Montrose Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Montrose averaged 6.68% for the week of 2025-02-13, compared to the national average of 6.87% for the same period.

    The average rate for the prior week (2025-02-06) was 7.1% and one month ago for the week of 2025-01-09, the average rate was 7.04%.

    Montrose's average rate one year ago was 6.55%.

    For refis of the same type during the week of 2025-02-13, the average rate was 6.87%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-02-13 6.87%
    Montrose 30 Year Fixed Rate 2025-02-13 6.68%
    Montrose 30 Year Fixed Rate Refi 2025-02-13 6.87%
    Montrose 15 Year Fixed Rate 2025-02-13 6.19%
    Montrose 15 Year Fixed Rate Refi 2025-02-13 5.99%
    Montrose 30 Year FHA 2025-02-13 6.45%
    Montrose 30 Year FHA Refi 2025-02-13 6.52%
    Montrose 30 Year USDA 2025-02-13 6.43%
    Montrose 30 Year USDA Refi 2025-02-13 6.73%
    Montrose 30 Year VA 2025-02-13 6.43%
    Montrose 30 Year VA Refi 2025-02-13 6.53%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    S1L, Inc. 47 6.60% $10,185
    ACADEMY MORTGAGE CORPORATION 35 7.02% $7,519
    UNITED WHOLESALE MORTGAGE, LLC 31 6.75% $8,881
    CORNERSTONE HOME LENDING, INC. 28 6.90% $6,517
    QUICKEN LOANS, LLC 26 6.73% $6,707
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 19 7.04% $7,760
    GUILD MORTGAGE COMPANY 12 6.92% $6,005
    GENEVA FINANCIAL, LLC 10 7.31% $7,422
    U.S. Bank 8 6.51% $5,367
    Wells Fargo Bank 7 7.07% $3,891
    Alpine Bank 7 7.44% $3,142
    Bank of Colorado 6 6.83% $5,238
    CMG MORTGAGE, INC. 6 7.10% $5,049
    BROKER SOLUTIONS, INC. 5 6.80% $5,062
    NAVY FEDERAL CREDIT UNION 4 6.28% $4,755
    Morgan Stanley Private Bank 3 5.77% $3,254
    PLAZA HOME MORTGAGE, INC. 3 6.88% $4,410
    Mr. Cooper ( Nationstar Mortgage ) 3 6.45% $6,919
    The Huntington National Bank 3 6.38% $5,080
    CROSSCOUNTRY MORTGAGE, LLC 3 6.94% $6,212
    NEWREZ LLC 3 6.04% $11,118
    LOANDEPOT.COM, LLC 3 6.46% $6,755
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.13% $3,135
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.75% $4,012
    AMERISAVE MORTGAGE CORPORATION 3 6.13% $7,810
    ON TAP 3 6.75% $2,143
    CHURCHILL MORTGAGE CORPORATION 2 7.49% $8,915
    Ent Credit Union 2 5.88% $2,705
    NBKC BANK 2 7.38% $2,162
    Northpointe Bank 2 7.19% $4,936
    Farm Credit Mid-America, ACA 2 7.63% $10,472
    AMCAP MORTGAGE, LTD. 2 7.50% $8,477
    BMO Harris Bank 2 6.63% $4,660
    Bank of America 2 6.63% $3,636
    GUARANTY HOME MORTGAGE CORPORATION 2 7.25% $4,496
    BAY EQUITY LLC 2 6.18% $5,971
    BETTER MORTGAGE CORPORATION 2 5.38% $17,308
    PREMIER MEMBERS CREDIT UNION 1 4.88% $5,237
    PULTE MORTGAGE LLC 1 5.88% $1,709
    ROYAL UNITED MORTGAGE LLC 1 7.00% $9,146
    Sandy Spring Bank 1 6.99% $5,318
    Sierra Pacific Mortgage Company, Inc. 1 6.88% $3,727
    SWBC MORTGAGE CORPORATION 1 6.75% $2,170
    The Central Trust Bank 1 7.38% $4,086
    TRUMARK FINANCIAL CREDIT UNION 1 5.88% $2,600
    UBS Bank USA 1 5.50% $3,286
    USAA Federal Savings Bank 1 6.25% $3,396
    Valley National Bank 1 6.88% $3,741
    ZILLOW HOME LOANS, LLC 1 6.88% $3,023
    Zions Bank 1 5.38% $3,671
    ALLIANT CREDIT UNION 1 5.50% $17,602
    AMERICAN FINANCING CORPORATION 1 6.13% $7,932
    ANB Bank 1 6.75% $1,808
    BancorpSouth 1 7.75% $14,955
    CALIBER HOME LOANS, INC. 1 5.99% $7,505
    CANVAS CREDIT UNION 1 7.50% $2,575
    CARDINAL FINANCIAL 1 6.99% $2,173
    CHERRY CREEK MORTGAGE, LLC 1 6.88% $149
    COLORAMO 1 5.75% $10,842
    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION 1 5.88% $4,696
    CREDIT UNION WEST 1 5.88% $5,074
    Discover Bank 1 6.24% $0
    DRAPER AND KRAMER MORTGAGE CORP. 1 7.38% $5,137
    Elevations Credit Union 1 6.50% $3,298
    Firefighters First Federal Credit Union 1 5.25% $2,053
    First Federal Bank 1 6.00% $2,830
    First United Bank and Trust Company 1 7.63% $6,751
    FREEDOM MORTGAGE CORPORATION 1 5.75% $7,966
    Glacier Bank 1 7.38% $2,540
    Grand Valley Bank 1 6.50% $3,301
    GROUP MORTGAGE, LLC 1 6.88% $14,468
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 8.25% $3,647
    JPMorgan Chase Bank 1 6.13% $4,086
    LADERA LENDING, INC. 1 7.13% $10,437
    M2 Lending Solutions, LLC 1 6.63% $3,095
    MEGASTAR FINANCIAL CORP. 1 6.50% $4,897
    Mortgage Research Center, LLC 1 7.25% $8,641
    M&T Bank 1 6.88% $10,386
    NBH Bank 1 5.88% $4,087
    NMSI, INC. 1 6.88% $6,406
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.13% $3,122
    Origin Bank 1 7.75% $4,547
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.50% $17,716
    PENNYMAC LOAN SERVICES, LLC 1 6.00% $14,889
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $2,810
    PNC Bank 1 5.88% $4,339

    Montrose Average Closing Costs & Other Stats

    Montrose, CO's 86 lenders originated 983 loans during 2023. The total origination value was $285,515,000, with an average loan value of $290,453.

    Montrose's average closing costs are $5,170.

    The top Montrose lender as defined by loan originations is S1L, Inc., with 47 loans originated. Their average total fees are $10,185, which is $2,666 higher than the next largest lender, ACADEMY MORTGAGE CORPORATION.

    The lowest fee Montrose lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($6,005), CORNERSTONE HOME LENDING, INC. ($6,517), QUICKEN LOANS, LLC ($6,707), GENEVA FINANCIAL, LLC ($7,422) and ACADEMY MORTGAGE CORPORATION ($7,519).

    The lowest rate Montrose lenders (with over 10 loans originated) are S1L, Inc. (6.60%), QUICKEN LOANS, LLC (6.73%), UNITED WHOLESALE MORTGAGE, LLC (6.75%), CORNERSTONE HOME LENDING, INC. (6.90%) and GUILD MORTGAGE COMPANY (6.92%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    ACADEMY MORTGAGE CORPORATION $50,530,000 $32,530,000 -35.6% 11.4%
    S1L, Inc. $28,265,000 $23,420,000 -17.1% 8.2%
    INTERNATIONAL BANK $18,705,000 n/a 6.6%
    UNITED WHOLESALE MORTGAGE, LLC $17,755,000 $17,170,000 -3.3% 6.0%
    CORNERSTONE HOME LENDING, INC. $23,440,000 $14,805,000 -36.8% 5.2%
    QUICKEN LOANS, LLC $36,810,000 $14,275,000 -61.2% 5.0%
    Alpine Bank $40,480,000 $10,630,000 -73.7% 3.7%
    Bank of Colorado $19,260,000 $9,315,000 -51.6% 3.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $8,835,000 $8,385,000 -5.1% 2.9%
    GENEVA FINANCIAL, LLC $13,655,000 $6,695,000 -51.0% 2.3%
    Zions Bank $6,885,000 $5,380,000 -21.9% 1.9%
    BMO Harris Bank $1,670,000 $4,770,000 185.6% 1.7%
    U.S. Bank $11,290,000 $4,635,000 -58.9% 1.6%
    21ST MORTGAGE CORPORATION $1,405,000 $4,070,000 189.7% 1.4%
    NAVY FEDERAL CREDIT UNION $1,550,000 $3,770,000 143.2% 1.3%
    GUILD MORTGAGE COMPANY $10,500,000 $3,725,000 -64.5% 1.3%
    Mortgage Research Center, LLC $3,515,000 $3,230,000 -8.1% 1.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $3,725,000 $3,175,000 -14.8% 1.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,785,000 $3,125,000 -17.4% 1.1%
    Wells Fargo Bank $17,345,000 $3,120,000 -82.0% 1.1%
    CMG MORTGAGE, INC. $3,000,000 n/a 1.1%
    BROKER SOLUTIONS, INC. $5,350,000 $2,880,000 -46.2% 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $4,050,000 $2,625,000 -35.2% 0.9%
    LOANDEPOT.COM, LLC $10,795,000 $2,335,000 -78.4% 0.8%
    Morgan Stanley Private Bank $2,310,000 $2,325,000 0.6% 0.8%
    PENNYMAC LOAN SERVICES, LLC $4,170,000 $2,310,000 -44.6% 0.8%
    The Huntington National Bank $2,215,000 $2,280,000 2.9% 0.8%
    Farm Credit Mid-America, ACA $2,120,000 n/a 0.7%
    NBH Bank $2,090,000 $2,000,000 -4.3% 0.7%
    FREEDOM MORTGAGE CORPORATION $2,940,000 $1,875,000 -36.2% 0.7%
    CROSSCOUNTRY MORTGAGE, LLC $1,160,000 $1,820,000 56.9% 0.6%
    BELLCO $2,260,000 $1,685,000 -25.4% 0.6%
    USAA Federal Savings Bank $2,565,000 $1,515,000 -40.9% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $2,820,000 $1,495,000 -47.0% 0.5%
    HomeBank Texas $1,445,000 n/a 0.5%
    AMCAP MORTGAGE, LTD. $2,515,000 $1,390,000 -44.7% 0.5%
    BAY EQUITY LLC $7,445,000 $1,315,000 -82.3% 0.5%
    Origin Bank $1,285,000 n/a 0.5%
    AMERISAVE MORTGAGE CORPORATION $1,350,000 $1,165,000 -13.7% 0.4%
    The Central Trust Bank $1,035,000 $1,125,000 8.7% 0.4%
    LADERA LENDING, INC. $1,105,000 n/a 0.4%
    BETTER MORTGAGE CORPORATION $1,555,000 $1,090,000 -29.9% 0.4%
    NEWREZ LLC $1,655,000 $1,085,000 -34.4% 0.4%
    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION $1,210,000 $1,080,000 -10.7% 0.4%
    Elevations Credit Union $565,000 $1,060,000 87.6% 0.4%
    Bank of America $5,475,000 $1,055,000 -80.7% 0.4%
    BancorpSouth $1,005,000 n/a 0.4%
    GUARANTEED RATE, INC. $2,360,000 $985,000 -58.3% 0.3%
    Ent Credit Union $2,945,000 $975,000 -66.9% 0.3%
    PLAZA HOME MORTGAGE, INC. $1,320,000 $945,000 -28.4% 0.3%
    UBS Bank USA $505,000 $915,000 81.2% 0.3%
    ON TAP $75,000 $910,000 1,113.3% 0.3%
    PNC Bank $410,000 $860,000 109.8% 0.3%
    PENTAGON FEDERAL CREDIT UNION $295,000 $845,000 186.4% 0.3%
    LONGBRIDGE FINANCIAL, LLC $1,640,000 $815,000 -50.3% 0.3%
    FINANCE OF AMERICA REVERSE LLC $235,000 $805,000 242.6% 0.3%
    CHERRY CREEK MORTGAGE, LLC $3,175,000 $800,000 -74.8% 0.3%
    CHURCHILL MORTGAGE CORPORATION $790,000 n/a 0.3%
    V.I.P. MORTGAGE, INC. $780,000 n/a 0.3%
    ALLIANT CREDIT UNION $85,000 $725,000 752.9% 0.3%
    First United Bank and Trust Company $725,000 n/a 0.3%
    United Bank $705,000 n/a 0.2%
    The Federal Savings Bank $645,000 $700,000 8.5% 0.2%
    GUARANTY HOME MORTGAGE CORPORATION $670,000 n/a 0.2%
    Discover Bank $160,000 $655,000 309.4% 0.2%
    Valley National Bank $655,000 n/a 0.2%
    PREMIER MEMBERS CREDIT UNION $120,000 $650,000 441.7% 0.2%
    Barrington Bank & Trust Company, N.A. $1,755,000 $625,000 -64.4% 0.2%
    Figure Lending LLC $75,000 $590,000 686.7% 0.2%
    BOKF $425,000 $545,000 28.2% 0.2%
    Glacier Bank $485,000 $540,000 11.3% 0.2%
    PHH Mortgage Corporation $530,000 $535,000 0.9% 0.2%
    DRAPER AND KRAMER MORTGAGE CORP. $510,000 n/a 0.2%
    GROUP MORTGAGE, LLC $505,000 n/a 0.2%
    PULTE MORTGAGE LLC $505,000 n/a 0.2%
    NBKC BANK $1,635,000 $500,000 -69.4% 0.2%
    INTERCAP LENDING INC. $545,000 $495,000 -9.2% 0.2%
    Flagstar Bank, FSB $1,500,000 $475,000 -68.3% 0.2%
    COLORAMO $285,000 $465,000 63.2% 0.2%
    Nations Lending Corporation $725,000 $455,000 -37.2% 0.2%
    GUARANTEED RATE AFFINITY, LLC $455,000 $435,000 -4.4% 0.2%
    CALIBER HOME LOANS, INC. $1,330,000 $415,000 -68.8% 0.1%
    M2 Lending Solutions, LLC $415,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $130,000 $410,000 215.4% 0.1%
    ANB Bank $15,655,000 $400,000 -97.4% 0.1%
    Carrington Mortgage Services, LLC $1,990,000 $395,000 -80.2% 0.1%
    CREDIT UNION WEST $395,000 n/a 0.1%
    Coastal Community Bank $390,000 n/a 0.1%
    UNIVERSAL LENDING CORPORATION $785,000 $385,000 -51.0% 0.1%
    AMERICAN FINANCING CORPORATION $2,755,000 $380,000 -86.2% 0.1%
    LOANPAL, LLC $275,000 $380,000 38.2% 0.1%
    PACIFIC RESIDENTIAL MORTGAGE, LLC $375,000 n/a 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $225,000 $355,000 57.8% 0.1%
    Sandy Spring Bank $355,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $765,000 $355,000 -53.6% 0.1%
    Great Plains National Bank $345,000 n/a 0.1%
    RESIDENTIAL BANCORP $95,000 $340,000 257.9% 0.1%
    Network Funding, L.P. $325,000 n/a 0.1%
    Sierra Pacific Mortgage Company, Inc. $325,000 n/a 0.1%
    WESTERRA CREDIT UNION $565,000 $315,000 -44.2% 0.1%
    Loan Simple, Inc. $1,220,000 $305,000 -75.0% 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $300,000 n/a 0.1%
    Charles Schwab Bank, SSB $1,670,000 $295,000 -82.3% 0.1%
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED $295,000 n/a 0.1%
    TRUMARK FINANCIAL CREDIT UNION $295,000 n/a 0.1%
    Northpointe Bank $3,400,000 $290,000 -91.5% 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $285,000 n/a 0.1%
    CARDINAL FINANCIAL $975,000 $285,000 -70.8% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $475,000 $285,000 -40.0% 0.1%
    Honor Credit Union $285,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $385,000 $275,000 -28.6% 0.1%
    LENDINGHOME FUNDING CORPORATION $275,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $700,000 $275,000 -60.7% 0.1%
    EMM LOANS LLC $205,000 $265,000 29.3% 0.1%
    Grand Valley Bank $215,000 $265,000 23.3% 0.1%
    Century Mortgage Company DBA Century Lending Company $255,000 n/a 0.1%
    Firefighters First Federal Credit Union $255,000 n/a 0.1%
    Stifel Bank and Trust $560,000 $255,000 -54.5% 0.1%
    JPMorgan Chase Bank $3,165,000 $250,000 -92.1% 0.1%
    ROYAL UNITED MORTGAGE LLC $250,000 n/a 0.1%
    First Federal Bank $245,000 n/a 0.1%
    M&T Bank $275,000 $245,000 -10.9% 0.1%
    SWBC MORTGAGE CORPORATION $780,000 $245,000 -68.6% 0.1%
    CANVAS CREDIT UNION $280,000 $240,000 -14.3% 0.1%
    AMWEST FUNDING CORP. $235,000 n/a 0.1%
    MEGASTAR FINANCIAL CORP. $235,000 n/a 0.1%
    AIR ACADEMY $225,000 n/a 0.1%
    Equity Prime Mortgage LLC $225,000 n/a 0.1%
    NMSI, INC. $205,000 n/a 0.1%
    NOVA FINANCIAL & INVESTMENT CORPORATION $1,195,000 $205,000 -82.8% 0.1%
    Advisors Mortgage Group, L.L.C. $185,000 n/a 0.1%
    Independent Bank $295,000 $175,000 -40.7% 0.1%
    THRIVE MORTGAGE, LLC $275,000 $165,000 -40.0% 0.1%
    MOUNTAIN AMERICA $900,000 $155,000 -82.8% 0.1%
    Sooper Credit Union $175,000 $150,000 -14.3% 0.1%
    Oakstar Bank $145,000 n/a 0.1%
    SECURITY SERVICE $1,440,000 $145,000 -89.9% 0.1%
    CORNING $105,000 n/a 0.0%
    QUORUM FEDERAL CREDIT UNION $175,000 $75,000 -57.1% 0.0%
    Utah Power $65,000 n/a 0.0%
    FOUR POINTS $55,000 n/a 0.0%
    Red Rocks Credit Union $445,000 $55,000 -87.6% 0.0%
    Credit Union of Denver $45,000 n/a 0.0%
    Commerce Bank $35,000 n/a 0.0%
    PARTNER COLORADO $495,000 $25,000 -94.9% 0.0%

    Montrose's top lender by overall market share is ACADEMY MORTGAGE CORPORATION, with 11.4% market share. In second place, with 8.2%, is S1L, Inc., having originated $23,420,000 in loans. In third place, with 6.6%, is INTERNATIONAL BANK, having originated $18,705,000 in loans. In fourth place, with 6.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $17,170,000 in loans. In fifth place, with 5.2%, is CORNERSTONE HOME LENDING, INC., having originated $14,805,000 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 $348,444 (16.2%) $499,835 (21.0%) 0.00 220
    2018-02-01 $365,000 (21.7%) $516,025 (26.9%) 0.00 214
    2018-03-01 $378,500 (21.7%) $518,227 (26.6%) 0.00 218
    2018-04-01 $364,250 (21.5%) $473,008 (19.6%) 0.00 245
    2018-05-01 $374,950 (15.0%) $466,434 (10.3%) 0.00 265
    2018-06-01 $384,900 (17.5%) $475,672 (10.1%) 0.00 274
    2018-07-01 $361,117 (9.8%) $470,467 (7.5%) 0.00 289
    2018-08-01 $354,550 (0.0%) $478,289 (6.2%) 0.00 302
    2018-09-01 $329,000 (-12.3%) $460,605 (-2.6%) 0.00 302
    2018-10-01 $329,000 (-12.4%) $467,828 (-2.1%) 0.00 286
    2018-11-01 $329,950 (-11.6%) $479,036 (0.5%) 0.00 282
    2018-12-01 $339,000 (-2.7%) $486,101 (0.5%) 0.00 267
    2019-01-01 $330,425 (-5.2%) $471,988 (-5.6%) 0.00 247
    2019-02-01 $324,450 (-11.1%) $458,323 (-11.2%) 0.00 237
    2019-03-01 $345,286 (-8.8%) $463,565 (-10.6%) 0.00 248
    2019-04-01 $377,000 (3.5%) $484,234 (2.4%) 0.00 254
    2019-05-01 $377,475 (0.7%) $493,266 (5.8%) 0.00 270
    2019-06-01 $384,000 (-0.2%) $488,917 (2.8%) 0.00 298
    2019-07-01 $378,538 (4.8%) $509,156 (8.2%) 0.00 306
    2019-08-01 $370,727 (4.6%) $514,153 (7.5%) 0.00 304
    2019-09-01 $368,068 (11.9%) $528,432 (14.7%) 0.00 296
    2019-10-01 $362,625 (10.2%) $529,376 (13.2%) 0.00 291
    2019-11-01 $359,000 (8.8%) $533,084 (11.3%) 0.00 263
    2019-12-01 $370,475 (9.3%) $554,837 (14.1%) 0.00 237
    2020-01-01 $375,225 (13.6%) $560,069 (18.7%) 0.00 224
    2020-02-01 $366,000 (12.8%) $547,117 (19.4%) 0.00 206
    2020-03-01 $389,965 (12.9%) $570,367 (23.0%) 0.00 204
    2020-04-01 $395,000 (4.8%) $583,538 (20.5%) 0.00 206
    2020-05-01 $389,965 (3.3%) $545,066 (10.5%) 0.00 222
    2020-06-01 $393,741 (2.5%) $533,691 (9.2%) 0.00 231
    2020-07-01 $395,000 (4.4%) $557,745 (9.5%) 0.00 223
    2020-08-01 $415,500 (12.1%) $618,927 (20.4%) 0.00 192
    2020-09-01 $444,745 (20.8%) $633,066 (19.8%) 0.00 172
    2020-10-01 $458,950 (26.6%) $610,138 (15.3%) 0.00 152
    2020-11-01 $467,250 (30.2%) $611,417 (14.7%) 0.00 131
    2020-12-01 $481,500 (30.0%) $701,906 (26.5%) 0.00 108
    2021-01-01 $484,000 (29.0%) $704,004 (25.7%) 0.00 105
    2021-02-01 $483,500 (32.1%) $703,820 (28.6%) 0.00 102
    2021-03-01 $497,450 (27.6%) $721,358 (26.5%) 0.00 100
    2021-04-01 $554,450 (40.4%) $745,464 (27.8%) 0.00 91
    2021-05-01 $569,000 (45.9%) $787,676 (44.5%) 0.00 84
    2021-06-01 $555,748 (41.2%) $805,185 (50.9%) 0.00 101
    2021-07-01 $547,450 (38.6%) $780,456 (39.9%) 0.00 123
    2021-08-01 $574,325 (38.2%) $789,087 (27.5%) 0.00 137
    2021-09-01 $540,725 (21.6%) $775,371 (22.5%) 0.00 148
    2021-10-01 $525,000 (14.4%) $759,632 (24.5%) 0.00 145
    2021-11-01 $520,305 (11.4%) $867,297 (41.9%) 0.00 125
    2021-12-01 $526,450 (9.3%) $895,781 (27.6%) 0.00 115
    2022-01-01 $549,000 (13.4%) $895,506 (27.2%) 0.00 88
    2022-02-01 $580,000 (20.0%) $924,650 (31.4%) 0.00 76
    2022-03-01 $599,175 (20.5%) $902,950 (25.2%) 0.00 84
    2022-04-01 $532,450 (-4.0%) $881,500 (18.3%) 0.00 98
    2022-05-01 $525,000 (-7.7%) $823,326 (4.5%) 0.00 106
    2022-06-01 $503,950 (-9.3%) $820,827 (1.9%) 0.00 128
    2022-07-01 $525,000 (-4.1%) $798,648 (2.3%) 0.00 175
    2022-08-01 $559,000 (-2.7%) $847,454 (7.4%) 0.00 192
    2022-09-01 $583,000 (7.8%) $865,930 (11.7%) 0.00 193
    2022-10-01 $574,999 (9.5%) $859,445 (13.1%) 0.00 186
    2022-11-01 $575,000 (10.5%) $777,618 (-10.3%) 0.00 181
    2022-12-01 $569,450 (8.2%) $745,257 (-16.8%) 0.00 150
    2023-01-01 $576,425 (5.0%) $779,330 (-13.0%) 0.00 126
    2023-02-01 $589,750 (1.7%) $790,731 (-14.5%) 0.00 116
    2023-03-01 $592,000 (-1.2%) $790,334 (-12.5%) 0.00 120
    2023-04-01 $559,450 (5.1%) $743,850 (-15.6%) 0.00 149
    2023-05-01 $556,630 (6.0%) $739,827 (-10.1%) 0.00 173
    2023-06-01 $569,950 (13.1%) $746,867 (-9.0%) 0.00 182
    2023-07-01 $555,840 (5.9%) $757,061 (-5.2%) 0.00 200
    2023-08-01 $537,700 (-3.8%) $724,319 (-14.5%) 0.00 223
    2023-09-01 $550,000 (-5.7%) $765,860 (-11.6%) 0.00 217
    2023-10-01 $549,975 (-4.4%) $737,850 (-14.2%) 0.00 206
    2023-11-01 $549,950 (-4.4%) $755,776 (-2.8%) 0.00 197
    2023-12-01 $558,000 (-2.0%) $788,142 (5.8%) 0.00 189
    2024-01-01 $575,000 (-0.3%) $845,892 (8.5%) 0.00 175
    2024-02-01 $629,225 (6.7%) $855,751 (8.2%) 0.00 170
    2024-03-01 $630,000 (6.4%) $854,515 (8.1%) 0.00 170
    2024-04-01 $603,675 (7.9%) $847,150 (13.9%) 0.00 196
    2024-05-01 $607,450 (9.1%) $810,243 (9.5%) 0.00 201
    2024-06-01 $599,900 (5.3%) $812,848 (8.8%) 0.00 229
    2024-07-01 $579,900 (4.3%) $787,957 (4.1%) 0.00 258
    2024-08-01 $575,000 (6.9%) $751,202 (3.7%) 0.00 253
    2024-09-01 $551,825 (0.3%) $739,148 (-3.5%) 0.00 252
    2024-10-01 $567,000 (3.1%) $738,070 (0.0%) 0.00 244
    2024-11-01 $569,900 (3.6%) $763,827 (1.1%) 0.00 230
    2024-12-01 $563,425 (1.0%) $794,433 (0.8%) 0.00 213
    2025-01-01 $540,950 (-5.9%) $777,153 (-8.1%) 0.00 186
    Montrose's median listing price for 2025-01-01 was $540,950, a difference of $-34,050 (-5.9%) versus the prior year and $-22,475 versus the prior month.

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

    Montrose's average listing price for 2025-01-01 was $777,153, a difference of $-68,739 (-8.1%) versus the prior year and $-17,280 versus the prior month.

    For the 2025-01-01 period, Montrose had 186 MLS listings, a difference of -27 listings (-13%) versus the prior month and 11 listings (6%) 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 2,092 sqft
    2018-02-01 0 days 2,091 sqft
    2018-03-01 0 days 2,102 sqft
    2018-04-01 0 days 2,035 sqft
    2018-05-01 0 days 2,001 sqft
    2018-06-01 0 days 1,946 sqft
    2018-07-01 0 days 1,950 sqft
    2018-08-01 0 days 1,911 sqft
    2018-09-01 0 days 1,901 sqft
    2018-10-01 0 days 1,909 sqft
    2018-11-01 0 days 1,919 sqft
    2018-12-01 0 days 1,913 sqft
    2019-01-01 0 days 1,912 sqft
    2019-02-01 0 days 1,968 sqft
    2019-03-01 0 days 1,984 sqft
    2019-04-01 0 days 2,059 sqft
    2019-05-01 0 days 2,045 sqft
    2019-06-01 0 days 2,061 sqft
    2019-07-01 0 days 2,037 sqft
    2019-08-01 0 days 2,035 sqft
    2019-09-01 0 days 2,038 sqft
    2019-10-01 0 days 2,026 sqft
    2019-11-01 0 days 1,975 sqft
    2019-12-01 0 days 1,938 sqft
    2020-01-01 0 days 1,923 sqft
    2020-02-01 0 days 1,865 sqft
    2020-03-01 0 days 1,894 sqft
    2020-04-01 0 days 1,991 sqft
    2020-05-01 0 days 1,965 sqft
    2020-06-01 0 days 1,969 sqft
    2020-07-01 0 days 1,949 sqft
    2020-08-01 0 days 2,080 sqft
    2020-09-01 0 days 2,121 sqft
    2020-10-01 0 days 2,125 sqft
    2020-11-01 0 days 2,133 sqft
    2020-12-01 0 days 2,161 sqft
    2021-01-01 0 days 2,138 sqft
    2021-02-01 0 days 2,167 sqft
    2021-03-01 0 days 2,208 sqft
    2021-04-01 0 days 2,203 sqft
    2021-05-01 0 days 2,226 sqft
    2021-06-01 0 days 2,190 sqft
    2021-07-01 0 days 2,122 sqft
    2021-08-01 0 days 2,157 sqft
    2021-09-01 0 days 2,094 sqft
    2021-10-01 0 days 2,088 sqft
    2021-11-01 0 days 2,035 sqft
    2021-12-01 0 days 1,995 sqft
    2022-01-01 0 days 1,985 sqft
    2022-02-01 0 days 2,014 sqft
    2022-03-01 0 days 2,013 sqft
    2022-04-01 0 days 1,944 sqft
    2022-05-01 0 days 1,911 sqft
    2022-06-01 0 days 1,894 sqft
    2022-07-01 0 days 1,878 sqft
    2022-08-01 0 days 1,943 sqft
    2022-09-01 0 days 1,972 sqft
    2022-10-01 0 days 1,992 sqft
    2022-11-01 0 days 2,006 sqft
    2022-12-01 0 days 2,006 sqft
    2023-01-01 0 days 2,106 sqft
    2023-02-01 0 days 2,085 sqft
    2023-03-01 0 days 1,964 sqft
    2023-04-01 0 days 1,890 sqft
    2023-05-01 0 days 1,907 sqft
    2023-06-01 0 days 1,998 sqft
    2023-07-01 0 days 1,976 sqft
    2023-08-01 0 days 1,945 sqft
    2023-09-01 0 days 1,994 sqft
    2023-10-01 0 days 1,937 sqft
    2023-11-01 0 days 1,946 sqft
    2023-12-01 0 days 1,953 sqft
    2024-01-01 0 days 1,932 sqft
    2024-02-01 0 days 1,983 sqft
    2024-03-01 0 days 1,994 sqft
    2024-04-01 0 days 1,993 sqft
    2024-05-01 0 days 1,992 sqft
    2024-06-01 0 days 1,963 sqft
    2024-07-01 0 days 1,929 sqft
    2024-08-01 0 days 1,926 sqft
    2024-09-01 0 days 1,903 sqft
    2024-10-01 0 days 1,905 sqft
    2024-11-01 0 days 1,911 sqft
    2024-12-01 0 days 1,905 sqft
    2025-01-01 0 days 1,864 sqft
    Montrose's median listing age (time on market) for 2025-01-01 was 0 days.

    Montrose's median square footage for active listings during the 2025-01-01 period was 1,864 sqft. One year prior, the average listing was 1,932 sqft.

    Montrose, CO Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 594 $212,960,000 $358,519
    Cash Out Refi 111 $26,795,000 $241,396
    Refi 106 $24,940,000 $235,283
    Home Improvement 91 $9,395,000 $103,242
    Other 81 $11,425,000 $141,049

    Montrose's most frequently cited loan purpose was Home Purchase, with 594 originations. The 2nd most popular reason was Cash Out Refi, with 111 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 330 $109,960,000 $333,212
    7-8% 228 $71,520,000 $313,684
    Over 8% 223 $31,025,000 $139,126
    5-6% 122 $44,070,000 $361,230
    <2.5% 51 $1,015,000 $19,902
    4-5% 9 $3,005,000 $333,889
    3-4% 2 $830,000 $415,000

    During 2023, Montrose's most frequently originated rate bucket was 6-7%, with 330 originations.

    Loan Sizing (Montrose, CO MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 404 $121,430,000 $300,569
    $100,000 or less 217 $9,855,000 $45,415
    $100k-200k 170 $24,930,000 $146,647
    $400k-600k 134 $63,620,000 $474,776
    $600k-1000k 49 $34,795,000 $710,102
    $Over $1MM 9 $30,885,000 $3,431,667

    Montrose's loan sizing saw the bucket of loans from $200k-400k with 404 originations, totaling $121,430,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 308 $112,260,000 $364,481
    Under 20% 214 $12,040,000 $56,262
    60-80% 177 $68,175,000 $385,169
    40-60% 133 $37,455,000 $281,617
    20-40% 118 $21,840,000 $185,085
    Over 100% 7 $3,055,000 $436,429

    Montrose's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 308 originations, totaling $112,260,000 in origination value.