EL PASO Mortgage Rates
30 Year Fixed Rate mortgages in El Paso averaged
3.24%
for the week of 2021-11-24, compared to the national average of
3.1% for the same period.
The average rate for the prior week (2021-11-18) was
3.54% and
one month ago for the week of 2021-10-21, the
average rate was 3.53%.
El Paso's average rate one year ago was 3.26%.
For refis of the same type during the week of 2021-11-24, the average rate
was 3.5%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-11-24 | 3.1% |
| El Paso 30 Year Fixed Rate | 2021-11-24 | 3.24% |
| El Paso 30 Year Fixed Rate Refi | 2021-11-24 | 3.5% |
| El Paso 15 Year Fixed Rate | 2021-11-24 | 3.13% |
| El Paso 15 Year Fixed Rate Refi | 2021-11-24 | 2.65% |
| El Paso 30 Year FHA | 2021-11-24 | 3.71% |
| El Paso 30 Year FHA Refi | 2021-11-24 | 3.54% |
| El Paso 30 Year USDA | 2021-11-24 | 3.57% |
| El Paso 30 Year USDA Refi | 2021-11-24 | 3.12% |
| El Paso 30 Year VA | 2021-11-24 | 3.07% |
| El Paso 30 Year VA Refi | 2021-11-24 | 3.25% |
EL PASO Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the EL PASO, 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 PASO, TX's 212 lenders originated 19,047
loans during 2020. The total origination value was $3,602,715,000, with an average loan value of
$189,149.
The top EL PASO lender as defined by loan originations is GECU, with
1,031 loans originated. Their average total fees are
$3,613, which is $966
lower than the next largest lender,
CADENCE LENDING GROUP, INC..
The lowest fee EL PASO lenders (with over 10 loans originated) are
SUN WEST MORTGAGE COMPANY, INC. ($1,066), Rocky Mountain Mortgage Company ($1,961), SECURITY SERVICE ($2,619), JPMorgan Chase Bank, National Association ($3,027) and Wells Fargo Bank, National Association ($3,057).
The lowest rate EL PASO lenders (with over 10 loans originated) are
First National Bank Texas (3.00%), BETTER MORTGAGE CORPORATION (3.01%), Network Funding, L.P. (3.04%), UNITED WHOLESALE MORTGAGE, LLC (3.08%) and SUN WEST MORTGAGE COMPANY, INC. (3.09%).
EL PASO, TX Lender 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 | 2019 Loan Value | 2020 Loan Value | % Change | 2020 Market Share |
|---|---|---|---|---|
| GECU of El Paso | $256,460,000 | $282,665,000 | 10.2% | 7.8% |
| Rocky Mountain Mortgage Company | $109,790,000 | $207,905,000 | 89.4% | 5.8% |
| New American Funding (dba for Broker Solutions Inc) | $115,515,000 | $195,690,000 | 69.4% | 5.4% |
| Freedom Mortgage Corporation | $36,710,000 | $192,160,000 | 423.5% | 5.3% |
| Quicken Loans | $81,120,000 | $188,535,000 | 132.4% | 5.2% |
| Commerce Home Mortgage Inc. | $132,020,000 | $178,670,000 | 35.3% | 5.0% |
| Greystone Servicing Corporation, Inc. | $149,855,000 | n/a | 4.2% | |
| Guaranteed Rate Inc. | $25,625,000 | $107,760,000 | 320.5% | 3.0% |
| First National Bank Texas | $41,105,000 | $105,185,000 | 155.9% | 2.9% |
| Mortgage Research Center LLC | $46,750,000 | $86,600,000 | 85.2% | 2.4% |
| CITY BANK | $64,075,000 | $84,340,000 | 31.6% | 2.3% |
| WELLS FARGO BANK NA | $36,945,000 | $70,430,000 | 90.6% | 2.0% |
| loanDepot LLC | $33,605,000 | $60,075,000 | 78.8% | 1.7% |
| CMG Mortgage Inc. | $28,245,000 | $54,035,000 | 91.3% | 1.5% |
| MOVEMENT MORTGAGE, LLC | $26,390,000 | $52,320,000 | 98.3% | 1.5% |
| United Shore Financial Services LLC | $32,535,000 | $51,640,000 | 58.7% | 1.4% |
| USAA FEDERAL SAVINGS BANK | $54,385,000 | $49,590,000 | -8.8% | 1.4% |
| SecurityNational Mortgage Company | $38,015,000 | $48,740,000 | 28.2% | 1.4% |
| Patriot Mortgage Company | $33,475,000 | $44,325,000 | 32.4% | 1.2% |
| CERTAIN HOME LOANS, LLC | $6,865,000 | $40,705,000 | 492.9% | 1.1% |
| Nationstar Mortgage | $17,260,000 | $38,220,000 | 121.4% | 1.1% |
| Caliber Home Loans Inc | $33,750,000 | $36,860,000 | 9.2% | 1.0% |
| El Paso Area Teachers Federal Credit Union | $16,980,000 | $35,635,000 | 109.9% | 1.0% |
| Plaza Home Mortgage Inc. | $17,810,000 | $35,505,000 | 99.4% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $52,010,000 | $35,420,000 | -31.9% | 1.0% |
| American Pacific Mortgage Corporation | $800,000 | $35,215,000 | 4,301.9% | 1.0% |
| FirstLight Federal Credit Union | $28,845,000 | $34,635,000 | 20.1% | 1.0% |
| CBRE Multifamily Capital, Inc. | $29,345,000 | n/a | 0.8% | |
| Eustis Mortgage Corporation | $15,890,000 | $28,745,000 | 80.9% | 0.8% |
| FAIRWAY INDEPENDENT MORT CORP | $41,865,000 | $27,675,000 | -33.9% | 0.8% |
| PENNYMAC LOAN SERVICES LLC | $7,715,000 | $26,575,000 | 244.5% | 0.7% |
| BOKF NA | $1,915,000 | $26,270,000 | 1,271.8% | 0.7% |
| LoanPal | $10,270,000 | $26,185,000 | 155.0% | 0.7% |
| JPMorgan Chase Bank, NA | $22,345,000 | $24,365,000 | 9.0% | 0.7% |
| LendUS LLC dba RPM Mortgage | $16,550,000 | $22,075,000 | 33.4% | 0.6% |
| Village Capital & Investment | $5,845,000 | $22,035,000 | 277.0% | 0.6% |
| Clearpath Lending | $5,715,000 | $20,945,000 | 266.5% | 0.6% |
| Sun West Mortgage Company Inc. | $760,000 | $19,775,000 | 2,502.0% | 0.5% |
| Security Service Federal Credit Union | $13,070,000 | $19,515,000 | 49.3% | 0.5% |
| Waterstone Mortgage Corp | $4,485,000 | $18,560,000 | 313.8% | 0.5% |
| Bank of America NA | $23,990,000 | $16,730,000 | -30.3% | 0.5% |
| Mid America Mortgage Inc. | $4,920,000 | $16,540,000 | 236.2% | 0.5% |
| Mortgage Financial Services LLC | $135,000 | $16,225,000 | 11,918.5% | 0.5% |
| Ark-La-Tex Financial Services LLC | $1,345,000 | $14,840,000 | 1,003.3% | 0.4% |
| CBNA | $27,660,000 | $14,145,000 | -48.9% | 0.4% |
| COMPASS BANK | $14,500,000 | $14,005,000 | -3.4% | 0.4% |
| Washington Federal | $7,430,000 | $13,470,000 | 81.3% | 0.4% |
| Amerisave Mortgage Corporation | $3,635,000 | $13,380,000 | 268.1% | 0.4% |
| evolve Federal Credit Union | $10,275,000 | $11,415,000 | 11.1% | 0.3% |
| Sunflower Bank, N.A. | $10,160,000 | $11,185,000 | 10.1% | 0.3% |
| Cardinal Financial Company LP | $3,625,000 | $11,090,000 | 205.9% | 0.3% |
| Lakeview Community Capital, LLC | $1,390,000 | $10,995,000 | 691.0% | 0.3% |
| Lakeview Loan Servicing, LLC | $4,370,000 | $10,430,000 | 138.7% | 0.3% |
| Low VA Rates | $6,050,000 | $10,385,000 | 71.7% | 0.3% |
| GATEWAY MORTGAGE GROUP | $8,375,000 | $10,375,000 | 23.9% | 0.3% |
| NEWREZ LLC | $3,055,000 | $10,070,000 | 229.6% | 0.3% |
| Gardner Financial Services dba Legacy Mutual Mortgage | $20,165,000 | $9,510,000 | -52.8% | 0.3% |
| CARRINGTON MORTGAGE SERVICES | $12,980,000 | $9,475,000 | -27.0% | 0.3% |
| US BANK, N.A. | $3,575,000 | $9,310,000 | 160.4% | 0.3% |
| Legacy Mortgage LLC | $6,665,000 | $8,670,000 | 30.1% | 0.2% |
| Bank of England | $8,745,000 | $8,350,000 | -4.5% | 0.2% |
| Home Point Financial Corporation | $5,235,000 | $8,045,000 | 53.7% | 0.2% |
| NewDay Financial LLC dba NewDay USA | $610,000 | $7,785,000 | 1,176.2% | 0.2% |
| Castle & Cooke Mortgage LLC | $19,160,000 | $7,745,000 | -59.6% | 0.2% |
| Better Mortgage Corporation | $1,820,000 | $7,185,000 | 294.8% | 0.2% |
| North American Savings Bank | $3,735,000 | $7,185,000 | 92.4% | 0.2% |
| Amcap Mortgage Ltd. | $1,915,000 | $7,155,000 | 273.6% | 0.2% |
| M&T REALTY CAPITAL CORPORATION | $7,085,000 | n/a | 0.2% | |
| Intercontinental Capital Group, Inc. | $580,000 | $6,375,000 | 999.1% | 0.2% |
| Berkadia Commercial Mortgage | $12,905,000 | $6,215,000 | -51.8% | 0.2% |
| Mortgage Solutions of Colorado LLC | $605,000 | $6,215,000 | 927.3% | 0.2% |
| Jones Lang LaSalle Multifamily | $6,005,000 | n/a | 0.2% | |
| NETWORK FUNDING, L.P. | $740,000 | $5,960,000 | 705.4% | 0.2% |
| AmeriHomeMortgageCompany,LL | $620,000 | $5,855,000 | 844.4% | 0.2% |
| DAS Acquisition Company, LLC | $5,845,000 | n/a | 0.2% | |
| Southwest Funding LP | $4,580,000 | $5,795,000 | 26.5% | 0.2% |
| Royal United Mortgage LLC | $4,255,000 | $5,745,000 | 35.0% | 0.2% |
| Barrington Bank & Trust | $2,780,000 | $5,640,000 | 102.9% | 0.2% |
| Planet Home Lending LLC | $2,525,000 | $5,630,000 | 123.0% | 0.2% |
| Flagstar Bank | $13,970,000 | $5,275,000 | -62.2% | 0.1% |
| HomeBridge Financial Services, Inc. | $6,845,000 | $5,205,000 | -24.0% | 0.1% |
| Citizens Bank of Las Cruces | $4,060,000 | $5,150,000 | 26.8% | 0.1% |
| PNC BANK NA | $25,405,000 | $4,900,000 | -80.7% | 0.1% |
| Pentagon Federal Credit Union | $2,055,000 | $4,750,000 | 131.1% | 0.1% |
| ANGEL OAK HOME LOANS LLC | $355,000 | $4,695,000 | 1,222.5% | 0.1% |
| First Guaranty Mortgage Corporation | $835,000 | $4,650,000 | 456.9% | 0.1% |
| PRIMELENDING | $1,680,000 | $4,230,000 | 151.8% | 0.1% |
| Stearns Lending | $2,545,000 | $3,965,000 | 55.8% | 0.1% |
| Union Home Mortgage Company | $1,725,000 | $3,885,000 | 125.2% | 0.1% |
| Synergy One Lending | $1,180,000 | $3,750,000 | 217.8% | 0.1% |
| Supreme Lending/ Everett Financial Inc. | $16,120,000 | $3,640,000 | -77.4% | 0.1% |
| Keller Mortgage LLC | $5,520,000 | $3,590,000 | -35.0% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC | $2,680,000 | $3,530,000 | 31.7% | 0.1% |
| American Financing Corporation | $1,615,000 | $3,515,000 | 117.6% | 0.1% |
| Vantage Bank Texas | $1,320,000 | $3,510,000 | 165.9% | 0.1% |
| Goldwater Bank National Association | $450,000 | $3,310,000 | 635.6% | 0.1% |
| 21ST MORTGAGE | $2,740,000 | $3,290,000 | 20.1% | 0.1% |
| White Sands Federal Credit Union | $1,850,000 | $3,175,000 | 71.6% | 0.1% |
| Stifel Bank and Trust | $6,350,000 | $3,135,000 | -50.6% | 0.1% |
| The Federal Savings Bank | $1,815,000 | $3,125,000 | 72.2% | 0.1% |
| Intercap Lending Inc | $3,010,000 | n/a | 0.1% | |
| American Financial Network Inc. | $2,570,000 | $2,940,000 | 14.4% | 0.1% |
| Member First Mortgage LLC | $1,515,000 | $2,790,000 | 84.2% | 0.1% |
| Finance of America Mortgage LLC | $1,405,000 | $2,655,000 | 89.0% | 0.1% |
| Wyndham Capital Mortgage | $705,000 | $2,595,000 | 268.1% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $1,120,000 | $2,525,000 | 125.4% | 0.1% |
| Paramount Residential Mortgage Group Inc. | $2,200,000 | $2,510,000 | 14.1% | 0.1% |
| University Federal Credit Union | $935,000 | $2,445,000 | 161.5% | 0.1% |
| Guild Mortgage Company | $1,145,000 | $2,190,000 | 91.3% | 0.1% |
| Nations Lending Corporation | $420,000 | $2,165,000 | 415.5% | 0.1% |
| Contour Mortgage Corporation | $680,000 | $2,155,000 | 216.9% | 0.1% |
| OCMBC Inc. | $300,000 | $2,130,000 | 610.0% | 0.1% |
| First Savings Bank | $1,565,000 | $2,080,000 | 32.9% | 0.1% |
| Churchill Mortgage Corporation | $1,060,000 | $2,045,000 | 92.9% | 0.1% |
| TIAA, FSB | $295,000 | $2,045,000 | 593.2% | 0.1% |
| KS StateBank | $375,000 | $1,900,000 | 406.7% | 0.1% |
| PHH MORTGAGE CORPORATION | $985,000 | $1,875,000 | 90.4% | 0.1% |
| Provident Funding Associates | $1,690,000 | $1,875,000 | 10.9% | 0.1% |
| Midwest Mortgage Associates | $2,740,000 | $1,810,000 | -33.9% | 0.1% |
| TJC Mortgage, Inc. | $735,000 | $1,750,000 | 138.1% | 0.0% |
| International Bank of Commerce | $630,000 | $1,735,000 | 175.4% | 0.0% |
| Great Western Financial Services Inc. | $1,605,000 | $1,690,000 | 5.3% | 0.0% |
| BNC NATIONAL BANK | $2,240,000 | $1,610,000 | -28.1% | 0.0% |
| BANK OF THE WEST | $2,335,000 | $1,500,000 | -35.8% | 0.0% |
| SoFi Lending Corp | $240,000 | $1,490,000 | 520.8% | 0.0% |
| Thrive Mortgage LLC | $410,000 | $1,480,000 | 261.0% | 0.0% |
| AimLoan.com | $1,890,000 | $1,470,000 | -22.2% | 0.0% |
| NBKC Bank | $3,265,000 | $1,465,000 | -55.1% | 0.0% |
| WEI Mortgage LLC | $330,000 | $1,450,000 | 339.4% | 0.0% |
| Discover Bank | $450,000 | $1,440,000 | 220.0% | 0.0% |
| Branch Banking And Trust Co | $420,000 | $1,420,000 | 238.1% | 0.0% |
| Texana Bank, N.A. | $770,000 | $1,355,000 | 76.0% | 0.0% |
| US Mortgage of Florida | $115,000 | $1,315,000 | 1,043.5% | 0.0% |
| LendingHome Funding Corporation | $1,155,000 | $1,235,000 | 6.9% | 0.0% |
| UBS Bank USA | $1,220,000 | n/a | 0.0% | |
| Alterra Group LLC dba Alterra Home Loans | $1,195,000 | n/a | 0.0% | |
| Nationwide Mortgage Bankers Inc. | $610,000 | $1,190,000 | 95.1% | 0.0% |
| FirstBank | $400,000 | $1,175,000 | 193.8% | 0.0% |
| First American Bank | $340,000 | $1,150,000 | 238.2% | 0.0% |
| Citibank, N.A. | $1,015,000 | $1,105,000 | 8.9% | 0.0% |
| Paramount Bank | $165,000 | $1,105,000 | 569.7% | 0.0% |
| Midwest Equity Mortgage LLC | $1,100,000 | n/a | 0.0% | |
| Randolph Brooks Federal Credit Union | $1,105,000 | $1,090,000 | -1.4% | 0.0% |
| FIRST REPUBLIC BANK | $1,075,000 | n/a | 0.0% | |
| Nations Direct Mortgage LLC | $1,045,000 | $1,005,000 | -3.8% | 0.0% |
| Northpointe Bank | $990,000 | n/a | 0.0% | |
| FBC Mortgage LLC | $1,390,000 | $980,000 | -29.5% | 0.0% |
| Mann Mortgage LLC | $975,000 | n/a | 0.0% | |
| Oceanside Mortgage Company | $960,000 | $970,000 | 1.0% | 0.0% |
| Nations Reliable Lending, LLC | $350,000 | $960,000 | 174.3% | 0.0% |
| American Residential Lending | $950,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $915,000 | n/a | 0.0% | |
| Armed Forces Bank | $405,000 | $910,000 | 124.7% | 0.0% |
| James B. Nutter & Company | $495,000 | $900,000 | 81.8% | 0.0% |
| First Home Bank | $895,000 | $870,000 | -2.8% | 0.0% |
| Huntington National Bank | $2,345,000 | $865,000 | -63.1% | 0.0% |
| Premia Mortgage, LLC | $995,000 | $865,000 | -13.1% | 0.0% |
| Network Capital Funding Corporation | $845,000 | $860,000 | 1.8% | 0.0% |
| Magnolia Bank Incorporated | $745,000 | $830,000 | 11.4% | 0.0% |
| LeaderOne Financial Corp. | $215,000 | $820,000 | 281.4% | 0.0% |
| Mortgage Lenders of America LLC | $180,000 | $820,000 | 355.6% | 0.0% |
| Embrace Home Loans, Inc. | $1,300,000 | $815,000 | -37.3% | 0.0% |
| Guaranteed Rate Affinity LLC | $1,020,000 | $805,000 | -21.1% | 0.0% |
| Hometown Equity Mortgage LLC | $790,000 | n/a | 0.0% | |
| Athas Capital Group | $190,000 | $785,000 | 313.2% | 0.0% |
| First Mortgage Solutions LLC | $780,000 | n/a | 0.0% | |
| LHM Financial DBA CNN Mortgage | $275,000 | $780,000 | 183.6% | 0.0% |
| Open Mortgage LLC | $410,000 | $775,000 | 89.0% | 0.0% |
| AAG | $460,000 | $755,000 | 64.1% | 0.0% |
| Hamilton Group Funding Inc. | $755,000 | n/a | 0.0% | |
| Homeside Financial LLC | $745,000 | n/a | 0.0% | |
| Chevron Federal Credit Union | $640,000 | $735,000 | 14.8% | 0.0% |
| Homestead Funding Corp. | $195,000 | $715,000 | 266.7% | 0.0% |
| Universal Lending Corporation | $715,000 | n/a | 0.0% | |
| BNY MELLON, N.A. | $705,000 | n/a | 0.0% | |
| REGIONS BANK | $555,000 | $700,000 | 26.1% | 0.0% |
| First Financial Bank | $685,000 | n/a | 0.0% | |
| Reverse Mortgage Funding LLC | $755,000 | $685,000 | -9.3% | 0.0% |
| Triad Financial Services Inc | $335,000 | $680,000 | 103.0% | 0.0% |
| Academy Mortgage Corporation | $6,120,000 | $660,000 | -89.2% | 0.0% |
| WaterStone Bank SSB | $655,000 | n/a | 0.0% | |
| Accelerate Mortgage | $645,000 | n/a | 0.0% | |
| Angel Oak Mortgage Solutions | $855,000 | $610,000 | -28.7% | 0.0% |
| Aspire Financial Inc. | $415,000 | $610,000 | 47.0% | 0.0% |
| Sirva Mortgage Inc. | $400,000 | $610,000 | 52.5% | 0.0% |
| Nudge Funding LLC | $595,000 | n/a | 0.0% | |
| Simmons Bank | $1,145,000 | $595,000 | -48.0% | 0.0% |
| Baxter Credit Union | $610,000 | $590,000 | -3.3% | 0.0% |
| International City Mortgage Inc. | $1,155,000 | $580,000 | -49.8% | 0.0% |
| Michigan Mutual, Inc. DBA MiMutual Mortgage | $360,000 | $580,000 | 61.1% | 0.0% |
| Willow Bend Mortgage | $335,000 | $575,000 | 71.6% | 0.0% |
| Legend Lending Corporation | $570,000 | n/a | 0.0% | |
| Amerifirst Financial Inc. | $565,000 | n/a | 0.0% | |
| Lending 3 Inc | $555,000 | n/a | 0.0% | |
| HomeTrust Mortgage Company | $550,000 | n/a | 0.0% | |
| Primary Residential Mortgage Inc. | $525,000 | n/a | 0.0% | |
| Sovereign Lending Group, Inc | $665,000 | $525,000 | -21.1% | 0.0% |
| NFM, Inc. | $280,000 | $515,000 | 83.9% | 0.0% |
| DelMar Financial Company | $510,000 | n/a | 0.0% | |
| Impac Mortgage Corp. dba CashCall Mortgage | $125,000 | $505,000 | 304.0% | 0.0% |
| Cascade Financial Services | $205,000 | $495,000 | 141.5% | 0.0% |
| Mid-Continent Funding, Inc. | $795,000 | $495,000 | -37.7% | 0.0% |
| United Security Financial | $495,000 | n/a | 0.0% | |
| Guaranty Trust Company | $490,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $485,000 | n/a | 0.0% | |
| EECU | $355,000 | $480,000 | 35.2% | 0.0% |
| RENASANT BANK | $480,000 | n/a | 0.0% | |
| Kemba Credit Union Inc | $960,000 | $475,000 | -50.5% | 0.0% |
| Weichert Financial Services | $365,000 | $465,000 | 27.4% | 0.0% |
| Cadence Bank, N.A. | $330,000 | $455,000 | 37.9% | 0.0% |
| First Savings Bank | $1,565,000 | $455,000 | -70.9% | 0.0% |
| NOVA Financial & Investment Corporation dba: Nova Home Loans | $145,000 | $455,000 | 213.8% | 0.0% |
| UNIFY Financial Credit Union | $85,000 | $455,000 | 435.3% | 0.0% |
| Finance of America Reverse LLC | $240,000 | $450,000 | 87.5% | 0.0% |
| FIRST NATIONAL BANK OF OMAHA | $135,000 | $450,000 | 233.3% | 0.0% |
| Envoy Mortgage Ltd. | $165,000 | $435,000 | 163.6% | 0.0% |
| MIT Federal Credit Union | $435,000 | n/a | 0.0% | |
| Watermark Home Loans | $290,000 | $435,000 | 50.0% | 0.0% |
| M&T Bank | $425,000 | n/a | 0.0% | |
| NTFN dba Premier Nationwide Lending | $105,000 | $425,000 | 304.8% | 0.0% |
| Guidance Residential LLC | $415,000 | n/a | 0.0% | |
| American Financial Resources Inc. | $410,000 | n/a | 0.0% | |
| Loan Simple Inc | $175,000 | $410,000 | 134.3% | 0.0% |
| Reliance First Capital LLC | $125,000 | $410,000 | 228.0% | 0.0% |
| First New Mexico Bank Las Cruces | $405,000 | n/a | 0.0% | |
| Prime Choice Funding, Inc. | $225,000 | $385,000 | 71.1% | 0.0% |
| Pilgrim Mortgage | $195,000 | $380,000 | 94.9% | 0.0% |
| PLUS RELOCATION MORTGAGE, LLC | $380,000 | n/a | 0.0% | |
| LoanSnap Inc | $375,000 | n/a | 0.0% | |
| Florida Capital Bank National Association | $370,000 | n/a | 0.0% | |
| Ladera Lending, Inc. | $370,000 | n/a | 0.0% | |
| Essex Mortgage | $175,000 | $350,000 | 100.0% | 0.0% |
| Gold Star Mortgage Financial Group, Corporation | $350,000 | n/a | 0.0% | |
| Summit Funding Inc. | $350,000 | n/a | 0.0% | |
| CAPITAL BANK, NA | $205,000 | $340,000 | 65.9% | 0.0% |
| Mountain West Financial Inc. | $340,000 | n/a | 0.0% | |
| Wolfe Financial Inc. DBA Integrity Mortgage Group | $340,000 | n/a | 0.0% | |
| First Internet Bank | $330,000 | n/a | 0.0% | |
| PIONEER BANK | $145,000 | $330,000 | 127.6% | 0.0% |
| The Home Loan Expert | $330,000 | n/a | 0.0% | |
| RiverHills Bank | $315,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $305,000 | n/a | 0.0% | |
| ZB, N.A. | $305,000 | n/a | 0.0% | |
| DHI Mortgage Company Limited | $105,000 | $300,000 | 185.7% | 0.0% |
| The First National Bank of Tom Bean | $300,000 | n/a | 0.0% | |
| Texas Mortgage Lending, LLC | $315,000 | $295,000 | -6.3% | 0.0% |
| Union Bank & Trust | $295,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $285,000 | n/a | 0.0% | |
| Independent Bank | $275,000 | n/a | 0.0% | |
| Bayshore Mortgage Funding LLC | $265,000 | n/a | 0.0% | |
| Colten Mortgage | $265,000 | n/a | 0.0% | |
| Illinois State Credit Union | $265,000 | n/a | 0.0% | |
| KeyBank National Association | $265,000 | n/a | 0.0% | |
| RB Mortgage LLC | $145,000 | $265,000 | 82.8% | 0.0% |
| United Fidelity Funding Corp. | $265,000 | n/a | 0.0% | |
| Geneva Financial LLC | $1,110,000 | $260,000 | -76.6% | 0.0% |
| HSBC BANK USA, NA | $260,000 | n/a | 0.0% | |
| Altra Federal Credit Union | $255,000 | n/a | 0.0% | |
| Amplify Credit Union | $305,000 | $255,000 | -16.4% | 0.0% |
| BOM Bank | $255,000 | n/a | 0.0% | |
| Lenox Financial Mortgage Corp. | $255,000 | n/a | 0.0% | |
| MIDWEST COMMUNITY BANK | $255,000 | n/a | 0.0% | |
| Trustmark National Bank | $255,000 | n/a | 0.0% | |
| Southwest Airlines Federal Credit Union | $250,000 | n/a | 0.0% | |
| Midwest BankCentre | $245,000 | n/a | 0.0% | |
| Best Capital Funding | $235,000 | n/a | 0.0% | |
| Hartford Funding, Ltd. | $235,000 | n/a | 0.0% | |
| Cherry Creek Mortgage Co. Inc. | $225,000 | n/a | 0.0% | |
| First Choice Loan Services Inc. | $3,185,000 | $225,000 | -92.9% | 0.0% |
| Prosperity Home Mortgage LLC | $225,000 | n/a | 0.0% | |
| Residential Bancorp | $220,000 | n/a | 0.0% | |
| BancorpSouth Bank | $215,000 | n/a | 0.0% | |
| Acopia, LLC | $205,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $205,000 | n/a | 0.0% | |
| Homespire Mortgage Corporation | $195,000 | n/a | 0.0% | |
| Hometown Lenders LLC | $190,000 | n/a | 0.0% | |
| Capital Mortgage Services of Texas | $85,000 | $185,000 | 117.6% | 0.0% |
| Community First National Bank | $185,000 | n/a | 0.0% | |
| Greenbox Loans Inc. | $185,000 | n/a | 0.0% | |
| V.I.P. Mortgage Inc. | $175,000 | $185,000 | 5.7% | 0.0% |
| American Finance House Lariiba | $175,000 | n/a | 0.0% | |
| AUSTIN CAPITAL BANK SSB | $610,000 | $175,000 | -71.3% | 0.0% |
| NBH Bank | $175,000 | n/a | 0.0% | |
| Digital Federal Credit Union | $165,000 | n/a | 0.0% | |
| SWBC Mortgage Corporation | $165,000 | n/a | 0.0% | |
| Bay Equity LLC | $155,000 | n/a | 0.0% | |
| AMARILLO NATIONAL BANK | $150,000 | n/a | 0.0% | |
| MidFirst Bank | $75,000 | $150,000 | 100.0% | 0.0% |
| Affiliated Bank | $265,000 | $145,000 | -45.3% | 0.0% |
| First Bank | $145,000 | n/a | 0.0% | |
| Great Plains National Bank | $145,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants Inc. | $415,000 | $135,000 | -67.5% | 0.0% |
| Associated Mortgage Corporation | $165,000 | $135,000 | -18.2% | 0.0% |
| Blue Ridge Bank, NA | $135,000 | n/a | 0.0% | |
| First State Bank | $135,000 | n/a | 0.0% | |
| Texas Bank Financial | $135,000 | n/a | 0.0% | |
| Trinity Oaks Mortgage LLC | $135,000 | n/a | 0.0% | |
| COMERICA BANK | $130,000 | n/a | 0.0% | |
| Bank of Whittier, Na | $75,000 | $125,000 | 66.7% | 0.0% |
| Axos Bank | $105,000 | $115,000 | 9.5% | 0.0% |
| Great Southern Bank | $115,000 | n/a | 0.0% | |
| Integrity Mortgage Corp of Texas | $115,000 | n/a | 0.0% | |
| Texas Tech Federal Credit Union | $400,000 | $115,000 | -71.3% | 0.0% |
| Ann Ha | $105,000 | n/a | 0.0% | |
| Bank 2 | $75,000 | $105,000 | 40.0% | 0.0% |
| Barton Creek Lending Group | $105,000 | n/a | 0.0% | |
| Bay Valley Mortgage Group DBA Pacific Bay Lending Group | $105,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $1,630,000 | $105,000 | -93.6% | 0.0% |
| Land Home Financial Services Inc. | $105,000 | $105,000 | 0.0% | 0.0% |
| PRIMELENDING VENTURES LLC | $105,000 | n/a | 0.0% | |
| United Mortgage Corp | $235,000 | $105,000 | -55.3% | 0.0% |
| Fay Servicing LLC | $55,000 | $95,000 | 72.7% | 0.0% |
| Fifth Third Bank | $95,000 | n/a | 0.0% | |
| DIAMOND RESIDENTIAL MTG CORP | $85,000 | n/a | 0.0% | |
| InvesTex Credit Union | $85,000 | n/a | 0.0% | |
| CREDIT UNION OF TEXAS | $65,000 | n/a | 0.0% | |
| Equity Bank | $65,000 | n/a | 0.0% | |
| Farmers Insurance Group Federal Credit Union | $65,000 | n/a | 0.0% | |
| Certified Funding | $120,000 | $55,000 | -54.2% | 0.0% |
EL PASO's top lender by overall market share is GECU of El Paso, with 7.8% market share. In second place, with 5.8%, is Rocky Mountain Mortgage Company, having originated $207,905,000 in loans. In third place, with 5.4%, is New American Funding (dba for Broker Solutions Inc), having originated $195,690,000 in loans. In third place, with 5.3%, is Freedom Mortgage Corporation, having originated $192,160,000 in loans. In third place, with 5.2%, is Quicken Loans, having originated $188,535,000 in loans.
EL PASO, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 10,432 | $1,980,520,000 | $189,850 |
| Refi | 6,968 | $1,396,080,000 | $200,356 |
| Cash Out Refi | 1,259 | $187,165,000 | $148,662 |
| Home Improvement | 265 | $19,675,000 | $74,245 |
| Other | 123 | $19,275,000 | $156,707 |
El Paso's most frequently cited loan purpose was Home Purchase, with 10,432 originations. The 2nd most popular reason was Refi, with 6,968 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 7,557 | $1,345,005,000 | $177,981 |
| 2.5-3% | 7,130 | $1,347,570,000 | $189,000 |
| <2.5% | 2,133 | $429,505,000 | $201,362 |
| 4-5% | 1,461 | $244,935,000 | $167,649 |
| 5-6% | 401 | $43,015,000 | $107,269 |
| 6-7% | 126 | $11,910,000 | $94,524 |
| Over 8% | 100 | $7,810,000 | $78,100 |
| 7-8% | 69 | $6,135,000 | $88,913 |
During 2020, El Paso's most frequently originated rate bucket was 3-4%, with 7,557 originations.
Loan Sizing (EL PASO, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 10,721 | $1,618,045,000 | $150,923 |
| $200k-400k | 5,077 | $1,299,535,000 | $255,965 |
| $100,000 or less | 2,825 | $193,025,000 | $68,327 |
| $400k-600k | 351 | $163,035,000 | $464,487 |
| $600k-1000k | 40 | $30,020,000 | $750,500 |
| $Over $1MM | 33 | $299,055,000 | $9,062,273 |
EL PASO's loan sizing saw the bucket of loans from $100k-200k with 10,721 originations, totaling $1,618,045,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 11,051 | $2,153,905,000 | $194,906 |
| 60-80% | 3,817 | $786,375,000 | $206,019 |
| 40-60% | 1,055 | $151,365,000 | $143,474 |
| Over 100% | 760 | $167,840,000 | $220,842 |
| 20-40% | 377 | $28,015,000 | $74,310 |
| Under 20% | 364 | $7,330,000 | $20,137 |
EL PASO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 11,051 originations, totaling $2,153,905,000 in origination value.