Winnemucca Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Winnemucca averaged
6.47%
for the week of 2024-10-24, compared to the national average of
6.54% for the same period.
The average rate for the prior week (2024-10-17) was
6.47% and
one month ago for the week of 2024-09-19, the
average rate was 6.12%.
Winnemucca's average rate one year ago was 7.46%.
For refis of the same type during the week of 2024-10-24, the average rate
was 7.04%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-24 | 6.54% |
Winnemucca 30 Year Fixed Rate | 2024-10-24 | 6.47% |
Winnemucca 30 Year Fixed Rate Refi | 2024-10-24 | 7.04% |
Winnemucca 15 Year Fixed Rate | 2024-10-24 | 5.91% |
Winnemucca 15 Year Fixed Rate Refi | 2024-10-24 | 5.91% |
Winnemucca 30 Year FHA | 2024-10-24 | 6.25% |
Winnemucca 30 Year FHA Refi | 2024-10-24 | 6.35% |
Winnemucca 30 Year USDA | 2024-10-24 | 6.49% |
Winnemucca 30 Year USDA Refi | 2024-10-24 | 6.29% |
Winnemucca 30 Year VA | 2024-10-24 | 6.04% |
Winnemucca 30 Year VA Refi | 2024-10-24 | 6.04% |
Winnemucca 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 Winnemucca, NV 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.).
Winnemucca Average Closing Costs & Other Stats
Winnemucca, NV's 26 lenders originated 315
loans during 2023. The total origination value was $82,185,000, with an average loan value of
$260,905.
Winnemucca's average closing costs are $6,702.
The top Winnemucca lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with
26 loans originated. Their average total fees are
$9,609, which is $131
lower than the next largest lender,
PACIFIC RESIDENTIAL MORTGAGE, LLC.
The lowest fee Winnemucca lenders (with over 10 loans originated) are
AMERICAN PACIFIC MORTGAGE CORPORATION ($9,609), PACIFIC RESIDENTIAL MORTGAGE, LLC ($9,740), BROKER SOLUTIONS, INC. ($9,767), .
The lowest rate Winnemucca lenders (with over 10 loans originated) are
BROKER SOLUTIONS, INC. (6.51%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.64%), PACIFIC RESIDENTIAL MORTGAGE, LLC (6.97%), .
Winnemucca, NV 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 |
---|---|---|---|---|
AMERICAN PACIFIC MORTGAGE CORPORATION | $705,000 | $22,695,000 | 3,119.1% | 27.6% |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $4,850,000 | $13,395,000 | 176.2% | 16.3% |
BROKER SOLUTIONS, INC. | $4,155,000 | $6,735,000 | 62.1% | 8.2% |
21ST MORTGAGE CORPORATION | $910,000 | $3,965,000 | 335.7% | 4.8% |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $10,690,000 | $3,735,000 | -65.1% | 4.5% |
QUICKEN LOANS, LLC | $4,870,000 | $3,630,000 | -25.5% | 4.4% |
GUILD MORTGAGE COMPANY | $3,070,000 | $2,600,000 | -15.3% | 3.2% |
PENNYMAC LOAN SERVICES, LLC | $310,000 | $2,455,000 | 691.9% | 3.0% |
Century Mortgage Company DBA Century Lending Company | $1,855,000 | n/a | 2.3% | |
U.S. Bank | $3,415,000 | $1,770,000 | -48.2% | 2.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $515,000 | $1,395,000 | 170.9% | 1.7% |
Zions Bank | $2,105,000 | $1,365,000 | -35.2% | 1.7% |
UNITED | $805,000 | $1,060,000 | 31.7% | 1.3% |
ACADEMY MORTGAGE CORPORATION | $730,000 | $1,025,000 | 40.4% | 1.2% |
GREATER NEVADA LLC | $205,000 | $1,020,000 | 397.6% | 1.2% |
UNITED WHOLESALE MORTGAGE, LLC | $1,780,000 | $1,010,000 | -43.3% | 1.2% |
NAVY FEDERAL CREDIT UNION | $1,685,000 | $815,000 | -51.6% | 1.0% |
AMERISAVE MORTGAGE CORPORATION | $2,280,000 | $730,000 | -68.0% | 0.9% |
LOANDEPOT.COM, LLC | $3,755,000 | $665,000 | -82.3% | 0.8% |
LOANPAL, LLC | $640,000 | n/a | 0.8% | |
NEWREZ LLC | $790,000 | $640,000 | -19.0% | 0.8% |
ISERVE RESIDENTIAL LENDING, LLC | $710,000 | $620,000 | -12.7% | 0.8% |
CROSSCOUNTRY MORTGAGE, LLC | $215,000 | $565,000 | 162.8% | 0.7% |
Paramount Residential Mortgage Group, Inc. | $1,265,000 | $510,000 | -59.7% | 0.6% |
Flagstar Bank, FSB | $495,000 | $495,000 | 0.0% | 0.6% |
Wells Fargo Bank | $2,490,000 | $480,000 | -80.7% | 0.6% |
Stifel Bank and Trust | $445,000 | n/a | 0.5% | |
Mortgage Research Center, LLC | $1,875,000 | $410,000 | -78.1% | 0.5% |
CITYWIDE HOME LOANS, LLC | $305,000 | $395,000 | 29.5% | 0.5% |
SUN WEST MORTGAGE COMPANY, INC. | $395,000 | n/a | 0.5% | |
FIRST TECHNOLOGY | $385,000 | n/a | 0.5% | |
AMERICAN FINANCIAL NETWORK, INC. | $315,000 | n/a | 0.4% | |
VELOCITY COMMERCIAL CAPITAL, LLC | $335,000 | $295,000 | -11.9% | 0.4% |
LAKEVIEW LOAN SERVICING, LLC | $1,905,000 | $285,000 | -85.0% | 0.3% |
TJC Mortgage, Inc. | $275,000 | n/a | 0.3% | |
SUMMIT FUNDING, INC. | $3,020,000 | $270,000 | -91.1% | 0.3% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $265,000 | n/a | 0.3% | |
PINNACLE LENDING GROUP, INC. | $245,000 | n/a | 0.3% | |
The Loan Store, Inc. | $235,000 | n/a | 0.3% | |
LADERA LENDING, INC. | $225,000 | n/a | 0.3% | |
FINANCE OF AMERICA REVERSE LLC | $215,000 | n/a | 0.3% | |
The Federal Savings Bank | $285,000 | $205,000 | -28.1% | 0.2% |
FREEDOM MORTGAGE CORPORATION | $3,200,000 | $185,000 | -94.2% | 0.2% |
MANN FINANCIAL INC. | $175,000 | n/a | 0.2% | |
AMERICA FIRST | $530,000 | $170,000 | -67.9% | 0.2% |
PLANET HOME LENDING, LLC | $205,000 | $135,000 | -34.1% | 0.2% |
Arvest Bank | $855,000 | $125,000 | -85.4% | 0.2% |
MOUNTAIN AMERICA | $1,355,000 | $115,000 | -91.5% | 0.1% |
PHH Mortgage Corporation | $445,000 | $115,000 | -74.2% | 0.1% |
GENEVA FINANCIAL, LLC | $95,000 | n/a | 0.1% | |
Bank of America | $290,000 | $65,000 | -77.6% | 0.1% |
Discover Bank | $205,000 | $65,000 | -68.3% | 0.1% |
Washington Federal Bank | $65,000 | n/a | 0.1% | |
Figure Lending LLC | $55,000 | n/a | 0.1% | |
GEORGIA'S OWN | $55,000 | n/a | 0.1% | |
MID AMERICA MORTGAGE, INC. | $35,000 | n/a | 0.0% |
Winnemucca's top lender by overall market share is AMERICAN PACIFIC MORTGAGE CORPORATION, with 27.6% market share. In second place, with 16.3%, is PACIFIC RESIDENTIAL MORTGAGE, LLC, having originated $13,395,000 in loans. In third place, with 8.2%, is BROKER SOLUTIONS, INC., having originated $6,735,000 in loans. In fourth place, with 4.8%, is 21ST MORTGAGE CORPORATION, having originated $3,965,000 in loans. In fifth place, with 4.5%, is EVERGREEN MONEYSOURCE MORTGAGE COMPANY, having originated $3,735,000 in loans.
Winnemucca, NV Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 232 | $68,180,000 | $293,879 |
Cash Out Refi | 39 | $7,925,000 | $203,205 |
Home Improvement | 17 | $1,675,000 | $98,529 |
Other | 16 | $1,430,000 | $89,375 |
Refi | 11 | $2,975,000 | $270,455 |
Winnemucca's most frequently cited loan purpose was Home Purchase, with 232 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 131 | $38,805,000 | $296,221 |
7-8% | 72 | $19,800,000 | $275,000 |
5-6% | 52 | $14,970,000 | $287,885 |
Over 8% | 46 | $6,560,000 | $142,609 |
3-4% | 7 | $1,305,000 | $186,429 |
<2.5% | 5 | $45,000 | $9,000 |
4-5% | 2 | $700,000 | $350,000 |
During 2023, Winnemucca's most frequently originated rate bucket was 6-7%, with 131 originations.
Loan Sizing (Winnemucca, NV MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 173 | $50,365,000 | $291,127 |
$100k-200k | 60 | $9,350,000 | $155,833 |
$100,000 or less | 42 | $2,350,000 | $55,952 |
$400k-600k | 32 | $14,390,000 | $449,688 |
$600k-1000k | 8 | $5,730,000 | $716,250 |
Winnemucca's loan sizing saw the bucket of loans from $200k-400k with 173 originations, totaling $50,365,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 171 | $53,085,000 | $310,439 |
60-80% | 60 | $16,450,000 | $274,167 |
Under 20% | 27 | $1,195,000 | $44,259 |
20-40% | 21 | $2,165,000 | $103,095 |
40-60% | 21 | $4,265,000 | $203,095 |
Over 100% | 5 | $1,405,000 | $281,000 |
Winnemucca's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 171 originations, totaling $53,085,000 in origination value.