Brownsville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Brownsville averaged
6.84%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.85% and
one month ago for the week of 2025-02-27, the
average rate was 6.76%.
Brownsville's average rate one year ago was 6.89%.
For refis of the same type during the week of 2025-04-03, the average rate
was 7.24%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Brownsville 30 Year Fixed Rate | 2025-04-03 | 6.84% |
| Brownsville 30 Year Fixed Rate Refi | 2025-04-03 | 7.24% |
| Brownsville 15 Year Fixed Rate | 2025-04-03 | 5.82% |
| Brownsville 15 Year Fixed Rate Refi | 2025-04-03 | 5.92% |
| Brownsville 30 Year FHA | 2025-04-03 | 6.06% |
| Brownsville 30 Year FHA Refi | 2025-04-03 | 6.36% |
| Brownsville 30 Year USDA | 2025-04-03 | 6.22% |
| Brownsville 30 Year USDA Refi | 2025-04-03 | 6.32% |
| Brownsville 30 Year VA | 2025-04-03 | 5.96% |
| Brownsville 30 Year VA Refi | 2025-04-03 | 5.86% |
Brownsville 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 Brownsville, TN 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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| QUICKEN LOANS, LLC | 4 | 7.03% | $5,610 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 4 | 6.97% | $6,249 |
| Leaders Credit Union | 3 | 6.66% | $3,204 |
| MORTGAGE INVESTORS GROUP, INC. | 2 | 6.81% | $5,528 |
| FIRST COMMUNITY MORTGAGE, INC. | 2 | 6.69% | $6,491 |
| JPMorgan Chase Bank | 2 | 6.81% | $3,752 |
| RELIANCE FIRST CAPITAL, LLC | 1 | 6.99% | $7,775 |
| The Loan Store, Inc. | 1 | 7.75% | $6,449 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 7.42% | $3,872 |
| BROKER SOLUTIONS, INC. | 1 | 6.25% | $3,474 |
| USAA Federal Savings Bank | 1 | 6.50% | $4,230 |
| First Citizens National Bank | 1 | 6.13% | $3,486 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.63% | $4,927 |
| Nations Lending Corporation | 1 | 5.88% | $7,613 |
| Patriot Bank | 1 | 6.63% | $3,500 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 6.50% | $6,621 |
Brownsville Average Closing Costs & Other Stats
Brownsville, TN's 16 lenders originated 203
loans during 2024. The total origination value was $36,755,000, with an average loan value of
$181,059.
Brownsville's average closing costs are $5,172.
The top Brownsville lender as defined by loan originations is QUICKEN LOANS, LLC, with
4 loans originated. Their average total fees are
$5,610, which is $639
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Brownsville lenders (with over 10 loans originated) are
.
The lowest rate Brownsville lenders (with over 10 loans originated) are
.
Brownsville, TN 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 |
|---|---|---|---|---|
| Royal Business Bank | $3,555,000 | n/a | 9.7% | |
| FIRST COMMUNITY MORTGAGE, INC. | $2,725,000 | $3,400,000 | 24.8% | 9.3% |
| QUICKEN LOANS, LLC | $3,200,000 | $2,300,000 | -28.1% | 6.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,170,000 | n/a | 5.9% | |
| INSOUTH Bank | $5,100,000 | $1,705,000 | -66.6% | 4.6% |
| Commercial Bank & Trust Co. | $45,000 | $1,310,000 | 2,811.1% | 3.6% |
| Leaders Credit Union | $1,495,000 | $1,150,000 | -23.1% | 3.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $260,000 | $1,020,000 | 292.3% | 2.8% |
| FirstBank | $975,000 | n/a | 2.7% | |
| First Citizens National Bank | $75,000 | $920,000 | 1,126.7% | 2.5% |
| MORTGAGE INVESTORS GROUP, INC. | $205,000 | $915,000 | 346.3% | 2.5% |
| Regions Bank | $1,315,000 | $775,000 | -41.1% | 2.1% |
| VILLAGE CAPITAL MORTGAGE | $650,000 | n/a | 1.8% | |
| BANK OF CROCKETT | $925,000 | $640,000 | -30.8% | 1.7% |
| Simmons Bank | $665,000 | $590,000 | -11.3% | 1.6% |
| Patriot Bank | $415,000 | $585,000 | 41.0% | 1.6% |
| PENNYMAC LOAN SERVICES, LLC | $465,000 | $540,000 | 16.1% | 1.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $490,000 | n/a | 1.3% | |
| Mortgage Research Center, LLC | $1,095,000 | $450,000 | -58.9% | 1.2% |
| JPMorgan Chase Bank | $225,000 | $430,000 | 91.1% | 1.2% |
| EMM LOANS LLC | $175,000 | $405,000 | 131.4% | 1.1% |
| Evolve Bank & Trust | $395,000 | n/a | 1.1% | |
| NEW DAY FINANCIAL, LLC | $155,000 | $390,000 | 151.6% | 1.1% |
| LOANDEPOT.COM, LLC | $300,000 | $380,000 | 26.7% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $365,000 | n/a | 1.0% | |
| EVERETT FINANCIAL, INC. | $3,470,000 | $350,000 | -89.9% | 1.0% |
| GUARANTEED RATE, INC. | $320,000 | n/a | 0.9% | |
| The Bank of Fayette County | $305,000 | $310,000 | 1.6% | 0.8% |
| Barrington Bank & Trust Company, N.A. | $285,000 | n/a | 0.8% | |
| SOUTHWEST FUNDING, LP | $265,000 | n/a | 0.7% | |
| The Loan Store, Inc. | $265,000 | n/a | 0.7% | |
| FREEDOM MORTGAGE CORPORATION | $250,000 | n/a | 0.7% | |
| BARTLETT MORTGAGE, INC. | $245,000 | n/a | 0.7% | |
| PLANET HOME LENDING, LLC | $245,000 | n/a | 0.7% | |
| McKenzie Banking Company | $75,000 | $225,000 | 200.0% | 0.6% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $225,000 | n/a | 0.6% | |
| ZILLOW HOME LOANS, LLC | $225,000 | n/a | 0.6% | |
| 21ST MORTGAGE CORPORATION | $805,000 | $205,000 | -74.5% | 0.6% |
| Centennial Bank | $195,000 | n/a | 0.5% | |
| ROYAL UNITED MORTGAGE LLC | $195,000 | n/a | 0.5% | |
| STOCKTON MORTGAGE CORPORATION | $195,000 | n/a | 0.5% | |
| RELIANCE FIRST CAPITAL, LLC | $185,000 | n/a | 0.5% | |
| Equity Prime Mortgage LLC | $175,000 | n/a | 0.5% | |
| BancorpSouth | $205,000 | $165,000 | -19.5% | 0.4% |
| USAA Federal Savings Bank | $155,000 | n/a | 0.4% | |
| AMERICAN HERITAGE LENDING, INC. | $145,000 | n/a | 0.4% | |
| Independent Bank | $205,000 | $145,000 | -29.3% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $145,000 | n/a | 0.4% | |
| Decatur County Bank | $2,070,000 | $140,000 | -93.2% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $140,000 | n/a | 0.4% | |
| Carroll Bank and Trust | $560,000 | $115,000 | -79.5% | 0.3% |
| Nations Lending Corporation | $115,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $580,000 | $115,000 | -80.2% | 0.3% |
| BROKER SOLUTIONS, INC. | $175,000 | $105,000 | -40.0% | 0.3% |
| CSL Financial, LLC | $105,000 | n/a | 0.3% | |
| LOANPAL, LLC | $105,000 | n/a | 0.3% | |
| NAVY FEDERAL CREDIT UNION | $435,000 | $95,000 | -78.2% | 0.3% |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $55,000 | n/a | 0.1% | |
| Bank of Ripley | $130,000 | $45,000 | -65.4% | 0.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $370,000 | $45,000 | -87.8% | 0.1% |
| Coastal Community Bank | $25,000 | n/a | 0.1% | |
| Figure Lending LLC | $35,000 | $25,000 | -28.6% | 0.1% |
| Memphis City Employees Credit Union | $25,000 | n/a | 0.1% |
Brownsville's top lender by overall market share is Royal Business Bank, with 9.7% market share. In second place, with 9.3%, is FIRST COMMUNITY MORTGAGE, INC., having originated $3,400,000 in loans. In third place, with 6.3%, is QUICKEN LOANS, LLC, having originated $2,300,000 in loans. In fourth place, with 5.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $2,170,000 in loans. In fifth place, with 4.6%, is INSOUTH Bank, having originated $1,705,000 in loans.
Brownsville, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 104 | $25,300,000 | $243,269 |
| Cash Out Refi | 40 | $6,090,000 | $152,250 |
| Home Improvement | 23 | $1,835,000 | $79,783 |
| Refi | 23 | $2,965,000 | $128,913 |
| Other | 13 | $565,000 | $43,462 |
Brownsville's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 69 | $11,265,000 | $163,261 |
| Over 8% | 33 | $6,975,000 | $211,364 |
| 7-8% | 33 | $6,135,000 | $185,909 |
| 5-6% | 18 | $3,380,000 | $187,778 |
| <2.5% | 4 | $20,000 | $5,000 |
| 4-5% | 3 | $705,000 | $235,000 |
| 3-4% | 1 | $55,000 | $55,000 |
During 2024, Brownsville's most frequently originated rate bucket was 6-7%, with 69 originations.
Loan Sizing (Brownsville, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 77 | $11,185,000 | $145,260 |
| $100,000 or less | 74 | $3,460,000 | $46,757 |
| $200k-400k | 45 | $11,925,000 | $265,000 |
| $400k-600k | 3 | $1,395,000 | $465,000 |
| $600k-1000k | 2 | $1,590,000 | $795,000 |
| $Over $1MM | 2 | $7,200,000 | $3,600,000 |
Brownsville's loan sizing saw the bucket of loans from $100k-200k with 77 originations, totaling $11,185,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 74 | $15,110,000 | $204,189 |
| 60-80% | 35 | $5,815,000 | $166,143 |
| Under 20% | 20 | $420,000 | $21,000 |
| 40-60% | 17 | $5,305,000 | $312,059 |
| 20-40% | 16 | $1,100,000 | $68,750 |
| Over 100% | 2 | $440,000 | $220,000 |
Brownsville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 74 originations, totaling $15,110,000 in origination value.