Las Vegas Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Las Vegas averaged
7.45%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.6% and
one month ago for the week of 2023-10-19, the
average rate was 7.99%.
Las Vegas's average rate one year ago was 6.67%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.89%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Las Vegas 30 Year Fixed Rate | 2023-11-22 | 7.45% |
Las Vegas 30 Year Fixed Rate Refi | 2023-11-22 | 7.89% |
Las Vegas 15 Year Fixed Rate | 2023-11-22 | 6.67% |
Las Vegas 15 Year Fixed Rate Refi | 2023-11-22 | 7.07% |
Las Vegas 30 Year FHA | 2023-11-22 | 0% |
Las Vegas 30 Year FHA Refi | 2023-11-22 | 0.1% |
Las Vegas 30 Year USDA | 2023-11-22 | 0% |
Las Vegas 30 Year USDA Refi | 2023-11-22 | 0.2% |
Las Vegas 30 Year VA | 2023-11-22 | 0.2% |
Las Vegas 30 Year VA Refi | 2023-11-22 | 0% |
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 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. LouisDate | 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 | $218,000 (9.0%) | $373,000 (-3.6%) | 0.00 | 177 |
2018-03-01 | $225,000 (9.8%) | $363,999 (-8.2%) | 0.00 | 176 |
2018-04-01 | $221,875 (10.9%) | $369,535 (-3.6%) | 0.00 | 186 |
2018-05-01 | $219,875 (9.9%) | $350,632 (-10.5%) | 0.00 | 200 |
2018-06-01 | $220,000 (3.8%) | $350,654 (-10.4%) | 0.00 | 220 |
2018-07-01 | $224,875 (12.7%) | $360,022 (-4.6%) | 0.00 | 223 |
2018-08-01 | $224,000 (12.6%) | $335,542 (-10.4%) | 0.00 | 233 |
2018-09-01 | $239,500 (20.4%) | $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%) | $345,804 (-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%) | $346,863 (-8.7%) | 0.00 | 179 |
2019-02-01 | $235,000 (7.8%) | $344,585 (-7.6%) | 0.00 | 177 |
2019-03-01 | $226,429 (0.6%) | $336,159 (-7.7%) | 0.00 | 181 |
2019-04-01 | $218,179 (-1.7%) | $329,236 (-10.9%) | 0.00 | 189 |
2019-05-01 | $227,000 (3.2%) | $328,051 (-6.4%) | 0.00 | 194 |
2019-06-01 | $230,500 (4.8%) | $326,003 (-7.0%) | 0.00 | 196 |
2019-07-01 | $225,000 (0.1%) | $343,862 (-4.5%) | 0.00 | 200 |
2019-08-01 | $231,000 (3.1%) | $347,492 (3.6%) | 0.00 | 193 |
2019-09-01 | $240,000 (0.2%) | $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 (-0.9%) | 0.00 | 148 |
2020-02-01 | $247,000 (5.1%) | $362,901 (5.3%) | 0.00 | 141 |
2020-03-01 | $249,000 (10.0%) | $350,612 (4.3%) | 0.00 | 133 |
2020-04-01 | $244,175 (11.9%) | $335,194 (1.8%) | 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 |
2023-03-01 | $265,000 (24.7%) | $409,839 (18.5%) | 0.00 | 69 |
2023-04-01 | $270,000 (22.7%) | $404,709 (13.2%) | 0.00 | 65 |
2023-05-01 | $231,750 (-6.4%) | $376,421 (-16.2%) | 0.00 | 66 |
2023-06-01 | $280,000 (11.2%) | $438,160 (0.5%) | 0.00 | 67 |
2023-07-01 | $285,000 (14.3%) | $436,896 (-1.2%) | 0.00 | 78 |
2023-08-01 | $280,000 (2.4%) | $537,277 (16.9%) | 0.00 | 76 |
2023-09-01 | $285,000 (0.7%) | $573,895 (20.9%) | 0.00 | 74 |
2023-10-01 | $314,500 (4.8%) | $693,516 (43.2%) | 0.00 | 73 |
Las Vegas's median listing price comes in at 0% of the national average.
Las Vegas's average listing price for 2023-10-01 was $693,516, a difference of $209,346 (43.2%) versus the prior year and $119,621 versus the prior month.
For the 2023-10-01 period, Las Vegas had 73 MLS listings, a difference of -1 listings (-1%) versus the prior month and 8 listings (12%) 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 | 1,834 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 | 1,830 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 | 1,810 sqft |
2019-04-01 | 0 days | 1,789 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 | 1,718 sqft |
2020-04-01 | 0 days | 1,697 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 |
2023-03-01 | 0 days | 1,673 sqft |
2023-04-01 | 0 days | 1,591 sqft |
2023-05-01 | 0 days | 1,548 sqft |
2023-06-01 | 0 days | 1,609 sqft |
2023-07-01 | 0 days | 1,600 sqft |
2023-08-01 | 0 days | 1,577 sqft |
2023-09-01 | 0 days | 1,687 sqft |
2023-10-01 | 0 days | 1,819 sqft |
Las Vegas's median square footage for active listings during the 2023-10-01 period was 1,819 sqft. One year prior, the average listing was 1,603 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.