Riverton Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Riverton averaged
6.94%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.76% and
one month ago for the week of 2024-06-13, the
average rate was 6.82%.
Riverton's average rate one year ago was 7.13%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.37%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Riverton 30 Year Fixed Rate | 2024-07-18 | 6.94% |
| Riverton 30 Year Fixed Rate Refi | 2024-07-18 | 7.37% |
| Riverton 15 Year Fixed Rate | 2024-07-18 | 6.15% |
| Riverton 15 Year Fixed Rate Refi | 2024-07-18 | 6.65% |
| Riverton 30 Year FHA | 2024-07-18 | 6.79% |
| Riverton 30 Year FHA Refi | 2024-07-18 | 6.79% |
| Riverton 30 Year USDA | 2024-07-18 | 6.73% |
| Riverton 30 Year USDA Refi | 2024-07-18 | 6.83% |
| Riverton 30 Year VA | 2024-07-18 | 6.3% |
| Riverton 30 Year VA Refi | 2024-07-18 | 6.1% |
Riverton 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 Riverton, WY 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.).
Riverton Average Closing Costs & Other Stats
Riverton, WY's 44 lenders originated 431
loans during 2023. The total origination value was $91,955,000, with an average loan value of
$213,353.
Riverton's average closing costs are $5,197.
The top Riverton lender as defined by loan originations is QUICKEN LOANS, LLC, with
23 loans originated. Their average total fees are
$6,350, which is $1,685
higher than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Riverton lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY ($4,665), QUICKEN LOANS, LLC ($6,350), .
The lowest rate Riverton lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.82%), GUILD MORTGAGE COMPANY (6.87%), .
Riverton, WY 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $16,430,000 | $10,485,000 | -36.2% | 11.4% |
| Central Bank & Trust | $7,520,000 | n/a | 8.2% | |
| First Interstate Bank | $14,915,000 | $6,895,000 | -53.8% | 7.5% |
| WALKER & DUNLOP, LLC | $5,705,000 | n/a | 6.2% | |
| GUILD MORTGAGE COMPANY | $8,030,000 | $4,605,000 | -42.7% | 5.0% |
| GUARANTEED RATE, INC. | $3,185,000 | $4,385,000 | 37.7% | 4.8% |
| Mortgage Research Center, LLC | $3,925,000 | $3,510,000 | -10.6% | 3.8% |
| Plains Commerce Bank | $835,000 | $3,045,000 | 264.7% | 3.3% |
| Meridian Trust Federal Credit Union | $6,050,000 | $2,340,000 | -61.3% | 2.5% |
| Flagstar Bank, FSB | $960,000 | $2,280,000 | 137.5% | 2.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,425,000 | $2,250,000 | -7.2% | 2.4% |
| The Huntington National Bank | $800,000 | $1,815,000 | 126.9% | 2.0% |
| Wallick & Volk, Inc. | $415,000 | $1,790,000 | 331.3% | 1.9% |
| CMG MORTGAGE, INC. | $5,495,000 | $1,575,000 | -71.3% | 1.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,095,000 | $1,440,000 | 31.5% | 1.6% |
| BROKER SOLUTIONS, INC. | $430,000 | $1,405,000 | 226.7% | 1.5% |
| USAA Federal Savings Bank | $860,000 | $1,395,000 | 62.2% | 1.5% |
| CRESCENT MORTGAGE COMPANY | $545,000 | $1,280,000 | 134.9% | 1.4% |
| Wells Fargo Bank | $2,335,000 | $1,150,000 | -50.7% | 1.3% |
| FINANCE OF AMERICA REVERSE LLC | $1,140,000 | n/a | 1.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,845,000 | $1,035,000 | -43.9% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $1,365,000 | $1,015,000 | -25.6% | 1.1% |
| JPMorgan Chase Bank | $950,000 | $995,000 | 4.7% | 1.1% |
| V.I.P. MORTGAGE, INC. | $920,000 | n/a | 1.0% | |
| Platte Valley Bank | $225,000 | $865,000 | 284.4% | 0.9% |
| U.S. Bank | $1,795,000 | $740,000 | -58.8% | 0.8% |
| AXIA FINANCIAL, LLC | $345,000 | $690,000 | 100.0% | 0.8% |
| Bethpage Federal Credit Union | $685,000 | n/a | 0.7% | |
| PENNYMAC LOAN SERVICES, LLC | $235,000 | $630,000 | 168.1% | 0.7% |
| Heritage Bank | $615,000 | n/a | 0.7% | |
| Jonah Bank of Wyoming | $480,000 | $585,000 | 21.9% | 0.6% |
| MOVEMENT MORTGAGE, LLC | $565,000 | n/a | 0.6% | |
| The Federal Savings Bank | $870,000 | $510,000 | -41.4% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $85,000 | $480,000 | 464.7% | 0.5% |
| Magnolia Bank | $470,000 | n/a | 0.5% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $205,000 | $470,000 | 129.3% | 0.5% |
| NEWREZ LLC | $175,000 | $460,000 | 162.9% | 0.5% |
| Hilltop National Bank | $350,000 | $440,000 | 25.7% | 0.5% |
| BMO Harris Bank | $435,000 | n/a | 0.5% | |
| NAVY FEDERAL CREDIT UNION | $1,470,000 | $415,000 | -71.8% | 0.5% |
| Wyoming Bank & Trust | $415,000 | n/a | 0.5% | |
| Carrington Mortgage Services, LLC | $205,000 | $410,000 | 100.0% | 0.4% |
| Figure Lending LLC | $130,000 | $410,000 | 215.4% | 0.4% |
| HOMEXPRESS MORTGAGE CORP. | $410,000 | n/a | 0.4% | |
| CORNERSTONE HOME LENDING, INC. | $245,000 | $405,000 | 65.3% | 0.4% |
| CENTENNIAL LENDING, LLC | $11,365,000 | $400,000 | -96.5% | 0.4% |
| Gateway First Bank | $4,230,000 | $400,000 | -90.5% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $390,000 | n/a | 0.4% | |
| BNC National Bank | $375,000 | n/a | 0.4% | |
| MID AMERICA MORTGAGE, INC. | $375,000 | n/a | 0.4% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,625,000 | $360,000 | -77.8% | 0.4% |
| ACADEMY MORTGAGE CORPORATION | $350,000 | n/a | 0.4% | |
| PENTAGON FEDERAL CREDIT UNION | $125,000 | $325,000 | 160.0% | 0.4% |
| HIGHMARK | $315,000 | n/a | 0.3% | |
| Glacier Bank | $280,000 | $310,000 | 10.7% | 0.3% |
| NBH Bank | $145,000 | $305,000 | 110.3% | 0.3% |
| PNC Bank | $215,000 | $305,000 | 41.9% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $295,000 | n/a | 0.3% | |
| Chickasaw Community Bank | $295,000 | n/a | 0.3% | |
| INTERNATIONAL CITY MORTGAGE, INC. | $285,000 | n/a | 0.3% | |
| Morgan Stanley Private Bank | $285,000 | n/a | 0.3% | |
| VERITAS FUNDING, LLC | $275,000 | n/a | 0.3% | |
| Bank of America | $155,000 | $270,000 | 74.2% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $165,000 | $265,000 | 60.6% | 0.3% |
| NEW DAY FINANCIAL, LLC | $795,000 | $265,000 | -66.7% | 0.3% |
| BAY EQUITY LLC | $345,000 | $235,000 | -31.9% | 0.3% |
| Equity Prime Mortgage LLC | $115,000 | $235,000 | 104.3% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $235,000 | n/a | 0.3% | |
| First State Bank of St. Charles, Missouri | $225,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $520,000 | $215,000 | -58.7% | 0.2% |
| Discover Bank | $130,000 | $215,000 | 65.4% | 0.2% |
| Colonial Savings, F.A. | $330,000 | $210,000 | -36.4% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $535,000 | $205,000 | -61.7% | 0.2% |
| Bank of Colorado | $185,000 | n/a | 0.2% | |
| M&T Bank | $125,000 | $175,000 | 40.0% | 0.2% |
| WYHY | $165,000 | $175,000 | 6.1% | 0.2% |
| ZILLOW HOME LOANS, LLC | $225,000 | $165,000 | -26.7% | 0.2% |
| Alaska USA Federal Credit Union | $155,000 | n/a | 0.2% | |
| ANB Bank | $155,000 | n/a | 0.2% | |
| Ameris Bank | $145,000 | n/a | 0.2% | |
| KeyBank | $830,000 | $145,000 | -82.5% | 0.2% |
| BANKWEST, INC. | $185,000 | $125,000 | -32.4% | 0.1% |
| PHH Mortgage Corporation | $225,000 | $125,000 | -44.4% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $125,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $115,000 | n/a | 0.1% | |
| Servion, Inc. | $115,000 | n/a | 0.1% | |
| Deere Employees Credit Union | $385,000 | $105,000 | -72.7% | 0.1% |
| NuVision Federal Credit Union | $240,000 | $105,000 | -56.3% | 0.1% |
| Zions Bank | $465,000 | $105,000 | -77.4% | 0.1% |
| BETTER MORTGAGE CORPORATION | $620,000 | $95,000 | -84.7% | 0.1% |
| Wasatch Peaks Federal Credit Union | $75,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $65,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $65,000 | n/a | 0.1% | |
| MEMBER FIRST MORTGAGE, LLC | $65,000 | n/a | 0.1% | |
| Farm Credit Mid-America, ACA | $1,320,000 | $55,000 | -95.8% | 0.1% |
| Coastal Community Bank | $15,000 | n/a | 0.0% |
Riverton's top lender by overall market share is QUICKEN LOANS, LLC, with 11.4% market share. In second place, with 8.2%, is Central Bank & Trust, having originated $7,520,000 in loans. In third place, with 7.5%, is First Interstate Bank, having originated $6,895,000 in loans. In fourth place, with 6.2%, is WALKER & DUNLOP, LLC, having originated $5,705,000 in loans. In fifth place, with 5.0%, is GUILD MORTGAGE COMPANY, having originated $4,605,000 in loans.
Riverton, WY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 234 | $56,480,000 | $241,368 |
| Cash Out Refi | 68 | $13,230,000 | $194,559 |
| Other | 46 | $3,770,000 | $81,957 |
| Refi | 44 | $14,380,000 | $326,818 |
| Home Improvement | 39 | $4,095,000 | $105,000 |
Riverton's most frequently cited loan purpose was Home Purchase, with 234 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 129 | $29,195,000 | $226,318 |
| 7-8% | 85 | $18,635,000 | $219,235 |
| Over 8% | 85 | $9,315,000 | $109,588 |
| 5-6% | 82 | $23,790,000 | $290,122 |
| <2.5% | 6 | $40,000 | $6,667 |
| 4-5% | 6 | $1,420,000 | $236,667 |
During 2023, Riverton's most frequently originated rate bucket was 6-7%, with 129 originations.
Loan Sizing (Riverton, WY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 164 | $45,860,000 | $279,634 |
| $100k-200k | 130 | $19,330,000 | $148,692 |
| $100,000 or less | 108 | $5,770,000 | $53,426 |
| $400k-600k | 21 | $9,315,000 | $443,571 |
| $600k-1000k | 6 | $4,710,000 | $785,000 |
| $Over $1MM | 2 | $6,970,000 | $3,485,000 |
Riverton's loan sizing saw the bucket of loans from $200k-400k with 164 originations, totaling $45,860,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 146 | $39,180,000 | $268,356 |
| 60-80% | 78 | $23,930,000 | $306,795 |
| Under 20% | 63 | $2,985,000 | $47,381 |
| 20-40% | 58 | $6,770,000 | $116,724 |
| 40-60% | 41 | $7,425,000 | $181,098 |
| Over 100% | 6 | $1,730,000 | $288,333 |
Riverton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 146 originations, totaling $39,180,000 in origination value.