Española Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Española averaged 6.77% 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 6.37% and one month ago for the week of 2024-09-05, the average rate was 6.7%.

Española's average rate one year ago was 7.74%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.72%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Española 30 Year Fixed Rate 2024-10-10 6.77%
Española 30 Year Fixed Rate Refi 2024-10-10 6.72%
Española 15 Year Fixed Rate 2024-10-10 5.51%
Española 15 Year Fixed Rate Refi 2024-10-10 5.41%
Española 30 Year FHA 2024-10-10 6.3%
Española 30 Year FHA Refi 2024-10-10 6.3%
Española 30 Year USDA 2024-10-10 6.08%
Española 30 Year USDA Refi 2024-10-10 6.28%
Española 30 Year VA 2024-10-10 5.75%
Española 30 Year VA Refi 2024-10-10 6.05%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
21ST MORTGAGE CORPORATION 13 8.02% $6,927
Del Norte Credit Union 10 6.25% $4,506
BOKF 4 6.66% $5,811
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 7.09% $8,819
Waterstone Mortgage Corporation 4 6.44% $11,978
GUARANTEED RATE, INC. 3 7.17% $5,883
GUILD MORTGAGE COMPANY 3 7.25% $7,927
QUICKEN LOANS, LLC 3 7.75% $6,074
Wells Fargo Bank 2 6.69% $8,494
GUADALUPE CREDIT UNION 2 8.15% $4,181
Sierra Pacific Mortgage Company, Inc. 2 6.75% $8,445
UNION HOME MORTGAGE CORP. 2 7.94% $11,603
UNITED WHOLESALE MORTGAGE, LLC 2 6.24% $8,577
Bell Bank 2 7.93% $5,125
PLAZA HOME MORTGAGE, INC. 2 6.44% $5,343
Gateway First Bank 1 7.38% $3,334
Kirtland Federal Credit Union 1 4.88% $3,527
LOANDEPOT.COM, LLC 1 4.99% $4,239
MICHIGAN MUTUAL, INC. 1 7.99% $7,183
Morgan Stanley Private Bank 1 6.15% $3,918
Mortgage Research Center, LLC 1 6.25% $6,586
MOUNTAIN AMERICA 1 6.38% $4,077
Nations Lending Corporation 1 7.25% $4,483
NAVY FEDERAL CREDIT UNION 1 7.13% $1,582
PENNYMAC LOAN SERVICES, LLC 1 6.50% $3,950
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $9,965
ROYAL UNITED MORTGAGE LLC 1 7.00% $3,261
RUOFF MORTGAGE COMPANY, INC. 1 7.25% $4,226
Sunflower Bank 1 6.99% $12,277
Truist 1 5.99% $3,408
U.S. Bank 1 6.38% $9,127
Wallick & Volk, Inc. 1 6.88% $12,856
Zions Bank 1 7.38% $4,334
ALLIANT CREDIT UNION 1 7.13% $4,478
Ally Bank 1 6.50% $1,176
AMCAP MORTGAGE, LTD. 1 7.13% $10,715
AmeriHome Mortgage Company, LLC 1 7.63% $4,372
BAY EQUITY LLC 1 7.38% $8,693
BMO Harris Bank 1 5.63% $2,972
BNC National Bank 1 6.50% $4,288
BROKER SOLUTIONS, INC. 1 6.99% $6,156
CALCON MUTUAL MORTGAGE LLC 1 7.25% $4,881
Century Mortgage Company DBA Century Lending Company 1 6.50% $3,798
Charles Schwab Bank, SSB 1 6.30% $3,243
Enterprise Bank & Trust 1 7.63% $4,970
Fidelity Bank 1 6.25% $3,885
First Financial Credit Union 1 6.75% $4,334

Española Average Closing Costs & Other Stats

Española, NM's 47 lenders originated 286 loans during 2023. The total origination value was $61,560,000, with an average loan value of $215,245.

Española's average closing costs are $6,324.

The top Española lender as defined by loan originations is 21ST MORTGAGE CORPORATION, with 13 loans originated. Their average total fees are $6,927, which is $2,421 higher than the next largest lender, Del Norte Credit Union.

The lowest fee Española lenders (with over 10 loans originated) are Del Norte Credit Union ($4,506), 21ST MORTGAGE CORPORATION ($6,927), .

The lowest rate Española lenders (with over 10 loans originated) are Del Norte Credit Union (6.25%), 21ST MORTGAGE CORPORATION (8.02%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
21ST MORTGAGE CORPORATION $10,665,000 $9,080,000 -14.9% 14.7%
Waterstone Mortgage Corporation $3,550,000 $3,985,000 12.3% 6.5%
Del Norte Credit Union $4,925,000 $3,900,000 -20.8% 6.3%
BOKF $3,010,000 $3,795,000 26.1% 6.2%
QUICKEN LOANS, LLC $8,520,000 $3,640,000 -57.3% 5.9%
UNITED WHOLESALE MORTGAGE, LLC $3,165,000 $3,220,000 1.7% 5.2%
UNION HOME MORTGAGE CORP. $685,000 $2,160,000 215.3% 3.5%
PRIMARY RESIDENTIAL MORTGAGE, INC. $770,000 $1,600,000 107.8% 2.6%
GUADALUPE CREDIT UNION $1,960,000 $1,500,000 -23.5% 2.4%
Mortgage Research Center, LLC $1,875,000 $1,220,000 -34.9% 2.0%
BMO Harris Bank $1,185,000 n/a 1.9%
MOUNTAIN AMERICA $1,010,000 n/a 1.6%
GUARANTEED RATE, INC. $595,000 $1,005,000 68.9% 1.6%
NAVY FEDERAL CREDIT UNION $1,390,000 $1,000,000 -28.1% 1.6%
NEW DAY FINANCIAL, LLC $265,000 $1,000,000 277.4% 1.6%
LOANDEPOT.COM, LLC $4,020,000 $965,000 -76.0% 1.6%
Wells Fargo Bank $690,000 $865,000 25.4% 1.4%
GUILD MORTGAGE COMPANY $785,000 $845,000 7.6% 1.4%
Mr. Cooper ( Nationstar Mortgage ) $1,080,000 $770,000 -28.7% 1.3%
MID AMERICA MORTGAGE, INC. $255,000 $755,000 196.1% 1.2%
Commerce Home Mortgage, Inc. $1,705,000 $745,000 -56.3% 1.2%
PLAZA HOME MORTGAGE, INC. $550,000 $735,000 33.6% 1.2%
Enterprise Bank & Trust $2,335,000 $720,000 -69.2% 1.2%
Bell Bank $815,000 $680,000 -16.6% 1.1%
Gateway First Bank $2,910,000 $665,000 -77.1% 1.1%
USAA Federal Savings Bank $690,000 $615,000 -10.9% 1.0%
Sunflower Bank $1,565,000 $610,000 -61.0% 1.0%
CARDINAL FINANCIAL $2,050,000 $580,000 -71.7% 0.9%
CROSSCOUNTRY MORTGAGE, LLC $400,000 $530,000 32.5% 0.9%
Morgan Stanley Private Bank $515,000 n/a 0.8%
Truist $470,000 $515,000 9.6% 0.8%
Sierra Pacific Mortgage Company, Inc. $470,000 n/a 0.8%
Washington Federal Bank $925,000 $460,000 -50.3% 0.7%
Zions Bank $460,000 n/a 0.7%
STATE EMPLOYEES $870,000 $455,000 -47.7% 0.7%
Nations Lending Corporation $1,080,000 $420,000 -61.1% 0.7%
PENTAGON FEDERAL CREDIT UNION $420,000 n/a 0.7%
Wallick & Volk, Inc. $395,000 n/a 0.6%
Ally Bank $375,000 n/a 0.6%
U.S. Bank $1,575,000 $355,000 -77.5% 0.6%
PRIMELENDING, A PLAINSCAPITAL COMPANY $175,000 $350,000 100.0% 0.6%
RUOFF MORTGAGE COMPANY, INC. $345,000 n/a 0.6%
AMCAP MORTGAGE, LTD. $325,000 n/a 0.5%
BNC National Bank $315,000 n/a 0.5%
FREEDOM MORTGAGE CORPORATION $2,330,000 $315,000 -86.5% 0.5%
CALCON MUTUAL MORTGAGE LLC $185,000 $295,000 59.5% 0.5%
Loan Simple, Inc. $1,020,000 $275,000 -73.0% 0.4%
Carrington Mortgage Services, LLC $155,000 $265,000 71.0% 0.4%
AMERISAVE MORTGAGE CORPORATION $350,000 $255,000 -27.1% 0.4%
ALLIANT CREDIT UNION $245,000 n/a 0.4%
BAY EQUITY LLC $245,000 n/a 0.4%
BROKER SOLUTIONS, INC. $590,000 $235,000 -60.2% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $615,000 $230,000 -62.6% 0.4%
Quontic Bank $225,000 n/a 0.4%
First Financial Credit Union $345,000 $215,000 -37.7% 0.3%
Charles Schwab Bank, SSB $205,000 n/a 0.3%
GENEVA FINANCIAL, LLC $895,000 $205,000 -77.1% 0.3%
NEWREZ LLC $520,000 $205,000 -60.6% 0.3%
PENNYMAC LOAN SERVICES, LLC $590,000 $205,000 -65.3% 0.3%
RELIANCE FIRST CAPITAL, LLC $205,000 n/a 0.3%
HOMESIDE FINANCIAL, LLC $175,000 n/a 0.3%
The Central Trust Bank $655,000 $175,000 -73.3% 0.3%
CREDIT HUMAN FEDERAL CREDIT UNION $95,000 $165,000 73.7% 0.3%
Fidelity Bank $155,000 n/a 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $155,000 n/a 0.3%
JPMorgan Chase Bank $225,000 $155,000 -31.1% 0.3%
FINANCE OF AMERICA REVERSE LLC $145,000 n/a 0.2%
Bethpage Federal Credit Union $125,000 n/a 0.2%
Bank of America $1,590,000 $120,000 -92.5% 0.2%
MICHIGAN MUTUAL, INC. $115,000 n/a 0.2%
NBH Bank $200,000 $115,000 -42.5% 0.2%
Century Mortgage Company DBA Century Lending Company $95,000 n/a 0.2%
AmeriHome Mortgage Company, LLC $85,000 n/a 0.1%
Kirtland Federal Credit Union $85,000 n/a 0.1%
Peoples Bank $85,000 n/a 0.1%
NUSENDA $760,000 $75,000 -90.1% 0.1%
PNC Bank $520,000 $75,000 -85.6% 0.1%
Coastal Community Bank $45,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $35,000 $35,000 0.0% 0.1%

Española's top lender by overall market share is 21ST MORTGAGE CORPORATION, with 14.7% market share. In second place, with 6.5%, is Waterstone Mortgage Corporation, having originated $3,985,000 in loans. In third place, with 6.3%, is Del Norte Credit Union, having originated $3,900,000 in loans. In fourth place, with 6.2%, is BOKF, having originated $3,795,000 in loans. In fifth place, with 5.9%, is QUICKEN LOANS, LLC, having originated $3,640,000 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 $289,000 (17.2%) $389,279 (-8.7%) 0.00 158
2018-02-01 $274,500 (20.4%) $396,636 (-2.8%) 0.00 150
2018-03-01 $274,500 (21.2%) $398,105 (-1.4%) 0.00 146
2018-04-01 $288,250 (19.9%) $453,758 (10.8%) 0.00 143
2018-05-01 $289,000 (15.8%) $481,914 (14.5%) 0.00 160
2018-06-01 $299,000 (19.8%) $502,979 (24.0%) 0.00 171
2018-07-01 $299,925 (16.7%) $519,923 (31.9%) 0.00 169
2018-08-01 $299,925 (22.4%) $505,172 (34.4%) 0.00 178
2018-09-01 $299,900 (21.2%) $495,483 (35.1%) 0.00 191
2018-10-01 $299,475 (13.2%) $486,532 (28.6%) 0.00 186
2018-11-01 $299,225 (9.1%) $486,370 (31.3%) 0.00 181
2018-12-01 $299,450 (3.6%) $489,538 (28.2%) 0.00 178
2019-01-01 $298,000 (3.1%) $506,100 (30.0%) 0.00 165
2019-02-01 $292,500 (6.6%) $539,945 (36.1%) 0.00 165
2019-03-01 $279,979 (2.0%) $549,382 (38.0%) 0.00 161
2019-04-01 $279,925 (-2.9%) $562,378 (23.9%) 0.00 160
2019-05-01 $289,000 (0.0%) $560,482 (16.3%) 0.00 165
2019-06-01 $297,000 (-0.7%) $570,113 (13.4%) 0.00 174
2019-07-01 $299,950 (0.0%) $583,744 (12.3%) 0.00 174
2019-08-01 $299,691 (-0.1%) $609,108 (20.6%) 0.00 176
2019-09-01 $299,302 (-0.2%) $638,089 (28.8%) 0.00 177
2019-10-01 $302,043 (0.9%) $664,569 (36.6%) 0.00 174
2019-11-01 $299,900 (0.2%) $679,437 (39.7%) 0.00 155
2019-12-01 $291,250 (-2.7%) $666,842 (36.2%) 0.00 146
2020-01-01 $285,000 (-4.4%) $622,565 (23.0%) 0.00 134
2020-02-01 $280,000 (-4.3%) $548,375 (1.6%) 0.00 130
2020-03-01 $279,000 (-0.4%) $551,523 (0.4%) 0.00 137
2020-04-01 $275,000 (-1.8%) $522,708 (-7.1%) 0.00 134
2020-05-01 $277,000 (-4.2%) $541,302 (-3.4%) 0.00 138
2020-06-01 $299,450 (0.8%) $581,561 (2.0%) 0.00 123
2020-07-01 $297,225 (-0.9%) $577,037 (-1.2%) 0.00 123
2020-08-01 $350,000 (16.8%) $648,539 (6.5%) 0.00 119
2020-09-01 $326,750 (9.2%) $653,932 (2.5%) 0.00 115
2020-10-01 $325,000 (7.6%) $678,970 (2.2%) 0.00 105
2020-11-01 $307,400 (2.5%) $717,370 (5.6%) 0.00 98
2020-12-01 $325,000 (11.6%) $742,806 (11.4%) 0.00 94
2021-01-01 $329,900 (15.8%) $729,576 (17.2%) 0.00 82
2021-02-01 $350,000 (25.0%) $797,403 (45.4%) 0.00 72
2021-03-01 $378,250 (35.6%) $851,160 (54.3%) 0.00 61
2021-04-01 $366,250 (33.2%) $898,247 (71.8%) 0.00 59
2021-05-01 $365,000 (31.8%) $888,338 (64.1%) 0.00 59
2021-06-01 $396,250 (32.3%) $936,529 (61.0%) 0.00 60
2021-07-01 $371,500 (25.0%) $927,181 (60.7%) 0.00 64
2021-08-01 $463,750 (32.5%) $1,037,846 (60.0%) 0.00 66
2021-09-01 $482,500 (47.7%) $947,938 (45.0%) 0.00 71
2021-10-01 $485,000 (49.2%) $1,232,782 (81.6%) 0.00 73
2021-11-01 $564,999 (83.8%) $1,368,502 (90.8%) 0.00 61
2021-12-01 $564,750 (73.8%) $1,338,325 (80.2%) 0.00 56
2022-01-01 $524,500 (59.0%) $1,468,371 (101.3%) 0.00 49
2022-02-01 $549,000 (56.9%) $1,416,978 (77.7%) 0.00 49
2022-03-01 $543,500 (43.7%) $1,456,643 (71.1%) 0.00 48
2022-04-01 $572,000 (56.2%) $1,850,100 (106.0%) 0.00 45
2022-05-01 $601,000 (64.7%) $1,555,028 (75.1%) 0.00 56
2022-06-01 $547,450 (38.2%) $1,298,480 (38.7%) 0.00 65
2022-07-01 $590,000 (58.8%) $1,159,710 (25.1%) 0.00 67
2022-08-01 $587,500 (26.7%) $1,123,202 (8.2%) 0.00 72
2022-09-01 $499,500 (3.5%) $1,064,697 (12.3%) 0.00 71
2022-10-01 $475,000 (-2.1%) $982,276 (-20.3%) 0.00 80
2022-11-01 $446,000 (-21.1%) $990,491 (-27.6%) 0.00 79
2022-12-01 $445,000 (-21.2%) $950,460 (-29.0%) 0.00 79
2023-01-01 $461,163 (-12.1%) $984,691 (-32.9%) 0.00 72
2023-02-01 $452,000 (-17.7%) $801,795 (-43.4%) 0.00 65
2023-03-01 $432,750 (-20.4%) $784,051 (-46.2%) 0.00 62
2023-04-01 $360,000 (-37.1%) $841,413 (-54.5%) 0.00 51
2023-05-01 $430,000 (-28.5%) $948,870 (-39.0%) 0.00 61
2023-06-01 $456,500 (-16.6%) $919,897 (-29.2%) 0.00 69
2023-07-01 $499,500 (-15.3%) $911,533 (-21.4%) 0.00 69
2023-08-01 $546,000 (-7.1%) $1,020,290 (-9.2%) 0.00 75
2023-09-01 $535,000 (7.1%) $926,670 (-13.0%) 0.00 74
2023-10-01 $491,250 (3.4%) $915,111 (-6.8%) 0.00 68
2023-11-01 $498,000 (11.7%) $929,883 (-6.1%) 0.00 68
2023-12-01 $499,000 (12.1%) $875,108 (-7.9%) 0.00 67
2024-01-01 $499,000 (8.2%) $928,709 (-5.7%) 0.00 56
2024-02-01 $499,900 (10.6%) $925,755 (15.5%) 0.00 58
2024-03-01 $530,000 (22.5%) $904,805 (15.4%) 0.00 58
2024-04-01 $517,225 (43.7%) $926,017 (10.1%) 0.00 58
2024-05-01 $461,975 (7.4%) $715,578 (-24.6%) 0.00 62
2024-06-01 $445,000 (-2.5%) $731,423 (-20.5%) 0.00 78
2024-07-01 $477,500 (-4.4%) $760,160 (-16.6%) 0.00 91
2024-08-01 $492,000 (-9.9%) $882,292 (-13.5%) 0.00 98
2024-09-01 $499,000 (-6.7%) $888,328 (-4.1%) 0.00 100
Española's median listing price for 2024-09-01 was $499,000, a difference of $-36,000 (-6.7%) versus the prior year and $7,000 versus the prior month.

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

Española's average listing price for 2024-09-01 was $888,328, a difference of $-38,342 (-4.1%) versus the prior year and $6,036 versus the prior month.

For the 2024-09-01 period, Española had 100 MLS listings, a difference of 2 listings (2%) versus the prior month and 26 listings (35%) 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 2,328 sqft
2018-02-01 0 days 2,323 sqft
2018-03-01 0 days 2,323 sqft
2018-04-01 0 days 2,373 sqft
2018-05-01 0 days 2,400 sqft
2018-06-01 0 days 2,406 sqft
2018-07-01 0 days 2,667 sqft
2018-08-01 0 days 2,454 sqft
2018-09-01 0 days 2,400 sqft
2018-10-01 0 days 2,400 sqft
2018-11-01 0 days 2,400 sqft
2018-12-01 0 days 2,300 sqft
2019-01-01 0 days 2,313 sqft
2019-02-01 0 days 2,371 sqft
2019-03-01 0 days 2,332 sqft
2019-04-01 0 days 2,282 sqft
2019-05-01 0 days 2,350 sqft
2019-06-01 0 days 2,400 sqft
2019-07-01 0 days 2,417 sqft
2019-08-01 0 days 2,421 sqft
2019-09-01 0 days 2,411 sqft
2019-10-01 0 days 2,403 sqft
2019-11-01 0 days 2,320 sqft
2019-12-01 0 days 2,275 sqft
2020-01-01 0 days 2,274 sqft
2020-02-01 0 days 2,270 sqft
2020-03-01 0 days 2,286 sqft
2020-04-01 0 days 2,295 sqft
2020-05-01 0 days 2,278 sqft
2020-06-01 0 days 2,278 sqft
2020-07-01 0 days 2,268 sqft
2020-08-01 0 days 2,350 sqft
2020-09-01 0 days 2,434 sqft
2020-10-01 0 days 2,554 sqft
2020-11-01 0 days 2,502 sqft
2020-12-01 0 days 2,495 sqft
2021-01-01 0 days 2,544 sqft
2021-02-01 0 days 2,754 sqft
2021-03-01 0 days 2,554 sqft
2021-04-01 0 days 2,739 sqft
2021-05-01 0 days 2,295 sqft
2021-06-01 0 days 2,597 sqft
2021-07-01 0 days 2,671 sqft
2021-08-01 0 days 2,750 sqft
2021-09-01 0 days 2,835 sqft
2021-10-01 0 days 2,914 sqft
2021-11-01 0 days 2,968 sqft
2021-12-01 0 days 3,240 sqft
2022-01-01 0 days 2,810 sqft
2022-02-01 0 days 2,588 sqft
2022-03-01 0 days 2,395 sqft
2022-04-01 0 days 2,682 sqft
2022-05-01 0 days 2,675 sqft
2022-06-01 0 days 2,486 sqft
2022-07-01 0 days 2,283 sqft
2022-08-01 0 days 2,225 sqft
2022-09-01 0 days 2,163 sqft
2022-10-01 0 days 2,062 sqft
2022-11-01 0 days 2,000 sqft
2022-12-01 0 days 2,000 sqft
2023-01-01 0 days 2,008 sqft
2023-02-01 0 days 1,960 sqft
2023-03-01 0 days 1,980 sqft
2023-04-01 0 days 2,008 sqft
2023-05-01 0 days 2,140 sqft
2023-06-01 0 days 2,072 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
2023-11-01 0 days 2,007 sqft
2023-12-01 0 days 2,114 sqft
2024-01-01 0 days 2,200 sqft
2024-02-01 0 days 2,519 sqft
2024-03-01 0 days 2,300 sqft
2024-04-01 0 days 2,287 sqft
2024-05-01 0 days 1,987 sqft
2024-06-01 0 days 1,974 sqft
2024-07-01 0 days 2,100 sqft
2024-08-01 0 days 2,100 sqft
2024-09-01 0 days 2,104 sqft
Española's median listing age (time on market) for 2024-09-01 was 0 days.

Española's median square footage for active listings during the 2024-09-01 period was 2,104 sqft. One year prior, the average listing was 2,054 sqft.

Española, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 165 $44,365,000 $268,879
Cash Out Refi 55 $9,145,000 $166,273
Refi 31 $5,125,000 $165,323
Home Improvement 19 $1,795,000 $94,474
Other 16 $1,130,000 $70,625

Española's most frequently cited loan purpose was Home Purchase, with 165 originations. The 2nd most popular reason was Cash Out Refi, with 55 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 92 $21,310,000 $231,630
Over 8% 75 $11,655,000 $155,400
7-8% 67 $15,505,000 $231,418
5-6% 41 $11,475,000 $279,878
4-5% 9 $1,435,000 $159,444
3-4% 1 $95,000 $95,000

During 2023, Española's most frequently originated rate bucket was 6-7%, with 92 originations.

Loan Sizing (Española, NM MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 109 $30,985,000 $284,266
$100k-200k 79 $11,695,000 $148,038
$100,000 or less 72 $4,290,000 $59,583
$400k-600k 21 $10,535,000 $501,667
$600k-1000k 4 $2,870,000 $717,500
$Over $1MM 1 $1,185,000 $1,185,000

Española's loan sizing saw the bucket of loans from $200k-400k with 109 originations, totaling $30,985,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 134 $37,000,000 $276,119
60-80% 43 $11,625,000 $270,349
20-40% 42 $3,790,000 $90,238
40-60% 25 $4,425,000 $177,000
Under 20% 25 $1,315,000 $52,600
Over 100% 8 $2,870,000 $358,750

Española's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 134 originations, totaling $37,000,000 in origination value.