Española Mortgage Rates & Closing Costs
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% |
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 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. LouisDate | 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 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. LouisDate | 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 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.