Sterling Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Sterling averaged 6.73% for the week of 2024-05-23, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-05-16) was 7.11% and one month ago for the week of 2024-04-18, the average rate was 7.29%.

Sterling's average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-05-23, the average rate was 6.84%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-23 6.94%
Sterling 30 Year Fixed Rate 2024-05-23 6.73%
Sterling 30 Year Fixed Rate Refi 2024-05-23 6.84%
Sterling 15 Year Fixed Rate 2024-05-23 6.34%
Sterling 15 Year Fixed Rate Refi 2024-05-23 6.74%
Sterling 30 Year FHA 2024-05-23 6.55%
Sterling 30 Year FHA Refi 2024-05-23 6.85%
Sterling 30 Year USDA 2024-05-23 6.54%
Sterling 30 Year USDA Refi 2024-05-23 6.94%
Sterling 30 Year VA 2024-05-23 6.47%
Sterling 30 Year VA Refi 2024-05-23 6.37%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Sterling, CO.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Bank of Colorado 32 6.61% $5,753
QUICKEN LOANS, LLC 12 6.98% $6,364
UNITED WHOLESALE MORTGAGE, LLC 11 7.16% $6,057
Independent Bank 7 6.30% $4,175
GUILD MORTGAGE COMPANY 6 6.92% $4,632
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.42% $7,916
CROSSCOUNTRY MORTGAGE, LLC 3 6.63% $6,035
BMO Harris Bank 3 7.33% $5,753
BROKER SOLUTIONS, INC. 2 7.11% $4,948
Financial Funding Solutions, Inc. 2 6.13% $5,092
Mr. Cooper ( Nationstar Mortgage ) 2 7.18% $9,361
AMERICAN FINANCING CORPORATION 2 6.56% $6,048
Wells Fargo Bank 2 6.50% $4,296
NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.50% $4,326
OCEANSIDE MORTGAGE COMPANY 1 5.88% $1,656
PLANET HOME LENDING, LLC 1 6.25% $4,872
S1L, Inc. 1 7.63% $4,503
Sunflower Bank 1 7.75% $4,774
The Huntington National Bank 1 7.00% $9,728
The Loan Store, Inc. 1 6.00% $5,878
TOWNE MORTGAGE COMPANY 1 5.13% $9,986
UNIVERSAL LENDING CORPORATION 1 6.25% $2,506
USAA Federal Savings Bank 1 6.88% $3,266
V.I.P. MORTGAGE, INC. 1 5.99% $5,592
FREEDOM MORTGAGE CORPORATION 1 6.63% $3,763
AMERISAVE MORTGAGE CORPORATION 1 5.99% $12,322
BAY EQUITY LLC 1 7.49% $3,023
CMG MORTGAGE, INC. 1 6.63% $3,475
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION 1 5.13% $6,284
Discover Bank 1 6.49% $0
Elevations Credit Union 1 7.50% $3,089
Ent Credit Union 1 6.75% $2,345
EVERETT FINANCIAL, INC. 1 6.50% $7,765
Farm Credit Mid-America, ACA 1 7.00% $6,825
First Western Trust Bank 1 6.75% $915
Ally Bank 1 6.75% $11,906
Jonah Bank of Wyoming 1 6.50% $3,622

Sterling Average Closing Costs & Other Stats

Sterling, CO's 37 lenders originated 354 loans during 2023. The total origination value was $64,000,000, with an average loan value of $180,791.

Sterling's average closing costs are $5,141.

The top Sterling lender as defined by loan originations is Bank of Colorado, with 32 loans originated. Their average total fees are $5,753, which is $611 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Sterling lenders (with over 10 loans originated) are Bank of Colorado ($5,753), UNITED WHOLESALE MORTGAGE, LLC ($6,057), QUICKEN LOANS, LLC ($6,364), .

The lowest rate Sterling lenders (with over 10 loans originated) are Bank of Colorado (6.61%), QUICKEN LOANS, LLC (6.98%), UNITED WHOLESALE MORTGAGE, LLC (7.16%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Bank of Colorado $22,475,000 $18,145,000 -19.3% 28.4%
QUICKEN LOANS, LLC $5,870,000 $5,080,000 -13.5% 7.9%
UNITED WHOLESALE MORTGAGE, LLC $5,795,000 $4,590,000 -20.8% 7.2%
GUILD MORTGAGE COMPANY $2,565,000 $2,625,000 2.3% 4.1%
Independent Bank $1,835,000 $2,015,000 9.8% 3.1%
EQUITABLE SAVINGS AND LOAN ASSOCIATION $4,635,000 $1,980,000 -57.3% 3.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,475,000 $1,635,000 -52.9% 2.6%
LENDINGHOME FUNDING CORPORATION $435,000 $1,380,000 217.2% 2.2%
BMO Harris Bank $1,195,000 n/a 1.9%
AMERICAN FINANCING CORPORATION $4,240,000 $1,060,000 -75.0% 1.7%
Mr. Cooper ( Nationstar Mortgage ) $220,000 $940,000 327.3% 1.5%
Ent Credit Union $910,000 n/a 1.4%
BROKER SOLUTIONS, INC. $475,000 $850,000 78.9% 1.3%
PENNYMAC LOAN SERVICES, LLC $695,000 $780,000 12.2% 1.2%
Wells Fargo Bank $730,000 $675,000 -7.5% 1.1%
Mortgage Research Center, LLC $1,880,000 $665,000 -64.6% 1.0%
V.I.P. MORTGAGE, INC. $625,000 n/a 1.0%
CROSSCOUNTRY MORTGAGE, LLC $1,015,000 $565,000 -44.3% 0.9%
Equity Prime Mortgage LLC $560,000 n/a 0.9%
Carrington Mortgage Services, LLC $515,000 $550,000 6.8% 0.9%
The Huntington National Bank $545,000 n/a 0.9%
Elevations Credit Union $95,000 $530,000 457.9% 0.8%
First FarmBank $525,000 n/a 0.8%
UNIVERSAL LENDING CORPORATION $1,600,000 $485,000 -69.7% 0.8%
S1L, Inc. $1,045,000 $465,000 -55.5% 0.7%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,285,000 $460,000 -64.2% 0.7%
FREEDOM MORTGAGE CORPORATION $875,000 $450,000 -48.6% 0.7%
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION $260,000 $440,000 69.2% 0.7%
Farm Credit Mid-America, ACA $415,000 n/a 0.6%
Financial Funding Solutions, Inc. $1,760,000 $390,000 -77.8% 0.6%
AMERISAVE MORTGAGE CORPORATION $925,000 $385,000 -58.4% 0.6%
CARDINAL FINANCIAL $375,000 n/a 0.6%
AMERICAN FINANCIAL NETWORK, INC. $355,000 n/a 0.6%
PRIMELENDING, A PLAINSCAPITAL COMPANY $490,000 $350,000 -28.6% 0.5%
USAA Federal Savings Bank $350,000 n/a 0.5%
First Western Trust Bank $405,000 $335,000 -17.3% 0.5%
Points West Community Bank $485,000 $330,000 -32.0% 0.5%
LOANPAL, LLC $690,000 $320,000 -53.6% 0.5%
AMERICAN PACIFIC MORTGAGE CORPORATION $115,000 $315,000 173.9% 0.5%
Discover Bank $180,000 $305,000 69.4% 0.5%
NOVA FINANCIAL & INVESTMENT CORPORATION $405,000 $300,000 -25.9% 0.5%
AMCAP MORTGAGE, LTD. $175,000 $295,000 68.6% 0.5%
Paramount Residential Mortgage Group, Inc. $830,000 $290,000 -65.1% 0.5%
Ally Bank $285,000 n/a 0.4%
Merchants Mortgage & Trust Corporation $250,000 n/a 0.4%
LAKEVIEW LOAN SERVICING, LLC $665,000 $235,000 -64.7% 0.4%
Citizens Bank $225,000 n/a 0.4%
EVERETT FINANCIAL, INC. $440,000 $225,000 -48.9% 0.4%
IDEAL HOME LOANS LLC $225,000 n/a 0.4%
Loan Simple, Inc. $490,000 $225,000 -54.1% 0.4%
Nations Lending Corporation $185,000 $225,000 21.6% 0.4%
NBH Bank $535,000 $225,000 -57.9% 0.4%
ZILLOW HOME LOANS, LLC $225,000 n/a 0.4%
BOKF $580,000 $220,000 -62.1% 0.3%
LAND HOME FINANCIAL SERVICES, INC. $215,000 n/a 0.3%
CITYWIDE HOME LOANS, LLC $175,000 $205,000 17.1% 0.3%
COLORADO CREDIT UNION $205,000 n/a 0.3%
NATIONS RELIABLE LENDING, LLC $205,000 n/a 0.3%
The Loan Store, Inc. $205,000 n/a 0.3%
TOWNE MORTGAGE COMPANY $205,000 n/a 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $200,000 n/a 0.3%
CIVIC FINANCIAL SERVICES, LLC $800,000 $195,000 -75.6% 0.3%
Jonah Bank of Wyoming $195,000 n/a 0.3%
M&T Bank $195,000 n/a 0.3%
BAY EQUITY LLC $185,000 n/a 0.3%
CMG MORTGAGE, INC. $400,000 $185,000 -53.8% 0.3%
Sunflower Bank $245,000 $185,000 -24.5% 0.3%
Waterstone Mortgage Corporation $185,000 n/a 0.3%
SPRING EQ, LLC $160,000 n/a 0.3%
MICHIGAN MUTUAL, INC. $155,000 n/a 0.2%
21ST MORTGAGE CORPORATION $150,000 n/a 0.2%
MOUNTAIN WEST FINANCIAL, INC. $150,000 n/a 0.2%
CENTENNIAL LENDING, LLC $185,000 $135,000 -27.0% 0.2%
OCEANSIDE MORTGAGE COMPANY $125,000 n/a 0.2%
SECURITY SERVICE $65,000 $110,000 69.2% 0.2%
PLANET HOME LENDING, LLC $350,000 $105,000 -70.0% 0.2%
First Western Federal Savings Bank $95,000 n/a 0.1%
Ixonia Bank $95,000 n/a 0.1%
U.S. Bank $200,000 $75,000 -62.5% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $215,000 $75,000 -65.1% 0.1%
Credit Union of Denver $65,000 n/a 0.1%
KeyBank $290,000 $60,000 -79.3% 0.1%
CANVAS CREDIT UNION $290,000 $55,000 -81.0% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $55,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $795,000 $55,000 -93.1% 0.1%
Weld Schools Credit Union $55,000 n/a 0.1%
Sooper Credit Union $45,000 n/a 0.1%
BELLCO $250,000 $40,000 -84.0% 0.1%
Figure Lending LLC $110,000 $15,000 -86.4% 0.0%

Sterling's top lender by overall market share is Bank of Colorado, with 28.4% market share. In second place, with 7.9%, is QUICKEN LOANS, LLC, having originated $5,080,000 in loans. In third place, with 7.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,590,000 in loans. In fourth place, with 4.1%, is GUILD MORTGAGE COMPANY, having originated $2,625,000 in loans. In fifth place, with 3.1%, is Independent Bank, having originated $2,015,000 in loans.


Sterling Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Sterling (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 $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 (12.5%) 0.00 27
2018-08-01 $179,500 (13.3%) $204,364 (11.1%) 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%) $217,254 (13.5%) 0.00 36
2018-12-01 $175,000 (-12.5%) $199,298 (2.7%) 0.00 32
2019-01-01 $175,950 (-11.8%) $207,411 (5.4%) 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 (43.0%) 0.00 40
2019-12-01 $223,500 (27.7%) $337,942 (69.6%) 0.00 37
2020-01-01 $224,500 (27.6%) $310,846 (49.9%) 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
2023-03-01 $223,500 (22.9%) $326,806 (40.9%) 0.00 49
2023-04-01 $245,000 (24.2%) $328,679 (28.2%) 0.00 56
2023-05-01 $249,725 (7.6%) $349,205 (21.7%) 0.00 54
2023-06-01 $277,500 (20.0%) $351,199 (13.6%) 0.00 51
2023-07-01 $299,000 (32.9%) $316,996 (9.1%) 0.00 59
2023-08-01 $316,750 (38.9%) $361,234 (23.7%) 0.00 67
2023-09-01 $311,500 (30.1%) $361,518 (16.6%) 0.00 67
2023-10-01 $311,225 (16.6%) $359,015 (6.9%) 0.00 73
2023-11-01 $302,475 (19.8%) $355,750 (10.2%) 0.00 73
2023-12-01 $299,950 (20.0%) $349,982 (12.8%) 0.00 69
2024-01-01 $311,175 (19.7%) $329,182 (-6.1%) 0.00 55
2024-02-01 $298,750 (17.5%) $319,965 (-8.2%) 0.00 50
2024-03-01 $289,450 (29.5%) $326,048 (-0.2%) 0.00 55
2024-04-01 $297,250 (21.3%) $367,817 (11.9%) 0.00 60
Sterling's median listing price for 2024-04-01 was $297,250, a difference of $52,250 (21.3%) versus the prior year and $7,800 versus the prior month.

Sterling's median listing price comes in at 0% of the national average.

Sterling's average listing price for 2024-04-01 was $367,817, a difference of $39,138 (11.9%) versus the prior year and $41,769 versus the prior month.

For the 2024-04-01 period, Sterling had 60 MLS listings, a difference of 5 listings (9%) versus the prior month and 4 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date 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 2,231 sqft
2018-07-01 0 days 2,171 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
2023-03-01 0 days 1,489 sqft
2023-04-01 0 days 1,506 sqft
2023-05-01 0 days 1,761 sqft
2023-06-01 0 days 1,817 sqft
2023-07-01 0 days 2,056 sqft
2023-08-01 0 days 2,080 sqft
2023-09-01 0 days 2,058 sqft
2023-10-01 0 days 2,007 sqft
2023-11-01 0 days 2,057 sqft
2023-12-01 0 days 2,056 sqft
2024-01-01 0 days 2,158 sqft
2024-02-01 0 days 2,092 sqft
2024-03-01 0 days 1,988 sqft
2024-04-01 0 days 2,091 sqft
Sterling's median listing age (time on market) for 2024-04-01 was 0 days.

Sterling's median square footage for active listings during the 2024-04-01 period was 2,091 sqft. One year prior, the average listing was 1,506 sqft.

Sterling, CO Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 234 $47,900,000 $204,701
Cash Out Refi 44 $8,020,000 $182,273
Other 28 $2,190,000 $78,214
Home Improvement 25 $1,955,000 $78,200
Refi 23 $3,935,000 $171,087

Sterling's most frequently cited loan purpose was Home Purchase, with 234 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 114 $26,120,000 $229,123
7-8% 83 $16,535,000 $199,217
Over 8% 66 $7,030,000 $106,515
5-6% 51 $10,925,000 $214,216
<2.5% 12 $100,000 $8,333
4-5% 1 $165,000 $165,000
3-4% 1 $115,000 $115,000
2.5-3% 1 $15,000 $15,000

During 2023, Sterling's most frequently originated rate bucket was 6-7%, with 114 originations.

Loan Sizing (Sterling, CO MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 134 $36,410,000 $271,716
$100k-200k 118 $18,310,000 $155,169
$100,000 or less 92 $4,680,000 $50,870
$400k-600k 10 $4,600,000 $460,000

Sterling's loan sizing saw the bucket of loans from $200k-400k with 134 originations, totaling $36,410,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 138 $32,040,000 $232,174
60-80% 88 $18,620,000 $211,591
Under 20% 45 $1,505,000 $33,444
40-60% 27 $5,005,000 $185,370
20-40% 26 $2,410,000 $92,692
Over 100% 6 $1,390,000 $231,667

Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 138 originations, totaling $32,040,000 in origination value.