LAS CRUCES Mortgage Rates

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

30 Year Fixed Rate mortgages in Las Cruces averaged 5.19% for the week of 2022-08-04, compared to the national average of 4.99% for the same period.

The average rate for the prior week (2022-07-28) was 5.5% and one month ago for the week of 2022-06-30, the average rate was 6.1%.

Las Cruces's average rate one year ago was 3.24%.

For refis of the same type during the week of 2022-08-04, the average rate was 4.89%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-08-04 4.99%
Las Cruces 30 Year Fixed Rate 2022-08-04 5.19%
Las Cruces 30 Year Fixed Rate Refi 2022-08-04 4.89%
Las Cruces 15 Year Fixed Rate 2022-08-04 4.81%
Las Cruces 15 Year Fixed Rate Refi 2022-08-04 4.5%
Las Cruces 30 Year FHA 2022-08-04 5.09%
Las Cruces 30 Year FHA Refi 2022-08-04 5.45%
Las Cruces 30 Year USDA 2022-08-04 5.29%
Las Cruces 30 Year VA 2022-08-04 5.32%
Las Cruces 30 Year VA Refi 2022-08-04 5.12%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LAS CRUCES, NM.

LAS CRUCES 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 LAS CRUCES, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Citizens Bank of Las Cruces 488 2.96% $2,534
QUICKEN LOANS, LLC 389 3.11% $4,823
PRIMARY RESIDENTIAL MORTGAGE, INC. 141 3.21% $3,525
First American Bank 105 2.97% $2,034
Wells Fargo Bank 86 3.29% $3,918
MANN FINANCIAL INC. 80 3.33% $5,669
BROKER SOLUTIONS, INC. 76 3.23% $4,331
Waterstone Mortgage Corporation 73 3.57% $4,450
LOANDEPOT.COM, LLC 73 3.07% $5,320
Gateway First Bank 67 3.23% $3,293
AMERISAVE MORTGAGE CORPORATION 60 2.91% $5,380
UNITED WHOLESALE MORTGAGE, LLC 49 3.03% $4,710
FirstLight Federal Credit Union 48 3.29% $4,389
PRIMELENDING, A PLAINSCAPITAL COMPANY 45 3.47% $3,246
SUN AMERICAN MORTGAGE COMPANY 45 3.19% $3,639
BETTER MORTGAGE CORPORATION 42 2.95% $2,949
CORNERSTONE HOME LENDING, INC. 40 3.22% $3,596
JPMorgan Chase Bank 40 3.09% $2,952
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 39 3.18% $5,287
MOVEMENT MORTGAGE, LLC 37 3.17% $2,685
GUARANTEED RATE, INC. 36 3.09% $4,831
U.S. Bank 36 3.13% $3,533
ANGEL OAK HOME LOANS LLC 31 3.39% $4,369
LOANPAL, LLC 30 3.11% $5,893
CALIBER HOME LOANS, INC. 27 3.15% $3,302
AMCAP MORTGAGE, LTD. 26 3.24% $5,612
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 24 3.25% $4,753
Mr. Cooper ( Nationstar Mortgage ) 23 3.32% $5,818
Sunflower Bank 21 3.41% $3,844
Bank of America 21 2.95% $2,927
BBVA USA 19 3.48% $5,722
LEGACY MORTGAGE LLC 19 3.57% $4,500
NAVY FEDERAL CREDIT UNION 18 3.35% $3,560
HOMEBRIDGE FINANCIAL SERVICES, INC. 16 3.16% $6,005
GUILD MORTGAGE COMPANY 15 3.29% $4,735
Bank of the West 15 3.27% $4,214
NEWREZ LLC 15 3.21% $4,420
PENNYMAC LOAN SERVICES, LLC 14 3.15% $4,766
KELLER MORTGAGE, LLC 14 3.37% $2,370
CMG MORTGAGE, INC. 13 3.26% $5,125
ZILLOW HOME LOANS, LLC 13 3.04% $5,133
MUTUAL OF OMAHA MORTGAGE, INC. 11 3.08% $4,206
AMERICAN FINANCING CORPORATION 10 3.07% $4,480
Commerce Home Mortgage, Inc. 10 3.31% $5,306
CADENCE LENDING GROUP, INC. 9 3.06% $4,525
Flagstar Bank, FSB 9 3.33% $3,295
Washington Federal Bank 9 3.07% $7,674
City Bank 8 3.19% $4,722
BOKF 8 3.44% $3,555
FREEDOM MORTGAGE CORPORATION 8 3.11% $2,172
White Sands Federal Credit Union 7 3.33% $11,914
FINANCE OF AMERICA MORTGAGE LLC 7 3.34% $3,770
CERTAINTY HOME LOANS, LLC 6 3.35% $5,343
Ally Bank 6 2.81% $6,722
HOME POINT FINANCIAL CORPORATION 5 3.18% $3,668
SECURITYNATIONAL MORTGAGE COMPANY 5 3.77% $5,763
USAA Federal Savings Bank 5 2.83% $5,537
Paramount Residential Mortgage Group, Inc. 5 3.19% $6,207
NUSENDA 5 3.40% $3,419
ACADEMY MORTGAGE CORPORATION 5 3.28% $5,470
LAKEVIEW LOAN SERVICING, LLC 5 3.30% $3,705
RESIDENTIAL BANCORP. 5 2.95% $4,678
BELEM SERVICING LLC 4 3.44% $2,932
Carrington Mortgage Services, LLC 4 3.56% $8,075
Citizens Bank 4 3.03% $3,159
First National Bank Texas 4 3.31% $4,472
HOMESIDE FINANCIAL, LLC 4 3.16% $6,169
Loan Simple, Inc. 4 2.37% $3,143
Low VA Rates, LLC 4 3.22% $2,660
Mortgage Research Center, LLC 4 2.75% $3,019
MOUNTAIN AMERICA 4 3.00% $4,971
Nations Lending Corporation 4 3.34% $6,758
Northpointe Bank 4 3.19% $3,709
Town Square Mortgage & Investments, Inc. 4 3.22% $3,271
AMERICAN INTERNET MORTGAGE, INC. 3 2.96% $2,809
PLANET HOME LENDING, LLC 3 3.29% $2,137
MEMBER FIRST MORTGAGE, LLC 3 3.83% $3,322
S1L, Inc. 3 3.25% $3,353
Watermark Capital, Inc. 3 2.87% $4,586
InterContinental Capital Group, Inc 3 3.38% $7,365
CANOPY MORTGAGE, LLC 3 2.96% $3,853
CHURCHILL MORTGAGE CORPORATION 3 4.00% $4,608
TIB The Independent Bankersbank 3 3.00% $2,480
NOVA FINANCIAL & INVESTMENT CORPORATION 3 3.16% $4,000
North American Savings Bank, F.S.B. 3 4.13% $4,174
EL PASO AREA TEACHERS 3 3.67% $9,038
V.I.P. MORTGAGE, INC. 3 3.25% $3,649
CHERRY CREEK MORTGAGE, LLC 3 2.87% $725
RELIANCE FIRST CAPITAL, LLC 3 2.91% $6,616
MORIA DEVELOPMENT, INC. 2 3.88% $4,654
PLAZA HOME MORTGAGE, INC. 2 3.19% $4,110
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.38% $4,880
VAN DYK MORTGAGE CORPORATION 2 3.25% $1,272
First Guaranty Mortgage Corporation 2 3.31% $3,570
Chickasaw Community Bank 2 2.81% $5,218
Chicago Mortgage Solutions LLC 2 2.80% $2,094
DIGITAL Federal Credit Union 2 2.81% $3,551
The Federal Savings Bank 2 3.38% $6,298
Neighborhood Loans, Inc. 2 3.06% $4,366
ROYAL UNITED MORTGAGE LLC 2 3.56% $6,497
Charles Schwab Bank, SSB 2 2.14% $3,632
Barrington Bank & Trust Company, N.A. 2 2.88% $3,519
SOVEREIGN LENDING GROUP INCORPORATED 2 2.93% $4,430
FirstBank 2 2.75% $3,790
STEARNS LENDING, LLC 2 2.94% $4,440
Strong Home Mortgage, LLC 2 2.88% $2,037
Evolve Bank & Trust 2 4.13% $6,128
Arvest Bank 2 2.75% $4,012
SUN WEST MORTGAGE COMPANY, INC. 2 3.16% $2,759
The Central Trust Bank 2 2.69% $4,162
Wallick & Volk, Inc. 2 3.69% $4,786
DRAPER AND KRAMER MORTGAGE CORP. 2 2.63% $2,444
Presidential Bank, FSB 1 2.75% $1,881
BKCO MORTGAGE, LLC 1 3.38% $2,690
Prime Choice Funding Inc. 1 3.38% $4,381
Bell Bank 1 2.75% $2,252
Prosperity Home Mortgage, LLC 1 3.13% $5,229
BAY EQUITY LLC 1 3.25% $2,553
RANLIFE, INC. 1 3.38% $4,529
Baxter Credit Union 1 2.88% $3,949
Rocky Mountain Mortgage Company 1 3.50% $3,348
SANDIA AREA 1 3.38% $4,886
SCIENT Federal Credit Union 1 3.13% $2,035
Service Federal Credit Union 1 3.38% $3,117
Simmons Bank 1 2.50% $2,140
STAR ONE CREDIT UNION 1 2.88% $3,019
State Department Federal Credit Union 1 3.13% $8,040
Stifel Bank and Trust 1 2.13% $3,825
Bank of England 1 3.00% $2,974
TOWER 1 2.88% $3,920
A&D Mortgage LLC 1 4.75% $14,687
UNION HOME MORTGAGE CORP. 1 3.13% $10,843
UNITED 1 3.13% $3,212
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $5,736
ARC HOME LLC 1 3.88% $21,372
Amerifirst Financial, Inc. 1 3.00% $4,646
First Home Bank 1 3.00% $7,591
FIRST COMMUNITY MORTGAGE, INC. 1 3.00% $2,590
First National Bank 1 2.88% $2,951
First National Bank of America 1 6.75% $8,451
First National Bank of Omaha 1 3.38% $4,153
First Savings Bank 1 3.13% $2,942
FIRST TECHNOLOGY 1 3.25% $3,174
First State Bank of St. Charles, Missouri 1 3.00% $4,013
First-Citizens Bank & Trust Company 1 3.25% $5,456
Franklin Loan Corporation 1 3.00% $3,493
Fidelity Bank 1 3.38% $4,029
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.25% $4,249
EVERETT FINANCIAL, INC. 1 3.13% $3,199
Enterprise Bank & Trust 1 2.50% $3,111
HOMESTEAD FUNDING CORP. 1 2.88% $3,817
HOME TOWN FUNDING, INC. 1 3.00% $8,878
HOMETRUST MORTGAGE COMPANY 1 3.38% $4,237
IMPAC MORTGAGE CORP. 1 2.75% $6,864
Ixonia Bank 1 2.50% $2,610
EASTMAN 1 3.00% $3,745
LEADERONE FINANCIAL CORPORATION 1 2.75% $10,787
CROSSCOUNTRY MORTGAGE, LLC 1 3.25% $2,766
LENDSURE MORTGAGE CORP. 1 3.63% $8,194
CONTOUR MORTGAGE CORPORATION 1 3.00% $6,048
Colonial Savings, F.A. 1 3.50% $2,435
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.13% $3,594
LRS FINANCIAL NETWORK, INC. 1 2.88% $3,542
Magnolia Bank 1 3.38% $7,792
CITYWIDE HOME LOANS, LLC 1 3.25% $6,117
Manufacturers and Traders Trust Company 1 3.38% $8,377
Merchants Bank of Indiana 1 2.63% $7,467
MID AMERICA MORTGAGE, INC. 1 3.00% $4,587
Midwest Community Bank 1 3.13% $1,781
ALL WESTERN MORTGAGE, INC. 1 3.88% $3,694
NASA Federal Credit Union 1 2.75% $2,928
WESCOM CENTRAL CREDIT UNION 1 2.88% $3,067
NBH Bank 1 3.37% $5,412
ALLIANT CREDIT UNION 1 2.88% $3,331
CELEBRITY HOME LOANS, LLC 1 3.13% $4,579
ONE NEVADA CREDIT UNION 1 3.13% $1,668
BNC National Bank 1 2.63% $4,334
PENTAGON FEDERAL CREDIT UNION 1 3.38% $2,872
PHH Mortgage Corporation 1 4.38% $5,073
Pinnacle Bank 1 3.50% $6,222
PNC Bank 1 2.75% $4,365

LAS CRUCES, NM's 181 lenders originated 7,483 loans during 2021. The total origination value was $1,489,025,000, with an average loan value of $198,988.

The top LAS CRUCES lender as defined by loan originations is Citizens Bank of Las Cruces, with 488 loans originated. Their average total fees are $2,534, which is $2,289 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee LAS CRUCES lenders (with over 10 loans originated) are First American Bank ($2,034), KELLER MORTGAGE, LLC ($2,370), Citizens Bank of Las Cruces ($2,534), MOVEMENT MORTGAGE, LLC ($2,685) and Bank of America ($2,927).

The lowest rate LAS CRUCES lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.91%), Bank of America (2.95%), BETTER MORTGAGE CORPORATION (2.95%), Citizens Bank of Las Cruces (2.96%) and First American Bank (2.97%).

LAS CRUCES, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Citizens Bank of Las Cruces $176,065,000 $180,020,000 2.2% 12.1%
QUICKEN LOANS, LLC $143,055,000 $177,295,000 23.9% 11.9%
First American Bank $81,515,000 $56,640,000 -30.5% 3.8%
BROKER SOLUTIONS, INC. $67,155,000 $55,990,000 -16.6% 3.8%
FREEDOM MORTGAGE CORPORATION $55,760,000 $53,785,000 -3.5% 3.6%
PRIMARY RESIDENTIAL MORTGAGE, INC. $39,065,000 $51,305,000 31.3% 3.4%
Mortgage Research Center, LLC $27,585,000 $40,785,000 47.9% 2.7%
LOANDEPOT.COM, LLC $27,140,000 $37,895,000 39.6% 2.5%
MANN FINANCIAL INC. $18,315,000 $36,570,000 99.7% 2.5%
Waterstone Mortgage Corporation $25,475,000 $33,640,000 32.1% 2.3%
Wells Fargo Bank $29,895,000 $31,690,000 6.0% 2.1%
Gateway First Bank $22,895,000 $30,330,000 32.5% 2.0%
First New Mexico Bank, Las Cruces $33,655,000 $28,335,000 -15.8% 1.9%
AMERISAVE MORTGAGE CORPORATION $11,125,000 $22,630,000 103.4% 1.5%
UNITED WHOLESALE MORTGAGE, LLC $12,985,000 $21,055,000 62.1% 1.4%
NAVY FEDERAL CREDIT UNION $12,125,000 $20,175,000 66.4% 1.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,200,000 $19,290,000 776.8% 1.3%
FirstLight Federal Credit Union $29,005,000 $18,605,000 -35.9% 1.2%
Mr. Cooper ( Nationstar Mortgage ) $13,085,000 $17,910,000 36.9% 1.2%
SUN AMERICAN MORTGAGE COMPANY $2,145,000 $16,940,000 689.7% 1.1%
Washington Federal Bank $12,045,000 $16,690,000 38.6% 1.1%
U.S. Bank $16,285,000 $16,355,000 0.4% 1.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,305,000 $15,335,000 364.0% 1.0%
BETTER MORTGAGE CORPORATION $7,005,000 $15,245,000 117.6% 1.0%
GUARANTEED RATE, INC. $17,875,000 $15,205,000 -14.9% 1.0%
PENNYMAC LOAN SERVICES, LLC $10,500,000 $15,045,000 43.3% 1.0%
CORNERSTONE HOME LENDING, INC. $18,640,000 $14,805,000 -20.6% 1.0%
MOVEMENT MORTGAGE, LLC $15,480,000 $14,060,000 -9.2% 0.9%
CALIBER HOME LOANS, INC. $12,995,000 $13,460,000 3.6% 0.9%
USAA Federal Savings Bank $20,590,000 $13,350,000 -35.2% 0.9%
AMCAP MORTGAGE, LTD. $8,905,000 $13,020,000 46.2% 0.9%
JPMorgan Chase Bank $7,070,000 $13,020,000 84.2% 0.9%
Commerce Home Mortgage, Inc. $3,350,000 $11,375,000 239.6% 0.8%
LAKEVIEW LOAN SERVICING, LLC $7,000,000 $10,990,000 57.0% 0.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $7,220,000 $10,700,000 48.2% 0.7%
LOANPAL, LLC $12,035,000 $9,940,000 -17.4% 0.7%
ANGEL OAK HOME LOANS LLC $2,790,000 $9,655,000 246.1% 0.6%
NEWREZ LLC $3,265,000 $9,120,000 179.3% 0.6%
BBVA USA $14,915,000 $8,330,000 -44.2% 0.6%
HOMEBRIDGE FINANCIAL SERVICES, INC. $9,410,000 $8,300,000 -11.8% 0.6%
Sunflower Bank $8,260,000 $7,950,000 -3.8% 0.5%
LEGACY MORTGAGE LLC $2,265,000 $7,650,000 237.7% 0.5%
Bank of America $9,395,000 $7,425,000 -21.0% 0.5%
21ST MORTGAGE CORPORATION $5,920,000 $7,315,000 23.6% 0.5%
CMG MORTGAGE, INC. $5,720,000 $7,130,000 24.7% 0.5%
White Sands Federal Credit Union $16,625,000 $7,055,000 -57.6% 0.5%
GUILD MORTGAGE COMPANY $810,000 $6,990,000 763.0% 0.5%
NEW DAY FINANCIAL, LLC $5,230,000 $6,640,000 27.0% 0.4%
BOKF $6,535,000 $6,005,000 -8.1% 0.4%
NORTHMARQ CAPITAL FINANCE, L.L.C. $6,005,000 n/a 0.4%
CLEARPATH LENDING $10,220,000 $5,840,000 -42.9% 0.4%
Bank of the West $5,220,000 $5,725,000 9.7% 0.4%
The Federal Savings Bank $5,330,000 $5,440,000 2.1% 0.4%
CASTLE & COOKE MORTGAGE, LLC $3,075,000 $4,880,000 58.7% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $3,695,000 $4,640,000 25.6% 0.3%
CERTAINTY HOME LOANS, LLC $3,265,000 $4,595,000 40.7% 0.3%
KELLER MORTGAGE, LLC $4,045,000 $4,465,000 10.4% 0.3%
MID AMERICA MORTGAGE, INC. $795,000 $4,400,000 453.5% 0.3%
PLANET HOME LENDING, LLC $3,835,000 $4,140,000 8.0% 0.3%
CADENCE LENDING GROUP, INC. $2,170,000 $3,930,000 81.1% 0.3%
Carrington Mortgage Services, LLC $3,365,000 $3,820,000 13.5% 0.3%
SUN WEST MORTGAGE COMPANY, INC. $3,070,000 $3,785,000 23.3% 0.3%
VILLAGE CAPITAL & INVESTMENT LLC $3,630,000 $3,745,000 3.2% 0.3%
ZILLOW HOME LOANS, LLC $1,135,000 $3,735,000 229.1% 0.3%
City Bank $1,865,000 $3,690,000 97.9% 0.2%
AMERICAN FINANCING CORPORATION $2,360,000 $3,535,000 49.8% 0.2%
HOME POINT FINANCIAL CORPORATION $1,415,000 $3,405,000 140.6% 0.2%
North American Savings Bank, F.S.B. $225,000 $3,275,000 1,355.6% 0.2%
Low VA Rates, LLC $2,300,000 $3,190,000 38.7% 0.2%
Flagstar Bank, FSB $1,355,000 $3,135,000 131.4% 0.2%
PENTAGON FEDERAL CREDIT UNION $2,390,000 $2,945,000 23.2% 0.2%
NUSENDA $1,625,000 $2,930,000 80.3% 0.2%
UNION HOME MORTGAGE CORP. $1,180,000 $2,845,000 141.1% 0.2%
First National Bank Texas $1,560,000 $2,810,000 80.1% 0.2%
Nations Lending Corporation $425,000 $2,560,000 502.4% 0.2%
PLAZA HOME MORTGAGE, INC. $1,355,000 $2,525,000 86.3% 0.2%
Barrington Bank & Trust Company, N.A. $3,890,000 $2,430,000 -37.5% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $1,250,000 $2,335,000 86.8% 0.2%
Ally Bank $1,060,000 $2,330,000 119.8% 0.2%
HOMESIDE FINANCIAL, LLC $2,060,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $615,000 $2,030,000 230.1% 0.1%
First Guaranty Mortgage Corporation $1,715,000 $1,875,000 9.3% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $3,145,000 $1,800,000 -42.8% 0.1%
BELEM SERVICING LLC $1,455,000 $1,775,000 22.0% 0.1%
SECURITYNATIONAL MORTGAGE COMPANY $1,650,000 $1,755,000 6.4% 0.1%
CHERRY CREEK MORTGAGE, LLC $260,000 $1,660,000 538.5% 0.1%
Town Square Mortgage & Investments, Inc. $410,000 $1,630,000 297.6% 0.1%
Citizens Bank $1,670,000 $1,605,000 -3.9% 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $1,695,000 $1,600,000 -5.6% 0.1%
RESIDENTIAL BANCORP. $1,560,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $285,000 $1,545,000 442.1% 0.1%
Amerifirst Financial, Inc. $345,000 $1,490,000 331.9% 0.1%
Northpointe Bank $390,000 $1,430,000 266.7% 0.1%
PNC Bank $410,000 $1,430,000 248.8% 0.1%
EL PASO AREA TEACHERS $825,000 $1,390,000 68.5% 0.1%
V.I.P. MORTGAGE, INC. $1,835,000 $1,360,000 -25.9% 0.1%
MOUNTAIN AMERICA $165,000 $1,340,000 712.1% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $215,000 $1,315,000 511.6% 0.1%
RELIANCE FIRST CAPITAL, LLC $985,000 $1,150,000 16.8% 0.1%
TRIAD FINANCIAL SERVICES, INC. $400,000 $1,150,000 187.5% 0.1%
Loan Simple, Inc. $730,000 $1,125,000 54.1% 0.1%
Bank of England $195,000 $1,095,000 461.5% 0.1%
First Savings Bank $250,000 $1,095,000 338.0% 0.1%
Wyndham Capital Mortgage, Inc. $345,000 $1,090,000 215.9% 0.1%
KS StateBank $555,000 $1,080,000 94.6% 0.1%
CANOPY MORTGAGE, LLC $1,070,000 n/a 0.1%
NOVA FINANCIAL & INVESTMENT CORPORATION $2,030,000 $1,070,000 -47.3% 0.1%
Colonial Savings, F.A. $1,045,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $2,900,000 $1,030,000 -64.5% 0.1%
MEMBER FIRST MORTGAGE, LLC $915,000 $1,030,000 12.6% 0.1%
Rocky Mountain Mortgage Company $900,000 $1,030,000 14.4% 0.1%
First Federal Bank $805,000 $1,025,000 27.3% 0.1%
BAY EQUITY LLC $155,000 $1,015,000 554.8% 0.1%
Pioneer Bank $11,440,000 $1,010,000 -91.2% 0.1%
CHURCHILL MORTGAGE CORPORATION $1,030,000 $1,005,000 -2.4% 0.1%
FINANCE OF AMERICA REVERSE LLC $275,000 $1,000,000 263.6% 0.1%
STEARNS LENDING, LLC $595,000 $1,000,000 68.1% 0.1%
InterContinental Capital Group, Inc $340,000 $950,000 179.4% 0.1%
BNC National Bank $2,025,000 $935,000 -53.8% 0.1%
EMBRACE HOME LOANS, INC. $310,000 $930,000 200.0% 0.1%
Franklin Loan Corporation $930,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $135,000 $915,000 577.8% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $1,125,000 $895,000 -20.4% 0.1%
VAN DYK MORTGAGE CORPORATION $390,000 $860,000 120.5% 0.1%
Chicago Mortgage Solutions LLC $810,000 n/a 0.1%
IMPAC MORTGAGE CORP. $205,000 $785,000 282.9% 0.1%
Kirtland Federal Credit Union $280,000 $775,000 176.8% 0.1%
AMERICAN ADVISORS GROUP $340,000 $755,000 122.1% 0.1%
Stifel Bank and Trust $740,000 n/a 0.0%
Strong Home Mortgage, LLC $740,000 n/a 0.0%
ACCELERATE MORTGAGE, LLC $295,000 $715,000 142.4% 0.0%
Farm Credit Mid-America, ACA $715,000 n/a 0.0%
FirstBank $1,225,000 $715,000 -41.6% 0.0%
NBH Bank $855,000 $715,000 -16.4% 0.0%
Charles Schwab Bank, SSB $700,000 n/a 0.0%
The Central Trust Bank $690,000 n/a 0.0%
Figure Lending LLC $100,000 $665,000 565.0% 0.0%
Wallick & Volk, Inc. $235,000 $665,000 183.0% 0.0%
CONTOUR MORTGAGE CORPORATION $330,000 $655,000 98.5% 0.0%
Magnolia Bank $1,685,000 $655,000 -61.1% 0.0%
Watermark Capital, Inc. $125,000 $640,000 412.0% 0.0%
HOMESTEAD FUNDING CORP. $630,000 $635,000 0.8% 0.0%
NBKC BANK $1,990,000 $630,000 -68.3% 0.0%
Arvest Bank $145,000 $625,000 331.0% 0.0%
ARC HOME LLC $145,000 $605,000 317.2% 0.0%
S1L, Inc. $605,000 n/a 0.0%
Discover Bank $705,000 $600,000 -14.9% 0.0%
Prosperity Home Mortgage, LLC $595,000 n/a 0.0%
TIB The Independent Bankersbank $1,105,000 $570,000 -48.4% 0.0%
NP, Inc. $750,000 $565,000 -24.7% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $280,000 $560,000 100.0% 0.0%
First State Bank of St. Charles, Missouri $560,000 n/a 0.0%
SIRVA MORTGAGE, INC. $555,000 n/a 0.0%
EVERETT FINANCIAL, INC. $220,000 $530,000 140.9% 0.0%
GUARANTEED RATE AFFINITY, LLC $215,000 $530,000 146.5% 0.0%
MORIA DEVELOPMENT, INC. $520,000 $530,000 1.9% 0.0%
Equity Prime Mortgage LLC $510,000 n/a 0.0%
First National Bank of Omaha $500,000 n/a 0.0%
LENDUS, LLC $525,000 $490,000 -6.7% 0.0%
DAS Acquisition Company, LLC $465,000 n/a 0.0%
Paramount Bank $315,000 $465,000 47.6% 0.0%
Chickasaw Community Bank $455,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $435,000 $455,000 4.6% 0.0%
PANORAMA MORTGAGE GROUP, LLC $455,000 n/a 0.0%
First-Citizens Bank & Trust Company $445,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $115,000 $440,000 282.6% 0.0%
DIGITAL Federal Credit Union $175,000 $430,000 145.7% 0.0%
First National Bank of America $430,000 n/a 0.0%
HOMETRUST MORTGAGE COMPANY $115,000 $425,000 269.6% 0.0%
SOUTHWEST STAGE FUNDING, LLC $715,000 $425,000 -40.6% 0.0%
OCMBC, INC. $115,000 $420,000 265.2% 0.0%
PHH Mortgage Corporation $350,000 $415,000 18.6% 0.0%
First Home Bank $225,000 $410,000 82.2% 0.0%
Renasant Bank $410,000 n/a 0.0%
U.S. EAGLE $410,000 n/a 0.0%
Fidelity Bank $405,000 n/a 0.0%
Hometown Lenders, Inc. $395,000 n/a 0.0%
EASTMAN $380,000 n/a 0.0%
Pinnacle Bank $375,000 n/a 0.0%
STARBOARD FINANCIAL MANAGEMENT, LLC $115,000 $375,000 226.1% 0.0%
CELEBRITY HOME LOANS, LLC $365,000 n/a 0.0%
Mid-Continent Funding, Inc. $365,000 n/a 0.0%
OPEN MORTGAGE, LLC $215,000 $355,000 65.1% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,465,000 $350,000 -76.1% 0.0%
STAR ONE CREDIT UNION $235,000 $350,000 48.9% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $215,000 $340,000 58.1% 0.0%
Neighborhood Loans, Inc. $115,000 $340,000 195.7% 0.0%
First Savings Bank $250,000 $335,000 34.0% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $335,000 n/a 0.0%
Simmons Bank $315,000 $335,000 6.3% 0.0%
State Department Federal Credit Union $265,000 $335,000 26.4% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,015,000 $330,000 -67.5% 0.0%
CITYWIDE HOME LOANS, LLC $155,000 $325,000 109.7% 0.0%
Texas Community Bank $315,000 n/a 0.0%
Bell Bank $360,000 $310,000 -13.9% 0.0%
Evolve Bank & Trust $370,000 $310,000 -16.2% 0.0%
LEADERONE FINANCIAL CORPORATION $305,000 n/a 0.0%
EUSTIS AND AMERICAN MORTGAGE COMPANY $545,000 $300,000 -45.0% 0.0%
First Federal Bank of Kansas City $295,000 n/a 0.0%
SANDIA AREA $330,000 $290,000 -12.1% 0.0%
UNITED $290,000 n/a 0.0%
GOLD Credit Union $285,000 n/a 0.0%
Merchants Bank of Indiana $215,000 $285,000 32.6% 0.0%
Ixonia Bank $275,000 n/a 0.0%
LENDSURE MORTGAGE CORP. $155,000 $275,000 77.4% 0.0%
LONGBRIDGE FINANCIAL, LLC $270,000 n/a 0.0%
Baxter Credit Union $265,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $430,000 $255,000 -40.7% 0.0%
Manufacturers and Traders Trust Company $415,000 $245,000 -41.0% 0.0%
Prime Choice Funding Inc. $590,000 $245,000 -58.5% 0.0%
ALLIANT CREDIT UNION $235,000 n/a 0.0%
FBC MORTGAGE, LLC $195,000 $235,000 20.5% 0.0%
Tyndall Federal Credit Union $235,000 n/a 0.0%
A&D Mortgage LLC $225,000 n/a 0.0%
ASPIRE FINANCIAL, INC. $225,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $630,000 $220,000 -65.1% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $885,000 $215,000 -75.7% 0.0%
ATHAS CAPITAL GROUP, INC. $215,000 n/a 0.0%
Goldwater Bank, N.A. $1,575,000 $215,000 -86.3% 0.0%
Sierra Pacific Mortgage Company, Inc. $215,000 n/a 0.0%
Vantage Bank Texas $215,000 n/a 0.0%
Bank Five Nine $195,000 n/a 0.0%
CHEVRON $195,000 n/a 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $195,000 n/a 0.0%
HOME TOWN FUNDING, INC. $195,000 n/a 0.0%
INTERCAP LENDING INC. $285,000 $195,000 -31.6% 0.0%
LRS FINANCIAL NETWORK, INC. $195,000 n/a 0.0%
Presidential Bank, FSB $255,000 $195,000 -23.5% 0.0%
TOWER $55,000 $195,000 254.5% 0.0%
BKCO MORTGAGE, LLC $185,000 n/a 0.0%
Capital Bank $275,000 $185,000 -32.7% 0.0%
Midwest Community Bank $215,000 $185,000 -14.0% 0.0%
UNIFY FINANCIAL Credit Union $185,000 n/a 0.0%
UNITED SECURITY FINANCIAL CORP $185,000 n/a 0.0%
Armed Forces Bank $185,000 $175,000 -5.4% 0.0%
FIRST TECHNOLOGY $175,000 n/a 0.0%
Texas Bank Financial $175,000 n/a 0.0%
The Northern Trust Company $175,000 n/a 0.0%
ALL WESTERN MORTGAGE, INC. $165,000 n/a 0.0%
Enterprise Bank & Trust $780,000 $165,000 -78.8% 0.0%
LENDERFI, INC. $165,000 n/a 0.0%
Truist Bank $690,000 $165,000 -76.1% 0.0%
WESCOM CENTRAL CREDIT UNION $165,000 n/a 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $155,000 n/a 0.0%
Service Federal Credit Union $155,000 n/a 0.0%
Stride Bank $155,000 n/a 0.0%
Happy State Bank $430,000 $145,000 -66.3% 0.0%
ONE NEVADA CREDIT UNION $295,000 $145,000 -50.8% 0.0%
Amarillo National Bank $205,000 $135,000 -34.1% 0.0%
First National Bank $135,000 n/a 0.0%
RANLIFE, INC. $135,000 $135,000 0.0% 0.0%
CENTENNIAL LENDING, LLC $330,000 $125,000 -62.1% 0.0%
Century Mortgage Company DBA Century Lending Company $125,000 n/a 0.0%
Firefighters First Federal Credit Union $125,000 n/a 0.0%
Northwest Federal Credit Union $125,000 n/a 0.0%
SPRING EQ, LLC $505,000 $125,000 -75.2% 0.0%
REVERSE MORTGAGE FUNDING LLC $550,000 $115,000 -79.1% 0.0%
Citibank $110,000 $105,000 -4.5% 0.0%
NASA Federal Credit Union $105,000 n/a 0.0%
SCIENT Federal Credit Union $105,000 n/a 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $105,000 n/a 0.0%
Del Norte Credit Union $135,000 $95,000 -29.6% 0.0%
Elements Financial Federal Credit Union $85,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $155,000 $75,000 -51.6% 0.0%
American Bank, N.A. $65,000 n/a 0.0%
CITIZENS EQUITY FIRST $395,000 $45,000 -88.6% 0.0%
TIAA, FSB $1,555,000 $45,000 -97.1% 0.0%
ALTRA $35,000 n/a 0.0%

LAS CRUCES's top lender by overall market share is Citizens Bank of Las Cruces, with 12.1% market share. In second place, with 11.9%, is QUICKEN LOANS, LLC, having originated $177,295,000 in loans. In third place, with 3.8%, is First American Bank, having originated $56,640,000 in loans. In third place, with 3.8%, is BROKER SOLUTIONS, INC., having originated $55,990,000 in loans. In third place, with 3.6%, is FREEDOM MORTGAGE CORPORATION, having originated $53,785,000 in loans.



LAS CRUCES, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,572 $749,040,000 $209,698
Refi 2,518 $475,170,000 $188,709
Cash Out Refi 1,233 $247,555,000 $200,775
Home Improvement 84 $10,810,000 $128,690
Other 75 $6,355,000 $84,733
NA 1 $95,000 $95,000

Las Cruces's most frequently cited loan purpose was Home Purchase, with 3,572 originations. The 2nd most popular reason was Refi, with 2,518 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 2,913 $611,685,000 $209,985
3-4% 2,298 $481,180,000 $209,391
<2.5% 1,511 $311,925,000 $206,436
5-6% 246 $6,410,000 $26,057
4-5% 226 $34,920,000 $154,513
Over 8% 59 $4,105,000 $69,576
6-7% 54 $5,050,000 $93,519
7-8% 41 $3,025,000 $73,780

During 2021, Las Cruces's most frequently originated rate bucket was 2.5-3%, with 2,913 originations.

Loan Sizing (LAS CRUCES, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,384 $516,370,000 $152,592
$200k-400k 2,826 $750,140,000 $265,442
$100,000 or less 951 $52,555,000 $55,263
$400k-600k 285 $134,315,000 $471,281
$600k-1000k 34 $24,480,000 $720,000
$Over $1MM 3 $11,165,000 $3,721,667

LAS CRUCES's loan sizing saw the bucket of loans from $100k-200k with 3,384 originations, totaling $516,370,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 3,036 $682,040,000 $224,651
60-80% 2,321 $471,435,000 $203,117
40-60% 852 $141,890,000 $166,538
Under 20% 334 $5,570,000 $16,677
20-40% 267 $35,915,000 $134,513
Over 100% 156 $47,680,000 $305,641

LAS CRUCES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,036 originations, totaling $682,040,000 in origination value.