FARMINGTON Mortgage Rates

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

30 Year Fixed Rate mortgages in Farmington averaged 5.84% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.85% and one month ago for the week of 2022-05-26, the average rate was 5.14%.

Farmington's average rate one year ago was 3.43%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.93%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Farmington 30 Year Fixed Rate 2022-06-30 5.84%
Farmington 30 Year Fixed Rate Refi 2022-06-30 5.93%
Farmington 15 Year Fixed Rate 2022-06-30 8.28%
Farmington 15 Year Fixed Rate Refi 2022-06-30 4.92%
Farmington 30 Year FHA 2022-06-30 5.64%
Farmington 30 Year FHA Refi 2022-06-30 5.71%
Farmington 30 Year USDA 2022-06-30 5.54%
Farmington 30 Year USDA Refi 2022-06-30 5.64%
Farmington 30 Year VA 2022-06-30 5.93%
Farmington 30 Year VA Refi 2022-06-30 5.12%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FARMINGTON, NM.

FARMINGTON Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the FARMINGTON, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 119 3.11% $4,853
Waterstone Mortgage Corporation 106 3.31% $4,301
UNITED WHOLESALE MORTGAGE, LLC 87 3.03% $3,489
AMCAP MORTGAGE, LTD. 82 3.28% $4,387
LEGACY MORTGAGE LLC 52 3.38% $4,344
BROKER SOLUTIONS, INC. 42 3.07% $4,046
Wells Fargo Bank 35 3.30% $3,681
MORTGAGE SOLUTIONS OF COLORADO, LLC 34 3.22% $5,089
LOANDEPOT.COM, LLC 24 3.25% $5,144
GUILD MORTGAGE COMPANY 23 3.16% $4,757
CORNERSTONE HOME LENDING, INC. 22 3.38% $3,779
AMERISAVE MORTGAGE CORPORATION 18 2.92% $5,312
MICHIGAN MUTUAL, INC. 17 3.52% $4,973
AMERICAN FINANCING CORPORATION 14 3.09% $4,105
STEARNS LENDING, LLC 14 2.89% $3,841
BETTER MORTGAGE CORPORATION 11 2.83% $3,691
ACADEMY MORTGAGE CORPORATION 10 3.35% $4,354
U.S. Bank 9 3.32% $3,182
V.I.P. MORTGAGE, INC. 9 3.31% $3,927
Zions Bancorporation, N.A. 8 3.00% $2,388
KELLER MORTGAGE, LLC 8 3.33% $2,791
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 3.53% $5,780
Bank of America 7 2.75% $3,941
SANDIA LABORATORY 7 3.05% $2,793
FREEDOM MORTGAGE CORPORATION 6 2.94% $1,971
PENNYMAC LOAN SERVICES, LLC 6 3.23% $5,726
NEWREZ LLC 6 2.87% $3,606
Bank of Colorado 6 3.15% $4,137
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 3.52% $4,126
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 3.68% $3,187
Washington Federal Bank 5 3.43% $6,349
Century Mortgage Company DBA Century Lending Company 5 3.42% $3,133
Mr. Cooper ( Nationstar Mortgage ) 5 3.25% $5,165
First Guaranty Mortgage Corporation 4 3.09% $4,639
FIRST COMMUNITY MORTGAGE, INC. 4 2.63% $5,729
GUARANTEED RATE, INC. 4 2.87% $2,744
MID AMERICA MORTGAGE, INC. 4 3.06% $3,819
STARBOARD FINANCIAL MANAGEMENT, LLC 3 3.50% $3,301
Carrington Mortgage Services, LLC 3 3.29% $4,233
MOUNTAIN AMERICA 3 3.33% $3,797
CALIBER HOME LOANS, INC. 3 3.37% $3,869
BAY EQUITY LLC 3 3.04% $2,779
NAVY FEDERAL CREDIT UNION 3 3.67% $6,192
NUSENDA 3 3.46% $2,779
CHURCHILL MORTGAGE CORPORATION 3 3.12% $4,061
Flanagan State Bank 3 3.04% $2,565
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.12% $4,652
Nations Lending Corporation 2 3.44% $9,711
Ally Bank 2 2.94% $2,769
AMERICAN FINANCIAL RESOURCES, INC. 2 4.19% $6,532
BOKF 2 3.13% $2,426
FINANCE OF AMERICA MORTGAGE LLC 2 3.25% $4,720
Financial Funding Solutions, Inc. 2 3.44% $4,265
Flagstar Bank, FSB 2 2.85% $4,045
HOME POINT FINANCIAL CORPORATION 2 3.62% $3,875
InterContinental Capital Group, Inc 2 3.00% $4,191
JPMorgan Chase Bank 2 3.13% $3,921
Loan Simple, Inc. 2 3.12% $4,399
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.38% $3,686
PLAZA HOME MORTGAGE, INC. 2 3.13% $2,319
RESIDENTIAL BANCORP. 2 3.00% $6,119
ROYAL UNITED MORTGAGE LLC 2 3.63% $6,034
The Central Trust Bank 2 3.31% $3,597
UNION HOME MORTGAGE CORP. 2 2.75% $4,526
First Savings Bank 1 2.38% $9,794
First Federal Bank of Kansas City 1 2.63% $2,281
MORIA DEVELOPMENT, INC. 1 3.38% $4,798
Mortgage Research Center, LLC 1 2.75% $3,986
First Federal Bank 1 3.50% $4,908
First Bank & Trust 1 2.75% $7,443
EVERETT FINANCIAL, INC. 1 3.25% $2,105
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $9,997
DIRECT MORTGAGE, CORP. 1 2.88% $2,870
Deseret First Credit Union 1 3.38% $5,999
CROSSCOUNTRY MORTGAGE, LLC 1 2.99% $4,848
North American Savings Bank, F.S.B. 1 2.88% $154
Northpointe Bank 1 3.13% $1,801
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.63% $7,713
OCMBC, INC. 1 2.50% $5,155
CMG MORTGAGE, INC. 1 3.25% $5,579
PHH Mortgage Corporation 1 4.50% $5,210
Plains Commerce Bank 1 3.38% $1,860
PLANET HOME LENDING, LLC 1 3.13% $2,111
AmeriHome Mortgage Company, LLC 1 3.25% $3,337
PNC Bank 1 3.00% $3,226
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.75% $3,825
Citizens Bank 1 2.25% $5,173
Chickasaw Community Bank 1 3.00% $3,684
Quontic Bank 1 5.50% $11,129
RANLIFE, INC. 1 3.25% $3,332
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.25% $2,708
Wyndham Capital Mortgage, Inc. 1 2.63% $1,470
S1L, Inc. 1 2.75% $2,807
CHERRY CREEK MORTGAGE, LLC 1 3.75% $1,175
SIRVA MORTGAGE, INC. 1 2.75% $1,285
CELEBRITY HOME LOANS, LLC 1 3.25% $4,891
State Department Federal Credit Union 1 2.88% $5,153
CANOPY MORTGAGE, LLC 1 3.25% $8,608
SunWest Credit Union 1 2.75% $4,958
ZILLOW HOME LOANS, LLC 1 3.13% $5,317
The Federal Savings Bank 1 3.63% $7,309
TOP FLITE FINANCIAL, INC. 1 3.50% $4,182
Truist Bank 1 3.99% $3,434
Truity Federal Credit Union 1 3.13% $1,058
AMERICAN FINANCIAL NETWORK, INC. 1 2.88% $5,444
Bell Bank 1 3.13% $2,368
USAA Federal Savings Bank 1 3.00% $4,542
BBVA USA 1 3.50% $4,407
Arvest Bank 1 3.50% $3,237
LAKEVIEW LOAN SERVICING, LLC 1 3.50% $2,764
HOMESIDE FINANCIAL, LLC 1 3.12% $4,183
Gateway First Bank 1 3.38% $3,319
Wallick & Volk, Inc. 1 3.63% $5,998
Magnolia Bank 1 3.38% $4,142
MANN FINANCIAL INC. 1 3.38% $4,666
Manufacturers and Traders Trust Company 1 3.38% $3,637

FARMINGTON, NM's 116 lenders originated 2,745 loans during 2021. The total origination value was $511,205,000, with an average loan value of $186,231.

The top FARMINGTON lender as defined by loan originations is QUICKEN LOANS, LLC, with 119 loans originated. Their average total fees are $4,853, which is $552 higher than the next largest lender, Waterstone Mortgage Corporation.

The lowest fee FARMINGTON lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($3,489), Wells Fargo Bank ($3,681), BETTER MORTGAGE CORPORATION ($3,691), CORNERSTONE HOME LENDING, INC. ($3,779) and STEARNS LENDING, LLC ($3,841).

The lowest rate FARMINGTON lenders (with over 10 loans originated) are BETTER MORTGAGE CORPORATION (2.83%), STEARNS LENDING, LLC (2.89%), AMERISAVE MORTGAGE CORPORATION (2.92%), UNITED WHOLESALE MORTGAGE, LLC (3.03%) and BROKER SOLUTIONS, INC. (3.07%).

FARMINGTON, NM Lender 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 $50,275,000 $55,465,000 10.3% 10.8%
Waterstone Mortgage Corporation $61,385,000 $52,715,000 -14.1% 10.3%
AMCAP MORTGAGE, LTD. $5,030,000 $39,420,000 683.7% 7.7%
UNITED WHOLESALE MORTGAGE, LLC $29,210,000 $33,630,000 15.1% 6.6%
FREEDOM MORTGAGE CORPORATION $24,080,000 $25,730,000 6.9% 5.0%
LEGACY MORTGAGE LLC $14,265,000 $19,115,000 34.0% 3.7%
GUILD MORTGAGE COMPANY $14,470,000 $16,370,000 13.1% 3.2%
BROKER SOLUTIONS, INC. $3,175,000 $15,800,000 397.6% 3.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $60,570,000 $14,640,000 -75.8% 2.9%
Mortgage Research Center, LLC $5,420,000 $12,125,000 123.7% 2.4%
Wells Fargo Bank $6,785,000 $12,095,000 78.3% 2.4%
LOANDEPOT.COM, LLC $9,080,000 $11,360,000 25.1% 2.2%
Bank of Colorado $845,000 $10,360,000 1,126.0% 2.0%
CORNERSTONE HOME LENDING, INC. $8,755,000 $9,535,000 8.9% 1.9%
MID AMERICA MORTGAGE, INC. $4,205,000 $8,900,000 111.7% 1.7%
PENNYMAC LOAN SERVICES, LLC $2,595,000 $7,640,000 194.4% 1.5%
AMERISAVE MORTGAGE CORPORATION $4,715,000 $6,625,000 40.5% 1.3%
Mr. Cooper ( Nationstar Mortgage ) $5,300,000 $6,135,000 15.8% 1.2%
LAKEVIEW LOAN SERVICING, LLC $1,635,000 $5,815,000 255.7% 1.1%
Zions Bancorporation, N.A. $5,420,000 $5,595,000 3.2% 1.1%
MICHIGAN MUTUAL, INC. $2,960,000 $5,290,000 78.7% 1.0%
BETTER MORTGAGE CORPORATION $920,000 $4,740,000 415.2% 0.9%
NEWREZ LLC $1,425,000 $4,695,000 229.5% 0.9%
AMERICAN FINANCING CORPORATION $2,420,000 $4,280,000 76.9% 0.8%
21ST MORTGAGE CORPORATION $6,830,000 $3,725,000 -45.5% 0.7%
ACADEMY MORTGAGE CORPORATION $2,900,000 $3,545,000 22.2% 0.7%
U.S. Bank $1,745,000 $3,520,000 101.7% 0.7%
STEARNS LENDING, LLC $6,610,000 $3,510,000 -46.9% 0.7%
Washington Federal Bank $2,830,000 $3,475,000 22.8% 0.7%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $3,295,000 n/a 0.6%
Bank of America $1,370,000 $3,070,000 124.1% 0.6%
VILLAGE CAPITAL & INVESTMENT LLC $2,405,000 $2,930,000 21.8% 0.6%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,425,000 $2,870,000 101.4% 0.6%
NAVY FEDERAL CREDIT UNION $1,780,000 $2,810,000 57.9% 0.5%
First Guaranty Mortgage Corporation $1,375,000 $2,805,000 104.0% 0.5%
U.S. EAGLE $620,000 $2,600,000 319.4% 0.5%
V.I.P. MORTGAGE, INC. $2,525,000 n/a 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $4,315,000 $2,495,000 -42.2% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $625,000 $2,350,000 276.0% 0.5%
CALIBER HOME LOANS, INC. $2,745,000 $2,345,000 -14.6% 0.5%
SANDIA LABORATORY $2,305,000 n/a 0.5%
FIRST COMMUNITY MORTGAGE, INC. $2,985,000 $1,970,000 -34.0% 0.4%
Century Mortgage Company DBA Century Lending Company $1,835,000 n/a 0.4%
JPMorgan Chase Bank $2,325,000 $1,825,000 -21.5% 0.4%
NEW DAY FINANCIAL, LLC $1,465,000 $1,825,000 24.6% 0.4%
PLANET HOME LENDING, LLC $3,200,000 $1,780,000 -44.4% 0.3%
Carrington Mortgage Services, LLC $2,090,000 $1,745,000 -16.5% 0.3%
KELLER MORTGAGE, LLC $2,205,000 $1,745,000 -20.9% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $895,000 $1,615,000 80.4% 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,550,000 $1,530,000 -1.3% 0.3%
Alpine Bank $1,510,000 n/a 0.3%
Flanagan State Bank $925,000 $1,490,000 61.1% 0.3%
CHURCHILL MORTGAGE CORPORATION $615,000 $1,470,000 139.0% 0.3%
Nations Lending Corporation $640,000 $1,350,000 110.9% 0.3%
USAA Federal Savings Bank $3,960,000 $1,340,000 -66.2% 0.3%
PLAZA HOME MORTGAGE, INC. $1,865,000 $1,320,000 -29.2% 0.3%
The Federal Savings Bank $2,325,000 $1,310,000 -43.7% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,430,000 $1,305,000 -8.7% 0.3%
CLEARPATH LENDING $1,405,000 $1,290,000 -8.2% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $970,000 $1,275,000 31.4% 0.2%
Flagstar Bank, FSB $775,000 $1,260,000 62.6% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $1,250,000 n/a 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $920,000 $1,215,000 32.1% 0.2%
Ally Bank $620,000 $1,160,000 87.1% 0.2%
SOVEREIGN LENDING GROUP INCORPORATED $265,000 $1,090,000 311.3% 0.2%
CANOPY MORTGAGE, LLC $590,000 $1,035,000 75.4% 0.2%
First Bank & Trust $835,000 $1,025,000 22.8% 0.2%
GUARANTEED RATE, INC. $1,655,000 $1,025,000 -38.1% 0.2%
NUSENDA $270,000 $965,000 257.4% 0.2%
HOME POINT FINANCIAL CORPORATION $1,565,000 $940,000 -39.9% 0.2%
RELIANCE FIRST CAPITAL, LLC $710,000 $850,000 19.7% 0.2%
MOUNTAIN AMERICA $805,000 $820,000 1.9% 0.2%
Barrington Bank & Trust Company, N.A. $860,000 $810,000 -5.8% 0.2%
Low VA Rates, LLC $585,000 $810,000 38.5% 0.2%
BAY EQUITY LLC $470,000 $790,000 68.1% 0.2%
Gateway First Bank $990,000 $755,000 -23.7% 0.1%
Loan Simple, Inc. $515,000 $690,000 34.0% 0.1%
InterContinental Capital Group, Inc $180,000 $680,000 277.8% 0.1%
Mid-Continent Funding, Inc. $115,000 $680,000 491.3% 0.1%
BOKF $1,310,000 $655,000 -50.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $415,000 $625,000 50.6% 0.1%
PNC Bank $305,000 $600,000 96.7% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $1,715,000 $595,000 -65.3% 0.1%
SIRVA MORTGAGE, INC. $590,000 n/a 0.1%
The Central Trust Bank $900,000 $585,000 -35.0% 0.1%
Chickasaw Community Bank $440,000 $575,000 30.7% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $3,010,000 $575,000 -80.9% 0.1%
CALCON MUTUAL MORTGAGE LLC $885,000 $545,000 -38.4% 0.1%
CHERRY CREEK MORTGAGE, LLC $545,000 n/a 0.1%
Northpointe Bank $155,000 $470,000 203.2% 0.1%
RESIDENTIAL BANCORP. $465,000 n/a 0.1%
Prime Choice Funding Inc. $255,000 $460,000 80.4% 0.1%
ROYAL UNITED MORTGAGE LLC $260,000 $450,000 73.1% 0.1%
UNION HOME MORTGAGE CORP. $3,035,000 $450,000 -85.2% 0.1%
Wallick & Volk, Inc. $440,000 n/a 0.1%
STARBOARD FINANCIAL MANAGEMENT, LLC $115,000 $435,000 278.3% 0.1%
LONGBRIDGE FINANCIAL, LLC $430,000 n/a 0.1%
ACCELERATE MORTGAGE, LLC $805,000 $410,000 -49.1% 0.1%
CELEBRITY HOME LOANS, LLC $405,000 n/a 0.1%
North American Savings Bank, F.S.B. $395,000 n/a 0.1%
Truist Bank $825,000 $395,000 -52.1% 0.1%
Financial Funding Solutions, Inc. $235,000 $390,000 66.0% 0.1%
HOMESIDE FINANCIAL, LLC $355,000 $385,000 8.5% 0.1%
Deseret First Credit Union $135,000 $375,000 177.8% 0.1%
Sunflower Bank $170,000 $370,000 117.6% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $365,000 n/a 0.1%
Magnolia Bank $360,000 n/a 0.1%
AMERICAN ADVISORS GROUP $110,000 $345,000 213.6% 0.1%
Truity Federal Credit Union $345,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $345,000 n/a 0.1%
First Federal Bank $340,000 n/a 0.1%
First Savings Bank $315,000 n/a 0.1%
DIRECT MORTGAGE, CORP. $305,000 n/a 0.1%
Merchants Bank of Indiana $295,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $535,000 $295,000 -44.9% 0.1%
EMBRACE HOME LOANS, INC. $285,000 $285,000 0.0% 0.1%
FirstBank $285,000 n/a 0.1%
GENEVA FINANCIAL, LLC $280,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $795,000 $280,000 -64.8% 0.1%
Bell Bank $245,000 $275,000 12.2% 0.1%
PHH Mortgage Corporation $185,000 $260,000 40.5% 0.1%
First Federal Bank of Kansas City $255,000 n/a 0.0%
NBKC BANK $255,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $245,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $390,000 $245,000 -37.2% 0.0%
MORIA DEVELOPMENT, INC. $235,000 n/a 0.0%
SPRING EQ, LLC $235,000 n/a 0.0%
BBVA USA $225,000 n/a 0.0%
MANN FINANCIAL INC. $225,000 n/a 0.0%
Quontic Bank $225,000 n/a 0.0%
Citizens Bank $185,000 $215,000 16.2% 0.0%
JAMES B. NUTTER & COMPANY $215,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $415,000 $215,000 -48.2% 0.0%
Florida Capital Bank $115,000 $205,000 78.3% 0.0%
UNIVERSAL LENDING CORPORATION $205,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $195,000 n/a 0.0%
CMG MORTGAGE, INC. $695,000 $185,000 -73.4% 0.0%
OCMBC, INC. $185,000 n/a 0.0%
SunWest Credit Union $185,000 n/a 0.0%
United Fidelity Funding Corp. $185,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $175,000 n/a 0.0%
ATHAS CAPITAL GROUP, INC. $175,000 n/a 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $505,000 $175,000 -65.3% 0.0%
FIRST TECHNOLOGY $175,000 n/a 0.0%
Willamette Valley Bank $175,000 n/a 0.0%
Equity Prime Mortgage LLC $165,000 n/a 0.0%
First National Bank Texas $185,000 $165,000 -10.8% 0.0%
Chicago Mortgage Solutions LLC $155,000 n/a 0.0%
SOUTHWEST FUNDING, LP $155,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $550,000 $155,000 -71.8% 0.0%
State Department Federal Credit Union $155,000 n/a 0.0%
AMERICAN INTERNET MORTGAGE, INC. $1,055,000 $145,000 -86.3% 0.0%
Arvest Bank $145,000 n/a 0.0%
NBH Bank $145,000 n/a 0.0%
Manufacturers and Traders Trust Company $330,000 $135,000 -59.1% 0.0%
OPEN MORTGAGE, LLC $75,000 $135,000 80.0% 0.0%
Plains Commerce Bank $1,730,000 $135,000 -92.2% 0.0%
EVERETT FINANCIAL, INC. $395,000 $125,000 -68.4% 0.0%
REVERSE MORTGAGE FUNDING LLC $125,000 n/a 0.0%
RANLIFE, INC. $530,000 $115,000 -78.3% 0.0%
S1L, Inc. $115,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $115,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $105,000 n/a 0.0%
Watermark Capital, Inc. $105,000 n/a 0.0%
ARC HOME LLC $255,000 $95,000 -62.7% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $85,000 n/a 0.0%
Figure Lending LLC $85,000 n/a 0.0%
Kirtland Federal Credit Union $60,000 n/a 0.0%
Colonial Savings, F.A. $415,000 $55,000 -86.7% 0.0%

FARMINGTON's top lender by overall market share is QUICKEN LOANS, LLC, with 10.8% market share. In second place, with 10.3%, is Waterstone Mortgage Corporation, having originated $52,715,000 in loans. In third place, with 7.7%, is AMCAP MORTGAGE, LTD., having originated $39,420,000 in loans. In third place, with 6.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $33,630,000 in loans. In third place, with 5.0%, is FREEDOM MORTGAGE CORPORATION, having originated $25,730,000 in loans.


FARMINGTON, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,379 $249,185,000 $180,700
Refi 1,020 $199,840,000 $195,922
Cash Out Refi 291 $52,785,000 $181,392
Other 30 $3,880,000 $129,333
Home Improvement 24 $2,220,000 $92,500
NA 1 $3,295,000 $3,295,000

Farmington's most frequently cited loan purpose was Home Purchase, with 1,379 originations. The 2nd most popular reason was Refi, with 1,020 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,007 $199,005,000 $197,622
3-4% 994 $197,060,000 $198,249
<2.5% 463 $89,865,000 $194,093
5-6% 126 $1,680,000 $13,333
4-5% 75 $12,585,000 $167,800
Over 8% 40 $2,940,000 $73,500
6-7% 13 $1,405,000 $108,077
7-8% 9 $735,000 $81,667

During 2021, Farmington's most frequently originated rate bucket was 2.5-3%, with 1,007 originations.

Loan Sizing (FARMINGTON, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,366 $208,010,000 $152,277
$200k-400k 933 $243,085,000 $260,541
$100,000 or less 377 $17,045,000 $45,212
$400k-600k 62 $29,480,000 $475,484
$600k-1000k 4 $2,780,000 $695,000
$Over $1MM 3 $10,805,000 $3,601,667

FARMINGTON's loan sizing saw the bucket of loans from $100k-200k with 1,366 originations, totaling $208,010,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,343 $279,195,000 $207,889
60-80% 715 $138,715,000 $194,007
40-60% 233 $37,595,000 $161,352
Under 20% 178 $1,980,000 $11,124
20-40% 45 $4,365,000 $97,000
Over 100% 36 $9,480,000 $263,333

FARMINGTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,343 originations, totaling $279,195,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - FARMINGTON (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 $208,250 (-0.6%) $247,828 (-1.1%) 0.00 484
2018-02-01 $204,944 (-2.2%) $243,976 (-3.1%) 0.00 478
2018-03-01 $204,900 (-3.4%) $245,747 (-2.2%) 0.00 486
2018-04-01 $199,900 (-8.3%) $244,902 (-5.0%) 0.00 522
2018-05-01 $200,000 (-7.8%) $249,260 (-3.3%) 0.00 538
2018-06-01 $209,000 (-2.8%) $250,784 (-2.0%) 0.00 549
2018-07-01 $209,894 (-2.8%) $250,452 (-3.3%) 0.00 533
2018-08-01 $210,000 (0.0%) $253,146 (-0.9%) 0.00 530
2018-09-01 $212,000 (0.5%) $258,741 (0.9%) 0.00 524
2018-10-01 $209,000 (-0.5%) $254,449 (-0.5%) 0.00 542
2018-11-01 $209,450 (0.5%) $253,558 (-0.3%) 0.00 519
2018-12-01 $214,900 (7.5%) $253,463 (1.5%) 0.00 487
2019-01-01 $215,000 (3.2%) $252,944 (2.1%) 0.00 447
2019-02-01 $210,000 (2.5%) $248,766 (2.0%) 0.00 456
2019-03-01 $217,036 (5.9%) $256,473 (4.4%) 0.00 458
2019-04-01 $219,950 (10.0%) $265,742 (8.5%) 0.00 458
2019-05-01 $220,200 (10.1%) $264,712 (6.2%) 0.00 467
2019-06-01 $220,000 (5.3%) $264,630 (5.5%) 0.00 488
2019-07-01 $219,900 (4.8%) $263,429 (5.2%) 0.00 514
2019-08-01 $219,999 (4.8%) $264,051 (4.3%) 0.00 504
2019-09-01 $220,000 (3.8%) $264,787 (2.3%) 0.00 492
2019-10-01 $218,000 (4.3%) $260,007 (2.2%) 0.00 488
2019-11-01 $215,500 (2.9%) $261,214 (3.0%) 0.00 437
2019-12-01 $218,000 (1.4%) $264,214 (4.2%) 0.00 402
2020-01-01 $211,000 (-1.9%) $262,004 (3.6%) 0.00 369
2020-02-01 $209,900 (-0.1%) $260,212 (4.6%) 0.00 385
2020-03-01 $210,000 (-3.2%) $259,442 (1.2%) 0.00 397
2020-04-01 $215,000 (-2.3%) $266,256 (0.2%) 0.00 391
2020-05-01 $219,500 (-0.3%) $271,775 (2.7%) 0.00 365
2020-06-01 $210,000 (-4.6%) $262,726 (-0.7%) 0.00 356
2020-07-01 $215,000 (-2.2%) $260,318 (-1.2%) 0.00 378
2020-08-01 $210,000 (-4.6%) $257,280 (-2.6%) 0.00 375
2020-09-01 $206,000 (-6.4%) $261,743 (-1.2%) 0.00 338
2020-10-01 $209,900 (-3.7%) $268,862 (3.4%) 0.00 316
2020-11-01 $207,825 (-3.6%) $262,304 (0.4%) 0.00 292
2020-12-01 $206,375 (-5.3%) $258,085 (-2.3%) 0.00 275
2021-01-01 $205,750 (-2.5%) $256,470 (-2.1%) 0.00 248
2021-02-01 $210,000 (0.1%) $265,129 (1.9%) 0.00 255
2021-03-01 $217,450 (3.6%) $263,195 (1.5%) 0.00 238
2021-04-01 $213,250 (-0.8%) $268,429 (0.8%) 0.00 205
2021-05-01 $224,000 (2.1%) $295,448 (8.7%) 0.00 213
2021-06-01 $222,000 (5.7%) $317,423 (20.8%) 0.00 202
2021-07-01 $225,000 (4.7%) $327,186 (25.7%) 0.00 202
2021-08-01 $229,000 (9.1%) $332,205 (29.1%) 0.00 214
2021-09-01 $229,750 (11.5%) $328,335 (25.4%) 0.00 220
2021-10-01 $242,000 (15.3%) $358,908 (33.5%) 0.00 197
2021-11-01 $251,950 (21.2%) $354,966 (35.3%) 0.00 185
2021-12-01 $268,500 (30.1%) $362,657 (40.5%) 0.00 164
2022-01-01 $279,900 (36.0%) $369,995 (44.3%) 0.00 120
2022-02-01 $272,450 (29.7%) $369,874 (39.5%) 0.00 114
2022-03-01 $263,000 (21.0%) $353,576 (34.3%) 0.00 118
2022-04-01 $299,900 (40.6%) $409,287 (52.5%) 0.00 117
2022-05-01 $317,450 (41.7%) $429,518 (45.4%) 0.00 108
2022-06-01 $315,000 (41.9%) $403,491 (27.1%) 0.00 143
FARMINGTON's median listing price for 2022-06-01 was $315,000, a difference of $93,000 (41.9%) versus the prior year and $-2,450 versus the prior month.

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

FARMINGTON's average listing price for 2022-06-01 was $403,491, a difference of $86,068 (27.1%) versus the prior year and $-26,027 versus the prior month.

For the 2022-06-01 period, FARMINGTON had 143 MLS listings, a difference of 35 listings (32%) versus the prior month and -59 listings (-29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - FARMINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,814 sqft
2018-02-01 0 days 1,796 sqft
2018-03-01 0 days 1,805 sqft
2018-04-01 0 days 1,791 sqft
2018-05-01 0 days 1,819 sqft
2018-06-01 0 days 1,872 sqft
2018-07-01 0 days 1,867 sqft
2018-08-01 0 days 1,888 sqft
2018-09-01 0 days 1,901 sqft
2018-10-01 0 days 1,891 sqft
2018-11-01 0 days 1,900 sqft
2018-12-01 0 days 1,905 sqft
2019-01-01 0 days 1,882 sqft
2019-02-01 0 days 1,829 sqft
2019-03-01 0 days 1,856 sqft
2019-04-01 0 days 1,894 sqft
2019-05-01 0 days 1,894 sqft
2019-06-01 0 days 1,896 sqft
2019-07-01 0 days 1,887 sqft
2019-08-01 0 days 1,889 sqft
2019-09-01 0 days 1,882 sqft
2019-10-01 0 days 1,848 sqft
2019-11-01 0 days 1,857 sqft
2019-12-01 0 days 1,899 sqft
2020-01-01 0 days 1,908 sqft
2020-02-01 0 days 1,854 sqft
2020-03-01 0 days 1,827 sqft
2020-04-01 0 days 1,858 sqft
2020-05-01 0 days 1,927 sqft
2020-06-01 0 days 1,872 sqft
2020-07-01 0 days 1,869 sqft
2020-08-01 0 days 1,794 sqft
2020-09-01 0 days 1,783 sqft
2020-10-01 0 days 1,820 sqft
2020-11-01 0 days 1,804 sqft
2020-12-01 0 days 1,732 sqft
2021-01-01 0 days 1,712 sqft
2021-02-01 0 days 1,849 sqft
2021-03-01 0 days 1,855 sqft
2021-04-01 0 days 1,806 sqft
2021-05-01 0 days 1,800 sqft
2021-06-01 0 days 1,803 sqft
2021-07-01 0 days 1,763 sqft
2021-08-01 0 days 1,768 sqft
2021-09-01 0 days 1,782 sqft
2021-10-01 0 days 1,875 sqft
2021-11-01 0 days 1,904 sqft
2021-12-01 0 days 1,961 sqft
2022-01-01 0 days 1,990 sqft
2022-02-01 0 days 1,972 sqft
2022-03-01 0 days 1,878 sqft
2022-04-01 0 days 2,008 sqft
2022-05-01 0 days 2,060 sqft
2022-06-01 0 days 2,052 sqft
FARMINGTON's median listing age (time on market) for 2022-06-01 was 0 days.

FARMINGTON's median square footage for active listings during the 2022-06-01 period was 2,052 sqft. One year prior, the average listing was 1,803 sqft.