LAS CRUCES Mortgage Rates
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% |
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.).
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.
