Fernley Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fernley averaged
6.62%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.44% and
one month ago for the week of 2024-06-13, the
average rate was 6.4%.
Fernley's average rate one year ago was 6.41%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.17%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
Fernley 30 Year Fixed Rate | 2024-07-18 | 6.62% |
Fernley 30 Year Fixed Rate Refi | 2024-07-18 | 7.17% |
Fernley 15 Year Fixed Rate | 2024-07-18 | 5.95% |
Fernley 15 Year Fixed Rate Refi | 2024-07-18 | 6.15% |
Fernley 30 Year FHA | 2024-07-18 | 6.41% |
Fernley 30 Year FHA Refi | 2024-07-18 | 6.49% |
Fernley 30 Year USDA | 2024-07-18 | 6.63% |
Fernley 30 Year USDA Refi | 2024-07-18 | 6.43% |
Fernley 30 Year VA | 2024-07-18 | 6.12% |
Fernley 30 Year VA Refi | 2024-07-18 | 6.1% |
Fernley 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 Fernley, 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.).
Fernley Average Closing Costs & Other Stats
Fernley, NV's 83 lenders originated 1,417
loans during 2023. The total origination value was $378,695,000, with an average loan value of
$267,251.
Fernley's average closing costs are $6,626.
The top Fernley lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
72 loans originated. Their average total fees are
$9,437, which is $6,274
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Fernley lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($3,163), GREATER NEVADA LLC ($5,545), UNITED WHOLESALE MORTGAGE, LLC ($6,639), CROSSCOUNTRY MORTGAGE, LLC ($7,141) and QUICKEN LOANS, LLC ($7,987).
The lowest rate Fernley lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.42%), DHI MORTGAGE COMPANY, LTD. (5.74%), GREATER NEVADA LLC (6.12%), CROSSCOUNTRY MORTGAGE, LLC (6.42%) and SUMMIT FUNDING, INC. (6.52%).
Fernley, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
GUILD MORTGAGE COMPANY | $103,790,000 | $58,900,000 | -43.3% | 15.6% |
DHI MORTGAGE COMPANY, LTD. | $13,700,000 | $39,060,000 | 185.1% | 10.3% |
UNITED WHOLESALE MORTGAGE, LLC | $20,005,000 | $23,845,000 | 19.2% | 6.3% |
QUICKEN LOANS, LLC | $46,405,000 | $20,285,000 | -56.3% | 5.4% |
EAGLE HOME MORTGAGE, LLC | $12,805,000 | $17,505,000 | 36.7% | 4.6% |
SUMMIT FUNDING, INC. | $28,835,000 | $15,270,000 | -47.0% | 4.0% |
CROSSCOUNTRY MORTGAGE, LLC | $13,955,000 | $14,650,000 | 5.0% | 3.9% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $13,305,000 | $11,845,000 | -11.0% | 3.1% |
Mortgage Research Center, LLC | $17,140,000 | $10,275,000 | -40.1% | 2.7% |
BROKER SOLUTIONS, INC. | $12,275,000 | $9,970,000 | -18.8% | 2.6% |
GREATER NEVADA LLC | $20,535,000 | $8,670,000 | -57.8% | 2.3% |
PENNYMAC LOAN SERVICES, LLC | $9,375,000 | $7,165,000 | -23.6% | 1.9% |
U.S. Bank | $10,840,000 | $6,915,000 | -36.2% | 1.8% |
UNITED | $17,860,000 | $6,425,000 | -64.0% | 1.7% |
PREMIER MORTGAGE RESOURCES, L.L.C. | $3,750,000 | $4,925,000 | 31.3% | 1.3% |
AXIA FINANCIAL, LLC | $2,865,000 | $4,640,000 | 62.0% | 1.2% |
Gateway First Bank | $1,135,000 | $4,500,000 | 296.5% | 1.2% |
NAVY FEDERAL CREDIT UNION | $6,695,000 | $4,135,000 | -38.2% | 1.1% |
MASON MCDUFFIE MORTGAGE CORPORATION | $4,455,000 | $4,085,000 | -8.3% | 1.1% |
ISERVE RESIDENTIAL LENDING, LLC | $8,915,000 | $3,995,000 | -55.2% | 1.1% |
Equity Prime Mortgage LLC | $1,675,000 | $3,475,000 | 107.5% | 0.9% |
CARDINAL FINANCIAL | $6,470,000 | $3,045,000 | -52.9% | 0.8% |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $165,000 | $2,865,000 | 1,636.4% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,195,000 | $2,840,000 | -32.3% | 0.7% |
LOANDEPOT.COM, LLC | $15,060,000 | $2,830,000 | -81.2% | 0.7% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $1,720,000 | $2,820,000 | 64.0% | 0.7% |
NFM, INC. | $1,800,000 | $2,515,000 | 39.7% | 0.7% |
TJC Mortgage, Inc. | $625,000 | $2,500,000 | 300.0% | 0.7% |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $4,970,000 | $2,405,000 | -51.6% | 0.6% |
FREEDOM MORTGAGE CORPORATION | $12,105,000 | $2,285,000 | -81.1% | 0.6% |
MUTUAL OF OMAHA MORTGAGE, INC. | $3,920,000 | $2,270,000 | -42.1% | 0.6% |
American Mortgage & Equity Consultants, Inc. | $2,245,000 | n/a | 0.6% | |
AMERICAN FINANCIAL NETWORK, INC. | $2,205,000 | n/a | 0.6% | |
Mr. Cooper ( Nationstar Mortgage ) | $3,855,000 | $2,015,000 | -47.7% | 0.5% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,130,000 | $1,960,000 | -8.0% | 0.5% |
INFINITY EQUITY GROUP, INC. | $1,125,000 | $1,890,000 | 68.0% | 0.5% |
Zions Bank | $7,395,000 | $1,745,000 | -76.4% | 0.5% |
GUARANTEED RATE, INC. | $2,555,000 | $1,695,000 | -33.7% | 0.4% |
AMERICA FIRST | $1,030,000 | $1,650,000 | 60.2% | 0.4% |
MOUNTAIN AMERICA | $2,355,000 | $1,535,000 | -34.8% | 0.4% |
JPMorgan Chase Bank | $1,805,000 | $1,485,000 | -17.7% | 0.4% |
Bank of America | $2,465,000 | $1,460,000 | -40.8% | 0.4% |
LOANPAL, LLC | $2,220,000 | $1,420,000 | -36.0% | 0.4% |
CALCON MUTUAL MORTGAGE LLC | $1,270,000 | $1,415,000 | 11.4% | 0.4% |
AMERISAVE MORTGAGE CORPORATION | $6,430,000 | $1,405,000 | -78.1% | 0.4% |
Northpointe Bank | $9,220,000 | $1,305,000 | -85.8% | 0.3% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,935,000 | $1,300,000 | -32.8% | 0.3% |
NEWREZ LLC | $1,245,000 | $1,280,000 | 2.8% | 0.3% |
AMERICAN FINANCIAL RESOURCES, INC. | $1,150,000 | n/a | 0.3% | |
Discover Bank | $565,000 | $1,135,000 | 100.9% | 0.3% |
NEW DAY FINANCIAL, LLC | $3,060,000 | $1,135,000 | -62.9% | 0.3% |
BAY EQUITY LLC | $4,240,000 | $1,100,000 | -74.1% | 0.3% |
Wells Fargo Bank | $7,115,000 | $1,080,000 | -84.8% | 0.3% |
FINANCE OF AMERICA REVERSE LLC | $2,590,000 | $1,035,000 | -60.0% | 0.3% |
CMG MORTGAGE, INC. | $275,000 | $1,015,000 | 269.1% | 0.3% |
USAA Federal Savings Bank | $2,600,000 | $1,005,000 | -61.3% | 0.3% |
Plains Commerce Bank | $985,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $3,190,000 | $975,000 | -69.4% | 0.3% |
OCMBC, INC. | $880,000 | n/a | 0.2% | |
MOVEMENT MORTGAGE, LLC | $9,570,000 | $840,000 | -91.2% | 0.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $825,000 | n/a | 0.2% | |
LENDINGHOME FUNDING CORPORATION | $830,000 | $815,000 | -1.8% | 0.2% |
S1L, Inc. | $760,000 | n/a | 0.2% | |
Morgan Stanley Private Bank | $735,000 | n/a | 0.2% | |
First Savings Bank | $725,000 | n/a | 0.2% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $720,000 | $710,000 | -1.4% | 0.2% |
ACADEMY MORTGAGE CORPORATION | $420,000 | $685,000 | 63.1% | 0.2% |
LAND HOME FINANCIAL SERVICES, INC. | $135,000 | $680,000 | 403.7% | 0.2% |
LEADERONE FINANCIAL CORPORATION | $275,000 | $655,000 | 138.2% | 0.2% |
MORIA DEVELOPMENT, INC. | $655,000 | n/a | 0.2% | |
DIGNIFIED HOME LOANS, LLC | $360,000 | $650,000 | 80.6% | 0.2% |
Franklin Loan Corporation | $640,000 | n/a | 0.2% | |
PLANET HOME LENDING, LLC | $530,000 | $635,000 | 19.8% | 0.2% |
Figure Lending LLC | $595,000 | $565,000 | -5.0% | 0.1% |
AmeriHome Mortgage Company, LLC | $420,000 | $555,000 | 32.1% | 0.1% |
ALLIANT CREDIT UNION | $535,000 | n/a | 0.1% | |
SYNERGY HOME MORTGAGE, LLC | $935,000 | $530,000 | -43.3% | 0.1% |
MANN FINANCIAL INC. | $1,850,000 | $480,000 | -74.1% | 0.1% |
Nations Lending Corporation | $1,850,000 | $475,000 | -74.3% | 0.1% |
The Central Trust Bank | $305,000 | $475,000 | 55.7% | 0.1% |
LONGBRIDGE FINANCIAL, LLC | $1,315,000 | $465,000 | -64.6% | 0.1% |
The Federal Savings Bank | $2,285,000 | $455,000 | -80.1% | 0.1% |
Bank of the West | $450,000 | $445,000 | -1.1% | 0.1% |
ON Q FINANCIAL, INC. | $3,645,000 | $435,000 | -88.1% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $560,000 | $420,000 | -25.0% | 0.1% |
21ST MORTGAGE CORPORATION | $515,000 | $415,000 | -19.4% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $535,000 | $410,000 | -23.4% | 0.1% |
Ameris Bank | $395,000 | n/a | 0.1% | |
First National Bank | $395,000 | n/a | 0.1% | |
INTELLILOAN, INC. | $395,000 | n/a | 0.1% | |
OPEN MORTGAGE, LLC | $390,000 | n/a | 0.1% | |
Hometown Equity Mortgage, LLC | $385,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $525,000 | $385,000 | -26.7% | 0.1% |
GEORGIA'S OWN | $370,000 | n/a | 0.1% | |
Arvest Bank | $365,000 | n/a | 0.1% | |
City National Bank | $365,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $1,835,000 | $365,000 | -80.1% | 0.1% |
Ixonia Bank | $355,000 | n/a | 0.1% | |
RBC Bank, (Georgia) | $355,000 | n/a | 0.1% | |
GTE Federal Credit Union | $350,000 | n/a | 0.1% | |
FIRST COLONY MORTGAGE CORPORATION | $345,000 | n/a | 0.1% | |
GUARANTY HOME MORTGAGE CORPORATION | $345,000 | n/a | 0.1% | |
SNAPFI, INC. | $345,000 | n/a | 0.1% | |
VAN DYK MORTGAGE CORPORATION | $345,000 | n/a | 0.1% | |
HighTechLending Inc | $370,000 | $340,000 | -8.1% | 0.1% |
BMO Harris Bank | $335,000 | n/a | 0.1% | |
Century Mortgage Company DBA Century Lending Company | $510,000 | $335,000 | -34.3% | 0.1% |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $335,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $1,615,000 | $335,000 | -79.3% | 0.1% |
Colonial Savings, F.A. | $325,000 | n/a | 0.1% | |
PANORAMA MORTGAGE GROUP, LLC | $645,000 | $325,000 | -49.6% | 0.1% |
STAR ONE CREDIT UNION | $325,000 | $325,000 | 0.0% | 0.1% |
BETTER MORTGAGE CORPORATION | $315,000 | n/a | 0.1% | |
Paramount Residential Mortgage Group, Inc. | $1,615,000 | $315,000 | -80.5% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $365,000 | $305,000 | -16.4% | 0.1% |
CLEARPATH LENDING | $2,670,000 | $295,000 | -89.0% | 0.1% |
Axos Bank | $285,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $1,605,000 | $285,000 | -82.2% | 0.1% |
Platinum Home Mortgage Corporation | $285,000 | n/a | 0.1% | |
Flagstar Bank, FSB | $1,160,000 | $280,000 | -75.9% | 0.1% |
PINNACLE LENDING GROUP, INC. | $265,000 | n/a | 0.1% | |
MERIWEST | $225,000 | n/a | 0.1% | |
SPRING EQ, LLC | $500,000 | $220,000 | -56.0% | 0.1% |
PHH Mortgage Corporation | $1,555,000 | $215,000 | -86.2% | 0.1% |
DATA MORTGAGE, INC. | $205,000 | n/a | 0.1% | |
Fremont Bank | $745,000 | $205,000 | -72.5% | 0.1% |
LADERA LENDING, INC. | $155,000 | $205,000 | 32.3% | 0.1% |
Operating Engineers Local Union #3 | $595,000 | $205,000 | -65.5% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,260,000 | $175,000 | -95.9% | 0.0% |
ALAMEDA MORTGAGE CORPORATION | $265,000 | $165,000 | -37.7% | 0.0% |
CHEVRON | $105,000 | $165,000 | 57.1% | 0.0% |
PNC Bank | $1,085,000 | $165,000 | -84.8% | 0.0% |
HomeTrust Bank | $130,000 | n/a | 0.0% | |
LANTZMAN MANAGEMENT, INC. | $125,000 | n/a | 0.0% | |
Firefighters First Federal Credit Union | $225,000 | $105,000 | -53.3% | 0.0% |
First National Bank of America | $105,000 | n/a | 0.0% | |
INTERNATIONAL CITY MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
First-Citizens Bank & Trust Company | $75,000 | n/a | 0.0% | |
Stifel Bank and Trust | $640,000 | $75,000 | -88.3% | 0.0% |
THRIVENT Federal Credit Union | $75,000 | n/a | 0.0% | |
Glacier Bank | $2,405,000 | $65,000 | -97.3% | 0.0% |
PREMIER AMERICA | $65,000 | n/a | 0.0% | |
Umpqua Bank | $4,040,000 | $65,000 | -98.4% | 0.0% |
Baxter Credit Union | $35,000 | $55,000 | 57.1% | 0.0% |
CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
SILVER STATE SCHOOLS SERVICE COMPANY, LLC | $55,000 | n/a | 0.0% | |
Bethpage Federal Credit Union | $45,000 | n/a | 0.0% | |
Washington Federal Bank | $865,000 | $35,000 | -96.0% | 0.0% |
Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
Fernley's top lender by overall market share is GUILD MORTGAGE COMPANY, with 15.6% market share. In second place, with 10.3%, is DHI MORTGAGE COMPANY, LTD., having originated $39,060,000 in loans. In third place, with 6.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $23,845,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $20,285,000 in loans. In fifth place, with 4.6%, is EAGLE HOME MORTGAGE, LLC, having originated $17,505,000 in loans.
Fernley, NV Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 965 | $310,085,000 | $321,332 |
Cash Out Refi | 171 | $36,685,000 | $214,532 |
Other | 114 | $9,120,000 | $80,000 |
Home Improvement | 103 | $9,965,000 | $96,748 |
Refi | 63 | $12,715,000 | $201,825 |
NA | 1 | $125,000 | $125,000 |
Fernley's most frequently cited loan purpose was Home Purchase, with 965 originations. The 2nd most popular reason was Cash Out Refi, with 171 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 457 | $139,815,000 | $305,941 |
5-6% | 332 | $112,710,000 | $339,488 |
7-8% | 304 | $85,210,000 | $280,296 |
Over 8% | 236 | $23,850,000 | $101,059 |
<2.5% | 38 | $870,000 | $22,895 |
4-5% | 35 | $13,725,000 | $392,143 |
3-4% | 13 | $2,485,000 | $191,154 |
During 2023, Fernley's most frequently originated rate bucket was 6-7%, with 457 originations.
Loan Sizing (Fernley, NV MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 731 | $229,165,000 | $313,495 |
$100,000 or less | 291 | $14,805,000 | $50,876 |
$400k-600k | 210 | $95,290,000 | $453,762 |
$100k-200k | 163 | $24,315,000 | $149,172 |
$600k-1000k | 21 | $13,985,000 | $665,952 |
$Over $1MM | 1 | $1,135,000 | $1,135,000 |
Fernley's loan sizing saw the bucket of loans from $200k-400k with 731 originations, totaling $229,165,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 656 | $238,590,000 | $363,704 |
Under 20% | 243 | $11,495,000 | $47,305 |
60-80% | 218 | $68,300,000 | $313,303 |
40-60% | 150 | $31,990,000 | $213,267 |
20-40% | 108 | $12,350,000 | $114,352 |
Over 100% | 35 | $14,005,000 | $400,143 |
Fernley's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 656 originations, totaling $238,590,000 in origination value.