Española Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Española averaged 7.13% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 7.27% and one month ago for the week of 2024-03-07, the average rate was 7.13%.

    Española's average rate one year ago was 6.73%.

    For refis of the same type during the week of 2024-04-11, the average rate was 6.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Española 30 Year Fixed Rate 2024-04-11 7.13%
    Española 30 Year Fixed Rate Refi 2024-04-11 6.78%
    Española 15 Year Fixed Rate 2024-04-11 5.96%
    Española 15 Year Fixed Rate Refi 2024-04-11 6.86%
    Española 30 Year FHA 2024-04-11 6.54%
    Española 30 Year FHA Refi 2024-04-11 6.64%
    Española 30 Year USDA 2024-04-11 6.81%
    Española 30 Year USDA Refi 2024-04-11 6.81%
    Española 30 Year VA 2024-04-11 6.37%
    Española 30 Year VA Refi 2024-04-11 6.47%
    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
    Española's median listing price for 2024-03-01 was $530,000, a difference of $97,250 (22.5%) versus the prior year and $30,100 versus the prior month.

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

    Española's average listing price for 2024-03-01 was $904,805, a difference of $120,754 (15.4%) versus the prior year and $-20,950 versus the prior month.

    For the 2024-03-01 period, Española had 58 MLS listings, a difference of 0 listings (0%) versus the prior month and -4 listings (-6%) 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
    Española's median listing age (time on market) for 2024-03-01 was 0 days.

    Española's median square footage for active listings during the 2024-03-01 period was 2,300 sqft. One year prior, the average listing was 1,980 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.