LAS CRUCES Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Las Cruces averaged
6.9%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.35% and
one month ago for the week of 2023-10-19, the
average rate was 7.54%.
Las Cruces's average rate one year ago was 6.32%.
For refis of the same type during the week of 2023-11-22, the average rate
was 6.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
| Las Cruces 30 Year Fixed Rate | 2023-11-22 | 6.9% |
| Las Cruces 30 Year Fixed Rate Refi | 2023-11-22 | 6.17% |
| Las Cruces 15 Year Fixed Rate | 2023-11-22 | 7.4% |
| Las Cruces 15 Year Fixed Rate Refi | 2023-11-22 | 5.46% |
| Las Cruces 30 Year FHA | 2023-11-22 | -0.62% |
| Las Cruces 30 Year FHA Refi | 2023-11-22 | 0% |
| Las Cruces 30 Year USDA | 2023-11-22 | 0% |
| Las Cruces 30 Year USDA Refi | 2023-11-22 | -0.2% |
| Las Cruces 30 Year VA | 2023-11-22 | -0.38% |
| Las Cruces 30 Year VA Refi | 2023-11-22 | -0.1% |
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.).
LAS CRUCES Average Closing Costs & Other Stats
LAS CRUCES, NM's 172 lenders originated 4,628
loans during 2022. The total origination value was $1,019,890,000, with an average loan value of
$220,374.
LAS CRUCES's average closing costs are $5,171.
The top LAS CRUCES lender as defined by loan originations is Citizens Bank of Las Cruces, with
322 loans originated. Their average total fees are
$3,642, which is $2,984
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee LAS CRUCES lenders (with over 10 loans originated) are
First American Bank ($3,059), GECU ($3,302), Citizens Bank of Las Cruces ($3,642), FirstLight Federal Credit Union ($3,707) and NUSENDA ($3,712).
The lowest rate LAS CRUCES lenders (with over 10 loans originated) are
LOANPAL, LLC (3.93%), Bank of the West (4.28%), AMERISAVE MORTGAGE CORPORATION (4.30%), Bank of America (4.35%) and LOANDEPOT.COM, LLC (4.53%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Citizens Bank of Las Cruces | $180,020,000 | $135,970,000 | -24.5% | 13.3% |
| QUICKEN LOANS, LLC | $177,295,000 | $84,410,000 | -52.4% | 8.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $19,290,000 | $34,640,000 | 79.6% | 3.4% |
| MANN FINANCIAL INC. | $36,570,000 | $33,550,000 | -8.3% | 3.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $51,305,000 | $33,490,000 | -34.7% | 3.3% |
| BROKER SOLUTIONS, INC. | $55,990,000 | $32,960,000 | -41.1% | 3.2% |
| Mortgage Research Center, LLC | $40,785,000 | $28,520,000 | -30.1% | 2.8% |
| Waterstone Mortgage Corporation | $33,640,000 | $27,430,000 | -18.5% | 2.7% |
| First New Mexico Bank, Las Cruces | $28,335,000 | $24,525,000 | -13.4% | 2.4% |
| Gateway First Bank | $30,330,000 | $24,500,000 | -19.2% | 2.4% |
| Wells Fargo Bank | $31,690,000 | $24,005,000 | -24.3% | 2.4% |
| LOANDEPOT.COM, LLC | $37,895,000 | $23,640,000 | -37.6% | 2.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $21,055,000 | $20,575,000 | -2.3% | 2.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,315,000 | $17,990,000 | 1,268.1% | 1.8% |
| First American Bank | $56,640,000 | $16,805,000 | -70.3% | 1.6% |
| NAVY FEDERAL CREDIT UNION | $20,175,000 | $16,795,000 | -16.8% | 1.6% |
| USAA Federal Savings Bank | $13,350,000 | $16,440,000 | 23.1% | 1.6% |
| GUILD MORTGAGE COMPANY | $6,990,000 | $16,380,000 | 134.3% | 1.6% |
| ANGEL OAK HOME LOANS LLC | $9,655,000 | $14,435,000 | 49.5% | 1.4% |
| AMERISAVE MORTGAGE CORPORATION | $22,630,000 | $14,075,000 | -37.8% | 1.4% |
| SUN AMERICAN MORTGAGE COMPANY | $16,940,000 | $13,245,000 | -21.8% | 1.3% |
| U.S. Bank | $16,355,000 | $12,470,000 | -23.8% | 1.2% |
| FirstLight Federal Credit Union | $18,605,000 | $12,065,000 | -35.2% | 1.2% |
| Washington Federal Bank | $16,690,000 | $11,700,000 | -29.9% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $15,045,000 | $11,215,000 | -25.5% | 1.1% |
| AMCAP MORTGAGE, LTD. | $13,020,000 | $10,005,000 | -23.2% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $17,910,000 | $9,300,000 | -48.1% | 0.9% |
| Commerce Home Mortgage, Inc. | $11,375,000 | $8,790,000 | -22.7% | 0.9% |
| LEGACY MORTGAGE LLC | $7,650,000 | $8,725,000 | 14.1% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $15,335,000 | $8,495,000 | -44.6% | 0.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $10,700,000 | $8,440,000 | -21.1% | 0.8% |
| JPMorgan Chase Bank | $13,020,000 | $8,305,000 | -36.2% | 0.8% |
| Bank of America | $7,425,000 | $8,250,000 | 11.1% | 0.8% |
| GECU | $8,210,000 | n/a | 0.8% | |
| 21ST MORTGAGE CORPORATION | $7,315,000 | $7,650,000 | 4.6% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $53,785,000 | $7,210,000 | -86.6% | 0.7% |
| Rocky Mountain Mortgage Company | $1,030,000 | $6,010,000 | 483.5% | 0.6% |
| BETTER MORTGAGE CORPORATION | $15,245,000 | $5,805,000 | -61.9% | 0.6% |
| LOANPAL, LLC | $9,940,000 | $5,790,000 | -41.8% | 0.6% |
| Sunflower Bank | $7,950,000 | $5,615,000 | -29.4% | 0.6% |
| GUARANTEED RATE, INC. | $15,205,000 | $5,060,000 | -66.7% | 0.5% |
| NEWREZ LLC | $9,120,000 | $4,955,000 | -45.7% | 0.5% |
| Bank of the West | $5,725,000 | $4,640,000 | -19.0% | 0.5% |
| NUSENDA | $2,930,000 | $4,415,000 | 50.7% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $10,990,000 | $4,390,000 | -60.1% | 0.4% |
| BOKF | $6,005,000 | $4,145,000 | -31.0% | 0.4% |
| Flagstar Bank, FSB | $3,135,000 | $4,055,000 | 29.3% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $14,805,000 | $4,000,000 | -73.0% | 0.4% |
| PNC Bank | $1,430,000 | $3,770,000 | 163.6% | 0.4% |
| CMG MORTGAGE, INC. | $7,130,000 | $3,740,000 | -47.5% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,640,000 | $3,670,000 | -20.9% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $14,060,000 | $3,615,000 | -74.3% | 0.4% |
| UNION HOME MORTGAGE CORP. | $2,845,000 | $3,535,000 | 24.3% | 0.3% |
| CADENCE LENDING GROUP, INC. | $3,930,000 | $3,295,000 | -16.2% | 0.3% |
| FirstBank | $715,000 | $3,190,000 | 346.2% | 0.3% |
| CALIBER HOME LOANS, INC. | $13,460,000 | $3,150,000 | -76.6% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $8,300,000 | $3,050,000 | -63.3% | 0.3% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $300,000 | $2,975,000 | 891.7% | 0.3% |
| CERTAINTY HOME LOANS, LLC | $4,595,000 | $2,920,000 | -36.5% | 0.3% |
| CASTLE & COOKE MORTGAGE, LLC | $4,880,000 | $2,895,000 | -40.7% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $2,945,000 | $2,660,000 | -9.7% | 0.3% |
| City Bank | $3,690,000 | $2,500,000 | -32.2% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,800,000 | $2,365,000 | 31.4% | 0.2% |
| The Federal Savings Bank | $5,440,000 | $2,265,000 | -58.4% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $4,400,000 | $2,220,000 | -49.5% | 0.2% |
| NEW DAY FINANCIAL, LLC | $6,640,000 | $2,215,000 | -66.6% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $2,030,000 | $2,165,000 | 6.7% | 0.2% |
| PLANET HOME LENDING, LLC | $4,140,000 | $2,055,000 | -50.4% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $2,335,000 | $2,050,000 | -12.2% | 0.2% |
| First National Bank Texas | $2,810,000 | $2,010,000 | -28.5% | 0.2% |
| Carrington Mortgage Services, LLC | $3,820,000 | $1,900,000 | -50.3% | 0.2% |
| North American Savings Bank, F.S.B. | $3,275,000 | $1,740,000 | -46.9% | 0.2% |
| Farm Credit Mid-America, ACA | $715,000 | $1,695,000 | 137.1% | 0.2% |
| Northpointe Bank | $1,430,000 | $1,695,000 | 18.5% | 0.2% |
| KELLER MORTGAGE, LLC | $4,465,000 | $1,675,000 | -62.5% | 0.2% |
| Discover Bank | $600,000 | $1,670,000 | 178.3% | 0.2% |
| The Huntington National Bank | $1,670,000 | n/a | 0.2% | |
| First Savings Bank | $335,000 | $1,645,000 | 391.0% | 0.2% |
| White Sands Federal Credit Union | $7,055,000 | $1,630,000 | -76.9% | 0.2% |
| AMERICAN FINANCING CORPORATION | $3,535,000 | $1,545,000 | -56.3% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $335,000 | $1,530,000 | 356.7% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $1,150,000 | $1,510,000 | 31.3% | 0.1% |
| Pioneer Bank | $1,010,000 | $1,490,000 | 47.5% | 0.1% |
| The Central Trust Bank | $690,000 | $1,485,000 | 115.2% | 0.1% |
| Armed Forces Bank | $175,000 | $1,455,000 | 731.4% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $215,000 | $1,420,000 | 560.5% | 0.1% |
| CLEARPATH LENDING | $5,840,000 | $1,415,000 | -75.8% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,785,000 | $1,405,000 | -62.9% | 0.1% |
| Magnolia Bank | $655,000 | $1,345,000 | 105.3% | 0.1% |
| Ally Bank | $2,330,000 | $1,335,000 | -42.7% | 0.1% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $105,000 | $1,295,000 | 1,133.3% | 0.1% |
| BELEM SERVICING LLC | $1,775,000 | $1,285,000 | -27.6% | 0.1% |
| EL PASO AREA TEACHERS | $1,390,000 | $1,260,000 | -9.4% | 0.1% |
| Nations Lending Corporation | $2,560,000 | $1,190,000 | -53.5% | 0.1% |
| Colonial Savings, F.A. | $1,045,000 | $1,185,000 | 13.4% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $1,660,000 | $1,135,000 | -31.6% | 0.1% |
| Low VA Rates, LLC | $3,190,000 | $1,130,000 | -64.6% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $330,000 | $1,115,000 | 237.9% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $3,745,000 | $1,090,000 | -70.9% | 0.1% |
| First Internet Bank of Indiana | $1,075,000 | n/a | 0.1% | |
| Kirtland Federal Credit Union | $775,000 | $1,070,000 | 38.1% | 0.1% |
| First State Bank of St. Charles, Missouri | $560,000 | $1,060,000 | 89.3% | 0.1% |
| Figure Lending LLC | $665,000 | $1,055,000 | 58.6% | 0.1% |
| ZILLOW HOME LOANS, LLC | $3,735,000 | $1,050,000 | -71.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,005,000 | $1,020,000 | 1.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $1,000,000 | $1,000,000 | 0.0% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,090,000 | $1,000,000 | -8.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $2,430,000 | $990,000 | -59.3% | 0.1% |
| RESIDENTIAL BANCORP. | $1,560,000 | $950,000 | -39.1% | 0.1% |
| MOUNTAIN AMERICA | $1,340,000 | $940,000 | -29.9% | 0.1% |
| Plains Commerce Bank | $930,000 | n/a | 0.1% | |
| First Financial Credit Union | $925,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $860,000 | $925,000 | 7.6% | 0.1% |
| SANDIA LABORATORY | $915,000 | n/a | 0.1% | |
| NBKC BANK | $630,000 | $900,000 | 42.9% | 0.1% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $1,070,000 | $900,000 | -15.9% | 0.1% |
| TIB The Independent Bankersbank | $570,000 | $865,000 | 51.8% | 0.1% |
| Stifel Bank and Trust | $740,000 | $845,000 | 14.2% | 0.1% |
| First Savings Bank | $335,000 | $840,000 | 150.7% | 0.1% |
| Bank of England | $1,095,000 | $825,000 | -24.7% | 0.1% |
| BMO Harris Bank | $795,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $415,000 | $790,000 | 90.4% | 0.1% |
| HOME POINT FINANCIAL CORPORATION | $3,405,000 | $780,000 | -77.1% | 0.1% |
| Prosperity Home Mortgage, LLC | $595,000 | $760,000 | 27.7% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,545,000 | $755,000 | -51.1% | 0.1% |
| Chicago Mortgage Solutions LLC | $810,000 | $745,000 | -8.0% | 0.1% |
| Citizens Bank | $1,605,000 | $745,000 | -53.6% | 0.1% |
| First Guaranty Mortgage Corporation | $1,875,000 | $720,000 | -61.6% | 0.1% |
| AMERICAN ADVISORS GROUP | $755,000 | $715,000 | -5.3% | 0.1% |
| Loan Simple, Inc. | $1,125,000 | $705,000 | -37.3% | 0.1% |
| KeyBank | $700,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $685,000 | n/a | 0.1% | |
| Citibank | $105,000 | $645,000 | 514.3% | 0.1% |
| Del Norte Credit Union | $95,000 | $620,000 | 552.6% | 0.1% |
| EMBRACE HOME LOANS, INC. | $930,000 | $615,000 | -33.9% | 0.1% |
| New Mexico Bank & Trust | $615,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $2,525,000 | $610,000 | -75.8% | 0.1% |
| Amerifirst Financial, Inc. | $1,490,000 | $595,000 | -60.1% | 0.1% |
| United Fidelity Funding Corp. | $585,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $275,000 | $580,000 | 110.9% | 0.1% |
| HOMESTEAD FUNDING CORP. | $635,000 | $570,000 | -10.2% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,150,000 | $540,000 | -53.0% | 0.1% |
| EVERETT FINANCIAL, INC. | $530,000 | $505,000 | -4.7% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $2,060,000 | $500,000 | -75.7% | 0.0% |
| BancorpSouth Bank | $495,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $530,000 | $495,000 | -6.6% | 0.0% |
| SANDIA AREA | $290,000 | $490,000 | 69.0% | 0.0% |
| CIBM Bank | $475,000 | n/a | 0.0% | |
| UBS Bank USA | $475,000 | n/a | 0.0% | |
| S1L, Inc. | $605,000 | $470,000 | -22.3% | 0.0% |
| PREMIA MORTGAGE, LLC | $465,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $125,000 | $460,000 | 268.0% | 0.0% |
| Quontic Bank | $460,000 | n/a | 0.0% | |
| MORTGAGEONE, INC. | $455,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $255,000 | $445,000 | 74.5% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $440,000 | n/a | 0.0% | |
| NBH Bank | $715,000 | $430,000 | -39.9% | 0.0% |
| Texana Bank | $420,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $410,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $530,000 | $400,000 | -24.5% | 0.0% |
| MORTGAGE ACCESS CORP. | $385,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $380,000 | n/a | 0.0% | |
| Renasant Bank | $410,000 | $365,000 | -11.0% | 0.0% |
| AmeriHome Mortgage Company, LLC | $355,000 | n/a | 0.0% | |
| Firefighters First Federal Credit Union | $125,000 | $355,000 | 184.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $270,000 | $355,000 | 31.5% | 0.0% |
| M&T Bank | $245,000 | $355,000 | 44.9% | 0.0% |
| EVOLVE | $350,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $915,000 | $345,000 | -62.3% | 0.0% |
| Bell Bank | $310,000 | $340,000 | 9.7% | 0.0% |
| F&A Federal Credit Union | $340,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $305,000 | $335,000 | 9.8% | 0.0% |
| Old National Bank | $335,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,755,000 | $335,000 | -80.9% | 0.0% |
| Simmons Bank | $335,000 | $335,000 | 0.0% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,600,000 | $320,000 | -80.0% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $315,000 | n/a | 0.0% | |
| Semper Home Loans, Inc. | $315,000 | n/a | 0.0% | |
| First Bank & Trust | $305,000 | n/a | 0.0% | |
| Old Plank Trail Community Bank | $305,000 | n/a | 0.0% | |
| AMERICA FIRST | $295,000 | n/a | 0.0% | |
| DATA MORTGAGE, INC. | $295,000 | n/a | 0.0% | |
| WESCOM CENTRAL CREDIT UNION | $165,000 | $295,000 | 78.8% | 0.0% |
| Centennial Bank | $285,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $280,000 | n/a | 0.0% | |
| BNC National Bank | $935,000 | $275,000 | -70.6% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $275,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $275,000 | n/a | 0.0% | |
| Service Federal Credit Union | $155,000 | $275,000 | 77.4% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $275,000 | n/a | 0.0% | |
| First National Bank of America | $430,000 | $265,000 | -38.4% | 0.0% |
| Paramount Bank | $465,000 | $265,000 | -43.0% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $255,000 | n/a | 0.0% | |
| BLACK HILLS FEDERAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $255,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $255,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $340,000 | $245,000 | -27.9% | 0.0% |
| First-Citizens Bank & Trust Company | $445,000 | $245,000 | -44.9% | 0.0% |
| Vantage Bank Texas | $215,000 | $245,000 | 14.0% | 0.0% |
| NuVision Federal Credit Union | $225,000 | n/a | 0.0% | |
| Choice Financial Group | $215,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $215,000 | n/a | 0.0% | |
| KINECTA | $215,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $215,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $895,000 | $205,000 | -77.1% | 0.0% |
| Mid-Continent Funding, Inc. | $365,000 | $205,000 | -43.8% | 0.0% |
| Morgan Stanley Private Bank | $205,000 | n/a | 0.0% | |
| NP, Inc. | $565,000 | $205,000 | -63.7% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $195,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $1,360,000 | $195,000 | -85.7% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $1,030,000 | $190,000 | -81.6% | 0.0% |
| FIRST TECHNOLOGY | $175,000 | $175,000 | 0.0% | 0.0% |
| American Airlines Federal Credit Union | $165,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $510,000 | $155,000 | -69.6% | 0.0% |
| IMPAC MORTGAGE CORP. | $785,000 | $145,000 | -81.5% | 0.0% |
| LADERA LENDING, INC. | $145,000 | n/a | 0.0% | |
| Peoples Bank | $145,000 | n/a | 0.0% | |
| First Federal Bank | $1,025,000 | $135,000 | -86.8% | 0.0% |
| Goldwater Bank, N.A. | $215,000 | $135,000 | -37.2% | 0.0% |
| UNIVERSAL LENDING CORPORATION | $135,000 | n/a | 0.0% | |
| NASA Federal Credit Union | $105,000 | $125,000 | 19.0% | 0.0% |
| First American Bank | $56,640,000 | $115,000 | -99.8% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $440,000 | $115,000 | -73.9% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $115,000 | $115,000 | 0.0% | 0.0% |
| Watermark Capital, Inc. | $640,000 | $115,000 | -82.0% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $105,000 | n/a | 0.0% | |
| First Western Federal Savings Bank | $105,000 | n/a | 0.0% | |
| HIWAY | $105,000 | n/a | 0.0% | |
| Ixonia Bank | $275,000 | $105,000 | -61.8% | 0.0% |
| NTFN, INC. | $105,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $75,000 | $95,000 | 26.7% | 0.0% |
| INTERCAP LENDING INC. | $195,000 | $95,000 | -51.3% | 0.0% |
| DAS Acquisition Company, LLC | $465,000 | $85,000 | -81.7% | 0.0% |
| Bethpage Federal Credit Union | $75,000 | n/a | 0.0% | |
| ATLANTA POSTAL | $65,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $425,000 | $65,000 | -84.7% | 0.0% |
| PREMIER MEMBERS CREDIT UNION | $55,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $45,000 | n/a | 0.0% | |
| EASTMAN | $380,000 | $35,000 | -90.8% | 0.0% |
| STATE EMPLOYEES | $25,000 | n/a | 0.0% |
LAS CRUCES's top lender by overall market share is Citizens Bank of Las Cruces, with 13.3% market share. In second place, with 8.3%, is QUICKEN LOANS, LLC, having originated $84,410,000 in loans. In third place, with 3.4%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $34,640,000 in loans. In fourth place, with 3.3%, is MANN FINANCIAL INC., having originated $33,550,000 in loans. In fifth place, with 3.3%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $33,490,000 in loans.
LAS CRUCES Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - LAS CRUCES (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 | $213,335 (3.7%) | $273,842 (5.6%) | 0.79 | 774 |
| 2018-02-01 | $212,507 (-1.2%) | $272,386 (4.7%) | 0.77 | 783 |
| 2018-03-01 | $207,000 (-2.0%) | $259,287 (0.4%) | 0.73 | 842 |
| 2018-04-01 | $208,476 (-0.3%) | $261,445 (1.9%) | 0.71 | 843 |
| 2018-05-01 | $209,450 (1.0%) | $266,948 (4.9%) | 0.70 | 862 |
| 2018-06-01 | $214,900 (4.1%) | $269,214 (4.0%) | 0.72 | 858 |
| 2018-07-01 | $212,460 (1.2%) | $268,427 (4.7%) | 0.71 | 866 |
| 2018-08-01 | $205,000 (-2.6%) | $262,233 (1.6%) | 0.69 | 860 |
| 2018-09-01 | $209,000 (-1.8%) | $265,254 (2.4%) | 0.70 | 839 |
| 2018-10-01 | $209,950 (-1.8%) | $271,191 (4.5%) | 0.71 | 855 |
| 2018-11-01 | $205,475 (-3.4%) | $270,341 (3.1%) | 0.70 | 828 |
| 2018-12-01 | $203,726 (-3.0%) | $266,905 (2.4%) | 0.70 | 804 |
| 2019-01-01 | $205,000 (-3.9%) | $280,332 (2.4%) | 0.71 | 724 |
| 2019-02-01 | $216,873 (2.1%) | $286,198 (5.1%) | 0.73 | 723 |
| 2019-03-01 | $216,490 (4.6%) | $290,624 (12.1%) | 0.71 | 704 |
| 2019-04-01 | $224,500 (7.7%) | $303,317 (16.0%) | 0.71 | 670 |
| 2019-05-01 | $224,900 (7.4%) | $308,721 (15.7%) | 0.70 | 681 |
| 2019-06-01 | $227,500 (5.9%) | $313,905 (16.6%) | 0.71 | 683 |
| 2019-07-01 | $229,500 (8.0%) | $313,658 (16.9%) | 0.72 | 682 |
| 2019-08-01 | $229,273 (11.8%) | $312,417 (19.1%) | 0.73 | 683 |
| 2019-09-01 | $229,682 (9.9%) | $311,273 (17.4%) | 0.74 | 670 |
| 2019-10-01 | $229,975 (9.5%) | $312,132 (15.1%) | 0.74 | 663 |
| 2019-11-01 | $228,900 (11.4%) | $300,715 (11.2%) | 0.75 | 657 |
| 2019-12-01 | $228,850 (12.3%) | $298,923 (12.0%) | 0.76 | 625 |
| 2020-01-01 | $223,563 (9.1%) | $282,849 (0.9%) | 0.75 | 740 |
| 2020-02-01 | $225,000 (3.8%) | $283,564 (-0.9%) | 0.74 | 771 |
| 2020-03-01 | $235,000 (8.6%) | $293,615 (1.0%) | 0.74 | 769 |
| 2020-04-01 | $235,471 (4.9%) | $293,993 (-3.1%) | 0.74 | 735 |
| 2020-05-01 | $237,950 (5.8%) | $294,747 (-4.5%) | 0.72 | 737 |
| 2020-06-01 | $241,988 (6.4%) | $297,642 (-5.2%) | 0.71 | 728 |
| 2020-07-01 | $242,250 (5.6%) | $300,515 (-4.2%) | 0.70 | 713 |
| 2020-08-01 | $239,000 (4.2%) | $300,626 (-3.8%) | 0.68 | 713 |
| 2020-09-01 | $238,000 (3.6%) | $300,940 (-3.3%) | 0.68 | 658 |
| 2020-10-01 | $235,850 (2.6%) | $299,182 (-4.2%) | 0.68 | 671 |
| 2020-11-01 | $241,000 (5.3%) | $302,263 (0.5%) | 0.70 | 679 |
| 2020-12-01 | $249,450 (9.0%) | $303,359 (1.5%) | 0.74 | 643 |
| 2021-01-01 | $262,500 (17.4%) | $307,532 (8.7%) | 0.78 | 594 |
| 2021-02-01 | $264,500 (17.6%) | $307,885 (8.6%) | 0.77 | 602 |
| 2021-03-01 | $265,955 (13.2%) | $306,190 (4.3%) | 0.76 | 638 |
| 2021-04-01 | $269,000 (14.2%) | $303,555 (3.3%) | 0.73 | 666 |
| 2021-05-01 | $275,000 (15.6%) | $309,941 (5.2%) | 0.73 | 673 |
| 2021-06-01 | $279,000 (15.3%) | $319,561 (7.4%) | 0.73 | 691 |
| 2021-07-01 | $284,500 (17.4%) | $326,051 (8.5%) | 0.75 | 742 |
| 2021-08-01 | $285,000 (19.3%) | $327,273 (8.9%) | 0.76 | 800 |
| 2021-09-01 | $279,500 (17.4%) | $330,208 (9.7%) | 0.75 | 763 |
| 2021-10-01 | $285,000 (20.8%) | $338,327 (13.1%) | 0.76 | 710 |
| 2021-11-01 | $278,989 (15.8%) | $336,266 (11.3%) | 0.75 | 682 |
| 2021-12-01 | $294,500 (18.1%) | $341,251 (12.5%) | 0.80 | 660 |
| 2022-01-01 | $335,950 (28.0%) | $356,137 (15.8%) | 0.91 | 615 |
| 2022-02-01 | $346,500 (31.0%) | $362,787 (17.8%) | 0.90 | 593 |
| 2022-03-01 | $328,695 (23.6%) | $369,468 (20.7%) | 0.82 | 637 |
| 2022-04-01 | $330,000 (22.7%) | $377,241 (24.3%) | 0.79 | 607 |
| 2022-05-01 | $338,818 (23.2%) | $383,578 (23.8%) | 0.77 | 606 |
| 2022-06-01 | $346,330 (24.1%) | $384,608 (20.4%) | 0.77 | 631 |
| 2022-07-01 | $356,130 (25.2%) | $389,890 (19.6%) | 0.80 | 658 |
| 2022-08-01 | $361,333 (26.8%) | $397,534 (21.5%) | 0.84 | 681 |
| 2022-09-01 | $364,983 (30.6%) | $402,954 (22.0%) | 0.85 | 655 |
| 2022-10-01 | $359,613 (26.2%) | $393,849 (16.4%) | 0.85 | 672 |
| 2022-11-01 | $362,950 (30.1%) | $389,509 (15.8%) | 0.87 | 751 |
| 2022-12-01 | $369,500 (25.5%) | $391,696 (14.8%) | 0.91 | 682 |
| 2023-01-01 | $370,113 (10.2%) | $390,635 (9.7%) | 0.92 | 661 |
| 2023-02-01 | $359,925 (3.9%) | $383,212 (5.6%) | 0.87 | 674 |
| 2023-03-01 | $351,268 (6.9%) | $385,370 (4.3%) | 0.83 | 673 |
| 2023-04-01 | $349,925 (6.0%) | $390,494 (3.5%) | 0.81 | 703 |
| 2023-05-01 | $353,525 (4.3%) | $402,226 (4.9%) | 0.80 | 710 |
| 2023-06-01 | $356,713 (3.0%) | $404,789 (5.3%) | 0.80 | 707 |
| 2023-07-01 | $362,950 (1.9%) | $411,895 (5.6%) | 0.82 | 706 |
| 2023-08-01 | $357,567 (-1.0%) | $407,507 (2.5%) | 0.82 | 778 |
| 2023-09-01 | $357,750 (-2.0%) | $408,132 (1.3%) | 0.83 | 912 |
| 2023-10-01 | $362,475 (0.8%) | $422,837 (7.4%) | 0.85 | 598 |
LAS CRUCES's median listing price for 2023-10-01 was $362,475, a difference of
$2,862
(0.8%) versus the prior year and
$4,725 versus the prior month.
LAS CRUCES's median listing price comes in at 85% of the national average.
LAS CRUCES's average listing price for 2023-10-01 was $422,837, a difference of $28,988 (7.4%) versus the prior year and $14,705 versus the prior month.
For the 2023-10-01 period, LAS CRUCES had 598 MLS listings, a difference of -314 listings (-34%) versus the prior month and -74 listings (-11%) versus the prior year.
LAS CRUCES's median listing price comes in at 85% of the national average.
LAS CRUCES's average listing price for 2023-10-01 was $422,837, a difference of $28,988 (7.4%) versus the prior year and $14,705 versus the prior month.
For the 2023-10-01 period, LAS CRUCES had 598 MLS listings, a difference of -314 listings (-34%) versus the prior month and -74 listings (-11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - LAS CRUCES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 97 days | 1,944 sqft |
| 2018-02-01 | 95 days | 1,936 sqft |
| 2018-03-01 | 73 days | 1,928 sqft |
| 2018-04-01 | 68 days | 1,945 sqft |
| 2018-05-01 | 65 days | 1,960 sqft |
| 2018-06-01 | 64 days | 1,957 sqft |
| 2018-07-01 | 73 days | 1,945 sqft |
| 2018-08-01 | 72 days | 1,924 sqft |
| 2018-09-01 | 73 days | 1,920 sqft |
| 2018-10-01 | 75 days | 1,905 sqft |
| 2018-11-01 | 79 days | 1,920 sqft |
| 2018-12-01 | 89 days | 1,900 sqft |
| 2019-01-01 | 91 days | 1,925 sqft |
| 2019-02-01 | 81 days | 1,970 sqft |
| 2019-03-01 | 72 days | 1,958 sqft |
| 2019-04-01 | 66 days | 2,011 sqft |
| 2019-05-01 | 61 days | 1,989 sqft |
| 2019-06-01 | 64 days | 2,022 sqft |
| 2019-07-01 | 61 days | 2,051 sqft |
| 2019-08-01 | 64 days | 2,070 sqft |
| 2019-09-01 | 67 days | 2,063 sqft |
| 2019-10-01 | 70 days | 2,059 sqft |
| 2019-11-01 | 68 days | 2,025 sqft |
| 2019-12-01 | 78 days | 2,023 sqft |
| 2020-01-01 | 84 days | 1,966 sqft |
| 2020-02-01 | 80 days | 1,972 sqft |
| 2020-03-01 | 58 days | 2,009 sqft |
| 2020-04-01 | 57 days | 1,999 sqft |
| 2020-05-01 | 64 days | 1,975 sqft |
| 2020-06-01 | 66 days | 1,982 sqft |
| 2020-07-01 | 57 days | 2,000 sqft |
| 2020-08-01 | 52 days | 1,988 sqft |
| 2020-09-01 | 52 days | 1,969 sqft |
| 2020-10-01 | 47 days | 1,959 sqft |
| 2020-11-01 | 47 days | 1,961 sqft |
| 2020-12-01 | 55 days | 1,988 sqft |
| 2021-01-01 | 61 days | 2,020 sqft |
| 2021-02-01 | 45 days | 2,010 sqft |
| 2021-03-01 | 44 days | 2,002 sqft |
| 2021-04-01 | 43 days | 1,999 sqft |
| 2021-05-01 | 44 days | 2,000 sqft |
| 2021-06-01 | 48 days | 2,016 sqft |
| 2021-07-01 | 45 days | 2,047 sqft |
| 2021-08-01 | 42 days | 2,004 sqft |
| 2021-09-01 | 51 days | 1,944 sqft |
| 2021-10-01 | 57 days | 2,000 sqft |
| 2021-11-01 | 55 days | 1,965 sqft |
| 2021-12-01 | 57 days | 2,007 sqft |
| 2022-01-01 | 56 days | 2,122 sqft |
| 2022-02-01 | 48 days | 2,137 sqft |
| 2022-03-01 | 47 days | 2,046 sqft |
| 2022-04-01 | 45 days | 2,041 sqft |
| 2022-05-01 | 45 days | 2,046 sqft |
| 2022-06-01 | 44 days | 2,080 sqft |
| 2022-07-01 | 45 days | 2,070 sqft |
| 2022-08-01 | 47 days | 2,062 sqft |
| 2022-09-01 | 58 days | 2,106 sqft |
| 2022-10-01 | 60 days | 2,030 sqft |
| 2022-11-01 | 51 days | 2,029 sqft |
| 2022-12-01 | 58 days | 2,024 sqft |
| 2023-01-01 | 72 days | 2,023 sqft |
| 2023-02-01 | 90 days | 1,985 sqft |
| 2023-03-01 | 75 days | 1,950 sqft |
| 2023-04-01 | 53 days | 1,960 sqft |
| 2023-05-01 | 58 days | 1,973 sqft |
| 2023-06-01 | 60 days | 1,983 sqft |
| 2023-07-01 | 59 days | 2,053 sqft |
| 2023-08-01 | 58 days | 2,016 sqft |
| 2023-09-01 | 72 days | 2,000 sqft |
| 2023-10-01 | 82 days | 2,056 sqft |
LAS CRUCES's median listing age (time on market) for 2023-10-01 was 82 days.
This
is 36%
longer
than the same period one year ago.
LAS CRUCES's median square footage for active listings during the 2023-10-01 period was 2,056 sqft. One year prior, the average listing was 2,030 sqft.
LAS CRUCES's median square footage for active listings during the 2023-10-01 period was 2,056 sqft. One year prior, the average listing was 2,030 sqft.
LAS CRUCES, NM Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 87936 | Las Cruces, NM | $640 | $650 | $790 | $1,120 | $1,320 |
| 87937 | Las Cruces, NM | $590 | $600 | $730 | $1,030 | $1,210 |
| 87940 | Las Cruces, NM | $640 | $650 | $790 | $1,120 | $1,320 |
| 87941 | Las Cruces, NM | $590 | $600 | $730 | $1,030 | $1,210 |
| 88001 | Las Cruces, NM | $640 | $650 | $790 | $1,120 | $1,320 |
| 88002 | Las Cruces, NM | $940 | $960 | $1,170 | $1,660 | $1,960 |
| 88003 | Las Cruces, NM | $640 | $650 | $790 | $1,120 | $1,320 |
| 88004 | Las Cruces, NM | $590 | $600 | $730 | $1,030 | $1,210 |
| 88005 | Las Cruces, NM | $600 | $620 | $750 | $1,070 | $1,250 |
| 88007 | Las Cruces, NM | $590 | $600 | $730 | $1,030 | $1,210 |
| 88008 | Las Cruces, NM | $670 | $680 | $830 | $1,180 | $1,390 |
| 88011 | Las Cruces, NM | $770 | $790 | $960 | $1,360 | $1,600 |
| 88012 | Las Cruces, NM | $830 | $850 | $1,030 | $1,460 | $1,720 |
| 88013 | Las Cruces, NM | $640 | $650 | $790 | $1,120 | $1,320 |
| 88021 | Las Cruces, NM | $590 | $600 | $730 | $1,030 | $1,210 |
| 88024 | Las Cruces, NM | $600 | $610 | $740 | $1,050 | $1,230 |
| 88027 | Las Cruces, NM | $630 | $640 | $780 | $1,100 | $1,300 |
| 88032 | Las Cruces, NM | $660 | $680 | $820 | $1,160 | $1,370 |
| 88033 | Las Cruces, NM | $640 | $650 | $790 | $1,120 | $1,320 |
| 88044 | Las Cruces, NM | $650 | $670 | $810 | $1,150 | $1,350 |
| 88046 | Las Cruces, NM | $590 | $600 | $730 | $1,030 | $1,210 |
| 88047 | Las Cruces, NM | $660 | $680 | $820 | $1,170 | $1,370 |
| 88048 | Las Cruces, NM | $690 | $710 | $860 | $1,220 | $1,430 |
| 88052 | Las Cruces, NM | $800 | $820 | $1,000 | $1,410 | $1,660 |
| 88063 | Las Cruces, NM | $610 | $620 | $760 | $1,080 | $1,280 |
| 88072 | Las Cruces, NM | $640 | $660 | $800 | $1,130 | $1,330 |
| 88081 | Las Cruces, NM | $590 | $600 | $730 | $1,040 | $1,220 |
2022 Average & Median Rent Data Statistics
LAS CRUCES, NM average 1BR rent: $670, median: $650
LAS CRUCES, NM average 2BR rent: $814, median: $790
LAS CRUCES, NM average 3BR rent: $1,153, median: $1,120
LAS CRUCES, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,101 | $739,985,000 | $238,628 |
| Cash Out Refi | 886 | $177,580,000 | $200,429 |
| Refi | 394 | $76,350,000 | $193,782 |
| Other | 124 | $15,300,000 | $123,387 |
| Home Improvement | 123 | $10,675,000 | $86,789 |
Las Cruces's most frequently cited loan purpose was Home Purchase, with 3,101 originations. The 2nd most popular reason was Cash Out Refi, with 886 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,159 | $268,325,000 | $231,514 |
| 3-4% | 1,018 | $233,830,000 | $229,695 |
| 4-5% | 981 | $227,595,000 | $232,003 |
| 6-7% | 602 | $131,530,000 | $218,488 |
| 2.5-3% | 281 | $65,745,000 | $233,968 |
| 7-8% | 246 | $36,860,000 | $149,837 |
| Over 8% | 132 | $10,940,000 | $82,879 |
| <2.5% | 109 | $17,645,000 | $161,881 |
During 2022, Las Cruces's most frequently originated rate bucket was 5-6%, with 1,159 originations.
Loan Sizing (LAS CRUCES, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,147 | $585,985,000 | $272,932 |
| $100k-200k | 1,447 | $224,065,000 | $154,848 |
| $100,000 or less | 701 | $35,295,000 | $50,350 |
| $400k-600k | 271 | $124,525,000 | $459,502 |
| $600k-1000k | 55 | $38,245,000 | $695,364 |
| $Over $1MM | 7 | $11,775,000 | $1,682,143 |
LAS CRUCES's loan sizing saw the bucket of loans from $200k-400k with 2,147 originations, totaling $585,985,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,107 | $547,165,000 | $259,689 |
| 60-80% | 1,227 | $282,465,000 | $230,208 |
| 40-60% | 471 | $84,775,000 | $179,989 |
| Under 20% | 339 | $9,455,000 | $27,891 |
| 20-40% | 228 | $24,930,000 | $109,342 |
| Over 100% | 110 | $35,620,000 | $323,818 |
LAS CRUCES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,107 originations, totaling $547,165,000 in origination value.