Sterling Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sterling averaged
7.19%
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
7.02% and
one month ago for the week of 2025-05-15, the
average rate was 6.79%.
Sterling's average rate one year ago was 7.13%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.81%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Sterling 30 Year Fixed Rate | 2025-06-18 | 7.19% |
| Sterling 30 Year Fixed Rate Refi | 2025-06-18 | 6.81% |
| Sterling 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Sterling 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
| Sterling 30 Year FHA | 2025-06-18 | -0.2% |
| Sterling 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Sterling 30 Year USDA | 2025-06-18 | -0.2% |
| Sterling 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Sterling 30 Year VA | 2025-06-18 | -0.1% |
| Sterling 30 Year VA Refi | 2025-06-18 | 0.2% |
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 38 lenders originated 403
loans during 2024. The total origination value was $71,705,000, with an average loan value of
$177,928.
Sterling's average closing costs are $5,409.
The top Sterling lender as defined by loan originations is Bank of Colorado, with
29 loans originated. Their average total fees are
$6,012, which is $93
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Sterling lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($5,919), Bank of Colorado ($6,012), UNITED WHOLESALE MORTGAGE, LLC ($6,119), .
The lowest rate Sterling lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.59%), Bank of Colorado (6.70%), UNITED WHOLESALE MORTGAGE, LLC (6.82%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Bank of Colorado | $18,145,000 | $14,630,000 | -19.4% | 20.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,590,000 | $9,330,000 | 103.3% | 13.0% |
| GUILD MORTGAGE COMPANY | $2,625,000 | $5,920,000 | 125.5% | 8.3% |
| EQUITABLE SAVINGS AND LOAN ASSOCIATION | $1,980,000 | $5,095,000 | 157.3% | 7.1% |
| QUICKEN LOANS, LLC | $5,080,000 | $4,935,000 | -2.9% | 6.9% |
| BMO Harris Bank | $1,195,000 | $1,505,000 | 25.9% | 2.1% |
| LENDINGHOME FUNDING CORPORATION | $1,380,000 | $1,325,000 | -4.0% | 1.8% |
| BROKER SOLUTIONS, INC. | $850,000 | $1,240,000 | 45.9% | 1.7% |
| GUARANTEED RATE, INC. | $1,215,000 | n/a | 1.7% | |
| Independent Bank | $2,015,000 | $1,185,000 | -41.2% | 1.7% |
| AMERICAN FINANCING CORPORATION | $1,060,000 | $1,025,000 | -3.3% | 1.4% |
| Financial Funding Solutions, Inc. | $390,000 | $965,000 | 147.4% | 1.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $460,000 | $895,000 | 94.6% | 1.2% |
| Mortgage Research Center, LLC | $665,000 | $795,000 | 19.5% | 1.1% |
| LOANDEPOT.COM, LLC | $770,000 | n/a | 1.1% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,635,000 | $740,000 | -54.7% | 1.0% |
| TOWNE MORTGAGE COMPANY | $205,000 | $670,000 | 226.8% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $450,000 | $655,000 | 45.6% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $940,000 | $635,000 | -32.4% | 0.9% |
| First Western Trust Bank | $335,000 | $595,000 | 77.6% | 0.8% |
| The Federal Savings Bank | $570,000 | n/a | 0.8% | |
| Loan Simple, Inc. | $225,000 | $500,000 | 122.2% | 0.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $315,000 | $490,000 | 55.6% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $565,000 | $490,000 | -13.3% | 0.7% |
| The Loan Store, Inc. | $205,000 | $490,000 | 139.0% | 0.7% |
| MEGASTAR FINANCIAL CORP. | $485,000 | n/a | 0.7% | |
| Adams Bank & Trust | $455,000 | n/a | 0.6% | |
| PHH Mortgage Corporation | $430,000 | n/a | 0.6% | |
| VERITAS FUNDING, LLC | $420,000 | n/a | 0.6% | |
| V.I.P. MORTGAGE, INC. | $625,000 | $415,000 | -33.6% | 0.6% |
| Points West Community Bank | $330,000 | $410,000 | 24.2% | 0.6% |
| NEW DAY FINANCIAL, LLC | $405,000 | n/a | 0.6% | |
| Equity Prime Mortgage LLC | $560,000 | $390,000 | -30.4% | 0.5% |
| SUN WEST MORTGAGE COMPANY, INC. | $380,000 | n/a | 0.5% | |
| UNION HOME MORTGAGE CORP. | $380,000 | n/a | 0.5% | |
| VILLAGE CAPITAL MORTGAGE | $375,000 | n/a | 0.5% | |
| U.S. Bank | $75,000 | $370,000 | 393.3% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $200,000 | $360,000 | 80.0% | 0.5% |
| CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $440,000 | $350,000 | -20.5% | 0.5% |
| Plains Commerce Bank | $340,000 | n/a | 0.5% | |
| NP, Inc. | $335,000 | n/a | 0.5% | |
| LOANPAL, LLC | $320,000 | $330,000 | 3.1% | 0.5% |
| S1L, Inc. | $465,000 | $315,000 | -32.3% | 0.4% |
| The Huntington National Bank | $545,000 | $305,000 | -44.0% | 0.4% |
| Wells Fargo Bank | $675,000 | $305,000 | -54.8% | 0.4% |
| Figure Lending LLC | $15,000 | $290,000 | 1,833.3% | 0.4% |
| Century Mortgage Company DBA Century Lending Company | $285,000 | n/a | 0.4% | |
| American Mortgage & Equity Consultants, Inc. | $275,000 | n/a | 0.4% | |
| EVERETT FINANCIAL, INC. | $225,000 | $275,000 | 22.2% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $235,000 | $275,000 | 17.0% | 0.4% |
| FMS Bank | $255,000 | n/a | 0.4% | |
| Ixonia Bank | $95,000 | $245,000 | 157.9% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $290,000 | $245,000 | -15.5% | 0.3% |
| NEWREZ LLC | $235,000 | n/a | 0.3% | |
| THE MORTGAGE COMPANY | $235,000 | n/a | 0.3% | |
| Nations Lending Corporation | $225,000 | $225,000 | 0.0% | 0.3% |
| RANLIFE, INC. | $225,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $385,000 | $215,000 | -44.2% | 0.3% |
| CANOPY MORTGAGE, LLC | $215,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $200,000 | n/a | 0.3% | |
| PENNYMAC LOAN SERVICES, LLC | $780,000 | $185,000 | -76.3% | 0.3% |
| CANVAS CREDIT UNION | $55,000 | $170,000 | 209.1% | 0.2% |
| Flagstar Bank, FSB | $165,000 | n/a | 0.2% | |
| HOMESIDE FINANCIAL, LLC | $165,000 | n/a | 0.2% | |
| Gateway First Bank | $155,000 | n/a | 0.2% | |
| A&D Mortgage LLC | $145,000 | n/a | 0.2% | |
| Cornerstone First Mortgage, Inc | $125,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $125,000 | n/a | 0.2% | |
| GENEVA FINANCIAL, LLC | $115,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $105,000 | n/a | 0.1% | |
| GEORGIA'S OWN | $105,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $105,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $95,000 | n/a | 0.1% | |
| Coastal Community Bank | $90,000 | n/a | 0.1% | |
| GTE Federal Credit Union | $85,000 | n/a | 0.1% | |
| US MORTGAGE CORPORATION | $85,000 | n/a | 0.1% | |
| High Plains Bank | $75,000 | n/a | 0.1% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $65,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $350,000 | $65,000 | -81.4% | 0.1% |
| Discover Bank | $305,000 | $55,000 | -82.0% | 0.1% |
| PREMIER MEMBERS CREDIT UNION | $45,000 | n/a | 0.1% | |
| BOKF | $220,000 | $35,000 | -84.1% | 0.0% |
| 21ST MORTGAGE CORPORATION | $150,000 | $25,000 | -83.3% | 0.0% |
| NAVY FEDERAL CREDIT UNION | $55,000 | $15,000 | -72.7% | 0.0% |
Sterling's top lender by overall market share is Bank of Colorado, with 20.4% market share. In second place, with 13.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $9,330,000 in loans. In third place, with 8.3%, is GUILD MORTGAGE COMPANY, having originated $5,920,000 in loans. In fourth place, with 7.1%, is EQUITABLE SAVINGS AND LOAN ASSOCIATION, having originated $5,095,000 in loans. In fifth place, with 6.9%, is QUICKEN LOANS, LLC, having originated $4,935,000 in loans.
Sterling, CO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 230 | $46,460,000 | $202,000 |
| Cash Out Refi | 58 | $11,520,000 | $198,621 |
| Refi | 46 | $8,600,000 | $186,957 |
| Other | 40 | $3,370,000 | $84,250 |
| Home Improvement | 29 | $1,755,000 | $60,517 |
Sterling's most frequently cited loan purpose was Home Purchase, with 230 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 145 | $33,345,000 | $229,966 |
| Over 8% | 80 | $8,360,000 | $104,500 |
| 7-8% | 75 | $13,185,000 | $175,800 |
| 5-6% | 48 | $10,360,000 | $215,833 |
| <2.5% | 20 | $200,000 | $10,000 |
| 4-5% | 1 | $165,000 | $165,000 |
| 2.5-3% | 1 | $245,000 | $245,000 |
During 2024, Sterling's most frequently originated rate bucket was 6-7%, with 145 originations.
Loan Sizing (Sterling, CO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 149 | $40,395,000 | $271,107 |
| $100k-200k | 131 | $19,495,000 | $148,817 |
| $100,000 or less | 109 | $5,295,000 | $48,578 |
| $400k-600k | 14 | $6,520,000 | $465,714 |
Sterling's loan sizing saw the bucket of loans from $200k-400k with 149 originations, totaling $40,395,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 158 | $38,460,000 | $243,418 |
| 60-80% | 87 | $16,095,000 | $185,000 |
| Under 20% | 59 | $1,875,000 | $31,780 |
| 20-40% | 35 | $3,495,000 | $99,857 |
| 40-60% | 29 | $5,075,000 | $175,000 |
| Over 100% | 1 | $275,000 | $275,000 |
Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 158 originations, totaling $38,460,000 in origination value.