Eagle Pass Mortgage Rates & Closing Costs

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Eagle Pass, TX.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 36 5.06% $8,155
QUICKEN LOANS, LLC 16 6.03% $5,640
UNITED WHOLESALE MORTGAGE, LLC 6 5.69% $8,483
Wells Fargo Bank 5 5.58% $5,116
Gateway First Bank 4 4.66% $2,515
PNC Bank 3 5.46% $4,927
International Bank of Commerce 3 5.17% $4,900
SECURITY SERVICE 3 5.21% $4,632
THRIVE MORTGAGE, LLC 3 4.75% $9,613
Mr. Cooper ( Nationstar Mortgage ) 2 4.75% $8,719
MID AMERICA MORTGAGE, INC. 2 4.50% $7,801
AMERICAN PACIFIC MORTGAGE CORPORATION 2 4.25% $7,270
GENEVA FINANCIAL, LLC 1 4.88% $4,939
HOMESIDE FINANCIAL, LLC 1 2.88% $6,747
Lakeview Community Capital, LLC 1 3.63% $3,326
21ST MORTGAGE CORPORATION 1 7.65% $5,066
MORIA DEVELOPMENT, INC. 1 3.50% $6,624
MORTGAGE FINANCIAL SERVICES, LLC 1 4.00% $1,000
Mortgage Research Center, LLC 1 5.88% $2,734
Paramount Residential Mortgage Group, Inc. 1 4.00% $4,319
PENNYMAC LOAN SERVICES, LLC 1 5.37% $6,713
PENTAGON FEDERAL CREDIT UNION 1 5.50% $4,496
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.50% $6,350
RANDOLPH-BROOKS 1 7.25% $2,559
ROYAL UNITED MORTGAGE LLC 1 4.13% $6,922
SOUTHWEST FUNDING, LP 1 6.50% $7,664
LOANDEPOT.COM, LLC 1 5.25% $5,199
AMCAP MORTGAGE, LTD. 1 5.88% $7,219
AMERICA'S CHOICE HOME LOANS LP 1 4.00% $9,007
BROKER SOLUTIONS, INC. 1 5.38% $9,658
CALIBER HOME LOANS, INC. 1 4.25% $4,555
CARDINAL FINANCIAL 1 2.88% $6,333
Carrington Mortgage Services, LLC 1 5.38% $4,418
Citibank 1 3.88% $7,831
CMG MORTGAGE, INC. 1 3.75% $6,352
CROSSCOUNTRY MORTGAGE, LLC 1 4.50% $3,833
DELMAR FINANCIAL COMPANY 1 3.38% $6,938
EVERETT FINANCIAL, INC. 1 7.63% $2,594

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.