Sterling Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sterling averaged
7.17%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.22% and
one month ago for the week of 2023-10-19, the
average rate was 7.41%.
Sterling's average rate one year ago was 6.49%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.49%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Sterling 30 Year Fixed Rate | 2023-11-22 | 7.17% |
Sterling 30 Year Fixed Rate Refi | 2023-11-22 | 7.49% |
Sterling 15 Year Fixed Rate | 2023-11-22 | 6.67% |
Sterling 15 Year Fixed Rate Refi | 2023-11-22 | 7.07% |
Sterling 30 Year FHA | 2023-11-22 | -0.57% |
Sterling 30 Year FHA Refi | 2023-11-22 | 0% |
Sterling 30 Year USDA | 2023-11-22 | 0% |
Sterling 30 Year USDA Refi | 2023-11-22 | 0.2% |
Sterling 30 Year VA | 2023-11-22 | 0% |
Sterling 30 Year VA Refi | 2023-11-22 | -0.1% |
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 56 lenders originated 487
loans during 2022. The total origination value was $97,565,000, with an average loan value of
$200,339.
Sterling's average closing costs are $4,849.
The top Sterling lender as defined by loan originations is Bank of Colorado, with
53 loans originated. Their average total fees are
$4,076, which is $2,828
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Sterling lenders (with over 10 loans originated) are
Bank of Colorado ($4,076), UNITED WHOLESALE MORTGAGE, LLC ($4,686), QUICKEN LOANS, LLC ($6,904), AMERICAN FINANCING CORPORATION ($7,186) and .
The lowest rate Sterling lenders (with over 10 loans originated) are
AMERICAN FINANCING CORPORATION (4.81%), Bank of Colorado (4.85%), UNITED WHOLESALE MORTGAGE, LLC (4.89%), QUICKEN LOANS, LLC (5.45%) and .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Bank of Colorado | $27,770,000 | $22,475,000 | -19.1% | 23.0% |
QUICKEN LOANS, LLC | $12,245,000 | $5,870,000 | -52.1% | 6.0% |
UNITED WHOLESALE MORTGAGE, LLC | $5,655,000 | $5,795,000 | 2.5% | 5.9% |
EQUITABLE SAVINGS AND LOAN ASSOCIATION | $7,345,000 | $4,635,000 | -36.9% | 4.8% |
AMERICAN FINANCING CORPORATION | $6,900,000 | $4,240,000 | -38.6% | 4.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,595,000 | $3,475,000 | -37.9% | 3.6% |
Bank of the West | $2,630,000 | $2,670,000 | 1.5% | 2.7% |
GUILD MORTGAGE COMPANY | $4,060,000 | $2,565,000 | -36.8% | 2.6% |
Mortgage Research Center, LLC | $1,730,000 | $1,880,000 | 8.7% | 1.9% |
Independent Bank | $3,760,000 | $1,835,000 | -51.2% | 1.9% |
Citywide Banks | $1,815,000 | n/a | 1.9% | |
Financial Funding Solutions, Inc. | $1,715,000 | $1,760,000 | 2.6% | 1.8% |
ACADEMY MORTGAGE CORPORATION | $1,970,000 | $1,740,000 | -11.7% | 1.8% |
UNIVERSAL LENDING CORPORATION | $1,110,000 | $1,600,000 | 44.1% | 1.6% |
LOANDEPOT.COM, LLC | $2,275,000 | $1,580,000 | -30.5% | 1.6% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,555,000 | $1,285,000 | -17.4% | 1.3% |
S1L, Inc. | $115,000 | $1,045,000 | 808.7% | 1.1% |
CROSSCOUNTRY MORTGAGE, LLC | $620,000 | $1,015,000 | 63.7% | 1.0% |
CALIBER HOME LOANS, INC. | $2,675,000 | $980,000 | -63.4% | 1.0% |
CASTLE & COOKE MORTGAGE, LLC | $960,000 | n/a | 1.0% | |
AMERISAVE MORTGAGE CORPORATION | $2,120,000 | $925,000 | -56.4% | 0.9% |
CORNERSTONE HOME LENDING, INC. | $655,000 | $890,000 | 35.9% | 0.9% |
FREEDOM MORTGAGE CORPORATION | $3,695,000 | $875,000 | -76.3% | 0.9% |
Paramount Residential Mortgage Group, Inc. | $535,000 | $830,000 | 55.1% | 0.9% |
Amerifirst Financial, Inc. | $1,645,000 | $805,000 | -51.1% | 0.8% |
CIVIC FINANCIAL SERVICES, LLC | $800,000 | n/a | 0.8% | |
NAVY FEDERAL CREDIT UNION | $135,000 | $795,000 | 488.9% | 0.8% |
HOME POINT FINANCIAL CORPORATION | $1,645,000 | $790,000 | -52.0% | 0.8% |
Wells Fargo Bank | $2,305,000 | $730,000 | -68.3% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $495,000 | $695,000 | 40.4% | 0.7% |
LOANPAL, LLC | $330,000 | $690,000 | 109.1% | 0.7% |
LAKEVIEW LOAN SERVICING, LLC | $855,000 | $665,000 | -22.2% | 0.7% |
BOKF | $580,000 | n/a | 0.6% | |
Gateway First Bank | $135,000 | $560,000 | 314.8% | 0.6% |
NBH Bank | $350,000 | $535,000 | 52.9% | 0.5% |
MEGASTAR FINANCIAL CORP. | $605,000 | $530,000 | -12.4% | 0.5% |
Carrington Mortgage Services, LLC | $630,000 | $515,000 | -18.3% | 0.5% |
Loan Simple, Inc. | $410,000 | $490,000 | 19.5% | 0.5% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $135,000 | $490,000 | 263.0% | 0.5% |
Points West Community Bank | $335,000 | $485,000 | 44.8% | 0.5% |
BROKER SOLUTIONS, INC. | $605,000 | $475,000 | -21.5% | 0.5% |
CANOPY MORTGAGE, LLC | $560,000 | $455,000 | -18.8% | 0.5% |
CHURCHILL MORTGAGE CORPORATION | $285,000 | $450,000 | 57.9% | 0.5% |
EVERETT FINANCIAL, INC. | $235,000 | $440,000 | 87.2% | 0.5% |
INTEGRITY MORTGAGE & FINANCIAL INCORPORATED | $440,000 | n/a | 0.5% | |
LENDINGHOME FUNDING CORPORATION | $405,000 | $435,000 | 7.4% | 0.4% |
Meridian Trust Federal Credit Union | $425,000 | n/a | 0.4% | |
First Western Trust Bank | $405,000 | n/a | 0.4% | |
NOVA FINANCIAL & INVESTMENT CORPORATION | $155,000 | $405,000 | 161.3% | 0.4% |
CMG MORTGAGE, INC. | $370,000 | $400,000 | 8.1% | 0.4% |
FMS Bank | $385,000 | n/a | 0.4% | |
DATA MORTGAGE, INC. | $365,000 | n/a | 0.4% | |
PLANET HOME LENDING, LLC | $565,000 | $350,000 | -38.1% | 0.4% |
CANVAS CREDIT UNION | $160,000 | $290,000 | 81.3% | 0.3% |
KeyBank | $365,000 | $290,000 | -20.5% | 0.3% |
NEWREZ LLC | $1,040,000 | $290,000 | -72.1% | 0.3% |
PLAZA HOME MORTGAGE, INC. | $290,000 | n/a | 0.3% | |
Summit Mortgage Corporation | $290,000 | n/a | 0.3% | |
CHERRY CREEK MORTGAGE, LLC | $1,065,000 | $285,000 | -73.2% | 0.3% |
Adams Bank & Trust | $360,000 | $270,000 | -25.0% | 0.3% |
LEADERONE FINANCIAL CORPORATION | $265,000 | n/a | 0.3% | |
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $545,000 | $260,000 | -52.3% | 0.3% |
Hometown Equity Mortgage, LLC | $260,000 | n/a | 0.3% | |
JPMorgan Chase Bank | $400,000 | $260,000 | -35.0% | 0.3% |
REVERSE MORTGAGE FUNDING LLC | $255,000 | n/a | 0.3% | |
BELLCO | $100,000 | $250,000 | 150.0% | 0.3% |
Sunflower Bank | $245,000 | n/a | 0.3% | |
American Mortgage & Equity Consultants, Inc. | $220,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $2,265,000 | $220,000 | -90.3% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $245,000 | $215,000 | -12.2% | 0.2% |
PHH Mortgage Corporation | $300,000 | $205,000 | -31.7% | 0.2% |
U.S. Bank | $240,000 | $200,000 | -16.7% | 0.2% |
Colonial Savings, F.A. | $195,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $410,000 | $195,000 | -52.4% | 0.2% |
CENTENNIAL LENDING, LLC | $395,000 | $185,000 | -53.2% | 0.2% |
Nations Lending Corporation | $205,000 | $185,000 | -9.8% | 0.2% |
Discover Bank | $125,000 | $180,000 | 44.0% | 0.2% |
AMCAP MORTGAGE, LTD. | $165,000 | $175,000 | 6.1% | 0.2% |
CITYWIDE HOME LOANS, LLC | $175,000 | n/a | 0.2% | |
Wallick & Volk, Inc. | $175,000 | n/a | 0.2% | |
SUN WEST MORTGAGE COMPANY, INC. | $170,000 | n/a | 0.2% | |
The Federal Savings Bank | $165,000 | n/a | 0.2% | |
CRESCENT MORTGAGE COMPANY | $605,000 | $155,000 | -74.4% | 0.2% |
FIRST COLONY MORTGAGE CORPORATION | $155,000 | n/a | 0.2% | |
TBK BANK, SSB | $370,000 | $155,000 | -58.1% | 0.2% |
First Guaranty Mortgage Corporation | $205,000 | $135,000 | -34.1% | 0.1% |
ARC HOME LLC | $235,000 | $125,000 | -46.8% | 0.1% |
TOP FLITE FINANCIAL, INC. | $125,000 | n/a | 0.1% | |
Zions Bancorporation, N.A. | $125,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $365,000 | $120,000 | -67.1% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $225,000 | $115,000 | -48.9% | 0.1% |
Figure Lending LLC | $240,000 | $110,000 | -54.2% | 0.1% |
Deere Employees Credit Union | $105,000 | n/a | 0.1% | |
FirstBank | $105,000 | n/a | 0.1% | |
Elevations Credit Union | $505,000 | $95,000 | -81.2% | 0.1% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $85,000 | n/a | 0.1% | |
GUARANTEED RATE AFFINITY, LLC | $225,000 | $85,000 | -62.2% | 0.1% |
SECURITY SERVICE | $265,000 | $65,000 | -75.5% | 0.1% |
Third Federal Savings and Loan Association of Cleveland | $65,000 | n/a | 0.1% |
Sterling's top lender by overall market share is Bank of Colorado, with 23.0% market share. In second place, with 6.0%, is QUICKEN LOANS, LLC, having originated $5,870,000 in loans. In third place, with 5.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $5,795,000 in loans. In fourth place, with 4.8%, is EQUITABLE SAVINGS AND LOAN ASSOCIATION, having originated $4,635,000 in loans. In fifth place, with 4.3%, is AMERICAN FINANCING CORPORATION, having originated $4,240,000 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 (12.5%) | 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 |
Sterling's median listing price comes in at 0% of the national average.
Sterling's average listing price for 2023-10-01 was $359,015, a difference of $23,041 (6.9%) versus the prior year and $-2,503 versus the prior month.
For the 2023-10-01 period, Sterling had 73 MLS listings, a difference of 6 listings (9%) versus the prior month and 12 listings (20%) 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 | 2,231 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 |
Sterling's median square footage for active listings during the 2023-10-01 period was 2,007 sqft. One year prior, the average listing was 1,866 sqft.
Sterling, CO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 292 | $63,130,000 | $216,199 |
Cash Out Refi | 105 | $20,915,000 | $199,190 |
Refi | 50 | $9,670,000 | $193,400 |
Other | 21 | $2,135,000 | $101,667 |
Home Improvement | 19 | $1,715,000 | $90,263 |
Sterling's most frequently cited loan purpose was Home Purchase, with 292 originations. The 2nd most popular reason was Cash Out Refi, with 105 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 115 | $24,975,000 | $217,174 |
3-4% | 109 | $22,635,000 | $207,661 |
4-5% | 95 | $20,645,000 | $217,316 |
6-7% | 72 | $13,900,000 | $193,056 |
2.5-3% | 20 | $4,910,000 | $245,500 |
<2.5% | 16 | $890,000 | $55,625 |
7-8% | 16 | $3,050,000 | $190,625 |
Over 8% | 10 | $870,000 | $87,000 |
During 2022, Sterling's most frequently originated rate bucket was 5-6%, with 115 originations.
Loan Sizing (Sterling, CO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 199 | $30,465,000 | $153,090 |
$200k-400k | 176 | $47,780,000 | $271,477 |
$100,000 or less | 84 | $4,480,000 | $53,333 |
$400k-600k | 23 | $10,825,000 | $470,652 |
$600k-1000k | 4 | $2,720,000 | $680,000 |
$Over $1MM | 1 | $1,295,000 | $1,295,000 |
Sterling's loan sizing saw the bucket of loans from $100k-200k with 199 originations, totaling $30,465,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 189 | $44,625,000 | $236,111 |
60-80% | 139 | $31,105,000 | $223,777 |
40-60% | 56 | $10,850,000 | $193,750 |
20-40% | 36 | $3,330,000 | $92,500 |
Under 20% | 32 | $810,000 | $25,313 |
Over 100% | 1 | $405,000 | $405,000 |
Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 189 originations, totaling $44,625,000 in origination value.