Grants Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Grants averaged
6.61%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.94% and
one month ago for the week of 2025-05-15, the
average rate was 6.61%.
Grants's average rate one year ago was 6.75%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.11%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Grants 30 Year Fixed Rate | 2025-06-18 | 6.61% |
| Grants 30 Year Fixed Rate Refi | 2025-06-18 | 7.11% |
| Grants 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Grants 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| Grants 30 Year FHA | 2025-06-18 | -0.2% |
| Grants 30 Year FHA Refi | 2025-06-18 | 0% |
| Grants 30 Year USDA | 2025-06-18 | -0.2% |
| Grants 30 Year USDA Refi | 2025-06-18 | 0% |
| Grants 30 Year VA | 2025-06-18 | 0% |
| Grants 30 Year VA Refi | 2025-06-18 | 0% |
Grants 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 Grants, 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 | 7 | 6.62% | $6,881 |
| GUILD MORTGAGE COMPANY | 5 | 6.85% | $5,834 |
| JPMorgan Chase Bank | 3 | 6.42% | $3,470 |
| 21ST MORTGAGE CORPORATION | 2 | 8.40% | $6,077 |
| CALCON MUTUAL MORTGAGE LLC | 2 | 6.56% | $4,767 |
| Wells Fargo Bank | 2 | 6.88% | $3,344 |
| FREEDOM MORTGAGE CORPORATION | 1 | 8.50% | $10,052 |
| First Federal Bank | 1 | 6.50% | $2,982 |
| CMG MORTGAGE, INC. | 1 | 6.50% | $6,024 |
| Kirtland Federal Credit Union | 1 | 5.13% | $4,707 |
| LOANDEPOT.COM, LLC | 1 | 7.38% | $5,405 |
| NAVY FEDERAL CREDIT UNION | 1 | 6.50% | $1,295 |
| NBKC BANK | 1 | 7.50% | $4,671 |
| NUSENDA | 1 | 6.75% | $2,614 |
| BOKF | 1 | 7.13% | $5,322 |
| U.S. Bank | 1 | 6.88% | $9,086 |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 7.99% | $7,104 |
| First Financial Credit Union | 1 | 6.88% | $4,682 |
Grants Average Closing Costs & Other Stats
Grants, NM's 18 lenders originated 156
loans during 2024. The total origination value was $21,840,000, with an average loan value of
$140,000.
Grants's average closing costs are $5,361.
The top Grants lender as defined by loan originations is QUICKEN LOANS, LLC, with
7 loans originated. Their average total fees are
$6,881, which is $1,047
higher than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Grants lenders (with over 10 loans originated) are
.
The lowest rate Grants lenders (with over 10 loans originated) are
.
Grants, 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 | $555,000 | $3,360,000 | 505.4% | 15.4% |
| CMG MORTGAGE, INC. | $2,105,000 | $2,565,000 | 21.9% | 11.7% |
| 21ST MORTGAGE CORPORATION | $2,675,000 | $1,785,000 | -33.3% | 8.2% |
| AMERITRUST MORTGAGE CORPORATION | $1,720,000 | n/a | 7.9% | |
| GUILD MORTGAGE COMPANY | $355,000 | $1,015,000 | 185.9% | 4.6% |
| CALCON MUTUAL MORTGAGE LLC | $1,520,000 | $830,000 | -45.4% | 3.8% |
| MID AMERICA MORTGAGE, INC. | $640,000 | n/a | 2.9% | |
| NAVY FEDERAL CREDIT UNION | $135,000 | $610,000 | 351.9% | 2.8% |
| NUSENDA | $295,000 | $480,000 | 62.7% | 2.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $405,000 | $455,000 | 12.3% | 2.1% |
| BROKER SOLUTIONS, INC. | $375,000 | n/a | 1.7% | |
| LOANDEPOT.COM, LLC | $325,000 | n/a | 1.5% | |
| NEW DAY FINANCIAL, LLC | $320,000 | n/a | 1.5% | |
| UNITED WHOLESALE MORTGAGE, LLC | $305,000 | $300,000 | -1.6% | 1.4% |
| First Financial Credit Union | $75,000 | $295,000 | 293.3% | 1.4% |
| SANDIA AREA | $55,000 | $290,000 | 427.3% | 1.3% |
| FREEDOM MORTGAGE CORPORATION | $270,000 | n/a | 1.2% | |
| First Federal Bank | $265,000 | n/a | 1.2% | |
| JPMorgan Chase Bank | $265,000 | n/a | 1.2% | |
| NBKC BANK | $265,000 | n/a | 1.2% | |
| Mortgage Research Center, LLC | $615,000 | $250,000 | -59.3% | 1.1% |
| U.S. Bank | $185,000 | $235,000 | 27.0% | 1.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $215,000 | n/a | 1.0% | |
| BOKF | $210,000 | n/a | 1.0% | |
| CORNERSTONE HOME LENDING, INC. | $85,000 | $205,000 | 141.2% | 0.9% |
| MOVEMENT MORTGAGE, LLC | $195,000 | n/a | 0.9% | |
| Plains Commerce Bank | $195,000 | n/a | 0.9% | |
| Waterstone Mortgage Corporation | $170,000 | n/a | 0.8% | |
| USAA Federal Savings Bank | $165,000 | n/a | 0.8% | |
| AMERICA FIRST | $155,000 | n/a | 0.7% | |
| Carrington Mortgage Services, LLC | $125,000 | $155,000 | 24.0% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $210,000 | $155,000 | -26.2% | 0.7% |
| Wells Fargo Bank | $400,000 | $150,000 | -62.5% | 0.7% |
| Barrington Bank & Trust Company, N.A. | $205,000 | $135,000 | -34.1% | 0.6% |
| DIRECTORS MORTGAGE, INC. | $115,000 | n/a | 0.5% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $105,000 | $105,000 | 0.0% | 0.5% |
| Kirtland Federal Credit Union | $55,000 | $105,000 | 90.9% | 0.5% |
| MOUNTAIN AMERICA | $270,000 | $100,000 | -63.0% | 0.5% |
| Bank of America | $45,000 | $95,000 | 111.1% | 0.4% |
| TBK BANK, SSB | $85,000 | n/a | 0.4% | |
| LOANPAL, LLC | $55,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $55,000 | n/a | 0.3% | |
| PNC Bank | $55,000 | n/a | 0.3% | |
| U.S. EAGLE | $25,000 | $25,000 | 0.0% | 0.1% |
| Coastal Community Bank | $5,000 | n/a | 0.0% |
Grants's top lender by overall market share is QUICKEN LOANS, LLC, with 15.4% market share. In second place, with 11.7%, is CMG MORTGAGE, INC., having originated $2,565,000 in loans. In third place, with 8.2%, is 21ST MORTGAGE CORPORATION, having originated $1,785,000 in loans. In fourth place, with 7.9%, is AMERITRUST MORTGAGE CORPORATION, having originated $1,720,000 in loans. In fifth place, with 4.6%, is GUILD MORTGAGE COMPANY, having originated $1,015,000 in loans.
Grants, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 92 | $13,030,000 | $141,630 |
| Cash Out Refi | 44 | $6,810,000 | $154,773 |
| Refi | 9 | $1,265,000 | $140,556 |
| Other | 7 | $365,000 | $52,143 |
| Home Improvement | 4 | $370,000 | $92,500 |
Grants's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 53 | $8,035,000 | $151,604 |
| 7-8% | 39 | $6,315,000 | $161,923 |
| Over 8% | 30 | $3,400,000 | $113,333 |
| 5-6% | 20 | $3,260,000 | $163,000 |
| <2.5% | 2 | $30,000 | $15,000 |
| 4-5% | 1 | $165,000 | $165,000 |
During 2024, Grants's most frequently originated rate bucket was 6-7%, with 53 originations.
Loan Sizing (Grants, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 77 | $11,895,000 | $154,481 |
| $100,000 or less | 50 | $2,260,000 | $45,200 |
| $200k-400k | 29 | $7,685,000 | $265,000 |
Grants's loan sizing saw the bucket of loans from $100k-200k with 77 originations, totaling $11,895,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 66 | $11,820,000 | $179,091 |
| 60-80% | 43 | $7,175,000 | $166,860 |
| Under 20% | 20 | $260,000 | $13,000 |
| 40-60% | 9 | $965,000 | $107,222 |
| 20-40% | 8 | $450,000 | $56,250 |
| Over 100% | 3 | $355,000 | $118,333 |
Grants's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 66 originations, totaling $11,820,000 in origination value.