Sterling Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sterling averaged
7.22%
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
7.35% and
one month ago for the week of 2023-02-09, the
average rate was 6.34%.
Sterling's average rate one year ago was 4.07%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.64%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Sterling 30 Year Fixed Rate | 2023-03-16 | 7.22% |
Sterling 30 Year Fixed Rate Refi | 2023-03-16 | 6.64% |
Sterling 15 Year Fixed Rate | 2023-03-16 | 6.53% |
Sterling 15 Year Fixed Rate Refi | 2023-03-16 | 6.05% |
Sterling 30 Year FHA | 2023-03-16 | 6.82% |
Sterling 30 Year FHA Refi | 2023-03-16 | 6.1% |
Sterling 30 Year USDA | 2023-03-16 | 6.54% |
Sterling 30 Year USDA Refi | 2023-03-16 | 6.57% |
Sterling 30 Year VA | 2023-03-16 | 6.56% |
Sterling 30 Year VA Refi | 2023-03-16 | 6.06% |
Sterling 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 Sterling, 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.).
Sterling Average Closing Costs & Other Stats
Sterling, CO's 69 lenders originated 762
loans during 2021. The total origination value was $137,590,000, with an average loan value of
$180,564.
Sterling's average closing costs are $4,558.
The top Sterling lender as defined by loan originations is Bank of Colorado, with
56 loans originated. Their average total fees are
$3,611, which is $121
higher than the next largest lender,
AMERICAN FINANCING CORPORATION.
The lowest fee Sterling lenders (with over 10 loans originated) are
AMERICAN FINANCING CORPORATION ($3,490), Bank of Colorado ($3,611), GUILD MORTGAGE COMPANY ($3,814), UNITED WHOLESALE MORTGAGE, LLC ($4,242) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,426).
The lowest rate Sterling lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (3.14%), Bank of Colorado (3.14%), GUILD MORTGAGE COMPANY (3.16%), QUICKEN LOANS, LLC (3.17%) and AMERICAN FINANCING CORPORATION (3.21%).
Sterling, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
Bank of Colorado | $25,925,000 | $27,770,000 | 7.1% | 20.2% |
QUICKEN LOANS, LLC | $11,765,000 | $12,245,000 | 4.1% | 8.9% |
EQUITABLE SAVINGS AND LOAN ASSOCIATION | $9,780,000 | $7,345,000 | -24.9% | 5.3% |
AMERICAN FINANCING CORPORATION | $3,995,000 | $6,900,000 | 72.7% | 5.0% |
UNITED WHOLESALE MORTGAGE, LLC | $1,855,000 | $5,655,000 | 204.9% | 4.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,330,000 | $5,595,000 | 5.0% | 4.1% |
GUILD MORTGAGE COMPANY | $3,890,000 | $4,060,000 | 4.4% | 3.0% |
Independent Bank | $7,465,000 | $3,760,000 | -49.6% | 2.7% |
FREEDOM MORTGAGE CORPORATION | $2,130,000 | $3,695,000 | 73.5% | 2.7% |
CALIBER HOME LOANS, INC. | $1,420,000 | $2,675,000 | 88.4% | 1.9% |
Bank of the West | $2,895,000 | $2,630,000 | -9.2% | 1.9% |
Wells Fargo Bank | $1,410,000 | $2,305,000 | 63.5% | 1.7% |
LOANDEPOT.COM, LLC | $955,000 | $2,275,000 | 138.2% | 1.7% |
Mr. Cooper ( Nationstar Mortgage ) | $1,895,000 | $2,265,000 | 19.5% | 1.6% |
AMERISAVE MORTGAGE CORPORATION | $615,000 | $2,120,000 | 244.7% | 1.5% |
ACADEMY MORTGAGE CORPORATION | $1,460,000 | $1,970,000 | 34.9% | 1.4% |
Mortgage Research Center, LLC | $1,265,000 | $1,730,000 | 36.8% | 1.3% |
Financial Funding Solutions, Inc. | $605,000 | $1,715,000 | 183.5% | 1.2% |
Amerifirst Financial, Inc. | $1,300,000 | $1,645,000 | 26.5% | 1.2% |
HOME POINT FINANCIAL CORPORATION | $930,000 | $1,645,000 | 76.9% | 1.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,520,000 | $1,555,000 | 2.3% | 1.1% |
UNIVERSAL LENDING CORPORATION | $455,000 | $1,110,000 | 144.0% | 0.8% |
CHERRY CREEK MORTGAGE, LLC | $1,695,000 | $1,065,000 | -37.2% | 0.8% |
NEWREZ LLC | $550,000 | $1,040,000 | 89.1% | 0.8% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $420,000 | $980,000 | 133.3% | 0.7% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $960,000 | n/a | 0.7% | |
LAKEVIEW LOAN SERVICING, LLC | $1,120,000 | $855,000 | -23.7% | 0.6% |
First National Bank of Omaha | $690,000 | n/a | 0.5% | |
CORNERSTONE HOME LENDING, INC. | $310,000 | $655,000 | 111.3% | 0.5% |
UNION HOME MORTGAGE CORP. | $335,000 | $655,000 | 95.5% | 0.5% |
Carrington Mortgage Services, LLC | $475,000 | $630,000 | 32.6% | 0.5% |
CROSSCOUNTRY MORTGAGE, LLC | $375,000 | $620,000 | 65.3% | 0.5% |
NFM, INC. | $620,000 | n/a | 0.5% | |
BROKER SOLUTIONS, INC. | $605,000 | n/a | 0.4% | |
CRESCENT MORTGAGE COMPANY | $1,095,000 | $605,000 | -44.7% | 0.4% |
MEGASTAR FINANCIAL CORP. | $605,000 | n/a | 0.4% | |
PLANET HOME LENDING, LLC | $370,000 | $565,000 | 52.7% | 0.4% |
CANOPY MORTGAGE, LLC | $245,000 | $560,000 | 128.6% | 0.4% |
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $385,000 | $545,000 | 41.6% | 0.4% |
Paramount Residential Mortgage Group, Inc. | $535,000 | n/a | 0.4% | |
SOFI LENDING CORP. | $510,000 | n/a | 0.4% | |
The Central Trust Bank | $510,000 | n/a | 0.4% | |
Elevations Credit Union | $505,000 | n/a | 0.4% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $450,000 | $495,000 | 10.0% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $990,000 | $495,000 | -50.0% | 0.4% |
Platte Valley Bank | $445,000 | n/a | 0.3% | |
Flagstar Bank, FSB | $375,000 | $410,000 | 9.3% | 0.3% |
Loan Simple, Inc. | $795,000 | $410,000 | -48.4% | 0.3% |
Great Western Bank | $405,000 | n/a | 0.3% | |
LENDINGHOME FUNDING CORPORATION | $275,000 | $405,000 | 47.3% | 0.3% |
MOVEMENT MORTGAGE, LLC | $245,000 | $405,000 | 65.3% | 0.3% |
Bank of England | $85,000 | $400,000 | 370.6% | 0.3% |
JPMorgan Chase Bank | $570,000 | $400,000 | -29.8% | 0.3% |
CENTENNIAL LENDING, LLC | $260,000 | $395,000 | 51.9% | 0.3% |
LENDINGONE, LLC | $385,000 | n/a | 0.3% | |
Truist Bank | $230,000 | $375,000 | 63.0% | 0.3% |
CMG MORTGAGE, INC. | $635,000 | $370,000 | -41.7% | 0.3% |
TBK BANK, SSB | $370,000 | n/a | 0.3% | |
GUARANTEED RATE, INC. | $305,000 | $365,000 | 19.7% | 0.3% |
KeyBank | $230,000 | $365,000 | 58.7% | 0.3% |
Adams Bank & Trust | $1,015,000 | $360,000 | -64.5% | 0.3% |
NBH Bank | $125,000 | $350,000 | 180.0% | 0.3% |
Ent Credit Union | $270,000 | $335,000 | 24.1% | 0.2% |
Points West Community Bank | $335,000 | n/a | 0.2% | |
LOANPAL, LLC | $245,000 | $330,000 | 34.7% | 0.2% |
Ally Bank | $305,000 | n/a | 0.2% | |
PHH Mortgage Corporation | $65,000 | $300,000 | 361.5% | 0.2% |
Northpointe Bank | $820,000 | $295,000 | -64.0% | 0.2% |
V.I.P. MORTGAGE, INC. | $295,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $285,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $285,000 | n/a | 0.2% | |
FINANCE OF AMERICA MORTGAGE LLC | $285,000 | $285,000 | 0.0% | 0.2% |
Austin Capital Bank SSB | $350,000 | $275,000 | -21.4% | 0.2% |
BNC National Bank | $275,000 | n/a | 0.2% | |
Franklin Loan Corporation | $155,000 | $265,000 | 71.0% | 0.2% |
NEW DAY FINANCIAL, LLC | $585,000 | $265,000 | -54.7% | 0.2% |
SECURITY SERVICE | $265,000 | n/a | 0.2% | |
M2 Lending Solutions, LLC | $255,000 | n/a | 0.2% | |
COLORADO CREDIT UNION | $250,000 | n/a | 0.2% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $245,000 | n/a | 0.2% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $280,000 | $245,000 | -12.5% | 0.2% |
VAN DYK MORTGAGE CORPORATION | $265,000 | $245,000 | -7.5% | 0.2% |
Figure Lending LLC | $90,000 | $240,000 | 166.7% | 0.2% |
U.S. Bank | $495,000 | $240,000 | -51.5% | 0.2% |
ARC HOME LLC | $235,000 | n/a | 0.2% | |
EVERETT FINANCIAL, INC. | $135,000 | $235,000 | 74.1% | 0.2% |
HOMESIDE FINANCIAL, LLC | $235,000 | n/a | 0.2% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $185,000 | $225,000 | 21.6% | 0.2% |
CLEARPATH LENDING | $165,000 | $225,000 | 36.4% | 0.2% |
GUARANTEED RATE AFFINITY, LLC | $225,000 | n/a | 0.2% | |
CONTOUR MORTGAGE CORPORATION | $215,000 | n/a | 0.2% | |
STEARNS LENDING, LLC | $155,000 | $215,000 | 38.7% | 0.2% |
The Home Loan Expert LLC | $215,000 | n/a | 0.2% | |
First Guaranty Mortgage Corporation | $530,000 | $205,000 | -61.3% | 0.1% |
Nations Lending Corporation | $575,000 | $205,000 | -64.3% | 0.1% |
Flanagan State Bank | $195,000 | n/a | 0.1% | |
Bank of America | $185,000 | n/a | 0.1% | |
Wyndham Capital Mortgage, Inc. | $185,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $205,000 | $185,000 | -9.8% | 0.1% |
Academy Bank | $175,000 | n/a | 0.1% | |
First Interstate Bank | $530,000 | $175,000 | -67.0% | 0.1% |
VILLAGE CAPITAL & INVESTMENT LLC | $900,000 | $170,000 | -81.1% | 0.1% |
AMCAP MORTGAGE, LTD. | $165,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $570,000 | $165,000 | -71.1% | 0.1% |
CANVAS CREDIT UNION | $65,000 | $160,000 | 146.2% | 0.1% |
Lakeview Community Capital, LLC | $155,000 | n/a | 0.1% | |
NOVA FINANCIAL & INVESTMENT CORPORATION | $265,000 | $155,000 | -41.5% | 0.1% |
NATIONS DIRECT MORTGAGE, LLC | $145,000 | n/a | 0.1% | |
AmeriHome Mortgage Company, LLC | $285,000 | $135,000 | -52.6% | 0.1% |
Colten Mortgage, LLC | $135,000 | n/a | 0.1% | |
Gateway First Bank | $230,000 | $135,000 | -41.3% | 0.1% |
NAVY FEDERAL CREDIT UNION | $145,000 | $135,000 | -6.9% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $135,000 | n/a | 0.1% | |
Discover Bank | $35,000 | $125,000 | 257.1% | 0.1% |
JLB CORPORATION | $535,000 | $125,000 | -76.6% | 0.1% |
Manufacturers and Traders Trust Company | $215,000 | $125,000 | -41.9% | 0.1% |
AMERICAN ADVISORS GROUP | $95,000 | $115,000 | 21.1% | 0.1% |
S1L, Inc. | $115,000 | n/a | 0.1% | |
Servion, Inc. | $815,000 | $115,000 | -85.9% | 0.1% |
THE MORTGAGE COMPANY | $115,000 | n/a | 0.1% | |
Northern Colorado Credit Union | $105,000 | n/a | 0.1% | |
BELLCO | $25,000 | $100,000 | 300.0% | 0.1% |
Chicago Mortgage Solutions LLC | $95,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $285,000 | $95,000 | -66.7% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $90,000 | n/a | 0.1% | |
Citibank | $85,000 | n/a | 0.1% | |
SWBC MORTGAGE CORPORATION | $85,000 | n/a | 0.1% | |
MidFirst Bank | $75,000 | n/a | 0.1% |
Sterling's top lender by overall market share is Bank of Colorado, with 20.2% market share. In second place, with 8.9%, is QUICKEN LOANS, LLC, having originated $12,245,000 in loans. In third place, with 5.3%, is EQUITABLE SAVINGS AND LOAN ASSOCIATION, having originated $7,345,000 in loans. In fourth place, with 5.0%, is AMERICAN FINANCING CORPORATION, having originated $6,900,000 in loans. In fifth place, with 4.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $5,655,000 in loans.
Sterling Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $199,425 (58.3%) | $196,739 (21.5%) | 0.00 | 30 |
2018-02-01 | $212,500 (79.4%) | $216,106 (40.2%) | 0.00 | 31 |
2018-03-01 | $199,900 (63.3%) | $196,103 (24.0%) | 0.00 | 34 |
2018-04-01 | $207,225 (41.1%) | $212,913 (16.7%) | 0.00 | 36 |
2018-05-01 | $208,250 (31.0%) | $219,266 (22.0%) | 0.00 | 40 |
2018-06-01 | $202,500 (15.8%) | $232,046 (17.3%) | 0.00 | 37 |
2018-07-01 | $198,675 (17.6%) | $214,692 (12.9%) | 0.00 | 27 |
2018-08-01 | $179,500 (13.4%) | $204,364 (11.2%) | 0.00 | 32 |
2018-09-01 | $175,000 (4.8%) | $197,047 (5.7%) | 0.00 | 34 |
2018-10-01 | $202,750 (22.5%) | $221,000 (14.7%) | 0.00 | 29 |
2018-11-01 | $192,475 (21.0%) | $216,651 (13.2%) | 0.00 | 36 |
2018-12-01 | $175,000 (-12.5%) | $198,616 (2.3%) | 0.00 | 32 |
2019-01-01 | $174,725 (-12.4%) | $206,095 (4.8%) | 0.00 | 34 |
2019-02-01 | $196,850 (-7.4%) | $205,284 (-5.0%) | 0.00 | 38 |
2019-03-01 | $189,664 (-5.1%) | $204,596 (4.3%) | 0.00 | 39 |
2019-04-01 | $186,950 (-9.8%) | $205,875 (-3.3%) | 0.00 | 43 |
2019-05-01 | $180,000 (-13.6%) | $208,898 (-4.7%) | 0.00 | 42 |
2019-06-01 | $175,000 (-13.6%) | $206,475 (-11.0%) | 0.00 | 49 |
2019-07-01 | $164,875 (-17.0%) | $186,586 (-13.1%) | 0.00 | 48 |
2019-08-01 | $178,418 (-0.6%) | $218,243 (6.8%) | 0.00 | 50 |
2019-09-01 | $201,245 (15.0%) | $271,158 (37.6%) | 0.00 | 46 |
2019-10-01 | $218,500 (7.8%) | $308,514 (39.6%) | 0.00 | 43 |
2019-11-01 | $220,000 (14.3%) | $310,747 (43.4%) | 0.00 | 40 |
2019-12-01 | $223,500 (27.7%) | $337,942 (70.2%) | 0.00 | 37 |
2020-01-01 | $224,500 (28.5%) | $310,846 (50.8%) | 0.00 | 37 |
2020-02-01 | $225,000 (14.3%) | $267,696 (30.4%) | 0.00 | 36 |
2020-03-01 | $234,000 (23.4%) | $266,327 (30.2%) | 0.00 | 36 |
2020-04-01 | $225,975 (20.9%) | $349,290 (69.7%) | 0.00 | 33 |
2020-05-01 | $235,000 (30.6%) | $377,033 (80.5%) | 0.00 | 30 |
2020-06-01 | $239,900 (37.1%) | $421,905 (104.3%) | 0.00 | 29 |
2020-07-01 | $211,200 (28.1%) | $393,056 (110.7%) | 0.00 | 28 |
2020-08-01 | $199,000 (11.5%) | $360,509 (65.2%) | 0.00 | 35 |
2020-09-01 | $214,000 (6.3%) | $291,631 (7.6%) | 0.00 | 38 |
2020-10-01 | $210,000 (-3.9%) | $280,164 (-9.2%) | 0.00 | 35 |
2020-11-01 | $216,250 (-1.7%) | $302,297 (-2.7%) | 0.00 | 28 |
2020-12-01 | $219,950 (-1.6%) | $310,776 (-8.0%) | 0.00 | 22 |
2021-01-01 | $227,400 (1.3%) | $330,596 (6.4%) | 0.00 | 20 |
2021-02-01 | $192,500 (-14.4%) | $255,887 (-4.4%) | 0.00 | 19 |
2021-03-01 | $207,500 (-11.3%) | $248,855 (-6.6%) | 0.00 | 20 |
2021-04-01 | $192,000 (-15.0%) | $254,463 (-27.2%) | 0.00 | 16 |
2021-05-01 | $249,900 (6.3%) | $282,565 (-25.1%) | 0.00 | 13 |
2021-06-01 | $257,975 (7.5%) | $277,453 (-34.2%) | 0.00 | 16 |
2021-07-01 | $249,450 (18.1%) | $267,488 (-32.0%) | 0.00 | 27 |
2021-08-01 | $249,975 (25.6%) | $293,301 (-18.6%) | 0.00 | 31 |
2021-09-01 | $248,125 (16.0%) | $309,554 (6.2%) | 0.00 | 29 |
2021-10-01 | $254,000 (21.0%) | $329,329 (17.6%) | 0.00 | 29 |
2021-11-01 | $199,450 (-7.8%) | $388,655 (28.6%) | 0.00 | 32 |
2021-12-01 | $224,975 (2.3%) | $309,953 (-0.3%) | 0.00 | 51 |
2022-01-01 | $202,500 (-11.0%) | $247,893 (-25.0%) | 0.00 | 25 |
2022-02-01 | $188,350 (-2.2%) | $225,144 (-12.0%) | 0.00 | 25 |
2022-03-01 | $181,875 (-12.4%) | $231,882 (-6.8%) | 0.00 | 27 |
2022-04-01 | $197,200 (2.7%) | $256,363 (0.8%) | 0.00 | 18 |
2022-05-01 | $232,000 (-7.2%) | $286,865 (1.5%) | 0.00 | 20 |
2022-06-01 | $231,250 (-10.4%) | $309,099 (11.4%) | 0.00 | 33 |
2022-07-01 | $225,000 (-9.8%) | $290,584 (8.6%) | 0.00 | 51 |
2022-08-01 | $228,061 (-8.8%) | $291,925 (-0.5%) | 0.00 | 65 |
2022-09-01 | $239,500 (-3.5%) | $310,144 (0.2%) | 0.00 | 58 |
2022-10-01 | $266,950 (5.1%) | $335,974 (2.0%) | 0.00 | 61 |
2022-11-01 | $252,400 (26.6%) | $322,841 (-16.9%) | 0.00 | 65 |
2022-12-01 | $249,900 (11.1%) | $310,175 (0.1%) | 0.00 | 56 |
2023-01-01 | $259,950 (28.4%) | $350,480 (41.4%) | 0.00 | 50 |
2023-02-01 | $254,300 (35.0%) | $348,513 (54.8%) | 0.00 | 47 |
Sterling's median listing price comes in at 0% of the national average.
Sterling's average listing price for 2023-02-01 was $348,513, a difference of $123,369 (54.8%) versus the prior year and $-1,967 versus the prior month.
For the 2023-02-01 period, Sterling had 47 MLS listings, a difference of -3 listings (-6%) versus the prior month and 22 listings (88%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,067 sqft |
2018-02-01 | 0 days | 2,060 sqft |
2018-03-01 | 0 days | 2,142 sqft |
2018-04-01 | 0 days | 2,234 sqft |
2018-05-01 | 0 days | 2,253 sqft |
2018-06-01 | 0 days | 2,224 sqft |
2018-07-01 | 0 days | 2,154 sqft |
2018-08-01 | 0 days | 2,088 sqft |
2018-09-01 | 0 days | 1,992 sqft |
2018-10-01 | 0 days | 1,954 sqft |
2018-11-01 | 0 days | 2,190 sqft |
2018-12-01 | 0 days | 2,094 sqft |
2019-01-01 | 0 days | 2,069 sqft |
2019-02-01 | 0 days | 2,042 sqft |
2019-03-01 | 0 days | 2,104 sqft |
2019-04-01 | 0 days | 2,159 sqft |
2019-05-01 | 0 days | 2,018 sqft |
2019-06-01 | 0 days | 2,020 sqft |
2019-07-01 | 0 days | 1,940 sqft |
2019-08-01 | 0 days | 1,907 sqft |
2019-09-01 | 0 days | 2,057 sqft |
2019-10-01 | 0 days | 2,157 sqft |
2019-11-01 | 0 days | 2,208 sqft |
2019-12-01 | 0 days | 2,208 sqft |
2020-01-01 | 0 days | 2,022 sqft |
2020-02-01 | 0 days | 2,195 sqft |
2020-03-01 | 0 days | 2,091 sqft |
2020-04-01 | 0 days | 1,966 sqft |
2020-05-01 | 0 days | 2,006 sqft |
2020-06-01 | 0 days | 2,301 sqft |
2020-07-01 | 0 days | 1,703 sqft |
2020-08-01 | 0 days | 1,725 sqft |
2020-09-01 | 0 days | 1,756 sqft |
2020-10-01 | 0 days | 1,725 sqft |
2020-11-01 | 0 days | 1,990 sqft |
2020-12-01 | 0 days | 2,110 sqft |
2021-01-01 | 0 days | 1,914 sqft |
2021-02-01 | 0 days | 1,490 sqft |
2021-03-01 | 0 days | 1,614 sqft |
2021-04-01 | 0 days | 1,610 sqft |
2021-05-01 | 0 days | 2,153 sqft |
2021-06-01 | 0 days | 1,940 sqft |
2021-07-01 | 0 days | 1,975 sqft |
2021-08-01 | 0 days | 2,147 sqft |
2021-09-01 | 0 days | 2,107 sqft |
2021-10-01 | 0 days | 2,115 sqft |
2021-11-01 | 0 days | 1,915 sqft |
2021-12-01 | 0 days | 1,908 sqft |
2022-01-01 | 0 days | 1,572 sqft |
2022-02-01 | 0 days | 1,624 sqft |
2022-03-01 | 0 days | 1,521 sqft |
2022-04-01 | 0 days | 1,614 sqft |
2022-05-01 | 0 days | 1,586 sqft |
2022-06-01 | 0 days | 1,546 sqft |
2022-07-01 | 0 days | 1,579 sqft |
2022-08-01 | 0 days | 1,678 sqft |
2022-09-01 | 0 days | 1,847 sqft |
2022-10-01 | 0 days | 1,866 sqft |
2022-11-01 | 0 days | 1,834 sqft |
2022-12-01 | 0 days | 1,744 sqft |
2023-01-01 | 0 days | 1,815 sqft |
2023-02-01 | 0 days | 1,729 sqft |
Sterling's median square footage for active listings during the 2023-02-01 period was 1,729 sqft. One year prior, the average listing was 1,624 sqft.
Sterling, CO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 324 | $62,180,000 | $191,914 |
Refi | 213 | $39,315,000 | $184,577 |
Cash Out Refi | 191 | $32,905,000 | $172,277 |
Home Improvement | 17 | $1,595,000 | $93,824 |
Other | 17 | $1,595,000 | $93,824 |
Sterling's most frequently cited loan purpose was Home Purchase, with 324 originations. The 2nd most popular reason was Refi, with 213 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 265 | $50,715,000 | $191,377 |
3-4% | 258 | $48,580,000 | $188,295 |
<2.5% | 112 | $20,190,000 | $180,268 |
4-5% | 46 | $8,020,000 | $174,348 |
5-6% | 7 | $695,000 | $99,286 |
Over 8% | 6 | $550,000 | $91,667 |
7-8% | 3 | $245,000 | $81,667 |
6-7% | 1 | $25,000 | $25,000 |
During 2021, Sterling's most frequently originated rate bucket was 2.5-3%, with 265 originations.
Loan Sizing (Sterling, CO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 340 | $50,730,000 | $149,206 |
$200k-400k | 250 | $65,970,000 | $263,880 |
$100,000 or less | 151 | $9,585,000 | $63,477 |
$400k-600k | 18 | $8,170,000 | $453,889 |
$Over $1MM | 2 | $2,510,000 | $1,255,000 |
$600k-1000k | 1 | $625,000 | $625,000 |
Sterling's loan sizing saw the bucket of loans from $100k-200k with 340 originations, totaling $50,730,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 270 | $57,660,000 | $213,556 |
60-80% | 261 | $48,985,000 | $187,682 |
40-60% | 74 | $10,550,000 | $142,568 |
20-40% | 39 | $3,685,000 | $94,487 |
Under 20% | 30 | $340,000 | $11,333 |
Over 100% | 6 | $2,530,000 | $421,667 |
Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 270 originations, totaling $57,660,000 in origination value.