Montrose Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Montrose averaged
7.13%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.86% and
one month ago for the week of 2025-05-15, the
average rate was 6.83%.
Montrose's average rate one year ago was 6.97%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.46%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Montrose 30 Year Fixed Rate | 2025-06-18 | 7.13% |
| Montrose 30 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Montrose 15 Year Fixed Rate | 2025-06-18 | 5.86% |
| Montrose 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
| Montrose 30 Year FHA | 2025-06-18 | 0.12% |
| Montrose 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Montrose 30 Year USDA | 2025-06-18 | 0.1% |
| Montrose 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Montrose 30 Year VA | 2025-06-18 | 0% |
| Montrose 30 Year VA Refi | 2025-06-18 | -0.1% |
Montrose 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 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.).
Montrose Average Closing Costs & Other Stats
Montrose, CO's 90 lenders originated 1,056
loans during 2024. The total origination value was $325,120,000, with an average loan value of
$307,879.
Montrose's average closing costs are $5,426.
The top Montrose lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
65 loans originated. Their average total fees are
$6,521, which is $853
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Montrose lenders (with over 10 loans originated) are
ARK-LA-TEX FINANCIAL SERVICES, LLC. ($3,187), Alpine Bank ($5,179), The Central Trust Bank ($5,772), CORNERSTONE HOME LENDING, INC. ($6,101) and S1L, Inc. ($6,518).
The lowest rate Montrose lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.43%), QUICKEN LOANS, LLC (6.65%), The Central Trust Bank (6.67%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.71%) and GUILD MORTGAGE COMPANY (6.75%).
Montrose, CO 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| GUILD MORTGAGE COMPANY | $3,725,000 | $38,045,000 | 921.3% | 11.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $17,170,000 | $31,400,000 | 82.9% | 9.7% |
| QUICKEN LOANS, LLC | $14,275,000 | $28,370,000 | 98.7% | 8.7% |
| The Central Trust Bank | $1,125,000 | $23,555,000 | 1,993.8% | 7.2% |
| Alpine Bank | $10,630,000 | $17,575,000 | 65.3% | 5.4% |
| CORNERSTONE HOME LENDING, INC. | $14,805,000 | $14,520,000 | -1.9% | 4.5% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $8,385,000 | $9,300,000 | 10.9% | 2.9% |
| Bank of Colorado | $9,315,000 | $8,865,000 | -4.8% | 2.7% |
| S1L, Inc. | $23,420,000 | $5,835,000 | -75.1% | 1.8% |
| FREEDOM MORTGAGE CORPORATION | $1,875,000 | $4,835,000 | 157.9% | 1.5% |
| NAVY FEDERAL CREDIT UNION | $3,770,000 | $4,435,000 | 17.6% | 1.4% |
| LOANDEPOT.COM, LLC | $2,335,000 | $3,885,000 | 66.4% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,125,000 | $3,870,000 | 23.8% | 1.2% |
| GENEVA FINANCIAL, LLC | $6,695,000 | $3,850,000 | -42.5% | 1.2% |
| NBH Bank | $2,000,000 | $3,615,000 | 80.8% | 1.1% |
| U.S. Bank | $4,635,000 | $3,545,000 | -23.5% | 1.1% |
| Mortgage Research Center, LLC | $3,230,000 | $3,325,000 | 2.9% | 1.0% |
| BMO Harris Bank | $4,770,000 | $2,950,000 | -38.2% | 0.9% |
| ALLIANT CREDIT UNION | $725,000 | $2,660,000 | 266.9% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,820,000 | $2,595,000 | 42.6% | 0.8% |
| USAA Federal Savings Bank | $1,515,000 | $2,555,000 | 68.6% | 0.8% |
| Farm Credit Mid-America, ACA | $2,120,000 | $2,460,000 | 16.0% | 0.8% |
| Inwood National Bank | $2,355,000 | n/a | 0.7% | |
| BROKER SOLUTIONS, INC. | $2,880,000 | $2,260,000 | -21.5% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,625,000 | $2,245,000 | -14.5% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,495,000 | $2,180,000 | 45.8% | 0.7% |
| The Huntington National Bank | $2,280,000 | $2,105,000 | -7.7% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $2,310,000 | $2,100,000 | -9.1% | 0.6% |
| THE MORTGAGE LINK, INC. | $2,000,000 | n/a | 0.6% | |
| BOKF | $545,000 | $1,940,000 | 256.0% | 0.6% |
| LONGBRIDGE FINANCIAL, LLC | $815,000 | $1,850,000 | 127.0% | 0.6% |
| Grandview Bank | $1,765,000 | n/a | 0.5% | |
| JPMorgan Chase Bank | $250,000 | $1,740,000 | 596.0% | 0.5% |
| NEWREZ LLC | $1,085,000 | $1,680,000 | 54.8% | 0.5% |
| HOMESIDE FINANCIAL, LLC | $1,665,000 | n/a | 0.5% | |
| FirstBank | $1,615,000 | n/a | 0.5% | |
| BAY EQUITY LLC | $1,315,000 | $1,565,000 | 19.0% | 0.5% |
| Southwest Missouri Bank | $1,500,000 | n/a | 0.5% | |
| Carrington Mortgage Services, LLC | $395,000 | $1,465,000 | 270.9% | 0.5% |
| Stone Bank | $1,465,000 | n/a | 0.5% | |
| Discover Bank | $655,000 | $1,445,000 | 120.6% | 0.4% |
| NBKC BANK | $500,000 | $1,440,000 | 188.0% | 0.4% |
| HOMEXPRESS MORTGAGE CORP. | $1,380,000 | n/a | 0.4% | |
| Zions Bank | $5,380,000 | $1,380,000 | -74.3% | 0.4% |
| FINANCE OF AMERICA REVERSE LLC | $805,000 | $1,370,000 | 70.2% | 0.4% |
| Elevations Credit Union | $1,060,000 | $1,320,000 | 24.5% | 0.4% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,290,000 | n/a | 0.4% | |
| Veritex Community Bank | $1,285,000 | n/a | 0.4% | |
| OCMBC, INC. | $1,230,000 | n/a | 0.4% | |
| Ent Credit Union | $975,000 | $1,165,000 | 19.5% | 0.4% |
| Wells Fargo Bank | $3,120,000 | $1,165,000 | -62.7% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $625,000 | $1,140,000 | 82.4% | 0.4% |
| V.I.P. MORTGAGE, INC. | $780,000 | $1,090,000 | 39.7% | 0.3% |
| BELLCO | $1,685,000 | $1,060,000 | -37.1% | 0.3% |
| GUARANTEED RATE, INC. | $985,000 | $1,055,000 | 7.1% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $945,000 | $1,000,000 | 5.8% | 0.3% |
| Stifel Bank and Trust | $255,000 | $1,000,000 | 292.2% | 0.3% |
| NP, Inc. | $980,000 | n/a | 0.3% | |
| Southern Bank | $955,000 | n/a | 0.3% | |
| Charles Schwab Bank, SSB | $295,000 | $930,000 | 215.3% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $3,175,000 | $925,000 | -70.9% | 0.3% |
| Plains Commerce Bank | $910,000 | n/a | 0.3% | |
| Bank of America | $1,055,000 | $900,000 | -14.7% | 0.3% |
| CMG MORTGAGE, INC. | $3,000,000 | $900,000 | -70.0% | 0.3% |
| 21ST MORTGAGE CORPORATION | $4,070,000 | $835,000 | -79.5% | 0.3% |
| Armed Forces Bank | $815,000 | n/a | 0.3% | |
| GROUP MORTGAGE, LLC | $505,000 | $770,000 | 52.5% | 0.2% |
| United Bank | $705,000 | $770,000 | 9.2% | 0.2% |
| Heritage Bank | $765,000 | n/a | 0.2% | |
| The Federal Savings Bank | $700,000 | $765,000 | 9.3% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $730,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $720,000 | n/a | 0.2% | |
| LOANPAL, LLC | $380,000 | $720,000 | 89.5% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $255,000 | $710,000 | 178.4% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $275,000 | $710,000 | 158.2% | 0.2% |
| LENDINGONE, LLC | $710,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $285,000 | $700,000 | 145.6% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $700,000 | n/a | 0.2% | |
| MidFirst Bank | $695,000 | n/a | 0.2% | |
| AmeriHome Mortgage Company, LLC | $685,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $660,000 | n/a | 0.2% | |
| American Bank | $625,000 | n/a | 0.2% | |
| First Federal Bank | $245,000 | $625,000 | 155.1% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,090,000 | $590,000 | -45.9% | 0.2% |
| Nations Lending Corporation | $455,000 | $580,000 | 27.5% | 0.2% |
| Northpointe Bank | $290,000 | $570,000 | 96.6% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $565,000 | n/a | 0.2% | |
| FIRST COMMUNITY MORTGAGE, INC. | $285,000 | $565,000 | 98.2% | 0.2% |
| NORTH VALLEY BANK | $555,000 | n/a | 0.2% | |
| Morgan Stanley Private Bank | $2,325,000 | $545,000 | -76.6% | 0.2% |
| MICHIGAN MUTUAL, INC. | $535,000 | n/a | 0.2% | |
| GERSHMAN INVESTMENT CORP. | $525,000 | n/a | 0.2% | |
| NexBank | $525,000 | n/a | 0.2% | |
| Figure Lending LLC | $590,000 | $515,000 | -12.7% | 0.2% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $505,000 | n/a | 0.2% | |
| Johnson Bank | $485,000 | n/a | 0.1% | |
| Glacier Bank | $540,000 | $475,000 | -12.0% | 0.1% |
| THE MORTGAGE COMPANY | $475,000 | n/a | 0.1% | |
| Towne Bank | $475,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $445,000 | n/a | 0.1% | |
| SECURITY SERVICE | $145,000 | $445,000 | 206.9% | 0.1% |
| Buena Vista National Bank | $425,000 | n/a | 0.1% | |
| MOUNTAIN AMERICA | $155,000 | $425,000 | 174.2% | 0.1% |
| The Dart Bank | $425,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $475,000 | $415,000 | -12.6% | 0.1% |
| PREMIER MEMBERS CREDIT UNION | $650,000 | $415,000 | -36.2% | 0.1% |
| First Merchants Bank | $405,000 | n/a | 0.1% | |
| First Western Trust Bank | $405,000 | n/a | 0.1% | |
| NMSI, INC. | $205,000 | $405,000 | 97.6% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $405,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $395,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $410,000 | $390,000 | -4.9% | 0.1% |
| FirstBank | $385,000 | n/a | 0.1% | |
| Peak Financial | $385,000 | n/a | 0.1% | |
| PNC Bank | $860,000 | $385,000 | -55.2% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $385,000 | n/a | 0.1% | |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $375,000 | n/a | 0.1% | |
| SFMC, LP | $365,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $535,000 | $345,000 | -35.5% | 0.1% |
| CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $1,080,000 | $335,000 | -69.0% | 0.1% |
| UNION HOME MORTGAGE CORP. | $335,000 | n/a | 0.1% | |
| ALLIED MORTGAGE GROUP, INC. | $315,000 | n/a | 0.1% | |
| LADERA LENDING, INC. | $1,105,000 | $315,000 | -71.5% | 0.1% |
| NFM, INC. | $305,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $305,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $325,000 | $305,000 | -6.2% | 0.1% |
| Bethpage Federal Credit Union | $255,000 | n/a | 0.1% | |
| Sunflower Bank | $245,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $245,000 | $245,000 | 0.0% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $235,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $1,165,000 | $230,000 | -80.3% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $230,000 | n/a | 0.1% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $205,000 | n/a | 0.1% | |
| F&A Federal Credit Union | $205,000 | n/a | 0.1% | |
| QUORUM FEDERAL CREDIT UNION | $75,000 | $200,000 | 166.7% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $300,000 | $200,000 | -33.3% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $185,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $790,000 | $165,000 | -79.1% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $165,000 | n/a | 0.1% | |
| CANVAS CREDIT UNION | $240,000 | $160,000 | -33.3% | 0.0% |
| Coastal Community Bank | $390,000 | $160,000 | -59.0% | 0.0% |
| Commerce Bank | $35,000 | $155,000 | 342.9% | 0.0% |
| GEORGIA'S OWN | $115,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $250,000 | $115,000 | -54.0% | 0.0% |
| FIRST TECHNOLOGY | $105,000 | n/a | 0.0% | |
| Sooper Credit Union | $150,000 | $105,000 | -30.0% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $845,000 | $100,000 | -88.2% | 0.0% |
| Oakstar Bank | $145,000 | $85,000 | -41.4% | 0.0% |
| WESTERRA CREDIT UNION | $315,000 | $75,000 | -76.2% | 0.0% |
| SPRING EQ, LLC | $35,000 | n/a | 0.0% | |
| ANB Bank | $400,000 | $25,000 | -93.8% | 0.0% |
Montrose's top lender by overall market share is GUILD MORTGAGE COMPANY, with 11.7% market share. In second place, with 9.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $31,400,000 in loans. In third place, with 8.7%, is QUICKEN LOANS, LLC, having originated $28,370,000 in loans. In fourth place, with 7.2%, is The Central Trust Bank, having originated $23,555,000 in loans. In fifth place, with 5.4%, is Alpine Bank, having originated $17,575,000 in loans.
Montrose, CO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 579 | $209,155,000 | $361,235 |
| Cash Out Refi | 154 | $43,650,000 | $283,442 |
| Refi | 151 | $52,215,000 | $345,795 |
| Other | 95 | $10,965,000 | $115,421 |
| Home Improvement | 77 | $9,135,000 | $118,636 |
Montrose's most frequently cited loan purpose was Home Purchase, with 579 originations. The 2nd most popular reason was Cash Out Refi, with 154 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 432 | $163,620,000 | $378,750 |
| Over 8% | 242 | $36,900,000 | $152,479 |
| 7-8% | 190 | $63,190,000 | $332,579 |
| 5-6% | 128 | $50,650,000 | $395,703 |
| <2.5% | 45 | $1,435,000 | $31,889 |
| 4-5% | 7 | $2,495,000 | $356,429 |
| 3-4% | 1 | $655,000 | $655,000 |
During 2024, Montrose's most frequently originated rate bucket was 6-7%, with 432 originations.
Loan Sizing (Montrose, CO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 429 | $131,035,000 | $305,443 |
| $100,000 or less | 203 | $9,755,000 | $48,054 |
| $400k-600k | 193 | $91,185,000 | $472,461 |
| $100k-200k | 145 | $20,935,000 | $144,379 |
| $600k-1000k | 73 | $53,255,000 | $729,521 |
| $Over $1MM | 13 | $18,955,000 | $1,458,077 |
Montrose's loan sizing saw the bucket of loans from $200k-400k with 429 originations, totaling $131,035,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 309 | $124,085,000 | $401,570 |
| 60-80% | 237 | $97,425,000 | $411,076 |
| Under 20% | 202 | $12,840,000 | $63,564 |
| 40-60% | 150 | $51,220,000 | $341,467 |
| 20-40% | 123 | $23,595,000 | $191,829 |
| Over 100% | 10 | $4,260,000 | $426,000 |
Montrose's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 309 originations, totaling $124,085,000 in origination value.