Silver City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Silver City averaged
7.06%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.99% and
one month ago for the week of 2025-05-15, the
average rate was 7.16%.
Silver City's average rate one year ago was 6.9%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.71%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Silver City 30 Year Fixed Rate | 2025-06-18 | 7.06% |
| Silver City 30 Year Fixed Rate Refi | 2025-06-18 | 6.71% |
| Silver City 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Silver City 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Silver City 30 Year FHA | 2025-06-18 | 0% |
| Silver City 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Silver City 30 Year USDA | 2025-06-18 | -0.1% |
| Silver City 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Silver City 30 Year VA | 2025-06-18 | 0.1% |
| Silver City 30 Year VA Refi | 2025-06-18 | -0.1% |
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.).
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, 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.