Eagle Pass Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Eagle Pass averaged
7.15%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.89% and
one month ago for the week of 2023-08-10, the
average rate was 6.93%.
Eagle Pass's average rate one year ago was 5.96%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.08%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Eagle Pass 30 Year Fixed Rate | 2023-09-14 | 7.15% |
| Eagle Pass 30 Year Fixed Rate Refi | 2023-09-14 | 7.08% |
| Eagle Pass 15 Year Fixed Rate | 2023-09-14 | 6.31% |
| Eagle Pass 15 Year Fixed Rate Refi | 2023-09-14 | 6.91% |
| Eagle Pass 30 Year FHA | 2023-09-14 | 6.91% |
| Eagle Pass 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Eagle Pass 30 Year USDA | 2023-09-14 | 7.08% |
| Eagle Pass 30 Year USDA Refi | 2023-09-14 | 7.18% |
| Eagle Pass 30 Year VA | 2023-09-14 | 7.01% |
| Eagle Pass 30 Year VA Refi | 2023-09-14 | 6.81% |
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 38 lenders originated 547
loans during 2022. The total origination value was $95,305,000, with an average loan value of
$174,232.
Eagle Pass's average closing costs are $5,885.
The top Eagle Pass lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
36 loans originated. Their average total fees are
$8,155, which is $2,514
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Eagle Pass lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($5,640), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,155), .
The lowest rate Eagle Pass lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.06%), QUICKEN LOANS, LLC (6.03%), .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,645,000 | $34,910,000 | 857.8% | 36.6% |
| Gateway First Bank | $7,705,000 | $6,440,000 | -16.4% | 6.8% |
| Falcon International Bank | $4,740,000 | $5,180,000 | 9.3% | 5.4% |
| QUICKEN LOANS, LLC | $9,265,000 | $4,400,000 | -52.5% | 4.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,100,000 | n/a | 4.3% | |
| International Bank of Commerce | $605,000 | $3,025,000 | 400.0% | 3.2% |
| SECURITY SERVICE | $2,540,000 | $2,655,000 | 4.5% | 2.8% |
| Mortgage Research Center, LLC | $2,040,000 | $2,390,000 | 17.2% | 2.5% |
| CMG MORTGAGE, INC. | $255,000 | $2,385,000 | 835.3% | 2.5% |
| AMCAP MORTGAGE, LTD. | $2,540,000 | $2,105,000 | -17.1% | 2.2% |
| The Bank & Trust | $510,000 | $1,380,000 | 170.6% | 1.4% |
| THRIVE MORTGAGE, LLC | $915,000 | $1,370,000 | 49.7% | 1.4% |
| ACADEMY MORTGAGE CORPORATION | $90,000 | $1,255,000 | 1,294.4% | 1.3% |
| PNC Bank | $75,000 | $1,070,000 | 1,326.7% | 1.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $475,000 | $1,010,000 | 112.6% | 1.1% |
| Wells Fargo Bank | $2,115,000 | $990,000 | -53.2% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $1,515,000 | $975,000 | -35.6% | 1.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $910,000 | n/a | 1.0% | |
| CALIBER HOME LOANS, INC. | $1,795,000 | $870,000 | -51.5% | 0.9% |
| 21ST MORTGAGE CORPORATION | $835,000 | $850,000 | 1.8% | 0.9% |
| PANORAMA MORTGAGE GROUP, LLC | $225,000 | $700,000 | 211.1% | 0.7% |
| Vantage Bank Texas | $680,000 | n/a | 0.7% | |
| AMERICA'S CHOICE HOME LOANS LP | $3,360,000 | $655,000 | -80.5% | 0.7% |
| Texas Community Bank | $655,000 | n/a | 0.7% | |
| LOANDEPOT.COM, LLC | $820,000 | $645,000 | -21.3% | 0.7% |
| Lakeview Community Capital, LLC | $805,000 | $610,000 | -24.2% | 0.6% |
| Equity Prime Mortgage LLC | $590,000 | n/a | 0.6% | |
| FREEDOM MORTGAGE CORPORATION | $3,120,000 | $555,000 | -82.2% | 0.6% |
| RANDOLPH-BROOKS | $660,000 | $490,000 | -25.8% | 0.5% |
| Carrington Mortgage Services, LLC | $290,000 | $480,000 | 65.5% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $85,000 | $460,000 | 441.2% | 0.5% |
| MID AMERICA MORTGAGE, INC. | $440,000 | n/a | 0.5% | |
| PENTAGON FEDERAL CREDIT UNION | $440,000 | n/a | 0.5% | |
| EVERETT FINANCIAL, INC. | $420,000 | n/a | 0.4% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $390,000 | n/a | 0.4% | |
| Flagstar Bank, FSB | $390,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $290,000 | $385,000 | 32.8% | 0.4% |
| BROKER SOLUTIONS, INC. | $370,000 | n/a | 0.4% | |
| GENEVA FINANCIAL, LLC | $145,000 | $370,000 | 155.2% | 0.4% |
| MORTGAGE FINANCIAL SERVICES, LLC | $370,000 | n/a | 0.4% | |
| LOANPAL, LLC | $765,000 | $355,000 | -53.6% | 0.4% |
| STANDARD MORTGAGE CORPORATION | $355,000 | n/a | 0.4% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $475,000 | $350,000 | -26.3% | 0.4% |
| T2 FINANCIAL LLC | $335,000 | n/a | 0.4% | |
| NAVY FEDERAL CREDIT UNION | $1,030,000 | $305,000 | -70.4% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $485,000 | $285,000 | -41.2% | 0.3% |
| DELMAR FINANCIAL COMPANY | $265,000 | n/a | 0.3% | |
| SOUTHWEST FUNDING, LP | $565,000 | $265,000 | -53.1% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $260,000 | n/a | 0.3% | |
| NATIONS DIRECT MORTGAGE, LLC | $215,000 | $255,000 | 18.6% | 0.3% |
| GUARANTEED RATE, INC. | $245,000 | n/a | 0.3% | |
| MORIA DEVELOPMENT, INC. | $245,000 | n/a | 0.3% | |
| RB MORTGAGE LLC | $245,000 | n/a | 0.3% | |
| FINANCE OF AMERICA MORTGAGE LLC | $215,000 | n/a | 0.2% | |
| HOME POINT FINANCIAL CORPORATION | $285,000 | $215,000 | -24.6% | 0.2% |
| LOANPEOPLE, LLC | $215,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $710,000 | $210,000 | -70.4% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $110,000 | $210,000 | 90.9% | 0.2% |
| VAN DYK MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
| CIVIC FINANCIAL SERVICES, LLC | $195,000 | n/a | 0.2% | |
| HOMESIDE FINANCIAL, LLC | $185,000 | n/a | 0.2% | |
| RESIDENTIAL BANCORP. | $185,000 | n/a | 0.2% | |
| Citibank | $175,000 | n/a | 0.2% | |
| SFMC, LP | $935,000 | $165,000 | -82.4% | 0.2% |
| Home State Bank | $125,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $510,000 | $125,000 | -75.5% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $85,000 | $125,000 | 47.1% | 0.1% |
| Commerce Home Mortgage, Inc. | $105,000 | n/a | 0.1% | |
| CSL Financial, LLC | $105,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $820,000 | $105,000 | -87.2% | 0.1% |
| NEWREZ LLC | $95,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $190,000 | $85,000 | -55.3% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $195,000 | $75,000 | -61.5% | 0.1% |
| Discover Bank | $260,000 | $55,000 | -78.8% | 0.1% |
Eagle Pass's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 36.6% market share. In second place, with 6.8%, is Gateway First Bank, having originated $6,440,000 in loans. In third place, with 5.4%, is Falcon International Bank, having originated $5,180,000 in loans. In fourth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $4,400,000 in loans. In fifth place, with 4.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,100,000 in loans.
Eagle Pass, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 432 | $78,160,000 | $180,926 |
| Refi | 47 | $7,575,000 | $161,170 |
| Cash Out Refi | 43 | $6,235,000 | $145,000 |
| Other | 17 | $2,395,000 | $140,882 |
| Home Improvement | 8 | $940,000 | $117,500 |
Eagle Pass's most frequently cited loan purpose was Home Purchase, with 432 originations. The 2nd most popular reason was Refi, with 47 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 121 | $23,955,000 | $197,975 |
| 3-4% | 99 | $18,545,000 | $187,323 |
| 4-5% | 94 | $19,800,000 | $210,638 |
| 6-7% | 71 | $15,245,000 | $214,718 |
| <2.5% | 31 | $1,285,000 | $41,452 |
| 2.5-3% | 22 | $3,650,000 | $165,909 |
| 7-8% | 20 | $3,500,000 | $175,000 |
| Over 8% | 12 | $1,200,000 | $100,000 |
During 2022, Eagle Pass's most frequently originated rate bucket was 5-6%, with 121 originations.
Loan Sizing (Eagle Pass, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 218 | $55,640,000 | $255,229 |
| $100k-200k | 193 | $29,015,000 | $150,337 |
| $100,000 or less | 126 | $4,810,000 | $38,175 |
| $400k-600k | 7 | $3,045,000 | $435,000 |
| $600k-1000k | 2 | $1,490,000 | $745,000 |
| $Over $1MM | 1 | $1,305,000 | $1,305,000 |
Eagle Pass's loan sizing saw the bucket of loans from $200k-400k with 218 originations, totaling $55,640,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 305 | $65,325,000 | $214,180 |
| 60-80% | 77 | $13,415,000 | $174,221 |
| Under 20% | 69 | $445,000 | $6,449 |
| 40-60% | 34 | $4,110,000 | $120,882 |
| 20-40% | 17 | $1,515,000 | $89,118 |
| Over 100% | 7 | $1,835,000 | $262,143 |
Eagle Pass's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 305 originations, totaling $65,325,000 in origination value.