $350,000 | $10,294 |
4-5% | 6 | $1,440,000 | $240,000 |
3-4% | 3 | $315,000 | $105,000 |
2.5-3% | 2 | $460,000 | $230,000 |
During 2023, Elko's most frequently originated rate bucket was 6-7%, with 357 originations.
Loan Sizing (Elko, NV MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 528 | $157,020,000 | $297,386 |
$100,000 or less | 148 | $6,590,000 | $44,527 |
$100k-200k | 117 | $17,965,000 | $153,547 |
$400k-600k | 93 | $42,615,000 | $458,226 |
$600k-1000k | 7 | $4,595,000 | $656,429 |
$Over $1MM | 1 | $1,805,000 | $1,805,000 |
Elko's loan sizing saw the bucket of loans from $200k-400k with 528 originations, totaling $157,020,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 506 | $161,140,000 | $318,458 |
60-80% | 145 | $39,385,000 | $271,621 |
Under 20% | 114 | $4,090,000 | $35,877 |
20-40% | 58 | $8,250,000 | $142,241 |
40-60% | 49 | $10,085,000 | $205,816 |
Over 100% | 20 | $7,180,000 | $359,000 |
Elko's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 506 originations, totaling $161,140,000 in origination value.