Silver City 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 Silver City averaged 6.82% for the week of 2025-03-20, compared to the national average of 6.67% for the same period.

    The average rate for the prior week (2025-03-13) was 6.5% and one month ago for the week of 2025-02-13, the average rate was 7.02%.

    Silver City's average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-03-20, the average rate was 7.27%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-03-20 6.67%
    Silver City 30 Year Fixed Rate 2025-03-20 6.82%
    Silver City 30 Year Fixed Rate Refi 2025-03-20 7.27%
    Silver City 15 Year Fixed Rate 2025-03-20 5.83%
    Silver City 15 Year Fixed Rate Refi 2025-03-20 5.83%
    Silver City 30 Year FHA 2025-03-20 6.34%
    Silver City 30 Year FHA Refi 2025-03-20 6.34%
    Silver City 30 Year USDA 2025-03-20 6.18%
    Silver City 30 Year USDA Refi 2025-03-20 6.28%
    Silver City 30 Year VA 2025-03-20 6.28%
    Silver City 30 Year VA Refi 2025-03-20 6.08%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Silver City, NM.

    Silver City 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 Silver City, 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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 22 6.75% $7,252
    MID AMERICA MORTGAGE, INC. 10 6.81% $6,338
    VAN DYK MORTGAGE CORPORATION 10 6.74% $5,665
    First American Bank 6 7.19% $4,243
    NUSENDA 5 5.80% $4,071
    UNITED WHOLESALE MORTGAGE, LLC 3 7.00% $8,787
    NEWREZ LLC 3 6.66% $6,049
    GUILD MORTGAGE COMPANY 3 7.00% $7,625
    ZILLOW HOME LOANS, LLC 2 7.25% $5,890
    LOANDEPOT.COM, LLC 2 6.88% $5,133
    U.S. Bank 2 6.75% $6,000
    Wells Fargo Bank 2 6.69% $4,417
    MOUNTAIN AMERICA 1 5.25% $3,780
    Mr. Cooper ( Nationstar Mortgage ) 1 8.13% $3,681
    21ST MORTGAGE CORPORATION 1 8.50% $6,339
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.50% $2,976
    Plains Commerce Bank 1 7.50% $12,532
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.38% $9,717
    ROYAL UNITED MORTGAGE LLC 1 7.13% $4,973
    SANDIA LABORATORY 1 6.75% $4,000
    Sunflower Bank 1 7.49% $7,474
    UBS Bank USA 1 7.38% $4,830
    USAA Federal Savings Bank 1 5.75% $6,083
    Waterstone Mortgage Corporation 1 6.13% $5,572
    Wyndham Capital Mortgage, Inc. 1 6.13% $5,501
    NAVY FEDERAL CREDIT UNION 1 8.13% $4,123
    AMERICAN FINANCING CORPORATION 1 6.25% $4,501
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.63% $9,411
    Bank of Colorado 1 7.88% $3,254
    First Financial Credit Union 1 5.50% $3,941
    Gateway First Bank 1 7.50% $3,997
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.99% $3,970
    HOMESIDE FINANCIAL, LLC 1 7.38% $7,243
    INTERCAP LENDING INC. 1 7.75% $3,984
    JPMorgan Chase Bank 1 7.25% $7,882
    MANN FINANCIAL INC. 1 7.50% $9,160
    Mortgage Research Center, LLC 1 6.88% $10,650

    Silver City Average Closing Costs & Other Stats

    Silver City, NM's 37 lenders originated 302 loans during 2023. The total origination value was $53,720,000, with an average loan value of $177,881.

    Silver City's average closing costs are $5,560.

    The top Silver City lender as defined by loan originations is QUICKEN LOANS, LLC, with 22 loans originated. Their average total fees are $7,252, which is $915 higher than the next largest lender, MID AMERICA MORTGAGE, INC..

    The lowest fee Silver City lenders (with over 10 loans originated) are VAN DYK MORTGAGE CORPORATION ($5,665), MID AMERICA MORTGAGE, INC. ($6,338), QUICKEN LOANS, LLC ($7,252), .

    The lowest rate Silver City lenders (with over 10 loans originated) are VAN DYK MORTGAGE CORPORATION (6.74%), QUICKEN LOANS, LLC (6.75%), MID AMERICA MORTGAGE, INC. (6.81%), .

    Silver City, 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    QUICKEN LOANS, LLC $9,840,000 $8,635,000 -12.2% 16.1%
    GUILD MORTGAGE COMPANY $3,090,000 $4,850,000 57.0% 9.0%
    VAN DYK MORTGAGE CORPORATION $6,605,000 $4,265,000 -35.4% 7.9%
    MID AMERICA MORTGAGE, INC. $1,940,000 $3,585,000 84.8% 6.7%
    First American Bank $3,120,000 $2,165,000 -30.6% 4.0%
    21ST MORTGAGE CORPORATION $2,390,000 $2,070,000 -13.4% 3.9%
    UNITED WHOLESALE MORTGAGE, LLC $1,435,000 $1,935,000 34.8% 3.6%
    MANN FINANCIAL INC. $490,000 $1,870,000 281.6% 3.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $3,670,000 $1,665,000 -54.6% 3.1%
    Mortgage Research Center, LLC $1,245,000 $1,560,000 25.3% 2.9%
    NUSENDA $15,000 $1,080,000 7,100.0% 2.0%
    AMERISAVE MORTGAGE CORPORATION $975,000 $1,030,000 5.6% 1.9%
    CARDINAL FINANCIAL $475,000 $1,015,000 113.7% 1.9%
    Plains Commerce Bank $1,655,000 $950,000 -42.6% 1.8%
    VANDERBILT MORTGAGE AND FINANCE, INC. $300,000 $945,000 215.0% 1.8%
    Waterstone Mortgage Corporation $755,000 $830,000 9.9% 1.5%
    LOANDEPOT.COM, LLC $2,275,000 $750,000 -67.0% 1.4%
    LEADERONE FINANCIAL CORPORATION $115,000 $675,000 487.0% 1.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $305,000 $615,000 101.6% 1.1%
    NEWREZ LLC $715,000 $585,000 -18.2% 1.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $350,000 $515,000 47.1% 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $425,000 $510,000 20.0% 0.9%
    U.S. Bank $260,000 $490,000 88.5% 0.9%
    NAVY FEDERAL CREDIT UNION $1,620,000 $475,000 -70.7% 0.9%
    GUARANTEED RATE, INC. $740,000 $410,000 -44.6% 0.8%
    Century Mortgage Company DBA Century Lending Company $310,000 $405,000 30.6% 0.8%
    Bank of Colorado $395,000 n/a 0.7%
    SANDIA LABORATORY $390,000 n/a 0.7%
    ZILLOW HOME LOANS, LLC $165,000 $370,000 124.2% 0.7%
    Barrington Bank & Trust Company, N.A. $350,000 n/a 0.7%
    BROKER SOLUTIONS, INC. $1,170,000 $340,000 -70.9% 0.6%
    SOUTHWEST STAGE FUNDING, LLC $75,000 $330,000 340.0% 0.6%
    NEW DAY FINANCIAL, LLC $315,000 n/a 0.6%
    USAA Federal Savings Bank $1,450,000 $300,000 -79.3% 0.6%
    Gateway First Bank $150,000 $295,000 96.7% 0.5%
    Paramount Bank $295,000 n/a 0.5%
    Wyndham Capital Mortgage, Inc. $285,000 n/a 0.5%
    ACADEMY MORTGAGE CORPORATION $265,000 n/a 0.5%
    First Financial Credit Union $750,000 $255,000 -66.0% 0.5%
    MOUNTAIN AMERICA $260,000 $255,000 -1.9% 0.5%
    NOVA FINANCIAL & INVESTMENT CORPORATION $65,000 $255,000 292.3% 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,075,000 $245,000 -77.2% 0.5%
    S1L, Inc. $240,000 n/a 0.4%
    TIB The Independent Bankersbank $235,000 n/a 0.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $225,000 n/a 0.4%
    GENEVA FINANCIAL, LLC $225,000 n/a 0.4%
    JPMorgan Chase Bank $230,000 $225,000 -2.2% 0.4%
    Sunflower Bank $215,000 n/a 0.4%
    SANDIA AREA $205,000 n/a 0.4%
    The Federal Savings Bank $225,000 $205,000 -8.9% 0.4%
    HOMESIDE FINANCIAL, LLC $195,000 n/a 0.4%
    Loan Simple, Inc. $290,000 $195,000 -32.8% 0.4%
    VERITAS FUNDING, LLC $195,000 n/a 0.4%
    CMG MORTGAGE, INC. $940,000 $190,000 -79.8% 0.4%
    Wells Fargo Bank $3,265,000 $190,000 -94.2% 0.4%
    Bank of America $65,000 $185,000 184.6% 0.3%
    UBS Bank USA $185,000 n/a 0.3%
    INTERCAP LENDING INC. $175,000 n/a 0.3%
    FREEDOM MORTGAGE CORPORATION $665,000 $155,000 -76.7% 0.3%
    Washington Federal Bank $1,025,000 $155,000 -84.9% 0.3%
    Coastal Community Bank $145,000 n/a 0.3%
    MORIA DEVELOPMENT, INC. $255,000 $125,000 -51.0% 0.2%
    CREDIT HUMAN FEDERAL CREDIT UNION $75,000 $115,000 53.3% 0.2%
    PLAZA HOME MORTGAGE, INC. $115,000 n/a 0.2%
    LOANPAL, LLC $1,040,000 $105,000 -89.9% 0.2%
    Carrington Mortgage Services, LLC $405,000 $85,000 -79.0% 0.2%
    FINANCE OF AMERICA REVERSE LLC $85,000 n/a 0.2%
    Home Loan Investment Bank, F.S.B. $65,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $65,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $65,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $145,000 $55,000 -62.1% 0.1%
    Discover Bank $155,000 $55,000 -64.5% 0.1%
    Flagstar Bank, FSB $805,000 $55,000 -93.2% 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $310,000 $55,000 -82.3% 0.1%
    Del Norte Credit Union $45,000 n/a 0.1%
    BOKF $45,000 $35,000 -22.2% 0.1%
    Toyota Financial Savings Bank $35,000 n/a 0.1%

    Silver City's top lender by overall market share is QUICKEN LOANS, LLC, with 16.1% market share. In second place, with 9.0%, is GUILD MORTGAGE COMPANY, having originated $4,850,000 in loans. In third place, with 7.9%, is VAN DYK MORTGAGE CORPORATION, having originated $4,265,000 in loans. In fourth place, with 6.7%, is MID AMERICA MORTGAGE, INC., having originated $3,585,000 in loans. In fifth place, with 4.0%, is First American Bank, having originated $2,165,000 in loans.

    Silver City Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Silver City (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 $203,650 (13.8%) $273,290 (16.1%) 0.00 201
    2018-02-01 $209,250 (13.1%) $283,144 (17.6%) 0.00 199
    2018-03-01 $212,750 (18.4%) $283,335 (20.4%) 0.00 206
    2018-04-01 $209,125 (15.6%) $282,111 (18.9%) 0.00 218
    2018-05-01 $212,500 (12.6%) $286,596 (20.3%) 0.00 217
    2018-06-01 $209,500 (10.9%) $284,131 (16.6%) 0.00 208
    2018-07-01 $209,750 (10.5%) $285,756 (15.3%) 0.00 215
    2018-08-01 $200,750 (1.4%) $279,590 (9.8%) 0.00 216
    2018-09-01 $199,000 (-0.4%) $272,901 (4.6%) 0.00 222
    2018-10-01 $199,700 (-4.2%) $276,814 (3.2%) 0.00 207
    2018-11-01 $219,950 (11.0%) $283,957 (7.2%) 0.00 202
    2018-12-01 $214,500 (2.1%) $276,287 (1.1%) 0.00 197
    2019-01-01 $213,250 (4.7%) $283,460 (3.7%) 0.00 188
    2019-02-01 $206,875 (-1.1%) $280,170 (-1.1%) 0.00 188
    2019-03-01 $211,857 (-0.4%) $277,116 (-2.2%) 0.00 192
    2019-04-01 $219,482 (5.0%) $276,038 (-2.2%) 0.00 193
    2019-05-01 $219,500 (3.3%) $281,606 (-1.7%) 0.00 195
    2019-06-01 $213,000 (1.7%) $281,991 (-0.8%) 0.00 204
    2019-07-01 $193,250 (-7.9%) $272,474 (-4.7%) 0.00 218
    2019-08-01 $198,182 (-1.3%) $281,509 (0.7%) 0.00 212
    2019-09-01 $199,205 (0.1%) $285,818 (4.7%) 0.00 202
    2019-10-01 $199,886 (0.1%) $288,211 (4.1%) 0.00 188
    2019-11-01 $185,000 (-15.9%) $267,809 (-5.7%) 0.00 173
    2019-12-01 $195,000 (-9.1%) $277,436 (0.4%) 0.00 164
    2020-01-01 $199,475 (-6.5%) $289,579 (2.2%) 0.00 148
    2020-02-01 $205,000 (-0.9%) $309,204 (10.4%) 0.00 131
    2020-03-01 $210,000 (-0.9%) $309,477 (11.7%) 0.00 139
    2020-04-01 $207,500 (-5.5%) $301,545 (9.2%) 0.00 139
    2020-05-01 $225,000 (2.5%) $304,732 (8.2%) 0.00 139
    2020-06-01 $231,450 (8.7%) $313,832 (11.3%) 0.00 130
    2020-07-01 $229,900 (19.0%) $315,994 (16.0%) 0.00 120
    2020-08-01 $228,000 (15.1%) $322,970 (14.7%) 0.00 110
    2020-09-01 $239,875 (20.4%) $323,664 (13.2%) 0.00 110
    2020-10-01 $257,450 (28.8%) $321,007 (11.4%) 0.00 108
    2020-11-01 $246,875 (33.5%) $320,216 (19.6%) 0.00 107
    2020-12-01 $242,250 (24.2%) $321,372 (15.8%) 0.00 101
    2021-01-01 $235,000 (17.8%) $300,576 (3.8%) 0.00 88
    2021-02-01 $237,250 (15.7%) $305,358 (-1.2%) 0.00 81
    2021-03-01 $264,875 (26.1%) $320,395 (3.5%) 0.00 74
    2021-04-01 $252,000 (21.5%) $319,829 (6.1%) 0.00 77
    2021-05-01 $259,000 (15.1%) $350,684 (15.1%) 0.00 70
    2021-06-01 $273,150 (18.0%) $353,293 (12.6%) 0.00 66
    2021-07-01 $295,000 (28.3%) $364,367 (15.3%) 0.00 70
    2021-08-01 $299,000 (31.1%) $372,603 (15.4%) 0.00 86
    2021-09-01 $299,000 (24.7%) $369,314 (14.1%) 0.00 79
    2021-10-01 $289,000 (12.3%) $371,345 (15.7%) 0.00 78
    2021-11-01 $293,125 (18.7%) $384,821 (20.2%) 0.00 79
    2021-12-01 $293,000 (21.0%) $394,386 (22.7%) 0.00 69
    2022-01-01 $299,700 (27.5%) $441,811 (47.0%) 0.00 56
    2022-02-01 $261,250 (10.1%) $451,686 (47.9%) 0.00 51
    2022-03-01 $258,750 (-2.3%) $423,216 (32.1%) 0.00 48
    2022-04-01 $254,500 (1.0%) $404,266 (26.4%) 0.00 58
    2022-05-01 $282,000 (8.9%) $439,449 (25.3%) 0.00 58
    2022-06-01 $328,750 (20.4%) $590,241 (67.1%) 0.00 57
    2022-07-01 $319,000 (8.1%) $543,804 (49.3%) 0.00 65
    2022-08-01 $303,000 (1.3%) $534,637 (43.5%) 0.00 65
    2022-09-01 $296,125 (-1.0%) $526,230 (42.5%) 0.00 73
    2022-10-01 $285,000 (-1.4%) $470,119 (26.6%) 0.00 85
    2022-11-01 $290,000 (-1.1%) $468,901 (21.9%) 0.00 86
    2022-12-01 $269,500 (-8.0%) $447,451 (13.5%) 0.00 83
    2023-01-01 $282,000 (-5.9%) $460,921 (4.3%) 0.00 79
    2023-02-01 $284,750 (9.0%) $470,999 (4.3%) 0.00 69
    2023-03-01 $289,500 (11.9%) $500,797 (18.3%) 0.00 62
    2023-04-01 $299,000 (17.5%) $502,536 (24.3%) 0.00 70
    2023-05-01 $311,000 (10.3%) $421,391 (-4.1%) 0.00 67
    2023-06-01 $296,500 (-9.8%) $420,118 (-28.8%) 0.00 70
    2023-07-01 $325,000 (1.9%) $423,468 (-22.1%) 0.00 84
    2023-08-01 $325,750 (7.5%) $455,158 (-14.9%) 0.00 88
    2023-09-01 $329,000 (11.1%) $473,398 (-10.0%) 0.00 96
    2023-10-01 $324,500 (13.9%) $489,266 (4.1%) 0.00 80
    2023-11-01 $312,500 (7.8%) $458,263 (-2.3%) 0.00 85
    2023-12-01 $289,500 (7.4%) $488,362 (9.1%) 0.00 74
    2024-01-01 $272,250 (-3.5%) $448,017 (-2.8%) 0.00 68
    2024-02-01 $284,250 (-0.2%) $445,462 (-5.4%) 0.00 72
    2024-03-01 $289,000 (-0.2%) $454,530 (-9.2%) 0.00 79
    2024-04-01 $279,750 (-6.4%) $461,110 (-8.2%) 0.00 90
    2024-05-01 $341,500 (9.8%) $463,896 (10.1%) 0.00 100
    2024-06-01 $349,000 (17.7%) $482,161 (14.8%) 0.00 109
    2024-07-01 $349,000 (7.4%) $465,592 (10.0%) 0.00 112
    2024-08-01 $330,000 (1.3%) $442,612 (-2.8%) 0.00 113
    2024-09-01 $315,250 (-4.2%) $411,559 (-13.1%) 0.00 117
    2024-10-01 $310,250 (-4.4%) $424,939 (-13.2%) 0.00 116
    2024-11-01 $325,000 (4.0%) $453,073 (-1.1%) 0.00 104
    2024-12-01 $332,750 (14.9%) $450,065 (-7.8%) 0.00 95
    2025-01-01 $355,000 (30.4%) $474,351 (5.9%) 0.00 88
    2025-02-01 $348,250 (22.5%) $463,045 (4.0%) 0.00 89
    Silver City's median listing price for 2025-02-01 was $348,250, a difference of $64,000 (22.5%) versus the prior year and $-6,750 versus the prior month.

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

    Silver City's average listing price for 2025-02-01 was $463,045, a difference of $17,583 (4.0%) versus the prior year and $-11,306 versus the prior month.

    For the 2025-02-01 period, Silver City had 89 MLS listings, a difference of 1 listings (1%) versus the prior month and 17 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Silver City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,976 sqft
    2018-02-01 0 days 2,000 sqft
    2018-03-01 0 days 2,000 sqft
    2018-04-01 0 days 2,003 sqft
    2018-05-01 0 days 2,000 sqft
    2018-06-01 0 days 1,962 sqft
    2018-07-01 0 days 1,972 sqft
    2018-08-01 0 days 1,912 sqft
    2018-09-01 0 days 1,913 sqft
    2018-10-01 0 days 1,891 sqft
    2018-11-01 0 days 1,920 sqft
    2018-12-01 0 days 1,884 sqft
    2019-01-01 0 days 1,870 sqft
    2019-02-01 0 days 1,832 sqft
    2019-03-01 0 days 1,833 sqft
    2019-04-01 0 days 1,819 sqft
    2019-05-01 0 days 1,917 sqft
    2019-06-01 0 days 1,814 sqft
    2019-07-01 0 days 1,782 sqft
    2019-08-01 0 days 1,784 sqft
    2019-09-01 0 days 1,784 sqft
    2019-10-01 0 days 1,784 sqft
    2019-11-01 0 days 1,746 sqft
    2019-12-01 0 days 1,822 sqft
    2020-01-01 0 days 1,796 sqft
    2020-02-01 0 days 1,758 sqft
    2020-03-01 0 days 1,743 sqft
    2020-04-01 0 days 1,807 sqft
    2020-05-01 0 days 1,850 sqft
    2020-06-01 0 days 1,912 sqft
    2020-07-01 0 days 1,969 sqft
    2020-08-01 0 days 2,024 sqft
    2020-09-01 0 days 2,002 sqft
    2020-10-01 0 days 2,031 sqft
    2020-11-01 0 days 2,031 sqft
    2020-12-01 0 days 2,013 sqft
    2021-01-01 0 days 1,842 sqft
    2021-02-01 0 days 1,830 sqft
    2021-03-01 0 days 1,847 sqft
    2021-04-01 0 days 1,800 sqft
    2021-05-01 0 days 1,800 sqft
    2021-06-01 0 days 1,760 sqft
    2021-07-01 0 days 1,781 sqft
    2021-08-01 0 days 1,817 sqft
    2021-09-01 0 days 1,886 sqft
    2021-10-01 0 days 1,860 sqft
    2021-11-01 0 days 1,809 sqft
    2021-12-01 0 days 1,817 sqft
    2022-01-01 0 days 1,840 sqft
    2022-02-01 0 days 1,763 sqft
    2022-03-01 0 days 1,762 sqft
    2022-04-01 0 days 1,708 sqft
    2022-05-01 0 days 1,831 sqft
    2022-06-01 0 days 1,914 sqft
    2022-07-01 0 days 1,961 sqft
    2022-08-01 0 days 1,895 sqft
    2022-09-01 0 days 1,697 sqft
    2022-10-01 0 days 1,654 sqft
    2022-11-01 0 days 1,694 sqft
    2022-12-01 0 days 1,659 sqft
    2023-01-01 0 days 1,890 sqft
    2023-02-01 0 days 1,823 sqft
    2023-03-01 0 days 1,895 sqft
    2023-04-01 0 days 1,856 sqft
    2023-05-01 0 days 1,933 sqft
    2023-06-01 0 days 1,862 sqft
    2023-07-01 0 days 1,861 sqft
    2023-08-01 0 days 1,859 sqft
    2023-09-01 0 days 1,853 sqft
    2023-10-01 0 days 1,853 sqft
    2023-11-01 0 days 1,752 sqft
    2023-12-01 0 days 1,749 sqft
    2024-01-01 0 days 1,593 sqft
    2024-02-01 0 days 1,706 sqft
    2024-03-01 0 days 1,792 sqft
    2024-04-01 0 days 1,797 sqft
    2024-05-01 0 days 1,800 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,777 sqft
    2024-08-01 0 days 1,690 sqft
    2024-09-01 0 days 1,701 sqft
    2024-10-01 0 days 1,669 sqft
    2024-11-01 0 days 1,765 sqft
    2024-12-01 0 days 1,750 sqft
    2025-01-01 0 days 1,908 sqft
    2025-02-01 0 days 1,872 sqft
    Silver City's median listing age (time on market) for 2025-02-01 was 0 days.

    Silver City's median square footage for active listings during the 2025-02-01 period was 1,872 sqft. One year prior, the average listing was 1,706 sqft.

    Silver City, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 212 $40,840,000 $192,642
    Cash Out Refi 49 $9,105,000 $185,816
    Other 18 $1,310,000 $72,778
    Refi 17 $2,065,000 $121,471
    Home Improvement 6 $400,000 $66,667

    Silver City's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 105 $21,145,000 $201,381
    7-8% 82 $15,990,000 $195,000
    5-6% 58 $10,720,000 $184,828
    Over 8% 51 $4,795,000 $94,020
    4-5% 2 $630,000 $315,000
    2.5-3% 2 $230,000 $115,000
    <2.5% 1 $5,000 $5,000

    During 2023, Silver City's most frequently originated rate bucket was 6-7%, with 105 originations.

    Loan Sizing (Silver City, NM MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 113 $17,335,000 $153,407
    $200k-400k 106 $27,370,000 $258,208
    $100,000 or less 72 $3,800,000 $52,778
    $400k-600k 10 $4,540,000 $454,000
    $600k-1000k 1 $675,000 $675,000

    Silver City's loan sizing saw the bucket of loans from $100k-200k with 113 originations, totaling $17,335,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 164 $35,030,000 $213,598
    60-80% 54 $11,180,000 $207,037
    Under 20% 29 $815,000 $28,103
    20-40% 26 $2,440,000 $93,846
    40-60% 24 $3,320,000 $138,333
    Over 100% 3 $685,000 $228,333

    Silver City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 164 originations, totaling $35,030,000 in origination value.