Fredericksburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fredericksburg averaged
6.53%
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
6.87% and
one month ago for the week of 2023-08-10, the
average rate was 6.61%.
Fredericksburg's average rate one year ago was 5.24%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.58%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Fredericksburg 30 Year Fixed Rate | 2023-09-14 | 6.53% |
| Fredericksburg 30 Year Fixed Rate Refi | 2023-09-14 | 7.58% |
| Fredericksburg 15 Year Fixed Rate | 2023-09-14 | 6.61% |
| Fredericksburg 15 Year Fixed Rate Refi | 2023-09-14 | 6.61% |
| Fredericksburg 30 Year FHA | 2023-09-14 | 6.99% |
| Fredericksburg 30 Year FHA Refi | 2023-09-14 | 6.79% |
| Fredericksburg 30 Year USDA | 2023-09-14 | 7.08% |
| Fredericksburg 30 Year USDA Refi | 2023-09-14 | 6.88% |
| Fredericksburg 30 Year VA | 2023-09-14 | 6.71% |
| Fredericksburg 30 Year VA Refi | 2023-09-14 | 6.71% |
Fredericksburg 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 Fredericksburg, 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.).
Fredericksburg Average Closing Costs & Other Stats
Fredericksburg, TX's 113 lenders originated 651
loans during 2022. The total origination value was $328,775,000, with an average loan value of
$505,031.
Fredericksburg's average closing costs are $6,756.
The top Fredericksburg lender as defined by loan originations is First United Bank and Trust Company, with
29 loans originated. Their average total fees are
$6,363, which is $1,722
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Fredericksburg lenders (with over 10 loans originated) are
First United Bank and Trust Company ($6,363), Security State Bank & Trust ($6,597), QUICKEN LOANS, LLC ($8,085), .
The lowest rate Fredericksburg lenders (with over 10 loans originated) are
First United Bank and Trust Company (4.31%), Security State Bank & Trust (4.66%), QUICKEN LOANS, LLC (4.87%), .
Fredericksburg, 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 |
|---|---|---|---|---|
| First United Bank and Trust Company | $36,885,000 | $40,755,000 | 10.5% | 12.4% |
| Security State Bank & Trust | $30,730,000 | $25,160,000 | -18.1% | 7.7% |
| Prosperity Bank | $8,250,000 | $13,025,000 | 57.9% | 4.0% |
| QUICKEN LOANS, LLC | $20,770,000 | $11,235,000 | -45.9% | 3.4% |
| JPMorgan Chase Bank | $18,110,000 | $6,855,000 | -62.1% | 2.1% |
| Simmons Bank | $6,605,000 | n/a | 2.0% | |
| Zions Bancorporation, N.A. | $1,225,000 | $5,740,000 | 368.6% | 1.7% |
| Bank of America | $5,030,000 | $4,955,000 | -1.5% | 1.5% |
| SECURITY SERVICE | $640,000 | $4,810,000 | 651.6% | 1.5% |
| Texas Regional Bank | $4,305,000 | $4,660,000 | 8.2% | 1.4% |
| Broadway National Bank | $1,560,000 | $4,375,000 | 180.4% | 1.3% |
| Centennial Bank | $4,290,000 | n/a | 1.3% | |
| Regions Bank | $1,660,000 | $4,255,000 | 156.3% | 1.3% |
| Independent Bank | $2,320,000 | $4,055,000 | 74.8% | 1.2% |
| 21ST MORTGAGE CORPORATION | $2,270,000 | $4,025,000 | 77.3% | 1.2% |
| Morgan Stanley Private Bank | $605,000 | $4,020,000 | 564.5% | 1.2% |
| LOANDEPOT.COM, LLC | $7,320,000 | $3,980,000 | -45.6% | 1.2% |
| RANDOLPH-BROOKS | $3,620,000 | $3,695,000 | 2.1% | 1.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,670,000 | $3,555,000 | -53.7% | 1.1% |
| AMCAP MORTGAGE, LTD. | $4,400,000 | $3,415,000 | -22.4% | 1.0% |
| GUILD MORTGAGE COMPANY | $6,020,000 | $3,335,000 | -44.6% | 1.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,555,000 | $3,280,000 | -7.7% | 1.0% |
| CMG MORTGAGE, INC. | $1,640,000 | $3,180,000 | 93.9% | 1.0% |
| SouthStar Bank, S.S.B. | $2,365,000 | $3,180,000 | 34.5% | 1.0% |
| UBS Bank USA | $2,450,000 | $2,585,000 | 5.5% | 0.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,070,000 | $2,540,000 | 22.7% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,860,000 | $2,485,000 | -13.1% | 0.8% |
| Greenbox Loans, Inc. | $2,525,000 | $2,455,000 | -2.8% | 0.7% |
| AMPLIFY | $2,330,000 | $2,345,000 | 0.6% | 0.7% |
| First Financial Bank | $2,225,000 | $2,255,000 | 1.3% | 0.7% |
| BancorpSouth Bank | $2,555,000 | $2,245,000 | -12.1% | 0.7% |
| Network Funding, L.P. | $3,250,000 | $2,170,000 | -33.2% | 0.7% |
| Allegiance Bank | $2,130,000 | n/a | 0.6% | |
| Sunflower Bank | $275,000 | $2,095,000 | 661.8% | 0.6% |
| SWBC MORTGAGE CORPORATION | $4,265,000 | $2,040,000 | -52.2% | 0.6% |
| BOKF | $1,190,000 | $2,005,000 | 68.5% | 0.6% |
| First Horizon Bank | $2,005,000 | $1,995,000 | -0.5% | 0.6% |
| FirstCapital Bank of Texas | $1,155,000 | $1,990,000 | 72.3% | 0.6% |
| JMAC LENDING, INC. | $1,985,000 | n/a | 0.6% | |
| PENNYMAC LOAN SERVICES, LLC | $1,480,000 | $1,985,000 | 34.1% | 0.6% |
| First Bank & Trust | $1,860,000 | n/a | 0.6% | |
| ARC HOME LLC | $2,150,000 | $1,815,000 | -15.6% | 0.6% |
| PHH Mortgage Corporation | $165,000 | $1,760,000 | 966.7% | 0.5% |
| GUARANTEED RATE, INC. | $5,065,000 | $1,715,000 | -66.1% | 0.5% |
| Waterstone Mortgage Corporation | $1,190,000 | $1,625,000 | 36.6% | 0.5% |
| Colonial Savings, F.A. | $600,000 | $1,615,000 | 169.2% | 0.5% |
| MOVEMENT MORTGAGE, LLC | $3,120,000 | $1,565,000 | -49.8% | 0.5% |
| Truist | $665,000 | $1,535,000 | 130.8% | 0.5% |
| Mortgage Research Center, LLC | $2,345,000 | $1,530,000 | -34.8% | 0.5% |
| Lamar National Bank | $1,505,000 | n/a | 0.5% | |
| UNIVERSITY Federal Credit Union | $1,955,000 | $1,495,000 | -23.5% | 0.5% |
| Wells Fargo Bank | $5,795,000 | $1,460,000 | -74.8% | 0.4% |
| Flagstar Bank, FSB | $3,665,000 | $1,450,000 | -60.4% | 0.4% |
| ANGEL OAK HOME LOANS LLC | $3,070,000 | $1,445,000 | -52.9% | 0.4% |
| COMPASS MORTGAGE, INC. | $1,445,000 | n/a | 0.4% | |
| INTERLINC MORTGAGE SERVICES, LLC | $1,345,000 | $1,405,000 | 4.5% | 0.4% |
| Citibank | $1,385,000 | n/a | 0.4% | |
| The Bank & Trust | $1,350,000 | n/a | 0.4% | |
| Citadel Servicing Corporation | $1,310,000 | n/a | 0.4% | |
| HOME POINT FINANCIAL CORPORATION | $2,965,000 | $1,305,000 | -56.0% | 0.4% |
| Watermark Capital, Inc. | $1,290,000 | n/a | 0.4% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $325,000 | $1,285,000 | 295.4% | 0.4% |
| PLANET HOME LENDING, LLC | $445,000 | $1,275,000 | 186.5% | 0.4% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,595,000 | $1,250,000 | -21.6% | 0.4% |
| BETTER MORTGAGE CORPORATION | $2,890,000 | $1,225,000 | -57.6% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $1,575,000 | $1,205,000 | -23.5% | 0.4% |
| Third Coast Bank SSB | $1,205,000 | n/a | 0.4% | |
| Origin Bank | $1,195,000 | n/a | 0.4% | |
| PNC Bank | $405,000 | $1,195,000 | 195.1% | 0.4% |
| The First National Bank of Sonora | $1,365,000 | $1,195,000 | -12.5% | 0.4% |
| CALIBER HOME LOANS, INC. | $3,840,000 | $1,185,000 | -69.1% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $2,400,000 | $1,175,000 | -51.0% | 0.4% |
| NATIONS RELIABLE LENDING, LLC | $720,000 | $1,150,000 | 59.7% | 0.3% |
| BROKER SOLUTIONS, INC. | $895,000 | $1,135,000 | 26.8% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $230,000 | $1,055,000 | 358.7% | 0.3% |
| AmeriHome Mortgage Company, LLC | $365,000 | $1,050,000 | 187.7% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,030,000 | n/a | 0.3% | |
| LOANPEOPLE, LLC | $1,220,000 | $1,020,000 | -16.4% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $880,000 | $1,015,000 | 15.3% | 0.3% |
| Texas Mortgage Lending, LLC | $445,000 | $995,000 | 123.6% | 0.3% |
| ASPIRE FINANCIAL, INC. | $460,000 | $960,000 | 108.7% | 0.3% |
| LENDSURE MORTGAGE CORP. | $265,000 | $950,000 | 258.5% | 0.3% |
| Farm Credit Mid-America, ACA | $730,000 | $945,000 | 29.5% | 0.3% |
| First Bank | $1,145,000 | $945,000 | -17.5% | 0.3% |
| Frost Bank | $675,000 | $940,000 | 39.3% | 0.3% |
| CANOPY MORTGAGE, LLC | $2,255,000 | $930,000 | -58.8% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $540,000 | $920,000 | 70.4% | 0.3% |
| USAA Federal Savings Bank | $385,000 | $920,000 | 139.0% | 0.3% |
| The Bank of San Antonio | $7,210,000 | $910,000 | -87.4% | 0.3% |
| AUSTIN TELCO Federal Credit Union | $905,000 | n/a | 0.3% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,550,000 | $890,000 | -42.6% | 0.3% |
| ACADEMY MORTGAGE CORPORATION | $545,000 | $850,000 | 56.0% | 0.3% |
| DHI MORTGAGE COMPANY, LTD. | $850,000 | $850,000 | 0.0% | 0.3% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $485,000 | $820,000 | 69.1% | 0.2% |
| NEXERA HOLDING LLC | $805,000 | n/a | 0.2% | |
| GUARANTEED RATE AFFINITY, LLC | $175,000 | $795,000 | 354.3% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $675,000 | $760,000 | 12.6% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $1,755,000 | $735,000 | -58.1% | 0.2% |
| V.I.P. MORTGAGE, INC. | $300,000 | $735,000 | 145.0% | 0.2% |
| ADVANCIAL | $705,000 | n/a | 0.2% | |
| GENEVA FINANCIAL, LLC | $690,000 | n/a | 0.2% | |
| ENVOY MORTGAGE, LTD | $685,000 | n/a | 0.2% | |
| Amerifirst Financial, Inc. | $680,000 | n/a | 0.2% | |
| NEWREZ LLC | $335,000 | $670,000 | 100.0% | 0.2% |
| Austin Capital Bank SSB | $660,000 | n/a | 0.2% | |
| BM Real Estate Services, Inc. | $1,760,000 | $620,000 | -64.8% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $2,825,000 | $610,000 | -78.4% | 0.2% |
| T2 FINANCIAL LLC | $530,000 | $610,000 | 15.1% | 0.2% |
| GSF Mortgage Corporation | $595,000 | n/a | 0.2% | |
| AMERICAN ADVISORS GROUP | $590,000 | n/a | 0.2% | |
| Gateway First Bank | $1,340,000 | $590,000 | -56.0% | 0.2% |
| Axos Bank | $565,000 | n/a | 0.2% | |
| SOUTHWEST STAGE FUNDING, LLC | $270,000 | $555,000 | 105.6% | 0.2% |
| MORTGAGE FINANCIAL SERVICES, LLC | $1,095,000 | $545,000 | -50.2% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $535,000 | n/a | 0.2% | |
| HOUSTON POLICE FEDERAL CREDIT UNION | $525,000 | n/a | 0.2% | |
| Access Community Credit Union | $515,000 | n/a | 0.2% | |
| 1ST COMMUNITY FEDERAL CREDIT UNION | $505,000 | n/a | 0.2% | |
| First Western Trust Bank | $505,000 | n/a | 0.2% | |
| Northpointe Bank | $505,000 | n/a | 0.2% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $505,000 | n/a | 0.2% | |
| Affiliated Bank | $485,000 | n/a | 0.1% | |
| International Bank of Commerce | $240,000 | $480,000 | 100.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $750,000 | $475,000 | -36.7% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $365,000 | $465,000 | 27.4% | 0.1% |
| First Commercial Bank | $115,000 | $465,000 | 304.3% | 0.1% |
| SENTE MORTGAGE, INC. | $925,000 | $465,000 | -49.7% | 0.1% |
| Texas Bank | $455,000 | n/a | 0.1% | |
| Encompass Lending Group, LP | $435,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $390,000 | $425,000 | 9.0% | 0.1% |
| Luxury Mortgage Corp. | $425,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $405,000 | n/a | 0.1% | |
| EDUCATION FIRST | $395,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $800,000 | $385,000 | -51.9% | 0.1% |
| General Mortgage Capital Corporation | $385,000 | n/a | 0.1% | |
| NBKC BANK | $385,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $1,750,000 | $375,000 | -78.6% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $515,000 | $365,000 | -29.1% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $365,000 | n/a | 0.1% | |
| Lend Smart Mortgage, LLC | $355,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $345,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $740,000 | $325,000 | -56.1% | 0.1% |
| Commercial Bank of Texas | $765,000 | $325,000 | -57.5% | 0.1% |
| DELMAR FINANCIAL COMPANY | $325,000 | n/a | 0.1% | |
| First Home Bank | $355,000 | $325,000 | -8.5% | 0.1% |
| Hometown Lenders, Inc. | $245,000 | $325,000 | 32.7% | 0.1% |
| Acre Mortgage and Financial Inc | $315,000 | n/a | 0.1% | |
| HOMETRUST MORTGAGE COMPANY | $315,000 | n/a | 0.1% | |
| Texas Security Bank | $315,000 | n/a | 0.1% | |
| American Airlines Federal Credit Union | $745,000 | $295,000 | -60.4% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $295,000 | n/a | 0.1% | |
| R Bank | $1,650,000 | $295,000 | -82.1% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $75,000 | $285,000 | 280.0% | 0.1% |
| CIVIC FINANCIAL SERVICES, LLC | $590,000 | $275,000 | -53.4% | 0.1% |
| PILGRIM MORTGAGE LLC | $1,070,000 | $275,000 | -74.3% | 0.1% |
| PlainsCapital Bank | $2,025,000 | $275,000 | -86.4% | 0.1% |
| A+ Federal Credit Union | $265,000 | n/a | 0.1% | |
| Comerica Bank | $375,000 | $265,000 | -29.3% | 0.1% |
| NexBank | $375,000 | $265,000 | -29.3% | 0.1% |
| DIRECTIONS EQUITY, LLC | $670,000 | $245,000 | -63.4% | 0.1% |
| SPRING EQ, LLC | $245,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $225,000 | $235,000 | 4.4% | 0.1% |
| Lakeview Community Capital, LLC | $215,000 | n/a | 0.1% | |
| FIRSTMARK | $245,000 | $210,000 | -14.3% | 0.1% |
| AMERICAN FINANCING CORPORATION | $570,000 | $205,000 | -64.0% | 0.1% |
| CERTAINTY HOME LOANS, LLC | $385,000 | $185,000 | -51.9% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $305,000 | $185,000 | -39.3% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $145,000 | $175,000 | 20.7% | 0.1% |
| EECU | $155,000 | n/a | 0.0% | |
| IMPAC MORTGAGE CORP. | $285,000 | $145,000 | -49.1% | 0.0% |
| U.S. Bank | $3,690,000 | $145,000 | -96.1% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,030,000 | $135,000 | -86.9% | 0.0% |
| Credit Union of Texas | $105,000 | n/a | 0.0% | |
| TEXAS DOW EMPLOYEES CREDIT UNION | $105,000 | n/a | 0.0% | |
| Carrington Mortgage Services, LLC | $75,000 | n/a | 0.0% |
Fredericksburg's top lender by overall market share is First United Bank and Trust Company, with 12.4% market share. In second place, with 7.7%, is Security State Bank & Trust, having originated $25,160,000 in loans. In third place, with 4.0%, is Prosperity Bank, having originated $13,025,000 in loans. In fourth place, with 3.4%, is QUICKEN LOANS, LLC, having originated $11,235,000 in loans. In fifth place, with 2.1%, is JPMorgan Chase Bank, having originated $6,855,000 in loans.
Fredericksburg, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 397 | $220,845,000 | $556,285 |
| Refi | 98 | $38,950,000 | $397,449 |
| Cash Out Refi | 97 | $36,615,000 | $377,474 |
| Home Improvement | 27 | $5,885,000 | $217,963 |
| Other | 22 | $21,800,000 | $990,909 |
| NA | 10 | $4,680,000 | $468,000 |
Fredericksburg's most frequently cited loan purpose was Home Purchase, with 397 originations. The 2nd most popular reason was Refi, with 98 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 158 | $86,090,000 | $544,873 |
| 4-5% | 139 | $71,075,000 | $511,331 |
| 5-6% | 132 | $76,210,000 | $577,348 |
| 6-7% | 66 | $29,900,000 | $453,030 |
| 2.5-3% | 50 | $25,910,000 | $518,200 |
| Over 8% | 33 | $7,215,000 | $218,636 |
| 7-8% | 25 | $7,805,000 | $312,200 |
| <2.5% | 16 | $7,350,000 | $459,375 |
During 2022, Fredericksburg's most frequently originated rate bucket was 3-4%, with 158 originations.
Loan Sizing (Fredericksburg, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 230 | $67,830,000 | $294,913 |
| $400k-600k | 141 | $69,185,000 | $490,674 |
| $100k-200k | 101 | $15,435,000 | $152,822 |
| $600k-1000k | 92 | $69,520,000 | $755,652 |
| $Over $1MM | 56 | $104,920,000 | $1,873,571 |
| $100,000 or less | 31 | $1,885,000 | $60,806 |
Fredericksburg's loan sizing saw the bucket of loans from $200k-400k with 230 originations, totaling $67,830,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 217 | $132,785,000 | $611,912 |
| 80-100% | 168 | $84,170,000 | $501,012 |
| 40-60% | 108 | $44,930,000 | $416,019 |
| 20-40% | 79 | $24,665,000 | $312,215 |
| Under 20% | 41 | $5,555,000 | $135,488 |
| Over 100% | 4 | $1,390,000 | $347,500 |
Fredericksburg's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 217 originations, totaling $132,785,000 in origination value.