Española Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Española averaged
7.2%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.03% and
one month ago for the week of 2025-05-15, the
average rate was 7%.
Española's average rate one year ago was 7.34%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Española 30 Year Fixed Rate | 2025-06-18 | 7.2% |
| Española 30 Year Fixed Rate Refi | 2025-06-18 | 7.41% |
| Española 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Española 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
| Española 30 Year FHA | 2025-06-18 | 0.2% |
| Española 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Española 30 Year USDA | 2025-06-18 | -0.1% |
| Española 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Española 30 Year VA | 2025-06-18 | -0.1% |
| Española 30 Year VA Refi | 2025-06-18 | 0% |
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 35 lenders originated 331
loans during 2024. The total origination value was $82,585,000, with an average loan value of
$249,502.
Española's average closing costs are $6,653.
The top Española lender as defined by loan originations is Del Norte Credit Union, with
20 loans originated. Their average total fees are
$5,779, which is $4,025
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Española lenders (with over 10 loans originated) are
Del Norte Credit Union ($5,779), QUICKEN LOANS, LLC ($9,804), .
The lowest rate Española lenders (with over 10 loans originated) are
Del Norte Credit Union (6.23%), QUICKEN LOANS, LLC (6.88%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Del Norte Credit Union | $3,900,000 | $8,825,000 | 126.3% | 10.7% |
| QUICKEN LOANS, LLC | $3,640,000 | $7,975,000 | 119.1% | 9.7% |
| 21ST MORTGAGE CORPORATION | $9,080,000 | $6,425,000 | -29.2% | 7.8% |
| Waterstone Mortgage Corporation | $3,985,000 | $4,155,000 | 4.3% | 5.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,600,000 | $3,575,000 | 123.4% | 4.3% |
| JPMorgan Chase Bank | $155,000 | $3,260,000 | 2,003.2% | 3.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,220,000 | $3,080,000 | -4.3% | 3.7% |
| GUILD MORTGAGE COMPANY | $845,000 | $2,900,000 | 243.2% | 3.5% |
| FREEDOM MORTGAGE CORPORATION | $315,000 | $2,865,000 | 809.5% | 3.5% |
| BOKF | $3,795,000 | $2,755,000 | -27.4% | 3.3% |
| FOUNDATION MORTGAGE CORPORATION | $1,955,000 | n/a | 2.4% | |
| NAVY FEDERAL CREDIT UNION | $1,000,000 | $1,480,000 | 48.0% | 1.8% |
| Mortgage Research Center, LLC | $1,220,000 | $1,455,000 | 19.3% | 1.8% |
| GENEVA FINANCIAL, LLC | $205,000 | $1,405,000 | 585.4% | 1.7% |
| BROKER SOLUTIONS, INC. | $235,000 | $1,350,000 | 474.5% | 1.6% |
| Enterprise Bank & Trust | $720,000 | $1,350,000 | 87.5% | 1.6% |
| Bell Bank | $680,000 | $1,255,000 | 84.6% | 1.5% |
| MOUNTAIN AMERICA | $1,010,000 | $1,120,000 | 10.9% | 1.4% |
| CARDINAL FINANCIAL | $580,000 | $1,085,000 | 87.1% | 1.3% |
| MID AMERICA MORTGAGE, INC. | $755,000 | $1,055,000 | 39.7% | 1.3% |
| Washington Federal Bank | $460,000 | $1,035,000 | 125.0% | 1.3% |
| Century Mortgage Company DBA Century Lending Company | $95,000 | $995,000 | 947.4% | 1.2% |
| LAKEVIEW LOAN SERVICING, LLC | $960,000 | n/a | 1.2% | |
| Sunflower Bank | $610,000 | $955,000 | 56.6% | 1.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $230,000 | $925,000 | 302.2% | 1.1% |
| USAA Federal Savings Bank | $615,000 | $920,000 | 49.6% | 1.1% |
| U.S. Bank | $355,000 | $825,000 | 132.4% | 1.0% |
| NUSENDA | $75,000 | $770,000 | 926.7% | 0.9% |
| U.S. EAGLE | $765,000 | n/a | 0.9% | |
| Citibank | $705,000 | n/a | 0.9% | |
| CROSSCOUNTRY MORTGAGE, LLC | $530,000 | $650,000 | 22.6% | 0.8% |
| COMMUNITYAMERICA | $615,000 | n/a | 0.7% | |
| Equity Prime Mortgage LLC | $570,000 | n/a | 0.7% | |
| PENNYMAC LOAN SERVICES, LLC | $205,000 | $565,000 | 175.6% | 0.7% |
| First Federal Bank | $545,000 | n/a | 0.7% | |
| Wells Fargo Bank | $865,000 | $515,000 | -40.5% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $770,000 | $495,000 | -35.7% | 0.6% |
| V.I.P. MORTGAGE, INC. | $475,000 | n/a | 0.6% | |
| RIO GRANDE | $470,000 | n/a | 0.6% | |
| HOMETRUST MORTGAGE COMPANY | $445,000 | n/a | 0.5% | |
| LOANDEPOT.COM, LLC | $965,000 | $445,000 | -53.9% | 0.5% |
| UNION HOME MORTGAGE CORP. | $2,160,000 | $440,000 | -79.6% | 0.5% |
| GUADALUPE CREDIT UNION | $1,500,000 | $385,000 | -74.3% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $350,000 | $385,000 | 10.0% | 0.5% |
| Wallick & Volk, Inc. | $395,000 | $365,000 | -7.6% | 0.4% |
| NATIONS RELIABLE LENDING, LLC | $355,000 | n/a | 0.4% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $155,000 | $325,000 | 109.7% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $325,000 | n/a | 0.4% | |
| NEWREZ LLC | $205,000 | $320,000 | 56.1% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $315,000 | n/a | 0.4% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $315,000 | n/a | 0.4% | |
| VILLAGE CAPITAL MORTGAGE | $315,000 | n/a | 0.4% | |
| CMG MORTGAGE, INC. | $305,000 | n/a | 0.4% | |
| STATE EMPLOYEES | $455,000 | $285,000 | -37.4% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $255,000 | n/a | 0.3% | |
| NBH Bank | $115,000 | $255,000 | 121.7% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $735,000 | $255,000 | -65.3% | 0.3% |
| STARBOARD FINANCIAL MANAGEMENT, LLC | $255,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $1,005,000 | $235,000 | -76.6% | 0.3% |
| VERITAS FUNDING, LLC | $225,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $195,000 | n/a | 0.2% | |
| MYCUMORTGAGE, LLC | $185,000 | n/a | 0.2% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $165,000 | $175,000 | 6.1% | 0.2% |
| Bethpage Federal Credit Union | $125,000 | $165,000 | 32.0% | 0.2% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $165,000 | n/a | 0.2% | |
| Sierra Pacific Mortgage Company, Inc. | $470,000 | $155,000 | -67.0% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $135,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $125,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $125,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $35,000 | $125,000 | 257.1% | 0.2% |
| SUMMIT FUNDING, INC. | $125,000 | n/a | 0.2% | |
| PNC Bank | $75,000 | $95,000 | 26.7% | 0.1% |
| Discover Bank | $90,000 | n/a | 0.1% | |
| Figure Lending LLC | $85,000 | n/a | 0.1% | |
| Actors Federal Credit Union | $65,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $65,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $420,000 | $55,000 | -86.9% | 0.1% |
| SANDIA AREA | $25,000 | n/a | 0.0% |
Española's top lender by overall market share is Del Norte Credit Union, with 10.7% market share. In second place, with 9.7%, is QUICKEN LOANS, LLC, having originated $7,975,000 in loans. In third place, with 7.8%, is 21ST MORTGAGE CORPORATION, having originated $6,425,000 in loans. In fourth place, with 5.0%, is Waterstone Mortgage Corporation, having originated $4,155,000 in loans. In fifth place, with 4.3%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $3,575,000 in loans.
Española, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 196 | $56,300,000 | $287,245 |
| Cash Out Refi | 46 | $8,950,000 | $194,565 |
| Refi | 40 | $12,250,000 | $306,250 |
| Other | 32 | $3,690,000 | $115,313 |
| Home Improvement | 17 | $1,395,000 | $82,059 |
Española's most frequently cited loan purpose was Home Purchase, with 196 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 124 | $32,030,000 | $258,306 |
| Over 8% | 82 | $11,290,000 | $137,683 |
| 5-6% | 54 | $17,840,000 | $330,370 |
| 7-8% | 52 | $16,570,000 | $318,654 |
| 4-5% | 8 | $1,760,000 | $220,000 |
| <2.5% | 2 | $30,000 | $15,000 |
| 3-4% | 1 | $165,000 | $165,000 |
During 2024, Española's most frequently originated rate bucket was 6-7%, with 124 originations.
Loan Sizing (Española, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 144 | $41,870,000 | $290,764 |
| $100k-200k | 73 | $10,485,000 | $143,630 |
| $100,000 or less | 70 | $3,720,000 | $53,143 |
| $400k-600k | 34 | $16,600,000 | $488,235 |
| $600k-1000k | 7 | $4,735,000 | $676,429 |
| $Over $1MM | 3 | $5,175,000 | $1,725,000 |
Española's loan sizing saw the bucket of loans from $200k-400k with 144 originations, totaling $41,870,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 147 | $43,535,000 | $296,156 |
| 60-80% | 52 | $16,400,000 | $315,385 |
| Under 20% | 37 | $1,945,000 | $52,568 |
| 40-60% | 31 | $9,345,000 | $301,452 |
| 20-40% | 29 | $3,175,000 | $109,483 |
| Over 100% | 7 | $2,445,000 | $349,286 |
Española's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 147 originations, totaling $43,535,000 in origination value.