FARMINGTON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Farmington averaged
6.79%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
7.1% and
one month ago for the week of 2025-02-27, the
average rate was 6.91%.
Farmington's average rate one year ago was 7.24%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.84%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
Farmington 30 Year Fixed Rate | 2025-04-03 | 6.79% |
Farmington 30 Year Fixed Rate Refi | 2025-04-03 | 6.84% |
Farmington 15 Year Fixed Rate | 2025-04-03 | 5.82% |
Farmington 15 Year Fixed Rate Refi | 2025-04-03 | 6.12% |
Farmington 30 Year FHA | 2025-04-03 | 6.5% |
Farmington 30 Year FHA Refi | 2025-04-03 | 6.46% |
Farmington 30 Year USDA | 2025-04-03 | 6.22% |
Farmington 30 Year USDA Refi | 2025-04-03 | 6.12% |
Farmington 30 Year VA | 2025-04-03 | 6.03% |
Farmington 30 Year VA Refi | 2025-04-03 | 6.16% |
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.).
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. LouisDate | 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 |
FARMINGTON's median listing price comes in at 0% of the national average.
FARMINGTON's average listing price for 2025-03-01 was $545,252, a difference of $94,119 (20.9%) versus the prior year and $30,110 versus the prior month.
For the 2025-03-01 period, FARMINGTON had 131 MLS listings, a difference of -9 listings (-6%) versus the prior month and 25 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - FARMINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
FARMINGTON's median square footage for active listings during the 2025-03-01 period was 2,080 sqft. One year prior, the average listing was 2,005 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.