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 7.17% 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%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Bank of Colorado 53 4.85% $4,076
    QUICKEN LOANS, LLC 16 5.45% $6,904
    UNITED WHOLESALE MORTGAGE, LLC 12 4.89% $4,686
    AMERICAN FINANCING CORPORATION 10 4.81% $7,186
    GUILD MORTGAGE COMPANY 7 4.66% $4,837
    LOANDEPOT.COM, LLC 6 5.00% $6,335
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 4.56% $4,717
    Bank of the West 5 4.28% $4,527
    Wells Fargo Bank 5 4.05% $3,656
    ACADEMY MORTGAGE CORPORATION 4 4.47% $3,932
    Independent Bank 4 5.09% $3,750
    Financial Funding Solutions, Inc. 4 4.84% $4,298
    CORNERSTONE HOME LENDING, INC. 4 4.84% $4,288
    NAVY FEDERAL CREDIT UNION 3 5.46% $4,026
    Amerifirst Financial, Inc. 3 5.33% $3,793
    AMERISAVE MORTGAGE CORPORATION 3 3.79% $7,552
    Paramount Residential Mortgage Group, Inc. 3 5.46% $5,697
    CMG MORTGAGE, INC. 2 5.75% $2,866
    CROSSCOUNTRY MORTGAGE, LLC 2 5.48% $8,753
    PLANET HOME LENDING, LLC 2 6.99% $4,020
    BROKER SOLUTIONS, INC. 2 5.62% $4,791
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.00% $3,776
    LAKEVIEW LOAN SERVICING, LLC 2 3.93% $2,882
    S1L, Inc. 2 3.75% $6,956
    BOKF 2 4.13% $4,639
    CHURCHILL MORTGAGE CORPORATION 2 5.12% $5,350
    JPMorgan Chase Bank 2 6.18% $4,321
    HOME POINT FINANCIAL CORPORATION 2 4.50% $5,280
    PLAZA HOME MORTGAGE, INC. 1 6.63% $6,102
    Adams Bank & Trust 1 4.45% $2,093
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 3.88% $4,836
    CALIBER HOME LOANS, INC. 1 4.20% $3,309
    CANOPY MORTGAGE, LLC 1 3.63% $16,053
    CENTENNIAL LENDING, LLC 1 3.38% $4,284
    CHERRY CREEK MORTGAGE, LLC 1 3.50% $923
    Colonial Savings, F.A. 1 4.88% $6,414
    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION 1 5.38% $2,729
    CRESCENT MORTGAGE COMPANY 1 3.25% $3,620
    DATA MORTGAGE, INC. 1 5.13% $11,511
    Elevations Credit Union 1 7.13% $3,974
    FIRST COLONY MORTGAGE CORPORATION 1 4.88% $3,031
    First Western Trust Bank 1 5.38% $0
    Flagstar Bank, FSB 1 3.41% $5,152
    FREEDOM MORTGAGE CORPORATION 1 6.88% $5,082
    Gateway First Bank 1 6.00% $1,885
    GUARANTEED RATE AFFINITY, LLC 1 6.38% $2,932
    KeyBank 1 5.00% $4,269
    LEADERONE FINANCIAL CORPORATION 1 4.25% $4,043
    Loan Simple, Inc. 1 6.13% $5,426
    Mortgage Research Center, LLC 1 5.63% $1,837
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $6,555
    NBH Bank 1 4.88% $6,846
    PENNYMAC LOAN SERVICES, LLC 1 6.13% $3,727
    PHH Mortgage Corporation 1 6.38% $5,578
    Sunflower Bank 1 5.49% $7,929
    The Federal Savings Bank 1 5.50% $6,790

    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. 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
    Sterling's median listing price for 2023-10-01 was $311,225, a difference of $44,275 (16.6%) versus the prior year and $-275 versus the prior month.

    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. 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
    Sterling's median listing age (time on market) for 2023-10-01 was 0 days.

    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.