Eagle Pass Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Eagle Pass averaged
6.87%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.99% and
one month ago for the week of 2024-06-13, the
average rate was 7.15%.
Eagle Pass's average rate one year ago was 6.96%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.27%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Eagle Pass 30 Year Fixed Rate | 2024-07-18 | 6.87% |
| Eagle Pass 30 Year Fixed Rate Refi | 2024-07-18 | 7.27% |
| Eagle Pass 15 Year Fixed Rate | 2024-07-18 | 6.15% |
| Eagle Pass 15 Year Fixed Rate Refi | 2024-07-18 | 5.95% |
| Eagle Pass 30 Year FHA | 2024-07-18 | 6.18% |
| Eagle Pass 30 Year FHA Refi | 2024-07-18 | 6.49% |
| Eagle Pass 30 Year USDA | 2024-07-18 | 6.63% |
| Eagle Pass 30 Year USDA Refi | 2024-07-18 | 6.53% |
| Eagle Pass 30 Year VA | 2024-07-18 | 6.2% |
| Eagle Pass 30 Year VA Refi | 2024-07-18 | 6.3% |
Eagle Pass 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 Eagle Pass, 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.).
Eagle Pass Average Closing Costs & Other Stats
Eagle Pass, TX's 29 lenders originated 451
loans during 2023. The total origination value was $78,765,000, with an average loan value of
$174,645.
Eagle Pass's average closing costs are $6,459.
The top Eagle Pass lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
18 loans originated. Their average total fees are
$9,338, which is $2,984
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Eagle Pass lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($6,354), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,338), .
The lowest rate Eagle Pass lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.89%), QUICKEN LOANS, LLC (7.34%), .
Eagle Pass, 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 | $34,910,000 | $35,400,000 | 1.4% | 44.9% |
| CMG MORTGAGE, INC. | $2,385,000 | $5,050,000 | 111.7% | 6.4% |
| Gateway First Bank | $6,440,000 | $4,545,000 | -29.4% | 5.8% |
| QUICKEN LOANS, LLC | $4,400,000 | $2,835,000 | -35.6% | 3.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,100,000 | $2,380,000 | -42.0% | 3.0% |
| Falcon International Bank | $5,180,000 | $2,265,000 | -56.3% | 2.9% |
| SECURITY SERVICE | $2,655,000 | $2,030,000 | -23.5% | 2.6% |
| MORTGAGE FINANCIAL SERVICES, LLC | $370,000 | $1,270,000 | 243.2% | 1.6% |
| MOVEMENT MORTGAGE, LLC | $1,225,000 | n/a | 1.6% | |
| PNC Bank | $1,070,000 | $1,160,000 | 8.4% | 1.5% |
| AMCAP MORTGAGE, LTD. | $2,105,000 | $1,080,000 | -48.7% | 1.4% |
| LEADERONE FINANCIAL CORPORATION | $1,030,000 | n/a | 1.3% | |
| International Bank of Commerce | $3,025,000 | $1,020,000 | -66.3% | 1.3% |
| Mortgage Research Center, LLC | $2,390,000 | $990,000 | -58.6% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $975,000 | $985,000 | 1.0% | 1.3% |
| 21ST MORTGAGE CORPORATION | $850,000 | $970,000 | 14.1% | 1.2% |
| THRIVE MORTGAGE, LLC | $1,370,000 | $905,000 | -33.9% | 1.1% |
| Broadway National Bank | $785,000 | n/a | 1.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $390,000 | $745,000 | 91.0% | 0.9% |
| WILLOW BEND MORTGAGE COMPANY, LLC | $605,000 | n/a | 0.8% | |
| RANDOLPH-BROOKS | $490,000 | $500,000 | 2.0% | 0.6% |
| CARDINAL FINANCIAL | $210,000 | $435,000 | 107.1% | 0.6% |
| USAA Federal Savings Bank | $385,000 | $430,000 | 11.7% | 0.5% |
| ACADEMY MORTGAGE CORPORATION | $1,255,000 | $405,000 | -67.7% | 0.5% |
| SUMMIT FUNDING, INC. | $405,000 | n/a | 0.5% | |
| PENTAGON FEDERAL CREDIT UNION | $440,000 | $365,000 | -17.0% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $365,000 | n/a | 0.5% | |
| LENDSURE MORTGAGE CORP. | $360,000 | n/a | 0.5% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,010,000 | $355,000 | -64.9% | 0.5% |
| NATIONS DIRECT MORTGAGE, LLC | $255,000 | $350,000 | 37.3% | 0.4% |
| TOWNE MORTGAGE COMPANY | $305,000 | n/a | 0.4% | |
| GUARANTEED RATE, INC. | $245,000 | $295,000 | 20.4% | 0.4% |
| LOANPAL, LLC | $355,000 | $290,000 | -18.3% | 0.4% |
| Lone Star National Bank | $285,000 | n/a | 0.4% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $285,000 | n/a | 0.4% | |
| H E B | $270,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $265,000 | n/a | 0.3% | |
| Town Square Mortgage & Investments, Inc. | $265,000 | n/a | 0.3% | |
| PLAZA HOME MORTGAGE, INC. | $255,000 | n/a | 0.3% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $240,000 | n/a | 0.3% | |
| ARC HOME LLC | $235,000 | n/a | 0.3% | |
| First Option Mortgage, LLC | $235,000 | n/a | 0.3% | |
| LOANDEPOT.COM, LLC | $645,000 | $230,000 | -64.3% | 0.3% |
| AMWEST FUNDING CORP. | $215,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $370,000 | $215,000 | -41.9% | 0.3% |
| ZILLOW HOME LOANS, LLC | $215,000 | n/a | 0.3% | |
| ROYAL UNITED MORTGAGE LLC | $125,000 | $195,000 | 56.0% | 0.2% |
| Equity Prime Mortgage LLC | $590,000 | $185,000 | -68.6% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $305,000 | $185,000 | -39.3% | 0.2% |
| DAS Acquisition Company, LLC | $175,000 | n/a | 0.2% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $910,000 | $165,000 | -81.9% | 0.2% |
| First United Bank and Trust Company | $165,000 | n/a | 0.2% | |
| FREEDOM MORTGAGE CORPORATION | $555,000 | $165,000 | -70.3% | 0.2% |
| The Bank & Trust | $1,380,000 | $165,000 | -88.0% | 0.2% |
| Wells Fargo Bank | $990,000 | $150,000 | -84.8% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $210,000 | $145,000 | -31.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $135,000 | n/a | 0.2% | |
| PILGRIM MORTGAGE LLC | $135,000 | n/a | 0.2% | |
| River City Federal Credit Union | $135,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $480,000 | $125,000 | -74.0% | 0.2% |
| OCMBC, INC. | $125,000 | n/a | 0.2% | |
| Discover Bank | $55,000 | $120,000 | 118.2% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $285,000 | $115,000 | -59.6% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $440,000 | $115,000 | -73.9% | 0.1% |
| UNIVERSITY Federal Credit Union | $115,000 | n/a | 0.1% | |
| FIRSTMARK | $65,000 | n/a | 0.1% | |
| Bank of America | $55,000 | n/a | 0.1% | |
| American Airlines Federal Credit Union | $25,000 | n/a | 0.0% | |
| Texas Community Bank | $655,000 | $5,000 | -99.2% | 0.0% |
Eagle Pass's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 44.9% market share. In second place, with 6.4%, is CMG MORTGAGE, INC., having originated $5,050,000 in loans. In third place, with 5.8%, is Gateway First Bank, having originated $4,545,000 in loans. In fourth place, with 3.6%, is QUICKEN LOANS, LLC, having originated $2,835,000 in loans. In fifth place, with 3.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $2,380,000 in loans.
Eagle Pass, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 378 | $69,030,000 | $182,619 |
| Cash Out Refi | 31 | $3,905,000 | $125,968 |
| Other | 18 | $2,060,000 | $114,444 |
| Refi | 17 | $3,135,000 | $184,412 |
| Home Improvement | 7 | $635,000 | $90,714 |
Eagle Pass's most frequently cited loan purpose was Home Purchase, with 378 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 125 | $27,225,000 | $217,800 |
| 5-6% | 106 | $23,400,000 | $220,755 |
| 7-8% | 86 | $18,510,000 | $215,233 |
| Over 8% | 41 | $5,105,000 | $124,512 |
| <2.5% | 8 | $50,000 | $6,250 |
| 4-5% | 5 | $905,000 | $181,000 |
During 2023, Eagle Pass's most frequently originated rate bucket was 6-7%, with 125 originations.
Loan Sizing (Eagle Pass, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 206 | $52,820,000 | $256,408 |
| $100k-200k | 120 | $19,040,000 | $158,667 |
| $100,000 or less | 118 | $3,410,000 | $28,898 |
| $400k-600k | 6 | $2,710,000 | $451,667 |
| $600k-1000k | 1 | $785,000 | $785,000 |
Eagle Pass's loan sizing saw the bucket of loans from $200k-400k with 206 originations, totaling $52,820,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 274 | $62,810,000 | $229,234 |
| Under 20% | 80 | $770,000 | $9,625 |
| 60-80% | 41 | $6,805,000 | $165,976 |
| 40-60% | 19 | $2,315,000 | $121,842 |
| 20-40% | 14 | $1,070,000 | $76,429 |
| Over 100% | 5 | $1,535,000 | $307,000 |
Eagle Pass's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 274 originations, totaling $62,810,000 in origination value.