FARMINGTON Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Farmington averaged 6.91% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 6.96% and one month ago for the week of 2025-04-17, the average rate was 7.28%.

    Farmington's average rate one year ago was 7.47%.

    For refis of the same type during the week of 2025-05-22, the average rate was 7.46%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Farmington 30 Year Fixed Rate 2025-05-22 6.91%
    Farmington 30 Year Fixed Rate Refi 2025-05-22 7.46%
    Farmington 15 Year Fixed Rate 2025-05-22 6.11%
    Farmington 15 Year Fixed Rate Refi 2025-05-22 6.21%
    Farmington 30 Year FHA 2025-05-22 6.55%
    Farmington 30 Year FHA Refi 2025-05-22 6.61%
    Farmington 30 Year USDA 2025-05-22 6.53%
    Farmington 30 Year USDA Refi 2025-05-22 6.63%
    Farmington 30 Year VA 2025-05-22 6.69%
    Farmington 30 Year VA Refi 2025-05-22 6.32%
    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 lender, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 50 6.66% $7,155
    V.I.P. MORTGAGE, INC. 43 6.96% $6,705
    UNITED WHOLESALE MORTGAGE, LLC 41 6.81% $6,912
    GUILD MORTGAGE COMPANY 29 7.00% $6,837
    CORNERSTONE HOME LENDING, INC. 20 6.88% $6,158
    Waterstone Mortgage Corporation 16 7.09% $7,248
    Wells Fargo Bank 10 6.86% $7,677
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 7.45% $8,549
    CROSSCOUNTRY MORTGAGE, LLC 8 7.22% $5,356
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 7.09% $6,179
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.14% $4,480
    Century Mortgage Company DBA Century Lending Company 6 6.87% $6,399
    SANDIA LABORATORY 5 6.53% $2,308
    MICHIGAN MUTUAL, INC. 4 6.97% $6,363
    21ST MORTGAGE CORPORATION 3 8.86% $5,640
    AMERICAN FINANCING CORPORATION 3 6.12% $8,232
    NAVY FEDERAL CREDIT UNION 3 6.54% $5,118
    Mr. Cooper ( Nationstar Mortgage ) 3 7.75% $11,490
    LOANDEPOT.COM, LLC 3 6.91% $8,352
    JPMorgan Chase Bank 3 6.75% $4,474
    Zions Bank 2 7.19% $6,150
    GUARANTEED RATE, INC. 2 6.44% $6,440
    Northpointe Bank 2 6.68% $4,087
    MOVEMENT MORTGAGE, LLC 1 6.99% $5,299
    Nations Lending Corporation 1 6.38% $10,098
    NBKC BANK 1 6.38% $2,075
    NEWREZ LLC 1 6.50% $8,695
    NUSENDA 1 5.38% $4,398
    PENNYMAC LOAN SERVICES, LLC 1 6.50% $5,976
    PNC Bank 1 6.88% $1,749
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.63% $6,125
    RANLIFE, INC. 1 8.00% $7,783
    RESIDENTIAL BANCORP 1 7.13% $6,943
    STAR ONE CREDIT UNION 1 6.88% $2,222
    Stifel Bank and Trust 1 6.13% $3,245
    SWBC MORTGAGE CORPORATION 1 6.63% $4,018
    The Central Trust Bank 1 7.13% $2,595
    The Federal Savings Bank 1 6.88% $2,789
    Truist 1 7.13% $4,889
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.99% $7,420
    Washington Federal Bank 1 7.00% $10,478
    Wilmington Savings Fund Society, FSB 1 6.38% $8,639
    UNION HOME MORTGAGE CORP. 1 7.63% $5,741
    AMERISAVE MORTGAGE CORPORATION 1 7.50% $5,547
    Bank of America 1 6.38% $5,600
    Bank of Colorado 1 7.63% $5,117
    BAY EQUITY LLC 1 6.88% $6,674
    BELEM SERVICING LLC 1 6.63% $5,053
    BETTER MORTGAGE CORPORATION 1 6.00% $8,309
    BROKER SOLUTIONS, INC. 1 7.13% $6,464
    CALCON MUTUAL MORTGAGE LLC 1 7.13% $5,215
    Charles Schwab Bank, SSB 1 6.80% $3,774
    CMG MORTGAGE, INC. 1 6.99% $9,620
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.25% $8,196
    DEEPHAVEN MORTGAGE LLC 1 11.25% $19,462
    DIRECTORS MORTGAGE, INC. 1 7.13% $12,434
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.38% $3,976
    Farm Credit Mid-America, ACA 1 6.75% $13,680
    FIRST COLONY MORTGAGE CORPORATION 1 6.13% $9,354
    First Federal Bank 1 7.38% $3,788
    Gateway First Bank 1 6.63% $6,166
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $68
    HOMETRUST MORTGAGE COMPANY 1 7.38% $10,065
    Morgan Stanley Private Bank 1 6.30% $3,870
    Mortgage Research Center, LLC 1 6.13% $1,989

    FARMINGTON Average Closing Costs & Other Stats

    FARMINGTON, NM's 65 lenders originated 1,426 loans during 2024. The total origination value was $278,420,000, with an average loan value of $195,245.

    FARMINGTON's average closing costs are $6,192.

    The top FARMINGTON lender as defined by loan originations is QUICKEN LOANS, LLC, with 50 loans originated. Their average total fees are $7,155, which is $450 higher than the next largest lender, V.I.P. MORTGAGE, INC..

    The lowest fee FARMINGTON lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. ($6,158), V.I.P. MORTGAGE, INC. ($6,705), GUILD MORTGAGE COMPANY ($6,837), UNITED WHOLESALE MORTGAGE, LLC ($6,912) and QUICKEN LOANS, LLC ($7,155).

    The lowest rate FARMINGTON lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.66%), UNITED WHOLESALE MORTGAGE, LLC (6.81%), Wells Fargo Bank (6.86%), CORNERSTONE HOME LENDING, INC. (6.88%) and V.I.P. MORTGAGE, INC. (6.96%).

    FARMINGTON, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    UNITED WHOLESALE MORTGAGE, LLC $14,555,000 $25,465,000 75.0% 9.1%
    QUICKEN LOANS, LLC $14,595,000 $22,065,000 51.2% 7.9%
    V.I.P. MORTGAGE, INC. $290,000 $21,375,000 7,270.7% 7.7%
    GUILD MORTGAGE COMPANY $15,625,000 $19,245,000 23.2% 6.9%
    CORNERSTONE HOME LENDING, INC. $27,480,000 $18,685,000 -32.0% 6.7%
    The Citizens Bank $10,285,000 $16,010,000 55.7% 5.8%
    Waterstone Mortgage Corporation $7,760,000 $15,920,000 105.2% 5.7%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $12,495,000 $13,550,000 8.4% 4.9%
    Mortgage Research Center, LLC $8,210,000 $9,245,000 12.6% 3.3%
    21ST MORTGAGE CORPORATION $4,575,000 $6,920,000 51.3% 2.5%
    CROSSCOUNTRY MORTGAGE, LLC $530,000 $6,085,000 1,048.1% 2.2%
    Century Mortgage Company DBA Century Lending Company $4,120,000 $5,465,000 32.6% 2.0%
    SANDIA LABORATORY $3,335,000 $5,165,000 54.9% 1.9%
    CMG MORTGAGE, INC. $575,000 $4,620,000 703.5% 1.7%
    Zions Bank $2,590,000 $4,525,000 74.7% 1.6%
    FREEDOM MORTGAGE CORPORATION $1,150,000 $4,500,000 291.3% 1.6%
    Wells Fargo Bank $3,590,000 $4,415,000 23.0% 1.6%
    PENNYMAC LOAN SERVICES, LLC $1,400,000 $3,770,000 169.3% 1.4%
    NAVY FEDERAL CREDIT UNION $2,640,000 $3,395,000 28.6% 1.2%
    Bank of the Southwest $2,215,000 $3,205,000 44.7% 1.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $355,000 $3,005,000 746.5% 1.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $350,000 $2,770,000 691.4% 1.0%
    Bank of Colorado $2,445,000 $2,530,000 3.5% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $1,450,000 $2,490,000 71.7% 0.9%
    U.S. EAGLE $1,530,000 $2,475,000 61.8% 0.9%
    LOANDEPOT.COM, LLC $2,945,000 $2,330,000 -20.9% 0.8%
    NEW DAY FINANCIAL, LLC $500,000 $2,280,000 356.0% 0.8%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,775,000 $1,590,000 -10.4% 0.6%
    VILLAGE CAPITAL MORTGAGE $1,495,000 n/a 0.5%
    GUARANTEED RATE, INC. $380,000 $1,450,000 281.6% 0.5%
    NEWREZ LLC $1,195,000 $1,420,000 18.8% 0.5%
    Flanagan State Bank $565,000 $1,375,000 143.4% 0.5%
    MID AMERICA MORTGAGE, INC. $2,655,000 $1,310,000 -50.7% 0.5%
    Discover Bank $395,000 $1,265,000 220.3% 0.5%
    MICHIGAN MUTUAL, INC. $1,930,000 $1,155,000 -40.2% 0.4%
    The Federal Savings Bank $430,000 $1,065,000 147.7% 0.4%
    MOUNTAIN AMERICA $130,000 $1,060,000 715.4% 0.4%
    TOP FLITE FINANCIAL, INC. $285,000 $1,020,000 257.9% 0.4%
    LOANPAL, LLC $990,000 n/a 0.4%
    Bank of America $540,000 $975,000 80.6% 0.4%
    AMERICAN FINANCING CORPORATION $510,000 $965,000 89.2% 0.3%
    NBKC BANK $395,000 $940,000 138.0% 0.3%
    USAA Federal Savings Bank $620,000 $825,000 33.1% 0.3%
    POLARIS HOME FUNDING CORP. $770,000 n/a 0.3%
    NUSENDA $205,000 $755,000 268.3% 0.3%
    JPMorgan Chase Bank $1,100,000 $735,000 -33.2% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $510,000 $695,000 36.3% 0.2%
    PENTAGON FEDERAL CREDIT UNION $405,000 $685,000 69.1% 0.2%
    Barrington Bank & Trust Company, N.A. $465,000 $650,000 39.8% 0.2%
    Glacier Bank $640,000 n/a 0.2%
    AmeriHome Mortgage Company, LLC $630,000 n/a 0.2%
    PNC Bank $495,000 $625,000 26.3% 0.2%
    CALCON MUTUAL MORTGAGE LLC $620,000 n/a 0.2%
    DIRECTORS MORTGAGE, INC. $620,000 n/a 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,515,000 $620,000 -59.1% 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $760,000 $610,000 -19.7% 0.2%
    Carrington Mortgage Services, LLC $635,000 $600,000 -5.5% 0.2%
    Farm Credit Mid-America, ACA $575,000 n/a 0.2%
    Northpointe Bank $225,000 $570,000 153.3% 0.2%
    First Federal Bank $560,000 n/a 0.2%
    Washington Federal Bank $200,000 $545,000 172.5% 0.2%
    VERITAS FUNDING, LLC $245,000 $540,000 120.4% 0.2%
    BOKF $890,000 $535,000 -39.9% 0.2%
    GUARANTEED RATE AFFINITY, LLC $315,000 $520,000 65.1% 0.2%
    GARDNER FINANCIAL SERVICES, LTD. $515,000 n/a 0.2%
    Wilmington Savings Fund Society, FSB $505,000 n/a 0.2%
    Truist $950,000 $490,000 -48.4% 0.2%
    FINANCE OF AMERICA REVERSE LLC $140,000 $460,000 228.6% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $460,000 $455,000 -1.1% 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,280,000 $440,000 -65.6% 0.2%
    CREDIT HUMAN FEDERAL CREDIT UNION $95,000 $425,000 347.4% 0.2%
    Gateway First Bank $415,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $975,000 $410,000 -57.9% 0.1%
    FIRST COLONY MORTGAGE CORPORATION $385,000 n/a 0.1%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $75,000 $375,000 400.0% 0.1%
    BROKER SOLUTIONS, INC. $1,215,000 $370,000 -69.5% 0.1%
    DEEPHAVEN MORTGAGE LLC $365,000 n/a 0.1%
    HOMEXPRESS MORTGAGE CORP. $365,000 n/a 0.1%
    Stifel Bank and Trust $315,000 n/a 0.1%
    LADERA LENDING, INC. $305,000 n/a 0.1%
    DIRECT MORTGAGE, CORP. $295,000 n/a 0.1%
    ENVOY MORTGAGE, LTD $295,000 n/a 0.1%
    Figure Lending LLC $210,000 $280,000 33.3% 0.1%
    SPRING EQ, LLC $130,000 $280,000 115.4% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $265,000 n/a 0.1%
    HOMETRUST MORTGAGE COMPANY $265,000 n/a 0.1%
    The Central Trust Bank $335,000 $265,000 -20.9% 0.1%
    AMERICA FIRST $150,000 $255,000 70.0% 0.1%
    UNION HOME MORTGAGE CORP. $255,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $245,000 n/a 0.1%
    MASON MCDUFFIE MORTGAGE CORPORATION $200,000 $245,000 22.5% 0.1%
    BAY EQUITY LLC $235,000 n/a 0.1%
    BELEM SERVICING LLC $235,000 n/a 0.1%
    SWBC MORTGAGE CORPORATION $235,000 n/a 0.1%
    OCMBC, INC. $230,000 n/a 0.1%
    SOUTHWEST STAGE FUNDING, LLC $230,000 $225,000 -2.2% 0.1%
    TBK BANK, SSB $225,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $215,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $215,000 n/a 0.1%
    Morgan Stanley Private Bank $75,000 $205,000 173.3% 0.1%
    LONGBRIDGE FINANCIAL, LLC $165,000 $200,000 21.2% 0.1%
    Nations Lending Corporation $260,000 $195,000 -25.0% 0.1%
    M&T Bank $165,000 n/a 0.1%
    NEXERA HOLDING LLC $165,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $215,000 $155,000 -27.9% 0.1%
    CLEARPATH LENDING $345,000 $135,000 -60.9% 0.0%
    RANLIFE, INC. $125,000 n/a 0.0%
    RESIDENTIAL BANCORP $125,000 n/a 0.0%
    Ally Bank $115,000 n/a 0.0%
    Charles Schwab Bank, SSB $105,000 n/a 0.0%
    COUNTRYPLACE MORTGAGE, LTD. $85,000 $105,000 23.5% 0.0%
    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION $105,000 n/a 0.0%
    QUORUM FEDERAL CREDIT UNION $105,000 n/a 0.0%
    STAR ONE CREDIT UNION $105,000 n/a 0.0%
    U.S. Bank $1,015,000 $85,000 -91.6% 0.0%
    ROYAL UNITED MORTGAGE LLC $265,000 $75,000 -71.7% 0.0%
    BMO Harris Bank $595,000 $65,000 -89.1% 0.0%
    SUN AMERICAN MORTGAGE COMPANY $165,000 $65,000 -60.6% 0.0%
    EVERENCE FEDERAL CREDIT UNION $45,000 n/a 0.0%
    PLANET HOME LENDING, LLC $690,000 $35,000 -94.9% 0.0%
    Coastal Community Bank $240,000 $25,000 -89.6% 0.0%
    Kirtland Federal Credit Union $15,000 n/a 0.0%

    FARMINGTON's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 9.1% market share. In second place, with 7.9%, is QUICKEN LOANS, LLC, having originated $22,065,000 in loans. In third place, with 7.7%, is V.I.P. MORTGAGE, INC., having originated $21,375,000 in loans. In fourth place, with 6.9%, is GUILD MORTGAGE COMPANY, having originated $19,245,000 in loans. In fifth place, with 6.7%, is CORNERSTONE HOME LENDING, INC., having originated $18,685,000 in loans.

    FARMINGTON Housing Market Trends (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 $207,500 (-0.6%) $247,120 (-1.2%) 0.00 487
    2018-02-01 $204,919 (-2.2%) $243,690 (-3.2%) 0.00 481
    2018-03-01 $204,900 (-2.9%) $245,070 (-2.9%) 0.00 486
    2018-04-01 $199,694 (-7.1%) $243,662 (-5.2%) 0.00 520
    2018-05-01 $199,900 (-7.0%) $248,491 (-3.2%) 0.00 537
    2018-06-01 $208,000 (-3.3%) $250,099 (-2.0%) 0.00 548
    2018-07-01 $209,350 (-2.6%) $249,946 (-3.1%) 0.00 533
    2018-08-01 $209,850 (0.0%) $252,485 (-0.7%) 0.00 528
    2018-09-01 $210,000 (0.0%) $257,836 (1.0%) 0.00 524
    2018-10-01 $209,000 (-0.5%) $253,824 (-0.5%) 0.00 540
    2018-11-01 $208,975 (0.5%) $251,798 (-0.8%) 0.00 517
    2018-12-01 $214,000 (7.1%) $250,727 (0.8%) 0.00 486
    2019-01-01 $214,444 (3.4%) $249,226 (0.9%) 0.00 446
    2019-02-01 $209,950 (2.5%) $243,667 (0.0%) 0.00 453
    2019-03-01 $216,243 (5.5%) $253,949 (3.6%) 0.00 455
    2019-04-01 $219,900 (10.1%) $264,386 (8.5%) 0.00 456
    2019-05-01 $219,950 (10.0%) $262,555 (5.7%) 0.00 462
    2019-06-01 $219,900 (5.7%) $261,516 (4.6%) 0.00 481
    2019-07-01 $219,000 (4.6%) $260,698 (4.3%) 0.00 507
    2019-08-01 $218,583 (4.2%) $261,022 (3.4%) 0.00 503
    2019-09-01 $216,708 (3.2%) $260,005 (0.8%) 0.00 496
    2019-10-01 $215,125 (2.9%) $257,932 (1.6%) 0.00 487
    2019-11-01 $215,000 (2.9%) $259,377 (3.0%) 0.00 435
    2019-12-01 $215,000 (0.5%) $261,754 (4.4%) 0.00 399
    2020-01-01 $209,950 (-2.1%) $259,727 (4.2%) 0.00 367
    2020-02-01 $209,400 (-0.3%) $258,134 (5.9%) 0.00 382
    2020-03-01 $209,900 (-2.9%) $257,353 (1.3%) 0.00 395
    2020-04-01 $210,000 (-4.5%) $263,799 (-0.2%) 0.00 388
    2020-05-01 $218,000 (-0.9%) $270,178 (2.9%) 0.00 364
    2020-06-01 $209,950 (-4.5%) $260,280 (-0.5%) 0.00 353
    2020-07-01 $212,450 (-3.0%) $258,303 (-0.9%) 0.00 375
    2020-08-01 $209,900 (-4.0%) $255,794 (-2.0%) 0.00 370
    2020-09-01 $204,900 (-5.5%) $259,136 (-0.3%) 0.00 335
    2020-10-01 $205,375 (-4.5%) $266,758 (3.4%) 0.00 311
    2020-11-01 $207,000 (-3.7%) $260,486 (0.4%) 0.00 290
    2020-12-01 $202,750 (-5.7%) $255,716 (-2.3%) 0.00 273
    2021-01-01 $205,000 (-2.4%) $253,691 (-2.3%) 0.00 245
    2021-02-01 $208,000 (-0.7%) $263,302 (2.0%) 0.00 252
    2021-03-01 $213,500 (1.7%) $265,077 (3.0%) 0.00 237
    2021-04-01 $211,388 (0.7%) $273,405 (3.6%) 0.00 203
    2021-05-01 $219,900 (0.9%) $295,832 (9.5%) 0.00 207
    2021-06-01 $222,000 (5.7%) $320,693 (23.2%) 0.00 200
    2021-07-01 $222,375 (4.7%) $330,029 (27.8%) 0.00 206
    2021-08-01 $225,000 (7.2%) $335,741 (31.3%) 0.00 212
    2021-09-01 $230,550 (12.5%) $330,997 (27.7%) 0.00 218
    2021-10-01 $245,000 (19.3%) $360,150 (35.0%) 0.00 193
    2021-11-01 $259,447 (25.3%) $363,665 (39.6%) 0.00 185
    2021-12-01 $272,250 (34.3%) $368,971 (44.3%) 0.00 163
    2022-01-01 $289,900 (41.4%) $394,179 (55.4%) 0.00 116
    2022-02-01 $273,450 (31.5%) $375,491 (42.6%) 0.00 111
    2022-03-01 $261,750 (22.6%) $345,694 (30.4%) 0.00 117
    2022-04-01 $299,900 (41.9%) $410,833 (50.3%) 0.00 115
    2022-05-01 $318,725 (44.9%) $432,891 (46.3%) 0.00 108
    2022-06-01 $317,700 (43.1%) $404,742 (26.2%) 0.00 144
    2022-07-01 $287,450 (29.3%) $381,989 (15.7%) 0.00 148
    2022-08-01 $299,000 (32.9%) $405,702 (20.8%) 0.00 131
    2022-09-01 $300,725 (30.4%) $425,187 (28.5%) 0.00 113
    2022-10-01 $299,000 (22.0%) $385,715 (7.1%) 0.00 102
    2022-11-01 $302,225 (16.5%) $404,226 (11.2%) 0.00 98
    2022-12-01 $285,000 (4.7%) $405,744 (10.0%) 0.00 96
    2023-01-01 $320,000 (10.4%) $429,925 (9.1%) 0.00 85
    2023-02-01 $349,500 (27.8%) $486,999 (29.7%) 0.00 66
    2023-03-01 $350,000 (33.7%) $477,746 (38.2%) 0.00 66
    2023-04-01 $342,000 (14.0%) $466,954 (13.7%) 0.00 69
    2023-05-01 $333,925 (4.8%) $464,500 (7.3%) 0.00 89
    2023-06-01 $330,000 (3.9%) $456,319 (12.7%) 0.00 107
    2023-07-01 $333,750 (16.1%) $476,929 (24.9%) 0.00 121
    2023-08-01 $350,000 (17.1%) $502,342 (23.8%) 0.00 127
    2023-09-01 $349,950 (16.4%) $477,738 (12.4%) 0.00 140
    2023-10-01 $338,250 (13.1%) $478,104 (24.0%) 0.00 146
    2023-11-01 $337,500 (11.7%) $460,199 (13.9%) 0.00 148
    2023-12-01 $332,400 (16.6%) $468,760 (15.5%) 0.00 137
    2024-01-01 $335,550 (4.9%) $453,342 (5.5%) 0.00 120
    2024-02-01 $349,975 (0.1%) $465,005 (-4.5%) 0.00 110
    2024-03-01 $349,900 (0.0%) $451,133 (-5.6%) 0.00 106
    2024-04-01 $359,700 (5.2%) $494,041 (5.8%) 0.00 94
    2024-05-01 $382,750 (14.6%) $524,099 (12.8%) 0.00 104
    2024-06-01 $377,450 (14.4%) $493,345 (8.1%) 0.00 113
    2024-07-01 $393,575 (17.9%) $498,362 (4.5%) 0.00 125
    2024-08-01 $397,000 (13.4%) $497,279 (-1.0%) 0.00 131
    2024-09-01 $402,900 (15.1%) $511,341 (7.0%) 0.00 146
    2024-10-01 $389,350 (15.1%) $508,841 (6.4%) 0.00 157
    2024-11-01 $385,000 (14.1%) $510,209 (10.9%) 0.00 155
    2024-12-01 $382,500 (15.1%) $509,946 (8.8%) 0.00 149
    2025-01-01 $381,995 (13.8%) $502,206 (10.8%) 0.00 142
    2025-02-01 $378,250 (8.1%) $515,142 (10.8%) 0.00 140
    2025-03-01 $390,000 (11.5%) $545,252 (20.9%) 0.00 131
    2025-04-01 $389,975 (8.4%) $534,527 (8.2%) 0.00 130
    FARMINGTON's median listing price for 2025-04-01 was $389,975, a difference of $30,275 (8.4%) versus the prior year and $-25 versus the prior month.

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

    FARMINGTON's average listing price for 2025-04-01 was $534,527, a difference of $40,486 (8.2%) versus the prior year and $-10,725 versus the prior month.

    For the 2025-04-01 period, FARMINGTON had 130 MLS listings, a difference of -1 listings (-1%) versus the prior month and 36 listings (38%) 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 1,812 sqft
    2018-02-01 0 days 1,796 sqft
    2018-03-01 0 days 1,803 sqft
    2018-04-01 0 days 1,782 sqft
    2018-05-01 0 days 1,818 sqft
    2018-06-01 0 days 1,864 sqft
    2018-07-01 0 days 1,864 sqft
    2018-08-01 0 days 1,881 sqft
    2018-09-01 0 days 1,895 sqft
    2018-10-01 0 days 1,886 sqft
    2018-11-01 0 days 1,897 sqft
    2018-12-01 0 days 1,901 sqft
    2019-01-01 0 days 1,866 sqft
    2019-02-01 0 days 1,820 sqft
    2019-03-01 0 days 1,848 sqft
    2019-04-01 0 days 1,889 sqft
    2019-05-01 0 days 1,885 sqft
    2019-06-01 0 days 1,883 sqft
    2019-07-01 0 days 1,876 sqft
    2019-08-01 0 days 1,867 sqft
    2019-09-01 0 days 1,849 sqft
    2019-10-01 0 days 1,828 sqft
    2019-11-01 0 days 1,837 sqft
    2019-12-01 0 days 1,881 sqft
    2020-01-01 0 days 1,883 sqft
    2020-02-01 0 days 1,837 sqft
    2020-03-01 0 days 1,811 sqft
    2020-04-01 0 days 1,842 sqft
    2020-05-01 0 days 1,901 sqft
    2020-06-01 0 days 1,863 sqft
    2020-07-01 0 days 1,848 sqft
    2020-08-01 0 days 1,792 sqft
    2020-09-01 0 days 1,770 sqft
    2020-10-01 0 days 1,816 sqft
    2020-11-01 0 days 1,799 sqft
    2020-12-01 0 days 1,717 sqft
    2021-01-01 0 days 1,702 sqft
    2021-02-01 0 days 1,827 sqft
    2021-03-01 0 days 1,853 sqft
    2021-04-01 0 days 1,795 sqft
    2021-05-01 0 days 1,782 sqft
    2021-06-01 0 days 1,790 sqft
    2021-07-01 0 days 1,763 sqft
    2021-08-01 0 days 1,767 sqft
    2021-09-01 0 days 1,778 sqft
    2021-10-01 0 days 1,887 sqft
    2021-11-01 0 days 1,954 sqft
    2021-12-01 0 days 1,972 sqft
    2022-01-01 0 days 2,005 sqft
    2022-02-01 0 days 1,942 sqft
    2022-03-01 0 days 1,844 sqft
    2022-04-01 0 days 2,004 sqft
    2022-05-01 0 days 2,056 sqft
    2022-06-01 0 days 2,052 sqft
    2022-07-01 0 days 1,916 sqft
    2022-08-01 0 days 2,019 sqft
    2022-09-01 0 days 2,078 sqft
    2022-10-01 0 days 2,027 sqft
    2022-11-01 0 days 2,048 sqft
    2022-12-01 0 days 1,950 sqft
    2023-01-01 0 days 2,000 sqft
    2023-02-01 0 days 2,031 sqft
    2023-03-01 0 days 2,030 sqft
    2023-04-01 0 days 1,995 sqft
    2023-05-01 0 days 1,952 sqft
    2023-06-01 0 days 1,973 sqft
    2023-07-01 0 days 1,992 sqft
    2023-08-01 0 days 2,081 sqft
    2023-09-01 0 days 2,114 sqft
    2023-10-01 0 days 2,028 sqft
    2023-11-01 0 days 2,019 sqft
    2023-12-01 0 days 2,000 sqft
    2024-01-01 0 days 1,932 sqft
    2024-02-01 0 days 2,086 sqft
    2024-03-01 0 days 2,005 sqft
    2024-04-01 0 days 2,014 sqft
    2024-05-01 0 days 2,080 sqft
    2024-06-01 0 days 2,027 sqft
    2024-07-01 0 days 2,178 sqft
    2024-08-01 0 days 2,189 sqft
    2024-09-01 0 days 2,308 sqft
    2024-10-01 0 days 2,132 sqft
    2024-11-01 0 days 2,086 sqft
    2024-12-01 0 days 2,021 sqft
    2025-01-01 0 days 2,016 sqft
    2025-02-01 0 days 2,016 sqft
    2025-03-01 0 days 2,080 sqft
    2025-04-01 0 days 2,129 sqft
    FARMINGTON's median listing age (time on market) for 2025-04-01 was 0 days.

    FARMINGTON's median square footage for active listings during the 2025-04-01 period was 2,129 sqft. One year prior, the average listing was 2,014 sqft.

    FARMINGTON, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 894 $190,780,000 $213,400
    Cash Out Refi 234 $42,930,000 $183,462
    Other 128 $11,030,000 $86,172
    Refi 118 $28,870,000 $244,661
    Home Improvement 52 $4,810,000 $92,500

    Farmington's most frequently cited loan purpose was Home Purchase, with 894 originations. The 2nd most popular reason was Cash Out Refi, with 234 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 532 $122,500,000 $230,263
    7-8% 287 $60,655,000 $211,341
    Over 8% 255 $22,955,000 $90,020
    5-6% 184 $46,770,000 $254,185
    <2.5% 55 $785,000 $14,273
    4-5% 9 $2,105,000 $233,889
    2.5-3% 2 $520,000 $260,000
    3-4% 1 $155,000 $155,000

    During 2024, Farmington's most frequently originated rate bucket was 6-7%, with 532 originations.

    Loan Sizing (FARMINGTON, NM MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 584 $161,240,000 $276,096
    $100,000 or less 404 $16,720,000 $41,386
    $100k-200k 350 $53,130,000 $151,800
    $400k-600k 71 $32,365,000 $455,845
    $600k-1000k 13 $8,725,000 $671,154
    $Over $1MM 4 $6,240,000 $1,560,000

    FARMINGTON's loan sizing saw the bucket of loans from $200k-400k with 584 originations, totaling $161,240,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 629 $161,305,000 $256,447
    Under 20% 262 $6,800,000 $25,954
    60-80% 215 $48,965,000 $227,744
    20-40% 93 $9,285,000 $99,839
    40-60% 74 $14,790,000 $199,865
    Over 100% 29 $9,105,000 $313,966

    FARMINGTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 629 originations, totaling $161,305,000 in origination value.