Steamboat Springs Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Steamboat Springs averaged
6.97%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.9% and
one month ago for the week of 2024-10-03, the
average rate was 6.2%.
Steamboat Springs's average rate one year ago was 7.84%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Steamboat Springs 30 Year Fixed Rate | 2024-11-07 | 6.97% |
| Steamboat Springs 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
| Steamboat Springs 15 Year Fixed Rate | 2024-11-07 | 6.2% |
| Steamboat Springs 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Steamboat Springs 30 Year FHA | 2024-11-07 | 6.33% |
| Steamboat Springs 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Steamboat Springs 30 Year USDA | 2024-11-07 | 6.48% |
| Steamboat Springs 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Steamboat Springs 30 Year VA | 2024-11-07 | 6.24% |
| Steamboat Springs 30 Year VA Refi | 2024-11-07 | 6.44% |
Steamboat Springs 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 Steamboat Springs, CO 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.).
Steamboat Springs Average Closing Costs & Other Stats
Steamboat Springs, CO's 82 lenders originated 629
loans during 2023. The total origination value was $491,115,000, with an average loan value of
$780,787.
Steamboat Springs's average closing costs are $4,964.
The top Steamboat Springs lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
49 loans originated. Their average total fees are
$8,806, which is $533
lower than the next largest lender,
NFM, INC..
The lowest fee Steamboat Springs lenders (with over 10 loans originated) are
Wells Fargo Bank ($5,986), U.S. Bank ($8,309), Alpine Bank ($8,500), UNITED WHOLESALE MORTGAGE, LLC ($8,506) and CROSSCOUNTRY MORTGAGE, LLC ($8,806).
The lowest rate Steamboat Springs lenders (with over 10 loans originated) are
Wells Fargo Bank (5.78%), U.S. Bank (6.29%), QUICKEN LOANS, LLC (6.55%), UNITED WHOLESALE MORTGAGE, LLC (6.59%) and CROSSCOUNTRY MORTGAGE, LLC (6.82%).
Steamboat Springs, CO 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 |
|---|---|---|---|---|
| ORIX REAL ESTATE CAPITAL, LLC | $80,430,000 | n/a | 16.4% | |
| CROSSCOUNTRY MORTGAGE, LLC | $37,895,000 | $34,585,000 | -8.7% | 7.0% |
| NFM, INC. | $25,495,000 | $31,260,000 | 22.6% | 6.4% |
| Alpine Bank | $64,975,000 | $27,380,000 | -57.9% | 5.6% |
| U.S. Bank | $29,525,000 | $19,130,000 | -35.2% | 3.9% |
| GROUP MORTGAGE, LLC | $1,785,000 | $16,555,000 | 827.5% | 3.4% |
| Zions Bank | $54,485,000 | $16,170,000 | -70.3% | 3.3% |
| Bank of America | $13,775,000 | $14,590,000 | 5.9% | 3.0% |
| Wells Fargo Bank | $18,035,000 | $13,920,000 | -22.8% | 2.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $31,640,000 | $13,370,000 | -57.7% | 2.7% |
| JPMorgan Chase Bank | $49,245,000 | $11,520,000 | -76.6% | 2.3% |
| UBS Bank USA | $10,315,000 | $11,430,000 | 10.8% | 2.3% |
| Citibank | $8,010,000 | $7,525,000 | -6.1% | 1.5% |
| Elevations Credit Union | $3,190,000 | $6,120,000 | 91.8% | 1.2% |
| Morgan Stanley Private Bank | $11,955,000 | $6,110,000 | -48.9% | 1.2% |
| Nicolet National Bank | $6,075,000 | n/a | 1.2% | |
| QUICKEN LOANS, LLC | $15,285,000 | $6,070,000 | -60.3% | 1.2% |
| Bank of Colorado | $8,830,000 | $5,385,000 | -39.0% | 1.1% |
| Citizens Bank & Trust | $5,205,000 | n/a | 1.1% | |
| BMO Harris Bank | $4,850,000 | n/a | 1.0% | |
| The Huntington National Bank | $5,830,000 | $4,725,000 | -19.0% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $4,620,000 | $4,430,000 | -4.1% | 0.9% |
| MidFirst Bank | $1,710,000 | $4,220,000 | 146.8% | 0.9% |
| BancorpSouth | $3,195,000 | $3,395,000 | 6.3% | 0.7% |
| PNC Bank | $7,150,000 | $3,190,000 | -55.4% | 0.6% |
| Charles Schwab Bank, SSB | $11,665,000 | $3,115,000 | -73.3% | 0.6% |
| M&T Bank | $1,365,000 | $3,105,000 | 127.5% | 0.6% |
| First Horizon Bank | $3,005,000 | n/a | 0.6% | |
| Ally Bank | $1,110,000 | $2,605,000 | 134.7% | 0.5% |
| GUILD MORTGAGE COMPANY | $4,905,000 | $2,270,000 | -53.7% | 0.5% |
| FINANCE OF AMERICA REVERSE LLC | $2,620,000 | $2,240,000 | -14.5% | 0.5% |
| First Western Trust Bank | $33,775,000 | $2,230,000 | -93.4% | 0.5% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $2,180,000 | n/a | 0.4% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $2,160,000 | n/a | 0.4% | |
| Stifel Bank and Trust | $1,405,000 | $2,105,000 | 49.8% | 0.4% |
| American Mortgage & Equity Consultants, Inc. | $1,170,000 | $2,010,000 | 71.8% | 0.4% |
| Foundation One Bank | $1,995,000 | n/a | 0.4% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,765,000 | n/a | 0.4% | |
| JMAC LENDING, INC. | $1,740,000 | n/a | 0.4% | |
| V.I.P. MORTGAGE, INC. | $1,555,000 | n/a | 0.3% | |
| Midwest BankCentre | $1,525,000 | n/a | 0.3% | |
| BOKF | $2,560,000 | $1,425,000 | -44.3% | 0.3% |
| AIR ACADEMY | $3,660,000 | $1,405,000 | -61.6% | 0.3% |
| Old National Bank | $1,045,000 | $1,405,000 | 34.4% | 0.3% |
| CMG MORTGAGE, INC. | $4,645,000 | $1,370,000 | -70.5% | 0.3% |
| NexBank | $1,445,000 | $1,370,000 | -5.2% | 0.3% |
| NEWREZ LLC | $980,000 | $1,365,000 | 39.3% | 0.3% |
| Origin Bank | $1,365,000 | n/a | 0.3% | |
| Western Bank | $1,345,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $7,015,000 | $1,330,000 | -81.0% | 0.3% |
| Valley National Bank | $1,305,000 | n/a | 0.3% | |
| Platte Valley Bank | $1,285,000 | n/a | 0.3% | |
| Bethpage Federal Credit Union | $1,275,000 | n/a | 0.3% | |
| Plains Commerce Bank | $2,700,000 | $1,275,000 | -52.8% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,265,000 | $1,270,000 | -79.7% | 0.3% |
| LOANDEPOT.COM, LLC | $2,940,000 | $1,255,000 | -57.3% | 0.3% |
| SWBC MORTGAGE CORPORATION | $1,650,000 | $1,225,000 | -25.8% | 0.2% |
| CAPITAL CREDIT UNION | $465,000 | $1,205,000 | 159.1% | 0.2% |
| Northpointe Bank | $1,845,000 | $1,130,000 | -38.8% | 0.2% |
| Bell Bank | $1,125,000 | n/a | 0.2% | |
| BELLCO | $960,000 | $1,010,000 | 5.2% | 0.2% |
| Collins State Bank | $1,005,000 | n/a | 0.2% | |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $2,775,000 | $995,000 | -64.1% | 0.2% |
| UMB Bank | $5,640,000 | $985,000 | -82.5% | 0.2% |
| Ixonia Bank | $965,000 | n/a | 0.2% | |
| Popular Bank | $955,000 | n/a | 0.2% | |
| Truist | $1,900,000 | $880,000 | -53.7% | 0.2% |
| First Federal Bank of Louisiana | $855,000 | n/a | 0.2% | |
| CARTER FEDERAL CREDIT UNION | $820,000 | n/a | 0.2% | |
| RANLIFE, INC. | $265,000 | $815,000 | 207.5% | 0.2% |
| Merchants Mortgage & Trust Corporation | $805,000 | n/a | 0.2% | |
| NAVY FEDERAL CREDIT UNION | $1,015,000 | $800,000 | -21.2% | 0.2% |
| Glacier Bank | $3,160,000 | $755,000 | -76.1% | 0.2% |
| HIWAY | $755,000 | n/a | 0.2% | |
| The Northern Trust Company | $3,000,000 | $755,000 | -74.8% | 0.2% |
| Sooper Credit Union | $880,000 | $750,000 | -14.8% | 0.2% |
| Ent Credit Union | $1,130,000 | $745,000 | -34.1% | 0.2% |
| CONTOUR MORTGAGE CORPORATION | $725,000 | n/a | 0.1% | |
| CrossFirst Bank | $725,000 | n/a | 0.1% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $325,000 | $725,000 | 123.1% | 0.1% |
| Univest Bank and Trust Co. | $715,000 | n/a | 0.1% | |
| First Federal Bank | $705,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $3,225,000 | $680,000 | -78.9% | 0.1% |
| PREMIER MEMBERS CREDIT UNION | $620,000 | $680,000 | 9.7% | 0.1% |
| CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $1,385,000 | $660,000 | -52.3% | 0.1% |
| FirstBank | $5,560,000 | $660,000 | -88.1% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,160,000 | $655,000 | -43.5% | 0.1% |
| BROKER SOLUTIONS, INC. | $1,510,000 | $630,000 | -58.3% | 0.1% |
| NBKC BANK | $165,000 | $625,000 | 278.8% | 0.1% |
| IDEAL HOME LOANS LLC | $605,000 | n/a | 0.1% | |
| KeyBank | $5,095,000 | $570,000 | -88.8% | 0.1% |
| BAY EQUITY LLC | $3,865,000 | $565,000 | -85.4% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $515,000 | $565,000 | 9.7% | 0.1% |
| ZILLOW HOME LOANS, LLC | $565,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,000,000 | $560,000 | -44.0% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $10,210,000 | $545,000 | -94.7% | 0.1% |
| Pinnacle Bank | $375,000 | $545,000 | 45.3% | 0.1% |
| Flagstar Bank, FSB | $1,500,000 | $515,000 | -65.7% | 0.1% |
| Bank of the West | $4,130,000 | $505,000 | -87.8% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $780,000 | $495,000 | -36.5% | 0.1% |
| Hometown Equity Mortgage, LLC | $485,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $715,000 | $485,000 | -32.2% | 0.1% |
| NBH Bank | $1,330,000 | $475,000 | -64.3% | 0.1% |
| Royal Credit Union | $475,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $680,000 | $455,000 | -33.1% | 0.1% |
| USAlliance Federal Credit Union | $450,000 | n/a | 0.1% | |
| ON Q FINANCIAL, INC. | $435,000 | n/a | 0.1% | |
| Regions Bank | $435,000 | n/a | 0.1% | |
| CANVAS CREDIT UNION | $1,415,000 | $425,000 | -70.0% | 0.1% |
| Gateway First Bank | $710,000 | $425,000 | -40.1% | 0.1% |
| WESTERRA CREDIT UNION | $425,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $685,000 | $415,000 | -39.4% | 0.1% |
| PENNYMAC LOAN SERVICES, LLC | $1,830,000 | $410,000 | -77.6% | 0.1% |
| MEGASTAR FINANCIAL CORP. | $3,420,000 | $405,000 | -88.2% | 0.1% |
| Citizens Bank | $395,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $395,000 | n/a | 0.1% | |
| FIRST TECHNOLOGY | $360,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $445,000 | $360,000 | -19.1% | 0.1% |
| Centier Bank | $325,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $1,375,000 | $305,000 | -77.8% | 0.1% |
| AMWEST FUNDING CORP. | $295,000 | n/a | 0.1% | |
| S1L, Inc. | $1,400,000 | $285,000 | -79.6% | 0.1% |
| Credit Union of Denver | $995,000 | $280,000 | -71.9% | 0.1% |
| USAA Federal Savings Bank | $265,000 | n/a | 0.1% | |
| DELMAR FINANCIAL COMPANY | $255,000 | n/a | 0.1% | |
| Logan Finance Corporation | $255,000 | n/a | 0.1% | |
| Figure Lending LLC | $240,000 | $240,000 | 0.0% | 0.0% |
| AMCAP MORTGAGE, LTD. | $235,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $1,200,000 | $235,000 | -80.4% | 0.0% |
| ALLIANT CREDIT UNION | $375,000 | $230,000 | -38.7% | 0.0% |
| OAKTREE FUNDING CORP. | $1,105,000 | $205,000 | -81.4% | 0.0% |
| 21ST MORTGAGE CORPORATION | $200,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $525,000 | $195,000 | -62.9% | 0.0% |
| SECURITY SERVICE | $935,000 | $190,000 | -79.7% | 0.0% |
| Carrington Mortgage Services, LLC | $185,000 | n/a | 0.0% | |
| Coastal Community Bank | $160,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $410,000 | $135,000 | -67.1% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $75,000 | $105,000 | 40.0% | 0.0% |
| Community National Bank & Trust | $45,000 | n/a | 0.0% |
Steamboat Springs's top lender by overall market share is ORIX REAL ESTATE CAPITAL, LLC, with 16.4% market share. In second place, with 7.0%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $34,585,000 in loans. In third place, with 6.4%, is NFM, INC., having originated $31,260,000 in loans. In fourth place, with 5.6%, is Alpine Bank, having originated $27,380,000 in loans. In fifth place, with 3.9%, is U.S. Bank, having originated $19,130,000 in loans.
Steamboat Springs, CO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 367 | $359,955,000 | $980,804 |
| Other | 72 | $39,380,000 | $546,944 |
| Cash Out Refi | 67 | $39,625,000 | $591,418 |
| Refi | 62 | $39,500,000 | $637,097 |
| Home Improvement | 61 | $12,655,000 | $207,459 |
Steamboat Springs's most frequently cited loan purpose was Home Purchase, with 367 originations. The 2nd most popular reason was Other, with 72 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 162 | $101,320,000 | $625,432 |
| 6-7% | 157 | $105,795,000 | $673,854 |
| Over 8% | 142 | $47,650,000 | $335,563 |
| 5-6% | 99 | $95,225,000 | $961,869 |
| 4-5% | 10 | $17,990,000 | $1,799,000 |
| 3-4% | 3 | $3,235,000 | $1,078,333 |
| <2.5% | 2 | $80,430,000 | $40,215,000 |
| 2.5-3% | 1 | $105,000 | $105,000 |
During 2023, Steamboat Springs's most frequently originated rate bucket was 7-8%, with 162 originations.
Loan Sizing (Steamboat Springs, CO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 158 | $47,790,000 | $302,468 |
| $600k-1000k | 131 | $101,345,000 | $773,626 |
| $400k-600k | 127 | $61,285,000 | $482,559 |
| $Over $1MM | 109 | $269,535,000 | $2,472,798 |
| $100k-200k | 61 | $8,455,000 | $138,607 |
| $100,000 or less | 43 | $2,705,000 | $62,907 |
Steamboat Springs's loan sizing saw the bucket of loans from $200k-400k with 158 originations, totaling $47,790,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 181 | $162,345,000 | $896,934 |
| Under 20% | 118 | $23,350,000 | $197,881 |
| 40-60% | 94 | $74,940,000 | $797,234 |
| 80-100% | 92 | $67,270,000 | $731,196 |
| 20-40% | 88 | $42,880,000 | $487,273 |
| Over 100% | 3 | $80,825,000 | $26,941,667 |
Steamboat Springs's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 181 originations, totaling $162,345,000 in origination value.