Española Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Española averaged 6.65% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.73% and one month ago for the week of 2023-02-16, the average rate was 6.65%.

    Española's average rate one year ago was 3.92%.

    For refis of the same type during the week of 2023-03-23, the average rate was 7.05%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Española 30 Year Fixed Rate 2023-03-23 6.65%
    Española 30 Year Fixed Rate Refi 2023-03-23 7.05%
    Española 15 Year Fixed Rate 2023-03-23 6.26%
    Española 15 Year Fixed Rate Refi 2023-03-23 6.58%
    Española 30 Year FHA 2023-03-23 6.55%
    Española 30 Year FHA Refi 2023-03-23 6.25%
    Española 30 Year USDA 2023-03-23 6.17%
    Española 30 Year USDA Refi 2023-03-23 2.92%
    Española 30 Year VA 2023-03-23 6.48%
    Española 30 Year VA Refi 2023-03-23 5.67%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Española, NM.

    Española 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 Española, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 17 4.84% $7,073
    21ST MORTGAGE CORPORATION 10 6.73% $6,390
    Del Norte Credit Union 10 4.49% $3,462
    Waterstone Mortgage Corporation 9 5.29% $7,009
    UNITED WHOLESALE MORTGAGE, LLC 9 5.42% $8,968
    Gateway First Bank 8 5.22% $5,000
    LOANDEPOT.COM, LLC 8 4.61% $6,257
    BOKF 6 5.15% $5,566
    LEGACY MORTGAGE LLC 6 5.19% $7,009
    GUADALUPE CREDIT UNION 5 5.31% $6,973
    Enterprise Bank & Trust 4 4.31% $6,576
    U.S. Bank 3 4.21% $6,956
    Bell Bank 3 6.25% $4,059
    Sunflower Bank 3 4.87% $5,488
    NAVY FEDERAL CREDIT UNION 3 4.04% $3,823
    Bank of America 3 3.92% $4,238
    GENEVA FINANCIAL, LLC 2 5.50% $10,238
    GUILD MORTGAGE COMPANY 2 5.75% $9,180
    Mr. Cooper ( Nationstar Mortgage ) 2 4.31% $6,603
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.13% $8,673
    SECURITYNATIONAL MORTGAGE COMPANY 2 4.87% $8,994
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $5,617
    GUARANTEED RATE, INC. 1 6.38% $3,653
    Washington Federal Bank 1 2.88% $4,676
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.88% $2,678
    HOMESPIRE MORTGAGE CORPORATION 1 3.88% $4,416
    JPMorgan Chase Bank 1 6.75% $3,604
    LAKEVIEW LOAN SERVICING, LLC 1 3.38% $6,798
    DELMAR FINANCIAL COMPANY 1 5.88% $4,630
    CROSSCOUNTRY MORTGAGE, LLC 1 3.25% $4,217
    Loan Simple, Inc. 1 6.00% $11,145
    Mortgage Research Center, LLC 1 5.38% $7,929
    Actors Federal Credit Union 1 3.00% $7,043
    Nations Lending Corporation 1 6.50% $3,584
    CMG MORTGAGE, INC. 1 5.88% $10,779
    NBH Bank 1 5.50% $5,122
    Network Funding, L.P. 1 5.75% $9,380
    NEWREZ LLC 1 3.38% $3,417
    PNC Bank 1 3.75% $4,866
    Wells Fargo Bank 1 5.00% $6,442
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 4.38% $12,016
    ROYAL UNITED MORTGAGE LLC 1 6.75% $2,780
    ZILLOW HOME LOANS, LLC 1 3.75% $5,624
    CALIBER HOME LOANS, INC. 1 3.38% $3,941
    The Central Trust Bank 1 4.50% $3,693
    UNION HOME MORTGAGE CORP. 1 4.75% $5,517
    BROKER SOLUTIONS, INC. 1 3.13% $7,023
    AMERICAN FINANCING CORPORATION 1 3.00% $3,538
    Flagstar Bank, FSB 1 6.50% $8,675
    FREEDOM MORTGAGE CORPORATION 1 3.75% $9,675
    First Financial Credit Union 1 4.13% $6,025
    Farm Credit Mid-America, ACA 1 3.85% $4,889

    Española Average Closing Costs & Other Stats

    Española, NM's 52 lenders originated 434 loans during 2022. The total origination value was $93,270,000, with an average loan value of $214,908.

    Española's average closing costs are $6,019.

    The top Española lender as defined by loan originations is QUICKEN LOANS, LLC, with 17 loans originated. Their average total fees are $7,073, which is $683 higher than the next largest lender, 21ST MORTGAGE CORPORATION.

    The lowest fee Española lenders (with over 10 loans originated) are Del Norte Credit Union ($3,462), 21ST MORTGAGE CORPORATION ($6,390), QUICKEN LOANS, LLC ($7,073), .

    The lowest rate Española lenders (with over 10 loans originated) are Del Norte Credit Union (4.49%), QUICKEN LOANS, LLC (4.84%), 21ST MORTGAGE CORPORATION (6.73%), .

    Española, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    21ST MORTGAGE CORPORATION $7,680,000 $10,665,000 38.9% 11.4%
    QUICKEN LOANS, LLC $16,605,000 $8,520,000 -48.7% 9.1%
    Del Norte Credit Union $6,395,000 $4,925,000 -23.0% 5.3%
    LOANDEPOT.COM, LLC $4,505,000 $4,020,000 -10.8% 4.3%
    Waterstone Mortgage Corporation $6,165,000 $3,550,000 -42.4% 3.8%
    UNITED WHOLESALE MORTGAGE, LLC $3,120,000 $3,165,000 1.4% 3.4%
    BOKF $1,600,000 $3,010,000 88.1% 3.2%
    Gateway First Bank $7,725,000 $2,910,000 -62.3% 3.1%
    Enterprise Bank & Trust $2,365,000 $2,335,000 -1.3% 2.5%
    FREEDOM MORTGAGE CORPORATION $3,965,000 $2,330,000 -41.2% 2.5%
    LEGACY MORTGAGE LLC $2,440,000 $2,320,000 -4.9% 2.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,610,000 $2,050,000 27.3% 2.2%
    GUADALUPE CREDIT UNION $2,300,000 $1,960,000 -14.8% 2.1%
    Mortgage Research Center, LLC $1,185,000 $1,875,000 58.2% 2.0%
    Commerce Home Mortgage, Inc. $880,000 $1,705,000 93.8% 1.8%
    Bank of America $705,000 $1,590,000 125.5% 1.7%
    U.S. Bank $2,070,000 $1,575,000 -23.9% 1.7%
    Sunflower Bank $2,235,000 $1,565,000 -30.0% 1.7%
    NAVY FEDERAL CREDIT UNION $1,435,000 $1,390,000 -3.1% 1.5%
    Mr. Cooper ( Nationstar Mortgage ) $2,635,000 $1,080,000 -59.0% 1.2%
    Nations Lending Corporation $945,000 $1,080,000 14.3% 1.2%
    Loan Simple, Inc. $285,000 $1,020,000 257.9% 1.1%
    AMERICAN FINANCIAL RESOURCES, INC. $350,000 $980,000 180.0% 1.1%
    Washington Federal Bank $470,000 $925,000 96.8% 1.0%
    GENEVA FINANCIAL, LLC $895,000 n/a 1.0%
    STATE EMPLOYEES $1,745,000 $870,000 -50.1% 0.9%
    SECURITYNATIONAL MORTGAGE COMPANY $845,000 n/a 0.9%
    Bell Bank $2,655,000 $815,000 -69.3% 0.9%
    GUILD MORTGAGE COMPANY $545,000 $785,000 44.0% 0.8%
    CMG MORTGAGE, INC. $225,000 $770,000 242.2% 0.8%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,985,000 $770,000 -61.2% 0.8%
    NUSENDA $1,475,000 $760,000 -48.5% 0.8%
    USAA Federal Savings Bank $215,000 $690,000 220.9% 0.7%
    Wells Fargo Bank $3,560,000 $690,000 -80.6% 0.7%
    Flagstar Bank, FSB $820,000 $685,000 -16.5% 0.7%
    UNION HOME MORTGAGE CORP. $980,000 $685,000 -30.1% 0.7%
    The Central Trust Bank $655,000 n/a 0.7%
    VANDERBILT MORTGAGE AND FINANCE, INC. $765,000 $615,000 -19.6% 0.7%
    GUARANTEED RATE, INC. $1,025,000 $595,000 -42.0% 0.6%
    BROKER SOLUTIONS, INC. $1,355,000 $590,000 -56.5% 0.6%
    PENNYMAC LOAN SERVICES, LLC $1,300,000 $590,000 -54.6% 0.6%
    PLAZA HOME MORTGAGE, INC. $610,000 $550,000 -9.8% 0.6%
    NEWREZ LLC $335,000 $520,000 55.2% 0.6%
    PNC Bank $570,000 $520,000 -8.8% 0.6%
    Actors Federal Credit Union $485,000 n/a 0.5%
    FINANCE OF AMERICA MORTGAGE LLC $525,000 $480,000 -8.6% 0.5%
    Truist $470,000 n/a 0.5%
    LAKEVIEW LOAN SERVICING, LLC $590,000 $465,000 -21.2% 0.5%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $405,000 n/a 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $400,000 n/a 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $195,000 $400,000 105.1% 0.4%
    New Mexico Bank & Trust $400,000 n/a 0.4%
    The Federal Savings Bank $1,390,000 $395,000 -71.6% 0.4%
    COUNTRYPLACE MORTGAGE, LTD. $335,000 $390,000 16.4% 0.4%
    AMERICAN FINANCING CORPORATION $380,000 n/a 0.4%
    Chicago Mortgage Solutions LLC $365,000 n/a 0.4%
    DELMAR FINANCIAL COMPANY $365,000 n/a 0.4%
    SOVEREIGN LENDING GROUP INCORPORATED $225,000 $365,000 62.2% 0.4%
    SOUTHWEST FUNDING, LP $355,000 n/a 0.4%
    AMERISAVE MORTGAGE CORPORATION $935,000 $350,000 -62.6% 0.4%
    First Financial Credit Union $345,000 n/a 0.4%
    Herring Bank $345,000 n/a 0.4%
    VILLAGE CAPITAL MORTGAGE $1,050,000 $345,000 -67.1% 0.4%
    TOP FLITE FINANCIAL, INC. $1,030,000 $325,000 -68.4% 0.3%
    SUN WEST MORTGAGE COMPANY, INC. $360,000 $305,000 -15.3% 0.3%
    AMERICAN ADVISORS GROUP $410,000 $300,000 -26.8% 0.3%
    Barrington Bank & Trust Company, N.A. $325,000 $300,000 -7.7% 0.3%
    NEW DAY FINANCIAL, LLC $360,000 $265,000 -26.4% 0.3%
    CALIBER HOME LOANS, INC. $405,000 $255,000 -37.0% 0.3%
    MID AMERICA MORTGAGE, INC. $970,000 $255,000 -73.7% 0.3%
    Mutual Federal Bank $235,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $235,000 n/a 0.3%
    Colonial Savings, F.A. $195,000 $225,000 15.4% 0.2%
    JPMorgan Chase Bank $210,000 $225,000 7.1% 0.2%
    SOUTHWEST STAGE FUNDING, LLC $835,000 $205,000 -75.4% 0.2%
    NBH Bank $200,000 n/a 0.2%
    CALCON MUTUAL MORTGAGE LLC $390,000 $185,000 -52.6% 0.2%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $325,000 $185,000 -43.1% 0.2%
    Network Funding, L.P. $175,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $465,000 $175,000 -62.4% 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $425,000 $165,000 -61.2% 0.2%
    Plains Commerce Bank $575,000 $165,000 -71.3% 0.2%
    Carrington Mortgage Services, LLC $525,000 $155,000 -70.5% 0.2%
    LOANPAL, LLC $145,000 n/a 0.2%
    Farm Credit Mid-America, ACA $135,000 n/a 0.1%
    HOMESPIRE MORTGAGE CORPORATION $175,000 $135,000 -22.9% 0.1%
    VAN DYK MORTGAGE CORPORATION $470,000 $105,000 -77.7% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $95,000 n/a 0.1%
    PHH Mortgage Corporation $125,000 $75,000 -40.0% 0.1%
    HONDA Federal Credit Union $65,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $35,000 n/a 0.0%

    Española's top lender by overall market share is 21ST MORTGAGE CORPORATION, with 11.4% market share. In second place, with 9.1%, is QUICKEN LOANS, LLC, having originated $8,520,000 in loans. In third place, with 5.3%, is Del Norte Credit Union, having originated $4,925,000 in loans. In fourth place, with 4.3%, is LOANDEPOT.COM, LLC, having originated $4,020,000 in loans. In fifth place, with 3.8%, is Waterstone Mortgage Corporation, having originated $3,550,000 in loans.

    Española Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Española (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 $286,000 (14.9%) $385,699 (-10.4%) 0.00 162
    2018-02-01 $273,000 (19.0%) $392,750 (-4.7%) 0.00 153
    2018-03-01 $274,500 (20.3%) $392,161 (-3.6%) 0.00 151
    2018-04-01 $285,500 (18.7%) $446,530 (8.4%) 0.00 147
    2018-05-01 $279,450 (12.0%) $471,911 (11.7%) 0.00 165
    2018-06-01 $287,000 (14.9%) $494,598 (21.7%) 0.00 174
    2018-07-01 $299,000 (15.7%) $512,208 (28.6%) 0.00 172
    2018-08-01 $299,000 (22.0%) $498,227 (32.5%) 0.00 179
    2018-09-01 $299,000 (19.6%) $488,628 (34.8%) 0.00 193
    2018-10-01 $287,450 (9.7%) $479,733 (28.3%) 0.00 188
    2018-11-01 $287,500 (5.2%) $478,679 (31.0%) 0.00 182
    2018-12-01 $280,000 (-1.8%) $480,988 (27.8%) 0.00 181
    2019-01-01 $279,975 (-2.1%) $495,286 (28.4%) 0.00 169
    2019-02-01 $279,975 (2.6%) $529,396 (34.8%) 0.00 170
    2019-03-01 $277,157 (1.0%) $538,342 (37.3%) 0.00 166
    2019-04-01 $272,250 (-4.6%) $550,908 (23.4%) 0.00 164
    2019-05-01 $278,675 (-0.3%) $551,905 (17.0%) 0.00 169
    2019-06-01 $295,000 (2.8%) $562,373 (13.7%) 0.00 180
    2019-07-01 $299,000 (0.0%) $573,393 (12.0%) 0.00 180
    2019-08-01 $299,245 (0.1%) $600,276 (20.5%) 0.00 181
    2019-09-01 $299,614 (0.2%) $632,641 (29.5%) 0.00 180
    2019-10-01 $301,175 (4.8%) $661,036 (37.8%) 0.00 176
    2019-11-01 $299,450 (4.2%) $667,765 (39.5%) 0.00 157
    2019-12-01 $286,250 (2.2%) $636,961 (32.4%) 0.00 147
    2020-01-01 $279,750 (-0.1%) $592,534 (19.6%) 0.00 134
    2020-02-01 $279,000 (-0.4%) $520,004 (-1.8%) 0.00 130
    2020-03-01 $278,000 (0.3%) $525,111 (-2.5%) 0.00 136
    2020-04-01 $275,000 (1.0%) $514,768 (-6.6%) 0.00 134
    2020-05-01 $277,000 (-0.6%) $533,809 (-3.3%) 0.00 138
    2020-06-01 $299,450 (1.5%) $573,226 (1.9%) 0.00 123
    2020-07-01 $295,750 (-1.1%) $569,193 (-0.7%) 0.00 123
    2020-08-01 $338,000 (13.0%) $642,451 (7.0%) 0.00 122
    2020-09-01 $326,750 (9.1%) $647,845 (2.4%) 0.00 117
    2020-10-01 $325,000 (7.9%) $683,474 (3.4%) 0.00 105
    2020-11-01 $302,175 (0.9%) $711,351 (6.5%) 0.00 100
    2020-12-01 $325,000 (13.5%) $739,559 (16.1%) 0.00 94
    2021-01-01 $325,500 (16.4%) $713,743 (20.5%) 0.00 85
    2021-02-01 $327,500 (17.4%) $771,904 (48.4%) 0.00 75
    2021-03-01 $373,750 (34.4%) $821,598 (56.5%) 0.00 65
    2021-04-01 $354,750 (29.0%) $856,308 (66.4%) 0.00 63
    2021-05-01 $363,500 (31.2%) $857,417 (60.6%) 0.00 63
    2021-06-01 $390,250 (30.3%) $913,027 (59.3%) 0.00 61
    2021-07-01 $361,000 (22.1%) $895,708 (57.4%) 0.00 67
    2021-08-01 $414,250 (22.6%) $1,011,178 (57.4%) 0.00 68
    2021-09-01 $468,500 (43.4%) $926,965 (43.1%) 0.00 73
    2021-10-01 $475,000 (46.2%) $1,194,603 (74.8%) 0.00 75
    2021-11-01 $556,175 (84.1%) $1,313,565 (84.7%) 0.00 64
    2021-12-01 $564,750 (73.8%) $1,333,077 (80.3%) 0.00 56
    2022-01-01 $544,500 (67.3%) $1,493,369 (109.2%) 0.00 47
    2022-02-01 $549,125 (67.7%) $1,434,775 (85.9%) 0.00 48
    2022-03-01 $537,500 (43.8%) $1,444,734 (75.8%) 0.00 48
    2022-04-01 $572,000 (61.2%) $1,850,100 (116.1%) 0.00 45
    2022-05-01 $601,000 (65.3%) $1,555,028 (81.4%) 0.00 56
    2022-06-01 $549,975 (40.9%) $1,302,733 (42.7%) 0.00 64
    2022-07-01 $590,000 (63.4%) $1,155,738 (29.0%) 0.00 67
    2022-08-01 $587,500 (41.8%) $1,122,286 (11.0%) 0.00 72
    2022-09-01 $499,500 (6.6%) $1,063,080 (14.7%) 0.00 71
    2022-10-01 $453,000 (-4.6%) $985,894 (-17.5%) 0.00 79
    2022-11-01 $432,000 (-22.3%) $996,642 (-24.1%) 0.00 78
    2022-12-01 $445,000 (-21.2%) $940,162 (-29.5%) 0.00 81
    2023-01-01 $453,000 (-16.8%) $975,372 (-34.7%) 0.00 73
    2023-02-01 $449,750 (-18.1%) $801,317 (-44.2%) 0.00 66
    Española's median listing price for 2023-02-01 was $449,750, a difference of $-99,375 (-18.1%) versus the prior year and $-3,250 versus the prior month.

    Española's median listing price comes in at 0% of the national average.

    Española's average listing price for 2023-02-01 was $801,317, a difference of $-633,458 (-44.2%) versus the prior year and $-174,055 versus the prior month.

    For the 2023-02-01 period, Española had 66 MLS listings, a difference of -7 listings (-10%) versus the prior month and 18 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Española (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,277 sqft
    2018-02-01 0 days 2,277 sqft
    2018-03-01 0 days 2,229 sqft
    2018-04-01 0 days 2,327 sqft
    2018-05-01 0 days 2,374 sqft
    2018-06-01 0 days 2,400 sqft
    2018-07-01 0 days 2,637 sqft
    2018-08-01 0 days 2,428 sqft
    2018-09-01 0 days 2,286 sqft
    2018-10-01 0 days 2,281 sqft
    2018-11-01 0 days 2,337 sqft
    2018-12-01 0 days 2,270 sqft
    2019-01-01 0 days 2,275 sqft
    2019-02-01 0 days 2,293 sqft
    2019-03-01 0 days 2,281 sqft
    2019-04-01 0 days 2,263 sqft
    2019-05-01 0 days 2,278 sqft
    2019-06-01 0 days 2,286 sqft
    2019-07-01 0 days 2,328 sqft
    2019-08-01 0 days 2,343 sqft
    2019-09-01 0 days 2,330 sqft
    2019-10-01 0 days 2,312 sqft
    2019-11-01 0 days 2,280 sqft
    2019-12-01 0 days 2,249 sqft
    2020-01-01 0 days 2,250 sqft
    2020-02-01 0 days 2,250 sqft
    2020-03-01 0 days 2,265 sqft
    2020-04-01 0 days 2,245 sqft
    2020-05-01 0 days 2,225 sqft
    2020-06-01 0 days 2,243 sqft
    2020-07-01 0 days 2,197 sqft
    2020-08-01 0 days 2,328 sqft
    2020-09-01 0 days 2,386 sqft
    2020-10-01 0 days 2,600 sqft
    2020-11-01 0 days 2,502 sqft
    2020-12-01 0 days 2,495 sqft
    2021-01-01 0 days 2,457 sqft
    2021-02-01 0 days 2,532 sqft
    2021-03-01 0 days 2,539 sqft
    2021-04-01 0 days 2,549 sqft
    2021-05-01 0 days 2,235 sqft
    2021-06-01 0 days 2,564 sqft
    2021-07-01 0 days 2,671 sqft
    2021-08-01 0 days 2,711 sqft
    2021-09-01 0 days 2,750 sqft
    2021-10-01 0 days 2,868 sqft
    2021-11-01 0 days 2,896 sqft
    2021-12-01 0 days 3,240 sqft
    2022-01-01 0 days 2,580 sqft
    2022-02-01 0 days 2,629 sqft
    2022-03-01 0 days 2,398 sqft
    2022-04-01 0 days 2,813 sqft
    2022-05-01 0 days 2,728 sqft
    2022-06-01 0 days 2,486 sqft
    2022-07-01 0 days 2,289 sqft
    2022-08-01 0 days 2,286 sqft
    2022-09-01 0 days 2,224 sqft
    2022-10-01 0 days 2,128 sqft
    2022-11-01 0 days 2,000 sqft
    2022-12-01 0 days 2,007 sqft
    2023-01-01 0 days 2,056 sqft
    2023-02-01 0 days 1,980 sqft
    Española's median listing age (time on market) for 2023-02-01 was 0 days.

    Española's median square footage for active listings during the 2023-02-01 period was 1,980 sqft. One year prior, the average listing was 2,629 sqft.

    Española, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 237 $57,215,000 $241,414
    Cash Out Refi 96 $20,340,000 $211,875
    Refi 68 $12,860,000 $189,118
    Other 22 $1,970,000 $89,545
    Home Improvement 11 $885,000 $80,455

    Española's most frequently cited loan purpose was Home Purchase, with 237 originations. The 2nd most popular reason was Cash Out Refi, with 96 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 106 $24,250,000 $228,774
    4-5% 91 $20,475,000 $225,000
    3-4% 81 $16,425,000 $202,778
    6-7% 65 $13,565,000 $208,692
    2.5-3% 36 $9,540,000 $265,000
    7-8% 23 $3,695,000 $160,652
    Over 8% 20 $2,810,000 $140,500
    <2.5% 11 $2,165,000 $196,818

    During 2022, Española's most frequently originated rate bucket was 5-6%, with 106 originations.

    Loan Sizing (Española, NM MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 188 $51,480,000 $273,830
    $100k-200k 144 $22,090,000 $153,403
    $100,000 or less 72 $3,950,000 $54,861
    $400k-600k 25 $11,895,000 $475,800
    $600k-1000k 5 $3,855,000 $771,000

    Española's loan sizing saw the bucket of loans from $200k-400k with 188 originations, totaling $51,480,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 194 $50,100,000 $258,247
    60-80% 108 $26,110,000 $241,759
    40-60% 49 $8,385,000 $171,122
    20-40% 29 $3,795,000 $130,862
    Under 20% 27 $1,015,000 $37,593
    Over 100% 7 $2,215,000 $316,429

    Española's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 194 originations, totaling $50,100,000 in origination value.