Las Vegas Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Las Vegas averaged 6.75% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.73% and one month ago for the week of 2023-02-16, the average rate was 6.75%.

    Las Vegas's average rate one year ago was 4.52%.

    For refis of the same type during the week of 2023-03-23, the average rate was 7.14%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Las Vegas 30 Year Fixed Rate 2023-03-23 6.75%
    Las Vegas 30 Year Fixed Rate Refi 2023-03-23 7.14%
    Las Vegas 15 Year Fixed Rate 2023-03-23 6.01%
    Las Vegas 15 Year Fixed Rate Refi 2023-03-23 6.18%
    Las Vegas 30 Year FHA 2023-03-23 6.52%
    Las Vegas 30 Year FHA Refi 2023-03-23 5.99%
    Las Vegas 30 Year USDA 2023-03-23 6.2%
    Las Vegas 30 Year USDA Refi 2023-03-23 3.04%
    Las Vegas 30 Year VA 2023-03-23 6.48%
    Las Vegas 30 Year VA Refi 2023-03-23 5.96%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 11 4.52% $6,713
    UNITED WHOLESALE MORTGAGE, LLC 10 5.27% $5,009
    CROSSCOUNTRY MORTGAGE, LLC 6 4.80% $4,649
    Waterstone Mortgage Corporation 6 5.39% $4,381
    LOANDEPOT.COM, LLC 4 5.00% $4,301
    GUADALUPE CREDIT UNION 4 5.76% $4,979
    FINANCE OF AMERICA MORTGAGE LLC 4 5.16% $6,129
    Gateway First Bank 4 5.09% $2,284
    21ST MORTGAGE CORPORATION 3 6.92% $7,175
    AMERISAVE MORTGAGE CORPORATION 3 4.29% $7,926
    Wells Fargo Bank 3 4.54% $4,786
    USAA Federal Savings Bank 2 5.75% $8,467
    U.S. Bank 2 3.88% $9,949
    DELMAR FINANCIAL COMPANY 2 7.50% $6,418
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.74% $7,820
    NUSENDA 2 3.50% $3,969
    Bell Bank 2 4.81% $4,696
    LAND HOME FINANCIAL SERVICES, INC. 1 4.75% $6,463
    Mortgage Research Center, LLC 1 5.63% $2,839
    NAVY FEDERAL CREDIT UNION 1 5.50% $2,302
    NBH Bank 1 3.75% $4,481
    NEWREZ LLC 1 3.25% $4,815
    Plains Commerce Bank 1 5.38% $3,215
    PURDUE FEDERAL CREDIT UNION 1 4.00% $5,057
    SANDIA AREA 1 5.63% $4,140
    SANDIA LABORATORY 1 5.38% $2,722
    STATE EMPLOYEES 1 4.00% $2,967
    TRIAD FINANCIAL SERVICES, INC. 1 6.00% $3,347
    UNION HOME MORTGAGE CORP. 1 7.13% $4,413
    VAN DYK MORTGAGE CORPORATION 1 6.38% $3,013
    Zions Bancorporation, N.A. 1 5.63% $2,908
    AMERICAN FINANCING CORPORATION 1 3.25% $7,846
    Bank of America 1 2.50% $8,355
    Bank of England 1 3.88% $2,855
    BAY EQUITY LLC 1 3.99% $3,001
    BROKER SOLUTIONS, INC. 1 3.75% $5,119
    CALCON MUTUAL MORTGAGE LLC 1 5.00% $3,203
    CALIBER HOME LOANS, INC. 1 6.50% $8,657
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 6.50% $12,811
    Carrington Mortgage Services, LLC 1 2.88% $5,096
    Del Norte Credit Union 1 3.88% $3,836
    Enterprise Bank & Trust 1 3.75% $3,132
    Farmers & Stockmens Bank 1 6.25% $3,539
    First Bank & Trust 1 5.38% $4,506
    Flagstar Bank, FSB 1 4.99% $9,685
    GUARANTEED RATE, INC. 1 3.25% $11,629
    JPMorgan Chase Bank 1 6.25% $500

    Las Vegas Average Closing Costs & Other Stats

    Las Vegas, NM's 47 lenders originated 350 loans during 2022. The total origination value was $62,080,000, with an average loan value of $177,371.

    Las Vegas's average closing costs are $5,510.

    The top Las Vegas lender as defined by loan originations is QUICKEN LOANS, LLC, with 11 loans originated. Their average total fees are $6,713, which is $1,704 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Las Vegas lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($5,009), QUICKEN LOANS, LLC ($6,713), .

    The lowest rate Las Vegas lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.52%), UNITED WHOLESALE MORTGAGE, LLC (5.27%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    QUICKEN LOANS, LLC $11,175,000 $4,875,000 -56.4% 7.9%
    21ST MORTGAGE CORPORATION $1,870,000 $4,870,000 160.4% 7.8%
    STATE EMPLOYEES $5,000,000 $4,215,000 -15.7% 6.8%
    UNITED WHOLESALE MORTGAGE, LLC $2,035,000 $2,670,000 31.2% 4.3%
    CROSSCOUNTRY MORTGAGE, LLC $1,990,000 $2,420,000 21.6% 3.9%
    FINANCE OF AMERICA MORTGAGE LLC $2,485,000 $2,420,000 -2.6% 3.9%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,810,000 $2,340,000 29.3% 3.8%
    Waterstone Mortgage Corporation $4,625,000 $1,875,000 -59.5% 3.0%
    Gateway First Bank $1,610,000 $1,625,000 0.9% 2.6%
    LOANDEPOT.COM, LLC $2,755,000 $1,600,000 -41.9% 2.6%
    Bell Bank $400,000 $1,460,000 265.0% 2.4%
    GUILD MORTGAGE COMPANY $1,750,000 $1,375,000 -21.4% 2.2%
    GUARANTEED RATE, INC. $880,000 $1,345,000 52.8% 2.2%
    Wells Fargo Bank $3,645,000 $1,305,000 -64.2% 2.1%
    Mortgage Research Center, LLC $1,285,000 $1,275,000 -0.8% 2.1%
    SOUTHWEST STAGE FUNDING, LLC $1,935,000 $1,020,000 -47.3% 1.6%
    NUSENDA $1,000,000 $915,000 -8.5% 1.5%
    U.S. Bank $755,000 $900,000 19.2% 1.4%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $145,000 $880,000 506.9% 1.4%
    GUADALUPE CREDIT UNION $1,365,000 $870,000 -36.3% 1.4%
    BROKER SOLUTIONS, INC. $1,945,000 $830,000 -57.3% 1.3%
    NEW DAY FINANCIAL, LLC $450,000 $825,000 83.3% 1.3%
    MID AMERICA MORTGAGE, INC. $555,000 $755,000 36.0% 1.2%
    NAVY FEDERAL CREDIT UNION $685,000 $740,000 8.0% 1.2%
    Commerce Home Mortgage, Inc. $245,000 $685,000 179.6% 1.1%
    Del Norte Credit Union $1,680,000 $670,000 -60.1% 1.1%
    USAA Federal Savings Bank $645,000 n/a 1.0%
    Enterprise Bank & Trust $2,055,000 $640,000 -68.9% 1.0%
    LOANPAL, LLC $475,000 $625,000 31.6% 1.0%
    FREEDOM MORTGAGE CORPORATION $3,050,000 $615,000 -79.8% 1.0%
    JPMorgan Chase Bank $900,000 $615,000 -31.7% 1.0%
    AMERISAVE MORTGAGE CORPORATION $960,000 $590,000 -38.5% 1.0%
    Bank of America $385,000 $585,000 51.9% 0.9%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $165,000 $580,000 251.5% 0.9%
    VAN DYK MORTGAGE CORPORATION $440,000 $570,000 29.5% 0.9%
    DELMAR FINANCIAL COMPANY $550,000 n/a 0.9%
    Barrington Bank & Trust Company, N.A. $505,000 $540,000 6.9% 0.9%
    PENNYMAC LOAN SERVICES, LLC $535,000 $535,000 0.0% 0.9%
    First Fidelity Bank $525,000 n/a 0.8%
    AMERICAN FINANCIAL RESOURCES, INC. $400,000 $510,000 27.5% 0.8%
    The Federal Savings Bank $245,000 $505,000 106.1% 0.8%
    Zions Bancorporation, N.A. $465,000 n/a 0.7%
    BAY EQUITY LLC $395,000 n/a 0.6%
    Mid-Continent Funding, Inc. $390,000 n/a 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $750,000 $370,000 -50.7% 0.6%
    Magnolia Bank $355,000 n/a 0.6%
    NBH Bank $295,000 $355,000 20.3% 0.6%
    UNION HOME MORTGAGE CORP. $405,000 $340,000 -16.0% 0.5%
    LEGACY MORTGAGE LLC $560,000 $335,000 -40.2% 0.5%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $575,000 $325,000 -43.5% 0.5%
    LAND HOME FINANCIAL SERVICES, INC. $285,000 n/a 0.5%
    PURDUE FEDERAL CREDIT UNION $285,000 n/a 0.5%
    CALIBER HOME LOANS, INC. $500,000 $265,000 -47.0% 0.4%
    Farmers & Stockmens Bank $150,000 $240,000 60.0% 0.4%
    Nations Lending Corporation $145,000 $240,000 65.5% 0.4%
    CREDIT HUMAN FEDERAL CREDIT UNION $195,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $195,000 n/a 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $725,000 $195,000 -73.1% 0.3%
    U.S. EAGLE $440,000 $195,000 -55.7% 0.3%
    Flagstar Bank, FSB $465,000 $175,000 -62.4% 0.3%
    AMERICAN FINANCING CORPORATION $65,000 $165,000 153.8% 0.3%
    CMG MORTGAGE, INC. $240,000 $155,000 -35.4% 0.2%
    MOVEMENT MORTGAGE, LLC $250,000 $155,000 -38.0% 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $155,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $780,000 $145,000 -81.4% 0.2%
    PHH Mortgage Corporation $145,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $145,000 n/a 0.2%
    AMERICAN ADVISORS GROUP $135,000 n/a 0.2%
    SANDIA LABORATORY $135,000 n/a 0.2%
    HOME POINT FINANCIAL CORPORATION $485,000 $125,000 -74.2% 0.2%
    PLAZA HOME MORTGAGE, INC. $125,000 n/a 0.2%
    CALCON MUTUAL MORTGAGE LLC $115,000 n/a 0.2%
    SANDIA AREA $105,000 $115,000 9.5% 0.2%
    ACADEMY MORTGAGE CORPORATION $1,230,000 $110,000 -91.1% 0.2%
    Bank of England $105,000 n/a 0.2%
    First Bank & Trust $225,000 $105,000 -53.3% 0.2%
    NEWREZ LLC $700,000 $105,000 -85.0% 0.2%
    Plains Commerce Bank $195,000 $105,000 -46.2% 0.2%
    PENTAGON FEDERAL CREDIT UNION $225,000 $95,000 -57.8% 0.2%
    Sunflower Bank $1,045,000 $95,000 -90.9% 0.2%
    Carrington Mortgage Services, LLC $645,000 $75,000 -88.4% 0.1%
    PNC Bank $25,000 $15,000 -40.0% 0.0%

    Las Vegas's top lender by overall market share is QUICKEN LOANS, LLC, with 7.9% market share. In second place, with 7.8%, is 21ST MORTGAGE CORPORATION, having originated $4,870,000 in loans. In third place, with 6.8%, is STATE EMPLOYEES, having originated $4,215,000 in loans. In fourth place, with 4.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $2,670,000 in loans. In fifth place, with 3.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $2,420,000 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 $215,750 (7.9%) $379,768 (-2.6%) 0.00 186
    2018-02-01 $219,000 (9.5%) $373,827 (-3.4%) 0.00 177
    2018-03-01 $225,000 (9.8%) $364,389 (-8.1%) 0.00 176
    2018-04-01 $221,000 (10.5%) $361,390 (-5.7%) 0.00 186
    2018-05-01 $220,250 (10.1%) $351,762 (-10.2%) 0.00 200
    2018-06-01 $220,500 (4.0%) $353,704 (-9.6%) 0.00 220
    2018-07-01 $225,000 (12.8%) $360,577 (-4.5%) 0.00 223
    2018-08-01 $225,000 (13.1%) $335,913 (-10.3%) 0.00 233
    2018-09-01 $239,000 (20.1%) $343,172 (-9.9%) 0.00 220
    2018-10-01 $234,925 (18.1%) $339,561 (-9.0%) 0.00 219
    2018-11-01 $229,975 (15.4%) $345,972 (-10.3%) 0.00 207
    2018-12-01 $235,000 (17.8%) $337,184 (-10.9%) 0.00 196
    2019-01-01 $240,000 (11.2%) $346,035 (-8.9%) 0.00 179
    2019-02-01 $235,000 (7.3%) $344,585 (-7.8%) 0.00 177
    2019-03-01 $225,571 (0.3%) $335,999 (-7.8%) 0.00 181
    2019-04-01 $216,321 (-2.1%) $328,381 (-9.1%) 0.00 189
    2019-05-01 $227,000 (3.1%) $328,051 (-6.7%) 0.00 194
    2019-06-01 $230,500 (4.5%) $326,003 (-7.8%) 0.00 196
    2019-07-01 $225,000 (0.0%) $343,862 (-4.6%) 0.00 200
    2019-08-01 $231,000 (2.7%) $347,492 (3.5%) 0.00 193
    2019-09-01 $240,000 (0.4%) $349,782 (1.9%) 0.00 183
    2019-10-01 $246,000 (4.7%) $351,309 (3.5%) 0.00 177
    2019-11-01 $249,000 (8.3%) $350,425 (1.3%) 0.00 166
    2019-12-01 $241,250 (2.7%) $348,384 (3.3%) 0.00 161
    2020-01-01 $233,250 (-2.8%) $343,891 (-0.6%) 0.00 148
    2020-02-01 $247,000 (5.1%) $362,901 (5.3%) 0.00 141
    2020-03-01 $249,000 (10.4%) $350,612 (4.4%) 0.00 133
    2020-04-01 $244,175 (12.9%) $335,194 (2.1%) 0.00 129
    2020-05-01 $245,000 (7.9%) $334,753 (2.0%) 0.00 127
    2020-06-01 $250,000 (8.5%) $359,751 (10.4%) 0.00 122
    2020-07-01 $249,750 (11.0%) $369,918 (7.6%) 0.00 119
    2020-08-01 $279,000 (20.8%) $392,743 (13.0%) 0.00 123
    2020-09-01 $278,125 (15.9%) $389,166 (11.3%) 0.00 133
    2020-10-01 $274,900 (11.8%) $391,936 (11.6%) 0.00 134
    2020-11-01 $277,250 (11.4%) $472,647 (34.9%) 0.00 121
    2020-12-01 $276,125 (14.5%) $492,530 (41.4%) 0.00 107
    2021-01-01 $279,500 (19.8%) $513,047 (49.2%) 0.00 92
    2021-02-01 $276,100 (11.8%) $507,978 (40.0%) 0.00 79
    2021-03-01 $284,250 (14.2%) $522,213 (48.9%) 0.00 74
    2021-04-01 $309,750 (26.9%) $531,618 (58.6%) 0.00 71
    2021-05-01 $299,500 (22.2%) $522,378 (56.1%) 0.00 74
    2021-06-01 $296,475 (18.6%) $534,844 (48.7%) 0.00 77
    2021-07-01 $289,000 (15.7%) $522,889 (41.4%) 0.00 76
    2021-08-01 $312,500 (12.0%) $494,198 (25.8%) 0.00 71
    2021-09-01 $346,250 (24.5%) $461,716 (18.6%) 0.00 63
    2021-10-01 $325,000 (18.2%) $450,350 (14.9%) 0.00 56
    2021-11-01 $259,000 (-6.6%) $400,399 (-15.3%) 0.00 51
    2021-12-01 $239,750 (-13.2%) $384,140 (-22.0%) 0.00 47
    2022-01-01 $230,000 (-17.7%) $344,543 (-32.8%) 0.00 39
    2022-02-01 $230,000 (-16.7%) $345,503 (-32.0%) 0.00 44
    2022-03-01 $212,500 (-25.2%) $345,860 (-33.8%) 0.00 43
    2022-04-01 $220,000 (-29.0%) $357,500 (-32.8%) 0.00 40
    2022-05-01 $247,600 (-17.3%) $449,389 (-14.0%) 0.00 42
    2022-06-01 $251,725 (-15.1%) $436,134 (-18.5%) 0.00 49
    2022-07-01 $249,450 (-13.7%) $441,984 (-15.5%) 0.00 53
    2022-08-01 $273,500 (-12.5%) $459,578 (-7.0%) 0.00 55
    2022-09-01 $283,000 (-18.3%) $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 (10.5%) $466,964 (21.6%) 0.00 72
    2023-01-01 $255,400 (11.0%) $452,845 (31.4%) 0.00 73
    2023-02-01 $265,000 (15.2%) $453,876 (31.4%) 0.00 69
    Las Vegas's median listing price for 2023-02-01 was $265,000, a difference of $35,000 (15.2%) versus the prior year and $9,600 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 2023-02-01 was $453,876, a difference of $108,373 (31.4%) versus the prior year and $1,031 versus the prior month.

    For the 2023-02-01 period, Las Vegas had 69 MLS listings, a difference of -4 listings (-5%) versus the prior month and 25 listings (57%) 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 1,805 sqft
    2018-02-01 0 days 1,798 sqft
    2018-03-01 0 days 1,792 sqft
    2018-04-01 0 days 1,829 sqft
    2018-05-01 0 days 1,839 sqft
    2018-06-01 0 days 1,831 sqft
    2018-07-01 0 days 1,848 sqft
    2018-08-01 0 days 1,830 sqft
    2018-09-01 0 days 1,829 sqft
    2018-10-01 0 days 1,797 sqft
    2018-11-01 0 days 1,837 sqft
    2018-12-01 0 days 1,829 sqft
    2019-01-01 0 days 1,829 sqft
    2019-02-01 0 days 1,812 sqft
    2019-03-01 0 days 1,808 sqft
    2019-04-01 0 days 1,787 sqft
    2019-05-01 0 days 1,771 sqft
    2019-06-01 0 days 1,775 sqft
    2019-07-01 0 days 1,786 sqft
    2019-08-01 0 days 1,793 sqft
    2019-09-01 0 days 1,794 sqft
    2019-10-01 0 days 1,795 sqft
    2019-11-01 0 days 1,751 sqft
    2019-12-01 0 days 1,760 sqft
    2020-01-01 0 days 1,708 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 1,868 sqft
    2020-12-01 0 days 1,996 sqft
    2021-01-01 0 days 1,994 sqft
    2021-02-01 0 days 1,796 sqft
    2021-03-01 0 days 1,951 sqft
    2021-04-01 0 days 2,023 sqft
    2021-05-01 0 days 2,000 sqft
    2021-06-01 0 days 2,073 sqft
    2021-07-01 0 days 2,023 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 1,765 sqft
    2022-01-01 0 days 1,914 sqft
    2022-02-01 0 days 1,749 sqft
    2022-03-01 0 days 1,629 sqft
    2022-04-01 0 days 1,624 sqft
    2022-05-01 0 days 1,680 sqft
    2022-06-01 0 days 1,749 sqft
    2022-07-01 0 days 1,727 sqft
    2022-08-01 0 days 1,511 sqft
    2022-09-01 0 days 1,530 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 1,637 sqft
    Las Vegas's median listing age (time on market) for 2023-02-01 was 0 days.

    Las Vegas's median square footage for active listings during the 2023-02-01 period was 1,637 sqft. One year prior, the average listing was 1,749 sqft.

    Las Vegas, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 195 $38,845,000 $199,205
    Cash Out Refi 76 $13,340,000 $175,526
    Refi 56 $7,410,000 $132,321
    Home Improvement 12 $1,050,000 $87,500
    Other 11 $1,435,000 $130,455

    Las Vegas's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Cash Out Refi, with 76 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 83 $18,055,000 $217,530
    5-6% 68 $11,920,000 $175,294
    4-5% 62 $10,720,000 $172,903
    6-7% 53 $7,825,000 $147,642
    7-8% 29 $4,495,000 $155,000
    Over 8% 23 $2,975,000 $129,348
    2.5-3% 16 $2,740,000 $171,250
    <2.5% 14 $2,630,000 $187,857

    During 2022, Las Vegas's most frequently originated rate bucket was 3-4%, with 83 originations.

    Loan Sizing (Las Vegas, NM MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 147 $21,765,000 $148,061
    $200k-400k 98 $26,120,000 $266,531
    $100,000 or less 90 $5,390,000 $59,889
    $400k-600k 13 $6,495,000 $499,615
    $600k-1000k 1 $965,000 $965,000
    $Over $1MM 1 $1,345,000 $1,345,000

    Las Vegas's loan sizing saw the bucket of loans from $100k-200k with 147 originations, totaling $21,765,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 152 $32,860,000 $216,184
    60-80% 84 $15,580,000 $185,476
    40-60% 46 $6,840,000 $148,696
    20-40% 19 $1,815,000 $95,526
    Under 20% 17 $625,000 $36,765
    Over 100% 6 $1,670,000 $278,333

    Las Vegas's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 152 originations, totaling $32,860,000 in origination value.