Española Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Española averaged
7.45%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.6% and
one month ago for the week of 2023-10-19, the
average rate was 7.59%.
Española's average rate one year ago was 6.47%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.49%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Española 30 Year Fixed Rate | 2023-11-22 | 7.45% |
Española 30 Year Fixed Rate Refi | 2023-11-22 | 7.49% |
Española 15 Year Fixed Rate | 2023-11-22 | 6.57% |
Española 15 Year Fixed Rate Refi | 2023-11-22 | 6.57% |
Española 30 Year FHA | 2023-11-22 | 0.2% |
Española 30 Year FHA Refi | 2023-11-22 | -0.2% |
Española 30 Year USDA | 2023-11-22 | 0.1% |
Española 30 Year USDA Refi | 2023-11-22 | -0.1% |
Española 30 Year VA | 2023-11-22 | -0.1% |
Española 30 Year VA Refi | 2023-11-22 | -0.1% |
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.).
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. LouisDate | 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%) | $563,781 (14.0%) | 0.00 | 179 |
2019-07-01 | $299,125 (0.0%) | $574,101 (12.1%) | 0.00 | 179 |
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 (1.7%) | 0.00 | 123 |
2020-07-01 | $295,750 (-1.1%) | $569,193 (-0.9%) | 0.00 | 123 |
2020-08-01 | $338,000 (13.0%) | $642,451 (7.0%) | 0.00 | 122 |
2020-09-01 | $327,500 (9.3%) | $647,839 (2.4%) | 0.00 | 117 |
2020-10-01 | $325,000 (7.9%) | $683,175 (3.4%) | 0.00 | 106 |
2020-11-01 | $304,900 (1.8%) | $710,775 (6.4%) | 0.00 | 101 |
2020-12-01 | $325,000 (13.5%) | $738,676 (16.0%) | 0.00 | 95 |
2021-01-01 | $325,500 (16.4%) | $713,743 (20.5%) | 0.00 | 85 |
2021-02-01 | $333,500 (19.5%) | $771,159 (48.3%) | 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 (43.1%) | $926,965 (43.1%) | 0.00 | 73 |
2021-10-01 | $475,000 (46.2%) | $1,194,603 (74.9%) | 0.00 | 75 |
2021-11-01 | $556,175 (82.4%) | $1,313,565 (84.8%) | 0.00 | 64 |
2021-12-01 | $564,750 (73.8%) | $1,333,077 (80.5%) | 0.00 | 56 |
2022-01-01 | $544,500 (67.3%) | $1,493,369 (109.2%) | 0.00 | 47 |
2022-02-01 | $549,125 (64.7%) | $1,434,775 (86.1%) | 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 | $439,000 (-21.1%) | $993,743 (-24.4%) | 0.00 | 79 |
2022-12-01 | $445,000 (-21.2%) | $940,162 (-29.5%) | 0.00 | 81 |
2023-01-01 | $469,325 (-13.8%) | $964,050 (-35.4%) | 0.00 | 75 |
2023-02-01 | $449,000 (-18.2%) | $789,357 (-45.0%) | 0.00 | 68 |
2023-03-01 | $434,000 (-19.3%) | $781,035 (-45.9%) | 0.00 | 62 |
2023-04-01 | $397,500 (-30.5%) | $850,309 (-54.0%) | 0.00 | 52 |
2023-05-01 | $459,500 (-23.5%) | $920,410 (-40.8%) | 0.00 | 65 |
2023-06-01 | $472,000 (-14.2%) | $886,960 (-31.9%) | 0.00 | 73 |
2023-07-01 | $497,250 (-15.7%) | $873,043 (-24.5%) | 0.00 | 75 |
2023-08-01 | $546,000 (-7.1%) | $1,020,290 (-9.1%) | 0.00 | 75 |
2023-09-01 | $535,000 (7.1%) | $926,670 (-12.8%) | 0.00 | 74 |
2023-10-01 | $491,250 (8.4%) | $915,111 (-7.2%) | 0.00 | 68 |
Española's median listing price comes in at 0% of the national average.
Española's average listing price for 2023-10-01 was $915,111, a difference of $-70,783 (-7.2%) versus the prior year and $-11,559 versus the prior month.
For the 2023-10-01 period, Española had 68 MLS listings, a difference of -6 listings (-8%) versus the prior month and -11 listings (-14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Española (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,283 sqft |
2018-10-01 | 0 days | 2,277 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 | 2,283 sqft |
2019-04-01 | 0 days | 2,268 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 | 2,263 sqft |
2020-05-01 | 0 days | 2,190 sqft |
2020-06-01 | 0 days | 2,260 sqft |
2020-07-01 | 0 days | 2,218 sqft |
2020-08-01 | 0 days | 2,334 sqft |
2020-09-01 | 0 days | 2,348 sqft |
2020-10-01 | 0 days | 2,577 sqft |
2020-11-01 | 0 days | 2,384 sqft |
2020-12-01 | 0 days | 2,365 sqft |
2021-01-01 | 0 days | 2,457 sqft |
2021-02-01 | 0 days | 2,524 sqft |
2021-03-01 | 0 days | 2,544 sqft |
2021-04-01 | 0 days | 2,616 sqft |
2021-05-01 | 0 days | 2,235 sqft |
2021-06-01 | 0 days | 2,638 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 | 2,588 sqft |
2022-03-01 | 0 days | 2,398 sqft |
2022-04-01 | 0 days | 2,813 sqft |
2022-05-01 | 0 days | 2,675 sqft |
2022-06-01 | 0 days | 2,493 sqft |
2022-07-01 | 0 days | 2,283 sqft |
2022-08-01 | 0 days | 2,267 sqft |
2022-09-01 | 0 days | 2,198 sqft |
2022-10-01 | 0 days | 2,077 sqft |
2022-11-01 | 0 days | 2,000 sqft |
2022-12-01 | 0 days | 2,001 sqft |
2023-01-01 | 0 days | 2,004 sqft |
2023-02-01 | 0 days | 1,966 sqft |
2023-03-01 | 0 days | 1,920 sqft |
2023-04-01 | 0 days | 2,001 sqft |
2023-05-01 | 0 days | 2,084 sqft |
2023-06-01 | 0 days | 2,056 sqft |
2023-07-01 | 0 days | 2,000 sqft |
2023-08-01 | 0 days | 2,037 sqft |
2023-09-01 | 0 days | 2,054 sqft |
2023-10-01 | 0 days | 2,011 sqft |
Española's median square footage for active listings during the 2023-10-01 period was 2,011 sqft. One year prior, the average listing was 2,077 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.