Del Rio Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Del Rio averaged
7%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.63% and
one month ago for the week of 2024-10-03, the
average rate was 6.23%.
Del Rio's average rate one year ago was 7.67%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.89%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Del Rio 30 Year Fixed Rate | 2024-11-07 | 7% |
| Del Rio 30 Year Fixed Rate Refi | 2024-11-07 | 6.89% |
| Del Rio 15 Year Fixed Rate | 2024-11-07 | 5.9% |
| Del Rio 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Del Rio 30 Year FHA | 2024-11-07 | 6.46% |
| Del Rio 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Del Rio 30 Year USDA | 2024-11-07 | 6.58% |
| Del Rio 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Del Rio 30 Year VA | 2024-11-07 | 5.89% |
| Del Rio 30 Year VA Refi | 2024-11-07 | 6.14% |
Del Rio 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 Del Rio, 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.).
Del Rio Average Closing Costs & Other Stats
Del Rio, TX's 32 lenders originated 537
loans during 2023. The total origination value was $114,095,000, with an average loan value of
$212,467.
Del Rio's average closing costs are $6,864.
The top Del Rio lender as defined by loan originations is Flagstar Bank, FSB, with
16 loans originated. Their average total fees are
$6,496, which is $1,777
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Del Rio lenders (with over 10 loans originated) are
Flagstar Bank, FSB ($6,496), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,273), .
The lowest rate Del Rio lenders (with over 10 loans originated) are
Flagstar Bank, FSB (6.90%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.02%), .
Del Rio, 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 |
|---|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $18,510,000 | $20,480,000 | 10.6% | 17.9% |
| Flagstar Bank, FSB | $22,345,000 | $13,060,000 | -41.6% | 11.4% |
| The Bank & Trust | $10,060,000 | $11,865,000 | 17.9% | 10.4% |
| Mortgage Research Center, LLC | $9,455,000 | $6,485,000 | -31.4% | 5.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,710,000 | $5,760,000 | 112.5% | 5.0% |
| Armed Forces Bank | $905,000 | $5,560,000 | 514.4% | 4.9% |
| QUICKEN LOANS, LLC | $10,350,000 | $5,390,000 | -47.9% | 4.7% |
| Texas Community Bank | $4,005,000 | $3,700,000 | -7.6% | 3.2% |
| SFMC, LP | $7,920,000 | $3,225,000 | -59.3% | 2.8% |
| PENNYMAC LOAN SERVICES, LLC | $1,745,000 | $2,710,000 | 55.3% | 2.4% |
| NAVY FEDERAL CREDIT UNION | $3,135,000 | $2,085,000 | -33.5% | 1.8% |
| USAA Federal Savings Bank | $5,815,000 | $2,010,000 | -65.4% | 1.8% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,110,000 | $1,740,000 | -17.5% | 1.5% |
| 21ST MORTGAGE CORPORATION | $505,000 | $1,555,000 | 207.9% | 1.4% |
| NBKC BANK | $3,455,000 | $1,550,000 | -55.1% | 1.4% |
| GARDNER FINANCIAL SERVICES, LTD. | $1,535,000 | n/a | 1.3% | |
| SECURITY SERVICE | $2,880,000 | $1,270,000 | -55.9% | 1.1% |
| PNC Bank | $1,350,000 | $1,185,000 | -12.2% | 1.0% |
| RANDOLPH-BROOKS | $910,000 | $980,000 | 7.7% | 0.9% |
| GUARANTEED RATE AFFINITY, LLC | $1,125,000 | $870,000 | -22.7% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,020,000 | $855,000 | -16.2% | 0.7% |
| Century Mortgage Company DBA Century Lending Company | $815,000 | n/a | 0.7% | |
| GUARANTEED RATE, INC. | $335,000 | $815,000 | 143.3% | 0.7% |
| AMCAP MORTGAGE, LTD. | $765,000 | n/a | 0.7% | |
| Wells Fargo Bank | $1,790,000 | $745,000 | -58.4% | 0.7% |
| Sunflower Bank | $585,000 | $740,000 | 26.5% | 0.6% |
| ACADEMY MORTGAGE CORPORATION | $220,000 | $730,000 | 231.8% | 0.6% |
| LOANPAL, LLC | $530,000 | $695,000 | 31.1% | 0.6% |
| Barrington Bank & Trust Company, N.A. | $690,000 | n/a | 0.6% | |
| Carrington Mortgage Services, LLC | $175,000 | $665,000 | 280.0% | 0.6% |
| PLANET HOME LENDING, LLC | $410,000 | $630,000 | 53.7% | 0.6% |
| GUILD MORTGAGE COMPANY | $320,000 | $535,000 | 67.2% | 0.5% |
| FIRST COMMUNITY MORTGAGE, INC. | $525,000 | n/a | 0.5% | |
| TOWNE MORTGAGE COMPANY | $520,000 | n/a | 0.5% | |
| International Bank of Commerce | $460,000 | $500,000 | 8.7% | 0.4% |
| MEMBER HOME LOAN, L.L.C. | $470,000 | n/a | 0.4% | |
| CMG MORTGAGE, INC. | $1,175,000 | $460,000 | -60.9% | 0.4% |
| NEWREZ LLC | $460,000 | n/a | 0.4% | |
| Strong Home Mortgage, LLC | $455,000 | n/a | 0.4% | |
| ROYAL UNITED MORTGAGE LLC | $260,000 | $450,000 | 73.1% | 0.4% |
| AMWEST FUNDING CORP. | $420,000 | n/a | 0.4% | |
| CORNERSTONE HOME LENDING, INC. | $520,000 | $390,000 | -25.0% | 0.3% |
| Farmers Bank & Trust | $375,000 | n/a | 0.3% | |
| Pecos County State Bank | $365,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL NETWORK, INC. | $355,000 | n/a | 0.3% | |
| Discover Bank | $350,000 | n/a | 0.3% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $255,000 | $350,000 | 37.3% | 0.3% |
| BARTON CREEK LENDING GROUP, LLC | $335,000 | n/a | 0.3% | |
| Academy Bank | $325,000 | n/a | 0.3% | |
| FREEDOM MORTGAGE CORPORATION | $410,000 | $295,000 | -28.0% | 0.3% |
| THRIVE MORTGAGE, LLC | $295,000 | n/a | 0.3% | |
| Bank of America | $290,000 | n/a | 0.3% | |
| CALCON MUTUAL MORTGAGE LLC | $285,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $340,000 | $285,000 | -16.2% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $275,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $270,000 | n/a | 0.2% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $255,000 | n/a | 0.2% | |
| Paramount Residential Mortgage Group, Inc. | $125,000 | $245,000 | 96.0% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $185,000 | $235,000 | 27.0% | 0.2% |
| Wallick & Volk, Inc. | $225,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $205,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $655,000 | $195,000 | -70.2% | 0.2% |
| Equity Prime Mortgage LLC | $175,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $800,000 | $165,000 | -79.4% | 0.1% |
| Town Square Mortgage & Investments, Inc. | $630,000 | $165,000 | -73.8% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,985,000 | $155,000 | -92.2% | 0.1% |
| CLEARPATH LENDING | $155,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $145,000 | n/a | 0.1% | |
| OCMBC, INC. | $145,000 | n/a | 0.1% | |
| Gateway First Bank | $1,115,000 | $125,000 | -88.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
| LOANDEPOT.COM, LLC | $400,000 | $85,000 | -78.8% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $135,000 | $85,000 | -37.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $430,000 | $75,000 | -82.6% | 0.1% |
| The First National Bank of Sonora | $75,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $410,000 | $65,000 | -84.1% | 0.1% |
| United Texas Credit Union | $55,000 | n/a | 0.0% |
Del Rio's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 17.9% market share. In second place, with 11.4%, is Flagstar Bank, FSB, having originated $13,060,000 in loans. In third place, with 10.4%, is The Bank & Trust, having originated $11,865,000 in loans. In fourth place, with 5.7%, is Mortgage Research Center, LLC, having originated $6,485,000 in loans. In fifth place, with 5.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $5,760,000 in loans.
Del Rio, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 445 | $99,755,000 | $224,169 |
| Cash Out Refi | 36 | $5,340,000 | $148,333 |
| Refi | 21 | $3,825,000 | $182,143 |
| Home Improvement | 18 | $3,210,000 | $178,333 |
| Other | 17 | $1,965,000 | $115,588 |
Del Rio's most frequently cited loan purpose was Home Purchase, with 445 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 182 | $41,420,000 | $227,582 |
| 5-6% | 121 | $30,265,000 | $250,124 |
| 7-8% | 90 | $19,480,000 | $216,444 |
| Over 8% | 35 | $4,455,000 | $127,286 |
| 4-5% | 8 | $1,750,000 | $218,750 |
| <2.5% | 2 | $10,000 | $5,000 |
| 3-4% | 1 | $235,000 | $235,000 |
| 2.5-3% | 1 | $315,000 | $315,000 |
During 2023, Del Rio's most frequently originated rate bucket was 6-7%, with 182 originations.
Loan Sizing (Del Rio, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 266 | $73,510,000 | $276,353 |
| $100k-200k | 154 | $23,650,000 | $153,571 |
| $100,000 or less | 97 | $4,595,000 | $47,371 |
| $400k-600k | 18 | $8,080,000 | $448,889 |
| $Over $1MM | 2 | $4,260,000 | $2,130,000 |
Del Rio's loan sizing saw the bucket of loans from $200k-400k with 266 originations, totaling $73,510,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 296 | $71,140,000 | $240,338 |
| 60-80% | 65 | $12,485,000 | $192,077 |
| Under 20% | 44 | $670,000 | $15,227 |
| Over 100% | 30 | $9,270,000 | $309,000 |
| 40-60% | 18 | $2,340,000 | $130,000 |
| 20-40% | 17 | $1,795,000 | $105,588 |
Del Rio's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 296 originations, totaling $71,140,000 in origination value.