Las Vegas Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Las Vegas averaged
6.95%
for the week of 2024-11-14, compared to the national average of
6.78% for the same period.
The average rate for the prior week (2024-11-07) was
6.86% and
one month ago for the week of 2024-10-10, the
average rate was 6.59%.
Las Vegas's average rate one year ago was 7.57%.
For refis of the same type during the week of 2024-11-14, the average rate
was 6.98%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-14 | 6.78% |
Las Vegas 30 Year Fixed Rate | 2024-11-14 | 6.95% |
Las Vegas 30 Year Fixed Rate Refi | 2024-11-14 | 6.98% |
Las Vegas 15 Year Fixed Rate | 2024-11-14 | 5.89% |
Las Vegas 15 Year Fixed Rate Refi | 2024-11-14 | 6.39% |
Las Vegas 30 Year FHA | 2024-11-14 | 0.2% |
Las Vegas 30 Year FHA Refi | 2024-11-14 | -0.1% |
Las Vegas 30 Year USDA | 2024-11-14 | -0.2% |
Las Vegas 30 Year USDA Refi | 2024-11-14 | -0.1% |
Las Vegas 30 Year VA | 2024-11-14 | -0.2% |
Las Vegas 30 Year VA Refi | 2024-11-14 | 0.2% |
Las Vegas 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 Vegas, 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 Vegas Average Closing Costs & Other Stats
Las Vegas, NM's 30 lenders originated 282
loans during 2023. The total origination value was $53,670,000, with an average loan value of
$190,319.
Las Vegas's average closing costs are $5,851.
The top Las Vegas lender as defined by loan originations is QUICKEN LOANS, LLC, with
16 loans originated. Their average total fees are
$6,097, which is $1,653
lower than the next largest lender,
Waterstone Mortgage Corporation.
The lowest fee Las Vegas lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($6,097), .
The lowest rate Las Vegas lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.96%), .
Las Vegas, 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 |
---|---|---|---|---|
QUICKEN LOANS, LLC | $4,875,000 | $5,125,000 | 5.1% | 9.5% |
Prudential Huntoon Paige Associates, LLC | $4,685,000 | n/a | 8.7% | |
21ST MORTGAGE CORPORATION | $4,870,000 | $4,145,000 | -14.9% | 7.7% |
Waterstone Mortgage Corporation | $1,875,000 | $2,990,000 | 59.5% | 5.6% |
Mortgage Research Center, LLC | $1,275,000 | $2,760,000 | 116.5% | 5.1% |
STATE EMPLOYEES | $4,215,000 | $2,265,000 | -46.3% | 4.2% |
DIRECTORS MORTGAGE, INC. | $1,885,000 | n/a | 3.5% | |
Gateway First Bank | $1,625,000 | $1,885,000 | 16.0% | 3.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $2,340,000 | $1,800,000 | -23.1% | 3.4% |
CROSSCOUNTRY MORTGAGE, LLC | $2,420,000 | $1,635,000 | -32.4% | 3.0% |
UNITED WHOLESALE MORTGAGE, LLC | $2,670,000 | $1,505,000 | -43.6% | 2.8% |
BOKF | $1,330,000 | n/a | 2.5% | |
GUADALUPE CREDIT UNION | $870,000 | $1,295,000 | 48.9% | 2.4% |
UNION HOME MORTGAGE CORP. | $340,000 | $1,190,000 | 250.0% | 2.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $195,000 | $1,095,000 | 461.5% | 2.0% |
GUILD MORTGAGE COMPANY | $1,375,000 | $1,070,000 | -22.2% | 2.0% |
LOANDEPOT.COM, LLC | $1,600,000 | $995,000 | -37.8% | 1.9% |
Nations Lending Corporation | $240,000 | $965,000 | 302.1% | 1.8% |
CARDINAL FINANCIAL | $580,000 | $870,000 | 50.0% | 1.6% |
BROKER SOLUTIONS, INC. | $830,000 | $735,000 | -11.4% | 1.4% |
CREDIT HUMAN FEDERAL CREDIT UNION | $195,000 | $725,000 | 271.8% | 1.4% |
USAA Federal Savings Bank | $645,000 | $695,000 | 7.8% | 1.3% |
Commerce Home Mortgage, Inc. | $685,000 | $685,000 | 0.0% | 1.3% |
Northpointe Bank | $640,000 | n/a | 1.2% | |
NUSENDA | $915,000 | $605,000 | -33.9% | 1.1% |
Sunflower Bank | $95,000 | $525,000 | 452.6% | 1.0% |
Del Norte Credit Union | $670,000 | $510,000 | -23.9% | 1.0% |
NAVY FEDERAL CREDIT UNION | $740,000 | $470,000 | -36.5% | 0.9% |
Access Community Credit Union | $465,000 | n/a | 0.9% | |
The First National Bank of Sonora | $435,000 | n/a | 0.8% | |
Wells Fargo Bank | $1,305,000 | $425,000 | -67.4% | 0.8% |
Bell Bank | $1,460,000 | $385,000 | -73.6% | 0.7% |
CALIBER HOME LOANS, INC. | $265,000 | $385,000 | 45.3% | 0.7% |
JPMorgan Chase Bank | $615,000 | $385,000 | -37.4% | 0.7% |
AMERICAN FINANCIAL RESOURCES, INC. | $510,000 | $345,000 | -32.4% | 0.6% |
CMG MORTGAGE, INC. | $155,000 | $325,000 | 109.7% | 0.6% |
U.S. EAGLE | $195,000 | $300,000 | 53.8% | 0.6% |
Century Mortgage Company DBA Century Lending Company | $295,000 | n/a | 0.5% | |
Amarillo National Bank | $265,000 | n/a | 0.5% | |
COUNTRYPLACE MORTGAGE, LTD. | $245,000 | n/a | 0.5% | |
SOUTHWEST STAGE FUNDING, LLC | $1,020,000 | $240,000 | -76.5% | 0.4% |
ZILLOW HOME LOANS, LLC | $240,000 | n/a | 0.4% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $235,000 | n/a | 0.4% | |
Farm Credit Mid-America, ACA | $205,000 | n/a | 0.4% | |
USAlliance Federal Credit Union | $195,000 | n/a | 0.4% | |
Prosperity Home Mortgage, LLC | $185,000 | n/a | 0.3% | |
LIMA ONE CAPITAL, LLC | $175,000 | n/a | 0.3% | |
PHH Mortgage Corporation | $145,000 | $175,000 | 20.7% | 0.3% |
AMCAP MORTGAGE, LTD. | $165,000 | n/a | 0.3% | |
Amalgamated Bank | $155,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $75,000 | $150,000 | 100.0% | 0.3% |
Kirtland Federal Credit Union | $150,000 | n/a | 0.3% | |
FREEDOM MORTGAGE CORPORATION | $615,000 | $145,000 | -76.4% | 0.3% |
LOANPAL, LLC | $625,000 | $145,000 | -76.8% | 0.3% |
PENNYMAC LOAN SERVICES, LLC | $535,000 | $145,000 | -72.9% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $370,000 | $140,000 | -62.2% | 0.3% |
TRIAD FINANCIAL SERVICES, INC. | $145,000 | $135,000 | -6.9% | 0.3% |
GRANITE FEDERAL CREDIT UNION | $125,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $195,000 | $125,000 | -35.9% | 0.2% |
Wallick & Volk, Inc. | $120,000 | n/a | 0.2% | |
PNC Bank | $15,000 | $105,000 | 600.0% | 0.2% |
SANDIA LABORATORY | $135,000 | $85,000 | -37.0% | 0.2% |
Enterprise Bank & Trust | $640,000 | $75,000 | -88.3% | 0.1% |
Bank of America | $585,000 | $55,000 | -90.6% | 0.1% |
Flagstar Bank, FSB | $175,000 | $25,000 | -85.7% | 0.0% |
Las Vegas's top lender by overall market share is QUICKEN LOANS, LLC, with 9.5% market share. In second place, with 8.7%, is Prudential Huntoon Paige Associates, LLC, having originated $4,685,000 in loans. In third place, with 7.7%, is 21ST MORTGAGE CORPORATION, having originated $4,145,000 in loans. In fourth place, with 5.6%, is Waterstone Mortgage Corporation, having originated $2,990,000 in loans. In fifth place, with 5.1%, is Mortgage Research Center, LLC, having originated $2,760,000 in loans.
Las Vegas Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Las Vegas (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $215,750 (7.9%) | $377,172 (-2.9%) | 0.00 | 188 |
2018-02-01 | $218,000 (9.0%) | $371,245 (-3.8%) | 0.00 | 179 |
2018-03-01 | $225,000 (9.8%) | $362,291 (-8.2%) | 0.00 | 178 |
2018-04-01 | $221,375 (10.7%) | $368,056 (-3.6%) | 0.00 | 188 |
2018-05-01 | $218,375 (9.2%) | $347,719 (-10.7%) | 0.00 | 203 |
2018-06-01 | $220,000 (4.9%) | $348,602 (-10.3%) | 0.00 | 222 |
2018-07-01 | $224,875 (12.7%) | $358,708 (-4.4%) | 0.00 | 225 |
2018-08-01 | $223,000 (12.1%) | $333,573 (-10.4%) | 0.00 | 235 |
2018-09-01 | $239,500 (20.4%) | $341,520 (-9.8%) | 0.00 | 220 |
2018-10-01 | $234,975 (18.7%) | $339,294 (-8.1%) | 0.00 | 220 |
2018-11-01 | $230,000 (15.4%) | $345,494 (-9.7%) | 0.00 | 208 |
2018-12-01 | $237,000 (19.0%) | $336,895 (-10.3%) | 0.00 | 197 |
2019-01-01 | $240,000 (11.2%) | $346,495 (-8.1%) | 0.00 | 180 |
2019-02-01 | $236,000 (8.3%) | $344,222 (-7.3%) | 0.00 | 178 |
2019-03-01 | $227,286 (1.0%) | $335,473 (-7.4%) | 0.00 | 182 |
2019-04-01 | $218,000 (-1.5%) | $328,275 (-10.8%) | 0.00 | 190 |
2019-05-01 | $227,000 (4.0%) | $327,616 (-5.8%) | 0.00 | 194 |
2019-06-01 | $227,000 (3.2%) | $324,534 (-6.9%) | 0.00 | 197 |
2019-07-01 | $225,000 (0.1%) | $324,006 (-9.7%) | 0.00 | 200 |
2019-08-01 | $230,455 (3.3%) | $332,690 (-0.3%) | 0.00 | 193 |
2019-09-01 | $238,636 (-0.4%) | $342,702 (0.4%) | 0.00 | 184 |
2019-10-01 | $244,091 (3.9%) | $349,377 (3.0%) | 0.00 | 178 |
2019-11-01 | $247,000 (7.4%) | $349,314 (1.1%) | 0.00 | 167 |
2019-12-01 | $240,000 (1.3%) | $347,281 (3.1%) | 0.00 | 162 |
2020-01-01 | $231,000 (-3.8%) | $343,291 (-0.9%) | 0.00 | 149 |
2020-02-01 | $245,000 (3.8%) | $361,477 (5.0%) | 0.00 | 142 |
2020-03-01 | $247,000 (8.7%) | $349,157 (4.1%) | 0.00 | 134 |
2020-04-01 | $242,925 (11.4%) | $333,828 (1.7%) | 0.00 | 130 |
2020-05-01 | $245,000 (7.9%) | $333,441 (1.8%) | 0.00 | 128 |
2020-06-01 | $249,750 (10.0%) | $358,132 (10.4%) | 0.00 | 123 |
2020-07-01 | $249,475 (10.9%) | $368,073 (13.6%) | 0.00 | 120 |
2020-08-01 | $279,000 (21.1%) | $390,641 (17.4%) | 0.00 | 124 |
2020-09-01 | $278,125 (16.6%) | $389,166 (13.6%) | 0.00 | 133 |
2020-10-01 | $271,950 (11.4%) | $388,230 (11.1%) | 0.00 | 133 |
2020-11-01 | $276,125 (11.8%) | $468,618 (34.2%) | 0.00 | 120 |
2020-12-01 | $272,250 (13.4%) | $485,460 (39.8%) | 0.00 | 107 |
2021-01-01 | $279,500 (21.0%) | $507,224 (47.8%) | 0.00 | 94 |
2021-02-01 | $276,100 (12.7%) | $501,469 (38.7%) | 0.00 | 81 |
2021-03-01 | $277,250 (12.3%) | $514,608 (47.4%) | 0.00 | 76 |
2021-04-01 | $299,875 (23.4%) | $523,525 (56.8%) | 0.00 | 73 |
2021-05-01 | $287,250 (17.2%) | $518,048 (55.4%) | 0.00 | 75 |
2021-06-01 | $293,250 (17.4%) | $528,697 (47.6%) | 0.00 | 78 |
2021-07-01 | $289,000 (15.8%) | $518,767 (40.9%) | 0.00 | 77 |
2021-08-01 | $312,500 (12.0%) | $494,198 (26.5%) | 0.00 | 72 |
2021-09-01 | $346,250 (24.5%) | $461,716 (18.6%) | 0.00 | 63 |
2021-10-01 | $325,000 (19.5%) | $450,350 (16.0%) | 0.00 | 56 |
2021-11-01 | $259,000 (-6.2%) | $400,399 (-14.6%) | 0.00 | 51 |
2021-12-01 | $248,750 (-8.6%) | $387,966 (-20.1%) | 0.00 | 46 |
2022-01-01 | $230,000 (-17.7%) | $348,160 (-31.4%) | 0.00 | 38 |
2022-02-01 | $230,000 (-16.7%) | $349,369 (-30.3%) | 0.00 | 43 |
2022-03-01 | $212,750 (-23.3%) | $349,589 (-32.1%) | 0.00 | 42 |
2022-04-01 | $220,000 (-26.6%) | $361,512 (-31.0%) | 0.00 | 39 |
2022-05-01 | $249,225 (-13.2%) | $455,762 (-12.0%) | 0.00 | 41 |
2022-06-01 | $254,000 (-13.4%) | $441,204 (-16.6%) | 0.00 | 48 |
2022-07-01 | $249,900 (-13.5%) | $441,984 (-14.8%) | 0.00 | 53 |
2022-08-01 | $273,500 (-12.5%) | $459,578 (-7.0%) | 0.00 | 55 |
2022-09-01 | $284,000 (-18.0%) | $474,725 (2.8%) | 0.00 | 60 |
2022-10-01 | $299,999 (-7.7%) | $484,170 (7.5%) | 0.00 | 65 |
2022-11-01 | $289,500 (11.8%) | $482,793 (20.6%) | 0.00 | 69 |
2022-12-01 | $265,000 (6.5%) | $466,964 (20.4%) | 0.00 | 72 |
2023-01-01 | $255,400 (11.0%) | $452,845 (30.1%) | 0.00 | 73 |
2023-02-01 | $265,000 (15.2%) | $453,876 (29.9%) | 0.00 | 69 |
2023-03-01 | $265,000 (24.6%) | $409,839 (17.2%) | 0.00 | 69 |
2023-04-01 | $270,000 (22.7%) | $404,709 (12.0%) | 0.00 | 65 |
2023-05-01 | $238,250 (-4.4%) | $376,170 (-17.5%) | 0.00 | 67 |
2023-06-01 | $292,000 (15.0%) | $434,571 (-1.5%) | 0.00 | 69 |
2023-07-01 | $285,000 (14.1%) | $435,404 (-1.5%) | 0.00 | 79 |
2023-08-01 | $280,000 (2.4%) | $537,277 (16.9%) | 0.00 | 76 |
2023-09-01 | $285,000 (0.4%) | $573,895 (20.9%) | 0.00 | 74 |
2023-10-01 | $314,500 (4.8%) | $693,516 (43.2%) | 0.00 | 73 |
2023-11-01 | $345,000 (19.2%) | $707,889 (46.6%) | 0.00 | 68 |
2023-12-01 | $427,500 (61.3%) | $773,369 (65.6%) | 0.00 | 64 |
2024-01-01 | $375,000 (46.8%) | $720,322 (59.1%) | 0.00 | 64 |
2024-02-01 | $362,250 (36.7%) | $718,932 (58.4%) | 0.00 | 56 |
2024-03-01 | $360,000 (35.9%) | $773,116 (88.6%) | 0.00 | 52 |
2024-04-01 | $314,750 (16.6%) | $621,555 (53.6%) | 0.00 | 56 |
2024-05-01 | $373,725 (56.9%) | $640,665 (70.3%) | 0.00 | 57 |
2024-06-01 | $320,000 (9.6%) | $582,777 (34.1%) | 0.00 | 62 |
2024-07-01 | $323,750 (13.6%) | $592,596 (36.1%) | 0.00 | 63 |
2024-08-01 | $329,950 (17.8%) | $578,761 (7.7%) | 0.00 | 62 |
2024-09-01 | $309,975 (8.8%) | $592,930 (3.3%) | 0.00 | 62 |
2024-10-01 | $368,500 (17.2%) | $617,568 (-11.0%) | 0.00 | 55 |
Las Vegas's median listing price comes in at 0% of the national average.
Las Vegas's average listing price for 2024-10-01 was $617,568, a difference of $-75,948 (-11.0%) versus the prior year and $24,638 versus the prior month.
For the 2024-10-01 period, Las Vegas had 55 MLS listings, a difference of -7 listings (-11%) versus the prior month and -18 listings (-25%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Las Vegas (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,805 sqft |
2018-02-01 | 0 days | 1,800 sqft |
2018-03-01 | 0 days | 1,784 sqft |
2018-04-01 | 0 days | 1,830 sqft |
2018-05-01 | 0 days | 1,838 sqft |
2018-06-01 | 0 days | 1,829 sqft |
2018-07-01 | 0 days | 1,843 sqft |
2018-08-01 | 0 days | 1,831 sqft |
2018-09-01 | 0 days | 1,847 sqft |
2018-10-01 | 0 days | 1,810 sqft |
2018-11-01 | 0 days | 1,840 sqft |
2018-12-01 | 0 days | 1,839 sqft |
2019-01-01 | 0 days | 1,840 sqft |
2019-02-01 | 0 days | 1,818 sqft |
2019-03-01 | 0 days | 1,811 sqft |
2019-04-01 | 0 days | 1,789 sqft |
2019-05-01 | 0 days | 1,769 sqft |
2019-06-01 | 0 days | 1,775 sqft |
2019-07-01 | 0 days | 1,783 sqft |
2019-08-01 | 0 days | 1,790 sqft |
2019-09-01 | 0 days | 1,789 sqft |
2019-10-01 | 0 days | 1,789 sqft |
2019-11-01 | 0 days | 1,751 sqft |
2019-12-01 | 0 days | 1,762 sqft |
2020-01-01 | 0 days | 1,709 sqft |
2020-02-01 | 0 days | 1,700 sqft |
2020-03-01 | 0 days | 1,712 sqft |
2020-04-01 | 0 days | 1,693 sqft |
2020-05-01 | 0 days | 1,708 sqft |
2020-06-01 | 0 days | 1,814 sqft |
2020-07-01 | 0 days | 1,905 sqft |
2020-08-01 | 0 days | 2,000 sqft |
2020-09-01 | 0 days | 1,835 sqft |
2020-10-01 | 0 days | 1,810 sqft |
2020-11-01 | 0 days | 1,850 sqft |
2020-12-01 | 0 days | 1,940 sqft |
2021-01-01 | 0 days | 1,922 sqft |
2021-02-01 | 0 days | 1,769 sqft |
2021-03-01 | 0 days | 1,916 sqft |
2021-04-01 | 0 days | 2,012 sqft |
2021-05-01 | 0 days | 1,998 sqft |
2021-06-01 | 0 days | 2,035 sqft |
2021-07-01 | 0 days | 2,000 sqft |
2021-08-01 | 0 days | 2,015 sqft |
2021-09-01 | 0 days | 2,001 sqft |
2021-10-01 | 0 days | 2,001 sqft |
2021-11-01 | 0 days | 1,778 sqft |
2021-12-01 | 0 days | 1,778 sqft |
2022-01-01 | 0 days | 1,914 sqft |
2022-02-01 | 0 days | 1,757 sqft |
2022-03-01 | 0 days | 1,652 sqft |
2022-04-01 | 0 days | 1,568 sqft |
2022-05-01 | 0 days | 1,647 sqft |
2022-06-01 | 0 days | 1,685 sqft |
2022-07-01 | 0 days | 1,603 sqft |
2022-08-01 | 0 days | 1,511 sqft |
2022-09-01 | 0 days | 1,532 sqft |
2022-10-01 | 0 days | 1,603 sqft |
2022-11-01 | 0 days | 1,657 sqft |
2022-12-01 | 0 days | 1,620 sqft |
2023-01-01 | 0 days | 1,603 sqft |
2023-02-01 | 0 days | 1,657 sqft |
2023-03-01 | 0 days | 1,694 sqft |
2023-04-01 | 0 days | 1,600 sqft |
2023-05-01 | 0 days | 1,552 sqft |
2023-06-01 | 0 days | 1,577 sqft |
2023-07-01 | 0 days | 1,600 sqft |
2023-08-01 | 0 days | 1,605 sqft |
2023-09-01 | 0 days | 1,695 sqft |
2023-10-01 | 0 days | 1,819 sqft |
2023-11-01 | 0 days | 1,851 sqft |
2023-12-01 | 0 days | 2,079 sqft |
2024-01-01 | 0 days | 2,081 sqft |
2024-02-01 | 0 days | 1,995 sqft |
2024-03-01 | 0 days | 1,800 sqft |
2024-04-01 | 0 days | 1,716 sqft |
2024-05-01 | 0 days | 1,879 sqft |
2024-06-01 | 0 days | 1,800 sqft |
2024-07-01 | 0 days | 1,797 sqft |
2024-08-01 | 0 days | 1,900 sqft |
2024-09-01 | 0 days | 1,806 sqft |
2024-10-01 | 0 days | 2,033 sqft |
Las Vegas's median square footage for active listings during the 2024-10-01 period was 2,033 sqft. One year prior, the average listing was 1,819 sqft.
Las Vegas, NM Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 186 | $37,450,000 | $201,344 |
Cash Out Refi | 47 | $10,815,000 | $230,106 |
Refi | 32 | $4,130,000 | $129,063 |
Other | 13 | $1,025,000 | $78,846 |
Home Improvement | 4 | $250,000 | $62,500 |
Las Vegas's most frequently cited loan purpose was Home Purchase, with 186 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 91 | $18,735,000 | $205,879 |
7-8% | 71 | $15,925,000 | $224,296 |
Over 8% | 67 | $8,285,000 | $123,657 |
5-6% | 45 | $8,805,000 | $195,667 |
4-5% | 3 | $695,000 | $231,667 |
<2.5% | 1 | $5,000 | $5,000 |
During 2023, Las Vegas's most frequently originated rate bucket was 6-7%, with 91 originations.
Loan Sizing (Las Vegas, NM MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 112 | $16,430,000 | $146,696 |
$100,000 or less | 79 | $4,395,000 | $55,633 |
$200k-400k | 75 | $20,775,000 | $277,000 |
$400k-600k | 14 | $6,480,000 | $462,857 |
$600k-1000k | 1 | $905,000 | $905,000 |
$Over $1MM | 1 | $4,685,000 | $4,685,000 |
Las Vegas's loan sizing saw the bucket of loans from $100k-200k with 112 originations, totaling $16,430,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 118 | $24,180,000 | $204,915 |
60-80% | 63 | $13,635,000 | $216,429 |
20-40% | 29 | $2,735,000 | $94,310 |
40-60% | 28 | $8,340,000 | $297,857 |
Under 20% | 18 | $520,000 | $28,889 |
Over 100% | 9 | $2,115,000 | $235,000 |
Las Vegas's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 118 originations, totaling $24,180,000 in origination value.