Las Vegas Mortgage Rates & Closing Costs

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  • Trends
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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Las Vegas averaged 6.7% for the week of 2025-03-06, compared to the national average of 6.63% for the same period.

    The average rate for the prior week (2025-02-27) was 6.83% and one month ago for the week of 2025-01-30, the average rate was 7.02%.

    Las Vegas's average rate one year ago was 7.21%.

    For refis of the same type during the week of 2025-03-06, the average rate was 7.23%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-03-06 6.63%
    Las Vegas 30 Year Fixed Rate 2025-03-06 6.7%
    Las Vegas 30 Year Fixed Rate Refi 2025-03-06 7.23%
    Las Vegas 15 Year Fixed Rate 2025-03-06 5.59%
    Las Vegas 15 Year Fixed Rate Refi 2025-03-06 5.69%
    Las Vegas 30 Year FHA 2025-03-06 6.12%
    Las Vegas 30 Year FHA Refi 2025-03-06 6.12%
    Las Vegas 30 Year USDA 2025-03-06 6.48%
    Las Vegas 30 Year USDA Refi 2025-03-06 6.28%
    Las Vegas 30 Year VA 2025-03-06 6.31%
    Las Vegas 30 Year VA Refi 2025-03-06 6.01%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Las Vegas, NM.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 16 6.96% $6,097
    Waterstone Mortgage Corporation 9 7.02% $7,751
    21ST MORTGAGE CORPORATION 6 7.68% $6,656
    DIRECTORS MORTGAGE, INC. 5 6.77% $8,238
    Gateway First Bank 4 7.31% $6,362
    BOKF 3 7.13% $8,397
    NUSENDA 3 6.79% $2,974
    GUADALUPE CREDIT UNION 3 10.36% $4,926
    CROSSCOUNTRY MORTGAGE, LLC 3 6.48% $5,999
    UNION HOME MORTGAGE CORP. 3 6.63% $6,039
    ZILLOW HOME LOANS, LLC 2 7.31% $4,052
    LOANDEPOT.COM, LLC 2 6.81% $10,389
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.63% $8,135
    UNITED WHOLESALE MORTGAGE, LLC 2 7.06% $6,057
    USAA Federal Savings Bank 2 6.88% $3,717
    Wells Fargo Bank 2 6.25% $6,390
    Kirtland Federal Credit Union 1 5.13% $3,377
    Amalgamated Bank 1 5.50% $2,469
    Nations Lending Corporation 1 7.88% $6,496
    Northpointe Bank 1 6.75% $4,811
    CALIBER HOME LOANS, INC. 1 6.99% $3,532
    Access Community Credit Union 1 6.25% $3,245
    Bell Bank 1 8.38% $11,188
    Sunflower Bank 1 7.25% $3,956
    Amarillo National Bank 1 8.00% $2,964
    FREEDOM MORTGAGE CORPORATION 1 6.38% $5,694
    Farm Credit Mid-America, ACA 1 6.50% $5,068
    Century Mortgage Company DBA Century Lending Company 1 6.50% $7,087
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.99% $4,838
    JPMorgan Chase Bank 1 6.88% $10,993

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $217,000 (8.5%) $378,411 (-2.9%) 0.00 187
    2018-02-01 $220,000 (10.0%) $372,518 (-3.5%) 0.00 178
    2018-03-01 $225,000 (9.8%) $363,553 (-7.9%) 0.00 177
    2018-04-01 $222,500 (11.3%) $369,263 (-3.3%) 0.00 187
    2018-05-01 $219,875 (9.9%) $348,741 (-10.6%) 0.00 202
    2018-06-01 $220,500 (4.0%) $349,550 (-10.3%) 0.00 221
    2018-07-01 $225,000 (12.8%) $359,671 (-4.4%) 0.00 224
    2018-08-01 $224,000 (12.5%) $333,980 (-10.6%) 0.00 234
    2018-09-01 $239,500 (20.4%) $341,520 (-10.1%) 0.00 220
    2018-10-01 $234,975 (18.1%) $339,294 (-8.4%) 0.00 220
    2018-11-01 $230,000 (15.4%) $345,494 (-9.9%) 0.00 208
    2018-12-01 $237,000 (18.8%) $336,895 (-10.5%) 0.00 197
    2019-01-01 $240,000 (10.6%) $346,495 (-8.4%) 0.00 180
    2019-02-01 $236,000 (7.3%) $344,222 (-7.6%) 0.00 178
    2019-03-01 $228,143 (1.4%) $335,853 (-7.6%) 0.00 181
    2019-04-01 $219,250 (-1.5%) $329,105 (-10.9%) 0.00 189
    2019-05-01 $227,000 (3.2%) $328,051 (-5.9%) 0.00 194
    2019-06-01 $229,000 (3.9%) $325,014 (-7.0%) 0.00 196
    2019-07-01 $225,000 (0.0%) $324,847 (-9.7%) 0.00 199
    2019-08-01 $231,000 (3.1%) $333,605 (-0.1%) 0.00 192
    2019-09-01 $240,000 (0.2%) $343,706 (0.6%) 0.00 183
    2019-10-01 $246,000 (4.7%) $350,441 (3.3%) 0.00 177
    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%) 0.00 148
    2020-02-01 $247,000 (4.7%) $362,901 (5.4%) 0.00 141
    2020-03-01 $249,000 (9.1%) $350,612 (4.4%) 0.00 133
    2020-04-01 $244,175 (11.4%) $335,194 (1.9%) 0.00 129
    2020-05-01 $245,000 (7.9%) $334,753 (2.0%) 0.00 127
    2020-06-01 $250,000 (9.2%) $359,751 (10.7%) 0.00 122
    2020-07-01 $249,750 (11.0%) $369,918 (13.9%) 0.00 119
    2020-08-01 $279,000 (20.8%) $392,743 (17.7%) 0.00 123
    2020-09-01 $278,125 (15.9%) $389,166 (13.2%) 0.00 133
    2020-10-01 $271,950 (10.6%) $388,230 (10.8%) 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 (11.8%) $501,469 (38.2%) 0.00 81
    2021-03-01 $277,250 (11.4%) $514,608 (46.8%) 0.00 76
    2021-04-01 $299,875 (22.8%) $523,525 (56.2%) 0.00 73
    2021-05-01 $287,250 (17.2%) $518,048 (54.8%) 0.00 75
    2021-06-01 $293,250 (17.3%) $528,697 (47.0%) 0.00 78
    2021-07-01 $289,000 (15.7%) $518,767 (40.2%) 0.00 77
    2021-08-01 $312,500 (12.0%) $494,198 (25.8%) 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 $240,875 (-12.8%) $396,466 (-15.4%) 0.00 52
    2021-12-01 $239,750 (-11.9%) $384,140 (-20.9%) 0.00 47
    2022-01-01 $230,000 (-17.7%) $346,856 (-31.6%) 0.00 39
    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%) $475,881 (3.1%) 0.00 60
    2022-10-01 $307,500 (-5.4%) $486,303 (8.0%) 0.00 66
    2022-11-01 $290,750 (20.7%) $483,707 (22.0%) 0.00 70
    2022-12-01 $265,000 (10.5%) $466,964 (21.6%) 0.00 72
    2023-01-01 $256,050 (11.3%) $453,843 (30.8%) 0.00 74
    2023-02-01 $265,000 (15.2%) $456,002 (30.5%) 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 $288,500 (13.6%) $431,619 (-2.2%) 0.00 70
    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 (20.6%) 0.00 74
    2023-10-01 $314,500 (2.3%) $693,516 (42.6%) 0.00 73
    2023-11-01 $345,000 (18.7%) $707,889 (46.4%) 0.00 68
    2023-12-01 $427,500 (61.3%) $773,369 (65.6%) 0.00 64
    2024-01-01 $375,000 (46.5%) $720,322 (58.7%) 0.00 64
    2024-02-01 $362,250 (36.7%) $718,932 (57.7%) 0.00 56
    2024-03-01 $360,000 (35.9%) $769,749 (87.8%) 0.00 52
    2024-04-01 $307,500 (13.9%) $615,724 (52.1%) 0.00 57
    2024-05-01 $351,175 (47.4%) $629,010 (67.2%) 0.00 58
    2024-06-01 $320,000 (10.9%) $574,193 (33.0%) 0.00 63
    2024-07-01 $320,000 (12.3%) $588,154 (35.1%) 0.00 64
    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
    2024-11-01 $385,000 (11.6%) $648,066 (-8.5%) 0.00 52
    2024-12-01 $367,500 (-14.0%) $698,973 (-9.6%) 0.00 48
    2025-01-01 $357,500 (-4.7%) $688,996 (-4.4%) 0.00 46
    2025-02-01 $391,225 (8.0%) $696,635 (-3.1%) 0.00 48
    Las Vegas's median listing price for 2025-02-01 was $391,225, a difference of $28,975 (8.0%) versus the prior year and $33,725 versus the prior month.

    Las Vegas's median listing price comes in at 0% of the national average.

    Las Vegas's average listing price for 2025-02-01 was $696,635, a difference of $-22,297 (-3.1%) versus the prior year and $7,639 versus the prior month.

    For the 2025-02-01 period, Las Vegas had 48 MLS listings, a difference of 2 listings (4%) versus the prior month and -8 listings (-14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Las Vegas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,811 sqft
    2018-02-01 0 days 1,803 sqft
    2018-03-01 0 days 1,792 sqft
    2018-04-01 0 days 1,838 sqft
    2018-05-01 0 days 1,843 sqft
    2018-06-01 0 days 1,834 sqft
    2018-07-01 0 days 1,845 sqft
    2018-08-01 0 days 1,830 sqft
    2018-09-01 0 days 1,839 sqft
    2018-10-01 0 days 1,803 sqft
    2018-11-01 0 days 1,837 sqft
    2018-12-01 0 days 1,831 sqft
    2019-01-01 0 days 1,834 sqft
    2019-02-01 0 days 1,812 sqft
    2019-03-01 0 days 1,811 sqft
    2019-04-01 0 days 1,791 sqft
    2019-05-01 0 days 1,771 sqft
    2019-06-01 0 days 1,775 sqft
    2019-07-01 0 days 1,787 sqft
    2019-08-01 0 days 1,797 sqft
    2019-09-01 0 days 1,799 sqft
    2019-10-01 0 days 1,800 sqft
    2019-11-01 0 days 1,752 sqft
    2019-12-01 0 days 1,762 sqft
    2020-01-01 0 days 1,709 sqft
    2020-02-01 0 days 1,708 sqft
    2020-03-01 0 days 1,717 sqft
    2020-04-01 0 days 1,696 sqft
    2020-05-01 0 days 1,716 sqft
    2020-06-01 0 days 1,834 sqft
    2020-07-01 0 days 1,920 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 1,998 sqft
    2021-08-01 0 days 2,000 sqft
    2021-09-01 0 days 1,999 sqft
    2021-10-01 0 days 1,998 sqft
    2021-11-01 0 days 1,752 sqft
    2021-12-01 0 days 1,752 sqft
    2022-01-01 0 days 1,757 sqft
    2022-02-01 0 days 1,596 sqft
    2022-03-01 0 days 1,578 sqft
    2022-04-01 0 days 1,500 sqft
    2022-05-01 0 days 1,591 sqft
    2022-06-01 0 days 1,655 sqft
    2022-07-01 0 days 1,548 sqft
    2022-08-01 0 days 1,491 sqft
    2022-09-01 0 days 1,521 sqft
    2022-10-01 0 days 1,603 sqft
    2022-11-01 0 days 1,675 sqft
    2022-12-01 0 days 1,620 sqft
    2023-01-01 0 days 1,608 sqft
    2023-02-01 0 days 1,675 sqft
    2023-03-01 0 days 1,695 sqft
    2023-04-01 0 days 1,600 sqft
    2023-05-01 0 days 1,552 sqft
    2023-06-01 0 days 1,605 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 1,737 sqft
    2024-05-01 0 days 1,859 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,800 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
    2024-11-01 0 days 2,080 sqft
    2024-12-01 0 days 2,080 sqft
    2025-01-01 0 days 1,988 sqft
    2025-02-01 0 days 2,073 sqft
    Las Vegas's median listing age (time on market) for 2025-02-01 was 0 days.

    Las Vegas's median square footage for active listings during the 2025-02-01 period was 2,073 sqft. One year prior, the average listing was 1,995 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.