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 7.01% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.94% and one month ago for the week of 2023-02-09, the average rate was 6.23%.

    Silver City's average rate one year ago was 3.97%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.54%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Silver City 30 Year Fixed Rate 2023-03-16 7.01%
    Silver City 30 Year Fixed Rate Refi 2023-03-16 6.54%
    Silver City 15 Year Fixed Rate 2023-03-16 6.28%
    Silver City 15 Year Fixed Rate Refi 2023-03-16 6.06%
    Silver City 30 Year FHA 2023-03-16 6.43%
    Silver City 30 Year FHA Refi 2023-03-16 5.94%
    Silver City 30 Year USDA 2023-03-16 6.38%
    Silver City 30 Year USDA Refi 2023-03-16 6.34%
    Silver City 30 Year VA 2023-03-16 6.17%
    Silver City 30 Year VA Refi 2023-03-16 5.72%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 28 5.01% $7,455
    VAN DYK MORTGAGE CORPORATION 10 4.99% $4,266
    Wells Fargo Bank 10 4.79% $3,435
    First American Bank 8 4.38% $4,016
    LOANDEPOT.COM, LLC 7 4.53% $5,352
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 5.77% $7,083
    GUILD MORTGAGE COMPANY 6 5.73% $10,814
    MID AMERICA MORTGAGE, INC. 6 6.40% $11,289
    BROKER SOLUTIONS, INC. 5 5.17% $5,830
    Plains Commerce Bank 4 5.31% $5,074
    First Guaranty Mortgage Corporation 3 3.96% $3,721
    AMERISAVE MORTGAGE CORPORATION 2 4.69% $8,298
    Neighborhood Loans, Inc. 2 4.94% $5,107
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.63% $3,350
    NAVY FEDERAL CREDIT UNION 2 5.50% $1,913
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 5.75% $3,855
    Mr. Cooper ( Nationstar Mortgage ) 2 6.68% $7,886
    CMG MORTGAGE, INC. 2 6.43% $6,655
    Waterstone Mortgage Corporation 2 5.31% $5,936
    LOANPAL, LLC 2 4.93% $4,640
    GUARANTEED RATE, INC. 2 3.31% $4,160
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.68% $3,449
    21ST MORTGAGE CORPORATION 1 6.75% $4,067
    ZILLOW HOME LOANS, LLC 1 7.63% $6,317
    AIR ACADEMY 1 5.35% $3,258
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.63% $5,360
    BETTER MORTGAGE CORPORATION 1 2.88% $6,706
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 5.88% $3,989
    Carrington Mortgage Services, LLC 1 3.50% $3,311
    Citizens Bank 1 4.88% $4,907
    Citizens Bank of Las Cruces 1 3.13% $2,971
    CROSSCOUNTRY MORTGAGE, LLC 1 5.58% $4,250
    Discover Bank 1 5.99% $0
    First Financial Credit Union 1 3.13% $5,088
    FREEDOM MORTGAGE CORPORATION 1 3.38% $1,989
    JPMorgan Chase Bank 1 6.63% $6,262
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.50% $5,234
    MANN FINANCIAL INC. 1 5.75% $778
    MOUNTAIN AMERICA 1 5.13% $3,149
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.38% $2,969
    PENNYMAC LOAN SERVICES, LLC 1 4.50% $12,273
    PHH Mortgage Corporation 1 3.25% $5,880
    STARBOARD FINANCIAL MANAGEMENT, LLC 1 6.13% $5,925
    The Central Trust Bank 1 5.25% $6,025
    Washington Federal Bank 1 4.00% $18,766

    Silver City Average Closing Costs & Other Stats

    Silver City, NM's 45 lenders originated 400 loans during 2022. The total origination value was $71,910,000, with an average loan value of $179,775.

    Silver City's average closing costs are $5,257.

    The top Silver City lender as defined by loan originations is QUICKEN LOANS, LLC, with 28 loans originated. Their average total fees are $7,455, which is $3,188 higher than the next largest lender, VAN DYK MORTGAGE CORPORATION.

    The lowest fee Silver City lenders (with over 10 loans originated) are Wells Fargo Bank ($3,435), VAN DYK MORTGAGE CORPORATION ($4,266), QUICKEN LOANS, LLC ($7,455), .

    The lowest rate Silver City lenders (with over 10 loans originated) are Wells Fargo Bank (4.79%), VAN DYK MORTGAGE CORPORATION (4.99%), QUICKEN LOANS, LLC (5.01%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    QUICKEN LOANS, LLC $21,180,000 $9,840,000 -53.5% 13.7%
    VAN DYK MORTGAGE CORPORATION $10,990,000 $6,605,000 -39.9% 9.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $7,575,000 $3,670,000 -51.6% 5.1%
    Wells Fargo Bank $4,825,000 $3,265,000 -32.3% 4.5%
    First American Bank $6,920,000 $3,120,000 -54.9% 4.3%
    GUILD MORTGAGE COMPANY $850,000 $3,090,000 263.5% 4.3%
    21ST MORTGAGE CORPORATION $1,280,000 $2,390,000 86.7% 3.3%
    LOANDEPOT.COM, LLC $3,295,000 $2,275,000 -31.0% 3.2%
    MID AMERICA MORTGAGE, INC. $1,940,000 n/a 2.7%
    First Guaranty Mortgage Corporation $1,430,000 $1,720,000 20.3% 2.4%
    Plains Commerce Bank $1,780,000 $1,655,000 -7.0% 2.3%
    NAVY FEDERAL CREDIT UNION $1,460,000 $1,620,000 11.0% 2.3%
    USAA Federal Savings Bank $1,265,000 $1,450,000 14.6% 2.0%
    UNITED WHOLESALE MORTGAGE, LLC $2,045,000 $1,435,000 -29.8% 2.0%
    Mortgage Research Center, LLC $2,145,000 $1,245,000 -42.0% 1.7%
    BROKER SOLUTIONS, INC. $925,000 $1,170,000 26.5% 1.6%
    PENNYMAC LOAN SERVICES, LLC $1,185,000 $1,075,000 -9.3% 1.5%
    LOANPAL, LLC $745,000 $1,040,000 39.6% 1.4%
    Washington Federal Bank $520,000 $1,025,000 97.1% 1.4%
    BETTER MORTGAGE CORPORATION $1,220,000 $980,000 -19.7% 1.4%
    AMERISAVE MORTGAGE CORPORATION $1,045,000 $975,000 -6.7% 1.4%
    First Savings Bank $260,000 $960,000 269.2% 1.3%
    CMG MORTGAGE, INC. $250,000 $940,000 276.0% 1.3%
    Flagstar Bank, FSB $350,000 $805,000 130.0% 1.1%
    Waterstone Mortgage Corporation $955,000 $755,000 -20.9% 1.0%
    First Financial Credit Union $750,000 n/a 1.0%
    GUARANTEED RATE, INC. $330,000 $740,000 124.2% 1.0%
    NEWREZ LLC $1,480,000 $715,000 -51.7% 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $655,000 $705,000 7.6% 1.0%
    FREEDOM MORTGAGE CORPORATION $2,870,000 $665,000 -76.8% 0.9%
    Strong Home Mortgage, LLC $550,000 n/a 0.8%
    SUMMIT FUNDING, INC. $505,000 n/a 0.7%
    MANN FINANCIAL INC. $335,000 $490,000 46.3% 0.7%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,590,000 $475,000 -81.7% 0.7%
    VILLAGE CAPITAL MORTGAGE $645,000 $465,000 -27.9% 0.6%
    AMERICAN FINANCIAL RESOURCES, INC. $205,000 $460,000 124.4% 0.6%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $430,000 n/a 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $925,000 $425,000 -54.1% 0.6%
    Neighborhood Loans, Inc. $180,000 $415,000 130.6% 0.6%
    Carrington Mortgage Services, LLC $890,000 $405,000 -54.5% 0.6%
    The Central Trust Bank $405,000 n/a 0.6%
    AMERICAN PACIFIC MORTGAGE CORPORATION $350,000 n/a 0.5%
    Nations Lending Corporation $270,000 $330,000 22.2% 0.5%
    First New Mexico Bank, Las Cruces $310,000 $315,000 1.6% 0.4%
    Century Mortgage Company DBA Century Lending Company $310,000 n/a 0.4%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $310,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $980,000 $305,000 -68.9% 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $350,000 $300,000 -14.3% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $185,000 $290,000 56.8% 0.4%
    Loan Simple, Inc. $185,000 $290,000 56.8% 0.4%
    HOME POINT FINANCIAL CORPORATION $135,000 $275,000 103.7% 0.4%
    MOUNTAIN AMERICA $260,000 n/a 0.4%
    U.S. Bank $735,000 $260,000 -64.6% 0.4%
    Citizens Bank of Las Cruces $255,000 n/a 0.4%
    Magnolia Bank $255,000 n/a 0.4%
    MORIA DEVELOPMENT, INC. $300,000 $255,000 -15.0% 0.4%
    North American Savings Bank, F.S.B. $305,000 $245,000 -19.7% 0.3%
    AMERICAN ADVISORS GROUP $235,000 n/a 0.3%
    JPMorgan Chase Bank $1,265,000 $230,000 -81.8% 0.3%
    AIR ACADEMY $225,000 n/a 0.3%
    GUARANTEED RATE AFFINITY, LLC $225,000 n/a 0.3%
    The Federal Savings Bank $145,000 $225,000 55.2% 0.3%
    Bethpage Federal Credit Union $205,000 n/a 0.3%
    PHH Mortgage Corporation $195,000 $205,000 5.1% 0.3%
    CORNERSTONE HOME LENDING, INC. $520,000 $175,000 -66.3% 0.2%
    PNC Bank $175,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $205,000 $165,000 -19.5% 0.2%
    Discover Bank $155,000 n/a 0.2%
    Gateway First Bank $95,000 $150,000 57.9% 0.2%
    AMERICAN FINANCING CORPORATION $1,155,000 $145,000 -87.4% 0.2%
    LEADERONE FINANCIAL CORPORATION $115,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $115,000 n/a 0.2%
    Citizens Bank $105,000 n/a 0.1%
    Leader Bank $105,000 n/a 0.1%
    STARBOARD FINANCIAL MANAGEMENT, LLC $105,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $395,000 $75,000 -81.0% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $75,000 n/a 0.1%
    LENOX FINANCIAL MORTGAGE CORPORATION $85,000 $75,000 -11.8% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $75,000 n/a 0.1%
    Bank of America $565,000 $65,000 -88.5% 0.1%
    NOVA FINANCIAL & INVESTMENT CORPORATION $1,015,000 $65,000 -93.6% 0.1%
    FirstLight Federal Credit Union $115,000 $55,000 -52.2% 0.1%
    MidFirst Bank $55,000 n/a 0.1%
    BOKF $460,000 $45,000 -90.2% 0.1%
    NUSENDA $15,000 n/a 0.0%

    Silver City's top lender by overall market share is QUICKEN LOANS, LLC, with 13.7% market share. In second place, with 9.2%, is VAN DYK MORTGAGE CORPORATION, having originated $6,605,000 in loans. In third place, with 5.1%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $3,670,000 in loans. In fourth place, with 4.5%, is Wells Fargo Bank, having originated $3,265,000 in loans. In fifth place, with 4.3%, is First American Bank, having originated $3,120,000 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 $209,250 (15.6%) $282,436 (19.0%) 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 (4.9%) $276,038 (-2.3%) 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%) $317,679 (14.5%) 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 69
    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 (24.2%) 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 $297,250 (-0.6%) $528,609 (43.1%) 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
    Silver City's median listing price for 2023-02-01 was $284,750, a difference of $23,500 (9.0%) versus the prior year and $2,750 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 2023-02-01 was $470,999, a difference of $19,313 (4.3%) versus the prior year and $10,078 versus the prior month.

    For the 2023-02-01 period, Silver City had 69 MLS listings, a difference of -10 listings (-13%) versus the prior month and 18 listings (35%) 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 2,006 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 1,708 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
    Silver City's median listing age (time on market) for 2023-02-01 was 0 days.

    Silver City's median square footage for active listings during the 2023-02-01 period was 1,823 sqft. One year prior, the average listing was 1,763 sqft.

    Silver City, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 232 $44,550,000 $192,026
    Cash Out Refi 101 $18,485,000 $183,020
    Refi 54 $7,620,000 $141,111
    Other 9 $715,000 $79,444
    Home Improvement 4 $540,000 $135,000

    Silver City's most frequently cited loan purpose was Home Purchase, with 232 originations. The 2nd most popular reason was Cash Out Refi, with 101 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 93 $16,455,000 $176,935
    3-4% 89 $18,855,000 $211,854
    4-5% 68 $13,710,000 $201,618
    6-7% 54 $10,160,000 $188,148
    2.5-3% 32 $5,510,000 $172,188
    7-8% 22 $2,190,000 $99,545
    <2.5% 21 $2,305,000 $109,762
    Over 8% 16 $1,450,000 $90,625

    During 2022, Silver City's most frequently originated rate bucket was 5-6%, with 93 originations.

    Loan Sizing (Silver City, NM MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 176 $26,170,000 $148,693
    $200k-400k 117 $30,795,000 $263,205
    $100,000 or less 89 $5,355,000 $60,169
    $400k-600k 14 $6,630,000 $473,571
    $600k-1000k 3 $1,935,000 $645,000
    $Over $1MM 1 $1,025,000 $1,025,000

    Silver City's loan sizing saw the bucket of loans from $100k-200k with 176 originations, totaling $26,170,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 187 $37,025,000 $197,995
    60-80% 120 $23,790,000 $198,250
    40-60% 44 $5,690,000 $129,318
    Under 20% 19 $285,000 $15,000
    20-40% 14 $1,240,000 $88,571
    Over 100% 5 $1,685,000 $337,000

    Silver City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 187 originations, totaling $37,025,000 in origination value.