Gallup Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Gallup averaged 6.42% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

The average rate for the prior week (2025-04-03) was 6.84% and one month ago for the week of 2025-03-06, the average rate was 6.63%.

Gallup's average rate one year ago was 6.92%.

For refis of the same type during the week of 2025-04-10, the average rate was 7.22%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-10 6.62%
Gallup 30 Year Fixed Rate 2025-04-10 6.42%
Gallup 30 Year Fixed Rate Refi 2025-04-10 7.22%
Gallup 15 Year Fixed Rate 2025-04-10 5.92%
Gallup 15 Year Fixed Rate Refi 2025-04-10 5.82%
Gallup 30 Year FHA 2025-04-10 6.43%
Gallup 30 Year FHA Refi 2025-04-10 6.43%
Gallup 30 Year USDA 2025-04-10 6.45%
Gallup 30 Year USDA Refi 2025-04-10 6.55%
Gallup 30 Year VA 2025-04-10 6.19%
Gallup 30 Year VA Refi 2025-04-10 6.09%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Gallup, NM.

Gallup 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 Gallup, 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 9 6.97% $8,934
Waterstone Mortgage Corporation 6 6.73% $6,971
CALCON MUTUAL MORTGAGE LLC 4 6.78% $6,569
First Financial Credit Union 4 6.66% $5,713
Bank of Colorado 3 7.63% $5,727
Wells Fargo Bank 2 6.63% $4,878
BOKF 2 7.06% $4,825
BROKER SOLUTIONS, INC. 2 6.63% $10,599
JPMorgan Chase Bank 2 7.24% $2,677
LOANDEPOT.COM, LLC 2 7.38% $5,722
NUSENDA 2 6.31% $3,559
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.12% $2,739
Wallick & Volk, Inc. 1 6.38% $5,819
MID AMERICA MORTGAGE, INC. 1 6.63% $6,121
MOVEMENT MORTGAGE, LLC 1 6.99% $4,434
NAVY FEDERAL CREDIT UNION 1 6.88% $4,499
Ally Bank 1 6.00% $6,978
21ST MORTGAGE CORPORATION 1 8.30% $5,803
Bank of America 1 7.38% $3,667
SANDIA LABORATORY 1 5.63% $775
CMG MORTGAGE, INC. 1 7.99% $7,366
GUARANTEED RATE AFFINITY, LLC 1 6.63% $1,726
UNITED WHOLESALE MORTGAGE, LLC 1 6.63% $12,620
LENDSURE MORTGAGE CORP. 1 9.25% $7,405

Gallup Average Closing Costs & Other Stats

Gallup, NM's 24 lenders originated 221 loans during 2024. The total origination value was $35,745,000, with an average loan value of $161,742.

Gallup's average closing costs are $5,749.

The top Gallup lender as defined by loan originations is QUICKEN LOANS, LLC, with 9 loans originated. Their average total fees are $8,934, which is $1,962 higher than the next largest lender, Waterstone Mortgage Corporation.

The lowest fee Gallup lenders (with over 10 loans originated) are .

The lowest rate Gallup lenders (with over 10 loans originated) are .

Gallup, 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
QUICKEN LOANS, LLC $2,130,000 $4,660,000 118.8% 13.0%
Waterstone Mortgage Corporation $2,165,000 $3,795,000 75.3% 10.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,310,000 $3,170,000 37.2% 8.9%
Bank of Colorado $2,980,000 $3,040,000 2.0% 8.5%
CALCON MUTUAL MORTGAGE LLC $1,665,000 $2,100,000 26.1% 5.9%
Mortgage Research Center, LLC $1,945,000 $1,740,000 -10.5% 4.9%
21ST MORTGAGE CORPORATION $835,000 $1,525,000 82.6% 4.3%
CMG MORTGAGE, INC. $655,000 $1,190,000 81.7% 3.3%
Chickasaw Community Bank $175,000 $1,050,000 500.0% 2.9%
First Financial Credit Union $355,000 $1,040,000 193.0% 2.9%
BOKF $825,000 $1,015,000 23.0% 2.8%
USAA Federal Savings Bank $845,000 $1,005,000 18.9% 2.8%
GUARANTEED RATE AFFINITY, LLC $275,000 $720,000 161.8% 2.0%
NUSENDA $190,000 $660,000 247.4% 1.8%
BROKER SOLUTIONS, INC. $280,000 $655,000 133.9% 1.8%
NAVY FEDERAL CREDIT UNION $1,120,000 $645,000 -42.4% 1.8%
CROSSCOUNTRY MORTGAGE, LLC $640,000 n/a 1.8%
PRIMELENDING, A PLAINSCAPITAL COMPANY $365,000 $590,000 61.6% 1.7%
Wells Fargo Bank $220,000 $585,000 165.9% 1.6%
LOANDEPOT.COM, LLC $875,000 $570,000 -34.9% 1.6%
FREEDOM MORTGAGE CORPORATION $500,000 n/a 1.4%
UNITED WHOLESALE MORTGAGE, LLC $390,000 $460,000 17.9% 1.3%
MUTUAL OF OMAHA MORTGAGE, INC. $265,000 $440,000 66.0% 1.2%
Mr. Cooper ( Nationstar Mortgage ) $660,000 $375,000 -43.2% 1.0%
SANDIA LABORATORY $890,000 $360,000 -59.6% 1.0%
STATE EMPLOYEES $345,000 n/a 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $275,000 n/a 0.8%
Washington Federal Bank $225,000 $245,000 8.9% 0.7%
U.S. Bank $360,000 $240,000 -33.3% 0.7%
PLANET HOME LENDING, LLC $225,000 n/a 0.6%
HOMEBRIDGE FINANCIAL SERVICES, INC. $215,000 n/a 0.6%
MID AMERICA MORTGAGE, INC. $1,335,000 $205,000 -84.6% 0.6%
Wallick & Volk, Inc. $205,000 n/a 0.6%
GUILD MORTGAGE COMPANY $245,000 $190,000 -22.4% 0.5%
JPMorgan Chase Bank $190,000 n/a 0.5%
Bank of America $395,000 $180,000 -54.4% 0.5%
Ally Bank $145,000 n/a 0.4%
LENDSURE MORTGAGE CORP. $125,000 n/a 0.3%
MOVEMENT MORTGAGE, LLC $125,000 $115,000 -8.0% 0.3%
Coastal Community Bank $45,000 n/a 0.1%

Gallup's top lender by overall market share is QUICKEN LOANS, LLC, with 13.0% market share. In second place, with 10.6%, is Waterstone Mortgage Corporation, having originated $3,795,000 in loans. In third place, with 8.9%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $3,170,000 in loans. In fourth place, with 8.5%, is Bank of Colorado, having originated $3,040,000 in loans. In fifth place, with 5.9%, is CALCON MUTUAL MORTGAGE LLC, having originated $2,100,000 in loans.


Gallup Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Gallup (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 $158,975 (10.4%) $179,485 (7.9%) 0.00 74
2018-02-01 $149,450 (3.4%) $169,429 (2.7%) 0.00 75
2018-03-01 $144,900 (-2.7%) $170,860 (-0.5%) 0.00 77
2018-04-01 $149,000 (-8.9%) $178,262 (-4.4%) 0.00 80
2018-05-01 $149,925 (-8.6%) $185,872 (-1.9%) 0.00 92
2018-06-01 $151,000 (-10.4%) $185,050 (-3.6%) 0.00 94
2018-07-01 $147,500 (-10.6%) $180,790 (-2.4%) 0.00 94
2018-08-01 $149,475 (-4.8%) $180,114 (-0.7%) 0.00 95
2018-09-01 $155,000 (1.3%) $187,298 (5.7%) 0.00 101
2018-10-01 $151,475 (0.3%) $182,593 (4.4%) 0.00 99
2018-11-01 $144,950 (-6.8%) $184,960 (5.3%) 0.00 88
2018-12-01 $138,500 (-12.3%) $176,397 (-0.6%) 0.00 83
2019-01-01 $137,900 (-13.3%) $177,626 (-1.0%) 0.00 73
2019-02-01 $139,450 (-6.7%) $188,322 (11.2%) 0.00 71
2019-03-01 $139,929 (-3.4%) $187,232 (9.6%) 0.00 76
2019-04-01 $139,904 (-6.1%) $183,545 (3.0%) 0.00 80
2019-05-01 $155,750 (3.9%) $182,742 (-1.7%) 0.00 88
2019-06-01 $161,500 (7.0%) $189,277 (2.3%) 0.00 88
2019-07-01 $156,475 (6.1%) $201,852 (11.7%) 0.00 78
2019-08-01 $153,191 (2.5%) $202,514 (12.4%) 0.00 76
2019-09-01 $150,552 (-2.9%) $197,785 (5.6%) 0.00 76
2019-10-01 $154,043 (1.7%) $195,628 (7.1%) 0.00 74
2019-11-01 $168,250 (16.1%) $198,257 (7.2%) 0.00 70
2019-12-01 $169,220 (22.2%) $209,862 (19.0%) 0.00 66
2020-01-01 $174,000 (26.2%) $221,855 (24.9%) 0.00 63
2020-02-01 $169,250 (21.4%) $215,521 (14.4%) 0.00 61
2020-03-01 $179,025 (27.9%) $217,071 (15.9%) 0.00 59
2020-04-01 $184,900 (32.2%) $212,856 (16.0%) 0.00 58
2020-05-01 $180,150 (15.7%) $209,350 (14.6%) 0.00 61
2020-06-01 $173,750 (7.6%) $216,172 (14.2%) 0.00 49
2020-07-01 $175,750 (12.3%) $218,851 (8.4%) 0.00 50
2020-08-01 $174,100 (13.7%) $209,659 (3.5%) 0.00 59
2020-09-01 $172,614 (14.7%) $201,776 (2.0%) 0.00 56
2020-10-01 $173,000 (12.3%) $200,102 (2.3%) 0.00 56
2020-11-01 $175,250 (4.2%) $207,690 (4.8%) 0.00 63
2020-12-01 $189,900 (12.2%) $219,378 (4.5%) 0.00 62
2021-01-01 $177,950 (2.3%) $207,166 (-6.6%) 0.00 51
2021-02-01 $189,950 (12.2%) $221,687 (2.9%) 0.00 44
2021-03-01 $188,088 (5.1%) $225,637 (4.0%) 0.00 43
2021-04-01 $195,650 (5.8%) $235,534 (10.7%) 0.00 39
2021-05-01 $226,200 (25.6%) $266,856 (27.5%) 0.00 43
2021-06-01 $199,000 (14.5%) $249,449 (15.4%) 0.00 40
2021-07-01 $194,450 (10.6%) $241,501 (10.4%) 0.00 50
2021-08-01 $198,500 (14.0%) $245,109 (16.9%) 0.00 58
2021-09-01 $184,750 (7.0%) $221,283 (9.7%) 0.00 53
2021-10-01 $189,000 (9.3%) $223,675 (11.8%) 0.00 55
2021-11-01 $192,000 (9.6%) $239,476 (15.3%) 0.00 61
2021-12-01 $205,000 (8.0%) $238,839 (8.9%) 0.00 62
2022-01-01 $219,500 (23.4%) $255,872 (23.5%) 0.00 59
2022-02-01 $216,075 (13.8%) $263,544 (18.9%) 0.00 53
2022-03-01 $215,000 (14.3%) $255,184 (13.1%) 0.00 54
2022-04-01 $225,000 (15.0%) $295,996 (25.7%) 0.00 19
2022-05-01 $186,428 (-17.6%) $311,610 (16.8%) 0.00 19
2022-06-01 $218,725 (9.9%) $322,263 (29.2%) 0.00 23
2022-07-01 $280,000 (44.0%) $329,139 (36.3%) 0.00 29
2022-08-01 $285,725 (43.9%) $348,461 (42.2%) 0.00 23
2022-09-01 $229,625 (24.3%) $334,226 (51.0%) 0.00 20
2022-10-01 $217,200 (14.9%) $348,364 (55.8%) 0.00 21
2022-11-01 $234,547 (22.2%) $321,043 (34.1%) 0.00 22
2022-12-01 $176,500 (-13.9%) $259,512 (8.7%) 0.00 21
2023-01-01 $194,675 (-11.3%) $264,952 (3.6%) 0.00 19
2023-02-01 $235,875 (9.2%) $280,056 (6.3%) 0.00 18
2023-03-01 $212,375 (-1.2%) $287,976 (12.9%) 0.00 20
2023-04-01 $252,500 (12.2%) $303,627 (2.6%) 0.00 20
2023-05-01 $240,000 (28.7%) $261,756 (-16.0%) 0.00 22
2023-06-01 $256,500 (17.3%) $342,772 (6.4%) 0.00 21
2023-07-01 $265,700 (-5.1%) $350,674 (6.5%) 0.00 24
2023-08-01 $241,750 (-15.4%) $317,805 (-8.8%) 0.00 37
2023-09-01 $237,500 (3.4%) $553,451 (65.6%) 0.00 42
2023-10-01 $284,225 (30.9%) $334,231 (-4.1%) 0.00 36
2023-11-01 $289,000 (23.2%) $330,579 (3.0%) 0.00 36
2023-12-01 $220,000 (24.7%) $310,031 (19.5%) 0.00 34
2024-01-01 $202,700 (4.1%) $323,943 (22.3%) 0.00 32
2024-02-01 $212,528 (-9.9%) $323,811 (15.6%) 0.00 28
2024-03-01 $208,038 (-2.0%) $330,792 (14.9%) 0.00 26
2024-04-01 $234,000 (-7.3%) $322,343 (6.2%) 0.00 24
2024-05-01 $253,500 (5.6%) $323,925 (23.8%) 0.00 26
2024-06-01 $264,300 (3.0%) $290,797 (-15.2%) 0.00 34
2024-07-01 $315,350 (18.7%) $344,573 (-1.7%) 0.00 38
2024-08-01 $312,400 (29.2%) $328,843 (3.5%) 0.00 44
2024-09-01 $306,150 (28.9%) $313,540 (-43.4%) 0.00 44
2024-10-01 $271,700 (-4.4%) $293,926 (-12.1%) 0.00 47
2024-11-01 $259,500 (-10.2%) $288,887 (-12.6%) 0.00 47
2024-12-01 $250,000 (13.6%) $292,807 (-5.6%) 0.00 48
2025-01-01 $250,000 (23.3%) $297,104 (-8.3%) 0.00 44
2025-02-01 $267,175 (25.7%) $328,505 (1.5%) 0.00 43
2025-03-01 $282,900 (36.0%) $333,783 (0.9%) 0.00 45
Gallup's median listing price for 2025-03-01 was $282,900, a difference of $74,862 (36.0%) versus the prior year and $15,725 versus the prior month.

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

Gallup's average listing price for 2025-03-01 was $333,783, a difference of $2,991 (0.9%) versus the prior year and $5,278 versus the prior month.

For the 2025-03-01 period, Gallup had 45 MLS listings, a difference of 2 listings (5%) versus the prior month and 19 listings (73%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Gallup (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,761 sqft
2018-02-01 0 days 1,603 sqft
2018-03-01 0 days 1,596 sqft
2018-04-01 0 days 1,617 sqft
2018-05-01 0 days 1,619 sqft
2018-06-01 0 days 1,608 sqft
2018-07-01 0 days 1,622 sqft
2018-08-01 0 days 1,607 sqft
2018-09-01 0 days 1,650 sqft
2018-10-01 0 days 1,624 sqft
2018-11-01 0 days 1,597 sqft
2018-12-01 0 days 1,572 sqft
2019-01-01 0 days 1,572 sqft
2019-02-01 0 days 1,572 sqft
2019-03-01 0 days 1,540 sqft
2019-04-01 0 days 1,569 sqft
2019-05-01 0 days 1,584 sqft
2019-06-01 0 days 1,589 sqft
2019-07-01 0 days 1,624 sqft
2019-08-01 0 days 1,599 sqft
2019-09-01 0 days 1,593 sqft
2019-10-01 0 days 1,599 sqft
2019-11-01 0 days 1,661 sqft
2019-12-01 0 days 1,737 sqft
2020-01-01 0 days 1,765 sqft
2020-02-01 0 days 1,621 sqft
2020-03-01 0 days 1,698 sqft
2020-04-01 0 days 1,878 sqft
2020-05-01 0 days 1,890 sqft
2020-06-01 0 days 1,893 sqft
2020-07-01 0 days 1,902 sqft
2020-08-01 0 days 1,792 sqft
2020-09-01 0 days 1,652 sqft
2020-10-01 0 days 1,651 sqft
2020-11-01 0 days 1,847 sqft
2020-12-01 0 days 1,929 sqft
2021-01-01 0 days 1,893 sqft
2021-02-01 0 days 1,821 sqft
2021-03-01 0 days 1,804 sqft
2021-04-01 0 days 1,751 sqft
2021-05-01 0 days 1,772 sqft
2021-06-01 0 days 1,749 sqft
2021-07-01 0 days 1,735 sqft
2021-08-01 0 days 1,728 sqft
2021-09-01 0 days 1,649 sqft
2021-10-01 0 days 1,775 sqft
2021-11-01 0 days 1,694 sqft
2021-12-01 0 days 1,712 sqft
2022-01-01 0 days 1,792 sqft
2022-02-01 0 days 1,788 sqft
2022-03-01 0 days 1,792 sqft
2022-04-01 0 days 1,812 sqft
2022-05-01 0 days 1,746 sqft
2022-06-01 0 days 1,982 sqft
2022-07-01 0 days 2,010 sqft
2022-08-01 0 days 1,813 sqft
2022-09-01 0 days 1,615 sqft
2022-10-01 0 days 1,614 sqft
2022-11-01 0 days 1,615 sqft
2022-12-01 0 days 1,581 sqft
2023-01-01 0 days 1,570 sqft
2023-02-01 0 days 1,618 sqft
2023-03-01 0 days 1,689 sqft
2023-04-01 0 days 1,732 sqft
2023-05-01 0 days 1,762 sqft
2023-06-01 0 days 2,000 sqft
2023-07-01 0 days 1,732 sqft
2023-08-01 0 days 1,664 sqft
2023-09-01 0 days 1,581 sqft
2023-10-01 0 days 1,573 sqft
2023-11-01 0 days 1,590 sqft
2023-12-01 0 days 1,527 sqft
2024-01-01 0 days 1,617 sqft
2024-02-01 0 days 1,723 sqft
2024-03-01 0 days 1,566 sqft
2024-04-01 0 days 1,584 sqft
2024-05-01 0 days 1,590 sqft
2024-06-01 0 days 1,782 sqft
2024-07-01 0 days 2,080 sqft
2024-08-01 0 days 2,075 sqft
2024-09-01 0 days 2,108 sqft
2024-10-01 0 days 1,867 sqft
2024-11-01 0 days 1,800 sqft
2024-12-01 0 days 1,778 sqft
2025-01-01 0 days 1,941 sqft
2025-02-01 0 days 2,060 sqft
2025-03-01 0 days 2,100 sqft
Gallup's median listing age (time on market) for 2025-03-01 was 0 days.

Gallup's median square footage for active listings during the 2025-03-01 period was 2,100 sqft. One year prior, the average listing was 1,566 sqft.

Gallup, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 150 $25,600,000 $170,667
Cash Out Refi 27 $4,295,000 $159,074
Home Improvement 18 $1,670,000 $92,778
Refi 18 $3,500,000 $194,444
Other 8 $680,000 $85,000

Gallup's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 78 $16,750,000 $214,744
Over 8% 70 $7,090,000 $101,286
7-8% 43 $6,665,000 $155,000
5-6% 21 $4,725,000 $225,000
<2.5% 5 $75,000 $15,000
4-5% 1 $155,000 $155,000
3-4% 1 $165,000 $165,000

During 2024, Gallup's most frequently originated rate bucket was 6-7%, with 78 originations.

Loan Sizing (Gallup, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 90 $12,800,000 $142,222
$200k-400k 65 $18,055,000 $277,769
$100,000 or less 63 $3,395,000 $53,889
$400k-600k 2 $880,000 $440,000
$600k-1000k 1 $615,000 $615,000

Gallup's loan sizing saw the bucket of loans from $100k-200k with 90 originations, totaling $12,800,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 107 $21,165,000 $197,804
60-80% 48 $8,670,000 $180,625
40-60% 20 $2,480,000 $124,000
Under 20% 20 $270,000 $13,500
20-40% 19 $1,505,000 $79,211
Over 100% 3 $945,000 $315,000

Gallup's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 107 originations, totaling $21,165,000 in origination value.