Borger Mortgage Rates

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
  • Market Conditions & Pricing
  • Time on Market/Property Size
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Borger averaged 6.23% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

    The average rate for the prior week (2022-06-16) was 6.5% and one month ago for the week of 2022-05-19, the average rate was 5.77%.

    Borger's average rate one year ago was 3.45%.

    For refis of the same type during the week of 2022-06-23, the average rate was 6.09%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-23 5.81%
    Borger 30 Year Fixed Rate 2022-06-23 6.23%
    Borger 30 Year Fixed Rate Refi 2022-06-23 6.09%
    Borger 15 Year Fixed Rate 2022-06-23 5.58%
    Borger 15 Year Fixed Rate Refi 2022-06-23 5.33%
    Borger 30 Year FHA 2022-06-23 -0.14%
    Borger 30 Year FHA Refi 2022-06-23 -0.36%
    Borger 30 Year USDA 2022-06-23 -0.02%
    Borger 30 Year VA 2022-06-23 -0.05%
    Borger 30 Year VA Refi 2022-06-23 0.18%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Borger, TX.

    Borger Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Borger, TX 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Amarillo National Bank 40 3.53% $3,257
    Happy State Bank 20 3.91% $3,385
    QUICKEN LOANS, LLC 9 3.26% $4,194
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 3.50% $5,693
    LOANDEPOT.COM, LLC 4 3.15% $4,075
    AMCAP MORTGAGE, LTD. 4 3.87% $5,070
    ASSOCIATED MORTGAGE CORPORATION 4 2.97% $3,309
    SWBC MORTGAGE CORPORATION 4 3.31% $3,317
    Truity Federal Credit Union 3 3.04% $3,334
    PREMIA MORTGAGE, LLC 3 2.71% $1,080
    Wells Fargo Bank 3 2.63% $1,454
    NATIONS RELIABLE LENDING, LLC 2 3.06% $5,008
    UNITED WHOLESALE MORTGAGE, LLC 2 3.12% $3,802
    GUILD MORTGAGE COMPANY 1 3.38% $4,092
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.63% $2,803
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.88% $2,492
    Hometown Lenders, Inc. 1 3.49% $5,277
    FREEDOM MORTGAGE CORPORATION 1 2.88% $1,926
    MORTGAGE FINANCIAL SERVICES, LLC 1 3.25% $3,984
    ACADEMY MORTGAGE CORPORATION 1 3.25% $3,727
    PENNYMAC LOAN SERVICES, LLC 1 4.00% $7,600
    PILGRIM MORTGAGE LLC 1 3.25% $4,296
    PLANET HOME LENDING, LLC 1 3.75% $2,169
    PNC Bank 1 3.00% $3,160
    First United Bank 1 2.38% $7,732
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 4.00% $4,099
    CROSSCOUNTRY MORTGAGE, LLC 1 3.88% $4,775
    RANLIFE, INC. 1 4.63% $4,511
    ROYAL UNITED MORTGAGE LLC 1 3.88% $5,621
    S1L, Inc. 1 2.88% $4,723
    SFMC, LP 1 3.25% $4,879
    Citizens Bank 1 2.88% $3,778
    THRIVE MORTGAGE, LLC 1 3.50% $3,991
    TIB The Independent Bankersbank 1 2.88% $5,129
    BROKER SOLUTIONS, INC. 1 3.25% $2,967
    AMERISAVE MORTGAGE CORPORATION 1 3.75% $3,512
    U.S. Bank 1 2.99% $3,332
    GULF COAST EDUCATORS FEDERAL CREDIT UNION 1 3.60% $3,943

    Borger, TX's 38 lenders originated 413 loans during 2021. The total origination value was $56,085,000, with an average loan value of $135,799.

    The top Borger lender as defined by loan originations is Amarillo National Bank, with 40 loans originated. Their average total fees are $3,257, which is $127 lower than the next largest lender, Happy State Bank.

    The lowest fee Borger lenders (with over 10 loans originated) are Amarillo National Bank ($3,257), Happy State Bank ($3,385), .

    The lowest rate Borger lenders (with over 10 loans originated) are Amarillo National Bank (3.53%), Happy State Bank (3.91%), .

    Borger, TX Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Amarillo National Bank $17,540,000 $12,785,000 -27.1% 22.8%
    Happy State Bank $7,975,000 $7,600,000 -4.7% 13.6%
    QUICKEN LOANS, LLC $6,090,000 $6,645,000 9.1% 11.8%
    AMCAP MORTGAGE, LTD. $670,000 $2,325,000 247.0% 4.1%
    LOANDEPOT.COM, LLC $125,000 $1,820,000 1,356.0% 3.2%
    Origin Bank $1,785,000 n/a 3.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,120,000 $1,165,000 4.0% 2.1%
    SWBC MORTGAGE CORPORATION $940,000 n/a 1.7%
    FREEDOM MORTGAGE CORPORATION $875,000 $915,000 4.6% 1.6%
    Wells Fargo Bank $700,000 $850,000 21.4% 1.5%
    NEWREZ LLC $820,000 n/a 1.5%
    Truity Federal Credit Union $530,000 $820,000 54.7% 1.5%
    ASSOCIATED MORTGAGE CORPORATION $535,000 $815,000 52.3% 1.5%
    NATIONS RELIABLE LENDING, LLC $315,000 $815,000 158.7% 1.5%
    Mr. Cooper ( Nationstar Mortgage ) $815,000 $770,000 -5.5% 1.4%
    PENNYMAC LOAN SERVICES, LLC $655,000 n/a 1.2%
    21ST MORTGAGE CORPORATION $485,000 $600,000 23.7% 1.1%
    PREMIA MORTGAGE, LLC $525,000 $590,000 12.4% 1.1%
    PLANET HOME LENDING, LLC $165,000 $585,000 254.5% 1.0%
    BROKER SOLUTIONS, INC. $155,000 $535,000 245.2% 1.0%
    FirstBank Southwest $270,000 $510,000 88.9% 0.9%
    U.S. Bank $425,000 $475,000 11.8% 0.8%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $350,000 $455,000 30.0% 0.8%
    VILLAGE CAPITAL & INVESTMENT LLC $85,000 $435,000 411.8% 0.8%
    JPMorgan Chase Bank $685,000 $405,000 -40.9% 0.7%
    VANDERBILT MORTGAGE AND FINANCE, INC. $200,000 $395,000 97.5% 0.7%
    Hometown Lenders, Inc. $360,000 n/a 0.6%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $350,000 n/a 0.6%
    First Guaranty Mortgage Corporation $340,000 n/a 0.6%
    FIRST SERVICE Credit Union $340,000 n/a 0.6%
    AMERISAVE MORTGAGE CORPORATION $75,000 $335,000 346.7% 0.6%
    First United Bank $335,000 n/a 0.6%
    TIB The Independent Bankersbank $185,000 $310,000 67.6% 0.6%
    ACADEMY MORTGAGE CORPORATION $290,000 n/a 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $290,000 n/a 0.5%
    RANLIFE, INC. $285,000 n/a 0.5%
    USAA Federal Savings Bank $510,000 $280,000 -45.1% 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $195,000 $270,000 38.5% 0.5%
    S1L, Inc. $255,000 n/a 0.5%
    GUILD MORTGAGE COMPANY $105,000 $230,000 119.0% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $225,000 n/a 0.4%
    Mortgage Research Center, LLC $900,000 $225,000 -75.0% 0.4%
    GENEVA FINANCIAL, LLC $215,000 n/a 0.4%
    CONTOUR MORTGAGE CORPORATION $205,000 n/a 0.4%
    GREAT WESTERN FINANCIAL SERVICES, INC. $195,000 $185,000 -5.1% 0.3%
    Herring Bank $485,000 $185,000 -61.9% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $180,000 n/a 0.3%
    Colten Mortgage, LLC $175,000 n/a 0.3%
    PNC Bank $175,000 n/a 0.3%
    The People's Federal Credit Union $175,000 n/a 0.3%
    SOUTHWEST STAGE FUNDING, LLC $115,000 $165,000 43.5% 0.3%
    AmeriHome Mortgage Company, LLC $155,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $265,000 $155,000 -41.5% 0.3%
    AMERICAN FINANCING CORPORATION $115,000 $145,000 26.1% 0.3%
    Austin Capital Bank SSB $145,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $145,000 n/a 0.3%
    CHURCHILL MORTGAGE CORPORATION $75,000 $145,000 93.3% 0.3%
    GUARANTEED RATE, INC. $145,000 n/a 0.3%
    LAKEVIEW LOAN SERVICING, LLC $125,000 $145,000 16.0% 0.3%
    OPEN MORTGAGE, LLC $145,000 n/a 0.3%
    CALIBER HOME LOANS, INC. $125,000 n/a 0.2%
    Citizens Bank $75,000 $125,000 66.7% 0.2%
    BOKF $115,000 n/a 0.2%
    DAS Acquisition Company, LLC $115,000 n/a 0.2%
    PILGRIM MORTGAGE LLC $115,000 n/a 0.2%
    Truist Bank $190,000 $115,000 -39.5% 0.2%
    Access Community Credit Union $480,000 $105,000 -78.1% 0.2%
    FirstCapital Bank of Texas $15,000 $105,000 600.0% 0.2%
    MORTGAGE FINANCIAL SERVICES, LLC $105,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $85,000 $95,000 11.8% 0.2%
    Carrington Mortgage Services, LLC $85,000 $85,000 0.0% 0.2%
    COUNTRYPLACE MORTGAGE, LTD. $85,000 n/a 0.2%
    GULF COAST EDUCATORS FEDERAL CREDIT UNION $85,000 n/a 0.2%
    SFMC, LP $85,000 n/a 0.2%
    THRIVE MORTGAGE, LLC $85,000 n/a 0.2%
    HOMETRUST MORTGAGE COMPANY $75,000 n/a 0.1%
    Vista Bank $75,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $105,000 $65,000 -38.1% 0.1%
    AMARILLO COMMUNITY $15,000 $55,000 266.7% 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $55,000 n/a 0.1%

    Borger's top lender by overall market share is Amarillo National Bank, with 22.8% market share. In second place, with 13.6%, is Happy State Bank, having originated $7,600,000 in loans. In third place, with 11.8%, is QUICKEN LOANS, LLC, having originated $6,645,000 in loans. In third place, with 4.1%, is AMCAP MORTGAGE, LTD., having originated $2,325,000 in loans. In third place, with 3.2%, is LOANDEPOT.COM, LLC, having originated $1,820,000 in loans.

    Borger, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 292 $37,700,000 $129,110
    Refi 95 $15,275,000 $160,789
    Cash Out Refi 20 $2,890,000 $144,500
    Home Improvement 5 $215,000 $43,000
    Other 1 $5,000 $5,000

    Borger's most frequently cited loan purpose was Home Purchase, with 292 originations. The 2nd most popular reason was Refi, with 95 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 140 $18,990,000 $135,643
    3-4% 139 $18,315,000 $131,763
    <2.5% 67 $9,085,000 $135,597
    4-5% 25 $6,255,000 $250,200
    5-6% 16 $1,340,000 $83,750
    6-7% 8 $810,000 $101,250
    7-8% 3 $255,000 $85,000
    Over 8% 3 $155,000 $51,667

    During 2021, Borger's most frequently originated rate bucket was 2.5-3%, with 140 originations.

    Loan Sizing (Borger, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 186 $26,490,000 $142,419
    $100,000 or less 168 $11,780,000 $70,119
    $200k-400k 56 $13,580,000 $242,500
    $Over $1MM 2 $3,830,000 $1,915,000
    $400k-600k 1 $405,000 $405,000

    Borger's loan sizing saw the bucket of loans from $100k-200k with 186 originations, totaling $26,490,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 224 $30,880,000 $137,857
    60-80% 98 $15,850,000 $161,735
    40-60% 47 $5,095,000 $108,404
    20-40% 10 $710,000 $71,000
    Under 20% 4 $60,000 $15,000
    Over 100% 3 $395,000 $131,667

    Borger's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 224 originations, totaling $30,880,000 in origination value.

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Borger (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 $87,450 (-12.6%) $104,642 (-10.4%) 0.00 84
    2018-02-01 $89,900 (-14.4%) $102,400 (-17.0%) 0.00 90
    2018-03-01 $84,000 (-29.7%) $97,405 (-24.9%) 0.00 91
    2018-04-01 $89,900 (-26.9%) $101,005 (-29.0%) 0.00 89
    2018-05-01 $89,950 (-18.6%) $111,924 (-14.2%) 0.00 92
    2018-06-01 $89,900 (-18.6%) $109,095 (-14.9%) 0.00 90
    2018-07-01 $89,900 (-10.0%) $111,886 (-8.9%) 0.00 103
    2018-08-01 $94,750 (-1.5%) $112,413 (-1.8%) 0.00 109
    2018-09-01 $94,500 (-4.1%) $111,195 (-4.7%) 0.00 110
    2018-10-01 $94,700 (-3.9%) $109,495 (-3.7%) 0.00 117
    2018-11-01 $88,500 (-2.4%) $102,913 (-3.4%) 0.00 112
    2018-12-01 $85,500 (0.7%) $104,040 (1.2%) 0.00 108
    2019-01-01 $87,000 (-0.5%) $100,439 (-4.0%) 0.00 106
    2019-02-01 $89,950 (0.1%) $104,315 (1.9%) 0.00 102
    2019-03-01 $89,943 (7.1%) $101,194 (3.9%) 0.00 106
    2019-04-01 $91,500 (1.8%) $103,084 (2.1%) 0.00 106
    2019-05-01 $94,900 (5.5%) $109,926 (-1.8%) 0.00 109
    2019-06-01 $94,900 (5.6%) $110,208 (1.0%) 0.00 114
    2019-07-01 $96,450 (7.3%) $118,043 (5.5%) 0.00 107
    2019-08-01 $89,143 (-5.9%) $120,677 (7.4%) 0.00 111
    2019-09-01 $82,893 (-12.3%) $123,608 (11.2%) 0.00 118
    2019-10-01 $85,250 (-10.0%) $111,588 (1.9%) 0.00 111
    2019-11-01 $74,900 (-15.4%) $104,055 (1.1%) 0.00 116
    2019-12-01 $73,700 (-13.8%) $100,999 (-2.9%) 0.00 111
    2020-01-01 $73,900 (-15.1%) $94,252 (-6.2%) 0.00 97
    2020-02-01 $72,900 (-19.0%) $92,815 (-11.0%) 0.00 93
    2020-03-01 $60,000 (-33.3%) $84,751 (-16.3%) 0.00 77
    2020-04-01 $66,950 (-26.8%) $89,667 (-13.0%) 0.00 80
    2020-05-01 $76,900 (-19.0%) $98,552 (-10.4%) 0.00 89
    2020-06-01 $81,250 (-14.4%) $97,989 (-11.1%) 0.00 83
    2020-07-01 $89,950 (-6.7%) $106,859 (-9.5%) 0.00 82
    2020-08-01 $99,500 (11.6%) $119,103 (-1.3%) 0.00 73
    2020-09-01 $108,950 (31.4%) $126,170 (2.1%) 0.00 67
    2020-10-01 $99,800 (17.1%) $119,973 (7.5%) 0.00 66
    2020-11-01 $101,400 (35.4%) $121,996 (17.2%) 0.00 63
    2020-12-01 $110,000 (49.3%) $129,461 (28.2%) 0.00 62
    2021-01-01 $89,900 (21.7%) $121,389 (28.8%) 0.00 57
    2021-02-01 $79,900 (9.6%) $105,956 (14.2%) 0.00 45
    2021-03-01 $79,900 (33.2%) $99,619 (17.5%) 0.00 34
    2021-04-01 $74,400 (11.1%) $96,190 (7.3%) 0.00 33
    2021-05-01 $89,900 (16.9%) $111,977 (13.6%) 0.00 32
    2021-06-01 $115,000 (41.5%) $120,232 (22.7%) 0.00 32
    2021-07-01 $105,000 (16.7%) $119,299 (11.6%) 0.00 37
    2021-08-01 $95,000 (-4.5%) $118,296 (-0.7%) 0.00 48
    2021-09-01 $118,700 (9.0%) $141,703 (12.3%) 0.00 51
    2021-10-01 $120,000 (20.2%) $141,383 (17.9%) 0.00 60
    2021-11-01 $116,500 (14.9%) $132,383 (8.5%) 0.00 58
    2021-12-01 $120,000 (9.1%) $131,720 (1.8%) 0.00 51
    2022-01-01 $125,000 (39.0%) $141,912 (16.9%) 0.00 40
    2022-02-01 $129,500 (62.1%) $144,959 (36.8%) 0.00 32
    2022-03-01 $123,250 (54.3%) $139,009 (39.5%) 0.00 32
    2022-04-01 $135,000 (81.5%) $152,714 (58.8%) 0.00 39
    2022-05-01 $135,000 (50.2%) $138,522 (23.7%) 0.00 37
    Borger's median listing price for 2022-05-01 was $135,000, a difference of $45,100 (50.2%) versus the prior year and $0 versus the prior month.

    Borger's median listing price comes in at 0% of the national average.

    Borger's average listing price for 2022-05-01 was $138,522, a difference of $26,545 (23.7%) versus the prior year and $-14,192 versus the prior month.

    For the 2022-05-01 period, Borger had 37 MLS listings, a difference of -2 listings (-5%) versus the prior month and 5 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Borger (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,599 sqft
    2018-02-01 0 days 1,525 sqft
    2018-03-01 0 days 1,504 sqft
    2018-04-01 0 days 1,559 sqft
    2018-05-01 0 days 1,583 sqft
    2018-06-01 0 days 1,574 sqft
    2018-07-01 0 days 1,574 sqft
    2018-08-01 0 days 1,643 sqft
    2018-09-01 0 days 1,617 sqft
    2018-10-01 0 days 1,579 sqft
    2018-11-01 0 days 1,575 sqft
    2018-12-01 0 days 1,574 sqft
    2019-01-01 0 days 1,513 sqft
    2019-02-01 0 days 1,624 sqft
    2019-03-01 0 days 1,526 sqft
    2019-04-01 0 days 1,635 sqft
    2019-05-01 0 days 1,585 sqft
    2019-06-01 0 days 1,588 sqft
    2019-07-01 0 days 1,582 sqft
    2019-08-01 0 days 1,529 sqft
    2019-09-01 0 days 1,502 sqft
    2019-10-01 0 days 1,390 sqft
    2019-11-01 0 days 1,379 sqft
    2019-12-01 0 days 1,359 sqft
    2020-01-01 0 days 1,361 sqft
    2020-02-01 0 days 1,348 sqft
    2020-03-01 0 days 1,348 sqft
    2020-04-01 0 days 1,380 sqft
    2020-05-01 0 days 1,530 sqft
    2020-06-01 0 days 1,519 sqft
    2020-07-01 0 days 1,504 sqft
    2020-08-01 0 days 1,648 sqft
    2020-09-01 0 days 1,780 sqft
    2020-10-01 0 days 1,800 sqft
    2020-11-01 0 days 1,722 sqft
    2020-12-01 0 days 1,790 sqft
    2021-01-01 0 days 1,599 sqft
    2021-02-01 0 days 1,443 sqft
    2021-03-01 0 days 1,384 sqft
    2021-04-01 0 days 1,282 sqft
    2021-05-01 0 days 1,431 sqft
    2021-06-01 0 days 1,576 sqft
    2021-07-01 0 days 1,457 sqft
    2021-08-01 0 days 1,474 sqft
    2021-09-01 0 days 1,683 sqft
    2021-10-01 0 days 1,620 sqft
    2021-11-01 0 days 1,528 sqft
    2021-12-01 0 days 1,616 sqft
    2022-01-01 0 days 1,694 sqft
    2022-02-01 0 days 1,855 sqft
    2022-03-01 0 days 1,596 sqft
    2022-04-01 0 days 1,816 sqft
    2022-05-01 0 days 1,763 sqft
    Borger's median listing age (time on market) for 2022-05-01 was 0 days.

    Borger's median square footage for active listings during the 2022-05-01 period was 1,763 sqft. One year prior, the average listing was 1,431 sqft.