Brownsville Mortgage Rates

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

30 Year Fixed Rate mortgages in Brownsville averaged 6.22% 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 6.09% and one month ago for the week of 2022-05-19, the average rate was 5.66%.

Brownsville's average rate one year ago was 3.42%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.93%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Brownsville 30 Year Fixed Rate 2022-06-23 6.22%
Brownsville 30 Year Fixed Rate Refi 2022-06-23 5.93%
Brownsville 15 Year Fixed Rate 2022-06-23 5.54%
Brownsville 15 Year Fixed Rate Refi 2022-06-23 4.91%
Brownsville 30 Year FHA 2022-06-23 -0.05%
Brownsville 30 Year FHA Refi 2022-06-23 -0.16%
Brownsville 30 Year USDA 2022-06-23 -0.01%
Brownsville 30 Year USDA Refi 2022-06-23 -0.42%
Brownsville 30 Year VA 2022-06-23 0.23%
Brownsville 30 Year VA Refi 2022-06-23 0.02%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Brownsville, TN.

Brownsville 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 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 11 3.19% $4,878
Leaders Credit Union 10 3.16% $2,871
Regions Bank 4 3.44% $3,961
Wells Fargo Bank 3 3.29% $3,534
FIRST COMMUNITY MORTGAGE, INC. 3 2.96% $6,135
MORTGAGE INVESTORS GROUP, INC. 3 3.08% $3,409
Simmons Bank 3 2.92% $2,907
UNITED WHOLESALE MORTGAGE, LLC 2 3.63% $3,177
ROYAL UNITED MORTGAGE LLC 2 3.31% $6,618
BancorpSouth Bank 2 3.88% $2,958
First Citizens National Bank 2 3.31% $2,833
First Horizon Bank 1 2.75% $2,712
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.50% $2,162
Hometown Lenders, Inc. 1 3.13% $3,792
JPMorgan Chase Bank 1 3.49% $2,982
CALIBER HOME LOANS, INC. 1 3.30% $3,455
LOANDEPOT.COM, LLC 1 2.50% $1,686
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.13% $3,246
NEWREZ LLC 1 3.13% $3,374
Northpointe Bank 1 3.25% $3,978
Patriot Bank 1 3.13% $2,602
Peoples National Bank , N.A. 1 3.50% $2,732
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $3,883
AMERICAN MORTGAGE SERVICE COMPANY 1 3.25% $3,709
RUOFF MORTGAGE COMPANY, INC. 1 3.00% $2,795
1ST SIGNATURE LENDING, LLC 1 3.38% $3,462
SWBC MORTGAGE CORPORATION 1 4.25% $0
The Bank of Fayette County 1 5.25% $2,112
Triumph Bank 1 2.88% $2,681
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.25% $2,445
CB&S Bank, Inc. 1 3.38% $2,531
Deere Employees Credit Union 1 2.13% $2,877
COMMUNITY MORTGAGE CORPORATION 1 3.63% $2,666
Discover Bank 1 3.99% $0
EVERETT FINANCIAL, INC. 1 3.88% $0
U.S. Bank 1 2.99% $2,619

Brownsville, TN's 36 lenders originated 284 loans during 2021. The total origination value was $40,160,000, with an average loan value of $141,408.

The top Brownsville lender as defined by loan originations is QUICKEN LOANS, LLC, with 11 loans originated. Their average total fees are $4,878, which is $2,006 higher than the next largest lender, Leaders Credit Union.

The lowest fee Brownsville lenders (with over 10 loans originated) are Leaders Credit Union ($2,871), QUICKEN LOANS, LLC ($4,878), .

The lowest rate Brownsville lenders (with over 10 loans originated) are Leaders Credit Union (3.16%), QUICKEN LOANS, LLC (3.19%), .

Brownsville, TN 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
QUICKEN LOANS, LLC $4,675,000 $4,320,000 -7.6% 10.8%
Leaders Credit Union $2,180,000 $3,290,000 50.9% 8.2%
INSOUTH Bank $2,245,000 $2,580,000 14.9% 6.4%
FIRST COMMUNITY MORTGAGE, INC. $3,065,000 $2,415,000 -21.2% 6.0%
Mortgage Research Center, LLC $1,315,000 $2,375,000 80.6% 5.9%
Regions Bank $2,105,000 $2,155,000 2.4% 5.4%
FREEDOM MORTGAGE CORPORATION $1,610,000 $2,145,000 33.2% 5.3%
Simmons Bank $1,340,000 $1,750,000 30.6% 4.4%
MORTGAGE INVESTORS GROUP, INC. $1,390,000 $1,195,000 -14.0% 3.0%
EVERETT FINANCIAL, INC. $7,200,000 $1,115,000 -84.5% 2.8%
Wells Fargo Bank $55,000 $795,000 1,345.5% 2.0%
Mr. Cooper ( Nationstar Mortgage ) $375,000 $770,000 105.3% 1.9%
BancorpSouth Bank $45,000 $745,000 1,555.6% 1.9%
Patriot Bank $785,000 $635,000 -19.1% 1.6%
LOANDEPOT.COM, LLC $115,000 $605,000 426.1% 1.5%
CALIBER HOME LOANS, INC. $425,000 $580,000 36.5% 1.4%
Wolfe Financial, Inc $310,000 $575,000 85.5% 1.4%
Commercial Bank & Trust Co. $140,000 $510,000 264.3% 1.3%
UNITED WHOLESALE MORTGAGE, LLC $115,000 $500,000 334.8% 1.2%
Hometown Lenders, Inc. $495,000 n/a 1.2%
ROYAL UNITED MORTGAGE LLC $130,000 $450,000 246.2% 1.1%
PENNYMAC LOAN SERVICES, LLC $705,000 $425,000 -39.7% 1.1%
CHURCHILL MORTGAGE CORPORATION $335,000 $410,000 22.4% 1.0%
Paramount Residential Mortgage Group, Inc. $55,000 $405,000 636.4% 1.0%
The Bank of Fayette County $135,000 $405,000 200.0% 1.0%
Renasant Bank $380,000 n/a 0.9%
BETTER MORTGAGE CORPORATION $360,000 n/a 0.9%
First Citizens National Bank $330,000 $360,000 9.1% 0.9%
HOMESTAR FINANCIAL CORPORATION $360,000 n/a 0.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $405,000 $325,000 -19.8% 0.8%
AMERICAN MORTGAGE SERVICES INCORPORATED $260,000 $305,000 17.3% 0.8%
21ST MORTGAGE CORPORATION $265,000 $300,000 13.2% 0.7%
FirstBank $375,000 $290,000 -22.7% 0.7%
NEWREZ LLC $270,000 n/a 0.7%
COMMUNITY MORTGAGE CORPORATION $895,000 $250,000 -72.1% 0.6%
Memphis City Employees Credit Union $245,000 n/a 0.6%
Farm Credit Mid-America, ACA $275,000 $235,000 -14.5% 0.6%
VILLAGE CAPITAL & INVESTMENT LLC $220,000 $230,000 4.5% 0.6%
Hometown Equity Mortgage, LLC $220,000 n/a 0.5%
AMERICAN MORTGAGE SERVICE COMPANY $210,000 n/a 0.5%
First Option Mortgage, LLC $205,000 n/a 0.5%
RUOFF MORTGAGE COMPANY, INC. $200,000 n/a 0.5%
Deere Employees Credit Union $190,000 n/a 0.5%
AMERICAN PACIFIC MORTGAGE CORPORATION $185,000 n/a 0.5%
GUILD MORTGAGE COMPANY $185,000 n/a 0.5%
Northpointe Bank $180,000 n/a 0.4%
FEDEX EMPLOYEES CREDIT ASSOCIATION $175,000 n/a 0.4%
First Horizon Bank $175,000 n/a 0.4%
LAKEVIEW LOAN SERVICING, LLC $165,000 n/a 0.4%
SOUTHWEST STAGE FUNDING, LLC $165,000 n/a 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $55,000 $145,000 163.6% 0.4%
AMERICAN FINANCING CORPORATION $125,000 n/a 0.3%
A Mortgage Boutique, LLC $195,000 $125,000 -35.9% 0.3%
BROKER SOLUTIONS, INC. $135,000 $115,000 -14.8% 0.3%
PLANET HOME LENDING, LLC $115,000 n/a 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $155,000 $115,000 -25.8% 0.3%
1ST SIGNATURE LENDING, LLC $105,000 n/a 0.3%
Discover Bank $105,000 n/a 0.3%
Pinnacle Bank $105,000 n/a 0.3%
SWBC MORTGAGE CORPORATION $105,000 n/a 0.3%
Evolve Bank & Trust $95,000 n/a 0.2%
TRIAD FINANCIAL SERVICES, INC. $95,000 n/a 0.2%
Carrington Mortgage Services, LLC $245,000 $85,000 -65.3% 0.2%
Trustmark National Bank $55,000 $80,000 45.5% 0.2%
American Mortgage & Equity Consultants, Inc. $75,000 n/a 0.2%
CB&S Bank, Inc. $75,000 n/a 0.2%
JPMorgan Chase Bank $75,000 n/a 0.2%
Legends Bank $75,000 n/a 0.2%
Peoples National Bank , N.A. $75,000 n/a 0.2%
Brighton Bank $65,000 n/a 0.2%
Citizens Bank $55,000 n/a 0.1%
Flagstar Bank, FSB $55,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $55,000 n/a 0.1%
Triumph Bank $185,000 $55,000 -70.3% 0.1%
AMERICAN ADVISORS GROUP $35,000 n/a 0.1%
BankTennessee $35,000 $35,000 0.0% 0.1%
Centennial Bank $55,000 $35,000 -36.4% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $35,000 n/a 0.1%
U.S. Bank $35,000 n/a 0.1%

Brownsville's top lender by overall market share is QUICKEN LOANS, LLC, with 10.8% market share. In second place, with 8.2%, is Leaders Credit Union, having originated $3,290,000 in loans. In third place, with 6.4%, is INSOUTH Bank, having originated $2,580,000 in loans. In third place, with 6.0%, is FIRST COMMUNITY MORTGAGE, INC., having originated $2,415,000 in loans. In third place, with 5.9%, is Mortgage Research Center, LLC, having originated $2,375,000 in loans.


Brownsville, TN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 148 $22,130,000 $149,527
Refi 89 $11,865,000 $133,315
Cash Out Refi 43 $5,995,000 $139,419
Other 4 $170,000 $42,500

Brownsville's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 89 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 95 $13,475,000 $141,842
2.5-3% 93 $14,475,000 $155,645
<2.5% 36 $6,180,000 $171,667
4-5% 19 $1,765,000 $92,895
5-6% 6 $680,000 $113,333
7-8% 4 $270,000 $67,500
6-7% 1 $55,000 $55,000
Over 8% 1 $35,000 $35,000

During 2021, Brownsville's most frequently originated rate bucket was 3-4%, with 95 originations.

Loan Sizing (Brownsville, TN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 127 $17,585,000 $138,465
$100,000 or less 96 $6,040,000 $62,917
$200k-400k 59 $15,645,000 $265,169
$400k-600k 2 $890,000 $445,000

Brownsville's loan sizing saw the bucket of loans from $100k-200k with 127 originations, totaling $17,585,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 129 $20,885,000 $161,899
60-80% 64 $8,680,000 $135,625
40-60% 28 $2,980,000 $106,429
20-40% 10 $720,000 $72,000
Under 20% 5 $75,000 $15,000
Over 100% 3 $815,000 $271,667

Brownsville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 129 originations, totaling $20,885,000 in origination value.