Borger Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Borger averaged
6.96%
for the week of 2025-05-08, compared to the national average of
6.76% for the same period.
The average rate for the prior week (2025-05-01) was
7.06% and
one month ago for the week of 2025-04-03, the
average rate was 6.74%.
Borger's average rate one year ago was 7.52%.
For refis of the same type during the week of 2025-05-08, the average rate
was 6.86%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-08 | 6.76% |
| Borger 30 Year Fixed Rate | 2025-05-08 | 6.96% |
| Borger 30 Year Fixed Rate Refi | 2025-05-08 | 6.86% |
| Borger 15 Year Fixed Rate | 2025-05-08 | 5.99% |
| Borger 15 Year Fixed Rate Refi | 2025-05-08 | 5.79% |
| Borger 30 Year FHA | 2025-05-08 | 6.68% |
| Borger 30 Year FHA Refi | 2025-05-08 | 6.58% |
| Borger 30 Year USDA | 2025-05-08 | 6.57% |
| Borger 30 Year USDA Refi | 2025-05-08 | 6.37% |
| Borger 30 Year VA | 2025-05-08 | 6.47% |
| Borger 30 Year VA Refi | 2025-05-08 | 6.37% |
Borger 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 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.).
Borger Average Closing Costs & Other Stats
Borger, TX's 32 lenders originated 279
loans during 2024. The total origination value was $42,835,000, with an average loan value of
$153,530.
Borger's average closing costs are $5,030.
The top Borger lender as defined by loan originations is Amarillo National Bank, with
32 loans originated. Their average total fees are
$4,291, which is $749
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Borger lenders (with over 10 loans originated) are
Amarillo National Bank ($4,291), .
The lowest rate Borger lenders (with over 10 loans originated) are
Amarillo National Bank (6.79%), .
Borger, TX 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 |
|---|---|---|---|---|
| Amarillo National Bank | $9,735,000 | $10,950,000 | 12.5% | 25.6% |
| QUICKEN LOANS, LLC | $2,955,000 | $3,325,000 | 12.5% | 7.8% |
| ASSOCIATED MORTGAGE CORPORATION | $1,805,000 | $1,640,000 | -9.1% | 3.8% |
| TEXAS TECH | $1,230,000 | $1,420,000 | 15.4% | 3.3% |
| Centennial Bank | $1,725,000 | $1,280,000 | -25.8% | 3.0% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $780,000 | $1,235,000 | 58.3% | 2.9% |
| Mortgage Research Center, LLC | $1,915,000 | $1,185,000 | -38.1% | 2.8% |
| PREMIA MORTGAGE, LLC | $165,000 | $1,175,000 | 612.1% | 2.7% |
| U.S. Bank | $85,000 | $920,000 | 982.4% | 2.1% |
| DAS Acquisition Company, LLC | $915,000 | n/a | 2.1% | |
| Education Credit Union | $980,000 | $910,000 | -7.1% | 2.1% |
| 21ST MORTGAGE CORPORATION | $230,000 | $805,000 | 250.0% | 1.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $510,000 | $785,000 | 53.9% | 1.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $195,000 | $720,000 | 269.2% | 1.7% |
| SOUTHWEST STAGE FUNDING, LLC | $290,000 | $670,000 | 131.0% | 1.6% |
| NATIONS RELIABLE LENDING, LLC | $2,215,000 | $640,000 | -71.1% | 1.5% |
| VILLAGE CAPITAL MORTGAGE | $630,000 | n/a | 1.5% | |
| FirstBank Southwest | $510,000 | $625,000 | 22.5% | 1.5% |
| FREEDOM MORTGAGE CORPORATION | $265,000 | $620,000 | 134.0% | 1.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $530,000 | n/a | 1.2% | |
| Access Community Credit Union | $620,000 | $525,000 | -15.3% | 1.2% |
| Bank of America | $45,000 | $450,000 | 900.0% | 1.1% |
| PNC Bank | $35,000 | $430,000 | 1,128.6% | 1.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $135,000 | $425,000 | 214.8% | 1.0% |
| CARDINAL FINANCIAL | $505,000 | $410,000 | -18.8% | 1.0% |
| Alliance Credit Union | $400,000 | n/a | 0.9% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $390,000 | n/a | 0.9% | |
| PREMIER LENDING, INC. | $270,000 | $370,000 | 37.0% | 0.9% |
| CALCON MUTUAL MORTGAGE LLC | $185,000 | $340,000 | 83.8% | 0.8% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $330,000 | n/a | 0.8% | |
| ROYAL UNITED MORTGAGE LLC | $450,000 | $315,000 | -30.0% | 0.7% |
| Paramount Residential Mortgage Group, Inc. | $285,000 | n/a | 0.7% | |
| LOANDEPOT.COM, LLC | $165,000 | $270,000 | 63.6% | 0.6% |
| HOMESIDE FINANCIAL, LLC | $265,000 | n/a | 0.6% | |
| First United Bank and Trust Company | $255,000 | n/a | 0.6% | |
| Cornerstone First Mortgage, Inc | $245,000 | n/a | 0.6% | |
| COUNTRYPLACE MORTGAGE, LTD. | $245,000 | n/a | 0.6% | |
| AMERISAVE MORTGAGE CORPORATION | $125,000 | $225,000 | 80.0% | 0.5% |
| Herring Bank | $205,000 | $225,000 | 9.8% | 0.5% |
| HOMETRUST MORTGAGE COMPANY | $165,000 | $215,000 | 30.3% | 0.5% |
| Lakeview Community Capital, LLC | $205,000 | n/a | 0.5% | |
| BROKER SOLUTIONS, INC. | $485,000 | $200,000 | -58.8% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $360,000 | $180,000 | -50.0% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $175,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $650,000 | $175,000 | -73.1% | 0.4% |
| LOANPAL, LLC | $160,000 | n/a | 0.4% | |
| 1ST SIGNATURE LENDING, LLC | $155,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $175,000 | $145,000 | -17.1% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $115,000 | $135,000 | 17.4% | 0.3% |
| NBKC BANK | $295,000 | $135,000 | -54.2% | 0.3% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $115,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $115,000 | n/a | 0.3% | |
| TOWNE MORTGAGE COMPANY | $115,000 | n/a | 0.3% | |
| Wells Fargo Bank | $75,000 | $115,000 | 53.3% | 0.3% |
| OCEANSIDE MORTGAGE COMPANY | $105,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $480,000 | $100,000 | -79.2% | 0.2% |
| Ally Bank | $85,000 | n/a | 0.2% | |
| VAN DYK MORTGAGE CORPORATION | $75,000 | n/a | 0.2% | |
| Discover Bank | $70,000 | n/a | 0.2% | |
| City Bank | $55,000 | n/a | 0.1% | |
| First Financial Bank | $55,000 | n/a | 0.1% | |
| The People's Federal Credit Union | $55,000 | n/a | 0.1% | |
| NAVY FEDERAL CREDIT UNION | $250,000 | $45,000 | -82.0% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $255,000 | $35,000 | -86.3% | 0.1% |
Borger's top lender by overall market share is Amarillo National Bank, with 25.6% market share. In second place, with 7.8%, is QUICKEN LOANS, LLC, having originated $3,325,000 in loans. In third place, with 3.8%, is ASSOCIATED MORTGAGE CORPORATION, having originated $1,640,000 in loans. In fourth place, with 3.3%, is TEXAS TECH, having originated $1,420,000 in loans. In fifth place, with 3.0%, is Centennial Bank, having originated $1,280,000 in loans.
Borger, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 195 | $32,325,000 | $165,769 |
| Cash Out Refi | 28 | $3,620,000 | $129,286 |
| Refi | 27 | $4,595,000 | $170,185 |
| Other | 25 | $1,995,000 | $79,800 |
| Home Improvement | 4 | $300,000 | $75,000 |
Borger's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 123 | $20,115,000 | $163,537 |
| 7-8% | 64 | $10,150,000 | $158,594 |
| Over 8% | 50 | $4,760,000 | $95,200 |
| 5-6% | 33 | $6,675,000 | $202,273 |
| <2.5% | 2 | $10,000 | $5,000 |
| 4-5% | 1 | $275,000 | $275,000 |
During 2024, Borger's most frequently originated rate bucket was 6-7%, with 123 originations.
Loan Sizing (Borger, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 122 | $17,960,000 | $147,213 |
| $100,000 or less | 89 | $5,965,000 | $67,022 |
| $200k-400k | 65 | $16,975,000 | $261,154 |
| $600k-1000k | 2 | $1,510,000 | $755,000 |
| $400k-600k | 1 | $425,000 | $425,000 |
Borger's loan sizing saw the bucket of loans from $100k-200k with 122 originations, totaling $17,960,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 150 | $25,250,000 | $168,333 |
| 60-80% | 62 | $10,110,000 | $163,065 |
| 40-60% | 28 | $3,110,000 | $111,071 |
| 20-40% | 13 | $845,000 | $65,000 |
| Under 20% | 10 | $440,000 | $44,000 |
| Over 100% | 4 | $800,000 | $200,000 |
Borger's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 150 originations, totaling $25,250,000 in origination value.