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 6.59% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.8% and one month ago for the week of 2025-02-27, the average rate was 7.01%.

    Silver City's average rate one year ago was 7.14%.

    For refis of the same type during the week of 2025-04-03, the average rate was 7.24%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Silver City 30 Year Fixed Rate 2025-04-03 6.59%
    Silver City 30 Year Fixed Rate Refi 2025-04-03 7.24%
    Silver City 15 Year Fixed Rate 2025-04-03 6.02%
    Silver City 15 Year Fixed Rate Refi 2025-04-03 6.02%
    Silver City 30 Year FHA 2025-04-03 6.16%
    Silver City 30 Year FHA Refi 2025-04-03 6.46%
    Silver City 30 Year USDA 2025-04-03 6.32%
    Silver City 30 Year USDA Refi 2025-04-03 6.22%
    Silver City 30 Year VA 2025-04-03 5.86%
    Silver City 30 Year VA Refi 2025-04-03 6.06%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 20 6.58% $7,375
    MID AMERICA MORTGAGE, INC. 13 6.75% $5,449
    Plains Commerce Bank 6 6.73% $3,767
    First American Bank 5 6.68% $4,078
    GUILD MORTGAGE COMPANY 5 6.64% $8,794
    UNITED WHOLESALE MORTGAGE, LLC 4 6.40% $7,563
    VAN DYK MORTGAGE CORPORATION 4 6.72% $4,803
    JPMorgan Chase Bank 4 6.81% $4,806
    LOANDEPOT.COM, LLC 3 7.04% $8,286
    Sunflower Bank 3 7.37% $6,866
    Wells Fargo Bank 2 7.06% $3,589
    PHH Mortgage Corporation 2 6.56% $4,366
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.56% $5,849
    SANDIA LABORATORY 2 6.50% $4,067
    TIB The Independent Bankersbank 2 6.94% $5,197
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.75% $7,570
    HOMEXPRESS MORTGAGE CORP. 1 8.00% $12,396
    DIRECTORS MORTGAGE, INC. 1 7.50% $6,602
    Del Norte Credit Union 1 5.88% $4,132
    MICHIGAN MUTUAL, INC. 1 6.88% $2,231
    CMG MORTGAGE, INC. 1 6.99% $7,220
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.99% $5,485
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.13% $3,264
    PENNYMAC LOAN SERVICES, LLC 1 6.12% $4,131
    USAA Federal Savings Bank 1 6.25% $7,527
    Citizens Bank of Las Cruces 1 6.88% $3,862
    U.S. Bank 1 7.13% $3,245
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $12,385
    AMERICAN FINANCING CORPORATION 1 6.50% $7,277
    Sierra Pacific Mortgage Company, Inc. 1 7.63% $3,050
    Bell Bank 1 6.99% $2,705
    21ST MORTGAGE CORPORATION 1 10.31% $4,396
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $8,085
    First National Bank of America 1 7.88% $7,678
    FREEDOM MORTGAGE CORPORATION 1 8.50% $17,266
    GUARANTEED RATE, INC. 1 6.98% $3,909
    First-Citizens Bank & Trust Company 1 6.10% $4,857

    Silver City Average Closing Costs & Other Stats

    Silver City, NM's 37 lenders originated 332 loans during 2024. The total origination value was $56,420,000, with an average loan value of $169,940.

    Silver City's average closing costs are $5,740.

    The top Silver City lender as defined by loan originations is QUICKEN LOANS, LLC, with 20 loans originated. Their average total fees are $7,375, which is $1,927 higher than the next largest lender, MID AMERICA MORTGAGE, INC..

    The lowest fee Silver City lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($5,449), QUICKEN LOANS, LLC ($7,375), .

    The lowest rate Silver City lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.58%), MID AMERICA MORTGAGE, INC. (6.75%), .

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    QUICKEN LOANS, LLC $8,635,000 $9,435,000 9.3% 16.7%
    GUILD MORTGAGE COMPANY $4,850,000 $7,070,000 45.8% 12.5%
    MID AMERICA MORTGAGE, INC. $3,585,000 $4,465,000 24.5% 7.9%
    21ST MORTGAGE CORPORATION $2,070,000 $2,910,000 40.6% 5.2%
    UNITED WHOLESALE MORTGAGE, LLC $1,935,000 $2,660,000 37.5% 4.7%
    FREEDOM MORTGAGE CORPORATION $155,000 $1,785,000 1,051.6% 3.2%
    Mortgage Research Center, LLC $1,560,000 $1,645,000 5.4% 2.9%
    Mr. Cooper ( Nationstar Mortgage ) $510,000 $1,235,000 142.2% 2.2%
    Plains Commerce Bank $950,000 $1,150,000 21.1% 2.0%
    SANDIA LABORATORY $390,000 $1,075,000 175.6% 1.9%
    First American Bank $2,165,000 $1,070,000 -50.6% 1.9%
    VAN DYK MORTGAGE CORPORATION $4,265,000 $1,030,000 -75.8% 1.8%
    MUTUAL OF OMAHA MORTGAGE, INC. $615,000 $940,000 52.8% 1.7%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,665,000 $910,000 -45.3% 1.6%
    JPMorgan Chase Bank $225,000 $890,000 295.6% 1.6%
    NEWREZ LLC $585,000 $890,000 52.1% 1.6%
    Sunflower Bank $215,000 $795,000 269.8% 1.4%
    TIB The Independent Bankersbank $235,000 $785,000 234.0% 1.4%
    Century Mortgage Company DBA Century Lending Company $405,000 $745,000 84.0% 1.3%
    PENNYMAC LOAN SERVICES, LLC $245,000 $680,000 177.6% 1.2%
    LOANDEPOT.COM, LLC $750,000 $645,000 -14.0% 1.1%
    Waterstone Mortgage Corporation $830,000 $585,000 -29.5% 1.0%
    Citizens Bank of Las Cruces $525,000 n/a 0.9%
    MidFirst Bank $515,000 n/a 0.9%
    AMERICAN PACIFIC MORTGAGE CORPORATION $515,000 $465,000 -9.7% 0.8%
    Carrington Mortgage Services, LLC $85,000 $465,000 447.1% 0.8%
    First-Citizens Bank & Trust Company $455,000 n/a 0.8%
    NOVA FINANCIAL & INVESTMENT CORPORATION $255,000 $450,000 76.5% 0.8%
    First Savings Bank $445,000 n/a 0.8%
    U.S. Bank $490,000 $445,000 -9.2% 0.8%
    USAA Federal Savings Bank $300,000 $440,000 46.7% 0.8%
    Bell Bank $415,000 n/a 0.7%
    CALCON MUTUAL MORTGAGE LLC $385,000 n/a 0.7%
    LAKEVIEW LOAN SERVICING, LLC $385,000 n/a 0.7%
    VANDERBILT MORTGAGE AND FINANCE, INC. $945,000 $385,000 -59.3% 0.7%
    Barrington Bank & Trust Company, N.A. $350,000 $380,000 8.6% 0.7%
    Wells Fargo Bank $190,000 $340,000 78.9% 0.6%
    ZILLOW HOME LOANS, LLC $370,000 $340,000 -8.1% 0.6%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $325,000 n/a 0.6%
    AmeriHome Mortgage Company, LLC $305,000 n/a 0.5%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $225,000 $305,000 35.6% 0.5%
    S1L, Inc. $240,000 $295,000 22.9% 0.5%
    Commerce Home Mortgage, Inc. $285,000 n/a 0.5%
    The Federal Savings Bank $205,000 $285,000 39.0% 0.5%
    CMG MORTGAGE, INC. $190,000 $275,000 44.7% 0.5%
    Peoples Bank $265,000 n/a 0.5%
    Sierra Pacific Mortgage Company, Inc. $265,000 n/a 0.5%
    HOMEXPRESS MORTGAGE CORP. $255,000 n/a 0.5%
    Discover Bank $55,000 $245,000 345.5% 0.4%
    DIRECTORS MORTGAGE, INC. $205,000 n/a 0.4%
    LOANPAL, LLC $105,000 $200,000 90.5% 0.4%
    First National Bank of America $185,000 n/a 0.3%
    GECU $185,000 n/a 0.3%
    PHH Mortgage Corporation $180,000 n/a 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $175,000 n/a 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $175,000 n/a 0.3%
    AMWEST FUNDING CORP. $165,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $315,000 $155,000 -50.8% 0.3%
    MICHIGAN MUTUAL, INC. $135,000 n/a 0.2%
    PNC Bank $125,000 n/a 0.2%
    Servion, Inc. $125,000 n/a 0.2%
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $105,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $105,000 n/a 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,030,000 $95,000 -90.8% 0.2%
    QUORUM FEDERAL CREDIT UNION $95,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $55,000 $85,000 54.5% 0.2%
    Del Norte Credit Union $45,000 $85,000 88.9% 0.2%
    GUARANTEED RATE, INC. $410,000 $85,000 -79.3% 0.2%
    First Financial Credit Union $255,000 $60,000 -76.5% 0.1%
    NuVision Federal Credit Union $45,000 n/a 0.1%
    NUSENDA $1,080,000 $40,000 -96.3% 0.1%
    NAVY FEDERAL CREDIT UNION $475,000 $35,000 -92.6% 0.1%
    PENTAGON FEDERAL CREDIT UNION $25,000 n/a 0.0%

    Silver City's top lender by overall market share is QUICKEN LOANS, LLC, with 16.7% market share. In second place, with 12.5%, is GUILD MORTGAGE COMPANY, having originated $7,070,000 in loans. In third place, with 7.9%, is MID AMERICA MORTGAGE, INC., having originated $4,465,000 in loans. In fourth place, with 5.2%, is 21ST MORTGAGE CORPORATION, having originated $2,910,000 in loans. In fifth place, with 4.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $2,660,000 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
    2025-03-01 $349,000 (20.8%) $421,885 (-7.2%) 0.00 98
    Silver City's median listing price for 2025-03-01 was $349,000, a difference of $60,000 (20.8%) versus the prior year and $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 2025-03-01 was $421,885, a difference of $-32,645 (-7.2%) versus the prior year and $-41,160 versus the prior month.

    For the 2025-03-01 period, Silver City had 98 MLS listings, a difference of 9 listings (10%) versus the prior month and 19 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
    2025-03-01 0 days 1,877 sqft
    Silver City's median listing age (time on market) for 2025-03-01 was 0 days.

    Silver City's median square footage for active listings during the 2025-03-01 period was 1,877 sqft. One year prior, the average listing was 1,792 sqft.

    Silver City, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 220 $38,730,000 $176,045
    Cash Out Refi 53 $8,305,000 $156,698
    Refi 27 $6,315,000 $233,889
    Other 24 $2,020,000 $84,167
    Home Improvement 8 $1,050,000 $131,250

    Silver City's most frequently cited loan purpose was Home Purchase, with 220 originations. The 2nd most popular reason was Cash Out Refi, with 53 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 139 $27,545,000 $198,165
    Over 8% 64 $5,810,000 $90,781
    7-8% 56 $9,560,000 $170,714
    5-6% 54 $12,060,000 $223,333
    <2.5% 15 $225,000 $15,000
    4-5% 1 $105,000 $105,000
    3-4% 1 $405,000 $405,000

    During 2024, Silver City's most frequently originated rate bucket was 6-7%, with 139 originations.

    Loan Sizing (Silver City, NM MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 110 $16,830,000 $153,000
    $100,000 or less 105 $4,605,000 $43,857
    $200k-400k 101 $27,065,000 $267,970
    $400k-600k 14 $6,610,000 $472,143
    $600k-1000k 2 $1,310,000 $655,000

    Silver City's loan sizing saw the bucket of loans from $100k-200k with 110 originations, totaling $16,830,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 125 $26,485,000 $211,880
    60-80% 77 $17,625,000 $228,896
    Under 20% 60 $1,340,000 $22,333
    40-60% 27 $4,345,000 $160,926
    20-40% 26 $2,280,000 $87,692
    Over 100% 8 $1,860,000 $232,500

    Silver City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 125 originations, totaling $26,485,000 in origination value.