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 6.79% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.23% and one month ago for the week of 2024-05-02, the average rate was 7.22%.

Las Cruces's average rate one year ago was 6.69%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.19%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Las Cruces 30 Year Fixed Rate 2024-06-06 6.79%
Las Cruces 30 Year Fixed Rate Refi 2024-06-06 7.19%
Las Cruces 15 Year Fixed Rate 2024-06-06 6.71%
Las Cruces 15 Year Fixed Rate Refi 2024-06-06 6.89%
Las Cruces 30 Year FHA 2024-06-06 6.25%
Las Cruces 30 Year FHA Refi 2024-06-06 6.59%
Las Cruces 30 Year USDA 2024-06-06 6.8%
Las Cruces 30 Year USDA Refi 2024-06-06 6.8%
Las Cruces 30 Year VA 2024-06-06 6.41%
Las Cruces 30 Year VA Refi 2024-06-06 6.29%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Citizens Bank of Las Cruces 177 6.75% $4,707
QUICKEN LOANS, LLC 110 6.64% $8,561
UNITED WHOLESALE MORTGAGE, LLC 69 6.63% $7,382
PRIMELENDING, A PLAINSCAPITAL COMPANY 46 6.61% $5,941
CROSSCOUNTRY MORTGAGE, LLC 43 6.96% $8,933
First American Bank 32 6.50% $4,527
NUSENDA 27 5.80% $4,056
Waterstone Mortgage Corporation 26 6.94% $7,074
GUILD MORTGAGE COMPANY 25 7.24% $7,319
ACADEMY MORTGAGE CORPORATION 24 6.90% $7,376
Wells Fargo Bank 22 6.61% $5,974
U.S. Bank 20 6.60% $5,594
AMCAP MORTGAGE, LTD. 19 6.88% $8,018
GECU 19 7.43% $4,447
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 6.56% $7,376
Gateway First Bank 18 7.14% $3,895
FirstLight Federal Credit Union 16 7.20% $2,704
MANN FINANCIAL INC. 14 6.78% $5,477
JPMorgan Chase Bank 14 6.93% $5,594
White Sands Federal Credit Union 12 6.41% $5,017
LOANDEPOT.COM, LLC 12 6.96% $6,104
NAVY FEDERAL CREDIT UNION 11 6.44% $3,095
Bank of America 11 6.34% $4,885
SUN AMERICAN MORTGAGE COMPANY 11 6.51% $3,815
Rocky Mountain Mortgage Company 11 6.53% $4,368
BROKER SOLUTIONS, INC. 9 7.65% $6,241
GUARANTEED RATE, INC. 9 6.43% $7,071
Mr. Cooper ( Nationstar Mortgage ) 9 6.97% $7,257
21ST MORTGAGE CORPORATION 8 8.10% $5,843
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 8 7.03% $5,307
AMERISAVE MORTGAGE CORPORATION 7 6.75% $8,876
BOKF 7 6.70% $5,673
HOMESIDE FINANCIAL, LLC 7 6.80% $4,129
DIRECTIONS EQUITY, LLC 6 4.99% $3,610
UNION HOME MORTGAGE CORP. 6 6.81% $6,821
CMG MORTGAGE, INC. 6 6.71% $7,441
Commerce Home Mortgage, Inc. 6 7.48% $6,428
Discover Bank 6 6.53% $0
PENNYMAC LOAN SERVICES, LLC 6 6.65% $9,035
USAA Federal Savings Bank 6 7.00% $4,742
NEWREZ LLC 6 6.26% $4,772
NexBank 5 6.93% $4,687
MICHIGAN MUTUAL, INC. 5 7.45% $6,487
AMERICAN PACIFIC MORTGAGE CORPORATION 5 7.28% $7,225
WILLOW BEND MORTGAGE COMPANY, LLC 5 7.07% $9,823
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.34% $6,510
CADENCE LENDING GROUP, INC. 4 6.44% $9,085
Nations Lending Corporation 4 7.03% $4,562
ZILLOW HOME LOANS, LLC 4 6.78% $5,129
Plains Commerce Bank 4 6.31% $6,336
Sunflower Bank 4 6.78% $8,473
CORNERSTONE HOME LENDING, INC. 4 7.25% $6,228
PENTAGON FEDERAL CREDIT UNION 4 6.03% $6,068
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 7.25% $6,988
Flagstar Bank, FSB 4 6.69% $3,931
CARDINAL FINANCIAL 3 6.67% $4,414
BMO Harris Bank 3 6.67% $5,798
LENDSURE MORTGAGE CORP. 3 8.04% $23,188
Mortgage Research Center, LLC 3 6.58% $6,500
MOVEMENT MORTGAGE, LLC 3 8.58% $9,692
PLAZA HOME MORTGAGE, INC. 2 6.50% $6,712
AMERICAN FINANCING CORPORATION 2 6.75% $10,961
Bell Bank 2 6.68% $3,178
BETTER MORTGAGE CORPORATION 2 6.44% $2,940
Century Mortgage Company DBA Century Lending Company 2 6.56% $9,914
Citizens Bank 2 6.88% $5,577
City Bank 2 7.06% $4,867
DEEPHAVEN MORTGAGE LLC 2 9.12% $7,714
First National Bank Texas 2 6.56% $8,261
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.31% $8,006
OCMBC, INC. 2 9.06% $28,403
PHH Mortgage Corporation 2 6.25% $6,597
PNC Bank 2 6.56% $2,896
Sierra Pacific Mortgage Company, Inc. 2 6.19% $12,993
STAR ONE CREDIT UNION 2 6.38% $2,854
TIB The Independent Bankersbank 2 6.56% $7,046
V.I.P. MORTGAGE, INC. 2 6.88% $6,937
Washington Federal Bank 2 6.31% $4,200
MORIA DEVELOPMENT, INC. 1 7.13% $8,021
MORTGAGEONE, INC. 1 7.63% $6,990
Great Southern Bank 1 7.49% $9,110
Goldwater Bank, N.A. 1 7.13% $21,056
FREEDOM MORTGAGE CORPORATION 1 7.25% $5,437
VAN DYK MORTGAGE CORPORATION 1 6.63% $3,598
FLAT BRANCH MORTGAGE, INC. 1 6.13% $6,467
First Option Mortgage, LLC 1 6.50% $5,534
NBKC BANK 1 5.88% $3,363
Network Funding, L.P. 1 6.25% $6,673
First Federal Bank 1 6.50% $3,401
FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $650
Northpointe Bank 1 8.00% $11,740
EVOLVE 1 4.75% $5,038
Ally Bank 1 6.38% $3,128
ONE NEVADA CREDIT UNION 1 6.38% $3,711
Paramount Residential Mortgage Group, Inc. 1 7.88% $7,287
EMBRACE HOME LOANS, INC. 1 6.88% $5,233
EL PASO AREA TEACHERS 1 7.00% $5,966
ALLIANT CREDIT UNION 1 6.88% $6,191
DAS Acquisition Company, LLC 1 6.38% $2,865
PLANET HOME LENDING, LLC 1 6.75% $2,721
CONTOUR MORTGAGE CORPORATION 1 6.63% $8,950
Axos Bank 1 5.75% $2,320
PREMIA MORTGAGE, LLC 1 6.13% $2,579
COLUMBIA COMMUNITY CREDIT UNION 1 7.00% $2,356
Colonial Savings, F.A. 1 6.38% $6,214
CHERRY CREEK MORTGAGE, LLC 1 6.00% $0
Carrington Mortgage Services, LLC 1 5.88% $14,409
SANDIA LABORATORY 1 6.25% $581
SECURITYNATIONAL MORTGAGE COMPANY 1 7.63% $18,664
Servion, Inc. 1 6.00% $4,619
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.75% $15,565
Simmons Bank 1 6.13% $5,032
WESCOM CENTRAL CREDIT UNION 1 6.88% $2,979
STATE EMPLOYEES 1 6.50% $513
Capital Bank 1 6.88% $3,552
CALCON MUTUAL MORTGAGE LLC 1 6.50% $4,424
The Central Trust Bank 1 6.13% $2,026
The Huntington National Bank 1 6.38% $9,313
THE MORTGAGE LINK, INC. 1 9.99% $6,110
Amarillo National Bank 1 6.00% $4,193
BNC National Bank 1 5.63% $3,648
BAY EQUITY LLC 1 5.49% $4,488
Barrington Bank & Trust Company, N.A. 1 7.13% $6,294
Bank of Utah 1 7.13% $4,525
Kirtland Federal Credit Union 1 3.88% $6,703
LAKEVIEW LOAN SERVICING, LLC 1 6.99% $11,479
LAND HOME FINANCIAL SERVICES, INC. 1 8.13% $7,223
Ixonia Bank 1 7.38% $5,103
HOMEXPRESS MORTGAGE CORP. 1 8.63% $25,652
LOANPEOPLE, LLC 1 7.50% $4,372
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $6,064
GUARANTY HOME MORTGAGE CORPORATION 1 7.13% $3,137
Morgan Stanley Private Bank 1 5.60% $3,942

LAS CRUCES Average Closing Costs & Other Stats

LAS CRUCES, NM's 133 lenders originated 3,253 loans during 2023. The total origination value was $758,285,000, with an average loan value of $233,103.

LAS CRUCES's average closing costs are $5,545.

The top LAS CRUCES lender as defined by loan originations is Citizens Bank of Las Cruces, with 177 loans originated. Their average total fees are $4,707, which is $3,854 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee LAS CRUCES lenders (with over 10 loans originated) are FirstLight Federal Credit Union ($2,704), NAVY FEDERAL CREDIT UNION ($3,095), SUN AMERICAN MORTGAGE COMPANY ($3,815), Gateway First Bank ($3,895) and NUSENDA ($4,056).

The lowest rate LAS CRUCES lenders (with over 10 loans originated) are NUSENDA (5.80%), Bank of America (6.34%), White Sands Federal Credit Union (6.41%), NAVY FEDERAL CREDIT UNION (6.44%) and First American Bank (6.50%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Citizens Bank of Las Cruces $135,970,000 $81,745,000 -39.9% 10.8%
QUICKEN LOANS, LLC $84,410,000 $55,455,000 -34.3% 7.3%
UNITED WHOLESALE MORTGAGE, LLC $20,575,000 $50,640,000 146.1% 6.7%
CROSSCOUNTRY MORTGAGE, LLC $17,990,000 $40,730,000 126.4% 5.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $34,640,000 $26,570,000 -23.3% 3.5%
Waterstone Mortgage Corporation $27,430,000 $25,895,000 -5.6% 3.4%
Mortgage Research Center, LLC $28,520,000 $18,940,000 -33.6% 2.5%
ACADEMY MORTGAGE CORPORATION $2,165,000 $18,920,000 773.9% 2.5%
Rocky Mountain Mortgage Company $6,010,000 $17,205,000 186.3% 2.3%
GUILD MORTGAGE COMPANY $16,380,000 $15,205,000 -7.2% 2.0%
NAVY FEDERAL CREDIT UNION $16,795,000 $14,175,000 -15.6% 1.9%
First New Mexico Bank, Las Cruces $24,525,000 $12,960,000 -47.2% 1.7%
First American Bank $115,000 $12,710,000 10,952.2% 1.7%
MANN FINANCIAL INC. $33,550,000 $12,310,000 -63.3% 1.6%
Wells Fargo Bank $24,005,000 $10,990,000 -54.2% 1.4%
ORIX REAL ESTATE CAPITAL, LLC $10,415,000 n/a 1.4%
21ST MORTGAGE CORPORATION $7,650,000 $10,315,000 34.8% 1.4%
NUSENDA $4,415,000 $9,740,000 120.6% 1.3%
Gateway First Bank $24,500,000 $9,505,000 -61.2% 1.3%
AMCAP MORTGAGE, LTD. $10,005,000 $8,695,000 -13.1% 1.1%
U.S. Bank $12,470,000 $8,620,000 -30.9% 1.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $33,490,000 $7,925,000 -76.3% 1.0%
FirstLight Federal Credit Union $12,065,000 $7,885,000 -34.6% 1.0%
Commerce Home Mortgage, Inc. $8,790,000 $7,585,000 -13.7% 1.0%
LOANDEPOT.COM, LLC $23,640,000 $7,380,000 -68.8% 1.0%
SUN AMERICAN MORTGAGE COMPANY $13,245,000 $7,265,000 -45.1% 1.0%
CARDINAL FINANCIAL $8,440,000 $7,155,000 -15.2% 0.9%
White Sands Federal Credit Union $1,630,000 $7,080,000 334.4% 0.9%
GECU $8,210,000 $6,880,000 -16.2% 0.9%
USAA Federal Savings Bank $16,440,000 $6,260,000 -61.9% 0.8%
PENNYMAC LOAN SERVICES, LLC $11,215,000 $5,800,000 -48.3% 0.8%
BROKER SOLUTIONS, INC. $32,960,000 $5,700,000 -82.7% 0.8%
JPMorgan Chase Bank $8,305,000 $5,315,000 -36.0% 0.7%
Bank of America $8,250,000 $5,310,000 -35.6% 0.7%
Flagstar Bank, FSB $4,055,000 $5,065,000 24.9% 0.7%
CMG MORTGAGE, INC. $3,740,000 $4,910,000 31.3% 0.6%
UNION HOME MORTGAGE CORP. $3,535,000 $4,910,000 38.9% 0.6%
AMERISAVE MORTGAGE CORPORATION $14,075,000 $4,835,000 -65.6% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $9,300,000 $4,580,000 -50.8% 0.6%
FREEDOM MORTGAGE CORPORATION $7,210,000 $4,570,000 -36.6% 0.6%
Plains Commerce Bank $930,000 $4,455,000 379.0% 0.6%
GUARANTEED RATE, INC. $5,060,000 $4,390,000 -13.2% 0.6%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,420,000 $4,170,000 193.7% 0.5%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,530,000 $4,135,000 170.3% 0.5%
PNC Bank $3,770,000 $4,025,000 6.8% 0.5%
NEWREZ LLC $4,955,000 $3,970,000 -19.9% 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,365,000 $3,845,000 62.6% 0.5%
The Federal Savings Bank $2,265,000 $3,825,000 68.9% 0.5%
MID AMERICA MORTGAGE, INC. $2,220,000 $3,705,000 66.9% 0.5%
Arbor Realty Trust, Inc. $3,605,000 n/a 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,495,000 $3,405,000 -59.9% 0.4%
BOKF $4,145,000 $3,320,000 -19.9% 0.4%
WILLOW BEND MORTGAGE COMPANY, LLC $3,135,000 n/a 0.4%
CORNERSTONE HOME LENDING, INC. $4,000,000 $3,015,000 -24.6% 0.4%
MOVEMENT MORTGAGE, LLC $3,615,000 $2,945,000 -18.5% 0.4%
Discover Bank $1,670,000 $2,740,000 64.1% 0.4%
Sunflower Bank $5,615,000 $2,455,000 -56.3% 0.3%
BMO Harris Bank $795,000 $2,450,000 208.2% 0.3%
LENDSURE MORTGAGE CORP. $580,000 $2,370,000 308.6% 0.3%
Carrington Mortgage Services, LLC $1,900,000 $2,300,000 21.1% 0.3%
LOANPAL, LLC $5,790,000 $2,290,000 -60.4% 0.3%
Washington Federal Bank $11,700,000 $2,260,000 -80.7% 0.3%
PENTAGON FEDERAL CREDIT UNION $2,660,000 $2,160,000 -18.8% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $3,670,000 $2,110,000 -42.5% 0.3%
CADENCE LENDING GROUP, INC. $3,295,000 $2,095,000 -36.4% 0.3%
NexBank $2,020,000 n/a 0.3%
Pioneer Bank $1,490,000 $1,905,000 27.9% 0.3%
DIRECTIONS EQUITY, LLC $1,890,000 n/a 0.2%
Nations Lending Corporation $1,190,000 $1,850,000 55.5% 0.2%
Century Mortgage Company DBA Century Lending Company $460,000 $1,830,000 297.8% 0.2%
NEW DAY FINANCIAL, LLC $2,215,000 $1,800,000 -18.7% 0.2%
EUSTIS AND AMERICAN MORTGAGE COMPANY $2,975,000 $1,785,000 -40.0% 0.2%
BNC National Bank $275,000 $1,620,000 489.1% 0.2%
Sierra Pacific Mortgage Company, Inc. $1,600,000 n/a 0.2%
Vantage Bank Texas $245,000 $1,555,000 534.7% 0.2%
OCMBC, INC. $1,545,000 n/a 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $3,050,000 $1,530,000 -49.8% 0.2%
SECURITYNATIONAL MORTGAGE COMPANY $335,000 $1,525,000 355.2% 0.2%
V.I.P. MORTGAGE, INC. $195,000 $1,440,000 638.5% 0.2%
BETTER MORTGAGE CORPORATION $5,805,000 $1,410,000 -75.7% 0.2%
MICHIGAN MUTUAL, INC. $1,370,000 n/a 0.2%
Armed Forces Bank $1,455,000 $1,315,000 -9.6% 0.2%
VILLAGE CAPITAL MORTGAGE $1,090,000 $1,280,000 17.4% 0.2%
Figure Lending LLC $1,055,000 $1,250,000 18.5% 0.2%
MORTGAGEONE, INC. $455,000 $1,245,000 173.6% 0.2%
PREMIA MORTGAGE, LLC $465,000 $1,215,000 161.3% 0.2%
The Huntington National Bank $1,670,000 $1,205,000 -27.8% 0.2%
HOMESIDE FINANCIAL, LLC $500,000 $1,180,000 136.0% 0.2%
Goldwater Bank, N.A. $135,000 $1,160,000 759.3% 0.2%
WestStar Bank $1,150,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $610,000 $1,125,000 84.4% 0.1%
SANDIA LABORATORY $915,000 $1,115,000 21.9% 0.1%
First Savings Bank $840,000 $1,110,000 32.1% 0.1%
HOMEXPRESS MORTGAGE CORP. $1,110,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $1,545,000 $1,070,000 -30.7% 0.1%
Barrington Bank & Trust Company, N.A. $990,000 $1,050,000 6.1% 0.1%
ZILLOW HOME LOANS, LLC $1,050,000 $1,010,000 -3.8% 0.1%
Northpointe Bank $1,695,000 $965,000 -43.1% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $255,000 $935,000 266.7% 0.1%
CLEARPATH LENDING $1,415,000 $895,000 -36.7% 0.1%
Morgan Stanley Private Bank $205,000 $890,000 334.1% 0.1%
EL PASO AREA TEACHERS $1,260,000 $855,000 -32.1% 0.1%
Equity Prime Mortgage LLC $155,000 $855,000 451.6% 0.1%
First Option Mortgage, LLC $845,000 n/a 0.1%
CHERRY CREEK MORTGAGE, LLC $1,135,000 $825,000 -27.3% 0.1%
DEEPHAVEN MORTGAGE LLC $780,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $755,000 $770,000 2.0% 0.1%
Coastal Community Bank $765,000 n/a 0.1%
MORIA DEVELOPMENT, INC. $495,000 $760,000 53.5% 0.1%
EMBRACE HOME LOANS, INC. $615,000 $750,000 22.0% 0.1%
LAKEVIEW LOAN SERVICING, LLC $4,390,000 $750,000 -82.9% 0.1%
First National Bank Texas $2,010,000 $730,000 -63.7% 0.1%
Magnolia Bank $1,345,000 $720,000 -46.5% 0.1%
EVOLVE $350,000 $705,000 101.4% 0.1%
SPRING EQ, LLC $680,000 n/a 0.1%
PLANET HOME LENDING, LLC $2,055,000 $665,000 -67.6% 0.1%
NBKC BANK $900,000 $660,000 -26.7% 0.1%
GENEVA FINANCIAL, LLC $630,000 n/a 0.1%
PHH Mortgage Corporation $790,000 $625,000 -20.9% 0.1%
Kirtland Federal Credit Union $1,070,000 $615,000 -42.5% 0.1%
SUMMIT FUNDING, INC. $615,000 n/a 0.1%
LENDINGONE, LLC $280,000 $605,000 116.1% 0.1%
TIB The Independent Bankersbank $865,000 $600,000 -30.6% 0.1%
Citizens Bank $745,000 $590,000 -20.8% 0.1%
MOUNTAIN AMERICA $940,000 $565,000 -39.9% 0.1%
SOUTHWEST STAGE FUNDING, LLC $65,000 $565,000 769.2% 0.1%
Great Southern Bank $535,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $530,000 n/a 0.1%
Loan Simple, Inc. $705,000 $530,000 -24.8% 0.1%
Service Federal Credit Union $275,000 $505,000 83.6% 0.1%
Bank of the Southwest $490,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $540,000 $485,000 -10.2% 0.1%
Ixonia Bank $105,000 $475,000 352.4% 0.1%
Adams Bank & Trust $465,000 n/a 0.1%
STAR ONE CREDIT UNION $460,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,405,000 $460,000 -67.3% 0.1%
American Airlines Federal Credit Union $165,000 $445,000 169.7% 0.1%
RANLIFE, INC. $445,000 n/a 0.1%
City Bank $2,500,000 $435,000 -82.6% 0.1%
COLUMBIA COMMUNITY CREDIT UNION $425,000 n/a 0.1%
BECKAM FUNDING CORP. $415,000 n/a 0.1%
Bank of the West $4,640,000 $400,000 -91.4% 0.1%
Bell Bank $340,000 $380,000 11.8% 0.1%
Capital Bank $375,000 n/a 0.0%
Princeton Mortgage Corporation $255,000 $365,000 43.1% 0.0%
Ally Bank $1,335,000 $335,000 -74.9% 0.0%
Simmons Bank $335,000 $335,000 0.0% 0.0%
NOVA FINANCIAL & INVESTMENT CORPORATION $900,000 $325,000 -63.9% 0.0%
AMERICAN HERITAGE LENDING, INC. $440,000 $320,000 -27.3% 0.0%
RESIDENTIAL BANCORP $950,000 $305,000 -67.9% 0.0%
The Central Trust Bank $1,485,000 $305,000 -79.5% 0.0%
First Federal Bank $135,000 $295,000 118.5% 0.0%
RIO GRANDE $295,000 n/a 0.0%
Servion, Inc. $295,000 n/a 0.0%
SILVER HILL FUNDING, LLC $295,000 n/a 0.0%
THE MORTGAGE LINK, INC. $295,000 n/a 0.0%
FLAT BRANCH MORTGAGE, INC. $285,000 n/a 0.0%
DIRECTORS MORTGAGE, INC. $275,000 n/a 0.0%
EVERETT FINANCIAL, INC. $505,000 $275,000 -45.5% 0.0%
POLARIS HOME FUNDING CORP. $275,000 n/a 0.0%
LOANPEOPLE, LLC $265,000 n/a 0.0%
North American Savings Bank, F.S.B. $1,740,000 $265,000 -84.8% 0.0%
Colonial Savings, F.A. $1,185,000 $255,000 -78.5% 0.0%
Bethpage Federal Credit Union $75,000 $250,000 233.3% 0.0%
CASTLE & COOKE MORTGAGE, LLC $2,895,000 $245,000 -91.5% 0.0%
ALLIANT CREDIT UNION $235,000 n/a 0.0%
INTERCAP LENDING INC. $95,000 $235,000 147.4% 0.0%
LEGEND LENDING CORPORATION $235,000 n/a 0.0%
SIRVA MORTGAGE, INC. $225,000 n/a 0.0%
UBS Bank USA $475,000 $225,000 -52.6% 0.0%
VERITAS FUNDING, LLC $410,000 $225,000 -45.1% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $215,000 n/a 0.0%
Amarillo National Bank $205,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $685,000 $205,000 -70.1% 0.0%
Old National Bank $335,000 $205,000 -38.8% 0.0%
KINECTA $215,000 $195,000 -9.3% 0.0%
TOP FLITE FINANCIAL, INC. $275,000 $185,000 -32.7% 0.0%
BAY EQUITY LLC $175,000 n/a 0.0%
LAND HOME FINANCIAL SERVICES, INC. $175,000 n/a 0.0%
CANOPY MORTGAGE, LLC $165,000 n/a 0.0%
Bank of Utah $155,000 n/a 0.0%
CITIZENS EQUITY FIRST $155,000 n/a 0.0%
CONTOUR MORTGAGE CORPORATION $155,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $155,000 n/a 0.0%
STATE EMPLOYEES $25,000 $150,000 500.0% 0.0%
Truist $145,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $95,000 $135,000 42.1% 0.0%
DAS Acquisition Company, LLC $85,000 $135,000 58.8% 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $215,000 $135,000 -37.2% 0.0%
ROYAL UNITED MORTGAGE LLC $345,000 $135,000 -60.9% 0.0%
Network Funding, L.P. $125,000 n/a 0.0%
United States Senate Federal Credit Union $125,000 n/a 0.0%
U.S. EAGLE $125,000 n/a 0.0%
WESCOM CENTRAL CREDIT UNION $295,000 $125,000 -57.6% 0.0%
Axos Bank $115,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $115,000 n/a 0.0%
S1L, Inc. $470,000 $115,000 -75.5% 0.0%
ONE NEVADA CREDIT UNION $105,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $355,000 $95,000 -73.2% 0.0%
RBC Bank, (Georgia) $95,000 n/a 0.0%
Del Norte Credit Union $620,000 $90,000 -85.5% 0.0%
VAN DYK MORTGAGE CORPORATION $925,000 $85,000 -90.8% 0.0%
Deere Employees Credit Union $75,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $1,000,000 $75,000 -92.5% 0.0%
First Savings Bank $840,000 $75,000 -91.1% 0.0%
Prosperity Home Mortgage, LLC $760,000 $75,000 -90.1% 0.0%
UNIVERSITY CREDIT UNION $75,000 n/a 0.0%
First Financial Credit Union $925,000 $55,000 -94.1% 0.0%
TRIAD FINANCIAL SERVICES, INC. $1,510,000 $55,000 -96.4% 0.0%

LAS CRUCES's top lender by overall market share is Citizens Bank of Las Cruces, with 10.8% market share. In second place, with 7.3%, is QUICKEN LOANS, LLC, having originated $55,455,000 in loans. In third place, with 6.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $50,640,000 in loans. In fourth place, with 5.4%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $40,730,000 in loans. In fifth place, with 3.5%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $26,570,000 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 $213,913 (4.0%) $274,512 (5.8%) 0.79 772
2018-02-01 $213,200 (-0.8%) $272,963 (4.8%) 0.77 781
2018-03-01 $207,975 (-1.5%) $260,016 (0.6%) 0.73 837
2018-04-01 $208,750 (-0.1%) $262,181 (2.1%) 0.71 840
2018-05-01 $209,475 (1.0%) $267,689 (5.1%) 0.70 859
2018-06-01 $215,000 (4.1%) $269,950 (4.3%) 0.72 855
2018-07-01 $213,623 (1.8%) $269,171 (5.0%) 0.71 863
2018-08-01 $205,238 (-2.7%) $262,815 (1.7%) 0.69 857
2018-09-01 $209,250 (-1.7%) $265,708 (2.3%) 0.70 836
2018-10-01 $210,370 (-1.8%) $271,910 (4.6%) 0.71 852
2018-11-01 $206,500 (-3.2%) $271,086 (3.2%) 0.70 825
2018-12-01 $204,450 (-2.6%) $267,629 (2.4%) 0.71 801
2019-01-01 $205,000 (-4.2%) $280,332 (2.1%) 0.71 724
2019-02-01 $216,873 (1.7%) $286,198 (4.9%) 0.73 723
2019-03-01 $216,490 (4.1%) $290,624 (11.8%) 0.71 704
2019-04-01 $224,500 (7.5%) $303,317 (15.7%) 0.71 670
2019-05-01 $224,900 (7.4%) $308,721 (15.3%) 0.70 681
2019-06-01 $227,500 (5.8%) $313,905 (16.3%) 0.71 684
2019-07-01 $229,488 (7.4%) $313,461 (16.5%) 0.72 683
2019-08-01 $229,273 (11.7%) $312,273 (18.8%) 0.73 683
2019-09-01 $229,682 (9.8%) $311,210 (17.1%) 0.74 671
2019-10-01 $229,975 (9.3%) $312,123 (14.8%) 0.74 663
2019-11-01 $228,900 (10.9%) $300,715 (10.9%) 0.75 657
2019-12-01 $228,850 (11.9%) $298,923 (11.7%) 0.76 625
2020-01-01 $224,056 (9.3%) $282,827 (0.9%) 0.75 741
2020-02-01 $225,000 (3.8%) $283,542 (-0.9%) 0.74 772
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 $238,000 (5.8%) $294,710 (-4.5%) 0.72 738
2020-06-01 $242,000 (6.4%) $297,601 (-5.2%) 0.71 729
2020-07-01 $242,500 (5.7%) $300,470 (-4.1%) 0.70 714
2020-08-01 $239,000 (4.2%) $300,581 (-3.7%) 0.68 714
2020-09-01 $238,320 (3.8%) $300,940 (-3.3%) 0.68 659
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%) $303,283 (1.5%) 0.74 642
2021-01-01 $261,250 (16.6%) $307,378 (8.7%) 0.78 593
2021-02-01 $264,500 (17.6%) $307,723 (8.5%) 0.77 601
2021-03-01 $265,955 (13.2%) $306,169 (4.3%) 0.75 636
2021-04-01 $269,000 (14.2%) $303,653 (3.3%) 0.73 664
2021-05-01 $275,000 (15.6%) $310,030 (5.2%) 0.73 671
2021-06-01 $278,989 (15.3%) $319,530 (7.4%) 0.73 690
2021-07-01 $284,035 (17.1%) $325,916 (8.5%) 0.75 741
2021-08-01 $285,000 (19.3%) $327,274 (8.9%) 0.76 799
2021-09-01 $279,500 (17.3%) $330,077 (9.7%) 0.75 762
2021-10-01 $285,000 (20.8%) $338,197 (13.0%) 0.76 709
2021-11-01 $278,978 (15.8%) $336,099 (11.2%) 0.75 681
2021-12-01 $293,500 (17.7%) $341,094 (12.5%) 0.80 659
2022-01-01 $335,000 (28.2%) $355,986 (15.8%) 0.91 614
2022-02-01 $346,500 (31.0%) $362,787 (17.9%) 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 (24.2%) 0.79 607
2022-05-01 $338,818 (23.2%) $383,578 (23.7%) 0.77 606
2022-06-01 $346,330 (24.1%) $384,608 (20.4%) 0.77 631
2022-07-01 $356,130 (25.4%) $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 (22.1%) 0.85 655
2022-10-01 $359,613 (26.2%) $393,849 (16.5%) 0.85 672
2022-11-01 $362,950 (30.1%) $389,911 (16.0%) 0.87 750
2022-12-01 $369,500 (25.9%) $392,120 (15.0%) 0.91 681
2023-01-01 $370,113 (10.5%) $390,477 (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 $353,162 (4.2%) $401,570 (4.7%) 0.80 714
2023-06-01 $356,263 (2.9%) $403,449 (4.9%) 0.80 711
2023-07-01 $362,950 (1.9%) $411,895 (5.6%) 0.82 706
2023-08-01 $357,475 (-1.1%) $407,516 (2.5%) 0.82 777
2023-09-01 $357,375 (-2.1%) $408,141 (1.3%) 0.83 911
2023-10-01 $362,475 (0.8%) $422,837 (7.4%) 0.85 598
2023-11-01 $372,338 (2.6%) $430,650 (10.5%) 0.89 607
2023-12-01 $369,950 (0.1%) $434,084 (10.7%) 0.90 597
2024-01-01 $370,088 (0.0%) $438,392 (12.3%) 0.90 582
2024-02-01 $374,963 (4.2%) $440,668 (15.0%) 0.90 599
2024-03-01 $369,000 (5.1%) $430,993 (11.8%) 0.87 630
2024-04-01 $365,000 (4.3%) $425,553 (9.0%) 0.85 650
2024-05-01 $365,000 (3.4%) $422,378 (5.2%) 0.83 670
LAS CRUCES's median listing price for 2024-05-01 was $365,000, a difference of $11,838 (3.4%) versus the prior year and $0 versus the prior month.

LAS CRUCES's median listing price comes in at 83% of the national average.

LAS CRUCES's average listing price for 2024-05-01 was $422,378, a difference of $20,808 (5.2%) versus the prior year and $-3,175 versus the prior month.

For the 2024-05-01 period, LAS CRUCES had 670 MLS listings, a difference of 20 listings (3%) versus the prior month and -44 listings (-6%) 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 1,946 sqft
2018-02-01 94 days 1,939 sqft
2018-03-01 73 days 1,929 sqft
2018-04-01 68 days 1,945 sqft
2018-05-01 65 days 1,963 sqft
2018-06-01 63 days 1,957 sqft
2018-07-01 73 days 1,946 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 1,926 sqft
2019-02-01 81 days 1,972 sqft
2019-03-01 72 days 1,958 sqft
2019-04-01 66 days 2,012 sqft
2019-05-01 61 days 1,989 sqft
2019-06-01 64 days 2,024 sqft
2019-07-01 62 days 2,052 sqft
2019-08-01 64 days 2,072 sqft
2019-09-01 67 days 2,064 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 83 days 1,966 sqft
2020-02-01 80 days 1,970 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 1,981 sqft
2020-07-01 57 days 2,000 sqft
2020-08-01 53 days 1,987 sqft
2020-09-01 52 days 1,968 sqft
2020-10-01 47 days 1,959 sqft
2020-11-01 47 days 1,961 sqft
2020-12-01 55 days 1,987 sqft
2021-01-01 61 days 2,020 sqft
2021-02-01 45 days 2,008 sqft
2021-03-01 44 days 2,001 sqft
2021-04-01 43 days 1,995 sqft
2021-05-01 44 days 1,999 sqft
2021-06-01 48 days 2,015 sqft
2021-07-01 45 days 2,045 sqft
2021-08-01 42 days 2,002 sqft
2021-09-01 51 days 1,942 sqft
2021-10-01 57 days 1,998 sqft
2021-11-01 55 days 1,963 sqft
2021-12-01 57 days 2,005 sqft
2022-01-01 56 days 2,119 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 2,031 sqft
2022-11-01 51 days 2,030 sqft
2022-12-01 58 days 2,026 sqft
2023-01-01 72 days 2,023 sqft
2023-02-01 90 days 1,986 sqft
2023-03-01 75 days 1,953 sqft
2023-04-01 53 days 1,960 sqft
2023-05-01 58 days 1,974 sqft
2023-06-01 60 days 1,988 sqft
2023-07-01 59 days 2,052 sqft
2023-08-01 58 days 2,014 sqft
2023-09-01 72 days 2,000 sqft
2023-10-01 82 days 2,056 sqft
2023-11-01 74 days 2,112 sqft
2023-12-01 86 days 2,097 sqft
2024-01-01 85 days 2,108 sqft
2024-02-01 65 days 2,136 sqft
2024-03-01 54 days 2,050 sqft
2024-04-01 58 days 2,023 sqft
2024-05-01 61 days 2,000 sqft
LAS CRUCES's median listing age (time on market) for 2024-05-01 was 61 days. This is 5% longer than the same period one year ago.

LAS CRUCES's median square footage for active listings during the 2024-05-01 period was 2,000 sqft. One year prior, the average listing was 1,974 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.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
87936 Las Cruces, NM MSA $710 $770 $890 $1,260 $1,450
87937 Las Cruces, NM MSA $640 $690 $800 $1,130 $1,300
87940 Las Cruces, NM MSA $710 $760 $880 $1,250 $1,440
87941 Las Cruces, NM MSA $640 $690 $800 $1,130 $1,300
88001 Las Cruces, NM MSA $730 $790 $910 $1,290 $1,490
88002 Las Cruces, NM MSA $1,070 $1,160 $1,340 $1,900 $2,190
88003 Las Cruces, NM MSA $730 $790 $910 $1,290 $1,490
88004 Las Cruces, NM MSA $710 $770 $890 $1,260 $1,450
88005 Las Cruces, NM MSA $700 $750 $870 $1,240 $1,420
88007 Las Cruces, NM MSA $660 $710 $820 $1,170 $1,340
88008 Las Cruces, NM MSA $760 $820 $950 $1,350 $1,550
88011 Las Cruces, NM MSA $860 $930 $1,070 $1,520 $1,750
88012 Las Cruces, NM MSA $940 $1,010 $1,170 $1,660 $1,910
88013 Las Cruces, NM MSA $710 $770 $890 $1,260 $1,450
88021 Las Cruces, NM MSA $640 $690 $800 $1,130 $1,300
88024 Las Cruces, NM MSA $660 $710 $820 $1,160 $1,330
88027 Las Cruces, NM MSA $710 $760 $890 $1,260 $1,450
88032 Las Cruces, NM MSA $750 $800 $930 $1,320 $1,520
88033 Las Cruces, NM MSA $710 $770 $890 $1,260 $1,450
88044 Las Cruces, NM MSA $750 $810 $940 $1,340 $1,540
88046 Las Cruces, NM MSA $680 $740 $850 $1,210 $1,390
88047 Las Cruces, NM MSA $760 $820 $950 $1,340 $1,550
88048 Las Cruces, NM MSA $780 $840 $970 $1,390 $1,590
88052 Las Cruces, NM MSA $900 $970 $1,120 $1,600 $1,840
88063 Las Cruces, NM MSA $660 $710 $830 $1,170 $1,350
88072 Las Cruces, NM MSA $710 $770 $890 $1,250 $1,440
88081 Las Cruces, NM MSA $660 $710 $820 $1,170 $1,340

2022 Average & Median Rent Data Statistics
LAS CRUCES, NM average 1BR rent: $797, median: $770
LAS CRUCES, NM average 2BR rent: $922, median: $890
LAS CRUCES, NM average 3BR rent: $1,308, median: $1,260

LAS CRUCES, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,357 $600,565,000 $254,801
Cash Out Refi 455 $91,805,000 $201,769
Other 171 $15,935,000 $93,187
Home Improvement 157 $13,375,000 $85,191
Refi 113 $36,605,000 $323,938

Las Cruces's most frequently cited loan purpose was Home Purchase, with 2,357 originations. The 2nd most popular reason was Cash Out Refi, with 455 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,180 $317,900,000 $269,407
7-8% 656 $153,970,000 $234,710
5-6% 654 $177,450,000 $271,330
Over 8% 596 $59,430,000 $99,715
4-5% 55 $15,805,000 $287,364
<2.5% 20 $10,890,000 $544,500
3-4% 10 $1,960,000 $196,000
2.5-3% 8 $1,560,000 $195,000

During 2023, Las Cruces's most frequently originated rate bucket was 6-7%, with 1,180 originations.

Loan Sizing (LAS CRUCES, NM MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,508 $420,380,000 $278,767
$100k-200k 768 $118,470,000 $154,258
$100,000 or less 636 $31,490,000 $49,513
$400k-600k 275 $127,665,000 $464,236
$600k-1000k 58 $39,000,000 $672,414
$Over $1MM 8 $21,280,000 $2,660,000

LAS CRUCES's loan sizing saw the bucket of loans from $200k-400k with 1,508 originations, totaling $420,380,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,560 $434,880,000 $278,769
60-80% 654 $171,520,000 $262,263
Under 20% 360 $12,490,000 $34,694
20-40% 262 $27,710,000 $105,763
40-60% 247 $50,545,000 $204,636
Over 100% 85 $39,205,000 $461,235

LAS CRUCES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,560 originations, totaling $434,880,000 in origination value.