Montrose Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Montrose averaged 6.96% 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 7.31% and one month ago for the week of 2023-10-19, the average rate was 7.3%.

Montrose's average rate one year ago was 6.38%.

For refis of the same type during the week of 2023-11-22, the average rate was 6.87%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-22 7.29%
Montrose 30 Year Fixed Rate 2023-11-22 6.96%
Montrose 30 Year Fixed Rate Refi 2023-11-22 6.87%
Montrose 15 Year Fixed Rate 2023-11-22 6.87%
Montrose 15 Year Fixed Rate Refi 2023-11-22 6.57%
Montrose 30 Year FHA 2023-11-22 -0.2%
Montrose 30 Year FHA Refi 2023-11-22 -0.1%
Montrose 30 Year USDA 2023-11-22 -0.2%
Montrose 30 Year USDA Refi 2023-11-22 -0.1%
Montrose 30 Year VA 2023-11-22 -0.1%
Montrose 30 Year VA Refi 2023-11-22 -0.2%
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 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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
ACADEMY MORTGAGE CORPORATION 102 5.07% $6,255
QUICKEN LOANS, LLC 90 4.72% $6,232
S1L, Inc. 60 5.04% $9,293
CORNERSTONE HOME LENDING, INC. 49 4.90% $4,766
Wells Fargo Bank 36 4.48% $5,573
Alpine Bank 33 4.54% $5,340
GENEVA FINANCIAL, LLC 31 4.93% $7,214
UNITED WHOLESALE MORTGAGE, LLC 30 5.08% $5,606
LOANDEPOT.COM, LLC 24 4.04% $7,222
Bank of Colorado 20 4.54% $5,873
BAY EQUITY LLC 20 3.94% $4,087
ARK-LA-TEX FINANCIAL SERVICES, LLC. 20 5.83% $5,806
GUILD MORTGAGE COMPANY 15 5.46% $7,403
HOME POINT FINANCIAL CORPORATION 15 4.34% $5,462
U.S. Bank 15 4.35% $3,469
BROKER SOLUTIONS, INC. 14 4.99% $4,096
Northpointe Bank 8 5.56% $8,171
Mr. Cooper ( Nationstar Mortgage ) 8 3.97% $9,165
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 4.81% $4,712
AMCAP MORTGAGE, LTD. 7 4.77% $6,414
JPMorgan Chase Bank 6 4.14% $6,588
LAKEVIEW LOAN SERVICING, LLC 6 3.81% $2,596
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 3.88% $7,789
AMERICAN FINANCING CORPORATION 6 4.10% $5,549
PENNYMAC LOAN SERVICES, LLC 6 4.60% $7,932
FREEDOM MORTGAGE CORPORATION 5 4.18% $5,753
Bank of America 5 3.63% $6,017
Chicago Mortgage Solutions LLC 5 3.45% $2,455
Ent Credit Union 4 4.00% $2,686
BETTER MORTGAGE CORPORATION 4 3.41% $3,567
AMERICAN PACIFIC MORTGAGE CORPORATION 4 5.25% $4,017
AMERISAVE MORTGAGE CORPORATION 3 3.79% $7,541
NBKC BANK 3 3.83% $3,247
Flagstar Bank, FSB 3 4.68% $3,347
Loan Simple, Inc. 3 4.79% $4,489
Carrington Mortgage Services, LLC 3 4.92% $9,142
CHERRY CREEK MORTGAGE, LLC 3 4.38% $957
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 5.46% $9,833
The Huntington National Bank 3 4.62% $7,188
Truist 3 4.54% $5,526
CROSSCOUNTRY MORTGAGE, LLC 3 6.13% $5,442
Citibank 2 2.63% $8,002
Ally Bank 2 4.50% $3,122
Amerifirst Financial, Inc. 2 5.94% $2,771
AmeriHome Mortgage Company, LLC 2 3.68% $4,677
BMO Harris Bank 2 4.81% $5,708
CARDINAL FINANCIAL 2 4.50% $7,965
Charles Schwab Bank, SSB 2 4.18% $4,922
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION 2 5.19% $7,277
CRESCENT MORTGAGE COMPANY 2 4.56% $5,665
FINANCE OF AMERICA MORTGAGE LLC 2 4.06% $5,528
FirstBank 2 4.75% $16,614
GUARANTEED RATE, INC. 2 4.33% $8,352
KELLER MORTGAGE, LLC 2 3.63% $4,693
KeyBank 2 4.44% $11,184
Morgan Stanley Private Bank 2 3.55% $5,270
NBH Bank 2 4.43% $3,792
NEWREZ LLC 2 3.63% $4,354
NOVA FINANCIAL & INVESTMENT CORPORATION 2 5.94% $3,717
PLANET HOME LENDING, LLC 2 4.00% $3,177
PLAZA HOME MORTGAGE, INC. 2 3.88% $5,258
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.81% $3,859
Stifel Bank and Trust 2 4.88% $2,487
UNIVERSAL LENDING CORPORATION 2 6.19% $7,422
USAA Federal Savings Bank 2 5.63% $9,657
Waterstone Mortgage Corporation 2 4.50% $4,476
Wyndham Capital Mortgage, Inc. 2 5.18% $4,160
LOANPEOPLE, LLC 1 5.75% $9,532
First-Citizens Bank & Trust Company 1 3.43% $5,853
Umpqua Bank 1 5.75% $3,203
First Bank 1 5.38% $8,077
EVERETT FINANCIAL, INC. 1 4.88% $2,698
M&T Bank 1 6.50% $5,957
Nations Lending Corporation 1 3.50% $7,996
UNION HOME MORTGAGE CORP. 1 3.75% $3,100
EMM LOANS LLC 1 3.63% $8,693
Bank of England 1 7.25% $3,189
Elevations Credit Union 1 4.00% $3,399
Northwest Farm Credit Services, FLCA 1 3.60% $4,182
WESTERRA CREDIT UNION 1 4.88% $8,147
PARTNER COLORADO 1 4.50% $11,823
Peak Financial 1 5.50% $6,641
DIGITAL Federal Credit Union 1 2.88% $1,836
WINGS FINANCIAL 1 3.88% $3,558
Arvest Bank 1 4.63% $9,836
PNC Bank 1 4.88% $3,269
COLORAMO 1 4.38% $4,667
ZILLOW HOME LOANS, LLC 1 2.75% $4,101
PROVIDENT FUNDING ASSOCIATES, L.P. 1 3.38% $1,923
BOKF 1 5.13% $20,969
BNY Mellon 1 3.00% $5,793
SECURITY SERVICE 1 5.00% $1,966
Servion, Inc. 1 5.00% $4,151
SIRVA MORTGAGE, INC. 1 5.38% $1,745
Adams Bank & Trust 1 4.88% $5,968
SUMMIT FUNDING, INC. 1 5.75% $6,124
SWBC MORTGAGE CORPORATION 1 5.63% $0
The Central Trust Bank 1 3.25% $3,656
Barrington Bank & Trust Company, N.A. 1 4.38% $4,028
THRIVENT Federal Credit Union 1 3.75% $4,750
Toyota Financial Savings Bank 1 4.88% $2,940
Goldman Sachs Bank USA 1 2.40% $4,807
GUARANTEED RATE AFFINITY, LLC 1 3.25% $3,245
Bank of the West 1 4.25% $13,494
Glacier Bank 1 4.88% $2,232
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.00% $3,784
HOME MORTGAGE ALLIANCE, LLC 1 7.25% $2,531
Flanagan State Bank 1 3.50% $3,206
INTERCAP LENDING INC. 1 5.75% $8,014
INTERCOASTAL MORTGAGE COMPANY 1 3.88% $4,259
First National Bank 1 4.00% $3,386
UBS Bank USA 1 4.50% $4,463
UMB Bank 1 4.18% $2,866
KINECTA 1 4.00% $14,363
First Financial Bank 1 6.38% $2,796
FIRST COMMUNITY MORTGAGE, INC. 1 5.63% $7,873

Montrose Average Closing Costs & Other Stats

Montrose, CO's 116 lenders originated 1,619 loans during 2022. The total origination value was $492,995,000, with an average loan value of $304,506.

Montrose's average closing costs are $4,918.

The top Montrose lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with 102 loans originated. Their average total fees are $6,255, which is $23 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Montrose lenders (with over 10 loans originated) are U.S. Bank ($3,469), BAY EQUITY LLC ($4,087), BROKER SOLUTIONS, INC. ($4,096), CORNERSTONE HOME LENDING, INC. ($4,766) and Alpine Bank ($5,340).

The lowest rate Montrose lenders (with over 10 loans originated) are BAY EQUITY LLC (3.94%), LOANDEPOT.COM, LLC (4.04%), HOME POINT FINANCIAL CORPORATION (4.34%), U.S. Bank (4.35%) and Wells Fargo Bank (4.48%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
ACADEMY MORTGAGE CORPORATION $82,955,000 $50,530,000 -39.1% 10.2%
Alpine Bank $46,440,000 $40,480,000 -12.8% 8.2%
QUICKEN LOANS, LLC $75,900,000 $36,810,000 -51.5% 7.5%
S1L, Inc. $43,040,000 $28,265,000 -34.3% 5.7%
CORNERSTONE HOME LENDING, INC. $67,950,000 $23,440,000 -65.5% 4.8%
Bank of Colorado $8,985,000 $19,260,000 114.4% 3.9%
UNITED WHOLESALE MORTGAGE, LLC $26,830,000 $17,755,000 -33.8% 3.6%
Wells Fargo Bank $21,605,000 $17,345,000 -19.7% 3.5%
ANB Bank $685,000 $15,655,000 2,185.4% 3.2%
GENEVA FINANCIAL, LLC $5,675,000 $13,655,000 140.6% 2.8%
U.S. Bank $10,090,000 $11,290,000 11.9% 2.3%
LOANDEPOT.COM, LLC $10,450,000 $10,795,000 3.3% 2.2%
GUILD MORTGAGE COMPANY $32,745,000 $10,500,000 -67.9% 2.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $8,835,000 n/a 1.8%
BAY EQUITY LLC $38,040,000 $7,445,000 -80.4% 1.5%
Zions Bancorporation, N.A. $4,125,000 $6,885,000 66.9% 1.4%
HOME POINT FINANCIAL CORPORATION $8,460,000 $5,845,000 -30.9% 1.2%
Bank of America $735,000 $5,475,000 644.9% 1.1%
BROKER SOLUTIONS, INC. $6,080,000 $5,350,000 -12.0% 1.1%
PENNYMAC LOAN SERVICES, LLC $6,000,000 $4,170,000 -30.5% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $5,025,000 $4,050,000 -19.4% 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,425,000 $3,785,000 -55.1% 0.8%
MORTGAGE SOLUTIONS OF COLORADO, LLC $3,265,000 $3,725,000 14.1% 0.8%
Mortgage Research Center, LLC $6,280,000 $3,515,000 -44.0% 0.7%
Northpointe Bank $1,975,000 $3,400,000 72.2% 0.7%
CHERRY CREEK MORTGAGE, LLC $1,780,000 $3,175,000 78.4% 0.6%
JPMorgan Chase Bank $6,335,000 $3,165,000 -50.0% 0.6%
Ent Credit Union $920,000 $2,945,000 220.1% 0.6%
FREEDOM MORTGAGE CORPORATION $12,180,000 $2,940,000 -75.9% 0.6%
MUTUAL OF OMAHA MORTGAGE, INC. $2,165,000 $2,820,000 30.3% 0.6%
AMERICAN FINANCING CORPORATION $5,820,000 $2,755,000 -52.7% 0.6%
Bank of the West $3,240,000 $2,670,000 -17.6% 0.5%
USAA Federal Savings Bank $1,305,000 $2,565,000 96.6% 0.5%
AMCAP MORTGAGE, LTD. $4,275,000 $2,515,000 -41.2% 0.5%
LAKEVIEW LOAN SERVICING, LLC $3,450,000 $2,495,000 -27.7% 0.5%
GUARANTEED RATE, INC. $4,645,000 $2,360,000 -49.2% 0.5%
FirstBank $345,000 $2,320,000 572.5% 0.5%
Morgan Stanley Private Bank $2,310,000 n/a 0.5%
BELLCO $2,295,000 $2,260,000 -1.5% 0.5%
The Huntington National Bank $840,000 $2,215,000 163.7% 0.4%
NBH Bank $2,270,000 $2,090,000 -7.9% 0.4%
KeyBank $95,000 $2,035,000 2,042.1% 0.4%
REVERSE MORTGAGE FUNDING LLC $175,000 $2,015,000 1,051.4% 0.4%
Carrington Mortgage Services, LLC $1,895,000 $1,990,000 5.0% 0.4%
Commerce Home Mortgage, Inc. $945,000 $1,930,000 104.2% 0.4%
Barrington Bank & Trust Company, N.A. $255,000 $1,755,000 588.2% 0.4%
BMO Harris Bank $1,670,000 n/a 0.3%
Charles Schwab Bank, SSB $2,080,000 $1,670,000 -19.7% 0.3%
NEWREZ LLC $4,515,000 $1,655,000 -63.3% 0.3%
LONGBRIDGE FINANCIAL, LLC $270,000 $1,640,000 507.4% 0.3%
NBKC BANK $1,945,000 $1,635,000 -15.9% 0.3%
Chicago Mortgage Solutions LLC $155,000 $1,625,000 948.4% 0.3%
AMERICAN ADVISORS GROUP $1,830,000 $1,615,000 -11.7% 0.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $360,000 $1,600,000 344.4% 0.3%
BETTER MORTGAGE CORPORATION $8,140,000 $1,555,000 -80.9% 0.3%
NAVY FEDERAL CREDIT UNION $2,445,000 $1,550,000 -36.6% 0.3%
UMB Bank $95,000 $1,505,000 1,484.2% 0.3%
Flagstar Bank, FSB $1,190,000 $1,500,000 26.1% 0.3%
SECURITY SERVICE $495,000 $1,440,000 190.9% 0.3%
21ST MORTGAGE CORPORATION $675,000 $1,405,000 108.1% 0.3%
KINECTA $1,375,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $4,270,000 $1,350,000 -68.4% 0.3%
CALIBER HOME LOANS, INC. $2,585,000 $1,330,000 -48.5% 0.3%
PLAZA HOME MORTGAGE, INC. $6,765,000 $1,320,000 -80.5% 0.3%
PLANET HOME LENDING, LLC $895,000 $1,225,000 36.9% 0.2%
Loan Simple, Inc. $1,220,000 n/a 0.2%
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION $2,385,000 $1,210,000 -49.3% 0.2%
NOVA FINANCIAL & INVESTMENT CORPORATION $1,085,000 $1,195,000 10.1% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $3,185,000 $1,160,000 -63.6% 0.2%
Bell Bank $1,125,000 n/a 0.2%
UNION HOME MORTGAGE CORP. $565,000 $1,105,000 95.6% 0.2%
The Central Trust Bank $730,000 $1,035,000 41.8% 0.2%
Amerifirst Financial, Inc. $285,000 $1,010,000 254.4% 0.2%
Ally Bank $2,140,000 $1,000,000 -53.3% 0.2%
CRESCENT MORTGAGE COMPANY $1,830,000 $1,000,000 -45.4% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,235,000 $975,000 -21.1% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $3,165,000 $965,000 -69.5% 0.2%
First-Citizens Bank & Trust Company $955,000 n/a 0.2%
Truist $625,000 $945,000 51.2% 0.2%
KELLER MORTGAGE, LLC $2,180,000 $930,000 -57.3% 0.2%
MOUNTAIN AMERICA $765,000 $900,000 17.6% 0.2%
Flanagan State Bank $4,185,000 $880,000 -79.0% 0.2%
UNIVERSAL LENDING CORPORATION $1,285,000 $785,000 -38.9% 0.2%
Citibank $1,230,000 $780,000 -36.6% 0.2%
SWBC MORTGAGE CORPORATION $1,240,000 $780,000 -37.1% 0.2%
VILLAGE CAPITAL MORTGAGE $2,710,000 $765,000 -71.8% 0.2%
HUNT MORTGAGE CORPORATION $755,000 n/a 0.2%
Waterstone Mortgage Corporation $400,000 $730,000 82.5% 0.1%
Franklin Loan Corporation $305,000 $725,000 137.7% 0.1%
Nations Lending Corporation $1,265,000 $725,000 -42.7% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $1,165,000 $700,000 -39.9% 0.1%
ZILLOW HOME LOANS, LLC $535,000 $700,000 30.8% 0.1%
EVERETT FINANCIAL, INC. $305,000 $695,000 127.9% 0.1%
The Federal Savings Bank $1,410,000 $645,000 -54.3% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,825,000 $590,000 -67.7% 0.1%
Goldman Sachs Bank USA $585,000 n/a 0.1%
First National Bank $575,000 n/a 0.1%
Elevations Credit Union $2,315,000 $565,000 -75.6% 0.1%
WESTERRA CREDIT UNION $1,060,000 $565,000 -46.7% 0.1%
Stifel Bank and Trust $1,020,000 $560,000 -45.1% 0.1%
BNY Mellon $835,000 $555,000 -33.5% 0.1%
LOANPEOPLE, LLC $555,000 n/a 0.1%
INTERCAP LENDING INC. $545,000 n/a 0.1%
PHH Mortgage Corporation $525,000 $530,000 1.0% 0.1%
AmeriHome Mortgage Company, LLC $475,000 $520,000 9.5% 0.1%
Adams Bank & Trust $505,000 n/a 0.1%
UBS Bank USA $1,065,000 $505,000 -52.6% 0.1%
HOMEOWNERS FINANCIAL GROUP USA, LLC $495,000 n/a 0.1%
PARTNER COLORADO $205,000 $495,000 141.5% 0.1%
Glacier Bank $160,000 $485,000 203.1% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $475,000 n/a 0.1%
Armed Forces Bank $465,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $455,000 n/a 0.1%
Red Rocks Credit Union $130,000 $445,000 242.3% 0.1%
BOKF $620,000 $425,000 -31.5% 0.1%
INTERCOASTAL MORTGAGE COMPANY $425,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $1,440,000 $420,000 -70.8% 0.1%
Bank of England $415,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $415,000 $415,000 0.0% 0.1%
PNC Bank $545,000 $410,000 -24.8% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $405,000 n/a 0.1%
J. VIRGIL, INC. $405,000 n/a 0.1%
Umpqua Bank $405,000 n/a 0.1%
First Financial Bank $335,000 $395,000 17.9% 0.1%
Central Bank Illinois $385,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,465,000 $385,000 -73.7% 0.1%
WINGS FINANCIAL $285,000 $385,000 35.1% 0.1%
SIRVA MORTGAGE, INC. $255,000 $365,000 43.1% 0.1%
SPRING EQ, LLC $205,000 $365,000 78.0% 0.1%
Toyota Financial Savings Bank $365,000 n/a 0.1%
Third Federal Savings and Loan Association of Cleveland $205,000 $340,000 65.9% 0.1%
ALL REVERSE MORTGAGE, INC. $760,000 $325,000 -57.2% 0.1%
NFM, INC. $315,000 n/a 0.1%
SUMMIT FUNDING, INC. $305,000 n/a 0.1%
THRIVENT Federal Credit Union $245,000 $305,000 24.5% 0.1%
CONTOUR MORTGAGE CORPORATION $295,000 n/a 0.1%
HOME MORTGAGE ALLIANCE, LLC $390,000 $295,000 -24.4% 0.1%
Independent Bank $245,000 $295,000 20.4% 0.1%
PENTAGON FEDERAL CREDIT UNION $970,000 $295,000 -69.6% 0.1%
COLORAMO $590,000 $285,000 -51.7% 0.1%
The Union Bank Company $285,000 n/a 0.1%
CANVAS CREDIT UNION $465,000 $280,000 -39.8% 0.1%
DEEPHAVEN MORTGAGE LLC $275,000 n/a 0.1%
First Bank $275,000 n/a 0.1%
LOANPAL, LLC $1,310,000 $275,000 -79.0% 0.1%
M&T Bank $160,000 $275,000 71.9% 0.1%
THRIVE MORTGAGE, LLC $365,000 $275,000 -24.7% 0.1%
Arvest Bank $265,000 n/a 0.1%
CLEARPATH LENDING $1,030,000 $255,000 -75.2% 0.1%
MID AMERICA MORTGAGE, INC. $125,000 $245,000 96.0% 0.0%
Northwest Farm Credit Services, FLCA $245,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $955,000 $235,000 -75.4% 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $235,000 n/a 0.0%
BancFirst $225,000 n/a 0.0%
ENDEAVOR CAPITAL, LLC. $495,000 $225,000 -54.5% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $225,000 n/a 0.0%
NP, Inc. $145,000 $225,000 55.2% 0.0%
Old National Bank $225,000 n/a 0.0%
Grand Valley Bank $895,000 $215,000 -76.0% 0.0%
EMM LOANS LLC $205,000 n/a 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $205,000 n/a 0.0%
First National Bank of Omaha $205,000 n/a 0.0%
Peak Financial $185,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $310,000 $175,000 -43.5% 0.0%
QUORUM FEDERAL CREDIT UNION $175,000 n/a 0.0%
Servion, Inc. $175,000 n/a 0.0%
Sooper Credit Union $175,000 n/a 0.0%
Bethpage Federal Credit Union $165,000 n/a 0.0%
DIGITAL Federal Credit Union $165,000 n/a 0.0%
Discover Bank $225,000 $160,000 -28.9% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $1,140,000 $155,000 -86.4% 0.0%
TRIAD FINANCIAL SERVICES, INC. $270,000 $130,000 -51.9% 0.0%
PREMIER MEMBERS CREDIT UNION $570,000 $120,000 -78.9% 0.0%
NUMARK CREDIT UNION $105,000 n/a 0.0%
RESIDENTIAL BANCORP. $105,000 $95,000 -9.5% 0.0%
ALLIANT CREDIT UNION $175,000 $85,000 -51.4% 0.0%
Citywide Banks $75,000 n/a 0.0%
Figure Lending LLC $75,000 $75,000 0.0% 0.0%
ON TAP $75,000 n/a 0.0%
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION $75,000 n/a 0.0%
FIRST TECHNOLOGY $55,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%

Montrose's top lender by overall market share is ACADEMY MORTGAGE CORPORATION, with 10.2% market share. In second place, with 8.2%, is Alpine Bank, having originated $40,480,000 in loans. In third place, with 7.5%, is QUICKEN LOANS, LLC, having originated $36,810,000 in loans. In fourth place, with 5.7%, is S1L, Inc., having originated $28,265,000 in loans. In fifth place, with 4.8%, is CORNERSTONE HOME LENDING, INC., having originated $23,440,000 in loans.


Montrose Housing Market Trends (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 $423,675 (10.1%) $639,076 (14.6%) 0.00 308
2018-02-01 $434,475 (14.9%) $655,773 (17.8%) 0.00 298
2018-03-01 $437,000 (12.2%) $647,936 (16.0%) 0.00 307
2018-04-01 $424,944 (10.4%) $613,092 (12.7%) 0.00 342
2018-05-01 $425,125 (9.1%) $614,730 (11.7%) 0.00 372
2018-06-01 $429,450 (8.1%) $630,138 (12.7%) 0.00 392
2018-07-01 $423,825 (6.2%) $618,420 (12.2%) 0.00 418
2018-08-01 $424,925 (6.5%) $618,892 (9.6%) 0.00 441
2018-09-01 $423,750 (1.1%) $607,932 (4.5%) 0.00 442
2018-10-01 $400,725 (-5.5%) $623,369 (6.7%) 0.00 413
2018-11-01 $415,972 (-1.0%) $627,526 (7.5%) 0.00 395
2018-12-01 $429,000 (3.4%) $614,826 (0.4%) 0.00 370
2019-01-01 $427,000 (0.8%) $608,947 (-4.7%) 0.00 343
2019-02-01 $426,750 (-1.8%) $613,836 (-6.4%) 0.00 329
2019-03-01 $424,157 (-2.9%) $608,744 (-6.1%) 0.00 341
2019-04-01 $429,007 (1.0%) $614,292 (0.2%) 0.00 350
2019-05-01 $422,250 (-0.7%) $617,872 (0.5%) 0.00 374
2019-06-01 $425,000 (-1.0%) $606,483 (-3.8%) 0.00 404
2019-07-01 $425,000 (0.3%) $623,455 (0.8%) 0.00 419
2019-08-01 $426,418 (0.4%) $620,373 (0.2%) 0.00 416
2019-09-01 $428,545 (1.1%) $620,918 (2.1%) 0.00 408
2019-10-01 $427,364 (6.7%) $617,622 (-0.9%) 0.00 402
2019-11-01 $441,750 (6.2%) $637,557 (1.6%) 0.00 364
2019-12-01 $450,000 (4.9%) $669,220 (8.9%) 0.00 325
2020-01-01 $452,250 (5.9%) $675,585 (10.9%) 0.00 300
2020-02-01 $450,000 (5.5%) $673,337 (9.7%) 0.00 275
2020-03-01 $457,450 (7.9%) $689,053 (13.2%) 0.00 276
2020-04-01 $448,450 (4.5%) $670,619 (9.2%) 0.00 279
2020-05-01 $449,000 (6.3%) $642,191 (3.9%) 0.00 301
2020-06-01 $449,250 (5.7%) $629,646 (3.8%) 0.00 326
2020-07-01 $489,000 (15.1%) $664,546 (6.6%) 0.00 317
2020-08-01 $524,950 (23.1%) $725,017 (16.9%) 0.00 284
2020-09-01 $525,000 (22.5%) $780,688 (25.7%) 0.00 246
2020-10-01 $525,000 (22.9%) $779,029 (26.1%) 0.00 212
2020-11-01 $499,791 (13.1%) $786,080 (23.3%) 0.00 183
2020-12-01 $547,000 (21.6%) $876,620 (31.0%) 0.00 158
2021-01-01 $525,000 (16.1%) $909,525 (34.6%) 0.00 136
2021-02-01 $523,450 (16.3%) $900,365 (33.7%) 0.00 131
2021-03-01 $580,000 (26.8%) $910,339 (32.1%) 0.00 129
2021-04-01 $612,420 (36.6%) $969,039 (44.5%) 0.00 115
2021-05-01 $620,000 (38.1%) $973,222 (51.6%) 0.00 115
2021-06-01 $651,750 (45.1%) $883,429 (40.3%) 0.00 147
2021-07-01 $659,000 (34.8%) $903,975 (36.0%) 0.00 175
2021-08-01 $662,000 (26.1%) $941,369 (29.8%) 0.00 189
2021-09-01 $659,750 (25.7%) $952,041 (22.0%) 0.00 205
2021-10-01 $638,000 (21.5%) $944,251 (21.2%) 0.00 190
2021-11-01 $598,000 (19.7%) $1,033,501 (31.5%) 0.00 163
2021-12-01 $624,925 (14.3%) $1,068,521 (21.9%) 0.00 147
2022-01-01 $618,700 (17.9%) $1,069,694 (17.6%) 0.00 109
2022-02-01 $649,475 (24.1%) $1,108,325 (23.1%) 0.00 100
2022-03-01 $664,000 (14.5%) $1,086,715 (19.4%) 0.00 110
2022-04-01 $649,000 (6.0%) $1,031,289 (6.4%) 0.00 124
2022-05-01 $644,750 (4.0%) $1,023,205 (5.1%) 0.00 139
2022-06-01 $659,000 (1.1%) $1,046,080 (18.4%) 0.00 178
2022-07-01 $684,000 (3.8%) $1,027,447 (13.7%) 0.00 239
2022-08-01 $659,000 (-0.5%) $1,018,496 (8.2%) 0.00 248
2022-09-01 $649,497 (-1.6%) $1,006,702 (5.7%) 0.00 241
2022-10-01 $649,000 (1.7%) $1,021,378 (8.2%) 0.00 237
2022-11-01 $641,750 (7.3%) $910,261 (-11.9%) 0.00 228
2022-12-01 $630,000 (0.8%) $921,405 (-13.8%) 0.00 187
2023-01-01 $646,500 (4.5%) $952,673 (-10.9%) 0.00 158
2023-02-01 $656,750 (1.1%) $956,953 (-13.7%) 0.00 151
2023-03-01 $639,015 (-3.8%) $941,384 (-13.4%) 0.00 151
2023-04-01 $612,400 (-5.6%) $895,930 (-13.1%) 0.00 184
2023-05-01 $608,675 (-5.6%) $863,253 (-15.6%) 0.00 217
2023-06-01 $631,060 (-4.2%) $936,656 (-10.5%) 0.00 239
2023-07-01 $633,030 (-7.5%) $954,036 (-7.2%) 0.00 263
2023-08-01 $599,000 (-9.1%) $912,370 (-10.4%) 0.00 285
2023-09-01 $631,060 (-2.8%) $936,374 (-7.0%) 0.00 273
2023-10-01 $626,688 (-3.4%) $901,426 (-11.7%) 0.00 262
Montrose's median listing price for 2023-10-01 was $626,688, a difference of $-22,312 (-3.4%) versus the prior year and $-4,372 versus the prior month.

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

Montrose's average listing price for 2023-10-01 was $901,426, a difference of $-119,952 (-11.7%) versus the prior year and $-34,948 versus the prior month.

For the 2023-10-01 period, Montrose had 262 MLS listings, a difference of -11 listings (-4%) versus the prior month and 25 listings (11%) 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 2,175 sqft
2018-02-01 0 days 2,224 sqft
2018-03-01 0 days 2,168 sqft
2018-04-01 0 days 2,146 sqft
2018-05-01 0 days 2,146 sqft
2018-06-01 0 days 2,144 sqft
2018-07-01 0 days 2,165 sqft
2018-08-01 0 days 2,167 sqft
2018-09-01 0 days 2,148 sqft
2018-10-01 0 days 2,174 sqft
2018-11-01 0 days 2,191 sqft
2018-12-01 0 days 2,244 sqft
2019-01-01 0 days 2,204 sqft
2019-02-01 0 days 2,212 sqft
2019-03-01 0 days 2,193 sqft
2019-04-01 0 days 2,216 sqft
2019-05-01 0 days 2,227 sqft
2019-06-01 0 days 2,192 sqft
2019-07-01 0 days 2,130 sqft
2019-08-01 0 days 2,110 sqft
2019-09-01 0 days 2,106 sqft
2019-10-01 0 days 2,094 sqft
2019-11-01 0 days 2,078 sqft
2019-12-01 0 days 2,094 sqft
2020-01-01 0 days 2,095 sqft
2020-02-01 0 days 2,042 sqft
2020-03-01 0 days 2,107 sqft
2020-04-01 0 days 2,129 sqft
2020-05-01 0 days 2,107 sqft
2020-06-01 0 days 2,170 sqft
2020-07-01 0 days 2,169 sqft
2020-08-01 0 days 2,336 sqft
2020-09-01 0 days 2,309 sqft
2020-10-01 0 days 2,316 sqft
2020-11-01 0 days 2,333 sqft
2020-12-01 0 days 2,403 sqft
2021-01-01 0 days 2,400 sqft
2021-02-01 0 days 2,392 sqft
2021-03-01 0 days 2,333 sqft
2021-04-01 0 days 2,279 sqft
2021-05-01 0 days 2,324 sqft
2021-06-01 0 days 2,171 sqft
2021-07-01 0 days 2,204 sqft
2021-08-01 0 days 2,196 sqft
2021-09-01 0 days 2,181 sqft
2021-10-01 0 days 2,117 sqft
2021-11-01 0 days 2,097 sqft
2021-12-01 0 days 2,043 sqft
2022-01-01 0 days 2,005 sqft
2022-02-01 0 days 2,067 sqft
2022-03-01 0 days 2,100 sqft
2022-04-01 0 days 1,984 sqft
2022-05-01 0 days 2,008 sqft
2022-06-01 0 days 1,976 sqft
2022-07-01 0 days 1,983 sqft
2022-08-01 0 days 2,041 sqft
2022-09-01 0 days 2,052 sqft
2022-10-01 0 days 2,106 sqft
2022-11-01 0 days 2,145 sqft
2022-12-01 0 days 2,144 sqft
2023-01-01 0 days 2,156 sqft
2023-02-01 0 days 2,112 sqft
2023-03-01 0 days 1,986 sqft
2023-04-01 0 days 1,944 sqft
2023-05-01 0 days 1,988 sqft
2023-06-01 0 days 2,035 sqft
2023-07-01 0 days 2,032 sqft
2023-08-01 0 days 1,992 sqft
2023-09-01 0 days 2,017 sqft
2023-10-01 0 days 2,014 sqft
Montrose's median listing age (time on market) for 2023-10-01 was 0 days.

Montrose's median square footage for active listings during the 2023-10-01 period was 2,014 sqft. One year prior, the average listing was 2,106 sqft.

Montrose, CO Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 788 $286,280,000 $363,299
Cash Out Refi 350 $98,980,000 $282,800
Refi 224 $68,210,000 $304,509
Home Improvement 148 $19,680,000 $132,973
Other 109 $19,845,000 $182,064

Montrose's most frequently cited loan purpose was Home Purchase, with 788 originations. The 2nd most popular reason was Cash Out Refi, with 350 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 438 $134,140,000 $306,256
4-5% 381 $129,305,000 $339,383
5-6% 377 $121,505,000 $322,294
6-7% 186 $43,610,000 $234,462
2.5-3% 82 $26,020,000 $317,317
<2.5% 75 $8,595,000 $114,600
7-8% 48 $11,310,000 $235,625
Over 8% 28 $2,840,000 $101,429

During 2022, Montrose's most frequently originated rate bucket was 3-4%, with 438 originations.

Loan Sizing (Montrose, CO MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 769 $219,805,000 $285,832
$100k-200k 273 $40,925,000 $149,908
$400k-600k 243 $116,155,000 $478,004
$100,000 or less 232 $11,010,000 $47,457
$600k-1000k 80 $56,450,000 $705,625
$Over $1MM 22 $48,650,000 $2,211,364

Montrose's loan sizing saw the bucket of loans from $200k-400k with 769 originations, totaling $219,805,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 465 $174,825,000 $375,968
80-100% 430 $163,250,000 $379,651
40-60% 294 $86,660,000 $294,762
Under 20% 220 $12,100,000 $55,000
20-40% 190 $35,660,000 $187,684
Over 100% 8 $3,350,000 $418,750

Montrose's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 465 originations, totaling $174,825,000 in origination value.