Fallon Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fallon averaged
6.99%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.02% and
one month ago for the week of 2023-02-09, the
average rate was 6.31%.
Fallon's average rate one year ago was 4.44%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.63%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Fallon 30 Year Fixed Rate | 2023-03-16 | 6.99% |
| Fallon 30 Year Fixed Rate Refi | 2023-03-16 | 6.63% |
| Fallon 15 Year Fixed Rate | 2023-03-16 | 6.32% |
| Fallon 15 Year Fixed Rate Refi | 2023-03-16 | 6.33% |
| Fallon 30 Year FHA | 2023-03-16 | 7.19% |
| Fallon 30 Year FHA Refi | 2023-03-16 | 6.4% |
| Fallon 30 Year USDA | 2023-03-16 | 6.7% |
| Fallon 30 Year USDA Refi | 2023-03-16 | 6.12% |
| Fallon 30 Year VA | 2023-03-16 | 6.34% |
| Fallon 30 Year VA Refi | 2023-03-16 | 6.29% |
Fallon 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 Fallon, NV 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.).
Fallon Average Closing Costs & Other Stats
Fallon, NV's 84 lenders originated 1,245
loans during 2021. The total origination value was $302,305,000, with an average loan value of
$242,815.
Fallon's average closing costs are $5,649.
The top Fallon lender as defined by loan originations is QUICKEN LOANS, LLC, with
73 loans originated. Their average total fees are
$5,687, which is $1,258
higher than the next largest lender,
PRIMELENDING, A PLAINSCAPITAL COMPANY.
The lowest fee Fallon lenders (with over 10 loans originated) are
Wells Fargo Bank ($2,770), NAVY FEDERAL CREDIT UNION ($3,019), CALIBER HOME LOANS, INC. ($3,487), FINANCE OF AMERICA MORTGAGE LLC ($4,372) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($4,429).
The lowest rate Fallon lenders (with over 10 loans originated) are
CALIBER HOME LOANS, INC. (2.94%), AMERISAVE MORTGAGE CORPORATION (3.01%), QUICKEN LOANS, LLC (3.03%), LOANDEPOT.COM, LLC (3.05%) and FINANCE OF AMERICA MORTGAGE LLC (3.22%).
Fallon, NV 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $34,095,000 | $33,855,000 | -0.7% | 11.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $15,860,000 | $21,130,000 | 33.2% | 7.0% |
| FREEDOM MORTGAGE CORPORATION | $16,110,000 | $16,510,000 | 2.5% | 5.5% |
| GUILD MORTGAGE COMPANY | $13,605,000 | $16,445,000 | 20.9% | 5.4% |
| Mortgage Research Center, LLC | $13,765,000 | $16,125,000 | 17.1% | 5.3% |
| SUMMIT FUNDING, INC. | $10,490,000 | $12,865,000 | 22.6% | 4.3% |
| BROKER SOLUTIONS, INC. | $13,315,000 | $11,625,000 | -12.7% | 3.8% |
| NAVY FEDERAL CREDIT UNION | $12,875,000 | $11,175,000 | -13.2% | 3.7% |
| PENNYMAC LOAN SERVICES, LLC | $5,990,000 | $9,355,000 | 56.2% | 3.1% |
| Wells Fargo Bank | $6,445,000 | $8,270,000 | 28.3% | 2.7% |
| LOANDEPOT.COM, LLC | $4,925,000 | $7,770,000 | 57.8% | 2.6% |
| GREATER NEVADA LLC | $4,320,000 | $7,275,000 | 68.4% | 2.4% |
| FINANCE OF AMERICA MORTGAGE LLC | $8,165,000 | $6,470,000 | -20.8% | 2.1% |
| CALIBER HOME LOANS, INC. | $2,195,000 | $5,840,000 | 166.1% | 1.9% |
| AMERISAVE MORTGAGE CORPORATION | $3,120,000 | $5,135,000 | 64.6% | 1.7% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $4,885,000 | $4,380,000 | -10.3% | 1.4% |
| U.S. Bank | $2,115,000 | $4,190,000 | 98.1% | 1.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,265,000 | $4,045,000 | 78.6% | 1.3% |
| VAN DYK MORTGAGE CORPORATION | $4,870,000 | $3,935,000 | -19.2% | 1.3% |
| ISERVE RESIDENTIAL LENDING, LLC | $3,050,000 | $3,850,000 | 26.2% | 1.3% |
| CLEARPATH LENDING | $4,045,000 | $3,810,000 | -5.8% | 1.3% |
| USAA Federal Savings Bank | $3,470,000 | $3,055,000 | -12.0% | 1.0% |
| ALL WESTERN MORTGAGE, INC. | $135,000 | $2,925,000 | 2,066.7% | 1.0% |
| UNITED | $1,235,000 | $2,860,000 | 131.6% | 0.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,105,000 | $2,730,000 | -46.5% | 0.9% |
| NEWREZ LLC | $785,000 | $2,440,000 | 210.8% | 0.8% |
| Northpointe Bank | $2,065,000 | $2,265,000 | 9.7% | 0.7% |
| Zions Bancorporation, N.A. | $1,725,000 | $2,265,000 | 31.3% | 0.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,290,000 | $2,245,000 | 74.0% | 0.7% |
| Wolfe Financial, Inc | $4,150,000 | $1,980,000 | -52.3% | 0.7% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,385,000 | $1,765,000 | 27.4% | 0.6% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,730,000 | n/a | 0.6% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,465,000 | $1,685,000 | 15.0% | 0.6% |
| MOVEMENT MORTGAGE, LLC | $1,335,000 | $1,525,000 | 14.2% | 0.5% |
| NBKC BANK | $1,425,000 | $1,525,000 | 7.0% | 0.5% |
| CELEBRITY HOME LOANS, LLC | $1,510,000 | n/a | 0.5% | |
| GUARANTEED RATE, INC. | $1,020,000 | $1,475,000 | 44.6% | 0.5% |
| Flagstar Bank, FSB | $1,195,000 | $1,470,000 | 23.0% | 0.5% |
| MOUNTAIN AMERICA | $865,000 | $1,465,000 | 69.4% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $540,000 | $1,415,000 | 162.0% | 0.5% |
| Sierra Pacific Mortgage Company, Inc. | $3,060,000 | $1,410,000 | -53.9% | 0.5% |
| SYNERGY HOME MORTGAGE, LLC | $1,265,000 | $1,395,000 | 10.3% | 0.5% |
| Carrington Mortgage Services, LLC | $1,700,000 | $1,325,000 | -22.1% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,590,000 | $1,260,000 | -20.8% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $985,000 | $1,145,000 | 16.2% | 0.4% |
| JPMorgan Chase Bank | $455,000 | $1,070,000 | 135.2% | 0.4% |
| PLANET HOME LENDING, LLC | $715,000 | $1,060,000 | 48.3% | 0.4% |
| The Federal Savings Bank | $3,450,000 | $1,040,000 | -69.9% | 0.3% |
| CALCON MUTUAL MORTGAGE LLC | $500,000 | $1,020,000 | 104.0% | 0.3% |
| FirstBank | $165,000 | $1,005,000 | 509.1% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $115,000 | $1,000,000 | 769.6% | 0.3% |
| ACADEMY MORTGAGE CORPORATION | $960,000 | n/a | 0.3% | |
| North American Savings Bank, F.S.B. | $915,000 | $950,000 | 3.8% | 0.3% |
| VILLAGE CAPITAL & INVESTMENT LLC | $1,505,000 | $950,000 | -36.9% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $925,000 | n/a | 0.3% | |
| AXIA FINANCIAL, LLC | $2,005,000 | $920,000 | -54.1% | 0.3% |
| Hometown Lenders, Inc. | $245,000 | $890,000 | 263.3% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,230,000 | $875,000 | -28.9% | 0.3% |
| InterContinental Capital Group, Inc | $500,000 | $845,000 | 69.0% | 0.3% |
| Neighborhood Loans, Inc. | $810,000 | n/a | 0.3% | |
| Washington Federal Bank | $635,000 | $805,000 | 26.8% | 0.3% |
| KS StateBank | $730,000 | n/a | 0.2% | |
| JMAC LENDING, INC. | $700,000 | n/a | 0.2% | |
| Low VA Rates, LLC | $580,000 | $695,000 | 19.8% | 0.2% |
| RESIDENTIAL BANCORP. | $680,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $650,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $625,000 | n/a | 0.2% | |
| PENTAGON FEDERAL CREDIT UNION | $650,000 | $615,000 | -5.4% | 0.2% |
| Commerce Home Mortgage, Inc. | $580,000 | n/a | 0.2% | |
| WESTCOAST MORTGAGE GROUP AND REALTY COMPANY | $580,000 | n/a | 0.2% | |
| DAS Acquisition Company, LLC | $570,000 | n/a | 0.2% | |
| Meridian Bank Corporation | $570,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $2,195,000 | $565,000 | -74.3% | 0.2% |
| SWBC MORTGAGE CORPORATION | $560,000 | n/a | 0.2% | |
| LENDUS, LLC | $675,000 | $550,000 | -18.5% | 0.2% |
| AMERICAN ADVISORS GROUP | $395,000 | $545,000 | 38.0% | 0.2% |
| BAY EQUITY LLC | $535,000 | n/a | 0.2% | |
| Northwest Farm Credit Services, FLCA | $535,000 | $530,000 | -0.9% | 0.2% |
| SOVEREIGN LENDING GROUP INCORPORATED | $395,000 | $525,000 | 32.9% | 0.2% |
| Gateway First Bank | $700,000 | $520,000 | -25.7% | 0.2% |
| Manufacturers and Traders Trust Company | $520,000 | n/a | 0.2% | |
| ONE NEVADA CREDIT UNION | $520,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $520,000 | n/a | 0.2% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $515,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $770,000 | $500,000 | -35.1% | 0.2% |
| Cf Bank | $495,000 | n/a | 0.2% | |
| LADERA LENDING, INC. | $490,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $490,000 | n/a | 0.2% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $885,000 | $490,000 | -44.6% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $470,000 | n/a | 0.2% | |
| Goldwater Bank, N.A. | $465,000 | n/a | 0.2% | |
| HOMEXPRESS MORTGAGE CORP. | $465,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $460,000 | n/a | 0.2% | |
| Bank of the West | $375,000 | $435,000 | 16.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $460,000 | $425,000 | -7.6% | 0.1% |
| ON Q FINANCIAL, INC. | $1,895,000 | $420,000 | -77.8% | 0.1% |
| MANN FINANCIAL INC. | $405,000 | n/a | 0.1% | |
| NP, Inc. | $440,000 | $375,000 | -14.8% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $510,000 | $370,000 | -27.5% | 0.1% |
| SOFI LENDING CORP. | $365,000 | n/a | 0.1% | |
| INTERNATIONAL CITY MORTGAGE, INC. | $355,000 | n/a | 0.1% | |
| Nations Lending Corporation | $320,000 | $350,000 | 9.4% | 0.1% |
| BNC National Bank | $405,000 | $345,000 | -14.8% | 0.1% |
| ALAMEDA MORTGAGE CORPORATION | $345,000 | $335,000 | -2.9% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $335,000 | n/a | 0.1% | |
| Amerifirst Financial, Inc. | $330,000 | n/a | 0.1% | |
| GoPrime Mortgage, Inc. | $325,000 | n/a | 0.1% | |
| AMERICA FIRST | $315,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $315,000 | n/a | 0.1% | |
| PINNACLE LENDING GROUP, INC. | $305,000 | n/a | 0.1% | |
| INFINITY EQUITY GROUP, INC. | $285,000 | n/a | 0.1% | |
| STAR ONE CREDIT UNION | $285,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $265,000 | n/a | 0.1% | |
| First Federal Bank | $995,000 | $255,000 | -74.4% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $245,000 | n/a | 0.1% | |
| Watermark Capital, Inc. | $245,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $185,000 | $225,000 | 21.6% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $305,000 | $225,000 | -26.2% | 0.1% |
| Arvest Bank | $215,000 | n/a | 0.1% | |
| OCMBC, INC. | $215,000 | n/a | 0.1% | |
| CASTLE & COOKE MORTGAGE, LLC | $275,000 | $205,000 | -25.5% | 0.1% |
| MOUNTAIN WEST FINANCIAL, INC. | $205,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $195,000 | n/a | 0.1% | |
| Willamette Valley Bank | $185,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $155,000 | n/a | 0.1% | |
| CRESCENT MORTGAGE COMPANY | $155,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,185,000 | $155,000 | -86.9% | 0.1% |
| REVERSE MORTGAGE FUNDING LLC | $155,000 | n/a | 0.1% | |
| FOUR POINTS | $145,000 | n/a | 0.0% | |
| Figure Lending LLC | $235,000 | $125,000 | -46.8% | 0.0% |
| First Guaranty Mortgage Corporation | $195,000 | $115,000 | -41.0% | 0.0% |
| PHH Mortgage Corporation | $565,000 | $105,000 | -81.4% | 0.0% |
| Bethpage Federal Credit Union | $35,000 | n/a | 0.0% | |
| Umpqua Bank | $460,000 | $35,000 | -92.4% | 0.0% |
Fallon's top lender by overall market share is QUICKEN LOANS, LLC, with 11.2% market share. In second place, with 7.0%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $21,130,000 in loans. In third place, with 5.5%, is FREEDOM MORTGAGE CORPORATION, having originated $16,510,000 in loans. In fourth place, with 5.4%, is GUILD MORTGAGE COMPANY, having originated $16,445,000 in loans. In fifth place, with 5.3%, is Mortgage Research Center, LLC, having originated $16,125,000 in loans.
Fallon Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Fallon (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 | $243,000 (5.5%) | $249,385 (-1.6%) | 0.00 | 39 |
| 2018-02-01 | $250,000 (8.0%) | $271,856 (8.8%) | 0.00 | 29 |
| 2018-03-01 | $285,000 (22.1%) | $299,090 (21.7%) | 0.00 | 22 |
| 2018-04-01 | $281,700 (25.2%) | $293,706 (22.2%) | 0.00 | 30 |
| 2018-05-01 | $263,750 (13.6%) | $282,687 (12.9%) | 0.00 | 41 |
| 2018-06-01 | $271,450 (23.8%) | $293,795 (22.3%) | 0.00 | 44 |
| 2018-07-01 | $265,000 (15.2%) | $287,363 (20.4%) | 0.00 | 50 |
| 2018-08-01 | $269,900 (8.2%) | $287,046 (9.6%) | 0.00 | 59 |
| 2018-09-01 | $262,000 (12.7%) | $280,677 (8.4%) | 0.00 | 71 |
| 2018-10-01 | $269,900 (9.3%) | $279,849 (8.2%) | 0.00 | 81 |
| 2018-11-01 | $269,900 (5.2%) | $276,845 (3.4%) | 0.00 | 80 |
| 2018-12-01 | $270,000 (6.3%) | $277,610 (7.7%) | 0.00 | 76 |
| 2019-01-01 | $271,250 (11.6%) | $280,612 (12.5%) | 0.00 | 75 |
| 2019-02-01 | $269,925 (8.0%) | $276,320 (1.6%) | 0.00 | 77 |
| 2019-03-01 | $268,964 (-5.6%) | $278,071 (-7.0%) | 0.00 | 72 |
| 2019-04-01 | $271,375 (-3.7%) | $280,650 (-4.5%) | 0.00 | 66 |
| 2019-05-01 | $276,350 (4.8%) | $294,410 (4.2%) | 0.00 | 61 |
| 2019-06-01 | $279,875 (3.1%) | $307,630 (4.7%) | 0.00 | 71 |
| 2019-07-01 | $283,650 (7.0%) | $306,904 (6.8%) | 0.00 | 74 |
| 2019-08-01 | $285,527 (5.8%) | $315,940 (10.1%) | 0.00 | 77 |
| 2019-09-01 | $286,468 (9.3%) | $326,439 (16.3%) | 0.00 | 77 |
| 2019-10-01 | $288,350 (6.8%) | $331,780 (18.6%) | 0.00 | 76 |
| 2019-11-01 | $280,000 (3.7%) | $321,080 (16.0%) | 0.00 | 67 |
| 2019-12-01 | $289,800 (7.3%) | $326,739 (17.7%) | 0.00 | 59 |
| 2020-01-01 | $294,700 (8.7%) | $328,905 (17.2%) | 0.00 | 58 |
| 2020-02-01 | $294,900 (9.3%) | $329,217 (19.1%) | 0.00 | 53 |
| 2020-03-01 | $296,500 (10.2%) | $326,328 (17.4%) | 0.00 | 69 |
| 2020-04-01 | $298,975 (10.2%) | $327,707 (16.8%) | 0.00 | 66 |
| 2020-05-01 | $294,900 (6.7%) | $381,107 (29.5%) | 0.00 | 60 |
| 2020-06-01 | $299,500 (7.0%) | $444,966 (44.6%) | 0.00 | 38 |
| 2020-07-01 | $306,125 (7.9%) | $452,529 (47.5%) | 0.00 | 34 |
| 2020-08-01 | $349,900 (22.6%) | $509,848 (61.4%) | 0.00 | 26 |
| 2020-09-01 | $338,000 (18.0%) | $516,433 (58.2%) | 0.00 | 22 |
| 2020-10-01 | $301,900 (4.7%) | $479,083 (44.4%) | 0.00 | 17 |
| 2020-11-01 | $298,550 (6.6%) | $486,331 (51.5%) | 0.00 | 16 |
| 2020-12-01 | $332,500 (14.7%) | $504,906 (54.5%) | 0.00 | 23 |
| 2021-01-01 | $298,250 (1.2%) | $496,807 (51.1%) | 0.00 | 23 |
| 2021-02-01 | $322,500 (9.4%) | $492,107 (49.5%) | 0.00 | 18 |
| 2021-03-01 | $297,436 (0.3%) | $497,987 (52.6%) | 0.00 | 19 |
| 2021-04-01 | $289,950 (-3.0%) | $479,312 (46.3%) | 0.00 | 29 |
| 2021-05-01 | $330,000 (11.9%) | $440,075 (15.5%) | 0.00 | 23 |
| 2021-06-01 | $336,000 (12.2%) | $415,635 (-6.6%) | 0.00 | 21 |
| 2021-07-01 | $362,500 (18.4%) | $438,891 (-3.0%) | 0.00 | 27 |
| 2021-08-01 | $390,000 (11.5%) | $432,263 (-15.2%) | 0.00 | 36 |
| 2021-09-01 | $384,500 (13.8%) | $455,837 (-11.7%) | 0.00 | 31 |
| 2021-10-01 | $395,000 (30.8%) | $457,782 (-4.5%) | 0.00 | 29 |
| 2021-11-01 | $352,500 (18.1%) | $441,359 (-9.3%) | 0.00 | 31 |
| 2021-12-01 | $359,750 (8.2%) | $423,048 (-16.2%) | 0.00 | 28 |
| 2022-01-01 | $367,250 (23.1%) | $389,303 (-21.6%) | 0.00 | 24 |
| 2022-02-01 | $377,300 (17.0%) | $396,331 (-19.5%) | 0.00 | 25 |
| 2022-03-01 | $395,000 (32.8%) | $415,830 (-16.5%) | 0.00 | 22 |
| 2022-04-01 | $379,950 (31.0%) | $416,157 (-13.2%) | 0.00 | 36 |
| 2022-05-01 | $394,500 (19.6%) | $428,056 (-2.7%) | 0.00 | 47 |
| 2022-06-01 | $399,450 (18.9%) | $466,254 (12.2%) | 0.00 | 60 |
| 2022-07-01 | $395,000 (9.0%) | $461,460 (5.1%) | 0.00 | 77 |
| 2022-08-01 | $387,350 (-0.7%) | $452,190 (4.6%) | 0.00 | 77 |
| 2022-09-01 | $388,337 (1.0%) | $446,728 (-2.0%) | 0.00 | 74 |
| 2022-10-01 | $369,990 (-6.3%) | $421,822 (-7.9%) | 0.00 | 84 |
| 2022-11-01 | $355,498 (0.9%) | $404,733 (-8.3%) | 0.00 | 93 |
| 2022-12-01 | $357,990 (-0.5%) | $390,858 (-7.6%) | 0.00 | 75 |
| 2023-01-01 | $354,993 (-3.3%) | $388,849 (-0.1%) | 0.00 | 57 |
| 2023-02-01 | $361,473 (-4.2%) | $402,309 (1.5%) | 0.00 | 47 |
Fallon's median listing price comes in at 0% of the national average.
Fallon's average listing price for 2023-02-01 was $402,309, a difference of $5,978 (1.5%) versus the prior year and $13,460 versus the prior month.
For the 2023-02-01 period, Fallon had 47 MLS listings, a difference of -10 listings (-18%) versus the prior month and 22 listings (88%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fallon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,782 sqft |
| 2018-02-01 | 0 days | 1,884 sqft |
| 2018-03-01 | 0 days | 1,987 sqft |
| 2018-04-01 | 0 days | 1,863 sqft |
| 2018-05-01 | 0 days | 1,851 sqft |
| 2018-06-01 | 0 days | 1,767 sqft |
| 2018-07-01 | 0 days | 1,692 sqft |
| 2018-08-01 | 0 days | 1,773 sqft |
| 2018-09-01 | 0 days | 1,653 sqft |
| 2018-10-01 | 0 days | 1,652 sqft |
| 2018-11-01 | 0 days | 1,704 sqft |
| 2018-12-01 | 0 days | 1,732 sqft |
| 2019-01-01 | 0 days | 1,694 sqft |
| 2019-02-01 | 0 days | 1,680 sqft |
| 2019-03-01 | 0 days | 1,715 sqft |
| 2019-04-01 | 0 days | 1,730 sqft |
| 2019-05-01 | 0 days | 1,811 sqft |
| 2019-06-01 | 0 days | 1,853 sqft |
| 2019-07-01 | 0 days | 1,837 sqft |
| 2019-08-01 | 0 days | 1,866 sqft |
| 2019-09-01 | 0 days | 1,879 sqft |
| 2019-10-01 | 0 days | 1,889 sqft |
| 2019-11-01 | 0 days | 1,831 sqft |
| 2019-12-01 | 0 days | 1,852 sqft |
| 2020-01-01 | 0 days | 1,830 sqft |
| 2020-02-01 | 0 days | 1,818 sqft |
| 2020-03-01 | 0 days | 1,865 sqft |
| 2020-04-01 | 0 days | 1,877 sqft |
| 2020-05-01 | 0 days | 1,822 sqft |
| 2020-06-01 | 0 days | 1,820 sqft |
| 2020-07-01 | 0 days | 1,839 sqft |
| 2020-08-01 | 0 days | 1,895 sqft |
| 2020-09-01 | 0 days | 1,772 sqft |
| 2020-10-01 | 0 days | 1,624 sqft |
| 2020-11-01 | 0 days | 1,567 sqft |
| 2020-12-01 | 0 days | 1,654 sqft |
| 2021-01-01 | 0 days | 1,624 sqft |
| 2021-02-01 | 0 days | 1,773 sqft |
| 2021-03-01 | 0 days | 1,589 sqft |
| 2021-04-01 | 0 days | 1,559 sqft |
| 2021-05-01 | 0 days | 1,693 sqft |
| 2021-06-01 | 0 days | 1,602 sqft |
| 2021-07-01 | 0 days | 1,536 sqft |
| 2021-08-01 | 0 days | 1,600 sqft |
| 2021-09-01 | 0 days | 1,643 sqft |
| 2021-10-01 | 0 days | 1,744 sqft |
| 2021-11-01 | 0 days | 1,604 sqft |
| 2021-12-01 | 0 days | 1,568 sqft |
| 2022-01-01 | 0 days | 1,541 sqft |
| 2022-02-01 | 0 days | 1,610 sqft |
| 2022-03-01 | 0 days | 1,640 sqft |
| 2022-04-01 | 0 days | 1,631 sqft |
| 2022-05-01 | 0 days | 1,633 sqft |
| 2022-06-01 | 0 days | 1,713 sqft |
| 2022-07-01 | 0 days | 1,706 sqft |
| 2022-08-01 | 0 days | 1,690 sqft |
| 2022-09-01 | 0 days | 1,710 sqft |
| 2022-10-01 | 0 days | 1,668 sqft |
| 2022-11-01 | 0 days | 1,639 sqft |
| 2022-12-01 | 0 days | 1,636 sqft |
| 2023-01-01 | 0 days | 1,621 sqft |
| 2023-02-01 | 0 days | 1,611 sqft |
Fallon's median square footage for active listings during the 2023-02-01 period was 1,611 sqft. One year prior, the average listing was 1,610 sqft.
Fallon, NV Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 463 | $131,115,000 | $283,186 |
| Refi | 460 | $97,360,000 | $211,652 |
| Cash Out Refi | 286 | $68,990,000 | $241,224 |
| Home Improvement | 21 | $3,215,000 | $153,095 |
| Other | 15 | $1,625,000 | $108,333 |
Fallon's most frequently cited loan purpose was Home Purchase, with 463 originations. The 2nd most popular reason was Refi, with 460 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 433 | $109,205,000 | $252,206 |
| 2.5-3% | 429 | $102,835,000 | $239,709 |
| <2.5% | 314 | $75,150,000 | $239,331 |
| 4-5% | 57 | $13,935,000 | $244,474 |
| Over 8% | 4 | $440,000 | $110,000 |
| 7-8% | 3 | $365,000 | $121,667 |
| 5-6% | 3 | $175,000 | $58,333 |
| 6-7% | 1 | $55,000 | $55,000 |
During 2021, Fallon's most frequently originated rate bucket was 3-4%, with 433 originations.
Loan Sizing (Fallon, NV MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 718 | $200,420,000 | $279,136 |
| $100k-200k | 351 | $54,665,000 | $155,741 |
| $400k-600k | 88 | $40,090,000 | $455,568 |
| $100,000 or less | 85 | $5,045,000 | $59,353 |
| $600k-1000k | 3 | $2,085,000 | $695,000 |
Fallon's loan sizing saw the bucket of loans from $200k-400k with 718 originations, totaling $200,420,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 450 | $132,000,000 | $293,333 |
| 60-80% | 365 | $89,965,000 | $246,479 |
| 40-60% | 179 | $33,525,000 | $187,291 |
| 20-40% | 73 | $8,245,000 | $112,945 |
| Over 100% | 51 | $17,485,000 | $342,843 |
| Under 20% | 36 | $1,260,000 | $35,000 |
Fallon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 450 originations, totaling $132,000,000 in origination value.