El Campo Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in El Campo averaged
6.93%
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
6.95% and
one month ago for the week of 2024-06-13, the
average rate was 7.21%.
El Campo's average rate one year ago was 6.92%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.67%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| El Campo 30 Year Fixed Rate | 2024-07-18 | 6.93% |
| El Campo 30 Year Fixed Rate Refi | 2024-07-18 | 6.67% |
| El Campo 15 Year Fixed Rate | 2024-07-18 | 6.05% |
| El Campo 15 Year Fixed Rate Refi | 2024-07-18 | 6.05% |
| El Campo 30 Year FHA | 2024-07-18 | 6.37% |
| El Campo 30 Year FHA Refi | 2024-07-18 | 6.89% |
| El Campo 30 Year USDA | 2024-07-18 | 6.73% |
| El Campo 30 Year USDA Refi | 2024-07-18 | 6.43% |
| El Campo 30 Year VA | 2024-07-18 | 6.3% |
| El Campo 30 Year VA Refi | 2024-07-18 | 6.5% |
El Campo 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 El Campo, 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.).
El Campo Average Closing Costs & Other Stats
El Campo, TX's 49 lenders originated 360
loans during 2023. The total origination value was $76,770,000, with an average loan value of
$213,250.
El Campo's average closing costs are $6,160.
The top El Campo lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
14 loans originated. Their average total fees are
$8,058, which is $1,444
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee El Campo lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($6,614), UNITED WHOLESALE MORTGAGE, LLC ($8,058), .
The lowest rate El Campo lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.88%), UNITED WHOLESALE MORTGAGE, LLC (7.11%), .
El Campo, 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 |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $3,455,000 | $6,585,000 | 90.6% | 8.6% |
| QUICKEN LOANS, LLC | $6,925,000 | $5,415,000 | -21.8% | 7.1% |
| FIRST STATE BANK | $4,535,000 | n/a | 5.9% | |
| Prosperity Bank | $6,505,000 | $4,395,000 | -32.4% | 5.7% |
| Gateway First Bank | $5,200,000 | $3,670,000 | -29.4% | 4.8% |
| First Financial Bank | $1,640,000 | $2,745,000 | 67.4% | 3.6% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $4,395,000 | $2,715,000 | -38.2% | 3.5% |
| Flagstar Bank, FSB | $4,495,000 | $2,235,000 | -50.3% | 2.9% |
| CMG MORTGAGE, INC. | $780,000 | $2,170,000 | 178.2% | 2.8% |
| TEXAS DOW EMPLOYEES CREDIT UNION | $5,890,000 | $1,845,000 | -68.7% | 2.4% |
| 21ST MORTGAGE CORPORATION | $3,005,000 | $1,760,000 | -41.4% | 2.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,285,000 | $1,645,000 | -28.0% | 2.1% |
| AMCAP MORTGAGE, LTD. | $4,865,000 | $1,610,000 | -66.9% | 2.1% |
| Citizens State Bank | $1,565,000 | $1,560,000 | -0.3% | 2.0% |
| Farm Credit Mid-America, ACA | $275,000 | $1,545,000 | 461.8% | 2.0% |
| GUILD MORTGAGE COMPANY | $160,000 | $1,420,000 | 787.5% | 1.8% |
| LOANDEPOT.COM, LLC | $1,865,000 | $1,320,000 | -29.2% | 1.7% |
| EVERETT FINANCIAL, INC. | $845,000 | $1,180,000 | 39.6% | 1.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $930,000 | $1,030,000 | 10.8% | 1.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,600,000 | $1,010,000 | -36.9% | 1.3% |
| Network Funding, L.P. | $875,000 | $980,000 | 12.0% | 1.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $890,000 | $805,000 | -9.6% | 1.0% |
| BRAZOS VALLEY SCHOOLS | $545,000 | $750,000 | 37.6% | 1.0% |
| RANDOLPH-BROOKS | $740,000 | n/a | 1.0% | |
| MID AMERICA MORTGAGE, INC. | $440,000 | $730,000 | 65.9% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $635,000 | $610,000 | -3.9% | 0.8% |
| S1L, Inc. | $980,000 | $610,000 | -37.8% | 0.8% |
| Carrington Mortgage Services, LLC | $330,000 | $575,000 | 74.2% | 0.7% |
| Frost Bank | $130,000 | $575,000 | 342.3% | 0.7% |
| NEWREZ LLC | $425,000 | $565,000 | 32.9% | 0.7% |
| Wells Fargo Bank | $1,500,000 | $555,000 | -63.0% | 0.7% |
| UNITED BUILT HOMES, L.L.C. | $295,000 | $550,000 | 86.4% | 0.7% |
| Zions Bank | $665,000 | $525,000 | -21.1% | 0.7% |
| JPMorgan Chase Bank | $525,000 | $470,000 | -10.5% | 0.6% |
| Texas Bank | $285,000 | $455,000 | 59.6% | 0.6% |
| American National Bank & Trust | $445,000 | n/a | 0.6% | |
| Crossroads Bank | $430,000 | n/a | 0.6% | |
| TEXAS BAY | $430,000 | n/a | 0.6% | |
| ENVOY MORTGAGE, LTD | $420,000 | n/a | 0.5% | |
| PLAZA HOME MORTGAGE, INC. | $185,000 | $415,000 | 124.3% | 0.5% |
| USAA Federal Savings Bank | $410,000 | n/a | 0.5% | |
| Equity Prime Mortgage LLC | $205,000 | $375,000 | 82.9% | 0.5% |
| CHURCHILL MORTGAGE CORPORATION | $135,000 | $370,000 | 174.1% | 0.5% |
| Newfirst National Bank | $370,000 | n/a | 0.5% | |
| Greenbox Loans, Inc. | $335,000 | $365,000 | 9.0% | 0.5% |
| HOMESTEAD FUNDING CORP. | $365,000 | n/a | 0.5% | |
| Mortgage Research Center, LLC | $1,175,000 | $360,000 | -69.4% | 0.5% |
| LOANPEOPLE, LLC | $355,000 | n/a | 0.5% | |
| Sierra Pacific Mortgage Company, Inc. | $355,000 | n/a | 0.5% | |
| Discover Bank | $155,000 | $340,000 | 119.4% | 0.4% |
| HOMEXPRESS MORTGAGE CORP. | $125,000 | $340,000 | 172.0% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $205,000 | $335,000 | 63.4% | 0.4% |
| Regions Bank | $335,000 | n/a | 0.4% | |
| First National Bank of America | $330,000 | n/a | 0.4% | |
| First National Bank | $325,000 | n/a | 0.4% | |
| Independent Bank | $680,000 | $325,000 | -52.2% | 0.4% |
| SUCCESS MORTGAGE PARTNERS, INC. | $300,000 | n/a | 0.4% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $25,000 | $295,000 | 1,080.0% | 0.4% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $425,000 | $295,000 | -30.6% | 0.4% |
| Magnolia Bank | $295,000 | n/a | 0.4% | |
| VAN DYK MORTGAGE CORPORATION | $135,000 | $295,000 | 118.5% | 0.4% |
| CARDINAL FINANCIAL | $440,000 | $285,000 | -35.2% | 0.4% |
| LEGEND LENDING CORPORATION | $155,000 | $285,000 | 83.9% | 0.4% |
| T2 FINANCIAL LLC | $1,230,000 | $265,000 | -78.5% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $140,000 | $260,000 | 85.7% | 0.3% |
| SOUTHWEST STAGE FUNDING, LLC | $255,000 | n/a | 0.3% | |
| SWBC MORTGAGE CORPORATION | $245,000 | n/a | 0.3% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,075,000 | $240,000 | -77.7% | 0.3% |
| GUARANTEED RATE, INC. | $480,000 | $235,000 | -51.0% | 0.3% |
| NATIONS RELIABLE LENDING, LLC | $1,290,000 | $235,000 | -81.8% | 0.3% |
| Operating Engineers Local Union #3 | $235,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $225,000 | n/a | 0.3% | |
| COUNTRYPLACE MORTGAGE, LTD. | $385,000 | $220,000 | -42.9% | 0.3% |
| CALCON MUTUAL MORTGAGE LLC | $205,000 | n/a | 0.3% | |
| THRIVE MORTGAGE, LLC | $855,000 | $205,000 | -76.0% | 0.3% |
| ACADEMY MORTGAGE CORPORATION | $750,000 | $200,000 | -73.3% | 0.3% |
| Citizens Bank | $1,200,000 | $195,000 | -83.8% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $605,000 | $195,000 | -67.8% | 0.3% |
| PNC Bank | $85,000 | $190,000 | 123.5% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $190,000 | n/a | 0.2% | |
| Paramount Residential Mortgage Group, Inc. | $420,000 | $175,000 | -58.3% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $410,000 | $175,000 | -57.3% | 0.2% |
| Prosperity Home Mortgage, LLC | $345,000 | $170,000 | -50.7% | 0.2% |
| BancorpSouth | $165,000 | n/a | 0.2% | |
| CORNERSTONE HOME LENDING, INC. | $2,570,000 | $165,000 | -93.6% | 0.2% |
| GARDNER FINANCIAL SERVICES, LTD. | $165,000 | n/a | 0.2% | |
| INTERLINC MORTGAGE SERVICES, LLC | $215,000 | $155,000 | -27.9% | 0.2% |
| Nations Lending Corporation | $135,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $540,000 | $125,000 | -76.9% | 0.2% |
| Arvest Bank | $115,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $115,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $450,000 | $115,000 | -74.4% | 0.1% |
| CONSUMERS COOPERATIVE CREDIT UNION | $95,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $155,000 | $95,000 | -38.7% | 0.1% |
| Trustmark National Bank | $75,000 | n/a | 0.1% | |
| Houston Federal Credit Union | $65,000 | n/a | 0.1% | |
| FIRST SERVICE Credit Union | $55,000 | $55,000 | 0.0% | 0.1% |
| International Bank of Commerce | $25,000 | $55,000 | 120.0% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $185,000 | $55,000 | -70.3% | 0.1% |
El Campo's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 8.6% market share. In second place, with 7.1%, is QUICKEN LOANS, LLC, having originated $5,415,000 in loans. In third place, with 5.9%, is FIRST STATE BANK, having originated $4,535,000 in loans. In fourth place, with 5.7%, is Prosperity Bank, having originated $4,395,000 in loans. In fifth place, with 4.8%, is Gateway First Bank, having originated $3,670,000 in loans.
El Campo, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 267 | $58,255,000 | $218,184 |
| Cash Out Refi | 39 | $7,025,000 | $180,128 |
| Refi | 31 | $8,835,000 | $285,000 |
| Home Improvement | 12 | $1,750,000 | $145,833 |
| Other | 11 | $905,000 | $82,273 |
El Campo's most frequently cited loan purpose was Home Purchase, with 267 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 105 | $24,185,000 | $230,333 |
| 7-8% | 81 | $18,525,000 | $228,704 |
| Over 8% | 79 | $11,705,000 | $148,165 |
| 5-6% | 56 | $13,680,000 | $244,286 |
| <2.5% | 6 | $40,000 | $6,667 |
| 4-5% | 2 | $470,000 | $235,000 |
During 2023, El Campo's most frequently originated rate bucket was 6-7%, with 105 originations.
Loan Sizing (El Campo, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 137 | $20,285,000 | $148,066 |
| $200k-400k | 122 | $33,620,000 | $275,574 |
| $100,000 or less | 70 | $4,610,000 | $65,857 |
| $400k-600k | 21 | $9,765,000 | $465,000 |
| $600k-1000k | 7 | $4,485,000 | $640,714 |
| $Over $1MM | 3 | $4,005,000 | $1,335,000 |
El Campo's loan sizing saw the bucket of loans from $100k-200k with 137 originations, totaling $20,285,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 181 | $39,455,000 | $217,983 |
| 60-80% | 77 | $19,075,000 | $247,727 |
| 40-60% | 25 | $4,665,000 | $186,600 |
| 20-40% | 22 | $2,720,000 | $123,636 |
| Under 20% | 16 | $460,000 | $28,750 |
| Over 100% | 7 | $2,085,000 | $297,857 |
El Campo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 181 originations, totaling $39,455,000 in origination value.