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 6.74% for the week of 2025-06-18, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2025-06-12) was 6.97% and one month ago for the week of 2025-05-15, the average rate was 6.94%.

Las Cruces's average rate one year ago was 6.78%.

For refis of the same type during the week of 2025-06-18, the average rate was 7.03%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Las Cruces 30 Year Fixed Rate 2025-06-18 6.74%
Las Cruces 30 Year Fixed Rate Refi 2025-06-18 7.03%
Las Cruces 15 Year Fixed Rate 2025-06-18 5.76%
Las Cruces 15 Year Fixed Rate Refi 2025-06-18 6.36%
Las Cruces 30 Year FHA 2025-06-18 -0.23%
Las Cruces 30 Year FHA Refi 2025-06-18 -0.1%
Las Cruces 30 Year USDA 2025-06-18 0%
Las Cruces 30 Year USDA Refi 2025-06-18 0.2%
Las Cruces 30 Year VA 2025-06-18 -0.25%
Las Cruces 30 Year VA Refi 2025-06-18 -0.46%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Citizens Bank of Las Cruces 163 6.81% $3,767
QUICKEN LOANS, LLC 114 6.77% $7,419
UNITED WHOLESALE MORTGAGE, LLC 60 6.52% $8,084
JPMorgan Chase Bank 58 6.37% $6,033
CROSSCOUNTRY MORTGAGE, LLC 57 6.70% $8,539
Waterstone Mortgage Corporation 36 6.22% $5,273
GUILD MORTGAGE COMPANY 36 6.74% $6,865
PRIMELENDING, A PLAINSCAPITAL COMPANY 32 6.62% $5,719
Wells Fargo Bank 24 6.61% $5,394
BROKER SOLUTIONS, INC. 23 6.96% $7,497
SUN AMERICAN MORTGAGE COMPANY 23 6.75% $3,581
Commerce Home Mortgage, Inc. 23 7.11% $7,592
FirstLight Federal Credit Union 22 6.45% $3,530
MICHIGAN MUTUAL, INC. 19 6.87% $5,976
First American Bank 19 6.67% $4,339
U.S. Bank 18 6.63% $5,079
NAVY FEDERAL CREDIT UNION 17 6.43% $5,487
Gateway First Bank 17 6.95% $3,992
LOANDEPOT.COM, LLC 15 6.43% $6,867
Plains Commerce Bank 12 6.51% $5,704
CMG MORTGAGE, INC. 11 6.40% $8,158
GECU 11 7.35% $3,209
NUSENDA 11 6.07% $4,167
Bank of America 9 6.51% $3,443
LOANPEOPLE, LLC 9 6.66% $10,256
Rocky Mountain Mortgage Company 9 6.63% $1,812
PACIFIC RESIDENTIAL MORTGAGE, LLC 8 6.57% $3,358
Washington Federal Bank 8 6.86% $7,889
21ST MORTGAGE CORPORATION 7 8.58% $4,975
NEWREZ LLC 7 6.53% $7,758
BOKF 6 7.14% $6,705
USAA Federal Savings Bank 6 6.69% $7,709
ZILLOW HOME LOANS, LLC 6 6.94% $5,623
NOVA FINANCIAL & INVESTMENT CORPORATION 6 6.58% $4,055
UNION HOME MORTGAGE CORP. 6 7.08% $5,657
Mr. Cooper ( Nationstar Mortgage ) 6 6.48% $9,603
HOMESIDE FINANCIAL, LLC 5 6.80% $4,195
NexBank 5 6.63% $5,708
BETTER MORTGAGE CORPORATION 4 6.13% $4,788
Flagstar Bank, FSB 4 6.70% $5,838
GENEVA FINANCIAL, LLC 4 7.34% $8,329
PENNYMAC LOAN SERVICES, LLC 4 7.00% $10,094
MID AMERICA MORTGAGE, INC. 4 6.91% $7,451
NBKC BANK 4 6.84% $3,431
Century Mortgage Company DBA Century Lending Company 4 7.38% $5,071
CADENCE LENDING GROUP, INC. 3 6.63% $10,176
DIRECTIONS EQUITY, LLC 3 5.83% $2,860
The Loan Store, Inc. 3 6.70% $4,805
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.62% $5,163
City Bank 3 6.96% $6,553
SECURITYNATIONAL MORTGAGE COMPANY 3 7.13% $8,167
First Financial Credit Union 3 6.75% $4,787
SANDIA LABORATORY 3 6.46% $3,422
V.I.P. MORTGAGE, INC. 3 6.74% $7,159
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.21% $11,623
Discover Bank 3 7.30% $0
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.67% $8,160
HOMEXPRESS MORTGAGE CORP. 3 7.83% $18,829
BMO Harris Bank 3 6.79% $4,689
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 7.06% $5,037
AmeriHome Mortgage Company, LLC 2 6.88% $10,004
AMERISAVE MORTGAGE CORPORATION 2 6.50% $8,696
CARDINAL FINANCIAL 2 6.88% $16,493
Citizens Bank 2 7.19% $7,144
EL PASO AREA TEACHERS 2 5.94% $7,109
Farm Credit Mid-America, ACA 2 7.31% $7,330
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 7.75% $4,627
LENDSURE MORTGAGE CORP. 2 7.19% $8,833
LOANPAL, LLC 2 6.25% $14,061
LRS FINANCIAL NETWORK, INC. 2 6.44% $5,438
Pioneer Bank 2 7.94% $2,763
PNC Bank 2 6.50% $3,931
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.50% $9,416
Prosperity Home Mortgage, LLC 2 6.50% $4,751
S1L, Inc. 2 5.69% $7,431
VAN DYK MORTGAGE CORPORATION 2 6.88% $5,069
LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $3,659
LAKEVIEW LOAN SERVICING, LLC 1 6.99% $6,135
Kirtland Federal Credit Union 1 6.00% $8,296
OCMBC, INC. 1 5.13% $10,709
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.88% $7,910
GUARANTEED RATE AFFINITY, LLC 1 6.58% $835
Carrington Mortgage Services, LLC 1 7.00% $12,756
FREEDOM MORTGAGE CORPORATION 1 6.88% $4,189
PLAZA HOME MORTGAGE, INC. 1 7.13% $3,988
Bank of Colorado 1 6.63% $4,841
Bank-Fund Staff Federal Credit Union 1 6.13% $2,915
Florida Capital Bank 1 6.63% $8,454
American Mortgage & Equity Consultants, Inc. 1 6.00% $12,275
First United Bank and Trust Company 1 6.63% $5,726
RELIANCE FIRST CAPITAL, LLC 1 9.25% $9,965
RESIDENTIAL BANCORP 1 6.63% $10,190
First Option Mortgage, LLC 1 7.00% $4,808
ROYAL UNITED MORTGAGE LLC 1 7.63% $5,532
AMERICAN FINANCIAL RESOURCES, INC. 1 6.13% $4,620
First National Bank Texas 1 7.38% $6,642
First-Citizens Bank & Trust Company 1 6.88% $4,031
Servion, Inc. 1 6.63% $6,196
Sierra Pacific Mortgage Company, Inc. 1 7.50% $5,007
Stifel Bank and Trust 1 6.13% $1,859
Fifth Third Bank 1 7.25% $2,475
Sunflower Bank 1 6.99% $7,796
Texana Bank 1 7.00% $3,586
The Central Trust Bank 1 7.50% $6,888
EVERETT FINANCIAL, INC. 1 6.63% $14,498
THE MORTGAGE LINK, INC. 1 7.63% $12,388
THRIVENT Federal Credit Union 1 7.13% $4,139
TRIAD FINANCIAL SERVICES, INC. 1 8.80% $8,607
Truist 1 7.13% $3,728
UBS Bank USA 1 7.00% $4,402
DIRECT MORTGAGE, CORP. 1 7.00% $3,938
CORNERSTONE HOME LENDING, INC. 1 7.49% $5,896
Citadel Servicing Corporation 1 8.63% $3,564
CHURCHILL MORTGAGE CORPORATION 1 6.63% $5,279
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $6,717
Zions Bank 1 7.13% $7,678
MOVEMENT MORTGAGE, LLC 1 6.63% $7,960
Nations Lending Corporation 1 6.63% $9,871
Mortgage Research Center, LLC 1 7.63% $139
NBH Bank 1 7.00% $10,348
MORIA DEVELOPMENT, INC. 1 6.13% $6,136
Leader Bank 1 6.50% $4,544

LAS CRUCES Average Closing Costs & Other Stats

LAS CRUCES, NM's 122 lenders originated 3,840 loans during 2024. The total origination value was $885,450,000, with an average loan value of $230,586.

LAS CRUCES's average closing costs are $5,850.

The top LAS CRUCES lender as defined by loan originations is Citizens Bank of Las Cruces, with 163 loans originated. Their average total fees are $3,767, which is $3,652 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee LAS CRUCES lenders (with over 10 loans originated) are GECU ($3,209), FirstLight Federal Credit Union ($3,530), SUN AMERICAN MORTGAGE COMPANY ($3,581), Citizens Bank of Las Cruces ($3,767) and Gateway First Bank ($3,992).

The lowest rate LAS CRUCES lenders (with over 10 loans originated) are NUSENDA (6.07%), Waterstone Mortgage Corporation (6.22%), JPMorgan Chase Bank (6.37%), CMG MORTGAGE, INC. (6.40%) and LOANDEPOT.COM, LLC (6.43%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Citizens Bank of Las Cruces $81,745,000 $80,005,000 -2.1% 9.0%
UNITED WHOLESALE MORTGAGE, LLC $50,640,000 $69,815,000 37.9% 7.9%
QUICKEN LOANS, LLC $55,455,000 $62,180,000 12.1% 7.0%
CROSSCOUNTRY MORTGAGE, LLC $40,730,000 $52,485,000 28.9% 5.9%
GUILD MORTGAGE COMPANY $15,205,000 $29,120,000 91.5% 3.3%
Mortgage Research Center, LLC $18,940,000 $26,490,000 39.9% 3.0%
Waterstone Mortgage Corporation $25,895,000 $26,190,000 1.1% 3.0%
Rocky Mountain Mortgage Company $17,205,000 $25,665,000 49.2% 2.9%
Cedar Rapids Bank and Trust Company $23,680,000 n/a 2.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $26,570,000 $20,930,000 -21.2% 2.4%
Commerce Home Mortgage, Inc. $7,585,000 $18,310,000 141.4% 2.1%
JPMorgan Chase Bank $5,315,000 $17,915,000 237.1% 2.0%
NAVY FEDERAL CREDIT UNION $14,175,000 $16,370,000 15.5% 1.8%
FREEDOM MORTGAGE CORPORATION $4,570,000 $15,095,000 230.3% 1.7%
ORIX REAL ESTATE CAPITAL, LLC $10,415,000 $14,905,000 43.1% 1.7%
BROKER SOLUTIONS, INC. $5,700,000 $13,510,000 137.0% 1.5%
PENNYMAC LOAN SERVICES, LLC $5,800,000 $13,400,000 131.0% 1.5%
FirstLight Federal Credit Union $7,885,000 $11,955,000 51.6% 1.4%
First American Bank $12,710,000 $10,820,000 -14.9% 1.2%
SUN AMERICAN MORTGAGE COMPANY $7,265,000 $10,580,000 45.6% 1.2%
Gateway First Bank $9,505,000 $9,895,000 4.1% 1.1%
Plains Commerce Bank $4,455,000 $9,845,000 121.0% 1.1%
21ST MORTGAGE CORPORATION $10,315,000 $9,560,000 -7.3% 1.1%
LOANDEPOT.COM, LLC $7,380,000 $9,525,000 29.1% 1.1%
U.S. Bank $8,620,000 $9,065,000 5.2% 1.0%
First New Mexico Bank, Las Cruces $12,960,000 $8,280,000 -36.1% 0.9%
NUSENDA $9,740,000 $7,995,000 -17.9% 0.9%
CMG MORTGAGE, INC. $4,910,000 $7,430,000 51.3% 0.8%
Wells Fargo Bank $10,990,000 $7,400,000 -32.7% 0.8%
MID AMERICA MORTGAGE, INC. $3,705,000 $6,995,000 88.8% 0.8%
USAA Federal Savings Bank $6,260,000 $6,820,000 8.9% 0.8%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $4,135,000 $6,770,000 63.7% 0.8%
Bank of America $5,310,000 $6,200,000 16.8% 0.7%
PACIFIC RESIDENTIAL MORTGAGE, LLC $6,090,000 n/a 0.7%
White Sands Federal Credit Union $7,080,000 $5,695,000 -19.6% 0.6%
GECU $6,880,000 $5,620,000 -18.3% 0.6%
MICHIGAN MUTUAL, INC. $1,370,000 $5,585,000 307.7% 0.6%
NEWREZ LLC $3,970,000 $5,305,000 33.6% 0.6%
AMERICAN PACIFIC MORTGAGE CORPORATION $4,170,000 $5,025,000 20.5% 0.6%
LOANPEOPLE, LLC $265,000 $4,795,000 1,709.4% 0.5%
Washington Federal Bank $2,260,000 $4,590,000 103.1% 0.5%
NOVA FINANCIAL & INVESTMENT CORPORATION $325,000 $4,585,000 1,310.8% 0.5%
CARDINAL FINANCIAL $7,155,000 $4,490,000 -37.2% 0.5%
VILLAGE CAPITAL MORTGAGE $1,280,000 $4,075,000 218.4% 0.5%
The Central Trust Bank $305,000 $3,950,000 1,195.1% 0.4%
Century Mortgage Company DBA Century Lending Company $1,830,000 $3,870,000 111.5% 0.4%
The Federal Savings Bank $3,825,000 $3,710,000 -3.0% 0.4%
NEW DAY FINANCIAL, LLC $1,800,000 $3,490,000 93.9% 0.4%
HOMEXPRESS MORTGAGE CORP. $1,110,000 $3,370,000 203.6% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $4,580,000 $3,365,000 -26.5% 0.4%
MOVEMENT MORTGAGE, LLC $2,945,000 $3,315,000 12.6% 0.4%
BMO Harris Bank $2,450,000 $3,300,000 34.7% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $3,845,000 $3,290,000 -14.4% 0.4%
BOKF $3,320,000 $3,245,000 -2.3% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $2,110,000 $3,180,000 50.7% 0.4%
CADENCE LENDING GROUP, INC. $2,095,000 $3,055,000 45.8% 0.3%
AMERISAVE MORTGAGE CORPORATION $4,835,000 $2,860,000 -40.8% 0.3%
LOANPAL, LLC $2,290,000 $2,830,000 23.6% 0.3%
SANDIA LABORATORY $1,115,000 $2,825,000 153.4% 0.3%
The Loan Store, Inc. $2,825,000 n/a 0.3%
Flagstar Bank, FSB $5,065,000 $2,605,000 -48.6% 0.3%
NEXERA HOLDING LLC $2,360,000 n/a 0.3%
UNION HOME MORTGAGE CORP. $4,910,000 $2,350,000 -52.1% 0.3%
LAKEVIEW LOAN SERVICING, LLC $750,000 $2,335,000 211.3% 0.3%
NBKC BANK $660,000 $2,285,000 246.2% 0.3%
PLANET HOME LENDING, LLC $665,000 $2,095,000 215.0% 0.2%
EL PASO AREA TEACHERS $855,000 $2,025,000 136.8% 0.2%
DIRECTIONS EQUITY, LLC $1,890,000 $1,980,000 4.8% 0.2%
LENDINGONE, LLC $605,000 $1,965,000 224.8% 0.2%
ZILLOW HOME LOANS, LLC $1,010,000 $1,915,000 89.6% 0.2%
Carrington Mortgage Services, LLC $2,300,000 $1,910,000 -17.0% 0.2%
Discover Bank $2,740,000 $1,885,000 -31.2% 0.2%
GENEVA FINANCIAL, LLC $630,000 $1,855,000 194.4% 0.2%
Armed Forces Bank $1,315,000 $1,795,000 36.5% 0.2%
PNC Bank $4,025,000 $1,735,000 -56.9% 0.2%
V.I.P. MORTGAGE, INC. $1,440,000 $1,715,000 19.1% 0.2%
First National Bank Texas $730,000 $1,600,000 119.2% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,405,000 $1,595,000 -53.2% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $7,925,000 $1,580,000 -80.1% 0.2%
S1L, Inc. $115,000 $1,505,000 1,208.7% 0.2%
Farm Credit Mid-America, ACA $1,490,000 n/a 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,435,000 n/a 0.2%
SECURITYNATIONAL MORTGAGE COMPANY $1,525,000 $1,365,000 -10.5% 0.2%
BETTER MORTGAGE CORPORATION $1,410,000 $1,300,000 -7.8% 0.1%
AmeriHome Mortgage Company, LLC $1,295,000 n/a 0.1%
Bank of the Southwest $490,000 $1,225,000 150.0% 0.1%
CORNERSTONE HOME LENDING, INC. $3,015,000 $1,160,000 -61.5% 0.1%
Nations Lending Corporation $1,850,000 $1,130,000 -38.9% 0.1%
Citizens Bank $590,000 $1,115,000 89.0% 0.1%
Sunflower Bank $2,455,000 $1,040,000 -57.6% 0.1%
City Bank $435,000 $1,015,000 133.3% 0.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $1,785,000 $1,010,000 -43.4% 0.1%
SANDIA AREA $1,000,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $1,180,000 $985,000 -16.5% 0.1%
Prosperity Home Mortgage, LLC $75,000 $935,000 1,146.7% 0.1%
NexBank $2,020,000 $925,000 -54.2% 0.1%
LRS FINANCIAL NETWORK, INC. $910,000 n/a 0.1%
POLARIS HOME FUNDING CORP. $275,000 $880,000 220.0% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $870,000 n/a 0.1%
LENDSURE MORTGAGE CORP. $2,370,000 $860,000 -63.7% 0.1%
VERITAS FUNDING, LLC $225,000 $855,000 280.0% 0.1%
CLEARPATH LENDING $895,000 $850,000 -5.0% 0.1%
GUARANTEED RATE AFFINITY, LLC $810,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $1,125,000 $765,000 -32.0% 0.1%
GUARANTEED RATE, INC. $4,390,000 $755,000 -82.8% 0.1%
First Financial Credit Union $55,000 $750,000 1,263.6% 0.1%
Figure Lending LLC $1,250,000 $740,000 -40.8% 0.1%
VAN DYK MORTGAGE CORPORATION $85,000 $740,000 770.6% 0.1%
SOUTHWEST STAGE FUNDING, LLC $565,000 $725,000 28.3% 0.1%
AMERICAN HERITAGE LENDING, INC. $320,000 $720,000 125.0% 0.1%
Sierra Pacific Mortgage Company, Inc. $1,600,000 $715,000 -55.3% 0.1%
Barrington Bank & Trust Company, N.A. $1,050,000 $690,000 -34.3% 0.1%
Pioneer Bank $1,905,000 $655,000 -65.6% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $460,000 $640,000 39.1% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $135,000 $635,000 370.4% 0.1%
HOMEOWNERS FINANCIAL GROUP USA, LLC $630,000 n/a 0.1%
Northpointe Bank $965,000 $595,000 -38.3% 0.1%
TRIAD FINANCIAL SERVICES, INC. $55,000 $595,000 981.8% 0.1%
Paramount Residential Mortgage Group, Inc. $770,000 $570,000 -26.0% 0.1%
Citadel Servicing Corporation $550,000 n/a 0.1%
Loan Simple, Inc. $530,000 $550,000 3.8% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,530,000 $545,000 -64.4% 0.1%
Coastal Community Bank $765,000 $520,000 -32.0% 0.1%
Kirtland Federal Credit Union $615,000 $520,000 -15.4% 0.1%
Bank of Colorado $515,000 n/a 0.1%
Princeton Mortgage Corporation $365,000 $510,000 39.7% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $530,000 $490,000 -7.5% 0.1%
Magnolia Bank $720,000 $485,000 -32.6% 0.1%
MORTGAGEONE, INC. $1,245,000 $480,000 -61.4% 0.1%
PHH Mortgage Corporation $625,000 $450,000 -28.0% 0.1%
Greenville National Bank $435,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $205,000 $425,000 107.3% 0.0%
Hometown Equity Mortgage, LLC $420,000 n/a 0.0%
Zions Bank $420,000 n/a 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $135,000 $410,000 203.7% 0.0%
Bethpage Federal Credit Union $250,000 $405,000 62.0% 0.0%
STATE EMPLOYEES $150,000 $400,000 166.7% 0.0%
Leader Bank $385,000 n/a 0.0%
NBH Bank $375,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $2,160,000 $375,000 -82.6% 0.0%
American Mortgage & Equity Consultants, Inc. $365,000 n/a 0.0%
Franklin Loan Corporation $365,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $760,000 $365,000 -52.0% 0.0%
UBS Bank USA $225,000 $365,000 62.2% 0.0%
First Federal Bank $295,000 $360,000 22.0% 0.0%
OCMBC, INC. $1,545,000 $360,000 -76.7% 0.0%
Bell Bank $380,000 $355,000 -6.6% 0.0%
TJC Mortgage, Inc. $355,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $340,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $185,000 $330,000 78.4% 0.0%
DIRECT MORTGAGE, CORP. $325,000 n/a 0.0%
EVERETT FINANCIAL, INC. $275,000 $315,000 14.5% 0.0%
Truist $145,000 $315,000 117.2% 0.0%
DIGITAL Federal Credit Union $305,000 n/a 0.0%
ENVOY MORTGAGE, LTD $295,000 n/a 0.0%
First United Bank and Trust Company $295,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $485,000 $275,000 -43.3% 0.0%
ROYAL UNITED MORTGAGE LLC $135,000 $275,000 103.7% 0.0%
First State Bank $265,000 n/a 0.0%
Florida Capital Bank $265,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $75,000 $260,000 246.7% 0.0%
Axos Bank $115,000 $255,000 121.7% 0.0%
Bank-Fund Staff Federal Credit Union $255,000 n/a 0.0%
HOMETRUST MORTGAGE COMPANY $255,000 n/a 0.0%
Stifel Bank and Trust $255,000 n/a 0.0%
Western State Bank $255,000 n/a 0.0%
INTERCAP LENDING INC. $235,000 $245,000 4.3% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $175,000 $245,000 40.0% 0.0%
Servion, Inc. $295,000 $245,000 -16.9% 0.0%
Cornerstone First Mortgage, Inc $235,000 n/a 0.0%
THE MORTGAGE LINK, INC. $295,000 $235,000 -20.3% 0.0%
AMERICA FIRST $230,000 n/a 0.0%
Fifth Third Bank $230,000 n/a 0.0%
AMERICAN FINANCIAL NETWORK, INC. $225,000 n/a 0.0%
Equity Prime Mortgage LLC $855,000 $225,000 -73.7% 0.0%
RESIDENTIAL BANCORP $305,000 $225,000 -26.2% 0.0%
SPRING EQ, LLC $680,000 $225,000 -66.9% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $220,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $1,070,000 $215,000 -79.9% 0.0%
Comerica Bank $215,000 n/a 0.0%
COREVEST AMERICAN FINANCE LENDER LLC $215,000 n/a 0.0%
FUNDLOANS CAPITAL $215,000 n/a 0.0%
Herring Bank $215,000 n/a 0.0%
TOWER $215,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $935,000 $205,000 -78.1% 0.0%
THRIVENT Federal Credit Union $205,000 n/a 0.0%
A&D Mortgage LLC $185,000 n/a 0.0%
Bank of England $185,000 n/a 0.0%
First Savings Bank $75,000 $185,000 146.7% 0.0%
LONGBRIDGE FINANCIAL, LLC $95,000 $185,000 94.7% 0.0%
First Option Mortgage, LLC $845,000 $175,000 -79.3% 0.0%
Cache Valley Bank $165,000 n/a 0.0%
Del Norte Credit Union $90,000 $165,000 83.3% 0.0%
M&T Bank $165,000 n/a 0.0%
WILLOW BEND MORTGAGE COMPANY, LLC $3,135,000 $165,000 -94.7% 0.0%
Willamette Valley Bank $155,000 n/a 0.0%
MOUNTAIN AMERICA $565,000 $150,000 -73.5% 0.0%
Northwest Federal Credit Union $150,000 n/a 0.0%
AMERITRUST MORTGAGE CORPORATION $145,000 n/a 0.0%
Texana Bank $135,000 n/a 0.0%
First-Citizens Bank & Trust Company $125,000 n/a 0.0%
DIRECTORS MORTGAGE, INC. $275,000 $115,000 -58.2% 0.0%
CHEVRON $25,000 n/a 0.0%
RIO GRANDE $295,000 $25,000 -91.5% 0.0%

LAS CRUCES's top lender by overall market share is Citizens Bank of Las Cruces, with 9.0% market share. In second place, with 7.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $69,815,000 in loans. In third place, with 7.0%, is QUICKEN LOANS, LLC, having originated $62,180,000 in loans. In fourth place, with 5.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $52,485,000 in loans. In fifth place, with 3.3%, is GUILD MORTGAGE COMPANY, having originated $29,120,000 in loans.

LAS CRUCES, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,572 $642,830,000 $249,934
Cash Out Refi 573 $110,535,000 $192,906
Refi 300 $97,490,000 $324,967
Other 239 $22,095,000 $92,448
Home Improvement 153 $11,885,000 $77,680
NA 3 $615,000 $205,000

Las Cruces's most frequently cited loan purpose was Home Purchase, with 2,572 originations. The 2nd most popular reason was Cash Out Refi, with 573 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,510 $414,090,000 $274,232
Over 8% 702 $61,910,000 $88,191
5-6% 684 $192,020,000 $280,731
7-8% 598 $135,350,000 $226,338
<2.5% 140 $2,050,000 $14,643
4-5% 105 $33,905,000 $322,905
3-4% 14 $3,490,000 $249,286
2.5-3% 3 $825,000 $275,000

During 2024, Las Cruces's most frequently originated rate bucket was 6-7%, with 1,510 originations.

Loan Sizing (LAS CRUCES, NM MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,797 $509,465,000 $283,509
$100,000 or less 942 $38,360,000 $40,722
$100k-200k 754 $115,350,000 $152,984
$400k-600k 280 $131,350,000 $469,107
$600k-1000k 58 $41,550,000 $716,379
$Over $1MM 9 $49,375,000 $5,486,111

LAS CRUCES's loan sizing saw the bucket of loans from $200k-400k with 1,797 originations, totaling $509,465,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,695 $491,905,000 $290,209
60-80% 656 $172,090,000 $262,332
Under 20% 646 $19,020,000 $29,443
20-40% 308 $32,860,000 $106,688
40-60% 285 $57,845,000 $202,965
Over 100% 95 $48,305,000 $508,474

LAS CRUCES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,695 originations, totaling $491,905,000 in origination value.