Gallup Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Gallup averaged 6.72% for the week of 2025-07-10, compared to the national average of 6.72% for the same period.

    The average rate for the prior week (2025-07-03) was 6.77% and one month ago for the week of 2025-06-05, the average rate was 6.95%.

    Gallup's average rate one year ago was 7.05%.

    For refis of the same type during the week of 2025-07-10, the average rate was 7.32%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-10 6.72%
    Gallup 30 Year Fixed Rate 2025-07-10 6.72%
    Gallup 30 Year Fixed Rate Refi 2025-07-10 7.32%
    Gallup 15 Year Fixed Rate 2025-07-10 5.66%
    Gallup 15 Year Fixed Rate Refi 2025-07-10 5.96%
    Gallup 30 Year FHA 2025-07-10 6.62%
    Gallup 30 Year FHA Refi 2025-07-10 6.62%
    Gallup 30 Year USDA 2025-07-10 6.65%
    Gallup 30 Year USDA Refi 2025-07-10 6.35%
    Gallup 30 Year VA 2025-07-10 6.37%
    Gallup 30 Year VA Refi 2025-07-10 6.27%
    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
    2025-04-01 $257,450 (10.0%) $319,025 (-1.0%) 0.00 46
    2025-05-01 $264,900 (4.5%) $314,074 (-3.0%) 0.00 57
    2025-06-01 $257,500 (-2.6%) $328,718 (13.0%) 0.00 58
    Gallup's median listing price for 2025-06-01 was $257,500, a difference of $-6,800 (-2.6%) versus the prior year and $-7,400 versus the prior month.

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

    Gallup's average listing price for 2025-06-01 was $328,718, a difference of $37,921 (13.0%) versus the prior year and $14,644 versus the prior month.

    For the 2025-06-01 period, Gallup had 58 MLS listings, a difference of 1 listings (2%) versus the prior month and 24 listings (71%) 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
    2025-04-01 0 days 2,051 sqft
    2025-05-01 0 days 2,052 sqft
    2025-06-01 0 days 2,007 sqft
    Gallup's median listing age (time on market) for 2025-06-01 was 0 days.

    Gallup's median square footage for active listings during the 2025-06-01 period was 2,007 sqft. One year prior, the average listing was 1,782 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.