Fallon 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 Fallon averaged 6.81% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.55% and one month ago for the week of 2023-08-10, the average rate was 6.39%.

    Fallon's average rate one year ago was 5.22%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Fallon 30 Year Fixed Rate 2023-09-14 6.81%
    Fallon 30 Year Fixed Rate Refi 2023-09-14 7.78%
    Fallon 15 Year Fixed Rate 2023-09-14 6.51%
    Fallon 15 Year Fixed Rate Refi 2023-09-14 6.71%
    Fallon 30 Year FHA 2023-09-14 6.89%
    Fallon 30 Year FHA Refi 2023-09-14 7.09%
    Fallon 30 Year USDA 2023-09-14 6.98%
    Fallon 30 Year USDA Refi 2023-09-14 7.08%
    Fallon 30 Year VA 2023-09-14 6.29%
    Fallon 30 Year VA Refi 2023-09-14 6.61%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Fallon, NV.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 41 4.83% $6,302
    PRIMELENDING, A PLAINSCAPITAL COMPANY 24 4.71% $5,624
    DHI MORTGAGE COMPANY, LTD. 21 4.54% $3,577
    GUILD MORTGAGE COMPANY 15 4.91% $8,891
    GREATER NEVADA LLC 14 4.63% $3,692
    UNITED 10 4.50% $5,642
    Zions Bank 7 4.66% $4,763
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 7 4.41% $4,039
    LOANDEPOT.COM, LLC 7 4.42% $8,569
    SUMMIT FUNDING, INC. 7 5.39% $6,288
    BROKER SOLUTIONS, INC. 6 4.52% $6,102
    U.S. Bank 6 4.39% $4,071
    CROSSCOUNTRY MORTGAGE, LLC 5 4.67% $8,691
    BAY EQUITY LLC 4 5.19% $7,641
    NAVY FEDERAL CREDIT UNION 4 5.81% $4,062
    NEWREZ LLC 4 4.00% $3,961
    UNITED WHOLESALE MORTGAGE, LLC 4 4.93% $6,149
    Sierra Pacific Mortgage Company, Inc. 3 4.54% $8,079
    Wells Fargo Bank 3 5.46% $2,181
    FINANCE OF AMERICA MORTGAGE LLC 3 6.04% $4,359
    Gateway First Bank 3 4.83% $5,777
    VAN DYK MORTGAGE CORPORATION 2 5.50% $4,086
    PNC Bank 2 4.50% $4,422
    AmeriHome Mortgage Company, LLC 2 4.18% $2,982
    CARDINAL FINANCIAL 2 4.31% $5,759
    AMERISAVE MORTGAGE CORPORATION 2 4.43% $5,292
    Flagstar Bank, FSB 2 4.50% $8,849
    ISERVE RESIDENTIAL LENDING, LLC 2 5.38% $6,589
    JMAC LENDING, INC. 2 4.18% $2,417
    CLEARPATH LENDING 2 4.25% $9,947
    PENNYMAC LOAN SERVICES, LLC 2 4.69% $7,145
    Umpqua Bank 2 3.25% $2,971
    Northpointe Bank 2 5.13% $4,472
    FREEDOM MORTGAGE CORPORATION 2 4.81% $6,204
    TOP FLITE FINANCIAL, INC. 1 5.38% $14,005
    ANGEL OAK HOME LOANS LLC 1 6.50% $5,589
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 6.38% $8,226
    AXIA FINANCIAL, LLC 1 5.25% $5,283
    BOKF 1 6.00% $6,565
    CALCON MUTUAL MORTGAGE LLC 1 4.63% $3,869
    CALIBER HOME LOANS, INC. 1 6.13% $6,881
    Carrington Mortgage Services, LLC 1 4.88% $16,775
    CHEVRON 1 5.38% $9,506
    DATA MORTGAGE, INC. 1 6.63% $8,656
    GUARANTEED RATE, INC. 1 6.25% $4,357
    HOME POINT FINANCIAL CORPORATION 1 3.88% $13,447
    Hometown Lenders, Inc. 1 7.38% $8,181
    INFINITY EQUITY GROUP, INC. 1 4.25% $4,476
    LADERA LENDING, INC. 1 3.75% $4,675
    Mortgage Research Center, LLC 1 5.75% $8,526
    Mr. Cooper ( Nationstar Mortgage ) 1 3.75% $7,734
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.63% $7,404
    Northwest Farm Credit Services, FLCA 1 4.05% $6,027
    Paramount Bank 1 2.75% $7,175
    Paramount Residential Mortgage Group, Inc. 1 4.50% $8,820
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.99% $4,078
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $9,344
    The Federal Savings Bank 1 4.88% $7,448
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.13% $6,288

    Fallon Average Closing Costs & Other Stats

    Fallon, NV's 59 lenders originated 742 loans during 2022. The total origination value was $200,200,000, with an average loan value of $269,811.

    Fallon's average closing costs are $6,072.

    The top Fallon lender as defined by loan originations is QUICKEN LOANS, LLC, with 41 loans originated. Their average total fees are $6,302, which is $678 higher than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Fallon lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($3,577), GREATER NEVADA LLC ($3,692), PRIMELENDING, A PLAINSCAPITAL COMPANY ($5,624), UNITED ($5,642) and QUICKEN LOANS, LLC ($6,302).

    The lowest rate Fallon lenders (with over 10 loans originated) are UNITED (4.50%), DHI MORTGAGE COMPANY, LTD. (4.54%), GREATER NEVADA LLC (4.63%), PRIMELENDING, A PLAINSCAPITAL COMPANY (4.71%) and QUICKEN LOANS, LLC (4.83%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    QUICKEN LOANS, LLC $33,855,000 $17,750,000 -47.6% 8.9%
    DHI MORTGAGE COMPANY, LTD. $16,020,000 n/a 8.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $21,130,000 $14,875,000 -29.6% 7.4%
    NAVY FEDERAL CREDIT UNION $11,175,000 $10,920,000 -2.3% 5.5%
    Mortgage Research Center, LLC $16,125,000 $10,855,000 -32.7% 5.4%
    GUILD MORTGAGE COMPANY $16,445,000 $9,365,000 -43.1% 4.7%
    Columbia State Bank $7,455,000 n/a 3.7%
    SUMMIT FUNDING, INC. $12,865,000 $6,810,000 -47.1% 3.4%
    FREEDOM MORTGAGE CORPORATION $16,510,000 $4,985,000 -69.8% 2.5%
    UNITED $2,860,000 $4,915,000 71.9% 2.5%
    BROKER SOLUTIONS, INC. $11,625,000 $4,505,000 -61.2% 2.3%
    GREATER NEVADA LLC $7,275,000 $4,400,000 -39.5% 2.2%
    UNITED WHOLESALE MORTGAGE, LLC $2,730,000 $4,330,000 58.6% 2.2%
    PENNYMAC LOAN SERVICES, LLC $9,355,000 $3,745,000 -60.0% 1.9%
    Wells Fargo Bank $8,270,000 $3,730,000 -54.9% 1.9%
    CROSSCOUNTRY MORTGAGE, LLC $1,415,000 $3,705,000 161.8% 1.9%
    U.S. Bank $4,190,000 $3,700,000 -11.7% 1.8%
    LOANDEPOT.COM, LLC $7,770,000 $3,365,000 -56.7% 1.7%
    Zions Bancorporation, N.A. $2,265,000 $3,100,000 36.9% 1.5%
    VAN DYK MORTGAGE CORPORATION $3,935,000 $2,545,000 -35.3% 1.3%
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY $4,380,000 $2,495,000 -43.0% 1.2%
    Northpointe Bank $2,265,000 $2,325,000 2.6% 1.2%
    USAA Federal Savings Bank $3,055,000 $2,205,000 -27.8% 1.1%
    HOME POINT FINANCIAL CORPORATION $925,000 $2,075,000 124.3% 1.0%
    CALIBER HOME LOANS, INC. $5,840,000 $2,035,000 -65.2% 1.0%
    NEW DAY FINANCIAL, LLC $875,000 $1,940,000 121.7% 1.0%
    BAY EQUITY LLC $535,000 $1,770,000 230.8% 0.9%
    Nations Lending Corporation $350,000 $1,490,000 325.7% 0.7%
    Gateway First Bank $520,000 $1,485,000 185.6% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $4,045,000 $1,465,000 -63.8% 0.7%
    Sierra Pacific Mortgage Company, Inc. $1,410,000 $1,420,000 0.7% 0.7%
    Barrington Bank & Trust Company, N.A. $500,000 $1,340,000 168.0% 0.7%
    HOMEXPRESS MORTGAGE CORP. $465,000 $1,330,000 186.0% 0.7%
    AMERISAVE MORTGAGE CORPORATION $5,135,000 $1,225,000 -76.1% 0.6%
    LENDINGHOME FUNDING CORPORATION $490,000 $1,190,000 142.9% 0.6%
    Flagstar Bank, FSB $1,470,000 $1,185,000 -19.4% 0.6%
    NEWREZ LLC $2,440,000 $1,160,000 -52.5% 0.6%
    GUARANTEED RATE, INC. $1,475,000 $1,110,000 -24.7% 0.6%
    FINANCE OF AMERICA MORTGAGE LLC $6,470,000 $1,080,000 -83.3% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,145,000 $1,055,000 -7.9% 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,765,000 $1,020,000 -42.2% 0.5%
    CLEARPATH LENDING $3,810,000 $1,020,000 -73.2% 0.5%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,685,000 $925,000 -45.1% 0.5%
    INFINITY EQUITY GROUP, INC. $285,000 $840,000 194.7% 0.4%
    MASON MCDUFFIE MORTGAGE CORPORATION $515,000 $825,000 60.2% 0.4%
    Carrington Mortgage Services, LLC $1,325,000 $780,000 -41.1% 0.4%
    ON Q FINANCIAL, INC. $420,000 $775,000 84.5% 0.4%
    Washington Federal Bank $805,000 $775,000 -3.7% 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,000,000 $765,000 -23.5% 0.4%
    ISERVE RESIDENTIAL LENDING, LLC $3,850,000 $755,000 -80.4% 0.4%
    The Federal Savings Bank $1,040,000 $750,000 -27.9% 0.4%
    Magnolia Bank $650,000 n/a 0.3%
    PENTAGON FEDERAL CREDIT UNION $615,000 $650,000 5.7% 0.3%
    PNC Bank $625,000 n/a 0.3%
    AMERICAN ADVISORS GROUP $545,000 $620,000 13.8% 0.3%
    AmeriHome Mortgage Company, LLC $155,000 $610,000 293.5% 0.3%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $570,000 n/a 0.3%
    SUN WEST MORTGAGE COMPANY, INC. $1,730,000 $560,000 -67.6% 0.3%
    Northwest Farm Credit Services, FLCA $530,000 $505,000 -4.7% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $565,000 $500,000 -11.5% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $460,000 $490,000 6.5% 0.2%
    Umpqua Bank $35,000 $480,000 1,271.4% 0.2%
    PLANET HOME LENDING, LLC $1,060,000 $475,000 -55.2% 0.2%
    ANGEL OAK HOME LOANS LLC $465,000 n/a 0.2%
    Hometown Lenders, Inc. $890,000 $440,000 -50.6% 0.2%
    CHEVRON $425,000 n/a 0.2%
    JMAC LENDING, INC. $700,000 $420,000 -40.0% 0.2%
    Figure Lending LLC $125,000 $405,000 224.0% 0.2%
    MOUNTAIN AMERICA $1,465,000 $375,000 -74.4% 0.2%
    NBKC BANK $1,525,000 $375,000 -75.4% 0.2%
    UNION HOME MORTGAGE CORP. $365,000 n/a 0.2%
    Willamette Valley Bank $185,000 $365,000 97.3% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $155,000 $355,000 129.0% 0.2%
    Armed Forces Bank $335,000 n/a 0.2%
    CenterBank $335,000 n/a 0.2%
    DATA MORTGAGE, INC. $335,000 n/a 0.2%
    OPEN MORTGAGE, LLC $335,000 n/a 0.2%
    BNC National Bank $345,000 $325,000 -5.8% 0.2%
    RESIDENTIAL BANCORP. $680,000 $320,000 -52.9% 0.2%
    Paramount Residential Mortgage Group, Inc. $305,000 n/a 0.2%
    Amerifirst Financial, Inc. $330,000 $300,000 -9.1% 0.1%
    BOKF $285,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $1,525,000 $275,000 -82.0% 0.1%
    AMERICAN FINANCING CORPORATION $425,000 $265,000 -37.6% 0.1%
    MID AMERICA MORTGAGE, INC. $265,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $520,000 $265,000 -49.0% 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $235,000 n/a 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $370,000 $235,000 -36.5% 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $215,000 n/a 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $215,000 n/a 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $205,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $225,000 $195,000 -13.3% 0.1%
    Discover Bank $195,000 n/a 0.1%
    PHH Mortgage Corporation $105,000 $195,000 85.7% 0.1%
    Paramount Bank $185,000 n/a 0.1%
    AXIA FINANCIAL, LLC $920,000 $175,000 -81.0% 0.1%
    Bank of the West $435,000 $175,000 -59.8% 0.1%
    M&T Bank $520,000 $175,000 -66.3% 0.1%
    PREMIER MORTGAGE RESOURCES, L.L.C. $470,000 $165,000 -64.9% 0.1%
    Watermark Capital, Inc. $245,000 $165,000 -32.7% 0.1%
    LADERA LENDING, INC. $490,000 $125,000 -74.5% 0.1%
    SPRING EQ, LLC $110,000 n/a 0.1%
    AMERICA FIRST $315,000 $100,000 -68.3% 0.0%
    REVERSE MORTGAGE FUNDING LLC $155,000 $95,000 -38.7% 0.0%
    CALCON MUTUAL MORTGAGE LLC $1,020,000 $85,000 -91.7% 0.0%
    MOUNTAIN WEST FINANCIAL, INC. $205,000 $75,000 -63.4% 0.0%
    JPMorgan Chase Bank $1,070,000 $55,000 -94.9% 0.0%
    Great Basin Federal Credit Union $35,000 n/a 0.0%
    Deseret First Credit Union $25,000 n/a 0.0%

    Fallon's top lender by overall market share is QUICKEN LOANS, LLC, with 8.9% market share. In second place, with 8.0%, is DHI MORTGAGE COMPANY, LTD., having originated $16,020,000 in loans. In third place, with 7.4%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $14,875,000 in loans. In fourth place, with 5.5%, is NAVY FEDERAL CREDIT UNION, having originated $10,920,000 in loans. In fifth place, with 5.4%, is Mortgage Research Center, LLC, having originated $10,855,000 in loans.

    Fallon, NV Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 376 $122,440,000 $325,638
    Cash Out Refi 222 $57,340,000 $258,288
    Refi 62 $12,110,000 $195,323
    Home Improvement 49 $5,025,000 $102,551
    Other 33 $3,285,000 $99,545

    Fallon's most frequently cited loan purpose was Home Purchase, with 376 originations. The 2nd most popular reason was Cash Out Refi, with 222 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 229 $72,145,000 $315,044
    3-4% 185 $49,165,000 $265,757
    5-6% 140 $39,600,000 $282,857
    6-7% 74 $16,500,000 $222,973
    2.5-3% 49 $14,155,000 $288,878
    <2.5% 27 $3,835,000 $142,037
    Over 8% 21 $1,935,000 $92,143
    7-8% 15 $2,515,000 $167,667

    During 2022, Fallon's most frequently originated rate bucket was 4-5%, with 229 originations.

    Loan Sizing (Fallon, NV MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 430 $127,350,000 $296,163
    $100k-200k 145 $22,155,000 $152,793
    $100,000 or less 85 $4,525,000 $53,235
    $400k-600k 75 $34,325,000 $457,667
    $600k-1000k 5 $3,105,000 $621,000
    $Over $1MM 2 $8,740,000 $4,370,000

    Fallon's loan sizing saw the bucket of loans from $200k-400k with 430 originations, totaling $127,350,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 281 $95,545,000 $340,018
    60-80% 179 $48,805,000 $272,654
    40-60% 100 $28,580,000 $285,800
    20-40% 73 $9,675,000 $132,534
    Under 20% 65 $3,045,000 $46,846
    Over 100% 36 $12,790,000 $355,278

    Fallon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 281 originations, totaling $95,545,000 in origination value.