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 3.1% for the week of 2021-11-24, compared to the national average of 3.1% for the same period.

The average rate for the prior week (2021-11-18) was 3.5% and one month ago for the week of 2021-10-21, the average rate was 3.29%.

Las Cruces's average rate one year ago was 2.92%.

For refis of the same type during the week of 2021-11-24, the average rate was 3%.

Loan Type Date Rate
US 30 Year Fixed Rate 2021-11-24 3.1%
Las Cruces 30 Year Fixed Rate 2021-11-24 3.1%
Las Cruces 30 Year Fixed Rate Refi 2021-11-24 3%
Las Cruces 15 Year Fixed Rate 2021-11-24 2.87%
Las Cruces 15 Year Fixed Rate Refi 2021-11-24 2.56%
Las Cruces 30 Year FHA 2021-11-24 3.44%
Las Cruces 30 Year FHA Refi 2021-11-24 3.5%
Las Cruces 30 Year USDA 2021-11-24 3.24%
Las Cruces 30 Year VA 2021-11-24 3.3%
Las Cruces 30 Year VA Refi 2021-11-24 2.9%
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 lendor, 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 2020 Avg. 30yFix Rate 2020 Avg. Total Fees
Citizens Bank of Las Cruces 491 3.11% $2,383
QUICKEN LOANS, LLC 267 3.33% $5,303
First American Bank 164 2.98% $1,945
PRIMARY RESIDENTIAL MORTGAGE, INC. 100 3.04% $3,010
BROKER SOLUTIONS, INC. 89 3.39% $3,978
Wells Fargo Bank, National Association 78 3.43% $3,297
FirstLight Federal Credit Union 76 3.36% $4,452
LOANDEPOT.COM, LLC 61 3.29% $5,316
Gateway First Bank 53 3.27% $3,084
Waterstone Mortgage Corporation 53 3.55% $4,214
CORNERSTONE HOME LENDING, INC. 50 3.22% $3,434
MOVEMENT MORTGAGE, LLC 44 3.40% $2,947
MANN FINANCIAL INC. 43 3.21% $4,687
White Sands Federal Credit Union 38 3.48% $4,898
BBVA USA 34 3.81% $4,467
U.S. Bank National Association 31 3.26% $3,392
Bank of America, National Association 31 3.56% $3,782
LOANPAL, LLC 30 3.52% $4,902
Pioneer Bank 29 3.75% $2,680
GUARANTEED RATE, INC. 24 3.35% $4,898
BETTER MORTGAGE CORPORATION 22 3.13% $2,893
AMERISAVE MORTGAGE CORPORATION 22 2.87% $5,051
CALIBER HOME LOANS, INC. 22 3.45% $3,641
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 22 3.38% $4,653
JPMorgan Chase Bank, National Association 20 3.29% $3,801
Sunflower Bank, National Association 20 3.63% $3,633
AMCAP MORTGAGE, LTD. 18 3.19% $4,603
NAVY FEDERAL CREDIT UNION 18 3.72% $3,830
HOMEBRIDGE FINANCIAL SERVICES, INC. 17 3.56% $6,973
UNITED WHOLESALE MORTGAGE, LLC 17 2.94% $4,816
USAA Federal Savings Bank 16 3.61% $4,009
BOKF, National Association 14 3.54% $3,359
KELLER MORTGAGE, LLC 13 3.53% $2,936
MUTUAL OF OMAHA MORTGAGE, INC. 10 3.52% $5,262
NATIONSTAR MORTGAGE LLC 10 3.43% $5,195
NEWREZ LLC 9 3.55% $3,738
ANGEL OAK HOME LOANS LLC 9 3.28% $3,227
CMG MORTGAGE, INC. 9 3.47% $4,674
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.58% $5,181
Washington Federal Bank, National Association 8 3.64% $4,415
SUN AMERICAN MORTGAGE COMPANY 8 2.89% $3,093
City Bank 8 3.33% $4,188
PENNYMAC LOAN SERVICES, LLC 7 3.29% $3,628
CASTLE & COOKE MORTGAGE, LLC 7 3.45% $3,845
CADENCE LENDING GROUP, INC. 7 2.89% $3,782
Bank of the West 7 3.80% $4,181
NOVA FINANCIAL & INVESTMENT CORPORATION 6 3.10% $2,589
Citizens Bank, National Association 6 3.19% $3,697
Flagstar Bank, FSB 6 3.59% $3,338
TIB The Independent Bankersbank, National Association 5 3.58% $3,124
AMERICAN FINANCING CORPORATION 5 3.40% $4,020
Goldwater Bank, N.A. 5 3.18% $4,099
CERTAINTY HOME LOANS, LLC 5 3.10% $5,043
V.I.P. MORTGAGE, INC. 5 3.21% $4,329
ZILLOW HOME LOANS, LLC 4 3.31% $2,887
HOME POINT FINANCIAL CORPORATION 4 3.91% $4,720
LEGACY MORTGAGE LLC 4 3.38% $3,869
MEMBER FIRST MORTGAGE, LLC 4 3.28% $3,406
Mortgage Research Center, LLC 4 2.88% $3,188
NBH Bank 4 3.31% $3,322
PENTAGON FEDERAL CREDIT UNION 4 3.25% $1,739
PLAZA HOME MORTGAGE, INC. 4 4.00% $3,216
SECURITYNATIONAL MORTGAGE COMPANY 4 3.50% $4,120
UNION HOME MORTGAGE CORP. 4 3.38% $5,986
PREMIA MORTGAGE, LLC 3 2.71% $3,667
Ally Bank 3 3.25% $5,738
Enterprise Bank & Trust 3 2.88% $3,084
NUSENDA 3 3.21% $3,135
EL PASO AREA TEACHERS 3 3.54% $5,228
First Savings Bank 3 2.88% $6,741
First National Bank Texas 3 2.92% $3,271
First Financial Credit Union 3 2.83% $2,693
ACADEMY MORTGAGE CORPORATION 3 3.25% $4,129
FREEDOM MORTGAGE CORPORATION 3 3.04% $2,457
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 3.58% $3,416
Truist Bank 3 3.73% $3,585
FirstBank 3 2.88% $3,606
SUN WEST MORTGAGE COMPANY, INC. 3 3.42% $0
Carrington Mortgage Services, LLC 3 3.13% $4,473
HOMESTEAD FUNDING CORP. 2 3.00% $4,156
FINANCE OF AMERICA MORTGAGE LLC 2 3.44% $3,190
Evolve Bank & Trust 2 3.75% $3,847
GUILD MORTGAGE COMPANY 2 4.06% $2,829
EVERETT FINANCIAL, INC. 2 3.25% $1,762
AMERICAN INTERNET MORTGAGE, INC. 2 3.63% $3,794
LENDUS, LLC 2 3.06% $3,351
Discover Bank 2 4.49% $0
CONTOUR MORTGAGE CORPORATION 2 3.56% $5,238
NBKC BANK 2 3.00% $2,184
Commerce Home Mortgage, Inc. 2 3.18% $3,909
PLANET HOME LENDING, LLC 2 3.38% $4,798
PNC Bank, National Association 2 3.38% $2,909
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.31% $5,799
BNC National Bank 2 3.31% $3,303
Rocky Mountain Mortgage Company 2 2.63% $2,219
SANDIA AREA 2 3.44% $4,636
SPRING EQ, LLC 2 2.81% $2,422
BELEM SERVICING LLC 2 3.69% $2,928
TIAA, FSB 2 3.99% $6,688
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.12% $4,759
VANDERBILT MORTGAGE AND FINANCE, INC. 2 3.19% $2,938
First Guaranty Mortgage Corporation 2 3.88% $3,634
CRESCENT MORTGAGE COMPANY 1 2.99% $5,287
Bank of England 1 3.25% $5,952
American Bank of Oklahoma 1 3.25% $3,232
Arvest Bank 1 3.88% $3,276
First Financial Bank, National Association 1 3.00% $2,219
NFM, INC. 1 2.75% $3,891
CHURCHILL MORTGAGE CORPORATION 1 3.99% $6,515
Kirtland Federal Credit Union 1 3.25% $1,674
ONE NEVADA CREDIT UNION 1 3.25% $1,723
OPEN MORTGAGE, LLC 1 3.63% $6,835
CHERRY CREEK MORTGAGE, LLC 1 3.00% $221
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.00% $2,416
PHH Mortgage Corporation 1 3.13% $4,955
CENTENNIAL LENDING, LLC 1 3.00% $4,604
GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.50% $3,011
Willamette Valley Bank 1 2.63% $5,618
VAN DYK MORTGAGE CORPORATION 1 3.50% $7,886
JAMES B. NUTTER & COMPANY 1 3.75% $5,501
Presidential Bank, FSB 1 2.63% $2,793
InterContinental Capital Group, Inc 1 2.75% $3,485
Amerifirst Financial, Inc. 1 2.63% $2,790
GARDNER FINANCIAL SERVICES, LTD. 1 3.25% $2,397
RANLIFE, INC. 1 3.50% $6,071
RBC Bank, (Georgia) National Association 1 3.25% $2,093
RELIANCE FIRST CAPITAL, LLC 1 3.99% $10,712
First Internet Bank of Indiana 1 2.63% $3,625
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.88% $1,257
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.50% $4,077
Wilmington Savings Fund Society, FSB 1 3.13% $2,052
Signature Federal Credit Union 1 2.75% $3,576
Happy State Bank 1 3.50% $3,338
State Department Federal Credit Union 1 3.00% $8,221
STEARNS LENDING, LLC 1 2.50% $4,902
Bell Bank 1 3.63% $3,106
GUARANTEED RATE AFFINITY, LLC 1 2.50% $3,563
Iberiabank 1 2.63% $3,336
The Federal Savings Bank 1 2.88% $5,532
The First National Bank of McGregor 1 7.25% $11,276
The Union Bank Company 1 3.00% $2,041
First Western Trust Bank 1 2.50% $3,091
BAY EQUITY LLC 1 2.99% $2,607
Town Square Mortgage & Investments, Inc. 1 4.50% $3,862
LAND HOME FINANCIAL SERVICES, INC. 1 2.63% $3,304
Wallick & Volk, Inc. 1 3.63% $4,132
LENDSURE MORTGAGE CORP. 1 6.75% $8,390
HighTechLending Inc 1 3.63% $3,445
EMBRACE HOME LOANS, INC. 1 2.88% $4,813
KS StateBank 1 4.00% $2,049
Loan Simple, Inc. 1 4.13% $6,956
Low VA Rates, LLC 1 3.38% $3,172
Magnolia Bank 1 3.25% $3,967
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $3,297
Manufacturers and Traders Trust Company 1 3.38% $7,208
Watermark Capital, Inc. 1 3.38% $3,653
Merchants Bank of Indiana 1 3.38% $4,207
MID AMERICA MORTGAGE, INC. 1 2.88% $3,232
MORIA DEVELOPMENT, INC. 1 3.00% $7,516
AMERICAN FINANCIAL NETWORK, INC. 1 2.63% $8,130
UNION SQUARE 1 2.75% $2,693
CROSSCOUNTRY MORTGAGE, LLC 1 2.88% $4,114

LAS CRUCES, NM's 162 lenders originated 6,601 loans during 2020. The total origination value was $1,280,685,000, with an average loan value of $194,014.

The top LAS CRUCES lender as defined by loan originations is Citizens Bank of Las Cruces, with 491 loans originated. Their average total fees are $2,383, which is $2,920 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee LAS CRUCES lenders (with over 10 loans originated) are First American Bank ($1,945), Citizens Bank of Las Cruces ($2,383), Pioneer Bank ($2,680), BETTER MORTGAGE CORPORATION ($2,893) and KELLER MORTGAGE, LLC ($2,936).

The lowest rate LAS CRUCES lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.87%), UNITED WHOLESALE MORTGAGE, LLC (2.94%), First American Bank (2.98%), PRIMARY RESIDENTIAL MORTGAGE, INC. (3.04%) and Citizens Bank of Las Cruces (3.11%).

LAS CRUCES, NM Lender 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 2019 Loan Value 2020 Loan Value % Change 2020 Market Share
Citizens Bank of Las Cruces $111,985,000 $176,065,000 57.2% 13.7%
Quicken Loans $60,610,000 $143,055,000 136.0% 11.2%
First American Bank $41,605,000 $81,515,000 95.9% 6.4%
New American Funding (dba for Broker Solutions Inc) $38,480,000 $67,155,000 74.5% 5.2%
Freedom Mortgage Corporation $6,710,000 $55,760,000 731.0% 4.4%
Primary Residential Mortgage Inc. $3,535,000 $39,065,000 1,005.1% 3.1%
First New Mexico Bank Las Cruces $25,000,000 $33,655,000 34.6% 2.6%
WELLS FARGO BANK NA $32,990,000 $29,895,000 -9.4% 2.3%
FirstLight Federal Credit Union $19,205,000 $29,005,000 51.0% 2.3%
Mortgage Research Center LLC $14,310,000 $27,585,000 92.8% 2.2%
loanDepot LLC $14,475,000 $27,140,000 87.5% 2.1%
Waterstone Mortgage Corp $9,250,000 $25,475,000 175.4% 2.0%
GATEWAY MORTGAGE GROUP $11,085,000 $22,895,000 106.5% 1.8%
USAA FEDERAL SAVINGS BANK $23,160,000 $20,590,000 -11.1% 1.6%
CORNERSTONE HOME LENDING, INC. $5,930,000 $18,640,000 214.3% 1.5%
Mann Mortgage LLC $4,435,000 $18,315,000 313.0% 1.4%
Guaranteed Rate Inc. $5,365,000 $17,875,000 233.2% 1.4%
White Sands Federal Credit Union $11,240,000 $16,625,000 47.9% 1.3%
US BANK, N.A. $4,075,000 $16,285,000 299.6% 1.3%
MOVEMENT MORTGAGE, LLC $7,535,000 $15,480,000 105.4% 1.2%
COMPASS BANK $9,685,000 $14,915,000 54.0% 1.2%
Nationstar Mortgage $4,550,000 $13,085,000 187.6% 1.0%
Caliber Home Loans Inc $4,540,000 $12,995,000 186.2% 1.0%
United Shore Financial Services LLC $3,810,000 $12,985,000 240.8% 1.0%
NAVY FEDERAL CREDIT UNION $10,220,000 $12,125,000 18.6% 0.9%
Washington Federal $7,295,000 $12,045,000 65.1% 0.9%
LoanPal $5,120,000 $12,035,000 135.1% 0.9%
PIONEER BANK $12,385,000 $11,440,000 -7.6% 0.9%
Amerisave Mortgage Corporation $3,360,000 $11,125,000 231.1% 0.9%
PENNYMAC LOAN SERVICES LLC $4,075,000 $10,500,000 157.7% 0.8%
Clearpath Lending $4,060,000 $10,220,000 151.7% 0.8%
HomeBridge Financial Services, Inc. $6,490,000 $9,410,000 45.0% 0.7%
Bank of America NA $10,075,000 $9,395,000 -6.7% 0.7%
Amcap Mortgage Ltd. $405,000 $8,905,000 2,098.8% 0.7%
Sunflower Bank, N.A. $6,645,000 $8,260,000 24.3% 0.6%
Berkadia Commercial Mortgage $7,765,000 n/a 0.6%
Cardinal Financial Company LP $2,130,000 $7,220,000 239.0% 0.6%
JPMorgan Chase Bank, NA $6,235,000 $7,070,000 13.4% 0.6%
Better Mortgage Corporation $1,105,000 $7,005,000 533.9% 0.5%
Lakeview Loan Servicing, LLC $1,990,000 $7,000,000 251.8% 0.5%
BOKF NA $4,065,000 $6,535,000 60.8% 0.5%
21ST MORTGAGE $2,760,000 $5,920,000 114.5% 0.5%
CMG Mortgage Inc. $6,915,000 $5,720,000 -17.3% 0.4%
The Federal Savings Bank $3,665,000 $5,330,000 45.4% 0.4%
NewDay Financial LLC dba NewDay USA $2,125,000 $5,230,000 146.1% 0.4%
BANK OF THE WEST $4,120,000 $5,220,000 26.7% 0.4%
Keller Mortgage LLC $2,940,000 $4,045,000 37.6% 0.3%
Barrington Bank & Trust $2,250,000 $3,890,000 72.9% 0.3%
Planet Home Lending LLC $3,535,000 $3,835,000 8.5% 0.3%
Synergy One Lending $3,670,000 $3,695,000 0.7% 0.3%
Village Capital & Investment $1,005,000 $3,630,000 261.2% 0.3%
CARRINGTON MORTGAGE SERVICES $3,240,000 $3,365,000 3.9% 0.3%
Commerce Home Mortgage Inc. $4,475,000 $3,350,000 -25.1% 0.3%
FAIRWAY INDEPENDENT MORT CORP $3,715,000 $3,305,000 -11.0% 0.3%
CERTAIN HOME LOANS, LLC $185,000 $3,265,000 1,664.9% 0.3%
NEWREZ LLC $1,260,000 $3,265,000 159.1% 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC $1,795,000 $3,145,000 75.2% 0.2%
Castle & Cooke Mortgage LLC $1,820,000 $3,075,000 69.0% 0.2%
Sun West Mortgage Company Inc. $1,215,000 $3,070,000 152.7% 0.2%
American Financial Network Inc. $1,750,000 $2,900,000 65.7% 0.2%
ANGEL OAK HOME LOANS LLC $2,790,000 n/a 0.2%
Pentagon Federal Credit Union $155,000 $2,390,000 1,441.9% 0.2%
American Financing Corporation $625,000 $2,360,000 277.6% 0.2%
Low VA Rates $565,000 $2,300,000 307.1% 0.2%
Legacy Mortgage LLC $850,000 $2,265,000 166.5% 0.2%
PRIMELENDING $2,400,000 $2,200,000 -8.3% 0.2%
Sun American Mortgage Company $700,000 $2,145,000 206.4% 0.2%
NOVA Financial & Investment Corporation dba: Nova Home Loans $815,000 $2,030,000 149.1% 0.2%
BNC NATIONAL BANK $850,000 $2,025,000 138.2% 0.2%
NBKC Bank $755,000 $1,990,000 163.6% 0.2%
CITY BANK $2,795,000 $1,865,000 -33.3% 0.1%
V.I.P. Mortgage Inc. $105,000 $1,835,000 1,647.6% 0.1%
First Savings Bank $295,000 $1,810,000 513.6% 0.1%
First Guaranty Mortgage Corporation $930,000 $1,715,000 84.4% 0.1%
Sovereign Lending Group, Inc $1,310,000 $1,695,000 29.4% 0.1%
Magnolia Bank Incorporated $460,000 $1,685,000 266.3% 0.1%
CBNA $315,000 $1,670,000 430.2% 0.1%
SecurityNational Mortgage Company $695,000 $1,650,000 137.4% 0.1%
Nusenda Credit Union $570,000 $1,625,000 185.1% 0.1%
Goldwater Bank National Association $1,575,000 n/a 0.1%
First National Bank Texas $910,000 $1,560,000 71.4% 0.1%
TIAA, FSB $985,000 $1,555,000 57.9% 0.1%
Ark-La-Tex Financial Services LLC $1,465,000 n/a 0.1%
Belem Servicing, LLC dba Patriot Home Mortgage $155,000 $1,455,000 838.7% 0.1%
Home Point Financial Corporation $845,000 $1,415,000 67.5% 0.1%
Flagstar Bank $1,635,000 $1,355,000 -17.1% 0.1%
Plaza Home Mortgage Inc. $55,000 $1,355,000 2,363.6% 0.1%
Finance of America Mortgage LLC $1,180,000 $1,250,000 5.9% 0.1%
FirstBank $1,545,000 $1,225,000 -20.7% 0.1%
Union Home Mortgage Company $135,000 $1,180,000 774.1% 0.1%
Mortgage Lenders of America LLC $1,170,000 $1,135,000 -3.0% 0.1%
AimLoan.com $405,000 $1,125,000 177.8% 0.1%
TIB The Independent Bankers Bank $540,000 $1,105,000 104.6% 0.1%
Churchill Mortgage Corporation $800,000 $1,030,000 28.8% 0.1%
Mortgage Solutions of Colorado LLC $235,000 $1,015,000 331.9% 0.1%
Reliance First Capital LLC $115,000 $985,000 756.5% 0.1%
Member First Mortgage LLC $685,000 $915,000 33.6% 0.1%
Rocky Mountain Mortgage Company $390,000 $900,000 130.8% 0.1%
American Pacific Mortgage Corporation $885,000 n/a 0.1%
NBH Bank $235,000 $855,000 263.8% 0.1%
El Paso Area Teachers Federal Credit Union $265,000 $825,000 211.3% 0.1%
James B. Nutter & Company $155,000 $825,000 432.3% 0.1%
Guild Mortgage Company $1,060,000 $810,000 -23.6% 0.1%
Mid America Mortgage Inc. $900,000 $795,000 -11.7% 0.1%
ENTERPRISE BANK & TRUST $125,000 $780,000 524.0% 0.1%
US Mortgage of Florida $750,000 n/a 0.1%
Bank 34 $7,655,000 $745,000 -90.3% 0.1%
Loan Simple Inc $225,000 $730,000 224.4% 0.1%
Cascade Financial Services $595,000 $715,000 20.2% 0.1%
Discover Bank $345,000 $705,000 104.3% 0.1%
Branch Banking And Trust Co $690,000 n/a 0.1%
Premia Mortgage, LLC $655,000 n/a 0.1%
Meridian Bank $650,000 n/a 0.1%
FIRST FINANCIAL CREDIT UNION $640,000 n/a 0.0%
American Financial Resources Inc. $360,000 $630,000 75.0% 0.0%
Homestead Funding Corp. $450,000 $630,000 40.0% 0.0%
Academy Mortgage Corporation $740,000 $615,000 -16.9% 0.0%
Stearns Lending $710,000 $595,000 -16.2% 0.0%
Prime Choice Funding, Inc. $530,000 $590,000 11.3% 0.0%
KS StateBank $590,000 $555,000 -5.9% 0.0%
Reverse Mortgage Funding LLC $85,000 $550,000 547.1% 0.0%
Eustis Mortgage Corporation $635,000 $545,000 -14.2% 0.0%
LendUS LLC dba RPM Mortgage $730,000 $525,000 -28.1% 0.0%
Peoples Mortgage Company $185,000 $520,000 181.1% 0.0%
SPRING EQ, LLC $505,000 n/a 0.0%
FIRST NATIONAL BANK OF MCGREGOR $495,000 n/a 0.0%
Gardner Financial Services dba Legacy Mutual Mortgage $1,050,000 $435,000 -58.6% 0.0%
Homeowners Financial Group $1,370,000 $435,000 -68.2% 0.0%
HAPPY STATE BANK $165,000 $430,000 160.6% 0.0%
Network Capital Funding Corporation $680,000 $430,000 -36.8% 0.0%
Nations Lending Corporation $455,000 $425,000 -6.6% 0.0%
M&T Bank $415,000 n/a 0.0%
PNC BANK NA $420,000 $410,000 -2.4% 0.0%
Triad Financial Services Inc $425,000 $400,000 -5.9% 0.0%
Citizens Equity First Credit Union (CEFCU) $395,000 n/a 0.0%
Northpointe Bank $490,000 $390,000 -20.4% 0.0%
VanDyk Mortgage Corporation $400,000 $390,000 -2.5% 0.0%
Evolve Bank & Trust $270,000 $370,000 37.0% 0.0%
BELL BANK $360,000 n/a 0.0%
PHH MORTGAGE CORPORATION $560,000 $350,000 -37.5% 0.0%
Amerifirst Financial Inc. $345,000 n/a 0.0%
OakStar Bank $345,000 n/a 0.0%
WSFS Bank $345,000 n/a 0.0%
Wyndham Capital Mortgage $705,000 $345,000 -51.1% 0.0%
AAG $750,000 $340,000 -54.7% 0.0%
Intercontinental Capital Group, Inc. $340,000 n/a 0.0%
BMO Harris Bank N.A. $125,000 $335,000 168.0% 0.0%
Weichert Financial Services $335,000 n/a 0.0%
Centennial Lending LLC $330,000 n/a 0.0%
Contour Mortgage Corporation $330,000 n/a 0.0%
Sandia Area Federal Credit Union $330,000 n/a 0.0%
First Internet Bank $295,000 $325,000 10.2% 0.0%
Highlands Residential Mortgage Ltd $325,000 n/a 0.0%
Paramount Bank $315,000 n/a 0.0%
Simmons Bank $780,000 $315,000 -59.6% 0.0%
Embrace Home Loans, Inc. $415,000 $310,000 -25.3% 0.0%
First Western Trust Bank $305,000 n/a 0.0%
Accelerate Mortgage $295,000 n/a 0.0%
One Nevada Credit Union $295,000 n/a 0.0%
RBC Bank (Georgia), N.A. $295,000 n/a 0.0%
Intercap Lending Inc $305,000 $285,000 -6.6% 0.0%
Paramount Residential Mortgage Group Inc. $470,000 $285,000 -39.4% 0.0%
Willamette Valley Bank $285,000 n/a 0.0%
First Community Mortgage Inc. $280,000 n/a 0.0%
Kirtland Federal Credit Union $485,000 $280,000 -42.3% 0.0%
CAPITAL BANK, NA $275,000 n/a 0.0%
Finance of America Reverse LLC $260,000 $275,000 5.8% 0.0%
State Department Federal Credit Union $265,000 n/a 0.0%
Texana Bank, N.A. $265,000 n/a 0.0%
Cherry Creek Mortgage Co. Inc. $135,000 $260,000 92.6% 0.0%
LendingOne LLC $260,000 n/a 0.0%
Presidential Bank FSB $255,000 n/a 0.0%
First Savings Bank $295,000 $250,000 -15.3% 0.0%
ZB, N.A. $240,000 n/a 0.0%
Star One Credit Union $235,000 n/a 0.0%
top flite financial, inc. $235,000 n/a 0.0%
First Home Bank $625,000 $225,000 -64.0% 0.0%
Michigan Mutual, Inc. DBA MiMutual Mortgage $225,000 n/a 0.0%
NFM, Inc. $225,000 n/a 0.0%
North American Savings Bank $225,000 $225,000 0.0% 0.0%
Supreme Lending/ Everett Financial Inc. $2,320,000 $220,000 -90.5% 0.0%
Draper and Kramer Mortgage Corp. $215,000 n/a 0.0%
Guaranteed Rate Affinity LLC $125,000 $215,000 72.0% 0.0%
Merchants Bank of Indiana $215,000 n/a 0.0%
MIDWEST COMMUNITY BANK $215,000 n/a 0.0%
Open Mortgage LLC $215,000 n/a 0.0%
AMARILLO NATIONAL BANK $205,000 n/a 0.0%
American Bank of Oklahoma $205,000 n/a 0.0%
Crescent Mortgage Company $205,000 n/a 0.0%
Impac Mortgage Corp. dba CashCall Mortgage $125,000 $205,000 64.0% 0.0%
United Mortgage Corp $205,000 n/a 0.0%
Bank of England $315,000 $195,000 -38.1% 0.0%
FBC Mortgage LLC $195,000 n/a 0.0%
MIT Federal Credit Union $195,000 n/a 0.0%
TCF National Bank $190,000 n/a 0.0%
Armed Forces Bank $185,000 n/a 0.0%
Digital Federal Credit Union $175,000 n/a 0.0%
First Financial Bank $380,000 $175,000 -53.9% 0.0%
IBERIABANK $175,000 n/a 0.0%
FortuneBank $165,000 n/a 0.0%
Mountain America Credit Union $60,000 $165,000 175.0% 0.0%
Signature Federal Credit Union $165,000 n/a 0.0%
Southwest Funding LP $165,000 $165,000 0.0% 0.0%
Bay Equity LLC $400,000 $155,000 -61.3% 0.0%
Citywide Home Loans A Utah Corporation $155,000 n/a 0.0%
Credit Human Federal Credit Union $155,000 n/a 0.0%
LendSure Mortgage Corp $155,000 n/a 0.0%
ARVEST BANK $265,000 $145,000 -45.3% 0.0%
Great Western Financial Services Inc. $145,000 n/a 0.0%
Union Square Credit Union $145,000 n/a 0.0%
WEI Mortgage LLC $145,000 n/a 0.0%
Del Norte Credit Union $35,000 $135,000 285.7% 0.0%
RANLife, Inc. $55,000 $135,000 145.5% 0.0%
Royal United Mortgage LLC $285,000 $135,000 -52.6% 0.0%
Land Home Financial Services Inc. $125,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $350,000 $125,000 -64.3% 0.0%
Watermark Home Loans $645,000 $125,000 -80.6% 0.0%
HomeTrust Mortgage Company $155,000 $115,000 -25.8% 0.0%
Neighborhood Loans $115,000 n/a 0.0%
Oceanside Mortgage Company $250,000 $115,000 -54.0% 0.0%
OCMBC Inc. $370,000 $115,000 -68.9% 0.0%
Starboard Financial Management, LLC $155,000 $115,000 -25.8% 0.0%
Citibank, N.A. $560,000 $110,000 -80.4% 0.0%
The Union Bank Company $675,000 $105,000 -84.4% 0.0%
HighTechLending Inc. $75,000 n/a 0.0%
evolve Federal Credit Union $475,000 $65,000 -86.3% 0.0%
Tower Federal Credit Union $55,000 n/a 0.0%
United States Senate Federal Credit Union $55,000 n/a 0.0%
The Farmers and Mechanics Bank $195,000 $35,000 -82.1% 0.0%

LAS CRUCES's top lender by overall market share is Citizens Bank of Las Cruces, with 13.7% market share. In second place, with 11.2%, is Quicken Loans, having originated $143,055,000 in loans. In third place, with 6.4%, is First American Bank, having originated $81,515,000 in loans. In third place, with 5.2%, is New American Funding (dba for Broker Solutions Inc), having originated $67,155,000 in loans. In third place, with 4.4%, is Freedom Mortgage Corporation, having originated $55,760,000 in loans.


LAS CRUCES, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,101 $592,905,000 $191,198
Refi 2,640 $537,260,000 $203,508
Cash Out Refi 728 $138,070,000 $189,657
Other 74 $7,290,000 $98,514
Home Improvement 58 $5,160,000 $88,966

Las Cruces's most frequently cited loan purpose was Home Purchase, with 3,101 originations. The 2nd most popular reason was Refi, with 2,640 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 2,642 $523,030,000 $197,967
2.5-3% 2,252 $481,060,000 $213,615
<2.5% 765 $155,825,000 $203,693
4-5% 330 $59,190,000 $179,364
5-6% 293 $15,415,000 $52,611
7-8% 54 $4,280,000 $79,259
6-7% 51 $3,865,000 $75,784
Over 8% 46 $3,840,000 $83,478

During 2020, Las Cruces's most frequently originated rate bucket was 3-4%, with 2,642 originations.

Loan Sizing (LAS CRUCES, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,136 $476,810,000 $152,044
$200k-400k 2,323 $612,425,000 $263,635
$100,000 or less 873 $46,815,000 $53,625
$400k-600k 236 $108,270,000 $458,771
$600k-1000k 25 $18,055,000 $722,200
$Over $1MM 8 $18,310,000 $2,288,750

LAS CRUCES's loan sizing saw the bucket of loans from $100k-200k with 3,136 originations, totaling $476,810,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 3,012 $631,050,000 $209,512
60-80% 1,871 $381,595,000 $203,952
40-60% 541 $94,875,000 $175,370
Under 20% 306 $4,320,000 $14,118
20-40% 170 $19,830,000 $116,647
Over 100% 121 $32,725,000 $270,455

LAS CRUCES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,012 originations, totaling $631,050,000 in origination value.