Sterling Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Sterling averaged 7.09% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.77% and one month ago for the week of 2024-03-14, the average rate was 6.73%.

    Sterling's average rate one year ago was 6.36%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.3%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Sterling 30 Year Fixed Rate 2024-04-18 7.09%
    Sterling 30 Year Fixed Rate Refi 2024-04-18 7.3%
    Sterling 15 Year Fixed Rate 2024-04-18 6.59%
    Sterling 15 Year Fixed Rate Refi 2024-04-18 6.79%
    Sterling 30 Year FHA 2024-04-18 6.86%
    Sterling 30 Year FHA Refi 2024-04-18 7.06%
    Sterling 30 Year USDA 2024-04-18 6.66%
    Sterling 30 Year USDA Refi 2024-04-18 6.66%
    Sterling 30 Year VA 2024-04-18 6.86%
    Sterling 30 Year VA Refi 2024-04-18 6.76%
    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
    Sterling's median listing price for 2024-03-01 was $289,450, a difference of $65,950 (29.5%) versus the prior year and $-9,300 versus the prior month.

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

    Sterling's average listing price for 2024-03-01 was $326,048, a difference of $-758 (-0.2%) versus the prior year and $6,083 versus the prior month.

    For the 2024-03-01 period, Sterling had 55 MLS listings, a difference of 5 listings (10%) versus the prior month and 6 listings (12%) 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
    Sterling's median listing age (time on market) for 2024-03-01 was 0 days.

    Sterling's median square footage for active listings during the 2024-03-01 period was 1,988 sqft. One year prior, the average listing was 1,489 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.