Fredericksburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fredericksburg averaged
6.78%
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
7% and
one month ago for the week of 2024-06-13, the
average rate was 6.96%.
Fredericksburg's average rate one year ago was 6.87%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.87%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Fredericksburg 30 Year Fixed Rate | 2024-07-18 | 6.78% |
| Fredericksburg 30 Year Fixed Rate Refi | 2024-07-18 | 6.87% |
| Fredericksburg 15 Year Fixed Rate | 2024-07-18 | 6.25% |
| Fredericksburg 15 Year Fixed Rate Refi | 2024-07-18 | 6.55% |
| Fredericksburg 30 Year FHA | 2024-07-18 | 6.59% |
| Fredericksburg 30 Year FHA Refi | 2024-07-18 | 6.79% |
| Fredericksburg 30 Year USDA | 2024-07-18 | 6.43% |
| Fredericksburg 30 Year USDA Refi | 2024-07-18 | 6.73% |
| Fredericksburg 30 Year VA | 2024-07-18 | 6.2% |
| Fredericksburg 30 Year VA Refi | 2024-07-18 | 6.5% |
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 78 lenders originated 409
loans during 2023. The total origination value was $192,875,000, with an average loan value of
$471,577.
Fredericksburg's average closing costs are $7,214.
The top Fredericksburg lender as defined by loan originations is QUICKEN LOANS, LLC, with
30 loans originated. Their average total fees are
$10,140, which is $638
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Fredericksburg lenders (with over 10 loans originated) are
First United Bank and Trust Company ($5,148), Security State Bank & Trust ($6,896), QUICKEN LOANS, LLC ($10,140), UNITED WHOLESALE MORTGAGE, LLC ($10,777) and .
The lowest rate Fredericksburg lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.79%), QUICKEN LOANS, LLC (6.81%), First United Bank and Trust Company (7.02%), Security State Bank & Trust (7.36%) and .
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Security State Bank & Trust | $25,160,000 | $15,690,000 | -37.6% | 8.1% |
| QUICKEN LOANS, LLC | $11,235,000 | $13,530,000 | 20.4% | 7.0% |
| First United Bank and Trust Company | $40,755,000 | $10,645,000 | -73.9% | 5.5% |
| Prosperity Bank | $13,025,000 | $8,705,000 | -33.2% | 4.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,555,000 | $7,605,000 | 113.9% | 3.9% |
| AMCAP MORTGAGE, LTD. | $3,415,000 | $5,650,000 | 65.4% | 2.9% |
| Morgan Stanley Private Bank | $4,020,000 | $5,215,000 | 29.7% | 2.7% |
| Bank of America | $4,955,000 | $4,445,000 | -10.3% | 2.3% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $4,315,000 | n/a | 2.2% | |
| PENNYMAC LOAN SERVICES, LLC | $1,985,000 | $3,535,000 | 78.1% | 1.8% |
| GUILD MORTGAGE COMPANY | $3,335,000 | $3,430,000 | 2.8% | 1.8% |
| RANDOLPH-BROOKS | $3,695,000 | $3,380,000 | -8.5% | 1.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $920,000 | $3,120,000 | 239.1% | 1.6% |
| First Horizon Bank | $1,995,000 | $2,995,000 | 50.1% | 1.6% |
| Broadway National Bank | $4,375,000 | $2,860,000 | -34.6% | 1.5% |
| JPMorgan Chase Bank | $6,855,000 | $2,805,000 | -59.1% | 1.5% |
| SECURITY SERVICE | $4,810,000 | $2,780,000 | -42.2% | 1.4% |
| UBS Bank USA | $2,585,000 | $2,700,000 | 4.4% | 1.4% |
| CMG MORTGAGE, INC. | $3,180,000 | $2,675,000 | -15.9% | 1.4% |
| Texas Regional Bank | $4,660,000 | $2,630,000 | -43.6% | 1.4% |
| LOANPEOPLE, LLC | $1,020,000 | $2,530,000 | 148.0% | 1.3% |
| Farm Credit Mid-America, ACA | $945,000 | $2,505,000 | 165.1% | 1.3% |
| BancorpSouth | $2,245,000 | $2,150,000 | -4.2% | 1.1% |
| THRIVE MORTGAGE, LLC | $2,150,000 | n/a | 1.1% | |
| Zions Bank | $5,740,000 | $2,140,000 | -62.7% | 1.1% |
| Independent Bank | $4,055,000 | $2,080,000 | -48.7% | 1.1% |
| First Commercial Bank | $465,000 | $2,005,000 | 331.2% | 1.0% |
| DEEPHAVEN MORTGAGE LLC | $365,000 | $1,965,000 | 438.4% | 1.0% |
| PHH Mortgage Corporation | $1,760,000 | $1,830,000 | 4.0% | 0.9% |
| ARC HOME LLC | $1,815,000 | $1,685,000 | -7.2% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,485,000 | $1,675,000 | -32.6% | 0.9% |
| USAA Federal Savings Bank | $920,000 | $1,670,000 | 81.5% | 0.9% |
| SWBC MORTGAGE CORPORATION | $2,040,000 | $1,655,000 | -18.9% | 0.9% |
| Frost Bank | $940,000 | $1,505,000 | 60.1% | 0.8% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,505,000 | n/a | 0.8% | |
| FOUNDATION MORTGAGE CORPORATION | $1,495,000 | n/a | 0.8% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $505,000 | $1,480,000 | 193.1% | 0.8% |
| Commerce Home Mortgage, Inc. | $1,325,000 | n/a | 0.7% | |
| The Bank & Trust | $1,350,000 | $1,320,000 | -2.2% | 0.7% |
| Flagstar Bank, FSB | $1,450,000 | $1,305,000 | -10.0% | 0.7% |
| TRIAD FINANCIAL SERVICES, INC. | $1,055,000 | $1,290,000 | 22.3% | 0.7% |
| SENTE MORTGAGE, INC. | $465,000 | $1,270,000 | 173.1% | 0.7% |
| Centennial Bank | $4,290,000 | $1,160,000 | -73.0% | 0.6% |
| Texas Gulf Bank | $1,145,000 | n/a | 0.6% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,015,000 | $1,085,000 | 6.9% | 0.6% |
| GSB MORTGAGE, INC. | $1,075,000 | n/a | 0.6% | |
| Academy Bank | $1,045,000 | n/a | 0.5% | |
| NATIONS RELIABLE LENDING, LLC | $1,150,000 | $1,030,000 | -10.4% | 0.5% |
| HOMEXPRESS MORTGAGE CORP. | $1,015,000 | n/a | 0.5% | |
| Vantage Bank Texas | $1,015,000 | n/a | 0.5% | |
| LOANDEPOT.COM, LLC | $3,980,000 | $1,010,000 | -74.6% | 0.5% |
| Mortgage Research Center, LLC | $1,530,000 | $1,005,000 | -34.3% | 0.5% |
| 21ST MORTGAGE CORPORATION | $4,025,000 | $1,000,000 | -75.2% | 0.5% |
| First Bank | $945,000 | $980,000 | 3.7% | 0.5% |
| EASTMAN | $925,000 | n/a | 0.5% | |
| Citibank | $1,385,000 | $875,000 | -36.8% | 0.5% |
| Wells Fargo Bank | $1,460,000 | $870,000 | -40.4% | 0.5% |
| T2 FINANCIAL LLC | $610,000 | $845,000 | 38.5% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $385,000 | $825,000 | 114.3% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $735,000 | $800,000 | 8.8% | 0.4% |
| Northpointe Bank | $505,000 | $785,000 | 55.4% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $375,000 | $770,000 | 105.3% | 0.4% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $820,000 | $770,000 | -6.1% | 0.4% |
| UNION HOME MORTGAGE CORP. | $725,000 | n/a | 0.4% | |
| Community First National Bank | $715,000 | n/a | 0.4% | |
| BM Real Estate Services, Inc. | $620,000 | $710,000 | 14.5% | 0.4% |
| NEWREZ LLC | $670,000 | $690,000 | 3.0% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $175,000 | $690,000 | 294.3% | 0.4% |
| V.I.P. MORTGAGE, INC. | $735,000 | $670,000 | -8.8% | 0.3% |
| International Bank of Commerce | $480,000 | $655,000 | 36.5% | 0.3% |
| CHEVRON | $645,000 | n/a | 0.3% | |
| A&D Mortgage LLC | $610,000 | n/a | 0.3% | |
| BMO Harris Bank | $605,000 | n/a | 0.3% | |
| BAY EQUITY LLC | $585,000 | n/a | 0.3% | |
| Lone Star National Bank | $545,000 | n/a | 0.3% | |
| The Huntington National Bank | $535,000 | n/a | 0.3% | |
| AAXY L.L.C. | $525,000 | n/a | 0.3% | |
| S1L, Inc. | $525,000 | n/a | 0.3% | |
| American Momentum Bank | $515,000 | n/a | 0.3% | |
| AMPLIFY | $2,345,000 | $505,000 | -78.5% | 0.3% |
| SouthStar Bank, S.S.B. | $3,180,000 | $500,000 | -84.3% | 0.3% |
| GUARANTEED RATE, INC. | $1,715,000 | $490,000 | -71.4% | 0.3% |
| NEXERA HOLDING LLC | $805,000 | $485,000 | -39.8% | 0.3% |
| First Federal Bank | $475,000 | n/a | 0.2% | |
| NBKC BANK | $385,000 | $475,000 | 23.4% | 0.2% |
| PlainsCapital Bank | $275,000 | $475,000 | 72.7% | 0.2% |
| Credit Union of Texas | $105,000 | $460,000 | 338.1% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $425,000 | $455,000 | 7.1% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $890,000 | $455,000 | -48.9% | 0.2% |
| Plains Commerce Bank | $425,000 | n/a | 0.2% | |
| PLAZA HOME MORTGAGE, INC. | $1,205,000 | $425,000 | -64.7% | 0.2% |
| VAN DYK MORTGAGE CORPORATION | $185,000 | $425,000 | 129.7% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $415,000 | n/a | 0.2% | |
| Armed Forces Bank | $405,000 | n/a | 0.2% | |
| LENDINGONE, LLC | $405,000 | n/a | 0.2% | |
| SeaTrust Mortgage Company | $395,000 | n/a | 0.2% | |
| TIB The Independent Bankersbank | $395,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $475,000 | $375,000 | -21.1% | 0.2% |
| EDUCATION FIRST | $395,000 | $375,000 | -5.1% | 0.2% |
| Truity Federal Credit Union | $355,000 | n/a | 0.2% | |
| UNIVERSITY Federal Credit Union | $1,495,000 | $350,000 | -76.6% | 0.2% |
| MORTGAGE FINANCIAL SERVICES, LLC | $545,000 | $345,000 | -36.7% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $315,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,280,000 | $315,000 | -90.4% | 0.2% |
| Guaranty Bank & Trust, N.A. | $305,000 | n/a | 0.2% | |
| GARDNER FINANCIAL SERVICES, LTD. | $295,000 | n/a | 0.2% | |
| Extraco Banks | $275,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $950,000 | $275,000 | -71.1% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $850,000 | $265,000 | -68.8% | 0.1% |
| OPEN MORTGAGE, LLC | $265,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $205,000 | $255,000 | 24.4% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,175,000 | $245,000 | -79.1% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $245,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $245,000 | n/a | 0.1% | |
| FineMark National Bank & Trust | $225,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $285,000 | $220,000 | -22.8% | 0.1% |
| PILGRIM MORTGAGE LLC | $275,000 | $205,000 | -25.5% | 0.1% |
| ROGUE | $195,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $465,000 | $180,000 | -61.3% | 0.1% |
| VeraBank | $165,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $1,135,000 | $145,000 | -87.2% | 0.1% |
| ASSOCIATED CREDIT UNION OF TEXAS | $135,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $555,000 | $135,000 | -75.7% | 0.1% |
| Texas Mortgage Lending, LLC | $995,000 | $115,000 | -88.4% | 0.1% |
| FirstBank Southwest | $105,000 | n/a | 0.1% | |
| Jefferson Bank | $105,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $1,565,000 | $75,000 | -95.2% | 0.0% |
| PNC Bank | $1,195,000 | $65,000 | -94.6% | 0.0% |
| MOBILOIL | $55,000 | n/a | 0.0% |
Fredericksburg's top lender by overall market share is Security State Bank & Trust, with 8.1% market share. In second place, with 7.0%, is QUICKEN LOANS, LLC, having originated $13,530,000 in loans. In third place, with 5.5%, is First United Bank and Trust Company, having originated $10,645,000 in loans. In fourth place, with 4.5%, is Prosperity Bank, having originated $8,705,000 in loans. In fifth place, with 3.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $7,605,000 in loans.
Fredericksburg, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 270 | $131,680,000 | $487,704 |
| Refi | 62 | $37,310,000 | $601,774 |
| Cash Out Refi | 35 | $8,975,000 | $256,429 |
| Other | 24 | $9,760,000 | $406,667 |
| Home Improvement | 13 | $3,435,000 | $264,231 |
| NA | 5 | $1,715,000 | $343,000 |
Fredericksburg's most frequently cited loan purpose was Home Purchase, with 270 originations. The 2nd most popular reason was Refi, with 62 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 149 | $68,095,000 | $457,013 |
| 7-8% | 108 | $48,910,000 | $452,870 |
| Over 8% | 64 | $20,330,000 | $317,656 |
| 5-6% | 61 | $33,335,000 | $546,475 |
| 4-5% | 4 | $8,130,000 | $2,032,500 |
During 2023, Fredericksburg's most frequently originated rate bucket was 6-7%, with 149 originations.
Loan Sizing (Fredericksburg, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 136 | $41,250,000 | $303,309 |
| $400k-600k | 102 | $50,000,000 | $490,196 |
| $100k-200k | 63 | $8,995,000 | $142,778 |
| $600k-1000k | 53 | $38,625,000 | $728,774 |
| $Over $1MM | 30 | $52,490,000 | $1,749,667 |
| $100,000 or less | 25 | $1,515,000 | $60,600 |
Fredericksburg's loan sizing saw the bucket of loans from $200k-400k with 136 originations, totaling $41,250,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 135 | $83,665,000 | $619,741 |
| 80-100% | 107 | $42,125,000 | $393,692 |
| 40-60% | 59 | $31,195,000 | $528,729 |
| 20-40% | 50 | $16,190,000 | $323,800 |
| Under 20% | 32 | $4,890,000 | $152,813 |
| Over 100% | 4 | $1,140,000 | $285,000 |
Fredericksburg's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 135 originations, totaling $83,665,000 in origination value.