Ruidoso Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ruidoso averaged
7.25%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
7.4% and
one month ago for the week of 2025-04-17, the
average rate was 7.42%.
Ruidoso's average rate one year ago was 7.31%.
For refis of the same type during the week of 2025-05-22, the average rate
was 6.76%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Ruidoso 30 Year Fixed Rate | 2025-05-22 | 7.25% |
| Ruidoso 30 Year Fixed Rate Refi | 2025-05-22 | 6.76% |
| Ruidoso 15 Year Fixed Rate | 2025-05-22 | 5.81% |
| Ruidoso 15 Year Fixed Rate Refi | 2025-05-22 | 6.21% |
| Ruidoso 30 Year FHA | 2025-05-22 | 6.71% |
| Ruidoso 30 Year FHA Refi | 2025-05-22 | 6.51% |
| Ruidoso 30 Year USDA | 2025-05-22 | 6.53% |
| Ruidoso 30 Year USDA Refi | 2025-05-22 | 6.43% |
| Ruidoso 30 Year VA | 2025-05-22 | 6.42% |
| Ruidoso 30 Year VA Refi | 2025-05-22 | 6.32% |
Ruidoso 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 Ruidoso, NM 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.).
Ruidoso Average Closing Costs & Other Stats
Ruidoso, NM's 65 lenders originated 409
loans during 2024. The total origination value was $117,965,000, with an average loan value of
$288,423.
Ruidoso's average closing costs are $5,147.
The top Ruidoso lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
38 loans originated. Their average total fees are
$7,703, which is $2,305
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Ruidoso lenders (with over 10 loans originated) are
City Bank ($5,904), Century Mortgage Company DBA Century Lending Company ($6,211), UNITED WHOLESALE MORTGAGE, LLC ($7,703), QUICKEN LOANS, LLC ($10,008) and .
The lowest rate Ruidoso lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.71%), UNITED WHOLESALE MORTGAGE, LLC (6.91%), Century Mortgage Company DBA Century Lending Company (7.10%), City Bank (7.28%) and .
Ruidoso, NM 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $19,460,000 | $24,940,000 | 28.2% | 21.1% |
| QUICKEN LOANS, LLC | $5,875,000 | $11,425,000 | 94.5% | 9.7% |
| City Bank | $16,250,000 | $8,510,000 | -47.6% | 7.2% |
| Century Mortgage Company DBA Century Lending Company | $8,150,000 | $6,625,000 | -18.7% | 5.6% |
| 21ST MORTGAGE CORPORATION | $2,350,000 | $3,005,000 | 27.9% | 2.5% |
| Mortgage Research Center, LLC | $2,445,000 | $2,510,000 | 2.7% | 2.1% |
| Commerce Home Mortgage, Inc. | $385,000 | $2,210,000 | 474.0% | 1.9% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,805,000 | $2,040,000 | 13.0% | 1.7% |
| Flagstar Bank, FSB | $3,395,000 | $1,835,000 | -45.9% | 1.6% |
| First Savings Bank | $4,495,000 | $1,730,000 | -61.5% | 1.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,340,000 | $1,730,000 | -26.1% | 1.5% |
| BROKER SOLUTIONS, INC. | $1,245,000 | $1,620,000 | 30.1% | 1.4% |
| CMG MORTGAGE, INC. | $755,000 | $1,620,000 | 114.6% | 1.4% |
| Bank of America | $105,000 | $1,455,000 | 1,285.7% | 1.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $260,000 | $1,435,000 | 451.9% | 1.2% |
| EL PASO AREA TEACHERS | $135,000 | $1,425,000 | 955.6% | 1.2% |
| Pioneer Bank | $1,170,000 | $1,370,000 | 17.1% | 1.2% |
| GECU | $15,000 | $1,275,000 | 8,400.0% | 1.1% |
| HOMEXPRESS MORTGAGE CORP. | $1,905,000 | $1,220,000 | -36.0% | 1.0% |
| DEEPHAVEN MORTGAGE LLC | $1,215,000 | n/a | 1.0% | |
| Raymond James Bank | $325,000 | $1,215,000 | 273.8% | 1.0% |
| UBS Bank USA | $1,155,000 | n/a | 1.0% | |
| BMO Harris Bank | $205,000 | $1,150,000 | 461.0% | 1.0% |
| Sunflower Bank | $1,125,000 | n/a | 1.0% | |
| LOANDEPOT.COM, LLC | $1,090,000 | $1,110,000 | 1.8% | 0.9% |
| Waterstone Mortgage Corporation | $1,050,000 | $1,085,000 | 3.3% | 0.9% |
| Prosperity Bank | $340,000 | $1,075,000 | 216.2% | 0.9% |
| American National Bank & Trust | $385,000 | $1,010,000 | 162.3% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $585,000 | $1,000,000 | 70.9% | 0.8% |
| NEW DAY FINANCIAL, LLC | $115,000 | $985,000 | 756.5% | 0.8% |
| PENTAGON FEDERAL CREDIT UNION | $910,000 | n/a | 0.8% | |
| NAVY FEDERAL CREDIT UNION | $915,000 | $880,000 | -3.8% | 0.7% |
| Gateway First Bank | $1,915,000 | $865,000 | -54.8% | 0.7% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $700,000 | n/a | 0.6% | |
| NBKC BANK | $695,000 | n/a | 0.6% | |
| MOVEMENT MORTGAGE, LLC | $515,000 | $655,000 | 27.2% | 0.6% |
| DIRECTORS MORTGAGE, INC. | $305,000 | $635,000 | 108.2% | 0.5% |
| Morgan Stanley Private Bank | $535,000 | $585,000 | 9.3% | 0.5% |
| NEWREZ LLC | $580,000 | n/a | 0.5% | |
| First American Bank | $5,265,000 | $570,000 | -89.2% | 0.5% |
| MICHIGAN MUTUAL, INC. | $560,000 | n/a | 0.5% | |
| Southside Bank | $545,000 | n/a | 0.5% | |
| The Loan Store, Inc. | $530,000 | n/a | 0.4% | |
| Western Commerce Bank | $385,000 | $530,000 | 37.7% | 0.4% |
| OAKTREE FUNDING CORP. | $505,000 | n/a | 0.4% | |
| Mr. Cooper ( Nationstar Mortgage ) | $290,000 | $495,000 | 70.7% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $515,000 | $490,000 | -4.9% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $495,000 | $475,000 | -4.0% | 0.4% |
| Washington Federal Bank | $645,000 | $475,000 | -26.4% | 0.4% |
| MEMBER FIRST MORTGAGE, LLC | $465,000 | n/a | 0.4% | |
| Pinnacle Bank | $105,000 | $465,000 | 342.9% | 0.4% |
| ARC HOME LLC | $455,000 | n/a | 0.4% | |
| The First National Bank of Anson | $455,000 | n/a | 0.4% | |
| CORNERSTONE HOME LENDING, INC. | $425,000 | n/a | 0.4% | |
| GENEVA FINANCIAL, LLC | $425,000 | n/a | 0.4% | |
| North American Savings Bank, F.S.B. | $425,000 | n/a | 0.4% | |
| First United Bank | $2,085,000 | $405,000 | -80.6% | 0.3% |
| The Central Trust Bank | $385,000 | n/a | 0.3% | |
| The Federal Savings Bank | $725,000 | $380,000 | -47.6% | 0.3% |
| USAA Federal Savings Bank | $1,110,000 | $375,000 | -66.2% | 0.3% |
| ENVOY MORTGAGE, LTD | $365,000 | n/a | 0.3% | |
| First Financial Bank | $1,810,000 | $355,000 | -80.4% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $355,000 | n/a | 0.3% | |
| Alliance Credit Union | $345,000 | n/a | 0.3% | |
| TEXAS TECH | $520,000 | $345,000 | -33.7% | 0.3% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $125,000 | $335,000 | 168.0% | 0.3% |
| Old National Bank | $325,000 | n/a | 0.3% | |
| VILLAGE CAPITAL MORTGAGE | $315,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $310,000 | n/a | 0.3% | |
| UNION SQUARE | $305,000 | n/a | 0.3% | |
| Wells Fargo Bank | $630,000 | $295,000 | -53.2% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $65,000 | $290,000 | 346.2% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $285,000 | n/a | 0.2% | |
| SANDIA LABORATORY | $280,000 | n/a | 0.2% | |
| First State Bank of St. Charles, Missouri | $375,000 | $275,000 | -26.7% | 0.2% |
| PNC Bank | $755,000 | $270,000 | -64.2% | 0.2% |
| Kirtland Federal Credit Union | $235,000 | $265,000 | 12.8% | 0.2% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $255,000 | n/a | 0.2% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $255,000 | n/a | 0.2% | |
| CALCON MUTUAL MORTGAGE LLC | $295,000 | $245,000 | -16.9% | 0.2% |
| The First National Bank of Granbury | $245,000 | n/a | 0.2% | |
| TJC Mortgage, Inc. | $245,000 | n/a | 0.2% | |
| Farmers Bank & Trust | $225,000 | n/a | 0.2% | |
| CASTLE & COOKE MORTGAGE, LLC | $215,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $215,000 | n/a | 0.2% | |
| Loan Simple, Inc. | $215,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $135,000 | $205,000 | 51.9% | 0.2% |
| Great Plains National Bank | $205,000 | n/a | 0.2% | |
| LRS FINANCIAL NETWORK, INC. | $215,000 | $205,000 | -4.7% | 0.2% |
| Bank of the Southwest | $115,000 | $195,000 | 69.6% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $195,000 | n/a | 0.2% | |
| Amarillo National Bank | $185,000 | n/a | 0.2% | |
| First Financial Credit Union | $175,000 | n/a | 0.1% | |
| First United Bank and Trust Company | $325,000 | $175,000 | -46.2% | 0.1% |
| Bank of DeSoto | $165,000 | n/a | 0.1% | |
| Farm Credit Mid-America, ACA | $165,000 | n/a | 0.1% | |
| NUSENDA | $240,000 | $150,000 | -37.5% | 0.1% |
| Citizens Bank of Las Cruces | $465,000 | $145,000 | -68.8% | 0.1% |
| White Sands Federal Credit Union | $135,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $125,000 | n/a | 0.1% | |
| BLACK HILLS FEDERAL CREDIT UNION | $125,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $125,000 | n/a | 0.1% | |
| Discover Bank | $80,000 | $120,000 | 50.0% | 0.1% |
| Nations Lending Corporation | $215,000 | $115,000 | -46.5% | 0.1% |
| T2 FINANCIAL LLC | $115,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $105,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $75,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $55,000 | n/a | 0.0% | |
| Coastal Community Bank | $55,000 | n/a | 0.0% | |
| Del Norte Credit Union | $55,000 | n/a | 0.0% | |
| STATE EMPLOYEES | $80,000 | $15,000 | -81.3% | 0.0% |
Ruidoso's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 21.1% market share. In second place, with 9.7%, is QUICKEN LOANS, LLC, having originated $11,425,000 in loans. In third place, with 7.2%, is City Bank, having originated $8,510,000 in loans. In fourth place, with 5.6%, is Century Mortgage Company DBA Century Lending Company, having originated $6,625,000 in loans. In fifth place, with 2.5%, is 21ST MORTGAGE CORPORATION, having originated $3,005,000 in loans.
Ruidoso, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 300 | $92,320,000 | $307,733 |
| Cash Out Refi | 44 | $9,590,000 | $217,955 |
| Refi | 35 | $10,935,000 | $312,429 |
| Other | 17 | $1,795,000 | $105,588 |
| Home Improvement | 10 | $1,470,000 | $147,000 |
| NA | 3 | $1,855,000 | $618,333 |
Ruidoso's most frequently cited loan purpose was Home Purchase, with 300 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 142 | $47,270,000 | $332,887 |
| 7-8% | 128 | $36,510,000 | $285,234 |
| Over 8% | 78 | $15,830,000 | $202,949 |
| 5-6% | 40 | $13,290,000 | $332,250 |
| <2.5% | 2 | $30,000 | $15,000 |
| 4-5% | 2 | $410,000 | $205,000 |
| 3-4% | 1 | $535,000 | $535,000 |
During 2024, Ruidoso's most frequently originated rate bucket was 6-7%, with 142 originations.
Loan Sizing (Ruidoso, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 185 | $51,935,000 | $280,730 |
| $100k-200k | 108 | $16,270,000 | $150,648 |
| $400k-600k | 50 | $23,280,000 | $465,600 |
| $100,000 or less | 36 | $1,980,000 | $55,000 |
| $600k-1000k | 22 | $15,340,000 | $697,273 |
| $Over $1MM | 8 | $9,160,000 | $1,145,000 |
Ruidoso's loan sizing saw the bucket of loans from $200k-400k with 185 originations, totaling $51,935,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 167 | $54,785,000 | $328,054 |
| 60-80% | 104 | $36,350,000 | $349,519 |
| 40-60% | 54 | $13,060,000 | $241,852 |
| 20-40% | 34 | $6,010,000 | $176,765 |
| Under 20% | 28 | $1,600,000 | $57,143 |
| Over 100% | 4 | $1,420,000 | $355,000 |
Ruidoso's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 167 originations, totaling $54,785,000 in origination value.