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 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.