Montrose Mortgage Rates

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

30 Year Fixed Rate mortgages in Montrose averaged 5.88% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 5.85% and one month ago for the week of 2022-05-19, the average rate was 5.32%.

Montrose's average rate one year ago was 3.03%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.11%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Montrose 30 Year Fixed Rate 2022-06-23 5.88%
Montrose 30 Year Fixed Rate Refi 2022-06-23 6.11%
Montrose 15 Year Fixed Rate 2022-06-23 5.62%
Montrose 15 Year Fixed Rate Refi 2022-06-23 5.34%
Montrose 30 Year FHA 2022-06-23 0.27%
Montrose 30 Year FHA Refi 2022-06-23 -0.29%
Montrose 30 Year USDA 2022-06-23 -0.05%
Montrose 30 Year USDA Refi 2022-06-23 -0.24%
Montrose 30 Year VA 2022-06-23 0.24%
Montrose 30 Year VA Refi 2022-06-23 0.04%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Montrose, CO.

Montrose Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Montrose, CO 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 200 2.97% $4,282
ACADEMY MORTGAGE CORPORATION 189 3.23% $3,109
CORNERSTONE HOME LENDING, INC. 153 3.26% $3,969
S1L, Inc. 107 3.12% $4,891
BAY EQUITY LLC 99 3.24% $3,645
GUILD MORTGAGE COMPANY 95 3.11% $3,789
Alpine Bank 51 3.23% $2,907
UNITED WHOLESALE MORTGAGE, LLC 50 2.95% $4,698
Wells Fargo Bank 47 3.11% $3,158
LOANDEPOT.COM, LLC 26 3.08% $4,514
BETTER MORTGAGE CORPORATION 20 2.87% $3,094
PLAZA HOME MORTGAGE, INC. 20 3.23% $2,821
HOME POINT FINANCIAL CORPORATION 20 2.87% $4,810
U.S. Bank 15 3.01% $3,966
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 3.14% $5,120
Bank of Colorado 15 3.01% $2,901
BROKER SOLUTIONS, INC. 13 3.16% $3,836
Mr. Cooper ( Nationstar Mortgage ) 13 3.11% $4,909
AMERICAN FINANCING CORPORATION 11 2.98% $4,568
JPMorgan Chase Bank 11 3.03% $3,691
AMCAP MORTGAGE, LTD. 11 2.88% $3,475
Flanagan State Bank 11 3.32% $3,187
GENEVA FINANCIAL, LLC 11 3.18% $5,343
AMERISAVE MORTGAGE CORPORATION 10 2.75% $3,738
PENNYMAC LOAN SERVICES, LLC 9 3.23% $5,617
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 3.22% $5,115
NEWREZ LLC 8 2.95% $3,882
GUARANTEED RATE, INC. 8 2.89% $3,437
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 3.42% $3,448
KELLER MORTGAGE, LLC 6 3.17% $2,474
Zions Bancorporation, N.A. 6 2.89% $3,227
Bank of the West 6 3.27% $4,110
Northpointe Bank 6 3.10% $3,506
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 2.94% $4,985
First Western Trust Bank 5 3.22% $3,644
CROSSCOUNTRY MORTGAGE, LLC 5 3.02% $3,423
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 2.92% $3,208
Elevations Credit Union 5 3.15% $4,147
CRESCENT MORTGAGE COMPANY 5 3.28% $5,009
LOANPAL, LLC 4 2.87% $6,135
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 2.94% $3,764
CALIBER HOME LOANS, INC. 4 3.18% $3,015
STEARNS LENDING, LLC 4 2.66% $3,836
CHERRY CREEK MORTGAGE, LLC 4 3.06% $889
NBKC BANK 4 3.19% $3,695
Charles Schwab Bank, SSB 4 2.37% $3,353
NBH Bank 4 2.97% $2,795
PROVIDENT FUNDING ASSOCIATES, L.P. 4 2.69% $2,400
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION 3 2.92% $2,190
FINANCE OF AMERICA MORTGAGE LLC 3 2.88% $4,970
PNC Bank 3 3.50% $3,086
Ally Bank 3 2.83% $6,686
NETWORK CAPITAL FUNDING CORPORATION 3 3.33% $2,413
Wyndham Capital Mortgage, Inc. 3 2.79% $2,232
NAVY FEDERAL CREDIT UNION 3 2.71% $1,794
Carrington Mortgage Services, LLC 3 3.17% $3,699
SWBC MORTGAGE CORPORATION 3 3.25% $3,478
The Federal Savings Bank 3 3.67% $5,179
MEGASTAR FINANCIAL CORP. 3 3.21% $3,580
UNIVERSAL LENDING CORPORATION 3 3.21% $3,333
The Central Trust Bank 2 2.87% $5,004
Bank of America 2 3.19% $3,428
BELLCO 2 2.88% $4,515
CENTENNIAL LENDING, LLC 2 2.88% $4,153
Citibank 2 2.88% $5,212
COLORAMO 2 3.81% $4,253
DRAPER AND KRAMER MORTGAGE CORP. 2 3.44% $2,927
Ent Credit Union 2 2.81% $3,431
First Home Bank 2 2.94% $4,491
Flagstar Bank, FSB 2 2.98% $2,353
FREEDOM MORTGAGE CORPORATION 2 3.19% $2,144
Grand Valley Bank 2 2.81% $2,144
Hometown Equity Mortgage, LLC 2 2.94% $2,798
JLB CORPORATION 2 3.25% $4,704
MOUNTAIN AMERICA 2 2.75% $5,170
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.94% $2,914
North American Savings Bank, F.S.B. 2 2.81% $1,822
NOVA FINANCIAL & INVESTMENT CORPORATION 2 3.19% $2,446
PLANET HOME LENDING, LLC 2 2.87% $2,108
PREMIER MEMBERS CREDIT UNION 2 3.19% $4,591
Raymond James Bank 2 3.25% $3,938
Stifel Bank and Trust 2 2.69% $2,536
Strong Home Mortgage, LLC 2 2.81% $1,050
The Huntington National Bank 2 3.00% $2,880
The Northern Trust Company 2 3.00% $4,238
WESTERRA CREDIT UNION 2 3.06% $5,049
JMAC LENDING, INC. 1 3.21% $3,113
First Financial Bank 1 2.88% $3,586
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.63% $2,983
KeyBank 1 3.38% $3,640
LADERA LENDING, INC. 1 2.75% $2,734
LAKEVIEW LOAN SERVICING, LLC 1 2.88% $1,140
LENDUS, LLC 1 3.00% $5,329
FirstBank 1 2.99% $1,841
EVERETT FINANCIAL, INC. 1 3.38% $1,568
LOANSNAP, INC. 1 3.00% $2,035
Manufacturers and Traders Trust Company 1 3.13% $2,583
ENDEAVOR CAPITAL, LLC. 1 2.75% $7,358
Mortgage Research Center, LLC 1 2.88% $11,340
Discover Bank 1 4.15% $0
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.38% $2,641
MOVEMENT MORTGAGE, LLC 1 3.25% $4,074
DELMAR FINANCIAL COMPANY 1 3.63% $0
USAA Federal Savings Bank 1 3.00% $2,232
Nations Lending Corporation 1 2.88% $8,714
Commercial Bank of Texas 1 3.75% $2,414
Commerce Bank 1 3.13% $3,120
Colonial Savings, F.A. 1 2.88% $11,816
CMG MORTGAGE, INC. 1 2.99% $5,003
City National Bank 1 2.35% $3,612
NEXERA HOLDING LLC 1 3.63% $25,056
AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $9,779
CELEBRITY HOME LOANS, LLC 1 3.13% $3,132
U S WIDE FINANCIAL LLC 1 2.50% $1,240
CANVAS CREDIT UNION 1 3.13% $1,980
V.I.P. MORTGAGE, INC. 1 3.38% $3,014
CANOPY MORTGAGE, LLC 1 2.99% $1,615
BOKF 1 3.38% $2,550
Watermark Capital, Inc. 1 2.88% $3,718
PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.63% $2,500
BNY Mellon 1 2.88% $4,907
BNC National Bank 1 2.75% $2,864
Prosperity Bank 1 2.50% $3,370
BLUE BRICK FINANCIAL LLC 1 2.99% $1,065
Beeline Loans, Inc. 1 2.88% $1,399
Waterstone Mortgage Corporation 1 3.13% $2,680
REDWOOD RESIDENTIAL ACQUISITION CORPORATION 1 3.38% $3,955
Baxter Credit Union 1 2.88% $3,410
SECURITY SERVICE 1 2.88% $2,050
SIRVA MORTGAGE, INC. 1 2.63% $0
SOUTHWEST FUNDING, LP 1 3.88% $5,960
Southwest Missouri Bank 1 2.95% $3,576
SPRING EQ, LLC 1 2.75% $0
Barrington Bank & Trust Company, N.A. 1 3.25% $2,686
ALLIANT CREDIT UNION 1 3.00% $4,083
ADVANCIAL 1 4.50% $3,000
SUCCESS MORTGAGE PARTNERS, INC. 1 4.00% $5,578
SUN WEST MORTGAGE COMPANY, INC. 1 2.99% $3,134
Assurance Financial Group, L.L.C. 1 2.88% $2,243
ASSEMBLIES OF GOD Credit Union 1 2.99% $2,651
ANGEL OAK HOME LOANS LLC 1 2.88% $2,369
WINGS FINANCIAL 1 2.88% $2,241
THE MORTGAGE FIRM, INC. 1 3.00% $3,086
AIR ACADEMY 1 2.75% $4,711
THRIVENT Federal Credit Union 1 3.25% $2,825
Franklin Loan Corporation 1 2.99% $8,966
TOP FLITE FINANCIAL, INC. 1 3.25% $14,262
Great Southern Bank 1 2.63% $2,164
GROUP MORTGAGE, LLC 1 3.25% $2,890
First United Bank and Trust Company 1 3.00% $4,698
FIRST STATE MORTGAGE SERVICES, LLC 1 3.63% $2,154
HOME MORTGAGE ALLIANCE, LLC 1 3.38% $2,854
First Midwest Bank 1 3.00% $2,843
HOMESIDE FINANCIAL, LLC 1 3.13% $5,248
Truist Bank 1 3.25% $4,571
INLAND BANK & TRUST 1 2.75% $2,227
INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 1 3.25% $5,819
InterContinental Capital Group, Inc 1 3.00% $4,554
Ixonia Bank 1 2.88% $6,895
Amerifirst Financial, Inc. 1 2.75% $611

Montrose, CO's 160 lenders originated 2,773 loans during 2021. The total origination value was $737,155,000, with an average loan value of $265,833.

The top Montrose lender as defined by loan originations is QUICKEN LOANS, LLC, with 200 loans originated. Their average total fees are $4,282, which is $1,173 higher than the next largest lender, ACADEMY MORTGAGE CORPORATION.

The lowest fee Montrose lenders (with over 10 loans originated) are PLAZA HOME MORTGAGE, INC. ($2,821), Bank of Colorado ($2,901), Alpine Bank ($2,907), BETTER MORTGAGE CORPORATION ($3,094) and ACADEMY MORTGAGE CORPORATION ($3,109).

The lowest rate Montrose lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.75%), HOME POINT FINANCIAL CORPORATION (2.87%), BETTER MORTGAGE CORPORATION (2.87%), AMCAP MORTGAGE, LTD. (2.88%) and UNITED WHOLESALE MORTGAGE, LLC (2.95%).

Montrose, CO Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
ACADEMY MORTGAGE CORPORATION $100,490,000 $82,955,000 -17.4% 11.3%
QUICKEN LOANS, LLC $71,500,000 $75,900,000 6.2% 10.3%
CORNERSTONE HOME LENDING, INC. $76,975,000 $67,950,000 -11.7% 9.2%
Alpine Bank $40,045,000 $46,440,000 16.0% 6.3%
S1L, Inc. $21,980,000 $43,040,000 95.8% 5.8%
BAY EQUITY LLC $34,415,000 $38,040,000 10.5% 5.2%
GUILD MORTGAGE COMPANY $38,290,000 $32,745,000 -14.5% 4.4%
UNITED WHOLESALE MORTGAGE, LLC $17,730,000 $26,830,000 51.3% 3.6%
Wells Fargo Bank $20,980,000 $21,605,000 3.0% 2.9%
FREEDOM MORTGAGE CORPORATION $17,575,000 $12,180,000 -30.7% 1.7%
LOANDEPOT.COM, LLC $6,040,000 $10,450,000 73.0% 1.4%
U.S. Bank $7,380,000 $10,090,000 36.7% 1.4%
Bank of Colorado $21,300,000 $8,985,000 -57.8% 1.2%
HOME POINT FINANCIAL CORPORATION $5,560,000 $8,460,000 52.2% 1.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $6,900,000 $8,425,000 22.1% 1.1%
BETTER MORTGAGE CORPORATION $4,715,000 $8,140,000 72.6% 1.1%
PLAZA HOME MORTGAGE, INC. $1,820,000 $6,765,000 271.7% 0.9%
JPMorgan Chase Bank $3,640,000 $6,335,000 74.0% 0.9%
Capital One $7,375,000 $6,305,000 -14.5% 0.9%
Mortgage Research Center, LLC $4,130,000 $6,280,000 52.1% 0.9%
BROKER SOLUTIONS, INC. $4,565,000 $6,080,000 33.2% 0.8%
PENNYMAC LOAN SERVICES, LLC $8,785,000 $6,000,000 -31.7% 0.8%
AMERICAN FINANCING CORPORATION $5,815,000 $5,820,000 0.1% 0.8%
GENEVA FINANCIAL, LLC $455,000 $5,675,000 1,147.3% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $6,340,000 $5,025,000 -20.7% 0.7%
GUARANTEED RATE, INC. $2,745,000 $4,645,000 69.2% 0.6%
NEWREZ LLC $2,845,000 $4,515,000 58.7% 0.6%
AMCAP MORTGAGE, LTD. $5,445,000 $4,275,000 -21.5% 0.6%
AMERISAVE MORTGAGE CORPORATION $1,985,000 $4,270,000 115.1% 0.6%
Flanagan State Bank $2,795,000 $4,185,000 49.7% 0.6%
Zions Bancorporation, N.A. $2,240,000 $4,125,000 84.2% 0.6%
LAKEVIEW LOAN SERVICING, LLC $3,180,000 $3,450,000 8.5% 0.5%
MORTGAGE SOLUTIONS OF COLORADO, LLC $11,460,000 $3,265,000 -71.5% 0.4%
Bank of the West $4,665,000 $3,240,000 -30.5% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $2,740,000 $3,185,000 16.2% 0.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,310,000 $3,165,000 141.6% 0.4%
First Western Trust Bank $195,000 $2,710,000 1,289.7% 0.4%
VILLAGE CAPITAL & INVESTMENT LLC $575,000 $2,710,000 371.3% 0.4%
CALIBER HOME LOANS, INC. $4,570,000 $2,585,000 -43.4% 0.4%
NAVY FEDERAL CREDIT UNION $3,040,000 $2,445,000 -19.6% 0.3%
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION $2,055,000 $2,385,000 16.1% 0.3%
Elevations Credit Union $2,315,000 n/a 0.3%
BELLCO $630,000 $2,295,000 264.3% 0.3%
NBH Bank $3,360,000 $2,270,000 -32.4% 0.3%
KELLER MORTGAGE, LLC $2,915,000 $2,180,000 -25.2% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $1,410,000 $2,165,000 53.5% 0.3%
Ally Bank $400,000 $2,140,000 435.0% 0.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $2,115,000 n/a 0.3%
Charles Schwab Bank, SSB $615,000 $2,080,000 238.2% 0.3%
Northpointe Bank $1,900,000 $1,975,000 3.9% 0.3%
NBKC BANK $1,280,000 $1,945,000 52.0% 0.3%
Carrington Mortgage Services, LLC $1,880,000 $1,895,000 0.8% 0.3%
AMERICAN ADVISORS GROUP $1,010,000 $1,830,000 81.2% 0.2%
CRESCENT MORTGAGE COMPANY $4,105,000 $1,830,000 -55.4% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,790,000 $1,825,000 2.0% 0.2%
CHERRY CREEK MORTGAGE, LLC $3,995,000 $1,780,000 -55.4% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $500,000 $1,465,000 193.0% 0.2%
CELEBRITY HOME LOANS, LLC $860,000 $1,450,000 68.6% 0.2%
Wyndham Capital Mortgage, Inc. $2,220,000 $1,440,000 -35.1% 0.2%
The Federal Savings Bank $2,075,000 $1,410,000 -32.0% 0.2%
Home Federal Bank $1,365,000 n/a 0.2%
NETWORK CAPITAL FUNDING CORPORATION $235,000 $1,350,000 474.5% 0.2%
Raymond James Bank $1,350,000 n/a 0.2%
STEARNS LENDING, LLC $1,335,000 n/a 0.2%
DRAPER AND KRAMER MORTGAGE CORP. $395,000 $1,325,000 235.4% 0.2%
LOANPAL, LLC $175,000 $1,310,000 648.6% 0.2%
USAA Federal Savings Bank $6,175,000 $1,305,000 -78.9% 0.2%
UNIVERSAL LENDING CORPORATION $1,260,000 $1,285,000 2.0% 0.2%
NEW DAY FINANCIAL, LLC $1,530,000 $1,275,000 -16.7% 0.2%
Nations Lending Corporation $1,200,000 $1,265,000 5.4% 0.2%
SWBC MORTGAGE CORPORATION $945,000 $1,240,000 31.2% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,085,000 $1,235,000 -60.0% 0.2%
Citibank $1,230,000 n/a 0.2%
Flagstar Bank, FSB $1,785,000 $1,190,000 -33.3% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $730,000 $1,165,000 59.6% 0.2%
NEXERA HOLDING LLC $1,150,000 n/a 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $2,025,000 $1,140,000 -43.7% 0.2%
NOVA FINANCIAL & INVESTMENT CORPORATION $305,000 $1,085,000 255.7% 0.1%
UBS Bank USA $1,065,000 n/a 0.1%
WESTERRA CREDIT UNION $365,000 $1,060,000 190.4% 0.1%
CLEARPATH LENDING $2,380,000 $1,030,000 -56.7% 0.1%
Stifel Bank and Trust $1,010,000 $1,020,000 1.0% 0.1%
REDWOOD RESIDENTIAL ACQUISITION CORPORATION $1,005,000 n/a 0.1%
The Northern Trust Company $1,000,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $1,100,000 $970,000 -11.8% 0.1%
FINANCE OF AMERICA REVERSE LLC $285,000 $955,000 235.1% 0.1%
MEGASTAR FINANCIAL CORP. $1,420,000 $955,000 -32.7% 0.1%
Commerce Home Mortgage, Inc. $730,000 $945,000 29.5% 0.1%
Strong Home Mortgage, LLC $935,000 n/a 0.1%
Ent Credit Union $2,365,000 $920,000 -61.1% 0.1%
Grand Valley Bank $370,000 $895,000 141.9% 0.1%
PLANET HOME LENDING, LLC $1,380,000 $895,000 -35.1% 0.1%
First Midwest Bank $875,000 n/a 0.1%
Colonial Savings, F.A. $860,000 n/a 0.1%
The Huntington National Bank $840,000 n/a 0.1%
BNY Mellon $835,000 n/a 0.1%
First United Bank and Trust Company $385,000 $835,000 116.9% 0.1%
North American Savings Bank, F.S.B. $1,440,000 $835,000 -42.0% 0.1%
First Home Bank $810,000 n/a 0.1%
Hometown Equity Mortgage, LLC $785,000 n/a 0.1%
MOUNTAIN AMERICA $785,000 $765,000 -2.5% 0.1%
ALL REVERSE MORTGAGE, INC. $760,000 n/a 0.1%
Commerce Bank $755,000 n/a 0.1%
KS StateBank $1,225,000 $740,000 -39.6% 0.1%
Bank of America $1,825,000 $735,000 -59.7% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,010,000 $735,000 -27.2% 0.1%
InterContinental Capital Group, Inc $1,020,000 $730,000 -28.4% 0.1%
The Central Trust Bank $410,000 $730,000 78.0% 0.1%
Mid-Continent Funding, Inc. $375,000 $720,000 92.0% 0.1%
ANB Bank $55,000 $685,000 1,145.5% 0.1%
21ST MORTGAGE CORPORATION $710,000 $675,000 -4.9% 0.1%
TJC Mortgage, Inc. $670,000 n/a 0.1%
Commercial Bank of Texas $645,000 n/a 0.1%
Truist Bank $1,565,000 $625,000 -60.1% 0.1%
BOKF $710,000 $620,000 -12.7% 0.1%
COLORAMO $590,000 n/a 0.1%
City National Bank $905,000 $585,000 -35.4% 0.1%
PREMIER MEMBERS CREDIT UNION $570,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $565,000 n/a 0.1%
Low VA Rates, LLC $555,000 n/a 0.1%
PNC Bank $2,300,000 $545,000 -76.3% 0.1%
ADVANCIAL $535,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $535,000 n/a 0.1%
PHH Mortgage Corporation $665,000 $525,000 -21.1% 0.1%
AIR ACADEMY $520,000 n/a 0.1%
Residential Mortgage Solutions, Inc. $520,000 n/a 0.1%
CERTAINTY HOME LOANS, LLC $600,000 $510,000 -15.0% 0.1%
CMG MORTGAGE, INC. $380,000 $505,000 32.9% 0.1%
LENDUS, LLC $740,000 $505,000 -31.8% 0.1%
ENDEAVOR CAPITAL, LLC. $495,000 n/a 0.1%
SECURITY SERVICE $1,140,000 $495,000 -56.6% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $1,540,000 $485,000 -68.5% 0.1%
JLB CORPORATION $480,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $175,000 $475,000 171.4% 0.1%
BNC National Bank $375,000 $465,000 24.0% 0.1%
CANVAS CREDIT UNION $1,685,000 $465,000 -72.4% 0.1%
Prosperity Bank $465,000 n/a 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $445,000 n/a 0.1%
Cf Bank $415,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $500,000 $415,000 -17.0% 0.1%
Watermark Capital, Inc. $405,000 n/a 0.1%
Waterstone Mortgage Corporation $400,000 n/a 0.1%
Brighton Bank $395,000 n/a 0.1%
Gateway First Bank $395,000 $395,000 0.0% 0.1%
TOWNE MORTGAGE COMPANY $395,000 n/a 0.1%
HOME MORTGAGE ALLIANCE, LLC $325,000 $390,000 20.0% 0.1%
CANOPY MORTGAGE, LLC $375,000 n/a 0.1%
ASSEMBLIES OF GOD Credit Union $275,000 $365,000 32.7% 0.0%
LOS ANGELES POLICE Federal Credit Union $365,000 n/a 0.0%
Southwest Missouri Bank $365,000 n/a 0.0%
THRIVE MORTGAGE, LLC $365,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $360,000 n/a 0.0%
ACCELERATE MORTGAGE, LLC $355,000 n/a 0.0%
Beeline Loans, Inc. $355,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $355,000 n/a 0.0%
FirstOak Bank $355,000 n/a 0.0%
LOANSNAP, INC. $355,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $355,000 n/a 0.0%
FirstBank $340,000 $345,000 1.5% 0.0%
LADERA LENDING, INC. $345,000 $345,000 0.0% 0.0%
Magnolia Bank $345,000 n/a 0.0%
U S WIDE FINANCIAL LLC $345,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $675,000 $340,000 -49.6% 0.0%
First Financial Bank $335,000 n/a 0.0%
TBK BANK, SSB $275,000 $335,000 21.8% 0.0%
Credit Union of Denver $105,000 $330,000 214.3% 0.0%
TruHome Solutions, LLC $315,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $125,000 $310,000 148.0% 0.0%
EVERETT FINANCIAL, INC. $1,935,000 $305,000 -84.2% 0.0%
Franklin Loan Corporation $305,000 n/a 0.0%
WINNPOINTE CORPORATION $580,000 $305,000 -47.4% 0.0%
M2 Lending Solutions, LLC $295,000 n/a 0.0%
Amerifirst Financial, Inc. $285,000 $285,000 0.0% 0.0%
SOUTHWEST FUNDING, LP $275,000 $285,000 3.6% 0.0%
WINGS FINANCIAL $365,000 $285,000 -21.9% 0.0%
ANGEL OAK HOME LOANS LLC $275,000 n/a 0.0%
NATIONWIDE EQUITIES CORPORATION $275,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $790,000 $275,000 -65.2% 0.0%
LONGBRIDGE FINANCIAL, LLC $270,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $270,000 n/a 0.0%
Barrington Bank & Trust Company, N.A. $765,000 $255,000 -66.7% 0.0%
BLUE BRICK FINANCIAL LLC $255,000 n/a 0.0%
Great Southern Bank $255,000 n/a 0.0%
INLAND BANK & TRUST $255,000 n/a 0.0%
INTEGRITY MORTGAGE & FINANCIAL INCORPORATED $310,000 $255,000 -17.7% 0.0%
Ixonia Bank $255,000 n/a 0.0%
SIRVA MORTGAGE, INC. $255,000 n/a 0.0%
THE MORTGAGE FIRM, INC. $255,000 n/a 0.0%
GROUP MORTGAGE, LLC $245,000 n/a 0.0%
Independent Bank $245,000 n/a 0.0%
THRIVENT Federal Credit Union $245,000 n/a 0.0%
Visio Financial Services Inc. $245,000 n/a 0.0%
CASTLE & COOKE MORTGAGE, LLC $235,000 n/a 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $235,000 n/a 0.0%
Discover Bank $140,000 $225,000 60.7% 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $215,000 n/a 0.0%
V.I.P. MORTGAGE, INC. $215,000 n/a 0.0%
CENTENNIAL LENDING, LLC $210,000 n/a 0.0%
Florida Capital Bank $205,000 n/a 0.0%
GERSHMAN INVESTMENT CORP. $400,000 $205,000 -48.8% 0.0%
HOMESIDE FINANCIAL, LLC $295,000 $205,000 -30.5% 0.0%
PARTNER COLORADO $205,000 n/a 0.0%
SPRING EQ, LLC $270,000 $205,000 -24.1% 0.0%
Third Federal Savings and Loan Association of Cleveland $255,000 $205,000 -19.6% 0.0%
JMAC LENDING, INC. $195,000 n/a 0.0%
The Home Loan Expert LLC $195,000 n/a 0.0%
ALLIANT CREDIT UNION $75,000 $175,000 133.3% 0.0%
REVERSE MORTGAGE FUNDING LLC $570,000 $175,000 -69.3% 0.0%
Assurance Financial Group, L.L.C. $165,000 n/a 0.0%
DELMAR FINANCIAL COMPANY $720,000 $165,000 -77.1% 0.0%
FIRST STATE MORTGAGE SERVICES, LLC $165,000 n/a 0.0%
Glacier Bank $55,000 $160,000 190.9% 0.0%
Manufacturers and Traders Trust Company $160,000 n/a 0.0%
Chicago Mortgage Solutions LLC $155,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $245,000 $155,000 -36.7% 0.0%
Alaska USA Federal Credit Union $150,000 n/a 0.0%
Baxter Credit Union $145,000 n/a 0.0%
NP, Inc. $145,000 n/a 0.0%
SOFI LENDING CORP. $455,000 $145,000 -68.1% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $270,000 $135,000 -50.0% 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $105,000 $135,000 28.6% 0.0%
Red Rocks Credit Union $555,000 $130,000 -76.6% 0.0%
First Guaranty Mortgage Corporation $145,000 $125,000 -13.8% 0.0%
MID AMERICA MORTGAGE, INC. $125,000 n/a 0.0%
ARC HOME LLC $225,000 $115,000 -48.9% 0.0%
RESIDENTIAL BANCORP. $105,000 n/a 0.0%
SOMERSET TRUST COMPANY $740,000 $105,000 -85.8% 0.0%
KeyBank $3,095,000 $95,000 -96.9% 0.0%
UMB Bank $885,000 $95,000 -89.3% 0.0%
RUOFF MORTGAGE COMPANY, INC. $85,000 n/a 0.0%
Figure Lending LLC $75,000 $75,000 0.0% 0.0%
COLORADO CREDIT UNION $55,000 n/a 0.0%

Montrose's top lender by overall market share is ACADEMY MORTGAGE CORPORATION, with 11.3% market share. In second place, with 10.3%, is QUICKEN LOANS, LLC, having originated $75,900,000 in loans. In third place, with 9.2%, is CORNERSTONE HOME LENDING, INC., having originated $67,950,000 in loans. In third place, with 6.3%, is Alpine Bank, having originated $46,440,000 in loans. In third place, with 5.8%, is S1L, Inc., having originated $43,040,000 in loans.


Montrose, CO Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 991 $311,905,000 $314,738
Refi 962 $235,700,000 $245,010
Cash Out Refi 645 $167,985,000 $260,442
Home Improvement 88 $10,110,000 $114,886
Other 87 $11,455,000 $131,667

Montrose's most frequently cited loan purpose was Home Purchase, with 991 originations. The 2nd most popular reason was Refi, with 962 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,115 $304,215,000 $272,839
3-4% 1,071 $298,015,000 $278,259
<2.5% 439 $103,655,000 $236,116
4-5% 98 $19,440,000 $198,367
5-6% 16 $1,580,000 $98,750
6-7% 14 $1,310,000 $93,571
Over 8% 8 $380,000 $47,500
7-8% 2 $100,000 $50,000

During 2021, Montrose's most frequently originated rate bucket was 2.5-3%, with 1,115 originations.

Loan Sizing (Montrose, CO MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,376 $386,320,000 $280,756
$100k-200k 711 $108,785,000 $153,003
$400k-600k 350 $167,370,000 $478,200
$100,000 or less 267 $14,295,000 $53,539
$600k-1000k 54 $38,450,000 $712,037
$Over $1MM 15 $21,935,000 $1,462,333

Montrose's loan sizing saw the bucket of loans from $200k-400k with 1,376 originations, totaling $386,320,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 879 $268,175,000 $305,091
80-100% 682 $221,150,000 $324,267
40-60% 620 $162,090,000 $261,435
20-40% 292 $49,220,000 $168,562
Under 20% 198 $10,780,000 $54,444
Over 100% 19 $6,335,000 $333,421

Montrose's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 879 originations, totaling $268,175,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Montrose (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 $378,975 (16.7%) $509,869 (18.3%) 0.00 235
2018-02-01 $399,450 (26.8%) $518,460 (22.5%) 0.00 229
2018-03-01 $399,900 (22.2%) $523,761 (23.5%) 0.00 239
2018-04-01 $387,250 (20.3%) $481,294 (16.4%) 0.00 261
2018-05-01 $392,450 (14.4%) $476,546 (10.3%) 0.00 284
2018-06-01 $394,900 (12.9%) $511,556 (16.5%) 0.00 305
2018-07-01 $367,450 (5.0%) $498,414 (10.7%) 0.00 316
2018-08-01 $359,000 (-1.6%) $499,219 (7.8%) 0.00 325
2018-09-01 $329,000 (-14.6%) $480,007 (-1.6%) 0.00 316
2018-10-01 $329,000 (-16.7%) $490,742 (-0.3%) 0.00 301
2018-11-01 $329,950 (-16.5%) $510,820 (4.6%) 0.00 295
2018-12-01 $355,000 (-5.1%) $524,924 (7.1%) 0.00 282
2019-01-01 $341,950 (-9.8%) $513,690 (0.8%) 0.00 255
2019-02-01 $332,000 (-16.9%) $499,917 (-3.6%) 0.00 240
2019-03-01 $348,143 (-12.9%) $496,856 (-5.1%) 0.00 251
2019-04-01 $379,500 (-2.0%) $517,300 (7.5%) 0.00 259
2019-05-01 $387,000 (-1.4%) $526,614 (10.5%) 0.00 279
2019-06-01 $395,000 (0.0%) $525,457 (2.7%) 0.00 311
2019-07-01 $384,500 (4.6%) $529,867 (6.3%) 0.00 319
2019-08-01 $376,179 (4.8%) $527,143 (5.6%) 0.00 328
2019-09-01 $377,554 (14.8%) $532,873 (11.0%) 0.00 330
2019-10-01 $379,500 (15.4%) $540,660 (10.2%) 0.00 302
2019-11-01 $366,000 (10.9%) $543,899 (6.5%) 0.00 271
2019-12-01 $392,000 (10.4%) $572,114 (9.0%) 0.00 232
2020-01-01 $395,000 (15.5%) $566,835 (10.4%) 0.00 220
2020-02-01 $395,000 (19.0%) $534,119 (6.8%) 0.00 205
2020-03-01 $395,000 (13.5%) $541,720 (9.0%) 0.00 204
2020-04-01 $395,000 (4.1%) $553,956 (7.1%) 0.00 208
2020-05-01 $395,000 (2.1%) $504,652 (-4.2%) 0.00 224
2020-06-01 $395,000 (0.0%) $486,913 (-7.3%) 0.00 236
2020-07-01 $395,000 (2.7%) $510,933 (-3.6%) 0.00 228
2020-08-01 $410,000 (9.0%) $558,989 (6.0%) 0.00 199
2020-09-01 $439,990 (16.5%) $578,513 (8.6%) 0.00 178
2020-10-01 $465,000 (22.5%) $596,495 (10.3%) 0.00 151
2020-11-01 $469,450 (28.3%) $608,903 (12.0%) 0.00 130
2020-12-01 $497,000 (26.8%) $703,220 (22.9%) 0.00 108
2021-01-01 $497,000 (25.8%) $697,015 (23.0%) 0.00 106
2021-02-01 $485,000 (22.8%) $709,120 (32.8%) 0.00 101
2021-03-01 $512,450 (29.7%) $749,135 (38.3%) 0.00 99
2021-04-01 $572,500 (44.9%) $758,674 (37.0%) 0.00 90
2021-05-01 $575,000 (45.6%) $816,638 (61.8%) 0.00 85
2021-06-01 $582,000 (47.3%) $837,260 (72.0%) 0.00 99
2021-07-01 $559,250 (41.6%) $802,004 (57.0%) 0.00 126
2021-08-01 $579,450 (41.3%) $820,962 (46.9%) 0.00 139
2021-09-01 $550,000 (25.0%) $808,942 (39.8%) 0.00 151
2021-10-01 $528,000 (13.6%) $774,661 (29.9%) 0.00 152
2021-11-01 $540,000 (15.0%) $875,362 (43.8%) 0.00 130
2021-12-01 $549,500 (10.6%) $927,467 (31.9%) 0.00 122
2022-01-01 $585,000 (17.7%) $954,885 (37.0%) 0.00 93
2022-02-01 $615,950 (27.0%) $975,476 (37.6%) 0.00 79
2022-03-01 $633,000 (23.5%) $921,784 (23.1%) 0.00 86
2022-04-01 $580,000 (1.3%) $829,348 (9.3%) 0.00 98
2022-05-01 $529,990 (-7.8%) $806,901 (-1.2%) 0.00 110
Montrose's median listing price for 2022-05-01 was $529,990, a difference of $-45,010 (-7.8%) versus the prior year and $-50,010 versus the prior month.

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

Montrose's average listing price for 2022-05-01 was $806,901, a difference of $-9,737 (-1.2%) versus the prior year and $-22,447 versus the prior month.

For the 2022-05-01 period, Montrose had 110 MLS listings, a difference of 12 listings (12%) versus the prior month and 25 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Montrose (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,087 sqft
2018-02-01 0 days 2,079 sqft
2018-03-01 0 days 2,088 sqft
2018-04-01 0 days 2,035 sqft
2018-05-01 0 days 2,006 sqft
2018-06-01 0 days 1,941 sqft
2018-07-01 0 days 1,947 sqft
2018-08-01 0 days 1,908 sqft
2018-09-01 0 days 1,890 sqft
2018-10-01 0 days 1,900 sqft
2018-11-01 0 days 1,920 sqft
2018-12-01 0 days 2,045 sqft
2019-01-01 0 days 1,953 sqft
2019-02-01 0 days 2,048 sqft
2019-03-01 0 days 2,046 sqft
2019-04-01 0 days 2,098 sqft
2019-05-01 0 days 2,092 sqft
2019-06-01 0 days 2,088 sqft
2019-07-01 0 days 2,050 sqft
2019-08-01 0 days 2,042 sqft
2019-09-01 0 days 2,033 sqft
2019-10-01 0 days 2,043 sqft
2019-11-01 0 days 1,984 sqft
2019-12-01 0 days 1,988 sqft
2020-01-01 0 days 1,975 sqft
2020-02-01 0 days 1,914 sqft
2020-03-01 0 days 1,933 sqft
2020-04-01 0 days 1,982 sqft
2020-05-01 0 days 1,975 sqft
2020-06-01 0 days 1,957 sqft
2020-07-01 0 days 1,958 sqft
2020-08-01 0 days 2,074 sqft
2020-09-01 0 days 2,103 sqft
2020-10-01 0 days 2,161 sqft
2020-11-01 0 days 2,191 sqft
2020-12-01 0 days 2,215 sqft
2021-01-01 0 days 2,177 sqft
2021-02-01 0 days 2,230 sqft
2021-03-01 0 days 2,235 sqft
2021-04-01 0 days 2,295 sqft
2021-05-01 0 days 2,365 sqft
2021-06-01 0 days 2,262 sqft
2021-07-01 0 days 2,184 sqft
2021-08-01 0 days 2,174 sqft
2021-09-01 0 days 2,112 sqft
2021-10-01 0 days 2,094 sqft
2021-11-01 0 days 2,041 sqft
2021-12-01 0 days 2,014 sqft
2022-01-01 0 days 2,022 sqft
2022-02-01 0 days 2,022 sqft
2022-03-01 0 days 2,056 sqft
2022-04-01 0 days 2,000 sqft
2022-05-01 0 days 1,908 sqft
Montrose's median listing age (time on market) for 2022-05-01 was 0 days.

Montrose's median square footage for active listings during the 2022-05-01 period was 1,908 sqft. One year prior, the average listing was 2,365 sqft.