Del Rio Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Del Rio averaged
6.92%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
7% and
one month ago for the week of 2023-02-16, the
average rate was 6.92%.
Del Rio's average rate one year ago was 3.7%.
For refis of the same type during the week of 2023-03-23, the average rate
was 6.93%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
Del Rio 30 Year Fixed Rate | 2023-03-23 | 6.92% |
Del Rio 30 Year Fixed Rate Refi | 2023-03-23 | 6.93% |
Del Rio 15 Year Fixed Rate | 2023-03-23 | 6.07% |
Del Rio 15 Year Fixed Rate Refi | 2023-03-23 | 5.9% |
Del Rio 30 Year FHA | 2023-03-23 | 6.34% |
Del Rio 30 Year FHA Refi | 2023-03-23 | 6.32% |
Del Rio 30 Year USDA | 2023-03-23 | 6.37% |
Del Rio 30 Year VA | 2023-03-23 | 6.18% |
Del Rio 30 Year VA Refi | 2023-03-23 | 5.7% |
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 63 lenders originated 715
loans during 2022. The total origination value was $152,175,000, with an average loan value of
$212,832.
Del Rio's average closing costs are $6,480.
The top Del Rio lender as defined by loan originations is Flagstar Bank, FSB, with
40 loans originated. Their average total fees are
$7,136, which is $72
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Del Rio lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($7,063), Flagstar Bank, FSB ($7,136), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,225), SFMC, LP ($7,353) and .
The lowest rate Del Rio lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.83%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.89%), Flagstar Bank, FSB (4.96%), SFMC, LP (5.57%) and .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Flagstar Bank, FSB | $24,430,000 | $22,345,000 | -8.5% | 14.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,225,000 | $18,510,000 | 1,411.0% | 12.2% |
QUICKEN LOANS, LLC | $19,800,000 | $10,350,000 | -47.7% | 6.8% |
The Bank & Trust | $12,520,000 | $10,060,000 | -19.6% | 6.6% |
Mortgage Research Center, LLC | $18,705,000 | $9,455,000 | -49.5% | 6.2% |
BOKF | $275,000 | $8,720,000 | 3,070.9% | 5.7% |
SFMC, LP | $6,900,000 | $7,920,000 | 14.8% | 5.2% |
USAA Federal Savings Bank | $5,570,000 | $5,815,000 | 4.4% | 3.8% |
Texas Community Bank | $7,400,000 | $4,005,000 | -45.9% | 2.6% |
NBKC BANK | $1,620,000 | $3,455,000 | 113.3% | 2.3% |
NAVY FEDERAL CREDIT UNION | $3,575,000 | $3,135,000 | -12.3% | 2.1% |
SECURITY SERVICE | $1,330,000 | $2,880,000 | 116.5% | 1.9% |
UNITED WHOLESALE MORTGAGE, LLC | $1,155,000 | $2,710,000 | 134.6% | 1.8% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,110,000 | n/a | 1.4% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $825,000 | $1,985,000 | 140.6% | 1.3% |
Wells Fargo Bank | $1,895,000 | $1,790,000 | -5.5% | 1.2% |
PENNYMAC LOAN SERVICES, LLC | $3,990,000 | $1,745,000 | -56.3% | 1.1% |
BNC National Bank | $1,355,000 | n/a | 0.9% | |
PNC Bank | $1,350,000 | n/a | 0.9% | |
CMG MORTGAGE, INC. | $1,315,000 | $1,175,000 | -10.6% | 0.8% |
GUARANTEED RATE AFFINITY, LLC | $1,125,000 | n/a | 0.7% | |
Gateway First Bank | $610,000 | $1,115,000 | 82.8% | 0.7% |
Mr. Cooper ( Nationstar Mortgage ) | $1,300,000 | $1,020,000 | -21.5% | 0.7% |
MID AMERICA MORTGAGE, INC. | $7,575,000 | $1,005,000 | -86.7% | 0.7% |
HOME POINT FINANCIAL CORPORATION | $300,000 | $960,000 | 220.0% | 0.6% |
Falcon International Bank | $1,375,000 | $955,000 | -30.5% | 0.6% |
CALIBER HOME LOANS, INC. | $1,880,000 | $915,000 | -51.3% | 0.6% |
RANDOLPH-BROOKS | $515,000 | $910,000 | 76.7% | 0.6% |
Armed Forces Bank | $115,000 | $905,000 | 687.0% | 0.6% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $530,000 | $800,000 | 50.9% | 0.5% |
AMERICAN FINANCING CORPORATION | $715,000 | n/a | 0.5% | |
AMERISAVE MORTGAGE CORPORATION | $915,000 | $655,000 | -28.4% | 0.4% |
PILGRIM MORTGAGE LLC | $445,000 | $645,000 | 44.9% | 0.4% |
Town Square Mortgage & Investments, Inc. | $18,575,000 | $630,000 | -96.6% | 0.4% |
SOUTHWEST FUNDING, LP | $380,000 | $615,000 | 61.8% | 0.4% |
Sunflower Bank | $585,000 | n/a | 0.4% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,010,000 | $570,000 | -81.1% | 0.4% |
LOANPAL, LLC | $290,000 | $530,000 | 82.8% | 0.3% |
CORNERSTONE HOME LENDING, INC. | $275,000 | $520,000 | 89.1% | 0.3% |
21ST MORTGAGE CORPORATION | $1,630,000 | $505,000 | -69.0% | 0.3% |
International Bank of Commerce | $95,000 | $460,000 | 384.2% | 0.3% |
JPMorgan Chase Bank | $480,000 | $445,000 | -7.3% | 0.3% |
LEGACY MORTGAGE LLC | $440,000 | n/a | 0.3% | |
PENTAGON FEDERAL CREDIT UNION | $1,390,000 | $430,000 | -69.1% | 0.3% |
SUMMIT FUNDING, INC. | $430,000 | n/a | 0.3% | |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $425,000 | n/a | 0.3% | |
JMAC LENDING, INC. | $415,000 | n/a | 0.3% | |
FREEDOM MORTGAGE CORPORATION | $7,020,000 | $410,000 | -94.2% | 0.3% |
PLANET HOME LENDING, LLC | $795,000 | $410,000 | -48.4% | 0.3% |
TRIAD FINANCIAL SERVICES, INC. | $410,000 | n/a | 0.3% | |
BETTER MORTGAGE CORPORATION | $705,000 | $405,000 | -42.6% | 0.3% |
LOANDEPOT.COM, LLC | $2,800,000 | $400,000 | -85.7% | 0.3% |
CREDIT HUMAN FEDERAL CREDIT UNION | $135,000 | $345,000 | 155.6% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $800,000 | $340,000 | -57.5% | 0.2% |
GUARANTEED RATE, INC. | $775,000 | $335,000 | -56.8% | 0.2% |
NATIONS DIRECT MORTGAGE, LLC | $95,000 | $335,000 | 252.6% | 0.2% |
Colonial Savings, F.A. | $325,000 | n/a | 0.2% | |
NTFN, INC. | $325,000 | n/a | 0.2% | |
GUILD MORTGAGE COMPANY | $1,020,000 | $320,000 | -68.6% | 0.2% |
EVERETT FINANCIAL, INC. | $315,000 | n/a | 0.2% | |
Low VA Rates, LLC | $785,000 | $305,000 | -61.1% | 0.2% |
Mid-Continent Funding, Inc. | $335,000 | $295,000 | -11.9% | 0.2% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $295,000 | n/a | 0.2% | |
CLM MORTGAGE, INC | $285,000 | n/a | 0.2% | |
Plains Commerce Bank | $285,000 | n/a | 0.2% | |
EMM LOANS LLC | $275,000 | n/a | 0.2% | |
NP, Inc. | $275,000 | n/a | 0.2% | |
Bank of England | $265,000 | n/a | 0.2% | |
Complex Community Federal Credit Union | $265,000 | n/a | 0.2% | |
GENEVA FINANCIAL, LLC | $265,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $255,000 | $260,000 | 2.0% | 0.2% |
MORTGAGE FINANCIAL SERVICES, LLC | $335,000 | $255,000 | -23.9% | 0.2% |
Northpointe Bank | $235,000 | $245,000 | 4.3% | 0.2% |
PLAZA HOME MORTGAGE, INC. | $245,000 | n/a | 0.2% | |
HOMEXPRESS MORTGAGE CORP. | $235,000 | n/a | 0.2% | |
ACADEMY MORTGAGE CORPORATION | $1,040,000 | $220,000 | -78.8% | 0.1% |
AMERICAN FEDERAL MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
Ally Bank | $205,000 | n/a | 0.1% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $185,000 | n/a | 0.1% | |
BROKER SOLUTIONS, INC. | $370,000 | $185,000 | -50.0% | 0.1% |
RESIDENTIAL BANCORP. | $185,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $175,000 | n/a | 0.1% | |
AmeriHome Mortgage Company, LLC | $735,000 | $165,000 | -77.6% | 0.1% |
First United Bank and Trust Company | $165,000 | n/a | 0.1% | |
Loan Simple, Inc. | $165,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $125,000 | $155,000 | 24.0% | 0.1% |
Hometown Equity Mortgage, LLC | $155,000 | n/a | 0.1% | |
Amerifirst Financial, Inc. | $145,000 | n/a | 0.1% | |
HANCOCK MORTGAGE PARTNERS, LLC | $145,000 | n/a | 0.1% | |
Lakeview Community Capital, LLC | $1,305,000 | $135,000 | -89.7% | 0.1% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $195,000 | $135,000 | -30.8% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $125,000 | n/a | 0.1% | |
DIRECTIONS EQUITY, LLC | $430,000 | $115,000 | -73.3% | 0.1% |
V.I.P. MORTGAGE, INC. | $480,000 | $115,000 | -76.0% | 0.1% |
S1L, Inc. | $105,000 | n/a | 0.1% | |
ANGEL OAK HOME LOANS LLC | $85,000 | n/a | 0.1% | |
ASPIRE FINANCIAL, INC. | $125,000 | $75,000 | -40.0% | 0.0% |
Truist | $135,000 | $75,000 | -44.4% | 0.0% |
EVANSVILLE TEACHERS | $65,000 | n/a | 0.0% | |
DAS Acquisition Company, LLC | $55,000 | n/a | 0.0% | |
Republic State Mortgage Co. | $55,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $45,000 | $35,000 | -22.2% | 0.0% |
Del Rio's top lender by overall market share is Flagstar Bank, FSB, with 14.7% market share. In second place, with 12.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $18,510,000 in loans. In third place, with 6.8%, is QUICKEN LOANS, LLC, having originated $10,350,000 in loans. In fourth place, with 6.6%, is The Bank & Trust, having originated $10,060,000 in loans. In fifth place, with 6.2%, is Mortgage Research Center, LLC, having originated $9,455,000 in loans.
Del Rio Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Del Rio (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $171,350 (-1.1%) | $210,752 (-0.3%) | 0.00 | 186 |
2018-02-01 | $174,450 (-1.5%) | $206,790 (-5.8%) | 0.00 | 197 |
2018-03-01 | $179,500 (2.6%) | $209,324 (-4.4%) | 0.00 | 183 |
2018-04-01 | $184,950 (-0.5%) | $212,385 (-5.0%) | 0.00 | 182 |
2018-05-01 | $184,925 (8.8%) | $214,813 (0.6%) | 0.00 | 187 |
2018-06-01 | $189,000 (10.8%) | $219,635 (4.8%) | 0.00 | 176 |
2018-07-01 | $189,125 (11.9%) | $221,770 (6.5%) | 0.00 | 169 |
2018-08-01 | $194,975 (14.7%) | $223,783 (8.6%) | 0.00 | 178 |
2018-09-01 | $193,500 (17.3%) | $230,369 (12.4%) | 0.00 | 174 |
2018-10-01 | $186,150 (12.3%) | $212,872 (4.3%) | 0.00 | 174 |
2018-11-01 | $184,950 (13.3%) | $210,076 (4.4%) | 0.00 | 159 |
2018-12-01 | $185,000 (5.7%) | $212,440 (1.4%) | 0.00 | 150 |
2019-01-01 | $184,950 (7.9%) | $210,715 (0.0%) | 0.00 | 149 |
2019-02-01 | $183,425 (5.1%) | $206,790 (0.0%) | 0.00 | 151 |
2019-03-01 | $183,743 (2.4%) | $209,710 (0.2%) | 0.00 | 147 |
2019-04-01 | $185,225 (0.2%) | $213,670 (0.6%) | 0.00 | 150 |
2019-05-01 | $191,400 (3.5%) | $214,007 (-0.4%) | 0.00 | 148 |
2019-06-01 | $200,000 (5.8%) | $220,289 (0.3%) | 0.00 | 137 |
2019-07-01 | $190,600 (0.8%) | $223,256 (0.7%) | 0.00 | 120 |
2019-08-01 | $184,509 (-5.4%) | $220,047 (-1.7%) | 0.00 | 122 |
2019-09-01 | $176,348 (-8.9%) | $214,520 (-6.9%) | 0.00 | 130 |
2019-10-01 | $173,407 (-6.9%) | $210,836 (-1.0%) | 0.00 | 136 |
2019-11-01 | $179,000 (-3.2%) | $207,292 (-1.3%) | 0.00 | 138 |
2019-12-01 | $175,000 (-5.4%) | $206,354 (-2.9%) | 0.00 | 152 |
2020-01-01 | $162,500 (-12.1%) | $199,371 (-5.4%) | 0.00 | 150 |
2020-02-01 | $178,000 (-3.0%) | $205,065 (-0.8%) | 0.00 | 154 |
2020-03-01 | $187,025 (1.8%) | $214,010 (2.1%) | 0.00 | 150 |
2020-04-01 | $191,575 (3.4%) | $219,711 (2.8%) | 0.00 | 145 |
2020-05-01 | $194,450 (1.6%) | $225,758 (5.5%) | 0.00 | 122 |
2020-06-01 | $193,500 (-3.3%) | $225,105 (2.2%) | 0.00 | 112 |
2020-07-01 | $224,975 (18.0%) | $226,025 (1.2%) | 0.00 | 104 |
2020-08-01 | $174,250 (-5.6%) | $214,662 (-2.5%) | 0.00 | 96 |
2020-09-01 | $188,750 (7.0%) | $216,176 (0.8%) | 0.00 | 97 |
2020-10-01 | $192,500 (11.0%) | $220,466 (4.6%) | 0.00 | 83 |
2020-11-01 | $175,250 (-2.1%) | $215,809 (4.1%) | 0.00 | 84 |
2020-12-01 | $193,500 (10.6%) | $230,589 (11.7%) | 0.00 | 94 |
2021-01-01 | $179,900 (10.7%) | $229,569 (15.2%) | 0.00 | 88 |
2021-02-01 | $179,900 (1.1%) | $239,003 (16.6%) | 0.00 | 82 |
2021-03-01 | $183,725 (-1.8%) | $242,821 (13.5%) | 0.00 | 85 |
2021-04-01 | $182,475 (-4.8%) | $244,061 (11.1%) | 0.00 | 67 |
2021-05-01 | $179,900 (-7.5%) | $241,523 (7.0%) | 0.00 | 63 |
2021-06-01 | $178,675 (-7.7%) | $248,719 (10.5%) | 0.00 | 62 |
2021-07-01 | $194,500 (-13.6%) | $246,817 (9.2%) | 0.00 | 68 |
2021-08-01 | $195,100 (12.0%) | $247,704 (15.4%) | 0.00 | 78 |
2021-09-01 | $196,200 (4.0%) | $252,776 (16.9%) | 0.00 | 82 |
2021-10-01 | $195,900 (1.8%) | $250,650 (13.7%) | 0.00 | 98 |
2021-11-01 | $201,750 (15.1%) | $246,619 (14.3%) | 0.00 | 113 |
2021-12-01 | $215,000 (11.1%) | $237,658 (3.1%) | 0.00 | 119 |
2022-01-01 | $219,700 (22.1%) | $242,652 (5.7%) | 0.00 | 96 |
2022-02-01 | $225,000 (25.1%) | $259,087 (8.4%) | 0.00 | 105 |
2022-03-01 | $225,000 (22.5%) | $265,535 (9.4%) | 0.00 | 103 |
2022-04-01 | $240,000 (31.5%) | $295,436 (21.1%) | 0.00 | 106 |
2022-05-01 | $249,900 (38.9%) | $297,450 (23.2%) | 0.00 | 109 |
2022-06-01 | $284,750 (59.4%) | $313,254 (26.0%) | 0.00 | 106 |
2022-07-01 | $299,000 (53.7%) | $339,059 (37.4%) | 0.00 | 129 |
2022-08-01 | $299,225 (53.4%) | $329,507 (33.0%) | 0.00 | 138 |
2022-09-01 | $293,875 (49.8%) | $321,586 (27.2%) | 0.00 | 138 |
2022-10-01 | $265,500 (35.5%) | $317,073 (26.5%) | 0.00 | 138 |
2022-11-01 | $266,055 (31.9%) | $329,935 (33.8%) | 0.00 | 146 |
2022-12-01 | $271,500 (26.3%) | $333,378 (40.3%) | 0.00 | 141 |
2023-01-01 | $262,680 (19.6%) | $330,193 (36.1%) | 0.00 | 134 |
2023-02-01 | $259,397 (15.3%) | $321,729 (24.2%) | 0.00 | 144 |
Del Rio's median listing price comes in at 0% of the national average.
Del Rio's average listing price for 2023-02-01 was $321,729, a difference of $62,642 (24.2%) versus the prior year and $-8,464 versus the prior month.
For the 2023-02-01 period, Del Rio had 144 MLS listings, a difference of 10 listings (7%) versus the prior month and 39 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Del Rio (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,979 sqft |
2018-02-01 | 0 days | 1,909 sqft |
2018-03-01 | 0 days | 2,000 sqft |
2018-04-01 | 0 days | 1,983 sqft |
2018-05-01 | 0 days | 1,989 sqft |
2018-06-01 | 0 days | 2,018 sqft |
2018-07-01 | 0 days | 2,037 sqft |
2018-08-01 | 0 days | 2,046 sqft |
2018-09-01 | 0 days | 2,040 sqft |
2018-10-01 | 0 days | 2,017 sqft |
2018-11-01 | 0 days | 1,996 sqft |
2018-12-01 | 0 days | 2,001 sqft |
2019-01-01 | 0 days | 1,997 sqft |
2019-02-01 | 0 days | 1,948 sqft |
2019-03-01 | 0 days | 1,978 sqft |
2019-04-01 | 0 days | 2,007 sqft |
2019-05-01 | 0 days | 2,032 sqft |
2019-06-01 | 0 days | 2,046 sqft |
2019-07-01 | 0 days | 2,054 sqft |
2019-08-01 | 0 days | 1,998 sqft |
2019-09-01 | 0 days | 1,915 sqft |
2019-10-01 | 0 days | 1,859 sqft |
2019-11-01 | 0 days | 1,913 sqft |
2019-12-01 | 0 days | 1,856 sqft |
2020-01-01 | 0 days | 1,837 sqft |
2020-02-01 | 0 days | 1,894 sqft |
2020-03-01 | 0 days | 1,935 sqft |
2020-04-01 | 0 days | 1,976 sqft |
2020-05-01 | 0 days | 1,974 sqft |
2020-06-01 | 0 days | 1,978 sqft |
2020-07-01 | 0 days | 2,007 sqft |
2020-08-01 | 0 days | 1,943 sqft |
2020-09-01 | 0 days | 1,880 sqft |
2020-10-01 | 0 days | 1,858 sqft |
2020-11-01 | 0 days | 1,845 sqft |
2020-12-01 | 0 days | 1,908 sqft |
2021-01-01 | 0 days | 1,868 sqft |
2021-02-01 | 0 days | 1,905 sqft |
2021-03-01 | 0 days | 1,808 sqft |
2021-04-01 | 0 days | 1,817 sqft |
2021-05-01 | 0 days | 1,769 sqft |
2021-06-01 | 0 days | 1,793 sqft |
2021-07-01 | 0 days | 1,833 sqft |
2021-08-01 | 0 days | 1,874 sqft |
2021-09-01 | 0 days | 1,931 sqft |
2021-10-01 | 0 days | 1,800 sqft |
2021-11-01 | 0 days | 1,774 sqft |
2021-12-01 | 0 days | 1,741 sqft |
2022-01-01 | 0 days | 1,728 sqft |
2022-02-01 | 0 days | 1,769 sqft |
2022-03-01 | 0 days | 1,911 sqft |
2022-04-01 | 0 days | 2,005 sqft |
2022-05-01 | 0 days | 2,025 sqft |
2022-06-01 | 0 days | 2,190 sqft |
2022-07-01 | 0 days | 2,190 sqft |
2022-08-01 | 0 days | 2,125 sqft |
2022-09-01 | 0 days | 2,074 sqft |
2022-10-01 | 0 days | 2,001 sqft |
2022-11-01 | 0 days | 2,011 sqft |
2022-12-01 | 0 days | 2,026 sqft |
2023-01-01 | 0 days | 1,971 sqft |
2023-02-01 | 0 days | 1,984 sqft |
Del Rio's median square footage for active listings during the 2023-02-01 period was 1,984 sqft. One year prior, the average listing was 1,769 sqft.
Del Rio, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 537 | $122,225,000 | $227,607 |
Cash Out Refi | 78 | $14,220,000 | $182,308 |
Refi | 72 | $12,550,000 | $174,306 |
Other | 17 | $2,045,000 | $120,294 |
Home Improvement | 11 | $1,135,000 | $103,182 |
Del Rio's most frequently cited loan purpose was Home Purchase, with 537 originations. The 2nd most popular reason was Cash Out Refi, with 78 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 160 | $46,300,000 | $289,375 |
5-6% | 157 | $32,375,000 | $206,210 |
3-4% | 139 | $28,645,000 | $206,079 |
6-7% | 74 | $16,010,000 | $216,351 |
2.5-3% | 34 | $7,920,000 | $232,941 |
<2.5% | 26 | $3,080,000 | $118,462 |
7-8% | 10 | $1,410,000 | $141,000 |
Over 8% | 7 | $755,000 | $107,857 |
During 2022, Del Rio's most frequently originated rate bucket was 4-5%, with 160 originations.
Loan Sizing (Del Rio, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 285 | $78,195,000 | $274,368 |
$100k-200k | 270 | $42,090,000 | $155,889 |
$100,000 or less | 122 | $6,430,000 | $52,705 |
$400k-600k | 35 | $15,555,000 | $444,429 |
$600k-1000k | 2 | $1,370,000 | $685,000 |
$Over $1MM | 1 | $8,535,000 | $8,535,000 |
Del Rio's loan sizing saw the bucket of loans from $200k-400k with 285 originations, totaling $78,195,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 377 | $85,285,000 | $226,220 |
60-80% | 111 | $29,095,000 | $262,117 |
Over 100% | 47 | $14,375,000 | $305,851 |
Under 20% | 41 | $395,000 | $9,634 |
40-60% | 37 | $5,195,000 | $140,405 |
20-40% | 22 | $1,950,000 | $88,636 |
Del Rio's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 377 originations, totaling $85,285,000 in origination value.