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 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%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 17 4.84% $7,073
21ST MORTGAGE CORPORATION 10 6.73% $6,390
Del Norte Credit Union 10 4.49% $3,462
Waterstone Mortgage Corporation 9 5.29% $7,009
UNITED WHOLESALE MORTGAGE, LLC 9 5.42% $8,968
Gateway First Bank 8 5.22% $5,000
LOANDEPOT.COM, LLC 8 4.61% $6,257
BOKF 6 5.15% $5,566
LEGACY MORTGAGE LLC 6 5.19% $7,009
GUADALUPE CREDIT UNION 5 5.31% $6,973
Enterprise Bank & Trust 4 4.31% $6,576
U.S. Bank 3 4.21% $6,956
Bell Bank 3 6.25% $4,059
Sunflower Bank 3 4.87% $5,488
NAVY FEDERAL CREDIT UNION 3 4.04% $3,823
Bank of America 3 3.92% $4,238
GENEVA FINANCIAL, LLC 2 5.50% $10,238
GUILD MORTGAGE COMPANY 2 5.75% $9,180
Mr. Cooper ( Nationstar Mortgage ) 2 4.31% $6,603
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.13% $8,673
SECURITYNATIONAL MORTGAGE COMPANY 2 4.87% $8,994
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $5,617
GUARANTEED RATE, INC. 1 6.38% $3,653
Washington Federal Bank 1 2.88% $4,676
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.88% $2,678
HOMESPIRE MORTGAGE CORPORATION 1 3.88% $4,416
JPMorgan Chase Bank 1 6.75% $3,604
LAKEVIEW LOAN SERVICING, LLC 1 3.38% $6,798
DELMAR FINANCIAL COMPANY 1 5.88% $4,630
CROSSCOUNTRY MORTGAGE, LLC 1 3.25% $4,217
Loan Simple, Inc. 1 6.00% $11,145
Mortgage Research Center, LLC 1 5.38% $7,929
Actors Federal Credit Union 1 3.00% $7,043
Nations Lending Corporation 1 6.50% $3,584
CMG MORTGAGE, INC. 1 5.88% $10,779
NBH Bank 1 5.50% $5,122
Network Funding, L.P. 1 5.75% $9,380
NEWREZ LLC 1 3.38% $3,417
PNC Bank 1 3.75% $4,866
Wells Fargo Bank 1 5.00% $6,442
CARDINAL FINANCIAL 1 4.38% $12,016
ROYAL UNITED MORTGAGE LLC 1 6.75% $2,780
ZILLOW HOME LOANS, LLC 1 3.75% $5,624
CALIBER HOME LOANS, INC. 1 3.38% $3,941
The Central Trust Bank 1 4.50% $3,693
UNION HOME MORTGAGE CORP. 1 4.75% $5,517
BROKER SOLUTIONS, INC. 1 3.13% $7,023
AMERICAN FINANCING CORPORATION 1 3.00% $3,538
Flagstar Bank, FSB 1 6.50% $8,675
FREEDOM MORTGAGE CORPORATION 1 3.75% $9,675
First Financial Credit Union 1 4.13% $6,025
Farm Credit Mid-America, ACA 1 3.85% $4,889

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. Louis
Date 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 for 2023-10-01 was $491,250, a difference of $38,250 (8.4%) versus the prior year and $-43,750 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-10-01 was 0 days.

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.