Borger Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Borger averaged 6.32% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.28% and one month ago for the week of 2024-08-29, the average rate was 6.55%.

Borger's average rate one year ago was 7.51%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.72%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Borger 30 Year Fixed Rate 2024-10-03 6.32%
Borger 30 Year Fixed Rate Refi 2024-10-03 6.72%
Borger 15 Year Fixed Rate 2024-10-03 5.25%
Borger 15 Year Fixed Rate Refi 2024-10-03 5.35%
Borger 30 Year FHA 2024-10-03 6.03%
Borger 30 Year FHA Refi 2024-10-03 6.09%
Borger 30 Year USDA 2024-10-03 6.17%
Borger 30 Year USDA Refi 2024-10-03 5.87%
Borger 30 Year VA 2024-10-03 5.6%
Borger 30 Year VA Refi 2024-10-03 5.6%
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 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Amarillo National Bank 30 6.98% $4,073
QUICKEN LOANS, LLC 9 6.72% $5,714
Education Credit Union 6 7.40% $2,808
TEXAS TECH 4 6.00% $4,617
Centennial Bank 2 7.06% $4,385
CHURCHILL MORTGAGE CORPORATION 2 6.00% $7,955
Truity Federal Credit Union 2 6.31% $2,749
UNITED WHOLESALE MORTGAGE, LLC 2 7.25% $10,987
ASSOCIATED MORTGAGE CORPORATION 2 6.56% $4,572
NBKC BANK 1 7.50% $5,425
PENNYMAC LOAN SERVICES, LLC 1 6.62% $4,944
Plains Commerce Bank 1 6.88% $3,052
PNC Bank 1 6.63% $2,722
PREMIA MORTGAGE, LLC 1 6.50% $1,724
PREMIER LENDING, INC. 1 6.63% $5,891
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $5,122
ROYAL UNITED MORTGAGE LLC 1 7.63% $6,975
The Loan Store, Inc. 1 7.13% $4,975
U.S. Bank 1 6.63% $2,810
V.I.P. MORTGAGE, INC. 1 6.88% $3,483
Access Community Credit Union 1 7.75% $8,616
Wells Fargo Bank 1 7.50% $4,277
AMERICAN FINANCING CORPORATION 1 6.75% $6,384
CMG MORTGAGE, INC. 1 6.50% $4,527
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.99% $2,938
EVERETT FINANCIAL, INC. 1 6.88% $6,672
First United Bank 1 6.88% $5,284
LOANDEPOT.COM, LLC 1 7.50% $3,903
LOANPEOPLE, LLC 1 6.88% $3,776
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $6,694

Borger Average Closing Costs & Other Stats

Borger, TX's 30 lenders originated 275 loans during 2023. The total origination value was $40,385,000, with an average loan value of $146,855.

Borger's average closing costs are $4,866.

The top Borger lender as defined by loan originations is Amarillo National Bank, with 30 loans originated. Their average total fees are $4,073, which is $1,641 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Borger lenders (with over 10 loans originated) are Amarillo National Bank ($4,073), .

The lowest rate Borger lenders (with over 10 loans originated) are Amarillo National Bank (6.98%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Amarillo National Bank $9,775,000 $9,735,000 -0.4% 24.1%
QUICKEN LOANS, LLC $3,105,000 $2,955,000 -4.8% 7.3%
AMCAP MORTGAGE, LTD. $690,000 $2,435,000 252.9% 6.0%
NATIONS RELIABLE LENDING, LLC $810,000 $2,215,000 173.5% 5.5%
Mortgage Research Center, LLC $2,110,000 $1,915,000 -9.2% 4.7%
ASSOCIATED MORTGAGE CORPORATION $1,175,000 $1,805,000 53.6% 4.5%
Centennial Bank $4,100,000 $1,725,000 -57.9% 4.3%
TEXAS TECH $95,000 $1,230,000 1,194.7% 3.0%
EVERETT FINANCIAL, INC. $230,000 $1,125,000 389.1% 2.8%
Education Credit Union $565,000 $980,000 73.5% 2.4%
EUSTIS AND AMERICAN MORTGAGE COMPANY $2,030,000 $780,000 -61.6% 1.9%
PENNYMAC LOAN SERVICES, LLC $650,000 n/a 1.6%
Access Community Credit Union $620,000 n/a 1.5%
Truity Federal Credit Union $85,000 $595,000 600.0% 1.5%
FirstBank Southwest $630,000 $510,000 -19.0% 1.3%
UNITED WHOLESALE MORTGAGE, LLC $175,000 $510,000 191.4% 1.3%
CARDINAL FINANCIAL $75,000 $505,000 573.3% 1.3%
First United Bank $375,000 $495,000 32.0% 1.2%
BROKER SOLUTIONS, INC. $520,000 $485,000 -6.7% 1.2%
GUILD MORTGAGE COMPANY $480,000 n/a 1.2%
LEADERONE FINANCIAL CORPORATION $465,000 n/a 1.2%
ROYAL UNITED MORTGAGE LLC $385,000 $450,000 16.9% 1.1%
SWBC MORTGAGE CORPORATION $395,000 n/a 1.0%
Mr. Cooper ( Nationstar Mortgage ) $715,000 $360,000 -49.7% 0.9%
CHURCHILL MORTGAGE CORPORATION $285,000 $310,000 8.8% 0.8%
NBKC BANK $295,000 n/a 0.7%
SOUTHWEST STAGE FUNDING, LLC $85,000 $290,000 241.2% 0.7%
PREMIER LENDING, INC. $135,000 $270,000 100.0% 0.7%
FREEDOM MORTGAGE CORPORATION $265,000 n/a 0.7%
TRIAD FINANCIAL SERVICES, INC. $255,000 n/a 0.6%
NAVY FEDERAL CREDIT UNION $320,000 $250,000 -21.9% 0.6%
AMERICAN FINANCING CORPORATION $235,000 n/a 0.6%
21ST MORTGAGE CORPORATION $1,060,000 $230,000 -78.3% 0.6%
Herring Bank $540,000 $205,000 -62.0% 0.5%
Peoples Bank $205,000 n/a 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,365,000 $195,000 -91.8% 0.5%
CALCON MUTUAL MORTGAGE LLC $185,000 n/a 0.5%
Bank of Colorado $175,000 n/a 0.4%
USAA Federal Savings Bank $420,000 $175,000 -58.3% 0.4%
HOMETRUST MORTGAGE COMPANY $400,000 $165,000 -58.8% 0.4%
LOANDEPOT.COM, LLC $1,350,000 $165,000 -87.8% 0.4%
PREMIA MORTGAGE, LLC $195,000 $165,000 -15.4% 0.4%
GREENSTATE CREDIT UNION $155,000 n/a 0.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $155,000 n/a 0.4%
The Federal Savings Bank $155,000 n/a 0.4%
LOANPEOPLE, LLC $145,000 n/a 0.4%
NTFN, INC. $145,000 n/a 0.4%
Mid-Continent Funding, Inc. $135,000 n/a 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $135,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $145,000 $125,000 -13.8% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $140,000 $115,000 -17.9% 0.3%
First FarmBank $115,000 n/a 0.3%
V.I.P. MORTGAGE, INC. $105,000 n/a 0.3%
The Loan Store, Inc. $95,000 n/a 0.2%
THRIVE MORTGAGE, LLC $375,000 $95,000 -74.7% 0.2%
U.S. Bank $135,000 $85,000 -37.0% 0.2%
CMG MORTGAGE, INC. $75,000 n/a 0.2%
Wells Fargo Bank $1,290,000 $75,000 -94.2% 0.2%
Plains Commerce Bank $65,000 n/a 0.2%
Truist $65,000 n/a 0.2%
AMARILLO COMMUNITY $195,000 $55,000 -71.8% 0.1%
Bank of America $225,000 $45,000 -80.0% 0.1%
PNC Bank $35,000 n/a 0.1%

Borger's top lender by overall market share is Amarillo National Bank, with 24.1% market share. In second place, with 7.3%, is QUICKEN LOANS, LLC, having originated $2,955,000 in loans. In third place, with 6.0%, is AMCAP MORTGAGE, LTD., having originated $2,435,000 in loans. In fourth place, with 5.5%, is NATIONS RELIABLE LENDING, LLC, having originated $2,215,000 in loans. In fifth place, with 4.7%, is Mortgage Research Center, LLC, having originated $1,915,000 in loans.


Borger Housing Market Trends (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 $88,075 (-12.1%) $106,090 (-11.2%) 0.00 81
2018-02-01 $87,425 (-17.6%) $101,969 (-18.0%) 0.00 89
2018-03-01 $84,450 (-28.0%) $98,229 (-24.2%) 0.00 89
2018-04-01 $86,225 (-29.0%) $100,875 (-29.5%) 0.00 89
2018-05-01 $87,050 (-25.4%) $111,068 (-16.1%) 0.00 93
2018-06-01 $89,500 (-19.0%) $109,116 (-16.1%) 0.00 91
2018-07-01 $89,000 (-10.7%) $110,589 (-10.0%) 0.00 102
2018-08-01 $94,125 (-0.8%) $114,920 (0.6%) 0.00 109
2018-09-01 $90,000 (-8.2%) $114,572 (-2.1%) 0.00 110
2018-10-01 $91,500 (-6.9%) $112,572 (-1.5%) 0.00 118
2018-11-01 $89,000 (-1.0%) $107,677 (1.5%) 0.00 114
2018-12-01 $85,500 (-1.2%) $108,467 (5.1%) 0.00 109
2019-01-01 $85,500 (-2.9%) $103,609 (-2.3%) 0.00 105
2019-02-01 $89,975 (2.9%) $108,229 (6.1%) 0.00 103
2019-03-01 $90,164 (6.8%) $104,930 (6.8%) 0.00 107
2019-04-01 $91,725 (6.4%) $107,002 (6.1%) 0.00 107
2019-05-01 $93,000 (6.8%) $107,617 (-3.1%) 0.00 109
2019-06-01 $94,900 (6.0%) $109,285 (0.2%) 0.00 115
2019-07-01 $95,700 (7.5%) $119,914 (8.4%) 0.00 108
2019-08-01 $93,427 (-0.7%) $118,974 (3.5%) 0.00 108
2019-09-01 $91,218 (1.4%) $116,841 (2.0%) 0.00 113
2019-10-01 $85,750 (-6.3%) $113,203 (0.6%) 0.00 114
2019-11-01 $73,700 (-17.2%) $106,460 (-1.1%) 0.00 117
2019-12-01 $72,115 (-15.7%) $103,290 (-4.8%) 0.00 112
2020-01-01 $72,675 (-15.0%) $96,559 (-6.8%) 0.00 100
2020-02-01 $72,450 (-19.5%) $95,219 (-12.0%) 0.00 95
2020-03-01 $59,950 (-33.5%) $88,852 (-15.3%) 0.00 77
2020-04-01 $64,475 (-29.7%) $92,831 (-13.2%) 0.00 81
2020-05-01 $79,925 (-14.1%) $102,216 (-5.0%) 0.00 91
2020-06-01 $81,875 (-13.7%) $101,255 (-7.4%) 0.00 85
2020-07-01 $89,950 (-6.0%) $110,059 (-8.2%) 0.00 85
2020-08-01 $99,500 (6.5%) $121,145 (1.8%) 0.00 72
2020-09-01 $101,975 (11.8%) $126,509 (8.3%) 0.00 70
2020-10-01 $95,500 (11.4%) $118,247 (4.5%) 0.00 67
2020-11-01 $99,375 (34.8%) $123,369 (15.9%) 0.00 65
2020-12-01 $108,250 (50.1%) $130,570 (26.4%) 0.00 62
2021-01-01 $93,850 (29.1%) $124,581 (29.0%) 0.00 58
2021-02-01 $79,900 (10.3%) $105,430 (10.7%) 0.00 44
2021-03-01 $80,600 (34.5%) $100,309 (12.9%) 0.00 35
2021-04-01 $73,750 (14.4%) $95,029 (2.4%) 0.00 34
2021-05-01 $88,750 (11.0%) $111,977 (9.6%) 0.00 32
2021-06-01 $107,900 (31.8%) $116,603 (15.2%) 0.00 30
2021-07-01 $81,500 (-9.4%) $112,186 (1.9%) 0.00 35
2021-08-01 $92,500 (-7.0%) $121,041 (-0.1%) 0.00 47
2021-09-01 $115,725 (13.5%) $138,446 (9.4%) 0.00 49
2021-10-01 $120,000 (25.7%) $141,473 (19.6%) 0.00 57
2021-11-01 $116,725 (17.5%) $133,324 (8.1%) 0.00 57
2021-12-01 $119,450 (10.4%) $132,399 (1.4%) 0.00 50
2022-01-01 $125,000 (33.2%) $135,441 (8.7%) 0.00 44
2022-02-01 $130,750 (63.6%) $145,604 (38.1%) 0.00 33
2022-03-01 $120,750 (49.8%) $136,269 (35.9%) 0.00 32
2022-04-01 $135,000 (83.1%) $152,754 (60.7%) 0.00 38
2022-05-01 $128,000 (44.2%) $134,694 (20.3%) 0.00 37
2022-06-01 $127,500 (18.2%) $145,642 (24.9%) 0.00 42
2022-07-01 $124,500 (52.8%) $149,711 (33.5%) 0.00 52
2022-08-01 $115,175 (24.5%) $131,276 (8.5%) 0.00 54
2022-09-01 $109,950 (-5.0%) $131,482 (-5.0%) 0.00 56
2022-10-01 $119,900 (-0.1%) $137,148 (-3.1%) 0.00 62
2022-11-01 $125,950 (7.9%) $147,166 (10.4%) 0.00 65
2022-12-01 $125,000 (4.7%) $145,655 (10.0%) 0.00 61
2023-01-01 $118,725 (-5.0%) $139,155 (2.7%) 0.00 55
2023-02-01 $110,450 (-15.5%) $135,728 (-6.8%) 0.00 55
2023-03-01 $141,165 (16.9%) $143,699 (5.5%) 0.00 56
2023-04-01 $160,000 (18.5%) $156,701 (2.6%) 0.00 58
2023-05-01 $165,000 (28.9%) $173,740 (29.0%) 0.00 54
2023-06-01 $193,750 (52.0%) $184,678 (26.8%) 0.00 50
2023-07-01 $166,750 (33.9%) $177,100 (18.3%) 0.00 43
2023-08-01 $149,021 (29.4%) $176,076 (34.1%) 0.00 53
2023-09-01 $165,000 (50.1%) $179,071 (36.2%) 0.00 56
2023-10-01 $155,500 (29.7%) $180,574 (31.7%) 0.00 56
2023-11-01 $161,750 (28.4%) $178,116 (21.0%) 0.00 53
2023-12-01 $157,500 (26.0%) $173,626 (19.2%) 0.00 51
2024-01-01 $163,725 (37.9%) $176,301 (26.7%) 0.00 53
2024-02-01 $134,975 (22.2%) $170,142 (25.4%) 0.00 59
2024-03-01 $125,000 (-11.5%) $161,584 (12.5%) 0.00 54
2024-04-01 $135,725 (-15.2%) $171,744 (9.6%) 0.00 52
2024-05-01 $132,175 (-19.9%) $166,305 (-4.3%) 0.00 51
2024-06-01 $140,950 (-27.3%) $189,049 (2.4%) 0.00 56
2024-07-01 $138,675 (-16.8%) $188,093 (6.2%) 0.00 67
2024-08-01 $125,000 (-16.1%) $176,414 (0.2%) 0.00 69
2024-09-01 $130,000 (-21.2%) $179,637 (0.3%) 0.00 79
Borger's median listing price for 2024-09-01 was $130,000, a difference of $-35,000 (-21.2%) versus the prior year and $5,000 versus the prior month.

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

Borger's average listing price for 2024-09-01 was $179,637, a difference of $566 (0.3%) versus the prior year and $3,223 versus the prior month.

For the 2024-09-01 period, Borger had 79 MLS listings, a difference of 10 listings (14%) versus the prior month and 23 listings (41%) 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 1,595 sqft
2018-02-01 0 days 1,509 sqft
2018-03-01 0 days 1,537 sqft
2018-04-01 0 days 1,557 sqft
2018-05-01 0 days 1,584 sqft
2018-06-01 0 days 1,562 sqft
2018-07-01 0 days 1,548 sqft
2018-08-01 0 days 1,619 sqft
2018-09-01 0 days 1,598 sqft
2018-10-01 0 days 1,579 sqft
2018-11-01 0 days 1,577 sqft
2018-12-01 0 days 1,568 sqft
2019-01-01 0 days 1,513 sqft
2019-02-01 0 days 1,626 sqft
2019-03-01 0 days 1,563 sqft
2019-04-01 0 days 1,642 sqft
2019-05-01 0 days 1,558 sqft
2019-06-01 0 days 1,585 sqft
2019-07-01 0 days 1,595 sqft
2019-08-01 0 days 1,508 sqft
2019-09-01 0 days 1,443 sqft
2019-10-01 0 days 1,390 sqft
2019-11-01 0 days 1,379 sqft
2019-12-01 0 days 1,357 sqft
2020-01-01 0 days 1,360 sqft
2020-02-01 0 days 1,348 sqft
2020-03-01 0 days 1,326 sqft
2020-04-01 0 days 1,370 sqft
2020-05-01 0 days 1,558 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 1,770 sqft
2020-10-01 0 days 1,740 sqft
2020-11-01 0 days 1,789 sqft
2020-12-01 0 days 1,776 sqft
2021-01-01 0 days 1,599 sqft
2021-02-01 0 days 1,462 sqft
2021-03-01 0 days 1,405 sqft
2021-04-01 0 days 1,281 sqft
2021-05-01 0 days 1,438 sqft
2021-06-01 0 days 1,513 sqft
2021-07-01 0 days 1,361 sqft
2021-08-01 0 days 1,454 sqft
2021-09-01 0 days 1,688 sqft
2021-10-01 0 days 1,682 sqft
2021-11-01 0 days 1,546 sqft
2021-12-01 0 days 1,650 sqft
2022-01-01 0 days 1,747 sqft
2022-02-01 0 days 1,835 sqft
2022-03-01 0 days 1,579 sqft
2022-04-01 0 days 1,816 sqft
2022-05-01 0 days 1,734 sqft
2022-06-01 0 days 1,667 sqft
2022-07-01 0 days 1,647 sqft
2022-08-01 0 days 1,566 sqft
2022-09-01 0 days 1,455 sqft
2022-10-01 0 days 1,439 sqft
2022-11-01 0 days 1,593 sqft
2022-12-01 0 days 1,555 sqft
2023-01-01 0 days 1,486 sqft
2023-02-01 0 days 1,482 sqft
2023-03-01 0 days 1,518 sqft
2023-04-01 0 days 1,673 sqft
2023-05-01 0 days 1,812 sqft
2023-06-01 0 days 1,857 sqft
2023-07-01 0 days 1,714 sqft
2023-08-01 0 days 1,595 sqft
2023-09-01 0 days 1,650 sqft
2023-10-01 0 days 1,649 sqft
2023-11-01 0 days 1,649 sqft
2023-12-01 0 days 1,599 sqft
2024-01-01 0 days 1,651 sqft
2024-02-01 0 days 1,568 sqft
2024-03-01 0 days 1,589 sqft
2024-04-01 0 days 1,606 sqft
2024-05-01 0 days 1,599 sqft
2024-06-01 0 days 1,630 sqft
2024-07-01 0 days 1,552 sqft
2024-08-01 0 days 1,451 sqft
2024-09-01 0 days 1,475 sqft
Borger's median listing age (time on market) for 2024-09-01 was 0 days.

Borger's median square footage for active listings during the 2024-09-01 period was 1,475 sqft. One year prior, the average listing was 1,650 sqft.

Borger, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 224 $35,610,000 $158,973
Other 21 $1,995,000 $95,000
Cash Out Refi 16 $1,390,000 $86,875
Refi 10 $1,080,000 $108,000
Home Improvement 4 $310,000 $77,500

Borger's most frequently cited loan purpose was Home Purchase, with 224 originations. The 2nd most popular reason was Other, with 21 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 106 $16,750,000 $158,019
7-8% 80 $12,920,000 $161,500
Over 8% 39 $4,175,000 $107,051
5-6% 32 $4,780,000 $149,375
<2.5% 5 $25,000 $5,000
4-5% 3 $635,000 $211,667
3-4% 1 $65,000 $65,000

During 2023, Borger's most frequently originated rate bucket was 6-7%, with 106 originations.

Loan Sizing (Borger, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 118 $17,500,000 $148,305
$100,000 or less 94 $5,760,000 $61,277
$200k-400k 60 $15,710,000 $261,833
$400k-600k 3 $1,415,000 $471,667

Borger's loan sizing saw the bucket of loans from $100k-200k with 118 originations, totaling $17,500,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 166 $27,880,000 $167,952
60-80% 56 $8,000,000 $142,857
20-40% 16 $1,010,000 $63,125
40-60% 15 $1,165,000 $77,667
Under 20% 7 $85,000 $12,143
Over 100% 5 $1,205,000 $241,000

Borger's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 166 originations, totaling $27,880,000 in origination value.