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.).
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.
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.
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.
