Hereford Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Hereford averaged 6.66% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 7.01% and one month ago for the week of 2025-04-17, the average rate was 7.03%.

    Hereford's average rate one year ago was 7.12%.

    For refis of the same type during the week of 2025-05-22, the average rate was 7.06%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Hereford 30 Year Fixed Rate 2025-05-22 6.66%
    Hereford 30 Year Fixed Rate Refi 2025-05-22 7.06%
    Hereford 15 Year Fixed Rate 2025-05-22 6.01%
    Hereford 15 Year Fixed Rate Refi 2025-05-22 6.11%
    Hereford 30 Year FHA 2025-05-22 6.41%
    Hereford 30 Year FHA Refi 2025-05-22 6.71%
    Hereford 30 Year USDA 2025-05-22 6.63%
    Hereford 30 Year USDA Refi 2025-05-22 6.53%
    Hereford 30 Year VA 2025-05-22 6.52%
    Hereford 30 Year VA Refi 2025-05-22 6.52%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hereford, TX.

    Hereford 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 Hereford, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 4 7.18% $8,318
    First Financial Bank 4 7.11% $3,047
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.67% $7,717
    JPMorgan Chase Bank 3 6.96% $4,828
    UNITED WHOLESALE MORTGAGE, LLC 2 7.29% $4,797
    Education Credit Union 2 6.75% $6,514
    Amarillo National Bank 2 6.50% $3,885
    ROYAL UNITED MORTGAGE LLC 1 7.50% $8,664
    Sunflower Bank 1 6.88% $8,974
    TEXAS TECH 1 6.38% $3,636
    TIB The Independent Bankersbank 1 7.00% $3,637
    UNION HOME MORTGAGE CORP. 1 8.13% $6,541
    Waterstone Mortgage Corporation 1 6.38% $4,521
    Wells Fargo Bank 1 7.00% $2,723
    Access Community Credit Union 1 7.00% $7,208
    West Gate Bank 1 6.88% $3,329
    AmeriHome Mortgage Company, LLC 1 6.88% $6,247
    BROKER SOLUTIONS, INC. 1 7.63% $5,466
    Centennial Bank 1 7.88% $4,875
    First United Bank 1 5.99% $6,658
    Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $9,752
    PENNYMAC LOAN SERVICES, LLC 1 6.62% $8,611

    Hereford Average Closing Costs & Other Stats

    Hereford, TX's 22 lenders originated 170 loans during 2024. The total origination value was $29,570,000, with an average loan value of $173,941.

    Hereford's average closing costs are $7,109.

    The top Hereford lender as defined by loan originations is QUICKEN LOANS, LLC, with 4 loans originated. Their average total fees are $8,318, which is $5,270 higher than the next largest lender, First Financial Bank.

    The lowest fee Hereford lenders (with over 10 loans originated) are .

    The lowest rate Hereford lenders (with over 10 loans originated) are .

    Hereford, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    FirstBank Southwest $3,515,000 $4,060,000 15.5% 13.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,620,000 n/a 12.2%
    UNION HOME MORTGAGE CORP. $1,545,000 $2,145,000 38.8% 7.3%
    QUICKEN LOANS, LLC $375,000 $1,685,000 349.3% 5.7%
    First Financial Bank $2,275,000 $1,675,000 -26.4% 5.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $2,480,000 $1,275,000 -48.6% 4.3%
    Equity Bank $1,215,000 n/a 4.1%
    Education Credit Union $350,000 $900,000 157.1% 3.0%
    Amarillo National Bank $1,055,000 $855,000 -19.0% 2.9%
    PENNYMAC LOAN SERVICES, LLC $65,000 $795,000 1,123.1% 2.7%
    UNITED WHOLESALE MORTGAGE, LLC $690,000 $780,000 13.0% 2.6%
    JPMorgan Chase Bank $285,000 $675,000 136.8% 2.3%
    CARDINAL FINANCIAL $495,000 $500,000 1.0% 1.7%
    NATIONS RELIABLE LENDING, LLC $380,000 $460,000 21.1% 1.6%
    Sunflower Bank $415,000 n/a 1.4%
    TEXAS TECH $390,000 n/a 1.3%
    TRIAD FINANCIAL SERVICES, INC. $135,000 $365,000 170.4% 1.2%
    21ST MORTGAGE CORPORATION $315,000 $360,000 14.3% 1.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $360,000 n/a 1.2%
    Bank of America $340,000 n/a 1.1%
    West Gate Bank $315,000 n/a 1.1%
    Wells Fargo Bank $155,000 $280,000 80.6% 0.9%
    Barrington Bank & Trust Company, N.A. $255,000 $265,000 3.9% 0.9%
    FLAT BRANCH MORTGAGE, INC. $255,000 n/a 0.9%
    AMARILLO COMMUNITY $365,000 $240,000 -34.2% 0.8%
    BROKER SOLUTIONS, INC. $225,000 $235,000 4.4% 0.8%
    Mortgage Research Center, LLC $480,000 $225,000 -53.1% 0.8%
    Waterstone Mortgage Corporation $225,000 n/a 0.8%
    1ST SIGNATURE LENDING, LLC $215,000 n/a 0.7%
    Encompass Lending Group, LP $205,000 n/a 0.7%
    Centennial Bank $680,000 $200,000 -70.6% 0.7%
    American Airlines Federal Credit Union $195,000 n/a 0.7%
    VILLAGE CAPITAL MORTGAGE $195,000 n/a 0.7%
    First United Bank $880,000 $190,000 -78.4% 0.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $115,000 $190,000 65.2% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $300,000 $185,000 -38.3% 0.6%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $155,000 n/a 0.5%
    GUARANTEED RATE, INC. $155,000 n/a 0.5%
    Alliance Credit Union $145,000 n/a 0.5%
    Access Community Credit Union $165,000 $135,000 -18.2% 0.5%
    TIB The Independent Bankersbank $245,000 $135,000 -44.9% 0.5%
    AmeriHome Mortgage Company, LLC $115,000 n/a 0.4%
    LOANPAL, LLC $115,000 n/a 0.4%
    ROYAL UNITED MORTGAGE LLC $115,000 n/a 0.4%
    SOUTHWEST STAGE FUNDING, LLC $95,000 $115,000 21.1% 0.4%
    LANTZMAN MANAGEMENT, INC. $105,000 n/a 0.4%
    LONGBRIDGE FINANCIAL, LLC $45,000 n/a 0.2%
    The People's Federal Credit Union $35,000 n/a 0.1%
    Truist $25,000 n/a 0.1%

    Hereford's top lender by overall market share is FirstBank Southwest, with 13.7% market share. In second place, with 12.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $3,620,000 in loans. In third place, with 7.3%, is UNION HOME MORTGAGE CORP., having originated $2,145,000 in loans. In fourth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $1,685,000 in loans. In fifth place, with 5.7%, is First Financial Bank, having originated $1,675,000 in loans.

    Hereford Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Hereford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $138,700 (26.1%) $206,651 (26.3%) 0.00 34
    2018-02-01 $139,500 (27.5%) $196,519 (20.1%) 0.00 35
    2018-03-01 $143,500 (10.4%) $199,840 (5.0%) 0.00 33
    2018-04-01 $146,975 (1.4%) $198,956 (-1.2%) 0.00 28
    2018-05-01 $163,000 (10.5%) $192,755 (-8.2%) 0.00 29
    2018-06-01 $176,000 (19.4%) $194,838 (-9.9%) 0.00 29
    2018-07-01 $148,200 (5.9%) $190,692 (-8.5%) 0.00 30
    2018-08-01 $179,900 (29.1%) $213,160 (3.1%) 0.00 29
    2018-09-01 $180,000 (25.1%) $215,515 (3.8%) 0.00 24
    2018-10-01 $172,900 (21.2%) $204,381 (-0.1%) 0.00 26
    2018-11-01 $154,900 (4.5%) $204,841 (-6.6%) 0.00 27
    2018-12-01 $189,950 (37.7%) $206,415 (0.2%) 0.00 25
    2019-01-01 $195,000 (40.6%) $203,056 (-1.7%) 0.00 24
    2019-02-01 $197,000 (41.2%) $195,939 (-0.3%) 0.00 25
    2019-03-01 $209,286 (45.8%) $221,832 (11.0%) 0.00 23
    2019-04-01 $196,786 (33.9%) $221,921 (11.5%) 0.00 21
    2019-05-01 $182,100 (11.7%) $216,139 (12.1%) 0.00 24
    2019-06-01 $165,500 (-6.0%) $211,842 (8.7%) 0.00 24
    2019-07-01 $165,625 (11.8%) $198,403 (4.0%) 0.00 27
    2019-08-01 $164,000 (-8.8%) $193,700 (-9.1%) 0.00 29
    2019-09-01 $165,125 (-8.3%) $189,304 (-12.2%) 0.00 33
    2019-10-01 $164,750 (-4.7%) $186,373 (-8.8%) 0.00 35
    2019-11-01 $168,500 (8.8%) $192,826 (-5.9%) 0.00 30
    2019-12-01 $179,750 (-5.4%) $207,128 (0.4%) 0.00 29
    2020-01-01 $181,125 (-7.1%) $211,487 (4.2%) 0.00 30
    2020-02-01 $189,750 (-3.7%) $217,755 (11.1%) 0.00 29
    2020-03-01 $209,000 (-0.1%) $226,590 (2.1%) 0.00 25
    2020-04-01 $209,000 (6.2%) $227,872 (2.7%) 0.00 24
    2020-05-01 $203,000 (11.5%) $220,441 (2.0%) 0.00 24
    2020-06-01 $203,000 (22.7%) $214,566 (1.3%) 0.00 28
    2020-07-01 $189,225 (14.3%) $203,521 (2.6%) 0.00 31
    2020-08-01 $180,000 (9.8%) $185,367 (-4.3%) 0.00 28
    2020-09-01 $186,600 (13.0%) $183,928 (-2.8%) 0.00 27
    2020-10-01 $183,500 (11.4%) $180,068 (-3.4%) 0.00 28
    2020-11-01 $174,225 (3.4%) $179,077 (-7.1%) 0.00 30
    2020-12-01 $162,438 (-9.6%) $172,955 (-16.5%) 0.00 32
    2021-01-01 $177,475 (-2.0%) $178,096 (-15.8%) 0.00 29
    2021-02-01 $197,000 (3.8%) $193,318 (-11.2%) 0.00 30
    2021-03-01 $188,213 (-10.0%) $198,163 (-12.6%) 0.00 32
    2021-04-01 $170,000 (-18.7%) $183,813 (-19.3%) 0.00 26
    2021-05-01 $172,000 (-15.3%) $211,405 (-4.1%) 0.00 19
    2021-06-01 $175,000 (-13.8%) $218,212 (1.7%) 0.00 24
    2021-07-01 $180,975 (-4.4%) $268,311 (31.8%) 0.00 21
    2021-08-01 $204,200 (13.4%) $253,909 (37.0%) 0.00 23
    2021-09-01 $193,225 (3.6%) $267,412 (45.4%) 0.00 24
    2021-10-01 $209,950 (14.4%) $297,491 (65.2%) 0.00 26
    2021-11-01 $217,450 (24.8%) $316,497 (76.7%) 0.00 24
    2021-12-01 $224,725 (38.4%) $302,623 (75.0%) 0.00 28
    2022-01-01 $209,950 (18.3%) $283,812 (59.4%) 0.00 26
    2022-02-01 $215,213 (9.2%) $283,966 (46.9%) 0.00 27
    2022-03-01 $222,000 (18.0%) $263,432 (32.9%) 0.00 32
    2022-04-01 $219,950 (29.4%) $236,058 (28.4%) 0.00 36
    2022-05-01 $197,475 (14.8%) $225,838 (6.8%) 0.00 41
    2022-06-01 $210,738 (20.4%) $232,525 (6.6%) 0.00 37
    2022-07-01 $220,000 (21.6%) $250,671 (-6.6%) 0.00 44
    2022-08-01 $235,000 (15.1%) $266,702 (5.0%) 0.00 44
    2022-09-01 $238,713 (23.5%) $294,183 (10.0%) 0.00 46
    2022-10-01 $237,500 (13.1%) $306,001 (2.9%) 0.00 46
    2022-11-01 $241,250 (11.0%) $308,360 (-2.6%) 0.00 46
    2022-12-01 $257,000 (14.4%) $322,299 (6.5%) 0.00 45
    2023-01-01 $254,250 (21.1%) $332,092 (17.0%) 0.00 43
    2023-02-01 $263,188 (22.3%) $337,363 (18.8%) 0.00 45
    2023-03-01 $259,950 (17.1%) $326,850 (24.1%) 0.00 53
    2023-04-01 $259,950 (18.2%) $314,130 (33.1%) 0.00 58
    2023-05-01 $259,950 (31.6%) $315,223 (39.6%) 0.00 52
    2023-06-01 $259,950 (23.4%) $317,172 (36.4%) 0.00 49
    2023-07-01 $254,000 (15.5%) $297,066 (18.5%) 0.00 56
    2023-08-01 $239,988 (2.1%) $292,773 (9.8%) 0.00 56
    2023-09-01 $239,950 (0.5%) $293,260 (-0.3%) 0.00 56
    2023-10-01 $248,750 (4.7%) $303,736 (-0.7%) 0.00 55
    2023-11-01 $245,000 (1.6%) $300,816 (-2.5%) 0.00 57
    2023-12-01 $239,975 (-6.6%) $302,041 (-6.3%) 0.00 52
    2024-01-01 $229,963 (-9.6%) $269,306 (-18.9%) 0.00 54
    2024-02-01 $223,738 (-15.0%) $262,105 (-22.3%) 0.00 51
    2024-03-01 $217,475 (-16.3%) $266,958 (-18.3%) 0.00 44
    2024-04-01 $219,975 (-15.4%) $270,220 (-14.0%) 0.00 53
    2024-05-01 $213,750 (-17.8%) $261,233 (-17.1%) 0.00 60
    2024-06-01 $220,000 (-15.4%) $267,388 (-15.7%) 0.00 54
    2024-07-01 $219,500 (-13.6%) $267,053 (-10.1%) 0.00 53
    2024-08-01 $214,000 (-10.8%) $262,730 (-10.3%) 0.00 52
    2024-09-01 $218,000 (-9.2%) $265,701 (-9.4%) 0.00 49
    2024-10-01 $224,975 (-9.6%) $266,648 (-12.2%) 0.00 45
    2024-11-01 $222,500 (-9.2%) $232,221 (-22.8%) 0.00 49
    2024-12-01 $225,750 (-5.9%) $243,238 (-19.5%) 0.00 49
    2025-01-01 $241,500 (5.0%) $260,111 (-3.4%) 0.00 34
    2025-02-01 $223,500 (-0.1%) $245,704 (-6.3%) 0.00 48
    2025-03-01 $235,000 (8.1%) $242,695 (-9.1%) 0.00 56
    2025-04-01 $242,450 (10.2%) $244,764 (-9.4%) 0.00 62
    Hereford's median listing price for 2025-04-01 was $242,450, a difference of $22,475 (10.2%) versus the prior year and $7,450 versus the prior month.

    Hereford's median listing price comes in at 0% of the national average.

    Hereford's average listing price for 2025-04-01 was $244,764, a difference of $-25,456 (-9.4%) versus the prior year and $2,069 versus the prior month.

    For the 2025-04-01 period, Hereford had 62 MLS listings, a difference of 6 listings (11%) versus the prior month and 9 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hereford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,189 sqft
    2018-02-01 0 days 2,076 sqft
    2018-03-01 0 days 2,163 sqft
    2018-04-01 0 days 2,295 sqft
    2018-05-01 0 days 2,379 sqft
    2018-06-01 0 days 2,386 sqft
    2018-07-01 0 days 2,315 sqft
    2018-08-01 0 days 2,543 sqft
    2018-09-01 0 days 2,564 sqft
    2018-10-01 0 days 2,468 sqft
    2018-11-01 0 days 2,321 sqft
    2018-12-01 0 days 2,304 sqft
    2019-01-01 0 days 2,261 sqft
    2019-02-01 0 days 2,213 sqft
    2019-03-01 0 days 2,251 sqft
    2019-04-01 0 days 2,150 sqft
    2019-05-01 0 days 2,076 sqft
    2019-06-01 0 days 2,045 sqft
    2019-07-01 0 days 2,123 sqft
    2019-08-01 0 days 2,130 sqft
    2019-09-01 0 days 2,105 sqft
    2019-10-01 0 days 2,075 sqft
    2019-11-01 0 days 2,182 sqft
    2019-12-01 0 days 2,281 sqft
    2020-01-01 0 days 2,340 sqft
    2020-02-01 0 days 2,431 sqft
    2020-03-01 0 days 2,302 sqft
    2020-04-01 0 days 2,380 sqft
    2020-05-01 0 days 2,193 sqft
    2020-06-01 0 days 2,193 sqft
    2020-07-01 0 days 2,041 sqft
    2020-08-01 0 days 1,846 sqft
    2020-09-01 0 days 1,892 sqft
    2020-10-01 0 days 2,031 sqft
    2020-11-01 0 days 1,797 sqft
    2020-12-01 0 days 1,758 sqft
    2021-01-01 0 days 1,754 sqft
    2021-02-01 0 days 1,826 sqft
    2021-03-01 0 days 1,787 sqft
    2021-04-01 0 days 1,566 sqft
    2021-05-01 0 days 1,488 sqft
    2021-06-01 0 days 1,646 sqft
    2021-07-01 0 days 1,831 sqft
    2021-08-01 0 days 1,819 sqft
    2021-09-01 0 days 1,900 sqft
    2021-10-01 0 days 1,766 sqft
    2021-11-01 0 days 1,920 sqft
    2021-12-01 0 days 1,798 sqft
    2022-01-01 0 days 1,656 sqft
    2022-02-01 0 days 1,718 sqft
    2022-03-01 0 days 1,789 sqft
    2022-04-01 0 days 1,634 sqft
    2022-05-01 0 days 1,600 sqft
    2022-06-01 0 days 1,642 sqft
    2022-07-01 0 days 1,657 sqft
    2022-08-01 0 days 1,736 sqft
    2022-09-01 0 days 1,780 sqft
    2022-10-01 0 days 1,800 sqft
    2022-11-01 0 days 1,912 sqft
    2022-12-01 0 days 1,930 sqft
    2023-01-01 0 days 1,919 sqft
    2023-02-01 0 days 1,844 sqft
    2023-03-01 0 days 1,824 sqft
    2023-04-01 0 days 1,812 sqft
    2023-05-01 0 days 1,806 sqft
    2023-06-01 0 days 1,828 sqft
    2023-07-01 0 days 1,795 sqft
    2023-08-01 0 days 1,786 sqft
    2023-09-01 0 days 1,770 sqft
    2023-10-01 0 days 1,768 sqft
    2023-11-01 0 days 1,797 sqft
    2023-12-01 0 days 1,787 sqft
    2024-01-01 0 days 1,752 sqft
    2024-02-01 0 days 1,740 sqft
    2024-03-01 0 days 1,752 sqft
    2024-04-01 0 days 1,788 sqft
    2024-05-01 0 days 1,768 sqft
    2024-06-01 0 days 1,779 sqft
    2024-07-01 0 days 1,787 sqft
    2024-08-01 0 days 1,777 sqft
    2024-09-01 0 days 1,786 sqft
    2024-10-01 0 days 1,789 sqft
    2024-11-01 0 days 1,786 sqft
    2024-12-01 0 days 1,792 sqft
    2025-01-01 0 days 1,923 sqft
    2025-02-01 0 days 1,928 sqft
    2025-03-01 0 days 1,917 sqft
    2025-04-01 0 days 1,865 sqft
    Hereford's median listing age (time on market) for 2025-04-01 was 0 days.

    Hereford's median square footage for active listings during the 2025-04-01 period was 1,865 sqft. One year prior, the average listing was 1,788 sqft.

    Hereford, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 112 $21,230,000 $189,554
    Cash Out Refi 25 $3,765,000 $150,600
    Refi 14 $3,170,000 $226,429
    Other 11 $865,000 $78,636
    Home Improvement 8 $540,000 $67,500

    Hereford's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 55 $12,415,000 $225,727
    7-8% 34 $5,290,000 $155,588
    Over 8% 23 $3,575,000 $155,435
    5-6% 14 $2,920,000 $208,571
    <2.5% 4 $20,000 $5,000
    4-5% 2 $220,000 $110,000

    During 2024, Hereford's most frequently originated rate bucket was 6-7%, with 55 originations.

    Loan Sizing (Hereford, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 75 $11,005,000 $146,733
    $200k-400k 46 $11,090,000 $241,087
    $100,000 or less 41 $2,575,000 $62,805
    $400k-600k 5 $2,275,000 $455,000
    $600k-1000k 2 $1,410,000 $705,000
    $Over $1MM 1 $1,215,000 $1,215,000

    Hereford's loan sizing saw the bucket of loans from $100k-200k with 75 originations, totaling $11,005,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 72 $14,500,000 $201,389
    60-80% 25 $5,235,000 $209,400
    40-60% 14 $2,620,000 $187,143
    20-40% 9 $745,000 $82,778
    Under 20% 7 $115,000 $16,429
    Over 100% 3 $765,000 $255,000

    Hereford's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 72 originations, totaling $14,500,000 in origination value.