Taos Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Taos averaged
7.08%
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
7.21% and
one month ago for the week of 2025-05-15, the
average rate was 7.18%.
Taos's average rate one year ago was 7.32%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.21%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Taos 30 Year Fixed Rate | 2025-06-18 | 7.08% |
| Taos 30 Year Fixed Rate Refi | 2025-06-18 | 7.21% |
| Taos 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Taos 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Taos 30 Year FHA | 2025-06-18 | 0.2% |
| Taos 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Taos 30 Year USDA | 2025-06-18 | -0.2% |
| Taos 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Taos 30 Year VA | 2025-06-18 | 0.2% |
| Taos 30 Year VA Refi | 2025-06-18 | 0.1% |
Taos 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 Taos, NM 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.).
Taos Average Closing Costs & Other Stats
Taos, NM's 67 lenders originated 395
loans during 2024. The total origination value was $115,495,000, with an average loan value of
$292,392.
Taos's average closing costs are $5,786.
The top Taos lender as defined by loan originations is QUICKEN LOANS, LLC, with
43 loans originated. Their average total fees are
$8,291, which is $590
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Taos lenders (with over 10 loans originated) are
NUSENDA ($3,388), Flagstar Bank, FSB ($4,607), UNITED WHOLESALE MORTGAGE, LLC ($7,701), QUICKEN LOANS, LLC ($8,291) and .
The lowest rate Taos lenders (with over 10 loans originated) are
NUSENDA (6.38%), QUICKEN LOANS, LLC (6.74%), Flagstar Bank, FSB (6.80%), UNITED WHOLESALE MORTGAGE, LLC (6.83%) and .
Taos, NM 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $9,235,000 | $16,105,000 | 74.4% | 13.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,580,000 | $10,785,000 | 12.6% | 9.3% |
| NUSENDA | $5,520,000 | $5,070,000 | -8.2% | 4.4% |
| Flagstar Bank, FSB | $2,680,000 | $4,810,000 | 79.5% | 4.2% |
| 21ST MORTGAGE CORPORATION | $4,365,000 | $3,740,000 | -14.3% | 3.2% |
| JPMorgan Chase Bank | $2,000,000 | $3,405,000 | 70.3% | 2.9% |
| Waterstone Mortgage Corporation | $3,480,000 | $3,220,000 | -7.5% | 2.8% |
| DIRECTORS MORTGAGE, INC. | $2,545,000 | $2,445,000 | -3.9% | 2.1% |
| NBH Bank | $2,800,000 | $2,185,000 | -22.0% | 1.9% |
| NEWREZ LLC | $205,000 | $2,030,000 | 890.2% | 1.8% |
| BROKER SOLUTIONS, INC. | $75,000 | $1,990,000 | 2,553.3% | 1.7% |
| CMG MORTGAGE, INC. | $510,000 | $1,635,000 | 220.6% | 1.4% |
| Northpointe Bank | $875,000 | $1,595,000 | 82.3% | 1.4% |
| BETTER MORTGAGE CORPORATION | $1,510,000 | n/a | 1.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $355,000 | $1,510,000 | 325.4% | 1.3% |
| Luxury Mortgage Corp. | $1,395,000 | n/a | 1.2% | |
| BOKF | $1,095,000 | $1,385,000 | 26.5% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $415,000 | $1,305,000 | 214.5% | 1.1% |
| GUILD MORTGAGE COMPANY | $1,285,000 | n/a | 1.1% | |
| Morgan Stanley Private Bank | $1,220,000 | $1,250,000 | 2.5% | 1.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $930,000 | $1,205,000 | 29.6% | 1.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $465,000 | $1,195,000 | 157.0% | 1.0% |
| Bank of America | $1,640,000 | $1,175,000 | -28.4% | 1.0% |
| Mortgage Research Center, LLC | $425,000 | $1,175,000 | 176.5% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $705,000 | $1,165,000 | 65.2% | 1.0% |
| The Central Trust Bank | $365,000 | $1,115,000 | 205.5% | 1.0% |
| BMO Harris Bank | $1,040,000 | n/a | 0.9% | |
| Progressive Bank | $1,025,000 | n/a | 0.9% | |
| PLAZA HOME MORTGAGE, INC. | $720,000 | $965,000 | 34.0% | 0.8% |
| RELIANCE FIRST CAPITAL, LLC | $740,000 | $960,000 | 29.7% | 0.8% |
| Washington Federal Bank | $145,000 | $960,000 | 562.1% | 0.8% |
| Del Norte Credit Union | $640,000 | $955,000 | 49.2% | 0.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,220,000 | $950,000 | -22.1% | 0.8% |
| Equity Prime Mortgage LLC | $945,000 | n/a | 0.8% | |
| Wells Fargo Bank | $2,785,000 | $925,000 | -66.8% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $890,000 | n/a | 0.8% | |
| First United Bank and Trust Company | $880,000 | n/a | 0.8% | |
| U.S. Bank | $2,150,000 | $880,000 | -59.1% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $830,000 | n/a | 0.7% | |
| ALLIANT CREDIT UNION | $820,000 | n/a | 0.7% | |
| AMERICAN HERITAGE LENDING, INC. | $820,000 | n/a | 0.7% | |
| Mr. Cooper ( Nationstar Mortgage ) | $645,000 | $775,000 | 20.2% | 0.7% |
| GUARANTEED RATE, INC. | $1,835,000 | $770,000 | -58.0% | 0.7% |
| NexBank | $770,000 | n/a | 0.7% | |
| Nations Lending Corporation | $850,000 | $765,000 | -10.0% | 0.7% |
| MID AMERICA MORTGAGE, INC. | $795,000 | $715,000 | -10.1% | 0.6% |
| CHEVRON | $405,000 | $640,000 | 58.0% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $275,000 | $630,000 | 129.1% | 0.5% |
| NBKC BANK | $595,000 | n/a | 0.5% | |
| Sunflower Bank | $165,000 | $595,000 | 260.6% | 0.5% |
| GENEVA FINANCIAL, LLC | $1,275,000 | $580,000 | -54.5% | 0.5% |
| Great Plains National Bank | $575,000 | n/a | 0.5% | |
| Worthington National Bank | $565,000 | n/a | 0.5% | |
| GUADALUPE CREDIT UNION | $250,000 | $560,000 | 124.0% | 0.5% |
| Kirtland Federal Credit Union | $195,000 | $555,000 | 184.6% | 0.5% |
| PENTAGON FEDERAL CREDIT UNION | $875,000 | $555,000 | -36.6% | 0.5% |
| FINANCE OF AMERICA REVERSE LLC | $550,000 | n/a | 0.5% | |
| GUARANTEED RATE AFFINITY, LLC | $525,000 | n/a | 0.5% | |
| Stifel Bank and Trust | $505,000 | n/a | 0.4% | |
| EMERY FEDERAL CREDIT UNION | $485,000 | n/a | 0.4% | |
| SOUTHWEST STAGE FUNDING, LLC | $205,000 | $485,000 | 136.6% | 0.4% |
| UNION HOME MORTGAGE CORP. | $480,000 | n/a | 0.4% | |
| MICHIGAN MUTUAL, INC. | $595,000 | $455,000 | -23.5% | 0.4% |
| FBC MORTGAGE, LLC | $1,080,000 | $450,000 | -58.3% | 0.4% |
| Farm Credit Mid-America, ACA | $435,000 | n/a | 0.4% | |
| LAKEVIEW LOAN SERVICING, LLC | $425,000 | n/a | 0.4% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $325,000 | $420,000 | 29.2% | 0.4% |
| Citibank | $930,000 | $415,000 | -55.4% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $415,000 | n/a | 0.4% | |
| Discover Bank | $410,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $945,000 | $400,000 | -57.7% | 0.3% |
| BAY EQUITY LLC | $335,000 | $385,000 | 14.9% | 0.3% |
| SouthStar Bank, S.S.B. | $385,000 | n/a | 0.3% | |
| PURDUE FEDERAL CREDIT UNION | $375,000 | n/a | 0.3% | |
| SANDIA LABORATORY | $1,440,000 | $375,000 | -74.0% | 0.3% |
| TBK BANK, SSB | $375,000 | n/a | 0.3% | |
| CORNERSTONE HOME LENDING, INC. | $745,000 | $345,000 | -53.7% | 0.3% |
| The Loan Store, Inc. | $325,000 | n/a | 0.3% | |
| VAN DYK MORTGAGE CORPORATION | $325,000 | n/a | 0.3% | |
| Texas Regional Bank | $305,000 | n/a | 0.3% | |
| MYCUMORTGAGE, LLC | $285,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $790,000 | $285,000 | -63.9% | 0.2% |
| Amarillo National Bank | $225,000 | $275,000 | 22.2% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $255,000 | n/a | 0.2% | |
| First Federal Bank | $255,000 | n/a | 0.2% | |
| Raymond James Bank | $255,000 | n/a | 0.2% | |
| MOUNTAIN AMERICA | $750,000 | $245,000 | -67.3% | 0.2% |
| Loan Simple, Inc. | $235,000 | n/a | 0.2% | |
| Truist | $235,000 | n/a | 0.2% | |
| DEEPHAVEN MORTGAGE LLC | $225,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $225,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $630,000 | $215,000 | -65.9% | 0.2% |
| Figure Lending LLC | $210,000 | n/a | 0.2% | |
| Bethpage Federal Credit Union | $205,000 | n/a | 0.2% | |
| BancorpSouth | $185,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $185,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $470,000 | $185,000 | -60.6% | 0.2% |
| Enterprise Bank & Trust | $805,000 | $160,000 | -80.1% | 0.1% |
| Bank-Fund Staff Federal Credit Union | $145,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $475,000 | $115,000 | -75.8% | 0.1% |
| TOWER | $175,000 | $115,000 | -34.3% | 0.1% |
| First Financial Bank | $105,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,305,000 | $105,000 | -92.0% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $245,000 | $85,000 | -65.3% | 0.1% |
| PNC Bank | $535,000 | $65,000 | -87.9% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $55,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $55,000 | n/a | 0.0% | |
| Coastal Community Bank | $35,000 | n/a | 0.0% |
Taos's top lender by overall market share is QUICKEN LOANS, LLC, with 13.9% market share. In second place, with 9.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $10,785,000 in loans. In third place, with 4.4%, is NUSENDA, having originated $5,070,000 in loans. In fourth place, with 4.2%, is Flagstar Bank, FSB, having originated $4,810,000 in loans. In fifth place, with 3.2%, is 21ST MORTGAGE CORPORATION, having originated $3,740,000 in loans.
Taos, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 246 | $86,880,000 | $353,171 |
| Cash Out Refi | 48 | $10,310,000 | $214,792 |
| Refi | 40 | $12,140,000 | $303,500 |
| Other | 32 | $3,660,000 | $114,375 |
| Home Improvement | 29 | $2,505,000 | $86,379 |
Taos's most frequently cited loan purpose was Home Purchase, with 246 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 156 | $51,490,000 | $330,064 |
| Over 8% | 99 | $15,035,000 | $151,869 |
| 7-8% | 98 | $33,860,000 | $345,510 |
| 5-6% | 33 | $12,015,000 | $364,091 |
| <2.5% | 1 | $15,000 | $15,000 |
| 4-5% | 1 | $85,000 | $85,000 |
During 2024, Taos's most frequently originated rate bucket was 6-7%, with 156 originations.
Loan Sizing (Taos, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 154 | $44,670,000 | $290,065 |
| $100k-200k | 83 | $12,195,000 | $146,928 |
| $400k-600k | 71 | $34,325,000 | $483,451 |
| $100,000 or less | 61 | $3,385,000 | $55,492 |
| $600k-1000k | 22 | $16,290,000 | $740,455 |
| $Over $1MM | 4 | $4,630,000 | $1,157,500 |
Taos's loan sizing saw the bucket of loans from $200k-400k with 154 originations, totaling $44,670,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 117 | $41,995,000 | $358,932 |
| 60-80% | 96 | $38,360,000 | $399,583 |
| 40-60% | 68 | $18,910,000 | $278,088 |
| Under 20% | 59 | $3,855,000 | $65,339 |
| 20-40% | 40 | $6,570,000 | $164,250 |
| Over 100% | 6 | $2,340,000 | $390,000 |
Taos's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 117 originations, totaling $41,995,000 in origination value.