RENO Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Reno averaged
6.46%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.29% and
one month ago for the week of 2024-10-03, the
average rate was 5.69%.
Reno's average rate one year ago was 7.63%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.32%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Reno 30 Year Fixed Rate | 2024-11-07 | 6.46% |
| Reno 30 Year Fixed Rate Refi | 2024-11-07 | 7.32% |
| Reno 15 Year Fixed Rate | 2024-11-07 | 6.11% |
| Reno 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Reno 30 Year FHA | 2024-11-07 | 5.97% |
| Reno 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Reno 30 Year USDA | 2024-11-07 | 6.68% |
| Reno 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Reno 30 Year VA | 2024-11-07 | 5.79% |
| Reno 30 Year VA Refi | 2024-11-07 | 6.24% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within RENO, NV.
RENO 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 RENO, NV 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.).
RENO Average Closing Costs & Other Stats
RENO, NV's 211 lenders originated 7,998
loans during 2023. The total origination value was $3,713,680,000, with an average loan value of
$464,326.
RENO's average closing costs are $6,178.
The top RENO lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
431 loans originated. Their average total fees are
$10,979, which is $2,035
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee RENO lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($3,867), Morgan Stanley Private Bank ($4,490), NBKC BANK ($4,973), GREATER NEVADA LLC ($5,014) and Zions Bank ($5,106).
The lowest rate RENO lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.26%), DHI MORTGAGE COMPANY, LTD. (5.69%), Charles Schwab Bank, SSB (5.89%), Morgan Stanley Private Bank (5.91%) and Citibank (5.96%).
RENO, NV 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 |
|---|---|---|---|---|
| WALKER & DUNLOP, LLC | $49,380,000 | $317,925,000 | 543.8% | 8.6% |
| GUILD MORTGAGE COMPANY | $442,335,000 | $271,940,000 | -38.5% | 7.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $206,880,000 | $204,600,000 | -1.1% | 5.5% |
| QUICKEN LOANS, LLC | $269,315,000 | $172,415,000 | -36.0% | 4.6% |
| Citibank | $135,500,000 | $162,500,000 | 19.9% | 4.4% |
| CBRE MULTIFAMILY CAPITAL, INC. | $82,855,000 | $131,495,000 | 58.7% | 3.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $113,565,000 | $119,820,000 | 5.5% | 3.2% |
| U.S. Bank | $194,285,000 | $119,365,000 | -38.6% | 3.2% |
| EAGLE HOME MORTGAGE, LLC | $80,855,000 | $103,270,000 | 27.7% | 2.8% |
| JPMorgan Chase Bank | $120,615,000 | $94,835,000 | -21.4% | 2.6% |
| Wells Fargo Bank | $162,840,000 | $87,350,000 | -46.4% | 2.4% |
| Bank of America | $137,730,000 | $73,610,000 | -46.6% | 2.0% |
| DHI MORTGAGE COMPANY, LTD. | $106,300,000 | $66,705,000 | -37.2% | 1.8% |
| TBI MORTGAGE COMPANY | $86,395,000 | $65,395,000 | -24.3% | 1.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $79,145,000 | $58,090,000 | -26.6% | 1.6% |
| UNITED | $144,780,000 | $55,795,000 | -61.5% | 1.5% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $54,935,000 | n/a | 1.5% | |
| SUMMIT FUNDING, INC. | $94,840,000 | $54,435,000 | -42.6% | 1.5% |
| River City Bank | $54,310,000 | n/a | 1.5% | |
| PENNYMAC LOAN SERVICES, LLC | $68,165,000 | $50,260,000 | -26.3% | 1.4% |
| AXIA FINANCIAL, LLC | $37,450,000 | $49,940,000 | 33.4% | 1.3% |
| PNC Bank | $70,850,000 | $45,975,000 | -35.1% | 1.2% |
| GREATER NEVADA LLC | $85,820,000 | $45,965,000 | -46.4% | 1.2% |
| Morgan Stanley Private Bank | $60,385,000 | $39,745,000 | -34.2% | 1.1% |
| Zions Bank | $65,005,000 | $37,990,000 | -41.6% | 1.0% |
| CARDINAL FINANCIAL | $68,715,000 | $36,535,000 | -46.8% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $58,310,000 | $36,385,000 | -37.6% | 1.0% |
| BROKER SOLUTIONS, INC. | $73,935,000 | $34,785,000 | -53.0% | 0.9% |
| East West Bank | $36,005,000 | $33,260,000 | -7.6% | 0.9% |
| Charles Schwab Bank, SSB | $52,315,000 | $29,910,000 | -42.8% | 0.8% |
| INFINITY EQUITY GROUP, INC. | $35,905,000 | $28,370,000 | -21.0% | 0.8% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $30,875,000 | $26,555,000 | -14.0% | 0.7% |
| ISERVE RESIDENTIAL LENDING, LLC | $36,195,000 | $25,310,000 | -30.1% | 0.7% |
| Mortgage Research Center, LLC | $38,100,000 | $23,295,000 | -38.9% | 0.6% |
| LOANDEPOT.COM, LLC | $120,335,000 | $22,960,000 | -80.9% | 0.6% |
| Gateway First Bank | $17,490,000 | $20,360,000 | 16.4% | 0.5% |
| BMO Harris Bank | $2,035,000 | $20,270,000 | 896.1% | 0.5% |
| SYNERGY HOME MORTGAGE, LLC | $61,175,000 | $19,475,000 | -68.2% | 0.5% |
| NFM, INC. | $10,050,000 | $19,455,000 | 93.6% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $32,505,000 | $18,810,000 | -42.1% | 0.5% |
| BAY EQUITY LLC | $68,245,000 | $17,995,000 | -73.6% | 0.5% |
| MOUNTAIN AMERICA | $50,245,000 | $17,600,000 | -65.0% | 0.5% |
| TJC Mortgage, Inc. | $6,385,000 | $17,115,000 | 168.1% | 0.5% |
| Umpqua Bank | $43,555,000 | $16,980,000 | -61.0% | 0.5% |
| CMG MORTGAGE, INC. | $17,830,000 | $16,855,000 | -5.5% | 0.5% |
| AMERICAN FINANCIAL NETWORK, INC. | $16,680,000 | n/a | 0.4% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $30,845,000 | $16,345,000 | -47.0% | 0.4% |
| Plains Commerce Bank | $1,420,000 | $15,835,000 | 1,015.1% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $41,625,000 | $15,110,000 | -63.7% | 0.4% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $38,885,000 | $14,670,000 | -62.3% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $35,555,000 | $12,835,000 | -63.9% | 0.3% |
| American Mortgage & Equity Consultants, Inc. | $12,805,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $45,265,000 | $11,970,000 | -73.6% | 0.3% |
| Cornerstone First Mortgage, Inc | $495,000 | $11,585,000 | 2,240.4% | 0.3% |
| First-Citizens Bank & Trust Company | $5,065,000 | $11,060,000 | 118.4% | 0.3% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $2,685,000 | $10,935,000 | 307.3% | 0.3% |
| HOMEXPRESS MORTGAGE CORP. | $12,735,000 | $10,575,000 | -17.0% | 0.3% |
| MANN FINANCIAL INC. | $18,855,000 | $10,485,000 | -44.4% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $15,135,000 | $9,935,000 | -34.4% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $11,450,000 | $9,735,000 | -15.0% | 0.3% |
| Goldman Sachs Bank USA | $13,025,000 | $9,665,000 | -25.8% | 0.3% |
| Figure Lending LLC | $14,485,000 | $9,475,000 | -34.6% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $21,900,000 | $8,955,000 | -59.1% | 0.2% |
| Flagstar Bank, FSB | $26,745,000 | $8,460,000 | -68.4% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $26,195,000 | $8,415,000 | -67.9% | 0.2% |
| Glacier Bank | $35,375,000 | $8,385,000 | -76.3% | 0.2% |
| Discover Bank | $8,140,000 | $8,235,000 | 1.2% | 0.2% |
| UBS Bank USA | $18,885,000 | $8,180,000 | -56.7% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $6,840,000 | $7,475,000 | 9.3% | 0.2% |
| ONE NEVADA CREDIT UNION | $10,405,000 | $7,260,000 | -30.2% | 0.2% |
| Stifel Bank and Trust | $6,200,000 | $7,235,000 | 16.7% | 0.2% |
| USAA Federal Savings Bank | $10,060,000 | $7,140,000 | -29.0% | 0.2% |
| GUARANTEED RATE, INC. | $28,080,000 | $7,125,000 | -74.6% | 0.2% |
| NEWREZ LLC | $12,455,000 | $7,085,000 | -43.1% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $33,645,000 | $6,725,000 | -80.0% | 0.2% |
| City National Bank | $22,875,000 | $6,635,000 | -71.0% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $7,940,000 | $6,625,000 | -16.6% | 0.2% |
| BNY Mellon | $5,330,000 | $6,510,000 | 22.1% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $5,335,000 | $6,505,000 | 21.9% | 0.2% |
| ALAMEDA MORTGAGE CORPORATION | $12,165,000 | $6,275,000 | -48.4% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $27,925,000 | $6,230,000 | -77.7% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $17,760,000 | $6,205,000 | -65.1% | 0.2% |
| DATA MORTGAGE, INC. | $1,015,000 | $6,150,000 | 505.9% | 0.2% |
| Equity Prime Mortgage LLC | $4,280,000 | $5,875,000 | 37.3% | 0.2% |
| NBKC BANK | $21,425,000 | $5,835,000 | -72.8% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,460,000 | $5,415,000 | 120.1% | 0.1% |
| The Federal Savings Bank | $12,750,000 | $5,265,000 | -58.7% | 0.1% |
| AMERICA FIRST | $6,075,000 | $5,260,000 | -13.4% | 0.1% |
| Great Basin Federal Credit Union | $17,315,000 | $5,160,000 | -70.2% | 0.1% |
| LENDSURE MORTGAGE CORP. | $6,410,000 | $5,080,000 | -20.7% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $13,240,000 | $5,035,000 | -62.0% | 0.1% |
| OCMBC, INC. | $3,565,000 | $5,010,000 | 40.5% | 0.1% |
| 21ST MORTGAGE CORPORATION | $4,805,000 | $4,860,000 | 1.1% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $14,350,000 | $4,815,000 | -66.4% | 0.1% |
| Toyota Financial Savings Bank | $3,255,000 | $4,795,000 | 47.3% | 0.1% |
| KINECTA | $2,475,000 | $4,785,000 | 93.3% | 0.1% |
| Northpointe Bank | $45,325,000 | $4,480,000 | -90.1% | 0.1% |
| CALIBER HOME LOANS, INC. | $94,740,000 | $4,305,000 | -95.5% | 0.1% |
| Raymond James Bank | $6,565,000 | $4,305,000 | -34.4% | 0.1% |
| HomeTrust Bank | $1,540,000 | $4,300,000 | 179.2% | 0.1% |
| Citadel Servicing Corporation | $2,110,000 | $4,125,000 | 95.5% | 0.1% |
| NexBank | $1,085,000 | $3,890,000 | 258.5% | 0.1% |
| ALLIANT CREDIT UNION | $6,820,000 | $3,795,000 | -44.4% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $980,000 | $3,790,000 | 286.7% | 0.1% |
| PHH Mortgage Corporation | $10,525,000 | $3,660,000 | -65.2% | 0.1% |
| LANTZMAN MANAGEMENT, INC. | $2,240,000 | $3,505,000 | 56.5% | 0.1% |
| Commerce Home Mortgage, Inc. | $5,445,000 | $3,495,000 | -35.8% | 0.1% |
| Hometown Equity Mortgage, LLC | $885,000 | $3,425,000 | 287.0% | 0.1% |
| First Republic Bank | $107,590,000 | $3,420,000 | -96.8% | 0.1% |
| Carrington Mortgage Services, LLC | $8,605,000 | $3,410,000 | -60.4% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $23,460,000 | $3,385,000 | -85.6% | 0.1% |
| The Central Trust Bank | $6,245,000 | $3,380,000 | -45.9% | 0.1% |
| LOANPAL, LLC | $7,355,000 | $3,350,000 | -54.5% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $3,335,000 | n/a | 0.1% | |
| ON Q FINANCIAL, INC. | $12,980,000 | $3,270,000 | -74.8% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $435,000 | $3,170,000 | 628.7% | 0.1% |
| SNAPFI, INC. | $730,000 | $3,050,000 | 317.8% | 0.1% |
| ORANGE COUNTY'S CREDIT UNION | $3,010,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $6,530,000 | $2,975,000 | -54.4% | 0.1% |
| KeyBank | $71,345,000 | $2,780,000 | -96.1% | 0.1% |
| Old National Bank | $2,745,000 | n/a | 0.1% | |
| INTERNATIONAL CITY MORTGAGE, INC. | $2,705,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $5,380,000 | $2,650,000 | -50.7% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $8,385,000 | $2,530,000 | -69.8% | 0.1% |
| FIRST TECHNOLOGY | $7,545,000 | $2,525,000 | -66.5% | 0.1% |
| FUNDLOANS CAPITAL | $2,520,000 | n/a | 0.1% | |
| MLD MORTGAGE INC. | $445,000 | $2,510,000 | 464.0% | 0.1% |
| GENEVA FINANCIAL, LLC | $740,000 | $2,480,000 | 235.1% | 0.1% |
| UNIVERSAL MORTGAGE & FINANCE, INC. | $3,900,000 | $2,475,000 | -36.5% | 0.1% |
| NEXERA HOLDING LLC | $2,410,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $3,620,000 | $2,370,000 | -34.5% | 0.1% |
| Firefighters First Federal Credit Union | $3,695,000 | $2,365,000 | -36.0% | 0.1% |
| S1L, Inc. | $14,795,000 | $2,340,000 | -84.2% | 0.1% |
| First National Bank of America | $1,140,000 | $2,250,000 | 97.4% | 0.1% |
| Washington Federal Bank | $67,040,000 | $2,240,000 | -96.7% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $655,000 | $2,205,000 | 236.6% | 0.1% |
| Great Southern Bank | $2,105,000 | $2,195,000 | 4.3% | 0.1% |
| The Loan Store, Inc. | $2,110,000 | n/a | 0.1% | |
| FINANCE OF AMERICA MORTGAGE LLC | $50,585,000 | $2,075,000 | -95.9% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $14,760,000 | $2,050,000 | -86.1% | 0.1% |
| LADERA LENDING, INC. | $7,765,000 | $2,030,000 | -73.9% | 0.1% |
| BELEM SERVICING LLC | $1,030,000 | $2,000,000 | 94.2% | 0.1% |
| Comerica Bank | $1,915,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $1,825,000 | $1,865,000 | 2.2% | 0.1% |
| GTE Federal Credit Union | $855,000 | $1,735,000 | 102.9% | 0.0% |
| Bethpage Federal Credit Union | $3,165,000 | $1,725,000 | -45.5% | 0.0% |
| AmeriHome Mortgage Company, LLC | $7,110,000 | $1,715,000 | -75.9% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,700,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $3,360,000 | $1,660,000 | -50.6% | 0.0% |
| NEW WAVE LENDING GROUP INC | $1,635,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $5,505,000 | $1,625,000 | -70.5% | 0.0% |
| DIGITAL Federal Credit Union | $990,000 | $1,580,000 | 59.6% | 0.0% |
| ZILLOW HOME LOANS, LLC | $5,330,000 | $1,545,000 | -71.0% | 0.0% |
| SWBC MORTGAGE CORPORATION | $1,505,000 | n/a | 0.0% | |
| The Huntington National Bank | $2,890,000 | $1,490,000 | -48.4% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $5,635,000 | $1,485,000 | -73.6% | 0.0% |
| First Savings Bank | $1,200,000 | $1,485,000 | 23.8% | 0.0% |
| Armed Forces Bank | $675,000 | $1,475,000 | 118.5% | 0.0% |
| LOGIX FEDERAL CREDIT UNION | $3,785,000 | $1,470,000 | -61.2% | 0.0% |
| Evolve Bank & Trust | $1,020,000 | $1,465,000 | 43.6% | 0.0% |
| Tri Counties Bank | $37,330,000 | $1,440,000 | -96.1% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $4,715,000 | $1,430,000 | -69.7% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,420,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $4,865,000 | $1,350,000 | -72.3% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,415,000 | $1,320,000 | -6.7% | 0.0% |
| Franklin Loan Corporation | $2,485,000 | $1,300,000 | -47.7% | 0.0% |
| FIRST MORTGAGE COMPANY, INC. | $335,000 | $1,270,000 | 279.1% | 0.0% |
| RBC Bank, (Georgia) | $1,160,000 | $1,260,000 | 8.6% | 0.0% |
| STAR ONE CREDIT UNION | $7,785,000 | $1,205,000 | -84.5% | 0.0% |
| RESIDENTIAL MORTGAGE, LLC | $1,140,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $590,000 | $1,115,000 | 89.0% | 0.0% |
| FIRST COLONY MORTGAGE CORPORATION | $385,000 | $1,100,000 | 185.7% | 0.0% |
| Ally Bank | $1,090,000 | n/a | 0.0% | |
| ARC HOME LLC | $785,000 | $1,090,000 | 38.9% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $4,110,000 | $1,090,000 | -73.5% | 0.0% |
| Truist | $3,355,000 | $1,070,000 | -68.1% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $3,015,000 | $1,065,000 | -64.7% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $10,670,000 | $1,055,000 | -90.1% | 0.0% |
| GEORGIA'S OWN | $1,085,000 | $1,050,000 | -3.2% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $905,000 | $1,040,000 | 14.9% | 0.0% |
| Ixonia Bank | $1,040,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $455,000 | $985,000 | 116.5% | 0.0% |
| PLANET HOME LENDING, LLC | $6,120,000 | $965,000 | -84.2% | 0.0% |
| MERIWEST | $210,000 | $960,000 | 357.1% | 0.0% |
| BNC National Bank | $7,250,000 | $950,000 | -86.9% | 0.0% |
| City National Bank of Florida | $915,000 | n/a | 0.0% | |
| Citizens Bank | $2,440,000 | $890,000 | -63.5% | 0.0% |
| F&A Federal Credit Union | $715,000 | $890,000 | 24.5% | 0.0% |
| Credit Union 1 | $525,000 | $885,000 | 68.6% | 0.0% |
| Baxter Credit Union | $1,845,000 | $880,000 | -52.3% | 0.0% |
| Magnolia Bank | $2,090,000 | $880,000 | -57.9% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $5,155,000 | $875,000 | -83.0% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $435,000 | $855,000 | 96.6% | 0.0% |
| CLEARPATH LENDING | $4,175,000 | $830,000 | -80.1% | 0.0% |
| Axos Bank | $4,335,000 | $810,000 | -81.3% | 0.0% |
| First National Bank | $650,000 | $800,000 | 23.1% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $335,000 | $790,000 | 135.8% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $1,310,000 | $785,000 | -40.1% | 0.0% |
| CANVAS CREDIT UNION | $610,000 | $750,000 | 23.0% | 0.0% |
| AMWEST FUNDING CORP. | $205,000 | $740,000 | 261.0% | 0.0% |
| Bank of the West | $24,105,000 | $740,000 | -96.9% | 0.0% |
| BAY-VALLEY MORTGAGE GROUP | $730,000 | n/a | 0.0% | |
| Constant Investments, Inc. | $725,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $750,000 | $700,000 | -6.7% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,325,000 | $690,000 | -47.9% | 0.0% |
| FBC MORTGAGE, LLC | $670,000 | $680,000 | 1.5% | 0.0% |
| COMMUNITY MORTGAGE FUNDING, LLC | $675,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $1,500,000 | $670,000 | -55.3% | 0.0% |
| Nations Lending Corporation | $3,275,000 | $655,000 | -80.0% | 0.0% |
| Prosperity Home Mortgage, LLC | $1,060,000 | $650,000 | -38.7% | 0.0% |
| First Federal Bank | $640,000 | n/a | 0.0% | |
| First Option Mortgage, LLC | $635,000 | n/a | 0.0% | |
| HighTechLending Inc | $595,000 | $630,000 | 5.9% | 0.0% |
| Heritage Bank | $730,000 | $625,000 | -14.4% | 0.0% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $1,325,000 | $605,000 | -54.3% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,405,000 | $600,000 | -57.3% | 0.0% |
| Arvest Bank | $3,455,000 | $595,000 | -82.8% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $6,375,000 | $595,000 | -90.7% | 0.0% |
| OPEN MORTGAGE, LLC | $2,795,000 | $595,000 | -78.7% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,005,000 | $590,000 | -41.3% | 0.0% |
| UMB Bank | $2,005,000 | $585,000 | -70.8% | 0.0% |
| Community First Bank | $565,000 | n/a | 0.0% | |
| First Bank | $265,000 | $565,000 | 113.2% | 0.0% |
| Neighborhood Loans, Inc. | $540,000 | $545,000 | 0.9% | 0.0% |
| Watermark Capital, Inc. | $13,330,000 | $540,000 | -95.9% | 0.0% |
| Settlers Bank | $535,000 | n/a | 0.0% | |
| JMJ FINANCIAL GROUP | $415,000 | $525,000 | 26.5% | 0.0% |
| Operating Engineers Local Union #3 | $6,120,000 | $515,000 | -91.6% | 0.0% |
| 5TH STREET CAPITAL, INC. | $505,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $505,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $495,000 | $505,000 | 2.0% | 0.0% |
| SIRVA MORTGAGE, INC. | $1,910,000 | $505,000 | -73.6% | 0.0% |
| V.I.P. MORTGAGE, INC. | $505,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $2,915,000 | $495,000 | -83.0% | 0.0% |
| GREAT LAKES | $235,000 | $490,000 | 108.5% | 0.0% |
| PREMIA MORTGAGE, LLC | $2,070,000 | $485,000 | -76.6% | 0.0% |
| BEST FINANCE CAPITAL, INC. | $475,000 | n/a | 0.0% | |
| First National Bank Of Oklahoma | $465,000 | n/a | 0.0% | |
| Ukrainian Federal Credit Union | $435,000 | n/a | 0.0% | |
| CASTLE & COOKE MORTGAGE, LLC | $1,755,000 | $425,000 | -75.8% | 0.0% |
| UNION HOME MORTGAGE CORP. | $555,000 | $410,000 | -26.1% | 0.0% |
| CITIZENS EQUITY FIRST | $905,000 | $405,000 | -55.2% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $4,740,000 | $400,000 | -91.6% | 0.0% |
| Leader Bank | $395,000 | n/a | 0.0% | |
| Liberty Savings Bank, F.S.B. | $395,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $385,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $720,000 | $370,000 | -48.6% | 0.0% |
| Alaska USA Federal Credit Union | $365,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $9,875,000 | $365,000 | -96.3% | 0.0% |
| ONY GLO, INC. | $2,235,000 | $365,000 | -83.7% | 0.0% |
| CHEVRON | $1,315,000 | $355,000 | -73.0% | 0.0% |
| First International Bank & Trust | $355,000 | n/a | 0.0% | |
| El Dorado Savings Bank, F.S.B. | $2,040,000 | $350,000 | -82.8% | 0.0% |
| Grand Bank for Savings, FSB | $710,000 | $335,000 | -52.8% | 0.0% |
| SILVER STATE SCHOOLS SERVICE COMPANY, LLC | $15,000 | $335,000 | 2,133.3% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $325,000 | n/a | 0.0% | |
| Quontic Bank | $950,000 | $325,000 | -65.8% | 0.0% |
| Cathay Bank | $890,000 | $305,000 | -65.7% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $305,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $2,865,000 | $285,000 | -90.1% | 0.0% |
| SUN Federal Credit Union | $285,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $275,000 | n/a | 0.0% | |
| Mechanics Bank | $2,205,000 | $255,000 | -88.4% | 0.0% |
| Network Funding, L.P. | $255,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $255,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $245,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $12,640,000 | $245,000 | -98.1% | 0.0% |
| Deseret First Credit Union | $415,000 | $235,000 | -43.4% | 0.0% |
| Signature Federal Credit Union | $220,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $595,000 | $215,000 | -63.9% | 0.0% |
| AMERICAN FINANCING CORPORATION | $5,125,000 | $205,000 | -96.0% | 0.0% |
| JMAC LENDING, INC. | $2,010,000 | $205,000 | -89.8% | 0.0% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $610,000 | $205,000 | -66.4% | 0.0% |
| A&D Mortgage LLC | $190,000 | n/a | 0.0% | |
| Connexus Credit Union | $190,000 | n/a | 0.0% | |
| Honor Credit Union | $185,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $5,525,000 | $165,000 | -97.0% | 0.0% |
| First American Bank | $155,000 | n/a | 0.0% | |
| Ottawa Savings Bank | $145,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $7,255,000 | $145,000 | -98.0% | 0.0% |
| Fifth Third Bank | $125,000 | n/a | 0.0% | |
| NuVision Federal Credit Union | $125,000 | n/a | 0.0% | |
| ALL WESTERN MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| CLARK COUNTY CREDIT UNION | $255,000 | $105,000 | -58.8% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $400,000 | $105,000 | -73.8% | 0.0% |
| United States Senate Federal Credit Union | $320,000 | $105,000 | -67.2% | 0.0% |
| LOS ANGELES POLICE Federal Credit Union | $35,000 | $95,000 | 171.4% | 0.0% |
| First Eagle Federal Credi Union | $75,000 | n/a | 0.0% | |
| SANDIA LABORATORY | $75,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $2,230,000 | $45,000 | -98.0% | 0.0% |
| KS StateBank | $220,000 | $45,000 | -79.5% | 0.0% |
| UNIFY FINANCIAL Credit Union | $665,000 | $35,000 | -94.7% | 0.0% |
RENO's top lender by overall market share is WALKER & DUNLOP, LLC, with 8.6% market share. In second place, with 7.3%, is GUILD MORTGAGE COMPANY, having originated $271,940,000 in loans. In third place, with 5.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $204,600,000 in loans. In fourth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $172,415,000 in loans. In fifth place, with 4.4%, is Citibank, having originated $162,500,000 in loans.
RENO, NV Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 89402 | Reno, NV MSA | $1,400 | $1,630 | $2,040 | $2,900 | $3,460 |
| 89403 | Reno, NV MSA | $1,010 | $1,200 | $1,510 | $2,150 | $2,570 |
| 89405 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89412 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89424 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89431 | Reno, NV MSA | $920 | $1,090 | $1,370 | $1,950 | $2,330 |
| 89432 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89433 | Reno, NV MSA | $1,000 | $1,180 | $1,490 | $2,120 | $2,540 |
| 89434 | Reno, NV MSA | $1,220 | $1,440 | $1,820 | $2,590 | $3,100 |
| 89435 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89436 | Reno, NV MSA | $1,240 | $1,470 | $1,860 | $2,640 | $3,170 |
| 89437 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89439 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89440 | Reno, NV MSA | $1,250 | $1,470 | $1,860 | $2,650 | $3,170 |
| 89441 | Reno, NV MSA | $1,590 | $1,890 | $2,380 | $3,380 | $4,050 |
| 89442 | Reno, NV MSA | $840 | $1,000 | $1,260 | $1,790 | $2,150 |
| 89450 | Reno, NV MSA | $1,500 | $1,780 | $2,240 | $3,180 | $3,820 |
| 89451 | Reno, NV MSA | $1,500 | $1,780 | $2,240 | $3,180 | $3,820 |
| 89501 | Reno, NV MSA | $840 | $1,000 | $1,260 | $1,790 | $2,150 |
| 89502 | Reno, NV MSA | $950 | $1,130 | $1,420 | $2,020 | $2,420 |
| 89503 | Reno, NV MSA | $940 | $1,120 | $1,410 | $2,000 | $2,400 |
| 89504 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89505 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89506 | Reno, NV MSA | $1,140 | $1,360 | $1,710 | $2,430 | $2,910 |
| 89507 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89508 | Reno, NV MSA | $1,370 | $1,620 | $2,050 | $2,910 | $3,490 |
| 89509 | Reno, NV MSA | $1,080 | $1,280 | $1,610 | $2,290 | $2,740 |
| 89510 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89511 | Reno, NV MSA | $1,310 | $1,550 | $1,960 | $2,790 | $3,340 |
| 89512 | Reno, NV MSA | $960 | $1,140 | $1,440 | $2,050 | $2,450 |
| 89513 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89515 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89519 | Reno, NV MSA | $1,460 | $1,730 | $2,180 | $3,100 | $3,710 |
| 89521 | Reno, NV MSA | $1,580 | $1,870 | $2,360 | $3,350 | $4,020 |
| 89523 | Reno, NV MSA | $1,220 | $1,440 | $1,820 | $2,590 | $3,100 |
| 89533 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89557 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89570 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89595 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89599 | Reno, NV MSA | $1,060 | $1,260 | $1,590 | $2,260 | $2,710 |
| 89703 | Reno, NV MSA | $840 | $1,000 | $1,260 | $1,790 | $2,150 |
| 89704 | Reno, NV MSA | $960 | $1,140 | $1,440 | $2,050 | $2,450 |
2022 Average & Median Rent Data Statistics
RENO, NV average 1BR rent: $1,333, median: $1,260
RENO, NV average 2BR rent: $1,681, median: $1,590
RENO, NV average 3BR rent: $2,390, median: $2,260
RENO, NV Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,879 | $2,514,205,000 | $515,312 |
| Home Improvement | 949 | $110,145,000 | $116,064 |
| Cash Out Refi | 930 | $256,300,000 | $275,591 |
| Other | 799 | $168,815,000 | $211,283 |
| Refi | 437 | $662,915,000 | $1,516,968 |
| NA | 4 | $1,300,000 | $325,000 |
Reno's most frequently cited loan purpose was Home Purchase, with 4,879 originations. The 2nd most popular reason was Home Improvement, with 949 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,570 | $1,225,010,000 | $476,658 |
| 7-8% | 1,774 | $725,260,000 | $408,828 |
| Over 8% | 1,704 | $248,710,000 | $145,957 |
| 5-6% | 1,556 | $997,680,000 | $641,183 |
| 4-5% | 260 | $164,490,000 | $632,654 |
| <2.5% | 68 | $130,240,000 | $1,915,294 |
| 3-4% | 43 | $61,515,000 | $1,430,581 |
| 2.5-3% | 12 | $49,570,000 | $4,130,833 |
During 2023, Reno's most frequently originated rate bucket was 6-7%, with 2,570 originations.
Loan Sizing (RENO, NV MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,534 | $781,690,000 | $308,481 |
| $400k-600k | 2,031 | $971,075,000 | $478,127 |
| $100,000 or less | 1,462 | $82,690,000 | $56,560 |
| $100k-200k | 1,012 | $143,200,000 | $141,502 |
| $600k-1000k | 704 | $496,470,000 | $705,213 |
| $Over $1MM | 255 | $1,238,555,000 | $4,857,078 |
RENO's loan sizing saw the bucket of loans from $200k-400k with 2,534 originations, totaling $781,690,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,719 | $1,282,955,000 | $471,848 |
| Under 20% | 1,740 | $143,460,000 | $82,448 |
| 60-80% | 1,674 | $1,217,680,000 | $727,407 |
| 40-60% | 886 | $651,880,000 | $735,756 |
| 20-40% | 865 | $251,935,000 | $291,254 |
| Over 100% | 85 | $45,735,000 | $538,059 |
RENO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,719 originations, totaling $1,282,955,000 in origination value.